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I am still here and still holding mine. I like the company and all that it is trying to do and I have patience to wait.
Colorado: Some of the reading is not worth the time to read....but then it is entertainment.
Thanks.... Been very busy lately and have not had much time to post. But I do get to read the board from time to time.
express: doing fine here.... How are you tonight?
I noticed that as well... everyone must be holding ...
Good morning
looks like some stayed up late last night...
smiles...
Today should be very interesting.. will be nice to go green into a three day weekend. imo
have fun all..
Coloradotransplant.....
Thanks..
GLTA
good night all and good luck...
tomorrow should be interesting. There must be a reason for the late PR tonight as opposed to a PR in the morning. I suspect and could be wrong there will be another PR in the morning...imo
I have to look more at it myself. This would suggest Tracy has more influence than I thought before. However, the more I digest the PR I think it will have slightly more positive effect. Here are my thoughts for what they are worth:
Tracy must believe in the company.
David now has control.
JMO
mlaw:
Thanks. I found it on the form 4 thanks to your post.
Thanks
Goldman450
I like that David has the control. I agree that is the way I read the release.. should there be a form disclosing the sale to follow?
who is Sunnydale LLC... Did i miss that somewhere along the way in an earlier PR.
I have been reading it over and over. I am not sure I fully understand it yet. It sounds like control is all MSEP.
Press Release Source: MotorSports Emporium Inc.
Controlling Shareholder Sells Portion of MSEP Series B Preferred Shares
Thursday September 1, 9:39 pm ET
Change in Control of MSEP
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Sept. 1, 2005--MotorSports Emporium, Inc. (OTCBB:MSEP - News) discloses a private sale of Series B Preferred Stock.
David Keaveney, President and CEO of MotorSports Emporium, Inc. stated, "On August 26, 2004, Intercontinental Assets Corp. acquired 2,500,000 shares of Series B Preferred Stock of Ten Stix, Inc. (now MotorSports Emporium, Inc.) through the conversion of a promissory note in the principal amount of $15,000 dated June 30, 2004 and amended August 26, 2004. Per the terms of the Certificate of Designation of the Series B Preferred Stock, the Series B Preferred Stock has voting rights based on an as-converted basis of 100 for 1. On a fully converted basis, the issued and outstanding Series B Preferred Stock account for 250,000,000 common shares of MSEP. Accordingly, Intercontinental Assets Corp established voting control of MotorSports Emporium, Inc. Robert C. Brehm is the principal shareholder, a director and officer of Intercontinental Assets Corp."
Keaveney continued, "The Series B Preferred Shares fundamentally influence the voting rights of MSEP. To further secure a growing business model it was essential to diversify the voting control of MSEP."
On August 9, 2005, Robert C. Brehm, on behalf of Intercontinental Asset Corp agreed to sell one half of its Series B shares, representing 1,250,000 Series B shares, to Sunnydale, LLC and CEO David Keaveney resulting effectively in a change of control of the company on a fully diluted basis.
"The company will continue to adhere to our aggressive growth strategy for the remainder of 2005 and beyond and without question, we firmly believe the better times for MSEP are definitely ahead of us," concluded Keaveney.
About MotorSports Emporium, Inc.
MotorSports Emporium Inc. is a fast-track company in the motor sports industry targeting enthusiasts who participate in die cast collectible cars, automobile restoration, high-performance accessories, motor sports-related collectibles, automotive and racing art, driver's apparel, race venues and exclusive product licensing through Prospeed GS610 Maximum Performance Brake Fluid. For more information visit www.motorsportsemporium.com and for product visit www.scalecars.com, www.driversdigs.com, www.pitstopstudios.com and www.gs610.com
About Prospeed GS610 Maximum Performance Brake Fluid
As the newest and highest performance brake fluid available, GS610's 610 degrees F (321 degrees C) boiling point exceeds the dry boiling point of all competitors. Prospeed GS610 was specifically designed to address the extreme environment of racing, sports car and all other driving environments where high temperature stability and consistent maximum performance are required. Prospeed GS610 Maximum Performance Brake Fluid is a DOT 4 brake fluid, which meets or exceeds all requirements of FMVSS 116 and SAE J1704. Unlike many other racing brake fluids it is miscible with all DOT 3, DOT 4 and DOT 5.1 brake fluids. Prospeed GS610 Maximum Performance Brake Fluid is sold by select retailers nationwide. For more information and a list of current retailers, please visit www.GS610.com.
