Saleen Automotive, Inc. (fka SLNN)

[Mcab40]

Evidence Points to DESPIRATION PR announcement in my opinion.
No 8-K filing with the SEC indicating that NO investors are funding Saleen.
With mounting DELINQUENT debt and no ability to raise funds on the OTC,
Saleen needs Large DEPOSITS to prevent lawsuits from the customers who
already paid Saleen $1.2M which has been spent. Saleen also needs to pay Rent & PR taxes + vendors.

In my opinion, Saleen issued this S7 announcement for two reasons:
1. Urgent need of Large Deposits to keep creditors from filing lawsuits
2. Hoping to connect to a high net worth S7 buyer to try and acquire funding

Based on Saleen's last 10-Q Saleen has insufficient cash to mount development of an S7 Program.
Saleen does not have the Engineering talent or the Production Staff talent necessary to build a ground up new S7. Saleen does not have the equipment or the Vendor base required to produce S7's.
So, In my opinion this is a last ditch MONEY GRAB to get large deposits to fund procurement of Mustang and Camaro parts to prevent lawsuits from customers who have been waiting for cars they already paid deposits for that Saleen has no parts for.
Not likely that a deep pocket Supercar buyer would not notice Saleen's financial condition before writing a big deposit check. Just my opinion based on the information available.