Replies to post #12749 on Saleen Automotive, Inc. (fka SLNN)

[FIN85]

Thanks for the info. Glad I'm not currently holding.

[roller150]

If they are lucky maybe Jay will loan them the money to keep the company alive? :-) lol

[ronshappy]

I like what ifs... What if Saleen does something to get the note holders to not sell the shares and instead buys them out??? Or what if Saleen buys the converted shares.. So far company looks self supporting.. So a serious investor might be willing to partner with Saleen for revenue instead of stock...
Steve has done everything he said he would do so far, we just have to find a way to deal with the toxic notes that got us here..

[Arnold25764]

If those Big Conversions hit could go to 1's..IMO

[BingBing90]

Your 100% correct.


Like I said previously. They're millions in debt with many notes due.

Love the name and what the company has done with one of my top 10 favorite cars but a dilution and reverse split is the best option for Saleen.

We gotta put ourselves in the CEO's position. He needs to do what it takes to secure the company.

They are looking for more funding according to the most recent filing. It's most likely going to be preferred shares once the funded realizes how low the stock is and also because it specifically says they're considering giving someone an equity stake.