Saleen Automotive, Inc. (fka SLNN)

[FredVestor]

You obviously haven't read the bank's suit. The change of control, which has been proven BTW since Steve had to convert $220k in debt to regain a controlling share, meaning he lost it at some point, is just 1 of the 9 complaints the bank is making and not nearly the gravest one.

You are only repeating what Saleen says in the 8K disclosing the suit which is a blatant misrepresentation of the lawsuit which is quite serious.

I suggest reading the whole lawsuit which can be accessed here: http://pdfsr.com/pdf/slnncitizen

much more informative than Saleen's 8K.

Saleen owes money to the bank. This is a fact. Saleen can't or won't pay this is a fact.

This is the second lawsuit the bank is presenting to Saleen, the first one got settle with an extension, but then Saleen again couldn't pay after the extension was over.

This doesn't bodes well for Saleen.