Replies to post #30847 on Saleen Automotive, Inc. (fka SLNN)

[QuickDeal]

What good does it do then, shares w/o trading?


And SLNN gone private means they report to no one. So the shares is practically worthless IMO. Like I say earlier, if SLNN issue me a cert, I'll just hang it on the wall for souvenir sake. LOL!

All share holders still own the stock. Yes it cannot be trades but they are still owned.

[DirtyPenny]

you own toilet paper now, enjoy the swirl

[BigBake1]

The stock "owned" has no value as it is no longer related to an actual business. The public business ceased to exist as of today. The shares cannot be redeemed nor traded in any capacity, unless you have a physical certificate there is absolutely no method of any further transactions going forward.

What is in your account is an electronic CUSIP under your brokerages name that will eventually be removed as it is no longer going to be in CEDE at the DTCC.

The only value for anyone left holding this as of today is the tax write-off that can be taken on their 2017 taxes and that is it, and that is only $3000 per year. There does not have to be a sale to take advantage of that due to today's revocation.

Enjoy!