Replies to post #5659 on Saleen Automotive, Inc. (fka SLNN)

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Maybe because they haven't listed a 8k is because they dont meet to?
They are not going to file an 8k just because.

SLNN is required to file an 8-K within a very short period of time of when they have entered into any binding agreements that relate to Cash. Weather it's additional Debt or a reduction of Equity, it must be reported. Saleen has no choice.

So there is no scare at all. They are focusing on building cars. Isnt that what they are suppose to do???

Saleen's Production Group should focus on building cars. Saleen's CFO and CEO need to make sure that they fund the company Short-term and Long Term.
Investors and Stock Analysts are a bunch of skeptical chickens. They fear what they do not know. The longer SLNN goes without disclosing how they are financing the company (ST & LT) the more doubt they place in the minds of the investors. That doubt can and will trigger a sell off from the existing shareholders and a fear to buy from any new potential investors.
The other issue for Saleen is that if their current creditors (IRS, Bank, Vendors, Lenders) do not think Saleen is going to pay them by finding a new funding source, they will go to court to try and collect what they can. Saleen needs to disclose funding to keep their creditors from forcing Saleen into Bankruptcy. Honestly, I have never seen the IRS give any Business this much time to pay back the delinquent Payroll Tax. This is a very high risk problem for Saleen.

That is the real world of finance. Waiting and non-Disclosure generate fear. Fear generates sell off of stock.