Replies to post #30597 on Saleen Automotive, Inc. (fka SLNN)

[DirtyPenny]

If this were any kind of real entity, doing all these great things, why would the share price remain in the trips for around 18 months, even before the suspension? why no official word via an 8k from them regarding this matter, i would think this qualifies as a material event, probably the biggest in this failed company's history, yet pfft, not a word to the shareholders. this is probably the last go around, enjoy the swirl

[Mcab40]

Just the opposite. Saleen produced 1 Electric Tesla and hyped the hell out of it for six months.
Saleen announced 7 S7Rs which they have zero capability of manufacturing and posted pictures of an old S7 composite frame from 2005 held up by Saw horses and have not produced even 1 car. Saleen produced 1 Police Car which they donated to the Corona police department (as if they can afford to give cars away for free) and publicized the hell out of it. Saleen has published pictures of every car they sold over the last year (3 or 4 Mustangs). Saleen publicizes it's relationship with China with Zero information about how revenue comes back to the SLNN shareholders. Just Hype.
This is NOT an automotive production company that should be a publicly traded company. This is an Automotive PR Company that promotes new vehicles as it concurrently authorizes and issues billions of SLNN shares into the OTC Market. That is the definition of a SCAM. In my opinion. They attempt and put more effort into selling SLNN shares rather than Saleen cars.

[BigBake1]

Uhhhhh actually by legal terms it is. Doesn't matter what business was occuring, the public share side was in fact a scam.