Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Fatdog, Can you at least explain the post where you were ID'd as Mr Allen? Inquiring minds would love to know. And I certainly do not want to be on the wrong track or make any improper accusations regarding your relationship with RR.
Yes Mimi
According to the public records I pulled, he lives in Ft. Thomas KY. I hope that information does not jeopardise his safety and security (LOL).
Brother Pat is a bit tougher to nail down. Gabe was pretty easy though. Interesting resume's on all of them.
Hamilton OH (home of the race car connection Glenn Allen Racing) is just about twenty miles North of Lee.
When you dig into this thing, the only known true statement yet has been the disclaimer "Reality Racing, Inc, and Reality Racing – The Rookie Challenge are not sanctioned, endorsed or supported by NASCAR®."
Stan
MIMI,
I cannot confirm the whereabouts of Patrick S., but my sources tell me that Mr Lee S. is at his home in Northern KY, just over the river from Cincinnati, OH.
(fatdog & shark -- I will try to have someone gets pics for you of him holding up the daily paper just to prove it to you)
Shark, If you are going to be gone for over 40 days and the production is being aired on May 9th, that means you will be gone in just under two weeks. I am also aware that the $750k grand prize package is in cash and prizes, but would that be a $1,000 gold ring, a $12 tee shirt, $15 ball cap, & a $748,973.00 racing contract with a real NASCAR team? Does that sum it up?
As for the security and safety issue, I am sure that the concerns are very genuine and these contestants would certainly want to "take each other out" in order to win. But, RRGI is willing to put homocidal maniacs behind the wheel or race cars in what some purport to be head to head racing. That sounds rational. But yes, you are correct in presuming that such deadly threats happen all the time -- why as recently as 1994 there was the Tonya Harding/Nancy Kerrigan deal. I can see why there are no press releases with the names of all the contestants -- why their lives would be at risk!
I would be shocked if either of you could post anything derrived from logic based upon the past and present track record of RRGI.
Stan
Does it not seem odd that the only news to come from Mr Shaefer in who knows how long is on the same day that the SEC suspends trading on 35 pinks. And, where was the concern to make a press release regarding spam mail during the times in which these spam mails occured?
Obviously, the announcement claiming to have clean hands has done nothing to boost the price of RRGI today, but it does lead to suspicions that perhaps, RRGI is at least getting a once over. Don't think for a moment that SEC investigations do not run deep and wide. They only need to look at the pinks slips which violated rules and funnel it by looking at which companies dumped restricted shares.
Read the SEC news first and then the RRGI blurb again for different viewpoint. Something is behind RRGI's sudden action of making a press release.
Stan
Waverunner, You need to get caught up...
First, Welcome to an interesting board.
With all due respect, you need to go back about a month ago where the announcement was made that they could not start shooting, as they needed to acquire "cameras that could film in HD". I am certain that you can enlighten everyone on the scarcity of such video production equipment. I am in agreement with much of what you say. Perhaps you could even make a call to Bexel for RR?
You are correct that I have not produced a TV show, matter of fact, the most professional video I have partaken in was watching the production of a few commercials for a pet hotel that I have a partial ownership in. That three minutes of final product required immense amounts of work product, and, the team hired to do the job of shooting in multiple locations was about ten people, including the talent (three humans, four dogs, two cats and a voice over guy). It was an interesting experience and the amount of script writing, edits, takes, and back end production work was amazing (and costly). That was jsut to end up with a few short commercials. I never knew how it all worked until I saw it first hand. I even got a little hands on with an AVID(?) editing system which chopped it all up digitally and pieced it all back together, another needed step since the commercial was not shot in the same sequence as the spots would air.
Not meaning to bore you with my little production experience but certainly you would agree that there is a ton of work to do with the contestants beyond filming them going counter-clockwise at 80 or 90 mph in a tight circle. Getting professionals to look good for a camera is work in itself and I have to believe that there will be some editing involved. At this point, if it is done well and done fast, it will not be cheap. Would you agree with that statement?
