Saleen is losing ($814,000)per month and spending ($1,033,000).
Saleen needs to tune 85-90 cars per month just to break-even and
they are producing 9 cars per month. So they are 76---81 cars short
of just breaking even on cash. Without funding Saleen is DEAD
Saleen should have shut down months ago but David Weiner and KBM
Worldwide bailed them out with toxic high interest loans.
Now neither Weiner or KBM will lend Saleen anymore money.
Saleen is limping by on customer deposits but that will catch up to them.
Just because they built a few cars and took a bunch of pictures does not
mean they are any where close to the volume they need to be at to actually
pay their bills. The debt is growing every day. That will end soon when they
are shut down by their creditors or they miss another payroll.
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