The SLNN shareholders will never see a shareprice bump from the SMI royalty agreement with GTA and China. In my opinion, that seperate agreement was deliberately set up to so that Steve could get a personal royalty for the use of his name in China. Any Royalty penny's will never be deposited into Saleen's (SLNN) bank account. It would be paid to SMI and flow straight to Steve, in my opinion. Why do you think he hired a new President /COO Amy Boylan? Steve bailed out on Saleen and is chasing any royalty payments he can get from China now. He cannot pull cash out of nearly bankrupt Saleen.
Saleen CANNOT legally sell new Mustangs, Camaro's, Challenger's or Tesla's in China. It's illegal and Ford, Chevy, Dodge or Tesla would sue Saleen into the ground if they tried to distribute their cars in China. Saleen could never get an export license to ship a new tuned chassis outside the USA, because those Chassis were manufactured by the US OEM not Saleen.
Any Royalty payments earned from China sales will Never show up on Saleen's Financial Statements. Just another reason for Saleen to avoid reporting their financials to the Saleen shareholders. Any Saleen Shareholder thinking that any business activity in China would lift the SLNN share price is a FOOL, in my opinion.
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