Replies to post #11660 on Saleen Automotive, Inc. (fka SLNN)

[AutoInvestor]

It is also pretty clear that 1) GTA just built a new facility:


2) Saleen is 6 months delinquent on their rent payments in Corona, CA

3) Saleen's chief and maybe only Engineer, Sven Etchenberger left Saleen in April

4) Where are those Mustang Chassis?


The writing is on the wall. Just connect the dots and you can see where this is going.....
Mississippi...

[FredVestor]

This is not true. You forget that when Saleen accepted the $500k royalty advance, they included an amendment to their IP rights so that they immediately cede in the invent of a bankruptcy. That's al IP rights, not just Asia.

They will have difficulties to enforce that, but anyway, the plan is clearly to give an heads up to GTA when it comes to that so they can pick up IP.