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FredVestor

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FredVestor

Re: janice shell post# 86638

Wednesday, 04/15/2015 12:39:08 PM

Wednesday, April 15, 2015 12:39:08 PM

Post# of 220813
Weiner and his associates are still involved with Saleen. According to the last 10Q, they still have $2 million in senior 3% convertible notes and in January they change the conversion rate on the remaining of these notes from $0.07 to $0.02. This give them controlling shares of the company on a diluted basis.

here is 8K about the conversion rate change: http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=10437404-1017-7506&type=sect&TabIndex=2&dcn=0001493152-15-000307&nav=1&src=Yahoo


If anyone knows something Kramer or KBM I'd like to know. I know that Seth Kramer of KBM previously settled a fraud case for $1.2 million, but I don't know much more than that.
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