Replies to post #8214 on Saleen Automotive, Inc. (fka SLNN)

[FredVestor]

2 or 3 total in the quarter?

There are 3 or 4 guys in Saleen's prod. this combined with supply chain constraints they simply cannot tune more than 5 cars per week and this is WAY TOO FEW to sustain SLNN's burn rate.

[ronshappy]

Let me see if I understand this correctly?

Steve Saleen the CEO now has 302 Million common shares with super voting rights that were converted for $220,000 that was owed to him?

the new float is now 260 Million Shares?

-- well if Steve used the $220K to pay off the toxic notes, I'm good with it.
And it looks like 100 Million shares were diluted which we already knew. So a good PR in teh morning stating that the notes have been paid off by Steve would make me very happy!!!