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FredVestor

06/13/15 9:06 PM

#7732 RE: wj2005 #7731

exactly right... plenty more time to keep falling.

AutoInvestor

06/13/15 9:41 PM

#7733 RE: wj2005 #7731

All Saleen has to do to have a great year is:
1) Find a lender willing to loan money to a bankrupt Saleen
2) Avoid being shut down by the IRS for failure to pay $650K of delinquent payroll taxes
3) Avoid being shut down by their bank for defaulting on a $300K note
4) Avoid being shut down by Ford of Escondido for stealing seven chassis valued at $223K
5) Avoid being shut down by 16 customers who put down $1.1M of deposits and have not received their cars
6) Avoid being shut down by their vendors who they owe $1.2M over days delinquent
7) Avoid another layoff for non-payment of payroll due to not having enough money in the bank
8) Avoid being shut down by the SEC for executing a fraudulent Pump & Dump scheme
9) Avoid being shut down by the SEC for running a Ponzi scheme by using customers' deposits to cover their payroll and then not having enough cash to buy parts to tune cars
10) Avoid being sued by Ford, Chrysler, Dodge and Tesla for trying to sell US OEM cars to China without written authorization
11) Avoid being shut down by U.S. Customs for exporting US OEM cars to China
12) Avoid being sued by OTCBB shareholders for violating their obligation to make decisions that protect shareholders assets and destroying the value of their shares by conversion debt deals that flooded the market with cheap shares

There is much more but needless to say Saleen will be shut down well before the end of 2015.