Saleen Automotive, Inc. (fka SLNN)

[FredVestor]

Literally everything points toward a bankruptcy. It doesn't matter how many pennystock-flippers come in to pump the stock. Fundamentals remain the same.

The bank is suing Saleen for $300k and they don't have any money to pay. They owe $600k in payroll taxes and they don't have any money to pay. They owe millions to vendors and they don't have any money to pay.

Then a company comes in and give Saleen $500k, not to pay back the debt, but just to survive long enough for the other people with notes can unload their shares through a pump. People who had veto in raising more funds BTW. In exchange for that, they get first lien rights and coincidently Steve Saleen let go of his brand right.

These are not coincidences.