Saleen Automotive, Inc. (fka SLNN)

[DaReal]

For A/S check OTC or the Filings directly.
500M is the current A/S I think and likely it's ok for this year... depending how low the price will go after each conversion

To stay actual check frequently the NVSOS here:
http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=C4DpKFWHK%252bi60MzUtnuv0g%253d%253d&CorpName=SALEEN+AUTOMOTIVE%2c+INC.

How many shares will be converted?

Hard to tell, it depends on the stock price at or better before the conversion, the lower it is the more shares will need to be converted for the same amount of $.
10k converted at .005 is 2M shares and at .004 it's already 2.5M shares.

There are a lot of Notes that'll mature in the upcoming weeks and month. Means a lot of shares have to be sold/bought.

Who would by their Debt Notes? They defaulted with the Banks, Toxic Debt Notes in place and for some the conversion has started already.

It's not a typical P&D here but the Company has no $$ at all.
You need $$ to make $$ right? Those Debt notes are the last resort for many OTC companies and they are only screwing investors.

If the Debt gets extinguished , the Company would be free of debt... unlikely to happen imo.
If they continue as they do currently... nobody will buy a single share anymore and the stockk will see sooner or later .000's

Last step will be BK, which they technically are already imo