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Wow - this place is dead.
Anyone have anything pithy to say?
Any nuggets of wisdom regarding the summer activity of penny stock land?
Any expectations in the way of PR's this week?
I am hungry for news from Dave.
Bessie,
I guess I didn't think it was very long considering that IMS has been around for 100 years. I have been learning more and more about racing that I never knew before.
There is a plethera of information about racing and getting through all of it would be impossible. I do think that the more people become aware of the Indy Racing League the more revenues any company involved will be able to generate. hence MSEP can reach their revenue goals even sooner.
Maybe a reunion of CART and Indy is in order:
Champ Car president Dick Eidswick met with Indy Racing League founder Tony George last week in Indianapolis to discuss the sad state of open wheel racing in this country and some possible remedies.
"I called Tony for a meeting and, in my opinion, we didn't get anywhere or make any progress but he was very cordial," said Eidswick. "While we openly disagree of how to go forward, we don't do it with any anger.
"I sense that he believes in having only one series and he's tired of the way things are going but we have different ideas on how to approach things."
George, who said he didn't want to get into the details of their discussion, did offer this: "So far nothing has been talked about that excites me."
And this would include Champ Car's apparent desire of a common chassis and engine -- starting in 2007 when both series are due for news cars and motors.
Mario Andretti began pitching this common rules idea several months ago to IRL COO Brian Barnhart and Eidswick because it would at least allow both series to compete at the Indianapolis 500, if not other selected races.
"The technical side is the first building block," said Andretti. "And it needs to happen quickly."
Tony Cotman, vice president of operations for Champ Car and former team manager for Andretti/Green Racing in the IRL, thinks that plan might have a chance.
"The goal is not to get us together, I mean that would be nice but it probably isn't ever going to happen, so our goal is to have four big shows together. Indy and three others," said Cotman. "But if we don't do it for '07, we never ever will."
Car owner Paul Newman offered: "If we could run four or five races together, that's a beginning. I don't think it would take long before we came together."
Added Eidswick: "I've been talking to Mario a lot because he's so knowledgable and passionate about open wheel racing and that's why I thought getting together with Tony was so important because time is of the essence."
Roger Penske, who tried to orchestrate a unification last summer without success, reportedly proposed a plan to George recently that called for each series to run 10-12 events apart and then come together for a few "majors" like golf, which would obviously include Indianapolis.
But George isn't buying that as a slam dunk solution.
"First of all, if we still have two separate series and we come together for a few races one of the challenges is how do we as individuals, teams and a business, go out and sell sponsorship? We can't spin that to look like one and nobody is going to be any more interested in supporting a fragmented group.
"Besides, both of us have pretty reliable packages that work so the question is: is one of them worth changing?
"I fail to see how having common engines and chassis allows us to get together or eliminates confusion. I don't know the definition of unification but I don't think it's two individual series."
George said even if they agreed on common rules, that hardly opens the door.
"Engines and chassis are the easy part," he said. "The philosophical issues, that's the challenge."
Eidswick said George's solution to unification is to buy Champ Car but that doesn't fly with Open Wheel Racing Series owners Kevin Kalkhoven and Gerald Forsythe.
"Dick tells me Tony still wants to buy us out and only wants to run races in North America so, in my mind, that's the end of the discussion," said Kalkhoven, who owns 45 percent of OWRS along with Forsythe (Paul Gentilozzi owns the other 10 percent).
"I'm not here to let this series be driven into the dust and neither is Gerry. We've got some good things happening, our strategy is laid out and if Tony wants to join us, that's great."
Forsythe echoed his partner's thoughts.
"We met three times last year and he (George) wanted to buy us out so obviously nothing has changed," said Forsythe. "I have no problem with Tony being our partner but he doesn't seem to want a partner.
"I have no problem with giving Tony some playing cards but I don't want to sell him Champ Car. I think three or four good business people are stronger than one person."
Asked about how long he and Forsythe are willing to spend millions of their own dollars to keep Champ Car afloat, Kalkhoven responded: "The amount of money we're spending is very little overall and I can afford to run this thing forever."
George claims he never discussed purchasing Champ Car with Eidswick.
"If that's his intrepretation of what we discussed, then it's flawed," said George. "A lot of things were presented but that was never discussed."
