Let's be clear. The 2015 Saleen Automotive
is not the same company as the 2005 Saleen.
Ten years ago when Saleen was owned by Hancock Park
Associates and operated by Steve Saleen and a professional
management group they had a Ford contract to build 4,500 Ford GT's,
and had agreements with 235 Ford Dealerships to deliver Mustang's, Focus and
Ford Trucks , Saleen was a real Privately Held business. The BOD members included Beau Baukman
(Galpin Ford), Tony Johnson, Michael Fourticq, Kevin Listen , Bruce Meyer, Keith Pollan , Brian Walsh , Reiner). Professional managers who had contacts in Automotive and were commuted to add value for shareholders . The company knew how many cars they needed build. They knew how much each car / truck cost to build
and they knew how much to price each model. Every car sold generated profit.
This 2015 Saleen Automotive is a publicly traded company.
Saleen has No production vehicles, No Ford contracts, very few Ford Dealerships
No Automotive BOD's , No financing. They do not know how much there one off vehicles cost. The quantity of cars produced and the pricing are too low to generate ANY profit.
Worst of all their business plan is not to build high volume quantity of cars at a profit
for the benefit of their shareholders.
This 2015 company was set up by crooks, David Weiner, Steve Saleen and David Fiene .
Their goal from the beginning has been to flood the market with 500,000,000 shares at $1.00 per share
and Pump the stock up long enough to get past the waiting period so they could sell their shares
to unsophisticated automotive enthusiasts.
The BOD includes the President of a PR firm who was granted SLNN shares.
Ask yourself why?
Every decision made since the start of this new Saleen Automotive company
is consistent with a Pump and Dump operation.
More invested and borrowed money goes into PR and Marketing
than into buying inventory to build cars they have orders for and have taken deposits for .
Imagine taking a customers deposit money and spending it
on investor website advertising rather than buyer the parts to build that
customer's car. That is criminal.
Saleen is not real business. SLNN is a scam.
All evidence points to that . The old Saleen Performance
reputation is being used to try and sell this stock.
Even the old Saleen was Mis-managed by Steve.
He never cared about shareholder value, but it was a real
business. This 2015?version of Saleen does not even come close
to working for shareholder value. The BOD just wants to cash out the
millions of SLNN shares granted to them by Steve at the public shareholders
expense.
