Replies to post #6991 on Saleen Automotive, Inc. (fka SLNN)

[guitartrader]

Great post!

[FredVestor]

You are right about most stock being manipulated on the OTC, I'm pretty sure it's close to 90%, but SLNN goes way beyond that. It's not only being manipulated, as the recent pump from the companies holding toxic notes proved, but SLNN was entirely setup to be a pump and dump vehicle.

It was brought public by bad actors, David Weiner, Fred Knoll and Eric Stoppenhagen, which are all implicated in shady companies: http://www.bloomberg.com/news/articles/2014-06-18/legal-pot-sets-off-penny-stock-frenzy.

The whole company is literally dripping with shady people. Steve Saleen was involved in 2 bankruptcies and a multitude of lawsuits. He was involve in the Chamco scam that stole millions from a dozen of dealerships.

The KBM guys, the Kramer brothers, they had to settle with the SEC a bunch of times...

Now the company is being sued by their bank, they start issuing 8K talking about first lien rights, but we should encourage people to put money in now because it is "ripped for a bounce". This is ridiculous.