By the way, there also may not be much (if any) head to head racing so one source told us during our inquiry into RR.
To summarize, it has been purported that RR has a production team (apparently without adequate equipment to do the job), but the production team / company is not doing anything for RR at this time that could be confirmed. That would be a problem from my laymen’s viewpoint. No contestants can state that they are on their way down here to sunny FL. That might be another issue. One more point -- does anyone know where all of those national contestant searches took place? In how many cities? I have only seen photos of one spot - but perhaps I missed those as well.
Everyone should also recall that this show was originally to take place over a year ago. I am in agreement with you that the concept sounds good, until you start turning over stones. It would be my guess that they had trouble putting all the pieces together with the track, sponsors, selling a major network, securing the $750k prize that is yet to be found, and on and on.
Yes, I do not claim to be an expert in your business, but I am not bad at mine (turning stones). I can tell you that there is no rational reason why reasonable amounts of information should not be disseminated to shareholders by the management of RR, and there is only one logical conclusion why restricted shares have been sold off regularly. I have always said that if it walks like a duck, looks like a duck, and quacks like a duck, it most likely is just that, a duck.
Good Night All, it’s 18 holes for me in the morning - no scotch, no beer, no bull.
Stan
By all means,
Let us all know where the other four offices are located. Hell, I would bet that they may even have an office on every continent!
Everything could be simply cleared up by getting all the real "facts" from the powers that be.
Now I'm out for a day or two. Race10 has a very valid point my friends. Pump On.
Race10
I provided the phone number of the office complex where RR rents their headquarters. We spoke to them and we spoke to other tenants in the complex who will tell you that RR is basically a mailbox located at 7300 W Camino #225.
This is one of the first things I checked out weeks ago. Go back and read the post I made and I specifically hinted that someone should take the time to check out their office to see if there was business taking place. I already had that information and I even thought that someone close by would show the initiative to pay a visit and then post the appropriate picture of a locked door.
C'mon people, these guys are supposed to be making a major production here of a dozen or so one hour episodes. With any business worth its salt, there should be people engaged and working their butts off (especially if they are behind schedule).
If they could truly do the work needed for RRGI by telecommuting -- Why Rent The Facade Office? Hmmm?
Do you not find it to be very humorous that Mr Schaeffer can take the time to be concerned with alleged illegal spam mail, but offers nothing new regarding the task at hand, i.e, producing a show? Here is a fact: Every month that passes, the principles have the opportunity to dump more of their own restricted shares. Only continued delays and hype can make that possible. That is what is occurring.
Is there any filming being done at this time? No. What next? Are the camera's broken again? Are the cars getting tuned up? Is the track being swept off from last weeks demolition derby? Based upon what I have learned, the only work being done is to calculate what plausible delay can be purported next.
Please Oh Great Powerful Mr. Wizard(s), tell us all what you are doing as RRGI investors have followed the yellow brick road for so long...
Pay no attention to the brothers behind the curtain.....
The next thing you know, there will be some people here arguing that OJ did not do it and he is actively looking for the real killer.
It’s been a fun week but it is almost hot out today. Time to go clean up the grips on the clubs.
Have a great day everyone.
Stan
Hey,
I was just trying to do Scotch a favor and save him some gas money and time driving over to visit that vacant room, aka, the headquarters of RR. I would do the same for any of you, and you can thank me later.
Oh Yes Fatdog
I also know that Hewlett Packard was started in 1939 in a small garage. A couple of Stanford engineers working on their doctorate invented test equipment in that garage.
The difference between HP and RRGI -- H & P were both genious engineers and never sold anyone swamp land in Florida (or online).
Potential investors only need to ask themselves one question; Does RRGI in their 9 x 10 foot room look like the next HP?
Regards Stan,
ps: I had my sect call a couple of rrgi neighbors at 7300 West Camino, they though the place was vacant.
Folks, thats all the time I have for fun today. I do hope you all have a rewarding day.
