Saleen Automotive, Inc. (fka SLNN)

[FredVestor]

Yeah exactly. A lot of OTC stocks do just that and a lot of OTC stocks fail too.

Bulls main point is that SLNN is different and that they are a "real company". No they are not. They are just like any other OTC POS who keep diluting thier stock.

But beyond that, SLNN share structure is especially poor.

I mean just 3 months ago there was 170 million outstanding shares, now there are over 460 million. That's just in 3 months and with little playing room with 500 million authorized. Now if they get 2.5 billion authorized, can you imagine the damage they can do?