Replies to post #30331 on Saleen Automotive, Inc. (fka SLNN)

[Mcab40]

Real Product? Electric Tesla? NO, S7R? NO, S5? NO, Camaro?NO, Challenger?NO.
Saleen is Only producing a few Tuner kits to assemble to Mustang chassis.
No reason for a small tuner company to go public and issue 4,500,000,000 shares.
SLNN is the definition of a stock selling SCAM.

In my opinion,their is NO legitimate reasonable explanation for a garage with far less sales than a corner gas station to go public and issue 4.5Billion shares and then deliberately fail to report their financial statements to the shareholders they sold their stock to. They are trying to pay off their debt and live off the public shareholders rather than generating sales and making a profit for their shareholders. It's far past rediculous at this point. The only reason they keep announcing new models is to pump the stock. They never deliver on the products they pumped in the past. Eventually, the SEC and/or FINRA will catch up to Saleen and shut the trading down, in my opinion. No company can keep issuing shares to the public and NOT reporting to their shareholders. That is the SCAM.