Replies to post #30803 on Saleen Automotive, Inc. (fka SLNN)

[bewenched]

Because shareholders will still be shareholders, but in a private company. If the stock is de-listed permanently.

[QuickDeal]

Maybe the brokerage doesn't allow the sale?

As others have reported, they can't put a sell order.

For me, I just let it goes into the abyss. If lucky, after SLNN goes private, I might just receive a cert stating I'm a shareholder. Frame it up & hang on the wall. LOL!


Maybe SLNN wants to delist & reorg. After that then re-list it as a brand new co. with new shares structure in a new name. Start everything afresh, a clean slate, a new beginning. JMO.

Why wouldn't there be more people selling at .0001 here? It was easy for me to sell some today as a test. Something always smells fishy. Why hold through a delist? Although I am tempted to let some shares ride just for fun. Something doesn't add up with the statement in the 8k about reapplying to trade at the end.