Saleen Automotive, Inc. (fka SLNN)

[BigBake1]

I don't think you understand the purpose of why they went public, they are an insolvent business, they burned all of their creditors in multiple ways. Their only access to cash was to RM into an empty penny stock shell, in order to receive cash, they sell debt to a VC who is not interested in investing in Saleen. They are only interested in short term loans at ridiculous borrow rates paid out by free trading shares.

Nobody in this process is investing in Saleen the company, it is a money laundering scheme to bilk the unaware and unsophisticated OTC Market investors. The cash from the VC goes directly to pay Steve and keep the doors open to produce an image of operations. The fact that those who bought common shares on the open market believe they are investing in a company is a fallacy. Instead they are paying the VC extraordinary fees to loan money for 6 months at a time. That individual is not the originator of the debt and therefore has not given any consideration to qualify for Rule 144.

Its a scam and always has been.