But the Indianapolis Motor Speedway president is convinced that one series is the only way to restore open wheel's fan base, sponsorship and television ratings.
"Anything short of that doesn't accomplish the objective of growing open wheel racing," said George.
Other than a brief handshake following CART's bankruptcy hearing in 2004, Kalkhoven has never met with George. Both say it's time.
"The key is to sit down with the decision makers and have some meaningful dialogue," said George.
Kalkhoven's response: "If Tony is prepared to think about things in a broader manner, I'll be happy to meet with him."
Colin Powell to drive pace car at Indy 500
Here's the story if you want to read it:
http://msn.foxsports.com/motor/story/3546750?CMP=OTC-K9B140813162&ATT=171
You can also check out www.brickyard.com for any indy 500 news.
NASCAR will be running the brickyard 400 at Indy Motor Speedway. Are the lines crossing between IRL and NASCAR?
And this quote is to remind myself, and anyone else that needs it, why we are investors for the long term:
"The contacts and introductions made will be even more important in the long-term growth of MotorSports Emporium. We met with many executives of the motor sports industry that have an interest in us and what we are building with MSEP"
Are some of these executives currently working with MSEP to help build the streams of revenue? What might those streams be? So far we have driversdigs.com, scalecars.com and pitstopstudio.com. These did not need any other motor sport executives to get launched. So what is in the works? What...?
Based on this and my contact with the company I will continue to add to my position. The upside potential greatly outweighs the downside slide that we have seen.
Alrighty then.
How many longs cut their losses today?
Not me, I am down now, but I will be adding more tomorrow.
I will have my million shares before this goes back up!
OT: I like the treadmills for keeping pace, but I need the fresh air!
The SP has dropped below 02 a couple of times in the past week and then popped right back up. Let's pray it does again.
OT: I'm definately not in shape for a marathon right now. That would be fun though. Last one I ran was Disney in Jan 2004. Very flat run!
Today was good - it is getting a little warm out now though. I'm going to have to start running at night.
I will!
As I was lacing up my shoes I was thinking, I'm running 5 miles, maybe MSEP will have a 5% run today. Wouldn't that be nice!
See ya all later.
Good morning all!
A good day for a 5 mile run!
Mike -
I'm actually trying to just follow one board (this one) and it gets tough. LOL
Especially when you don't read for a couple days then try and get through them all.
Looks like there was some good debate this weekend. I'm actually a little surprised that the S-8 shares were still an issue. I thought that was hashed and re-hashed, to the point of being resolved, a couple of weeks ago. C'est la vie.
Any feelings on the open tomorrow?
Here's a picture of Marco Racing at Sebring. Before he had the scalecars.com spnsorship, cool picture though!
http://www.starmazda.com/results/2005/pro/sebring/2005-sebring/Images/05-sebring-190.jpg
and if you read the statement on pitstop studio, it will include nascar art as well...
SP not budging.
I really wish all my funds weren't tapped out.
IMO the next bit of news will create some buying pressure, even in this stale market.
I found this:
http://209.43.92.201/indycar/media/radio/irlwednesday.mp3
An interview with Marco Andretti, and his father and grandfather, after he won the Infinity Pro series race at St. Pete.
Here are the current standings for the drivers:
1 Travis Gregg 110.0
2 Wade Cunningham 107.0
3 Jon Herb 106.0
4 Nick Bussell 93.0
5 Chris Festa 84.0
6 Jaime Camara 76.0
7 Al Unser 74.0
8 Marty Roth 68.0
9 Jay Drake 67.0
10 Arie Luyendyk Jr. 62.0
11 P.J. Chesson 61.0
12 Jeff Simmons 58.0
13 Marco Andretti 53.0
14 Mishael Abbott 46.0
15 Scott Mayer 26.0
16 G.J. Mennen 15.0
One more thing before I go to bed.
Reading RB it seems to me that some people are questioning the credibility of David saying that he's selling shares and gagging the TA.
I know it's not true, I've talked with him and Mark about numerous things.
I did a quick search on David and found this from a 1998 article:
The SIA encourages brokers to volunteer in classes using the Stock Market Game. David Keaveney, a broker with First American Equities in Phoenix, works with sixth, seventh and eighth graders, including his stepson, Anthony.
