InvestorsHub Logo
Followers 18
Posts 1184
Boards Moderated 0
Alias Born 03/19/2014

Re: ronshappy post# 5250

Monday, 04/13/2015 9:03:52 PM

Monday, April 13, 2015 9:03:52 PM

Post# of 32163

Sure its possible that Steve Saleen may have been scammed by some



Steve Saleen wasn't scammed by anyone. That's what I thought at first too, but the more I look into it, the more it becomes clear.

Steve Saleen's SMS Supercar was already in bad shape. Just 5 years after he started the company, it already had a $11 million accumulated deficit. When he engaged in the reverse-merger he knew exactly what he was doing, but there wasn't any other way for him to see $3 million in cash so he went for it, but if he did any due diligence when he went for it, he knew exactly what it entailed. He could see all of Weiner's other deals, granted it was at the beginning of his scams, but still there was history to look at.

From there he could have stop, but he didn't and now anyone who is buying SLNN shares is buying from David Weiner and his associates dumping shares.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.