This news release may include forward-looking statements within the meaning of section 27A of the United States Securities Act of 1933, as amended, and section 21E of the United States Securities and Exchange Act of 1934, as amended, with respect to achieving corporate objectives, developing additional project interests, the company's analysis of opportunities in the acquisition and development of various project interests and certain other matters. These statements are made under the "Safe Harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein.
Contact:
MotorSports Emporium Inc.
David Keaveney, 480-596-4002
info@motorsportsemporium.com
Source: MotorSports Emporium Inc.
Viking163: I can not speack for others but my friend did talk about the chemical makeup of the fluid and was saying his concern was the chemistry of the fluid he uses takes on moisture which over time breaks down the performace of the fluid and lowers the boiling point. So he changes fuild every few races just to be sure. Now keep in mind his races are short 50 laps or so. Everyone must do thier own DD.
Mine looked great there for awhile as well too. Was fun to see while it lasted...
Goldman450:
That was what I was thinking. There are so many non-professional racers out there looking for performance enhancements.. once the word gets around and they see thier buddies going a bit faster they will want to know why. I see a great market here. IMO
I was talking with a buddy of mine who is a local racer. He drives his car for fun and not professionally on any circuit. We were talking about his car and he started talking about brakes and fuilds. So I asked him what fluid he uses. He says he gets his fluid from germany. I said have you ever heard of GS610 he said he had not. So I told him the web page and he was impressed. He said the boiling point of the fluid he uses is around 525 degrees F and the GS610 was better. He said he was going to do more research and maybe purchase some. MSEP may have somthing here imo. Just thought I would share some of that conversation with the group for what it was worth.
Mine showed up this morning on Scottrade.
Pokerdv8:
I thought might be the case. Thanks for checking and letting me know.
I still have not seen my spin off stocks yet. I use Scottrade anyone else out there that is using Scottrade seen thiers?
I have not recieved mine yet? Anyone not recieved thiers?
Form 8-K for MOTORSPORTS EMPORIUM, INC.
16-Aug-2005
Entry into Material Agreement, Sale of Equity, Change in Directors or
Item 1.01. Entry into a Material Definitive Agreement.
License Agreement with Michael G. Wachholz
On August 10, 2005, the Motorsports Emporium, Inc. (the "Company") entered into a License Agreement with Michael G. Wachholz ("Wachholz"), under which the Company has licensed from Wachholz certain Technology including known-how, services, product and blend applications techniques and specifications, and the exclusive right to use, manufacture, have manufactured, sell and distribute Prospeed GS610 Maximum Performance Brake Fluid. In addition, the Company has licensed from Wachholz the right to use the trademarks "Brake Deeper. Harder, Longer!", "Prospeed", "Prospeed Motorsport", "GS610", and "GS610 Maximum Performance Brake Fluid," and has also licensed for the Company's use, the websites www.prospeedmotorsports.com and www.gs610.com .
The term of the License Agreement is five (5) years with an option to extent the term for an additional five (5) years at the sole discretion of the Company. Pursuant to the terms of the License Agreement, the Company shall pay an initial licensee fee of fifteen thousand dollars ($15,000), along with a monthly royalty fee equal to seven percent (7%) on all collected gross sales as it relates to the Licensed Product sold. Royalty payments shall be due within ten (10) days after the end of each calendar month accompanied.
A copy of the License Agreement is attached hereto and incorporated by reference.
Consulting Agreement with Michael G. Wachholz
On August 10, 2005, concurrently with the execution of the above referenced License Agreement, the Company entered into a Consulting Agreement with Michael G. Wachholz, under which Wachholz will provide services to the Company relating to distribution, sales, advertising, marketing and strategic planning in connection with GS610 Maximum Performance Brake Fluid and provide advisory and consulting services related to business operations in the United States and International.
The term of the Consulting Agreement is five (5) years, from August 10, 2005 to August 9, 2010. Pursuant to the terms of the Consulting Agreement, Wachholz shall be compensated for his consulting services as follows:
(a) 2,500,000 restricted shares of the Company's common stock subject to adjustment for stock reverse, stock split or stock dividend in a manner equal/consistent with all other common stock shareholders. Wachholz shall received such shares on the 181st day from the effective date of the Consulting Agreement provided Wachholz has provided 180 days of continuous consulting to Company.
