Saleen Automotive, Inc. (fka SLNN)

[AutoInvestor]

Significantly Horrible week for SLNN's stock value.
This last week Saleen's stock started at .0095 and was teetering back and
forth at the 1 cent level. By the end of the week Saleen's share price dropped (38%)
to it's ALL TIME LOW of .0060 after actually being traded in the .005's on Friday.
The week traded 10.9M shares in very heavy trading.
What triggered the sell off? Could it be the KBM Worldwide note conversion?
Without much doubt, converted shares from toxic notes are just starting to flood the market.
There was approxitmately 25M converted shares held, so another 15M are still waiting to be sold
with another 60M shares converting in June and July.
Look for more weeks like last week in the near future if Saleen is still operating.
Two more weeks like this past one and the share price will be at 0.00001.
The OTCBB shareholders got screwed by Steve Saleen and David Fiene.