Saleen Automotive, Inc. (fka SLNN)

[DaReal]

Just JSJ's 50K Note = ~123M Shares

the Convertible Note issued by Saleen Automotive Inc. (the “Note”), dated October 15, 2014 in the principal amount of $50,000 with 10% interest. This note currently holds a principal balance of $50,000 and accrued interest in the amount of $_____. The features of conversion stipulate a Conversion Price the lower of (i) a 42% discount to the lowest trading price during the previous twenty (20) trading days to the date of Conversion; or (ii) a 42% discount to the lowest trading price during the previous twenty (20) trading days before the date that this note was executed

Lowest Trading price during the last 20 Days was .0007 so they can convert at .000406. BTW the 123M shares do not include the 10% interest.
Based on the given O/S they won't convert more than 13M shares at once to avoid the need for a filing...

Yeah sounds like fun to me too !!