Saleen Automotive, Inc. (fka SLNN)

[wj2005]

So you did see my post?

Post # of 7701
Yes the note from greentech is now satisfied.

Just to clear confusion, greentech/SMI won't be making the current Saleen branded vehicles. These will only be built in corona.

Now, if greentech wanted to use the Saleen name on a vehicle they built they could do that. Also, anything else that is sold with the Saleen name on it they have to pay a royalty to Saleen Automotive. This is a HUGE deal!

We are talking about a market that has never been tapped into with Saleen vehicles!

I cannot wait to see how 2015 ends up. As I have been saying since January, 2015 is going to be a great year!

Firstly, there were no layoffs. Now maybe there were some people fired. Like I stated yesterday, did you verify there employment records regarding them being on time, never written up etc?

Now greentech doesn't not have the right to sell anywhere in the world, there are excluded countries like the united states for example. But one thing is that Saleen gets paid royalties every time that anything with the Saleen name on it is sold by greentech! Saleen is setup to really increase sales across the board with this.

Saleen is funding them selves with the current revenue stream with current sales of vehicles. Again, I have already stated that several times but it has been ignored.

With no current filing, anything else is speculation or just opinion. We will know what has been paid towards payroll taxes etc at the end of the month.

Still do not see a path to avoid bankruptcy.

I wouldn't expect anything else. This has been stated for over a year now as well as them closing every month. Which neither have happened.

Regards :)