Replies to post #10753 on Saleen Automotive, Inc. (fka SLNN)

[pack10]

You got it right Nadendia. I can see penny land from where I sit.

[FredVestor]

Nah I think that's just abunch of hype. Saleen was involved in 2 bankrupt companies. I don't see how this one will turn any different.

The brand and all that doesn't matter at all when you have no money.

Their bank is suing them because they can't pay their loan for 2 years and they don't want to give collaterals.

When you can't pay back your loan and you don't give them the promised collaterals, then you will get shut down by the law. It's plain and simple.

Saleen's only hope is a big cash injection. Now the question is who would put that money in Saleen and why...