Replies to post #5483 on Saleen Automotive, Inc. (fka SLNN)

[FredVestor]

This is painfully inaccurate:

A lot of the shares traded sub $0.01 were bought and at the low price yesterday it was all purchases not sold.

A lot of the shares? Are you saying that some traded shares weren’t bought? Every share traded was bought. This is the very nature of a transaction. If there’s a trade, there’s someone buying and there’s someone selling.

What’s important here is the spread and where most of the volume traded. A lot more people are asking to sell their share than there are people biding to buy them. This is consistently shown in the declining PPS.

It is a fact that people with large amounts of SLNN shares are dumping at whatever price they can get.