(b) 3,000,000 restricted shares of the Company's common stock subject to adjustment for stock reverse, stock split or stock dividend in a manner equal/consistent with all other common stock shareholders. Wachholz will receive these shares only if the Company extends this Consulting Agreement for an additional 5 years. Upon execution of the extension of the Consulting Agreement for a second 5 year term Wachholz will need to perform 180 days of continuous consulting service to the Company to receive the 3,000,000 shares. Pursuant to the terms of the Consulting Agreement said shares will be issued within 30 days of the effective date of the Consulting Agreement and will held until such time as the Company and Wachholz execute the extension of the Consulting Agreement for a second 5 year-term. In the event that the Consulting Agreement is not extend for a second 5 year term, the 3,000,000 shares will be cancelled and Wachholz shall have no right to such shares.
(c) 10% commission on all gross sales as it related to Licensed Product sold.
A copy of the Consulting Agreement is attached hereto and incorporated by reference.
Consulting Agreement with Tracey Baron
On August 11, 2005, concurrently with the purchase by Sunnydale, LLC of 26,470,588 restricted shares of common stock of the Company, as set forth below, the Company entered into a Consulting Agreement with Tracey Baron, the sole Member and Manager of Sunnydale, LLC, under which Mr. Baron will provide services to the Company relating to mergers, acquisitions, joint ventures, strategic partnerships and raising capital for business growth and/or debt reductions. The term of the Consulting Agreement is for a period of 18 months ending February 9, 2007. Pursuant to the terms of the Consulting Agreement, Mr. Baron shall receive the sum of $7,500 per month commencing September 1, 2005, for his services.
A copy of the Consulting Agreement is attached hereto and incorporated by reference.
Item 3.02 Unregistered Sale of Equity Securities.
Sale of Restricted Shares of Common Stock
On August 9, 2005, the Company sold 26,470,588 restricted shares of common stock to Sunnydale, LLC, an Oregon limited liability company, for the purchase price of $225,000 (i.e. $0.0085 per share, which represented a 15% discount of the closing price of the Company's common stock as quoted on the OTCBB as of August 1, 2005). These shares were issued pursuant to the exemption from registration under Section 4(2) of the Securities Act of 1933.
Item 5.02. Departure of Directors or Principal Officers, Election of Directors; Appointment of Principal Officers.
Appointment of Tracey Baron to Board of Directors
On August 11, 2005, Tracey Baron, the sole member and manager of Sunnydale, LLC was appointed as a director of the Company to serve until the next annual meeting of the stockholders and until his successor is duly elected and qualified.
Mr. Baron is a Washington State University graduate with a degree in Business and English. After graduation in 1991 Mr. Baron started in an entry level position for a nationwide boutique financial planning firm that specialized in financial solutions and strategies for the affluent client. In 1998 he became the Director of Planning, where he modeled complex issues for his clients in the arena of finance, taxation, security monetization, charitable planning and merger and acquisitions. In the spring of 2000 Mr. Baron decided to pursue his entrepreneurial dreams and left the financial planning field and started several successful businesses. These businesses include restaurants, night clubs, and a 65 acre planned development community in Portland, Oregon. Mr. Baron's success can also be traced to a Physical Fitness company he started that licenses fitness products to several major athletic companies in addition to several other start-up ventures. Mr. Baron has served on the board of directors of several companies and continues to seek out opportunities to assist in developing business plans for start-up ventures.
Item 8.01. Other Events.
Press Release Announcing the License Agreement for GS610 Maximum Performance Brake Fluid
On August 12, 2005, the Company issued a Press Release announcing that it had entered into a License Agreement with Michael G. Wachholz for the license of certain Technology including known-how, services, product and blend applications techniques and specifications, and the exclusive right to use, manufacture, have manufactured, sell and distribute Prospeed GS610 Maximum Performance Brake Fluid. In addition, the Company has licensed from Wachholz the right to use the trademarks "Brake Deeper. Harder, Longer!", "Prospeed", "Prospeed Motorsport", "GS610", and "GS610 Maximum Performance Brake Fluid," and has also licensed for the Company's use, the websites www.prospeedmotorsports.com and www.gs610.com.development of performance brake fluids.
