Saleen Automotive, Inc. (fka SLNN)

[TheTruth999]

The death spiral convertible debt holders need liquidity to get out. I suspect that prices lower than $.0002 scare them because it's so close to no bid, and no bid scares retail away. Gotta keep the retail buyer around, because no legit institutional money would ever venture here. Even the death spiral guys need higher prices, for any next round. Another 99% drop is mathematically impossible from here while maintaining liquidity. That's why I think a reverse split is inevitable. Something like a 1:10,000 split to bring the share count down to 8.3 million from the projected 83 billion, but more importantly drive the share price back up over 10 cents.