Who's "We". The only reason "we are still here" is because "we" has
taken $1.7M of customer deposits to live off of rather than buying parts to tune these same customer's cars.
Also, "we" have taken $1.2M of parts from vendors and not paid for them.
Also, "we" took 7 Escondido Ford chassis and did not pay for them.
"We" also borrowed $369K from our Citizens Bank and are not paying them back.
"We" are also not paying our Bond holders back.
"We" also have neglected to pay our landlord his RENT for the last six months and the IRS $735K for Payroll taxes. "We" also are no longer paying for Workman's Compensation Insurance for our employees. So if they get injured on the job, that is their tough luck. "We" are also not paying for General Liability or Product Liability Insurance anymore so, If the place burns down or there is a flood or a plane crashed into the building or a customer sues us for defective product, "We" are out-of-business.
Also, there is no reserves for Warranty Claims, so if anyone did buy a Saleen or would buy a Saleen vehicle
they can pay to fix it.
Bragging about "still being here" when every day the doors are open are at the expense of Customers, Vendors, Employees, Creditors, Banks and Shareholders is nothing to be proud of.
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