Your assessment is exactly correct. WM Greentech has the IP rights, branding and all the pledged assets of Saleen when it goes bankrupt. WM Greentech, David Weiner and KBM Worldwide are selling off the last of their converted shares on the backs of the OTCBB investors. They are not lending Saleen any more money. When enough of their converted shares have been sold, they will let SLNN go bankrupt and the will win the Intellectual Property, the Saleen Brand Name and the equipment. They just built a new facility in Missouri and will move the equipment and inventory and any customer orders to that facility.
SLNN will be delisted and all the shareholders, vendors, bank, creditors and customer deposits will be lost.
That is the plan. All evidence points to and confirms this path.