Keaveney's method is to encourage the kids to think for themselves. "In the fall, I ask them what they're thinking about, and they say Christmas toys--Mattel, Huffy," says Keaveney. "And clothes--Tommy Hilfiger, Ralph Lauren. You have to allow them to open their minds."
By participating in the game, kids learn about math and other subjects, Keaveney says. "There's an economic factor to the market, politics as well. And there's foreign economics, too."
In addition, the kids learn that "things don't always work out the way we expect them to," Keaveney says. "And they learn the value of money."
The fact that Keaveney is teaching their children impresses the parents, some of whom become clients, he says. "They're happy someone out there is teaching instead of selling." Most of the business from the parents is college planning for the kids.
To me this just shows another side to the man and his character. Very positive!
OK all you "pumpers", get ready for another day of trading tomorrow.
My prediction for tomorrow is that we close at or around .02. LOL
These are sure interesting days with the entire market floundering around like it is.
I'm ready for another run and support at higher levels, as I'm sure everyone is. Maybe after taxes are all filed and 10Q's are out!
Good night all!
Alright, as a reminder, (To myself and others) I wanted to post all the inside buys for MSEP:
BREHM, ROBERT C. Beneficial Owner (10% or more) 100,000 Purchase at $0.03
4-Apr-05 KEAVENEY, RHONDA LEE Secretary 200,000 Statement of Ownership N/A
4-Mar-05 BREHM, ROBERT C. Beneficial Owner (10% or more) 100,000 Purchase at $0.06 per share. $6,000
24-Feb-05 KEAVENEY, DAVID WILLIAM Chief Executive Officer 100,000 Purchase at $0.033 per share. $3,300
11-Feb-05 KEAVENEY, DAVID WILLIAM Chief Executive Officer 500,000 Purchase at $0.017 per share. $8,500
24-Jan-05 BREHM, ROBERT C. Beneficial Owner (10% or more) 2,000,000 Private Purchase at $0.0125 per share. $25,000
20-Jan-05 KEAVENEY, DAVID WILLIAM Chief Executive Officer 1,500,000 Private Purchase at $0.015 per share. $22,500
13-Jan-05 KEAVENEY, DAVID WILLIAM Chief Executive Officer 2,000,000 Private Purchase at $0.006 per share. $12,000
4-Jan-05 BREHM, ROBERT C. Beneficial Owner (10% or more) 2,000,000 Private Purchase at $0.004 per share. $8,000
13-Dec-04 KEAVENEY, DAVID WILLIAM Chief Executive Officer 2,500,000 Private Purchase at $0.004 per share. $10,000
9-Dec-04 BREHM, ROBERT C. Beneficial Owner (10% or more) 2,000,000
Inside buys at all levels! Even .06! I will continue to add, whenever I can!
Mike,
Thanks for the tip, I'll check it out and see if the funds are available to take a dip.
Have you spoken with Dave recently?
It's been a few days since I have called, but Mark said that they are as busy as ever and things are a little frustrating having to deal with uninformed traders.
Yesterday was the second day of testing at the IndyCar Series Open Test at Infineon Raceway. Five laps.
Franchitti posted the time to beat – 1 minute, 16.4222 seconds (108.345 mph) – on his sixth trip around the 2.3-mile, 12-turn course on a sunny but chilly spring morning in the Sonoma Valley. He topped that twice in the afternoon session – when he evidently was really toasty – with a fast lap of 1:16.1051 (108.797 mph).
“More importantly for us (than the top of the charts), we learned a lot,” said the Andretti Green Racing driver, who recorded 36 laps (his final lap being his fastest). “We had a long time this afternoon where we were not able to run because we had to fix some problems, but we still were able to get through a lot of stuff that will hopefully put us in a good position for August.
“We all got a lot of good information today. It’s always good to be at the top of the timesheet, but it’s more important to get to work on your individual (testing) programs and get good results for the team.”
In all, 15 drivers recorded faster speeds than Helio Castroneves’ chart-topping 105.418 mph of day 1 of the test. He called it – and bested it himself.
After warming up to the twists and undulations, drivers got all they wanted from their first visit to the facility in preparation for the Aug. 28 Argent Mortgage Indy Grand Prix – the first road-course race in the 10-year history of the IndyCar Series. It was challenging and occasionally vexing, but wholly profitable for the stars and their crews.
