Saleen Automotive, Inc. (fka SLNN)

[FORTY-8]

Surely you read THIS as well ... which was contained in the article whose link you posted:

"[T]he deal also includes up to $2 million in senior notes that pay 12 percent, and up to $8 million in preferred stock that will ultimately give the lending group 61 percent of publicly traded Saleen.

Cyrano Group’s David Bergstein, who’s credited with negotiating terms for SM Funding, also exacted a two-year, $25,000-a-month consulting fee for his advisory firm. At the closing, meanwhile, Saleen Automotive must take out a $15 million “key man” insurance policy on its founder, who was a professional race-car driver before going into the car-customization business in 1984."

It would appear that Mr. Saleen --- whom I've always had a grudging respect for --- has entered into a 'Jurassic-Park-Deal' ... with a drooling bunch of RAPTORS.

P.S.: This posting is merely my humble opinion ... nothing more, and nothing less.