Stan
Craig,
I don't have a boss.
As for sharing more data - perhaps I will scan a few things and put them out here. But, call your broker and ask then to request some formal rrgi data from the sec. You broker can do research for you. Do this and it becomes your own work product to be proud of it. Learn how to fish for your dinner.
Please
After you click that link -- use the forward button to view the next image, and the next image, and the next.
I agree that you have to walk before you can run. That is a great observation for astute investors but you have to be willing to wake up in order to walk - no insult intended.
Sincere Regards
Stan
Simple, I spent Lunch money on it... just to play fair and state that I own a piece of the action.
Two weeks ago, I had a strong hunch. Today I have more data and knowlege in which to rely upon. As bobo said, pick up the phone and call around. Ask Johnson and Wallace if they do paid appearances -then ask them about RR. And some data is right there in front of your eyes! I can show you how we can calculate the g forces and center of gravity for a car and driver doing 200 on a 1700 foot oval. For the record, I don't believe that I have to loose any sleep about missing the $2 / $4 opportunity.
I'll check back later today or in the morning after all the pumpers and name callers come in. I will say that this has been fun to follow and research because I originally expected something entirely different - based purely on concept.
Sincere Regards
Stan
So why am I here some have asked?
I suppose that does have some basis for evaluating my input, and for those who inspired to spew one-line insults while hiding behind their keyboards, save it. I am thick skinned enough to actually get a kick out of people who cannot exhibit any level of intelligence or coherency when discussing RRGI (or any stock for that matter).
Since someone asked, I would describe myself as being financially comfortable. When you manage funds that are heavy in low risk bonds, your clients are people who are well beyond their prime and no longer seeking to make their fortune but rather desirous to enjoy an income from what they already have. The most difficult part of what I do day to day is fill orders to replace older maturing bonds with new issues with a decent return. Good product has become increasingly hard to find within the present day low cost money and finding high rated six and seven percent yields can make me salivate. Speaking of salivating, the most difficult thing that many of my clients do in their own daily lives is attempt to chew solid food.
This background is important because I have become financially comfortable by helping others make money. Over 70% of my own money is in the funds that my company manages. But, I must say that the boredom associated with bond buying it is not nearly as exciting as making a hit by sticking my neck out a bit. I so much more enjoy making a few grand on Google in a day than watching bonds slowly spin off an income.
I’ll be the first to admit that what you folks do here is exciting and can be rewarding when the game is fairly played. What the markets are supposed to do is provide everyone a fair opportunity to win or loose equally. And, this is where naïve investors can get into trouble with obscure organizations such as RRGI. To correct what someone alluded to below, the principles do not win and loose equally with investors because the basis in their shares is zero – they gave themselves millions of shares. In the case of RRGI, they issued shares to themselves at .0001 per share. How many shares were investors offered at .0001?
Back on the point of why I staggered upon this site and chose to participate. One of our office staff is a single young woman with a teenage son. Both she and her son love Nascar and what I know about the sport of racing has been gathered through market interests. When Sharla (her real name) approached me about RRGI, I expected to find something different than what I now view as a modern scam using Internet PR and blogs. I am glad she approached me about RRGI before loosing her money (which is what would have happened since she does not trade daily). But on the extreme slight chance that I am wrong, I told her to buy it on the way up when RRGI rockets up to $2 - $4 a share as some have wildly speculated. In the mean time – she will keep her money in eBay and hope that Whitman steps down.
It is unfortunate that with penny stocks, the concept of making money along side of everyone else is seldom followed – and in the case of RRGI, you are left to wade through lots of muck to find the truth. So what do I know today about RRGI vs almost two weeks ago? Well, several things. I now have the contact data (and cel #’s) of the brothers right down to the latest home address. I know what public records exist on them. More importantly, I have confirmed that they have been selling their own shares of RRGI. But don’t take my word for it; this is all attainable information if you know how and who to get it from. Suffice it to say that there has been a substantial amount of sec 144 shares dumped into the market. As everyone is well aware, you don’t dump if you know your product will soon be making large gains in a month, do you? Now before some of you spout off and call me a liar, I have certainly done my DD as you like to say - hence my delayed participation. Call the production company and ask then how many years ago they upgraded to HD equipment. For those unaware, all of the “delays” are necessary because of the monthly limits placed on sale of restricted shares subject to rule 144. Wake up people – that is why there have been constant delays.
