Replies to post #4967 on Saleen Automotive, Inc. (fka SLNN)

[ronshappy]

Ive been doing some digging tonight.. I've formulated a few hypotheses. First the big concern, a few people are casting doubt publicly on wether saleen will deliver any saleen black 302's. This is a bad thing to say publicly. They say it's a known fact that saleen is on the verge of bankruptcy, and to be cautious about giving saleen any deposit. Well I may have an idea of what saleen is up to, they said they will pay the gas gussling tax if orders are placed before April. Well if saleen gets a bunch of advanced orders they should be able to pay off the note holders and avoid any toxic share conversions. What is not known is if saleen has already been getting orders for the yellow 302, a step down but still very impressive. I can bet that if saleen releases a press release saying that the notes have been paid off the stock will skyrocket.. everyone will be eating their words. Right now the black saleen 302 is the leader in the race. And saleen has an amazing following. Now we sit back and wait... Though I would ask that saleen publicly announce when they have secured 20 or so orders. It would 're-establish shareholder faith.

[jdivad]

Yes. Also highlight how inept Hancock Park Associates were. When HPA sold the Saleen parts and demo cars, changed the company name to PNXT and told all the creditors to "buzz off." Yes, this is the group you want making investment decisions for you.

There is no telling of the millions they ran out on that were due.