Replies to post #11456 on Saleen Automotive, Inc. (fka SLNN)

[FredVestor]

It's straightforward. CA Global Partners are coordinating the sale of all assets and intellectual property of all of Saleen's Supercars: Saleen S7, S7R and S5S Raptor.

We have yet to know who is the seller. Some are speculating that SLNN is the seller, but this is unlikely since the sale includes chassis and an old concept car that weren't in SLNN's possesion or at least haven't been properly disclosed in their inventory.

This would mean that SLNN never own the IP of the S7 which is extremely misleading.

And if SLNN is indeed the seller, then they have some explaining to do regarding their disclosure of assets and it leaves us with the question: why are they selling IP?

Generally a business in financial difficulties selling IP is not a good sign...

As for the actual logistic of the auction here: http://cal.cagp.com/event/saleen-s7/