SLNN has turned into a Pump-a-Holic carnival convention. Go ahead and put money in. All of it will end up paying these guys: Rock Capital, LLC Vista Capital Investments, LLC Coventry Enterprises, LLC (“Coventry”), JSJ Investments Inc. KBM Worldwide, Seth Kramer David Weiner Fred Knoll
who are cashing in millions of cheap converted shares. Of course these Pumpers are not putting money in, they are just trying to get other OTCBB investors to pay these Guys. How many of them either work for these guys or will get paid a percentage we will never know (without some help from the SEC).
Meanwhile, in the real world, Saleen is BANKRUPT. They owe at least ($9,750,000), much of it delinquent for months. Saleen's bank is suing them for ($300,000). Saleen owes the IRS ($650,000) delinquent payroll taxes. Saleen is being sued by a Ford Dealership in Escondido,CA for stealing seven chassis valued at ($223,000)+ legal fees. Saleen owes its vendors ($1,200,000) past due. How will they buy parts to tune cars? Saleen even owes it's customers' ($1,100,000) for deposits that they already spent on payroll and Steve's and Molly's credit cards. Saleen is losing ($814,000) a month. Who is going to pay this? Saleen has no funding.
So go ahead and put money in. Follow the hundreds before who lost 18 months ago when the share price was $1.05 or 6 months ago when it was 40 cents or 3 months ago when it was 4 cents. Now it's trading at .0015 or 1/7th of a cent. No doubt it will continue to go down under .0009 very soon. No doubt that Saleen is headed for bankruptcy court and being delisted very soon. Saleen's CFO quit. Saleen's lawyer quit. Steve is moving to Missouri to run SMI a wholly owned subsidiary of WM Greentech . They have a new plant there. The Corona, CA facility with it's $50K--$60K rent will be closed soon. Put the money in. Anyone who does will very likely never get it back.
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