Thanks Again!! At least somebodies reading the writing on the wall. I am appreciative of the opportunity to contribute to, and gain knowledge from other peoples opinions on Investors Hub as well. Think about it without this blog SLNN investors would have been keep in the dark about this company. Now I'll get to the point GTA being a private corporation does not have to disclose to the public any of its officers, as far as we know, Steve Saleen could be the present CEO of GTA Corp. By the looks of things things he is most definitely an officer, based on the fact that the loan note is between SLNN (which Steve Saleen is president and CEO) and Steve Saleen and GTA, where Steve Saleen is stated as one of the principles of the note. So lets break this down Steve Saleen and GTA are loaning money to Steve Saleen and SLNN corporation under the condition that if SLNN (CEO Steve Saleen) defaults on the loan Steve Saleen and GTA takes everything minus $10,000,000 debt and any burden to the investors. So lets break this down Steve Saleen is a businees man and is out to make money for himself and hopefully his investors. On the SLNN side of the equation. SLNN is minus $10,000,000 (Debt) and also minus a $ 40,000,000 burden to the current SLNN investors (the last market cap stated on the investors hub web site) added together equal $50,000,000. Like art, the monetary value of IP is extremely arbitrary but using the value that's stated on the Investors Hub website $40,000,000 million seems, a fair appraisal. Now lets look at the Steve Saleen GTA side of the equation if Steve Saleen (SLNN) defaults on the loan obligations Steve Saleen and GTA is intittled to all of SLNN IP minus the $10,000,000 million debt plus $40,000,000 IP valuation. So on one side Steve Saleen and (Slnn)are minus $50,000,000 on the Steve Saleen GTA side of the equation if SLNN default they are plus $50,000,000. Plus $50,000,000 minus $50,000,000 plus $50,000,000 minus $50,000,000, GEE! which door will Steve Saleen choose, if this isn't a confict of interest what is. NADELDA makes a statement about Saleen being like family! Yeah part of the family! GTA is a privately funded corporation, look at the factory its huge it cost many tens of millions of dollars, its obvious it was funded by very wealthy people. By our own research we can see that they have co developed a world class luxury sedan. If this were a functional family would you allow one of its major contributors (SLNN) to be, in essence sleeping under a bridge. Don't you think that if this was a functional family that GTA would have been investing in SLNN equity, if they had done this, all of the toxic debt could have been avoided. The fact that the design of, and the production of a prototype, is a lengthy and capital extensive process yet (SLNN) market cap is presently around $250.000. Yeah part of a family, a dis-functional one. Steve Saleen has basically served his SLNN family the divorce papers even after admitting that he had been cheating all along, spent the family fortune on his younger mistress and left his family homeless to sleep under a bridge. And to make things worse Steve Saleen has already filed for a marriage license and finalized the grand wedding. Great point NADELDA comparing the SLNN GTA relationship to a family is a great analogy. So lets get real its California, this is the way of life there. So what retribution do SLNN investors have well, its divorce court, and that can get real brutal, it will be pretty hard for Steve to prove that he wasn't cheating, there will be a paper trail. But then again Its California anything can happen. Since I have an investment in SLNN I am really hoping, that this is all one big misunderstanding and that Steve has been planning a real big surprise for his SLNN family all along. And that's why there has been all this sneaking around. And just like in the movies, well shame on me and I should feel ashamed of myself for even thinking such things. That could have been the plot and theme of a G rated movie 50 years ago, but things are a little different nowdays. Remember the movie Wall Street and the scene where Bluestar airlines is being liquidated, as a business deal that's where we're currently at, its a done deal, its a rap! Sorry everybody, its just business! But as an investor and by default my tokens are already placed on Steve Saleen, the gate has already opened and the race is on, to late to go back to the booth and ask for my money back. So what hope do we have, well Steve Saleen, like American Pharoah is a pure breed racer and only his EGO could possible save us now. All we have left is the chance that his pride and thrill of winning the race will get ahead of any greed. Its a priority thing as you and Fredvestor have stated many times before most SLNN investors did not make an investment, but instead, placed bets based on emotion which clouded their judgement.
AI
