Replies to post #11476 on Saleen Automotive, Inc. (fka SLNN)

[BigBake1]

The controlling interest doesnt mean squat, he is busy converting the shares:

As of March 31, 2015, the notes were convertible into approximately 106,214,457 shares of our Common Stock. From March 31, 2015 to the filing of date of this Form 10-K, $285,920 of principal and $16,594 of accrued and unpaid interest had been converted into 355,303,951 shares of our Common Stock. Based on the closing price of our stock as of July 13, 2015, the notes were convertible into approximately 314,000,000 shares of our Common Stock.

He has already exhausted the current AS and will be raising it to continue to dilute this thing.

This stock isnt about his business, it is about transferring debt to unaware shareholders and nothing more.