There is zero chance that Saleen has the cash flow to continue operating without borrowing more money.
ZERO chance. Mathematically impossible. Opinions to the contrary are a result of not understanding Saleen's financial condition. Saleen is worse than broke. They are $10M in debt, so they have no cash flow. Every dollar they get there hands on is owed to multiple creditors.
PR taxes went UP $55K last quarter not down,
The last filings were published 4 months ago for Q3. There financials will be even Worse this quarter.
More debt. More delinquency. No funding . More law suits.
The Going Concern Statement from their CPA firm will be 6 pages long this time.
The 10K will prove that the deposits are going up and that Saleen has used the cash to cover their payroll.
That is a Ponzi scheme.
Greentech has no signed agreements with Ford, Chrysler, Dodge or a Tesla. None.
These giant OEM's would never license a tiny little company
to distribute their cars in Asia or anywhere else. It's ridiculous.
One lawyer, CEO could not even digest or manage the quantity of contracts and negotiations required to represent one OEM in China let alone four OEM's. Greentech would need to staff 20 attorney's just to deal with Ford Motor Company.
Exporting cars to China for an Auto Show is not the same as exporting OEM vehicles for sale in a foreign country. Smog Emissions, Testing, Safety, Warranty, Fuel compatibility all has to be worked out legally.
AI
