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FredVestor

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FredVestor

Re: None

Tuesday, 07/14/2015 6:39:44 PM

Tuesday, July 14, 2015 6:39:44 PM

Post# of 32163
Real ugly problems in this 10K. A big obvious one is that Saleen is not paying back convertible note and admits they are running out of authorized shares:

the Company is in default of such reserve requirements due to insufficient availability of authorized shares to fulfill the note holders’ reserve requests.



They say 460 million outstanding now.

This is hilarious. Can't say I haven't warn people.
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