Does the exact date of Saleen's bankruptcy
and/or zero valued stock really matter that much?
The undeniable fact clearly shown on SLNN's stock performance
graph is that the stock is steadily moving in the direction of zero.
Almost a straight direct line from the top left of the graph down to just
about to the very, very bottom right of the graph.
The actual performance of Saleen under Steve's CEO
direction follows the graph. Down, Down, Down.
Each quarter the Debt gets higher. The revenue lower .
the number of outstanding shares increases as the dilution
of the stock continues.
Now, even beyond all the deniles of factual information,
the shareholders understand that they must Dump their stock
and take a big loss before the shares are completely worthless
(too late).
It truly is race to zero, a race to get something before bankruptcy
and delisting of SLNN from the OTCBB.
Even the most primitive and enthusiastic Saleen
supporter will dump their shares before they lose 100%
of their investment .
Apparently Saleen cannot find a lender or investor now
to fund their ($812K) loss per month .
Who is willing to write a $10M check just to get
back to even ? And then let a 3X loser like Steve run the business ?
So far, no one.
