Sunday, April 19, 2015 12:12:56 PM
It has been stated before that somehow Steve Saleen is still a majority owner of SLNN.
This is currently not true and it will be less and less true everyday from now on.
Steve Saleen wasn't issued any more shares as disclosed by SLNN since the S1.
Shares outstanding last reported earnings were 167,962,443.
82,333,375/167,962,443*100 = 49%
Steve Saleen doesn't own a majority of SLNN outstanding shares anymore and his stake will be further diluted very soon with the KBM notes coming to maturity.
I just wanted to clear this out.
This is currently not true and it will be less and less true everyday from now on.
Steve Saleen wasn't issued any more shares as disclosed by SLNN since the S1.
Shares outstanding last reported earnings were 167,962,443.
82,333,375/167,962,443*100 = 49%
Steve Saleen doesn't own a majority of SLNN outstanding shares anymore and his stake will be further diluted very soon with the KBM notes coming to maturity.
I just wanted to clear this out.
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