Saleen Automotive, Inc. (fka SLNN)

[FredVestor]

Any value investing is worthless without a proper valuation model. In order to have a valuation model, you need to project revenue.

With any revenue projection, Saleen cannont be cash flow positive from operation without at least $12 million in revenue.

This is what has been asserted before, that Saleen doesn't need to raise more money or issue more debt because they are cash flow positive from operation. Saying this is the same as saying they will report $12 million in revenue.