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FredVestor

02/22/15 11:47 AM

#4765 RE: wj2005 #4764

Broken record? Please link to a post where I said that without mentioning if they would not raise more money.

AutoInvestor

02/22/15 1:46 PM

#4782 RE: wj2005 #4764

Saleen will be CLOSED. It's just a matter of a small amount of time.
Only continued borrowing will keep the SCAM alive.
Saleen is losing ($814K) per month. Saleen will run out of lenders.
It must be increasingly more difficult to raise funds given Saleen's terrible financial performance.
Saleen is not a real business. The lender keeping the SCAM alive by
trading dollars for Millions of converting Shares and betting that Steve can hype the stock up
and attract enough auto enthusiast investors to purchase the stock at a higher price than
he converted the debt for.
Pure SCAM that will backfire. David Weiner will not keep
putting money in and the Customers, Vendors, Banks, Employees, IRS and other lenders will want their money
or property back and that will be the end for Saleen.
These comments are my opinion.