Saleen Automotive, Inc. (fka SLNN)

[MightyBull]

SLNN Math

1500 Saleen 1 cars are scheduled to be produced in year one according to the latest press release. Priced at $100,000.

1500 * $100,000 is $150,000,000 in potential sales in year one.

Estimating a profit margin at 25% based on some quick DD of high end Jaguars as a baseline. That is in the ballpark of $37,500,000 in profit.

Now reverse split at 45 to 1 to trim down to 100,000,000 shares according to this post ...

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=137148665

$37,500,000 / 100,000,000 = $0.375 per share roughly after the reverse split. Didn't factor in a P/E multiple or any debts or anything else. Just roughly estimating what could be if 1500 Saleen 1 cars sell in year one and this stock comes back from the dead.

Suddenly I am interested if SLNN will indeed make a comeback.