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Would it be legal for them to give me the wrong share structure?
It looks favorable.
This is part of it so I should not post the rest of it.
Jexxx, here is the latest share count. we're not releasing it publicly because every public release we let out, they attack. About x% of shareholders are protecting their shares by requesting them in certificate form.
Well, he answered my email and gave me the current share structure.
edit
I believe he is diluting right now,if not he should respond.
he has already made his decision.
Posted by: bearclaw51
In reply to: jen8554 who wrote msg# 32853 Date:12/3/2007 12:07:06 PM
Post #of 32856
So wait...Alans decisions on if to dilute or not are tied to your emails? Huh?
--------------------------------------------------------------------------------
Elliot Ness...locked and loaded...fire!!!
Here is an email I sent to alan this morning.If he responds I will post it if not he may be diluting.
Management,
What happened to the monthly share updates?I was thinking of buying more shares but I want to make sure the float has not increased,we need a PR telling us the current SS.
Extreme Motorsports Appeals to Shareholders to Assist in Combating Naked Short Selling
Many shareholders have done what you asked and we have not seen any movement in the PPS,what are you doing about the PPS?
sincerely,
Jexxx xxxxxxxx
PS
If there is no responce to this email I have to assume you are diluting.
Has alan responded to your emails?If so, why dont you share them?
I see alot of people trying to bash highline,far as I can see he is giving the facts and DD on this board.
If you are sick of highlines post you (and everyone else) should start putting pressure on alan mccaa and the management to follow through.
Posted by: gettingby
In reply to: flyspeck40 who wrote msg# 32764 Date:11/30/2007 10:19:40 PM
Post #of 32818
It is a glitch. I've been trying to sell 2,000,000 shares @ .0003 for weeks and it still shows as an open order.
Here is an email I recieved from alan some time back,I think alan is a dreamer that is over his head.
----- Original Message -----
From: Alan McCaa
To: jexxx
Sent: Tuesday, September 11, 2007 5:53 PM
Subject: Re: shareholder
I'm sorry you don't understand. We've made all all our plans perfectly clear and re-emphasized them in our news letter. With the new facility it gives us the capability to manufacture thousands of cars per year or up to a billion dollars in sales potentially. It's all part of the plan to be the largest and best in the world.
The private placement we did utilizes restricted shares that do not even go into the market. Thus not affecting anything you own.
Most of our shareholders that we've talked to really get it and realize where we will be at the completion of our business plan. Some still don't. We've tried to explain it over and over and over again through press releases, audio interviews, our newsletter and more.
Imagine it this way:
When digging the basement of the empire state building, many complained that it didn't look like a building and they couldn't see how a building would come out of a big hole in the ground. When the foundation was finished and the first five floors went up, those same people complained that it was supposed to be the tallest building and that those floors didn't look like the tallest building in the world. As the building was being built, many said it wasn't going fast enough. Since it was the first of it's kind, work may have seemed slow, however, in the end, it set records on how fast the goals were accomplished. Finally when it was completed, some said it was too tall and that people wouldn't never want to go inside of it.
The story as two lessons:
#1 - No matter what was accomplished, some never saw the real and entire scope and just complained. Even after it was done and was unbelievably beautiful, they still found fault. If it hadn't been built at all, they would have complained that builders were not innovative enough.These type of people are unhappy no matter what happens.
#2 - That same building (that the above people simply didn't get it) is an icon, attracts millions in tourism and real estate dollars, is recognized around the world and is unbelievable to visit in person. Those that started building that building new what the end result would be from the beginning and when it was done, was even better than they anticipated.
All i can say to shareholders is, are you a number 1 person or a number 2 person. Only the individual shareholder can answer that question. We know where we are and where we will end up.
If alan was selling to the MM at .00009 and the MM are selling to shareholders at.0001 for a 10% gain the volume would be double.
Could it be that alan is selling at.00009 and the MM are reselling at .0001,and a fat fingered trade came up at.0009?
If they were covering FTD wouldnt the PPS increase with the volume?Is alan selling shares to them so they can cover?
110 million shares traded so far today,looks like the dump continues.
I have not requested certs,but it would be interesting to find out what is the count of certs that have been requested.
email from alan
Just letting everyone know that our email address has changed to extremesandcars@yahoo.com
Looks like you were wrong.
The reason the PPS is so low is alan,I think everyone should start calling,email, or stop by his shop and ask WTF are you doing?
We need alan to follow through on his PRs.
The website has not been updated since Feb 2007.