Seventeen drivers combined for 1,000 laps. The road-course aerodynamic and brake packages that worked so well during the Honda Grand Prix of St. Petersburg on April 3 were again validated on the California proving ground.
“We learned a lot today,” said Castroneves, who was second quick (1:16.4497; 108.307 mph) in the No. 3 Marlboro Team Penske Dallara/Toyota/Firestone. “I'm very happy with the way the Marlboro Team Penske car handled, and I think we have a solid baseline for when we come back in August. It's a fun track, and I think we'll put on a great show for the fans."
Target Chip Ganassi Racing’s Scott Dixon, the 2003 IndyCar Series champion, was third at 1:16.4688 (108.279 mph). Franchitti’s teammates -- reigning IndyCar Series champion Tony Kanaan (1:16.4715; 108.276), Dan Wheldon (1:16.6481; 108.026) and Bryan Herta (1:16:6762; 107.987) rounded out the superlative six.
“To be honest, I’m struggling a little bit with the balance of my car,” said Wheldon, the IndyCar Series points leader. “Actually, I’m struggling quite a lot to tell you the truth. We really couldn’t hit on something that I was 100 percent comfortable with. We definitely have a little bit of work to do, but Dario gathered some good data, and was the quickest of the test, so we’ll able to look and compare and see where we can improve and go from there."
Herta is ranked 7th overall:
Bryan Herta
Winnings year to date: $170,100 - Buy some shares of MSEP!
Dan Wheldon - #1 winnings - $264,000 - Buy some shares of MSEP!
Time for me to stop watching this pot - so it can boil.
Off for a run, and to rewire my satellite dish.
Eric,
The general trend of the market is down right now, I don't think MSEP is any exception to that. My AAPL stock has gone down over the past 2 weeks, and look at their revenue producing stream!
Arie Sr. isn't driving anymore, but you are right, they have him on their advisory board. Look at the amount of stuff he has donated (so far) for the new website, amazing!
I think you just told Dave and Mark about your idea, they read these boards.
I have $80 in my account so I just ordered 3K more shares.
I think we should see a form 4 today.
hint... hint...
Wouldn't the "best ask" be the highest ask?
Ameritrade syas that the lowest one (.021) is.
Someone help me out here.
I am not a trader, I'm an investor, and I don't know all that much about LevelII quotes. I see 5 MM's with bids under .02.
ETRD .019
BMIC .018
FRAN .017
DOMS .015
HDSN .015
And a bunch of asks way above .02 all the way up to .07 PERT.
Is PERT high? Do they really think it's going there today?
Any one know a good website to learn more about levelII ?
Well, it sure is quiet at 2:10 in the morning.
Working nights has it's advantages and disadvantages.
The boards are not cluttered with new posts.
Reading through all the posts is easy, all be it frustrating. Especially on RB.
Good night to anyone still up.
Good morning to anyone just getting up!
Info for the 89th Annual Indy 500:
36 Entries, 33 drivers, 69 cars set
Defending IndyCar Series champion Andretti Green Racing entered eight cars, more than any other team.
2 Tomas Enge (R)
3 Helio Castroneves (W)
4 Tomas Scheckter
5 Adrián Fernández
6 Sam Hornish Jr.
7 Bryan Herta Andretti Green Racing
8 Scott Sharp
9 Scott Dixon
10 Darren Manning
11 Tony Kanaan Andretti Green Racing
14 A.J. Foyt IV
15 Buddy Rice (W)
16 Danica Patrick (R)
17 Vitor Meira
18 TBA
20 Ed Carpenter
21 Jaques Lazier
22 Jeff Ward
24 Roger Yasukawa
25 Marty Roth
26 Dan Wheldon Andretti Green Racing
27 Dario Franchitti Andretti Green Racing
33 Ryan Briscoe (R)
36 Bruno Junqueira
37 Sebastien Bourdais (R)
41 Scott Mayer (R)
44 Jeff Bucknum (R)
48 Larry Foyt
51 Alex Barron
55 Kosuke Matsuura
70 Richie Hearn
83 Patrick Carpentier (R)
91 Paul Dana (R)
95 Buddy Lazier (W)
W = Past Indy 500 winners
R = Rookies
Also - Andretti.com has updated their website. The main page now focuses on Marco and his recent win!
3 new cars added at scalecars today.
The Mercedes 1924 2 Litre Race Car is particularly cool!
