This doesn't give Saleen (the company) any more money. they will still need a ton of financing. A takeover is still not out of the picture.
And his new found majority holding will not last long. Just today KBM can start converting up to 60 million more shares and another 100 million July 6th.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.