If alan would start following through with what he PRd then there would be less to bash about this company,we might even see an uptick!
looks like we are loosing the bids at .0001
http://partners.microcaptrade.com/export/level2.jsp?symbol=etmo
5 MM on the bid 18 on the ask
Email I recieved
Made in USA Industries, thinks you would be quite interested in - MADE IN USA MAGAZINE
-----------------------------------------------------------------------------------
Message from Madeinusamag.com:
Home of the Complete Made in USA products and companies!
Raising the public awareness about quality made in USA goods and the
obstacles that our companies face competing in a global economy.
- Complete Product Directory
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- All the Latest News
- And much more...
So don't wait - check out madeinusamag.com RIGHT NOW!!!!
**********************************************
new email for extreme
Just letting everyone know that our email address has changed to extremesandcars@yahoo.com
--------------------------------------------------------------------------------
Be a better sports nut! Let your teams follow you with Yahoo Mobile. Try it now.
Sure seems to be a lot of shares for sale at .0002 are you sure AM is not selling any?
Posted by: Hack
In reply to: None Date:3/7/2004 8:22:47 PM
Post #of 193700
Naked Short Selling Explained for the IBOX
Wonder if management have read the book on "Cellar Boxing"?
“CELLAR BOXING”
There’s a form of the securities fraud known as naked short selling that is becoming very popular and lucrative to the market makers that practice it. It is known as “Cellar boxing” and it has to do with the fact that the NASD and the SEC had to arbitrarily set a minimum level at which a stock can trade. This level was set at $.0001 or one-one hundredth of a penny. This level is appropriately referred to as “the cellar”. This $.0001 level can be used as a "backstop" for all kinds of market maker and naked short selling manipulations.
“Cellar boxing” has been one of the security frauds du jour since 1999 when the market went to a “decimalization” basis. In the pre-decimalization days the minimum market spread for most stocks was set at 1/8th of a dollar and the market makers were guaranteed a healthy “spread”. Since decimalization came into effect, those one-eighth of a dollar spreads now are often only a penny as you can see in Microsoft’s quote throughout the day. Where did the unscrupulous MMs go to make up for all of this lost income? They headed "south" to the OTCBB and Pink Sheets where the protective effects from naked short selling like Rule 10-a, and NASD Rules 3350, 3360, and 3370 are nonexistent.
The unique aspect of needing an arbitrary “cellar” level is that the lowest possible incremental gain above this cellar level represents a 100% spread available to MMs making a market in these securities. When compared to the typical spread in Microsoft of perhaps four-tenths of 1%, this is pretty tempting territory. In fact, when the market is no bid to $.0001 offer there is theoretically an infinite spread.
In order to participate in “cellar boxing”, the MMs first need to pummel the price per share down to these levels. The lower they can force the share price, the larger are the percentage spreads to feed off of. This is easily done via garden variety naked short selling. In fact if the MM is large enough and has enough visibility of buy and sell orders as well as order flow, he can simultaneously be acting as the conduit for the sale of nonexistent shares through Canadian co-conspiring broker/dealers and their associates with his right hand at the same time that his left hand is naked short selling into every buy order that appears through its own proprietary accounts. The key here is to be a dominant enough of a MM to have visibility of these buy orders. This is referred to as "broker/dealer internalization" or naked short selling via "desking" which refers to the market makers trading desk. While the right hand is busy flooding the victim company's market with "counterfeit" shares that can be sold at any instant in time the left hand is nullifying any upward pressure in share price by neutralizing the demand for the securities. The net effect becomes no demonstrable demand for shares and a huge oversupply of shares which induces a downward spiral in share price.
In fact, until the "beefed up" version of Rule 3370 (Affirmative determination in writing of "borrowability" by settlement date) becomes effective, U.S. MMs have been "legally" processing naked short sale orders out of Canada and other offshore locations even though they and the clearing firms involved knew by history that these shares were in no way going to be delivered. The question that then begs to be asked is how "the system" can allow these obviously bogus sell orders to clear and settle. To find the answer to this one need look no further than to Addendum "C" to the Rules and Regulations of the NSCC subdivision of the DTCC. This gaping loophole allows the DTCC, which is basically the 11,000 b/ds and banks that we refer to as "Wall Street”, to borrow shares from those investors naive enough to hold these shares in "street name" at their brokerage firm. This amounts to about 95% of us. Theoretically, this “borrow” was designed to allow trades to clear and settle that involved LEGITIMATE 1 OR 2 DAY delays in delivery. This "borrow" is done unbeknownst to the investor that purchased the shares in question and amounts to probably the largest "conflict of interest" known to mankind. The question becomes would these investors knowingly loan, without compensation, their shares to those whose intent is to bankrupt their investment if they knew that the loan process was the key mechanism needed for the naked short sellers to effect their goal? Another question that arises is should the investor's b/d who just earned a commission and therefore owes its client a fiduciary duty of care, be acting as the intermediary in this loan process keeping in mind that this b/d is being paid the cash value of the shares being loaned as a means of collateralizing the loan, all unbeknownst to his client the purchaser.
