Of course SG&A is down since they laid off a bunch of people and revenue went down, of course the rest follows. This is getting ridiculous.
Hey guys! Have you seen how Saleen managed to cut expenses by selling a lot less cars and laying off people? Man this company is going places.
This is literally the logic here.
It takes money to make money? Well the company is down to only $21,000. Where's all the money from selling all these cars they received from the greentech royalties advance? Gone.
The company is behind on converted shares, and unlike some have claim, only half the shares have converted yet.
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