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Author is an extremely successful businessman and inventor with something like 30+ years of track record running business in US without defrauding anyone. I wi

by tlear 6y ago

Author is an extremely successful businessman and inventor with something like 30+ years of track record running business in US without defrauding anyone. I will believe him over PRC propaganda any time.

beaunative 6y ago
Those business transactions could be easily verified. Had he been such a successful businessmen, why was their initiative failed so miserable as he himself acknowledged when the said fund is provided in full? He quite literally burned 100 million dollars over the course three years without the company being operational sustainable let alone profit, in what scenario would an investor be ok that their actual 100 million us dollar all turning into dust? His own operation here in the US are bankrupted as well, in what sense is that a successful business? or that he is a successful businessmen? All of those are year old material existed on the internet before his wsj piece. You should be easily able to find more. Following the bankruptcy, a company's asset will be liquidated. He also claimed the government filed patents without his consent, while it's the company he worked at filed and owned those patents, it's the company's property from the beginning, that's how it works, surprised? get a job. any financial investor would require how it should be done. Be reminded he have 100 million cash in hand to spend, while 'technology' was valued at 100 million too, with two parties each owning half of the company, which can't be said to be a bad deal. https://www.autoevolution.com/news/saleen-might-file-for-bankruptcy-owes-millions-according-to-us-sec-filing-89360.html https://www.autoevolution.com/news/saleen-might-file-for-ban...
beaunative 6y ago
BTW. There exsited over hundred start-up EV manufactures (who received investment) in China since around 2014. About 40 of them still exist as of today with the top 5 claiming over 90% of the market share (that does not include traditional car makers expanding their business). It is the most fiercest competition you could ever see and a powerhouse of innovation. Those information should be easily available to you had you know any VC person following this track. Even if the author is presumably a 'sucessful businessman' by any definition. Ask how many of those failed ventures have a 'sucessful businessman' as their leader.

by tlear 6y ago

beaunative 6y ago

Those business transactions could be easily verified. Had he been such a successful businessmen, why was their initiative failed so miserable as he himself acknowledged when the said fund is provided in full? He quite literally burned 100 million dollars over the course three years without the company being operational sustainable let alone profit, in what scenario would an investor be ok that their actual 100 million us dollar all turning into dust? His own operation here in the US are bankrupted as well, in what sense is that a successful business? or that he is a successful businessmen? All of those are year old material existed on the internet before his wsj piece. You should be easily able to find more. Following the bankruptcy, a company's asset will be liquidated. He also claimed the government filed patents without his consent, while it's the company he worked at filed and owned those patents, it's the company's property from the beginning, that's how it works, surprised? get a job. any financial investor would require how it should be done. Be reminded he have 100 million cash in hand to spend, while 'technology' was valued at 100 million too, with two parties each owning half of the company, which can't be said to be a bad deal. https://www.autoevolution.com/news/saleen-might-file-for-bankruptcy-owes-millions-according-to-us-sec-filing-89360.html https://www.autoevolution.com/news/saleen-might-file-for-ban...

beaunative 6y ago

BTW. There exsited over hundred start-up EV manufactures (who received investment) in China since around 2014. About 40 of them still exist as of today with the top 5 claiming over 90% of the market share (that does not include traditional car makers expanding their business). It is the most fiercest competition you could ever see and a powerhouse of innovation. Those information should be easily available to you had you know any VC person following this track. Even if the author is presumably a 'sucessful businessman' by any definition. Ask how many of those failed ventures have a 'sucessful businessman' as their leader.