An interesting phenomenon occurs at these "cellar" levels. Since NASD Rule 3370 allows MMs to legally naked short sell into markets characterized by a plethora of buy orders at a time when few sell orders are in existence, a MM can theoretically "legally" sit at the $.0001 level and sell nonexistent shares all day long because at no bid and $.0001 ask there is obviously a huge disparity between buy orders and sell orders. What tends to happen is that every time the share price tries to get off of the cellar floor and onto the first step of the stairway at $.0001 there is somebody there to step on the hands of the victim corporation's market.
Once a given micro cap corporation is “boxed in the cellar” it doesn’t have a whole lot of options to climb its way out of the cellar. One obvious option would be for it to reverse split its way out of the cellar but history has shown that these are counter-productive as the market capitalization typically gets hammered and the post split share price level starts heading back to its original pre-split level.
Another option would be to organize a sustained buying effort and muscle your way out of the cellar but typically there will, as if by magic, be a naked short sell order there to meet each and every buy order. Sometimes the shareholder base can muster up enough buying pressure to put the market at $.0001 bid and $.0002 offer for a limited amount of time. Later the market makers will typically pound the $.0001 bids with a blitzkrieg of selling to wipe out all of the bids and the market goes back to no bid and $.0001 offer. When the weak-kneed shareholders see this a few times they usually make up their mind to sell their shares the next time that a $.0001 bid appears and to get the heck out of Dodge. This phenomenon is referred to as “shaking the tree” for weak-kneed investors and it is very effective.
At times the market will go to $.0001 bid and $.0003 offer. This sets up a juicy 200% spread for the MMs and tends to dissuade any buyers from reaching up to the "lofty" level of $.0003. If a $.0002 bid should appear from a MM not "playing ball" with the unscrupulous MMs, it will be hit so quickly that Level 2 will never reveal the existence of the bid. The $.0001 bid at $.0003 offer market sets up a "stalemate" wherein market makers can leisurely enjoy the huge spreads while the victim company slowly dilutes itself to death by paying the monthly bills with "real" shares sold at incredibly low levels. Since all of these development-stage corporations have to pay their monthly bills, time becomes on the side of the naked short sellers.
At times it almost seems that the unscrupulous market makers are not actively trying to kill the victim corporation but instead want to milk the situation for as long of a period of time as possible and let the corporation die a slow death by dilution. The reality is that it is extremely easy to strip away 99% of a victim company’s share price or market cap and to keep the victim corporation “boxed“ in the cellar, but it really is difficult to kill a corporation especially after management and the shareholder base have figured out the game that is being played at their expense.
As the weeks and months go by the market makers make a fortune with these huge percentage spreads but the net aggregate naked short positions become astronomical from all of this activity. This leads to some apprehension amongst the co-conspiring MMs. The predicament they find themselves in is that they can’t even stop naked short selling into every buy order that appears because if they do the share price will gap and this will put tremendous pressures on net capital reserves for the MMs and margin maintenance requirements for the co-conspiring hedge funds and others operating out of the more than 13,000 naked short selling margin accounts set up in Canada. And of course covering the naked short position is out of the question since they can’t even stop the day-to-day naked short selling in the first place and you can't be covering at the same time you continue to naked short sell.
What typically happens in these situations is that the victim company has to massively dilute its share structure from the constant paying of the monthly burn rate with money received from the selling of “real” shares at artificially low levels. Then the goal of the naked short sellers is to point out to the investors, usually via paid “Internet bashers”, that with the, let’s say, 50 billion shares currently issued and outstanding, that this lousy company is not worth the $5 million market cap it is trading at, especially if it is just a shell company whose primary business plan was wiped out by the naked short sellers’ tortuous interference earlier on.
