Hancock Park owned Saleen. They put over $35M into Saleen. Steve was the CEO. He made the decisions that destroyed a perfectly good business plan. Steve Saleen went through $25M of Tony Johnson's money, and went Bankrupt.
Steve went through $35M of Hancock Park's money and went bankrupt.
Steve has gone through $19M of lenders, shareholders and investors money so far and again is Bankrupt.
Steve was on the Management Team for Champco which he destroyed. He was sued and lost in a court of law. The debt was transferred to Saleen Automotive and then converted into Millions of SLNN shares which are now being dumped into the market for whatever cash they can get for them.
Steve is the only common denominator. To blame the investors for Saleen's business failures is completely rediculous. What investor put their money into a company and then get blamed for the failures? The CEO is the manager and the one responsible for the performance. Steve was and is the CEO and he was as is responsible for the failures.
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