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BigBake1

10/28/15 11:26 AM

#12878 RE: DaReal #12863

Exactly, those who have really read the actual exhibits understand that even if this goes through Saleen is no longer a shareholder company. All assets will be given away to the funder. Additionally $25,000 per month has been added in burn rate for "consultation services", there is absolutely nothing good with the agreement for shareholders. The bank debt isn't resolved and cannot be grouped with the other debt holders as per agreement. It is a really BAD agreement when you actually read the terms.

It is almost like reading a really bad pay day loan, except much worse.