Saleen is producing an average of less than one car per week.
It would make more profit by selling them in California to avoid the freight cost
and the transportation time to the east coast.
But that would be smart business which is not the way Saleen works.
Ron Ward is making more profit on selling Saleen cars than Steve Saleen is for tuning the cars.
Since you do not want to believe my opinion.
Here's an opinion from Saleen's CPA firm:
"the Company is delinquent in payments of $729,314 of payroll taxes and $1,402,889 of outstanding notes payable are in default. The current cash resources of the Company are insufficient to meet its planned business objectives and operational needs without additional financing. These and other factors raise substantial doubt about the Company’s ability to continue as a going concern. As a result, the Company's independent registered public accounting firm issued a report on our March 31, 2013 financial statements that raised substantial doubt about the Company's ability to continue as a going concern.
The Company’s ability to continue as a going concern is dependent upon its ability to raise additional capital and to ultimately achieve sustainable revenues and profitable operations.
Please now question the CPA firm as part of the conspiracy to bring down Saleen.
I underlined the words delinquent , default and substantial because these are the harshest words a CPA can use when writing an opinion regarding the financial condition of a company.
They are code words to investors that the company is bankrupt.
So go ahead and invest in Saleen. Just stop recommending to others to also invest to bail you out.
Some of these comments are my opinion.
Some are the CPA 'Firm who produced the audited financial statements .
Invest based on your own research and conclusions.
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