A strong buy? Please explain how a company that's beyond broke, 10's of millons in debt, getting sued from all directions for not paying bills is a good buy?
SLNN's share price really takes a beating today. Down (32.4%) to it's lowest share price ever of .0023. The sell off continues as the converted shares are being cashed in at any price they can get for them. Millions of shares remaining to be cashed in with another 30M+ shares converting in June. This stock price will keep going down because the lenders are guaranteed to always be selling at a lower price than the market. They just get to convert more shares to get = cash.
Saleen's CEO- Steve Saleen and CFO-David Fiene poisoned SLNN's stock and killed the OTCBB investors with these convertible notes with deep discounts.
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