Well let's say there are 200 million shares converted. With the current volume the stock has had it would be within the week that they are absorbed easily.
Like I have stated before, the other note holders have sold off there shares I'm sure. Its just the matter of time that the rest are sold, the next filing comes out showing increased revenue which will then help stabilize the stock to help it go up a little.
Then the same will happen with the next filing proving that there has been a increase because of the 2015 Saleen Mustang which will further push it up.
Within that time, China will be helping the slnn revenue numbers as well to again help the pps.
Its always negative negative negative but many things are falling into place here for Saleen.
They have not had any other funding since January other then the one at the end of may that was only for parts to build cars. What that tells me is there has been a surge of revenue to allow them to cover the day to day operations which is a very good thing for several reasons:
1. No new notes means no new converted shares coming after the other notes from DEC and Jan convert.
2. The new note in May was from greentech which is great. Also, the lowest conversion price is $0.02. They are the ones responsible for the distribution of the Saleen branded cars to china. This note was only able to be used to aquire parts or chassis. Not to pay anything else.
3. No other new notes means to me that they have adequate revenue stream to cover day to day operations currently. If they didn't, I'm sure there would have been an additional funding source which has NOT happened.
Like I have been saying all this year so far, this will be a great year for Saleen with many more to follow.
