Saleen Automotive, Inc. (fka SLNN)

[wj2005]

Oh my... Ok let me put it into a simple to understand wording since I guess my first try didn't work:

Lets just continue to use the value of the car to be $65k

There is an insurance policy for the value of the vehicle complete... Base car and everything that Saleen did to the car.

Now people get to roll dice to win the car.

IF someone wins by rolling the dice, the insurance policy then pays for the car ($65K) which is what the policy is worth.

Now, lets say no one wins the car by rolling the dice... Then the car is auctioned off. This also pays for the complete car in the end.

So no one is losing money, NO ONE!

BTW, this is the same way casinos do giveaways on cars, motorcycles etc. They also take a policy out to cover the cost of the item... Its pennies on the dollar for the policy.