Replies to post #31933 on Saleen Automotive, Inc. (fka SLNN)

[rudiger]

It has something to do with company ownership and insider trading. Seems that the cfo/coo is like 10% owner now. But I'm not a 100% present shure.

[wj2005]

Who Can File SEC Form 3: Initial Statement of Beneficial Ownership of Securities?
The company insider must file Form 3 with the SEC no later than 10 days after becoming affiliated with a company.

The SEC lists the following who are required to file Form 3:

Any director or officer of an issuer with a class of equity securities
A beneficial owner of greater than 10% of a class of equity securities
An officer, director, member of an advisory board, investment adviser, or affiliated person of an investment
An adviser or beneficial owner of more than 10% of any class of outstanding securities
A trust, trustee, beneficiary, or settlor required to report