Positive? Not one thing is positive, the stock itself is not going to move up trend wise, sure maybe a short pump on bullshit but nothing overall as they have already approved the raise of the AS to 2.5 billion. That is required by Nevada statutes and there is nothing here to stop the toxic debt that is about to be converted to common shares. Dilution is still going to happen and to the tune of billions of shares at this point. They cannot pay their debts, they are in court and in default on much of it. They are only getting toxic financing at this point, which doesnt solve the financial issues already happening.
The quarterly didnt improve on anything, they slashed their overhead and nothing more, all this does is paint a pretty picture. But the reality is the company is financially done, it is just a matter of time before declaring bankruptcy, they will draw it out as long as they can sell stock to the unaware. The stock and the company are two entirely different subjects, one will continue on regardless of whether Saleen survives or not, that is how shells work.
Shareholders of this stock will not receive any value unless they are flipping this on the backs of those who know nothing of OTC pinks at this point. That is the bottom line.
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