Moving on to the current news because I feel compelled to discuss idiocy of the latest RRGI announcement!
I am very amused that even when the track announcement was made below, some of the devout followers of RRGI in this forum were actually excited. I suppose that any news with this pig is something to be excited about! Reality Racing is stating that this epic series will now be held on a track that is about the circumference of the first row seating area around a NFL football field. Guess what? You cannot exceed 100 mph on this 1700 foot long mini track with its 500 foot straight stretch followed by the immediate gear down to schmooze through the near hairpin turns at 45 mph. How exciting will this be to watch at 9:00 AM?
Does this new announcement conform to the hype on the website and banter of the press releases? The website specifically states “Are you ready to chase your dreams at 200 mph?”, leading one to believe that contestants will be racing at high speeds. Is a 1700 foot oval Nascar? NO, it is not. This is a track where the local residents trailer in their home built race cars for some Friday night fun and a weekly beer money. To move to this type of track is yet another sign that RRGI management could not contract with a REAL NASCAR VENUE. Why? Because as I stated almost two weeks ago, Nascar is not open to contest winners. If you are still naïve enough to swallow the RRGI bait and hook, look for me playing at Augusta National this year. I’ll be the one in the green jacket at the end.
Being unable to accomplish what they have originally promised and advertised, RRGI is now operating in a CYA mode. It just might be time for them to update that website unless they really think that a car can do 200 mph laps at the Bronson track every five seconds with drivers tolerating a constant 5-7 g’s!
Just one more thing. Have any of you so-called contestants out there located your $750k prize money? You might do that before you quite your day jobs. Perhaps you can elaborate on that big cancellation clause in this contract? Oh, I almost forgot about the non-disclosure disqualification clause!
Tick Tock Tick Tock… the time is running out on this one. Anyone care to hedge a bet with me that there is going to be another delay?
Bonded1
PS
I am sure SPIKE will be proud to air this from the Bronson track and I can fully understand how difficult it would be to find these race cars:
http://www.bronsonmotorspeedway.com/gallery/album04/040106_1_65_thundercar
Wow,
I spend half an hour making a post to this forum and receive lots of private hate mail. I am not looking to "chat" or argue with people here, but like many others, only seeking the real meat and potatoes about rrgi and the history of the backers and founders of rrgi.
Before I lost my medical, I held a private pilots license and logged over 1400 hours in single and twin-engine aircraft. The death spiral is a common cause of many airplane crashes. It goes like this:
It usually occurs during night flights or by non-instrument rated pilots finding themselves in instrument meteorological conditions. The pilot becomes spatially disoriented with no visual reference to the horizon or ground below. The darkness and lack of vision fool the pilot into believing that he is wings and attitude level when in fact, he is in a thirty-degree bank and loosing altitude. He flies in circles until he impacts the ground.
Like so many things that our senses can tell us, being kept in the dark with nothing familiar on the horizon leads to the same impact -- be it trading stocks and bonds or flying aircraft.
Where is all the reliable and verifiable data on RRGI?
Hi bo-bo26,
Stan is my name and I manage retirement accounts for old blue bloods. I've seen it all in my 40+ years in business. I mainly deal with muni bonds and seldom ever look at pinks but as I stated, an associate is a huge NASCAR fan and has been dabbling in this one and wanted my 2 cents worth. I decided to share my own opinions when this forum was one of the few information sources I could find beyond PR rhetoric.
Unless some real verifiable meat is put on the table, RRGI is on the downward death spiral and should make an impact within a month.
