The China royalty compensation agreement you describe is completely ridiculously over valued.
Do you know how many billions of dollars in cars would have to be sold to generate a royalty of $100M from China to Steve? Get real. Just try getting paid by the Chinese on a royalty agreement. Ha, ha ,ha never going to happen.
Secondly, if any royalties were paid to SMI aka as Steve Saleen, none of it would ever be recorded to Saleen Automotive (SLNN). Never, Never, Never. For lots of reasons. SMI was set up specifically to avoid the Royalties from going to Saleen Automotive (SLNN) otherwise why set it up another entity in the first place? Another small fact is that Saleen cannot sell OEM vehicles in China. Also, he cannot transfer funds received in China back to USA without heavy taxation. So the whole China fantasy is a bad joke. The idea that their are China shares makes no sense because it's described as a Royalty Licensing agreement with Steve, not a share commitment from China. Anyone mentions or believes Saleen + China = Anything but a lark is a complete fool in my opinion.