A copy of the Press Release is incorporated by reference in this Current Report on Form 8-K, is attached hereto as Exhibit 99.1
Press Release Announcing the appointment of Tracey Baron to the Board of Directors
On August 15, 2005, the Company issued a Press Release announcing the addition of Tracey Baron to the board of directors. A copy of the Press Release is incorporated by reference in this Current Report on Form 8-K, is attached hereto as Exhibit 99.1
Item 9.01. Financial Statements and Exhibits.
(c) Exhibits.
99.1 License Agreement with Michael G. Wachholz;
99.2 Consulting Agreement with Michael G. Wachholz;
99.3 Consulting Agreement with Tracey Baron;
99.4 Press Release dated August 12, 2005; and
99.5 Press Release dated August 15, 2005.
did not get mine either
Mimurray:
I believe you are right. I do not get to watch the trades very often and was trying to get a buy in above the ticker of 0.009 at the time. As I remeber the ask was at 0.0095. I am trying to come to a better understanding of MM plays. I have 400K+ of MSEP and holding firm. I think the company will go somewhere. They have the right products and adding to those products as they go along.
I did trade another stock earlier that had reached my sell out point. It was trading at 0.0044 and I put in a sell at 0.0042 and sold it at 0.0044. So I do not think MM are all that bad. That has happend a few times in the past where I have put in a trade lower and they gave me as much as I believed they could. a few minutes after my trade that stocked dropped to 0.004.
Thanks for response
Rback
Must be posing for a big run. I have a buy in at 0.0091 and no takers. it has been close to 15 minutes with out a trade. Makes you wonder what might be going. imo... glta
I bought in at $0.0055 if I would have bought in the 2 day ago I could have bought more share for less. GLTA
I am in now with a 100K shares. I know not much but at least I am in for now.
Rback
Rob:
Thanks
IVTC is listed as Innovative Valve Technologies so I do not think that one is correct. The others listed I could not find listings for so they could be correct.
Thanks
I do not know.... if you find out let us know too
thanks
Nothing yet for me. Scottrade is what I am using...
has anyone gotten thier shares or the spin off company?
Hi all just letting everyone know I am still here and holding my shares. I do not get to spend as much time at the computer doing research as I would like to do. But with what I have done, I am still as confident in the stock as I was when I bought in. It is a new company with a lot of positives as compared with other pinky. In fact I have iggy a few posters due to thier unfounded continued negative post.
I can handle negatives as well as postive post as long as they have merit. Good luck to all.
Rback
Hi all. All though I have concerns on recent steady drop in share price I am still holding my shares. On a good PR this stock will rebound IMO. This last quarter has had some bumps in the road but a good well written PR and we are back in the game. I like the concept of the company so I will stay a bit longer. Good luck to all.
Rback
OT: Been very busy with my day job and have not had a chance to chime in. Just want to say I am still here and holding my shares. It was good to see the rebound and look forward to more of them. I picked up a few more shares last week and was going to buy some more this morning but did not get a chance to before the run hit.
Rback
OT: Hi all. Sorry I have not posted in awhile. I have been working with little time for checking stocks. Just wanted to say hi and I am still here and still holding my shares.
Rbak
mimurray:
i agree with what you stated. This is a new company that has just broke off from a looser. They only had a a little time to generate revenues last quarter. I am willing to hang in there based on past PR's and the 10K. Sure I would love to see this stock fly high and quick. But if you did your DD you would realize this stock is a grower and will take due time to mature.
As I stated earlier, I am a newbie to the stock game but I like what I see here and the drop in share price was expected in my eyes. Actually the quick rise in price was great to watch. We are right where we should be with growth coming.
Rback
Be Squared:
I do not think your questions asked of me was to improve your knowledge MSEP. My advise to you would be if this or any other investment risk is higher than your willing to invest then sell while you can and put your money in a savings account. You can get a savings account at most banks with little risk. jmo
Rback
mimurray:
I agree with what you are saying. I do not get a chance to chim in very often. But the K was right where I expected it to be and I am still holding my shares. Just wish I had more $$ to get some more at this level.
I have not seen anything yet that has shaken my interest in the company. Hang in there all. JMO.
Rbak