Why are the Schaefer brothers not providing shareholder information on a regular basis and not making formal disclosures? My guess would be that they are operating in a cya mode at this point. Perhaps my instincts are wrong but I doubt it.
What reality show keeps its own contestants uninformed and in the dark? I understand controlling what they can speak about, but not keeping them uninformed. For the contestant who monitors this board, can you tell us where the $750k winner package is banked? Certainly contestants are being given some level of surity before they run off and leave their jobs for months to do all the filming for 15 episodes or whatever it is...
Whenever I research a company and find that there is a lot more to be negative about than positive (especially when researching the players), that is usually a sign that something is wrong. Everything about rrgi looks shady, and I know many respectable used car salesmen.
Whoever dumped 1.4 mil shares yesterday did the right thing in my opinion. Once again, can someone contact the Shady brothers and find out how many shares they started with and how many shares they are holding? There are people who have posted here who claim to know them well enough to request information for the benefit of others who wish to or have already invested. It will be interesting to see what happens at the end of the death spiral should that be what occurs - don't you agree?
Is this Truly Reality or Just All Hype?
I am newly registered here but for the record, and to satisfy the separation of the “haves” and “have nots” – I now own a very small amount of RRGI. So I now have a dog in the hunt!
By request from a co-worker, I have researched RRGI for her and this is my assessment. Below is my Doom and Gloom Top 10 List for pink slip RRGI. (This is a long Post)
1) The audited financials: The statement is simply that “accounting procedures have been followed”. That is the extent of the “audit”. It does not attest that the principals involved have acted within the bounds of their fiduciary responsibility to shareholders – far from it. Read those posted financial statements that one contributor to this forum continually directs people to. Do the expenses appear to be in line with most ventures capable of spinning off tens or hundreds of millions of dollars? Hardly so. Forget about the fact that the financials are dated.
2) The pumped up $750k first place prize: Where is that guaranteed? The truth is, it is not. There is no pot of gold set aside for the “winner” of Reality Racing. Let’s presume that the coveted RR gold championship ring is worth a generous $1k. Where is the remaining $749k? Is it in the obtrusive contract with a real NASCAR Race Team? Contract to do what? Wash the cars? Real Reality Shows are backed up with Real Dollars. Would RRGI care to itemize all those cash prizes and place them in escrow? I’d bet that the brothers would have to pull the money back out of their own pockets in order to do so. And yes, I did say “back out of their own pockets”. Some here have worried about dilution. I would bet that those behind RRGI are dumping at every opportunity – even at 8 cents. Perhaps the principal parties of RRGI would like to disclose in an affidavit to shareholders the number of shares they have sold and the dates they dumped them?
3) The show theme: 15 amateurs racing against the clock on TV. An amateur taking a few stag laps around the oval is commonly known as the “NASCAR Driving Experience”, and the opportunity to do this can be found at most tracks around the country. For about $300 bucks, anyone can take a few laps in a stock car and open it up on the straight stretch. Toss a few video cameras in the mix and you have Reality Racing. Cars going solo on any track are pretty boring to watch and I could not imagine real NASCAR fans tuning in for longer than a commercial break. You cannot get the most avid NASCAR fans to watch the time trials of their favorite drivers. Finally, to make any show interesting requires lots of planning, scripts, shoots, re-shoots, edits, more edits for voice overlays, followed by professionals spending hundreds of more hours in front sophisticated editing systems to end up with a single hour of final product. Reality shows are not like filming the news and the cost to produce a quality product is enormous. The Apprentice was not shot four days before it aired – it was shot months ago.
4) The Race Team Contract: The winner among 15 amateurs who have taken a few laps solo on an oval track is far removed from being able to compete as a driver in a real NASCAR event. Contest winners do not get the privilege to race in NASCAR because it simply does not work that way. This would be the equivalent of a putt-putt contest winner being teamed up with Tiger Woods at the US Open. To think that an amateur with 1, 6, or even 24 months driving experience could compete at the pro level driving million dollar race cars in a crowded field of professionals is absurd and belittles the sport of auto racing.
