Like most of the numbers related to Saleen, even the bumper numbers are a deceptive delusion. Saleen has a 2015 Mustang with a bumper #52 ? Why? Saleen has tuned far less than 52, probably just the few which have had their pictures plastered all over the internet . Saleen promoters send out PR photos on everything they do and everything that have not done.
The only thing that is important for an investor is profit. Or at least a move in the direction of break-even and then profit. As long as Saleen is producing a small percentage of the cars they need to even break even they will be bleeding cash. As long as they are losing money, they have to borrow more and also sell more stock at a discount. For a SLNN shareholder that is a bad investment. The SLNN share price will continue to go DOWN and the stock will continue to DILUTE. Why invest in SLNN? There are much better investments.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.