Replies to post #613 on Saleen Automotive, Inc. (fka SLNN)

[wj2005]

They were not going to do r&d for the new safety standards?... What might those be?

No, his history is very relevant as again you do not know what he has done since leaving his company in 2007... As one example wasn't taking a salary for a period of time and some other things that I will not elaborate on.

There are a lot of companies that have losses year after year and yes, he could end up having problems in the future BUT there are a lot of good things to come IMO. No manufacture was built in a day so it will take time especially since the "Saleen" brand has been under his control for just a few short years after getting his name back. The rebuilding process will be a long road, something he takes very serious and is working very hard to accomplish. Don't think he us one of these CEOs living the high life and not working as he works very hard each and every day.

R&d costs are pretty much the top expense as of now with there net losses so once we can get past the r&d point with either the new super car or the electric car there will be good things to come for saleen.

[robtewms]

Thanks for sharing this info. I wondered why this well known company is traded on pink sheets. Is the money being raised for new product development or to pay the rent and keep the lights on? In any event, I entered a buy order after the market closed today. I expect my order will be filled after the opening bell tomorrow.