Reality Racing Inc (RRGI): Notice anything from that WRA filing tha...

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Flatsixer

Re: None

Tuesday, 07/24/2007 8:12:12 AM

Tuesday, July 24, 2007 8:12:12 AM

Notice anything from that WRA filing that sounds familiar now regarding RRGI?...

" Item 26. Recent Sales of Unregistered Securities

On September 18, 2001, we issued 200,000 shares of common stock to
Conceptua, Inc., in exchange for various services at a price of $1.00 per share.

On September 18, 2001, we issued 200,000 shares of common stock to D.P.
Morton & Associates, Inc., in exchange for various services at a price of $1.00
per share."

On September 18, 2001, we issued 200,000 shares of common stock to LDV,
Inc., in exchange for various services at a price of $1.00 per share.

On September 18, 2001, we issued 200,000 shares of common stock to MJM
Group Holdings, Inc., in exchange for various services at a price of $1.00 per
share.

From page 35 of that WRA SB-2 filing...notice some familiar terms?...

Corporate Consulting Agreement

On September 12, 2001, the Company entered into various one year agreements to
provide financial and operating consulting services to assist the Company in
going public.

As compensation, the Company subsequently issued 800,000 shares of the Company's
common stock valued at $1.00 per share to be registered on Form SB-2, 300,000
warrants to purchase shares of the Company's stock exercisable at 125% of the
price of shares sold..."

Do you really think that RR/RRGI didn't understand the implications and eventual affect that dilution would have on the RRGI pps? Patrick Schaefer has a history of issueing shares for payment of goods and services and knows full well by experience what the eventual influence that 144 shares would have when the trading restrictions were lifted.

Again, all of these statements are just my opinion. Take it as a prompt for your own research only.

Flatsixer

Flatsixer2@Yahoo.com