Reality Racing Inc (RRGI): All of this talk that the Schaefers some...

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Flatsixer

Re: None

Monday, 07/23/2007 7:57:54 AM

Monday, July 23, 2007 7:57:54 AM

All of this talk that the Schaefers somehow may have been slicked by a couple of stock sharps because of inexperience is interesting opinion.

I've noticed that in one of the July2002 filings for Patrick Schaefer's now defunct World Roller Alliance that he founded as CEO back in 2001 there are some interesting notes to the document. Sound familiar?...

"Item 26. Recent Sales of Unregistered Securities

The following sets forth information concerning unregistered sales of
common stock of World Roller Alliance. These were unsolicited transactions and
did not involve any public solicitation or advertisement in any way. During the
period from April 1, 2002 through May 15, 2002, we issued an aggregate of 1,500
shares of WRA common stock for services valued at $1,500. These shares were
issued in reliance on an exemption provided for under Rule 504 of Regulation D
of the Securities Act of 1933, as amended.

In April of 2002, we issued 700,000 shares of our common stock to Action
Stocks, Inc., pursuant to Section 4(2) of the Securities Act of 1933, as
amended. The 700,000 shares were issued pursuant to an Agreement For Services
entered into between WRA and Actions Stocks (a copy of the Agreement has been
included in the Exhibits filed herewith). The Agreement provides that Action
Stocks shall, upon the Company's closing on the minimum offering, assist us with
gaining our listing on the OTC-BB for secondary market trading. In addition,
they shall assist us by introducing us to market makers who may file our Form
211 and who may participate in secondary market activities. Action Stocks will
provide us with a promotional campaign which shall be used to disseminate
properly disclosed material corporate information about our company and to
create market awareness of our company. Action Stocks shall not act as an
underwriter or broker/dealer in connection with the offering. Four hundred
thousand (400,000) founders shares previously purchased shares were returned to
treasury."

http://sec.edgar-online.com/2002/07/30/0001108017-02-001724/Section23.asp

Flatsixer

Flatsixer2@Yahoo.com