I like the old time race cars. Heres a picture:
http://www.scalecars.com/images/products/zm/4337.jpg
I'm not exactly pleased with the decline in share price either. But I have looked into this company and what their plans are for the future. I am still long and will add to my position whenever I can.
Would it be nice for this to be at .10?
Yes.
It would be nice for this to be at .05 at this point.
When I look at my portfolio I see that everything is down right now. What?!?
So the overall trend of the market is down.
Why should this stock be any different?
I do know that I am in this one for the long haul because I believe that future events will prove this to be a good investment. I'll take the risk.
OT: This is good for a laugh! -
http://home.comcast.net/%7Ebeefypapal/Pages/DFauntleroy.htm
Right now NASCAR is hot.
Working for FOX network, I can tell you the commercial revenue it brings is amazing.
INDY series racing is exciting and in my opinion more intersting than NASCAR because of the open wheel racing and the new street venues.
But since it's division with CART it just doesn't retain the same interest... Yet.
Within the next 3 - 4 years that should change.
The reason why is the new crop of racers that are taking the field.
Luckily 2 of them happen to be involved with MSEP, Marco Andretti and Arie Luyendyk, Jr. They have years and years of great racing ahead of them.
All IMO
The thing is...
NASCAR contracts are very expensive. I think in the future it is most assuredly going to happen, but not right now. As soon as income is up to where it can support such a transaction though...
It is good to get your foot in the door and develop relationships.
Look at how the Herta deal worked out. Dave had a previous relationship with Bryan and the sponsorship fell into place for a very good price.
Good morning all!
I know because Mark told me he was going.
Yes!
And Mike, Sharks reply was still cryptic and evasive.
Trying to blame the late filing of the 10K on Dave.
Anyone who DD'd that situation know that the auditors/attorneys had everything they needed 5 weeks in advance, but they dragged their feet. Completely out of control of Dave or anyone at MSEP.
This is ridiculous.
Just an FYI about MSEP and the dedication of it's employees.
Mark will be going to this weekend's NASCAR events.
He will be promoting MSEP and it's subsidiaries and making contacts.
IMO there is no doubt that MSEP is doing everything they can to move this company forward and gain traction in this hot marketplace!
OT:
It is one of my favorite passages.
Mike,
I was working on a reply to Ragin about the S-8 shares but you summed it up nicely. There is absolutely no filing of forms 144 or 4 to show that Dave has sold S-8 shares. That fact and when Dave told me flat out he has never sold any shares is, to me, proof enough.
Like you, I have absolutely no reason to doubt anything that Dave or Mark says. They have been completely up front about the current status of the company and any goings on.
Oof, I am in complete disbelief at what is happening to the share price.
Is it really conceivable that there is a poster on the boards with enough influence to convince other investors to sell?
I guess so.
But here's the rub, we should all do our own DD and get whatever information we can for ourselves before making a decision to invest in any company.
With MSEP, I like what I see, they are a startup company in an industry that is growing.
In regards to the TA being silenced that is not true. I called American Registrar and asked for some information regarding MSEP. They said that the company is in full compliance with all its filings and that any and all information can be obtained in the SEC filings. Is that the same as being silenced? No. That is what investors should do. If certain people can't or won't go through with the time and mathematics involved to figure out the O/S or the float that is their problem.
If someone has a question about the numbers or the business they can call and speak to Dave or Mark directly. They are very investor friendly and do not have anything to hide. Anyone who says any different has an agenda that they are not revealing.
Rich,
See post 2403 from yesterday. I talked to Mark about this yesterday.
This will generate a lot of revenue for MSEP, but their next venture will generate even more.
I just bought 100K more, I'm at 600K now - working my way up to a million!
Good morning all!
I hope everyone has a great day and we see green!
Off for a run now.
Also look at the eBay store:
http://stores.ebay.com/MotorSports-Emporium
There are currently 20 items with bids totaling $853.46 - Not bad.
They are going to be constantly adding items to the eBay store and adding a lot more artwork to pitstopstudio.com as well!
IMO if someone wanted to get in on the ground floor of a great company, now would be the time to do it! Glad I already am!
It's not listed with the search engines yet.
Mark said that they are working out a deal that will place all their sites in the top 3 - 5 hits of all search engines.
That shoiuld happen soon.