Replies to post #30523 on Saleen Automotive, Inc. (fka SLNN)

[JW4]

After seeing the size of the project in Jiangsu, I would say $100 million is way underestimating it. Maddening to say the least.

[Garyedward71]

Everyone needs to look up Executory contracts and bankruptcy to understand the significance of what I've just proposed. Do some studying!

[Mcab40]

The China royalty compensation agreement you describe is completely ridiculously over valued.
Do you know how many billions of dollars in cars would have to be sold to generate a royalty of $100M from China to Steve? Get real. Just try getting paid by the Chinese on a royalty agreement. Ha, ha ,ha never going to happen.

Secondly, if any royalties were paid to SMI aka as Steve Saleen, none of it would ever be recorded to Saleen Automotive (SLNN). Never, Never, Never. For lots of reasons. SMI was set up specifically to avoid the Royalties from going to Saleen Automotive (SLNN) otherwise why set it up another entity in the first place? Another small fact is that Saleen cannot sell OEM vehicles in China. Also, he cannot transfer funds received in China back to USA without heavy taxation. So the whole China fantasy is a bad joke. The idea that their are China shares makes no sense because it's described as a Royalty Licensing agreement with Steve, not a share commitment from China. Anyone mentions or believes Saleen + China = Anything but a lark is a complete fool in my opinion.

[mikeystrat]

I hope that is not the case. I fear it is. I hate the idea of Steve walking away with millions. Even though I lost about a six pack of decent beer, it still bugs me.

I've had problems with the backdoor float from the beginning. It didn't make sense. Who would do that? I have another scenario percolating but I'm not willing to share it yet. It involves, Amy, the float and the recent production and PR. You can probably figure it out.