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Re: rooket post# 5567

Friday, 04/24/2015 7:21:41 PM

Friday, April 24, 2015 7:21:41 PM

Post# of 32167
Don't see Saleen shutting down in the foreseeable future?
Well, Saleen's CPA firm does. How much more debt would it take?
$8M in Debt. $3M Delinquent. ($812K) per month negative earnings.
Negative Gross Margin. No financing left. Stock is nearly worthless and 38M shares pledged
to debtors in June & July. The company is making payroll by
cashing deposits on vehicles and not having enough cash left to buy parts to tune the
cars they were paid for. All I see is imminent bankruptcy.
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