Lets stop singling out Steve Saleen and instead take a look at the big picture here. And when we look at the big picture, one must come to the realization that this dilution scam is the way that our entire country has been financed. President Richard Nixon signed away the integrity of the US Greenback when he took us off the silver standard. Without a dollar fixed to a solid asset such as silver our currency was subjected to massive dilution. This is very similar to the situation we encounter when purchasing any investment from a NASD affiliated bank. The wealthy hedge their positions, banks such as KBM effectively attach preemptive rights to their investments as one of the means of preserving their equity ratio.
Instead of blaming Steve Saleen, lets blame ourselves, we didn't do proper "DUE DILIGENCE" for if we had done so, a big red flag would have popped up. If we had done a proper "DUE DILIGENCE" it would have started with an investigation of the NASD, NASDAQ and the general banking practices employed by the investment banking industry. Upon a proper examination of this industry and its reputation, it should have become apparent that you compromised your better judgements when you even considered investing in any business affiliated with the NASD. It's my opinion that the Federal Reserve Bank, NYSE, and the whole NASDAQ banking system was contrived by the worlds greatest criminal minds. In fact, the trading platform that was adopted by, and became NASDAQ was designed by Bernie Madoff.
In retrospect, I think Steve Saleen should have been honest with his investors and given us a "A first right of refusal" secondary offering when the stock was still trading for $.05 for $1,000,000 or 20 million additional shares. This would have been far more advantageous for the investors. Lets face it the inevitable alternative option is what we have now. Our only hope of any recovery of our money and potential profit is to dollar cost average down. So as investors we ended up paying the loan sharks the $1 million anyway, the only difference is we payed far more and SLNN got far less. This whole fiasco ended up irreparable damaging the corporate share structure. I am really sick and tired of these continuous 8k offerings that always seem to undermine and make a mockery of their investors, with endless dilution and offering better prices than we're supporting the share price at.
So we have two options we can either come up with something better or we can join them. There's nothing stopping us as investors from contacting an attorney and setting up our own loan sharking investment bank. When I took the series 7 exam, every bank and law firm that was used in the instruction manual had a diabolical evil name, they were names like Jippem & Fleece, Churnem & Burnem etc. So here is my proposed name for a loan sharking venture capital bank, Sodem and Robbem Venture Capital our motto "We Really Don't Care" At this point we can all conclude that giving any money period, to any NASD affiliated bank or corporation is an absolutely stupid idea.
AI
