Early on I emailed them and got a decent reply. 12/2017 - see below is what they sent me. Their recent newsletter November 2018 is completely consistent with what they said they were going to do way back then, they look like they are carrying through. They have done a remarkable lot of things in one year, it appears.
I dunno - looks pretty good to me. Heck what am I gonna do if its not? Here's to hoping, anyway :) call me forever optimistic, but this is what investing in penny stock is all about, right?
Dream about $200 per share - yeah right... But they do appear to be doing what they said they were going to do.
12/2017, here's what they wrote:
"Your shares are still valid and we do plan to re-register our stock. For the past four years, since becoming a public company, Saleen Automotive has continued to build iconic muscle cars and other high performance vehicles. Although cars built under the Saleen brand have been leaving the competition in the dust for over thirty years, the current company has envisioned a new future, with an expanded vehicle lineup including electric cars, high performance sport trucks and a new generation of supercars, to go along with our beloved muscle cars.
Growth and expansion require capital so, earlier this year, as outlined in our 8-K filings, the Company announced a financial restructuring plan to fuel this growth. The recent delisting of our common stock will allow us to finalize this plan and continue our growth. Upon completion, we are planning to re-register with the SEC, including filing of company financial statements, and resume public trading of our common stock. We believe that this process will lead to a stronger and more successful company in the years ahead."
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