5) The hosts: The only thing that can be said is that the experience level of the host and hostess is equivalent to the experience of the management team producing this reality TV show. No offence to Ms Real, but most Vegas call girls have attended political parties, and oh my, that sexy shot actually reminds me of the calling cards handed out on most Vegas street corners. This image does not look very professional even among the NASCAR crowd, yet alone as a captivating image for would-be sponsors. Hey, where is the sexy pose of Burke for all the ladies out there?
I was also able to find several other ventures by both Shaeffers’ and there is no experience base that I could find by either brother(?) producing a successful TV show. I did find several past formed business entities registered in Florida, all of which lead to dead ends (but, no used car dealerships). Perhaps I did not dig deep enough to find their full resumes unveiling all the media expertise and therefore I might be easily proven wrong on this issue.
6) Spike TV Deal: Is 9:00 AM on a Saturday prime time? Or, is this one of the affordable time slots where most cable infomercials air? It seems that Spike has aired infomercials in the past with many having the appearance of real TV shows. I agree with others who posted below. Why not disclose to shareholders the pertinent details of the agreement with Spike. I would bet that Ron Popeil and the dice-o-matic could buy out the time slot of Reality Racing!
7) The mystique: Ah yes, the thrill and mystery to be found in non-disclosure. Wild speculation and the continued call urging the masses to have faith, buy more shares, and hang in there for what will certainly be a sure thing. It appears that there may even be a few “shills” appearing within this forum – a classic P&D boiler room tactic. Once again, there are ample opportunities and forums for managerment to properly communicate to shareholders, but the management team seems to be very silent for some reason. Communication and transparency would seem to be expected of a properly run publicly traded company. Ever wonder why there is so much silence?
8) Time Delays & Excuses: As someone pointed out far below, most all professional grade equipment made in the past five years can tape in HD format. Canon makes semi-pro products with this capability (about $6k each to buy). HD is more a broadcast function than a function of recording since most CCD cameras record at a higher resolution than broadcast NTSC Hi Def. This excuse appears be more spin. Certainly the company contracted to produce this epic racing series would be amply equipped with professional grade recording equipment – but RRGI does not appear on their website as a currently listed project. And, the latest excuse is that there was a new delay in getting more cars? Would that be more $15k “race cars” like the prop shown on the website and sporting all those stickers? This car appears to be the 15K expense that was purchased and listed in the financial statement. Cars? Ooops! Someone forgot to line up the cars! If you were Mr. Schaeffer, how could you even think it would be a good excuse to admit that?
9) History is Reality: Successful stocks that started as pink slips have all had tangible or intellectual property and were subsequently purchased by larger competitive corporations. What is there of value in Reality Racing that would be of value to a major network?
10) Buzz Buzz but no honey: Lots of news wires going out, all of which are initiated by a PR firm, and they always convey the same very vague message. Most press releases are only picked up online. Has anyone visited RRGI’s office? Would you care to post a few photo’s here or share your experience when you visited?
I could go on and on but this is my prediction of what will happen. If RRGI airs at all, it will be a boring one hour episode with the immediate cancellation afterwards. The airing or attempt to air a show will function as a basis by which to show good faith. The principals will attempt to turn their backs on the investors and contestants and claim that they acted with due diligence in producing their dream while complying with all trade regulations required of them. RRGI smells like a pig, but this is just my opinion based upon the limited information available after several hours of wading through the hype of 18 months of scripted news wires.
Ask yourself this: If your company tanked below a dime, would you not produce something beyond mere unsubstantiated press releases in order to reverse that trend? Certainly you would if you had any common sense and the desire to produce a real and viable product. But if your motives are something else – perhaps the mission has already been accomplished.
Disclaimer: Statements made by me are simply my personal opinion and investors or potential investors should do their own research and as the author of my personal statements, I cannot be held liable for recommendations, either positive or negative, provided on this site.