Replies to post #4751 on Saleen Automotive, Inc. (fka SLNN)

[FredVestor]

Both Autoinvestor's and my knowledge about Saleen was more than enough to predict the fall of the share price from from $0.50 to now $0.02. More than we can say about someone who said that $0.30 will be the bottom and that 2014 will only go up.

That's SLNN's 2014 for you:

[AutoInvestor]

If you can read and interpret financial statements
SLNN's 10Q does tell you Saleen's production numbers.
The revenue on Saleen's 10Q = sales of 7, 8 or 9 cars.
If one sale was a Tesla (who knows) then Saleen only sold 7
Mustangs or Camero's or Barracuda's.
The $152K of inventory on the Balance Sheet indicates that Saleen
can only produce 2 or 3 cars. The $95K of cash indicates that
Saleen can only buy enough inventory to build maybe 2 cars if Steve does not
pay for Wages, Rent and delinquent debt.
So Saleen's own data tells any investor who can read financial statements
that Saleen cannot and will not sell more than 5 cars in January without additional financing (more debt & dilution of stock). So why would anyone purchase stock that is guaranteed to go down?
The supply of seller stock (29M shares) exceeds the demand from buyers (1= you alone)
so the price will have to come down.

These comments are my opinion.