Saleen Automotive, Inc. (fka SLNN)

[DaReal]

You should blame the Management, they are the ones who sign these toxic Debt Notes because they can't get any other loans anywhere else.
Just have a look at the Q's and K's, even without the Loans this CO isn't making enough money to keep the daily business running.

It's easy to blame the Lenders but its the CO that is signing those contracts well aware of the fact that it'll hurt their Shareholders very badly if they don't pay them back and conversion starts to hit. But well it's their last resource to some $ since no Bank will give them a loan after looking at their books.

Imo plain and simple -> The CO is fully aware of the Fact that shareholder will get hurt as soon as the conversion is starting.

Get rid of the toxic lenders and at least 70-80% of the OTC Stocks will disapear with them, since they can't get any $ to run their share selling Businesses, no matter if real Co or shell...