The truth of the matter is that the single biggest asset of these victim companies often becomes the astronomically large aggregate naked short position that has accumulated throughout the initial “bear raid” and also during the “cellar boxing” phase. The goal of the victim company now becomes to avoid the 3 main goals of the naked short sellers, namely: bankruptcy, a reverse split, or the forced signing of a death spiral convertible debenture out of desperation. As long as the victim company can continue to pay the monthly burn rate, then the game plan becomes to make some of the strategic moves that hundreds of victim companies have been forced into doing which includes name changes, CUSIP # changes, cancel/reissue procedures, dividend distributions, amending of by-laws and Articles of Corporation, etc. Nevada domiciled companies usually cancel all of their shares in the system, both real and fake, and force shareholders and their b/ds to PROVE the ownership of the old “real” shares before they get a new “real” share. Many also file their civil suits at this time also. This indirect forcing of hundreds of U.S. micro cap corporations to go through all of these extraneous hoops and hurdles as a means to survive, whether it be due to regulatory apathy or lack of resources, is probably one of the biggest black eyes the U.S. financial systems have ever sustained. In a perfect world it would be the regulators that periodically audit the “C” and “D” sub-accounts at the DTCC, the proprietary accounts of the MMs, clearing firms, and Canadian b/ds, and force the buy-in of counterfeit shares, many of which are hiding behind altered CUSIP #s, that are detected above the Rule 11830 guidelines for allowable “failed deliveries” of one half of 1% of the shares issued. U.S. micro cap corporations should not have to periodically “purge” their share structure of counterfeit electronic book entries but if the regulators will not do it then management has a fiduciary duty to do it.
A lot of management teams become overwhelmed with grief and guilt in regards to the huge increase in the number of shares issued and outstanding that have accumulated during their “watch”. The truth however is that as long as management made the proper corporate governance moves throughout this ordeal then a huge number of resultant shares issued and outstanding is unavoidable and often indicative of an astronomically high naked short position and is nothing to be ashamed of. These massive naked short positions need to be looked upon as huge assets that need to be developed. Hopefully the regulators will come to grips with the reality of naked short selling and tactics like "Cellar boxing" and quickly address this fraud that has decimated thousands of U.S. micro cap corporations and the tens of millions of U.S. investors therein.
Does anyone have a current L2?
The one I have is delayed and doesnt look right.
http://partners.microcaptrade.com/export/level2.jsp?symbol=etmo
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=etmo&tabValue=3
BUYINS.NET: Extreme Motorsports of California, Inc. (ETMO) SqueezeTrigger Price is $0.0025. Approximately 441.5 Million Shares Shorted Since September 2006 According to Buyins.net Research Report
Oct 15, 2007 (M2 PRESSWIRE via COMTEX) -- BUYINS.NET, www.buyins.net, is reiterating coverage of Extreme Motorsports of California, Inc. (OTC: ETMO) after releasing the latest short sale data to October 2007. From September 2006 to October 2007 approximately 5.7 billion total aggregate shares of ETMO have traded for a total dollar value of nearly $14.5 million. The total aggregate number of shares shorted in this time period is approximately 441.5 million shares. The ETMO SqueezeTrigger price of $0.0025 is the volume weighted average short price of all short selling in ETMO. The first of several short squeezes is expected to begin when shares of ETMO close above $.0002, where approximately 12.5 million shares have been shorted. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.
Month Total Vol. Short Vol Avg.Price $Value
Sep 06 871,728 67,123 $.4300 $28,863
Oct 384,492 29,606 $.1800 $5,329
Nov 2,586,923 199,193 $.1200 $23,903
Dec 9,070,365 698,418 $.0535 $37,365
Jan 07 28,699,086 2,209,830 $.0102 $22,540
Feb 356,084,960 27,418,542 $.0143 $392,085
Mar 771,139,328 59,377,728 $.0046 $273,138
Apr 602,870,912 46,421,060 $.0020 $92,842
May 1,056,046,208 81,315,558 $.0012 $97,579
June 1,867,230,592 143,776,756 $.0008 $115,021
July 476,675,680 36,704,027 $.0005 $18,352
Aug 299,573,152 23,067,133 $.0003 $6,920
Sep 162,977,600 12,549,275 $.0002 $2,510
Oct 100,126,336 7,709,728 $.0003 $2,313
Tot 5,734,337,362 441,543,977 $.0025 $1,118,761
*short volume is approximated using a proprietary algorithm.
**average short price is calculated using a volume weighted average short price.
***short volume is the total short trade volume and does not account for covers.
About Extreme Motorsports of California, Inc.
Extreme Motorsports of California, Inc. operating under the trade name "Xtreme Motorsports," is a manufacturer of custom and production-line sandrails, desert and dual sport racecars. Founded in 1983, Extreme's sandcars have been sold to customers in England, the United Arab Emirates, Australia, South America and the US. For more information, visit the corporate web site www.xmssandcars.com.
About BUYINS.NET
WWW.BUYINS.NET is a service designed to help bonafide shareholders of publicly traded US companies fight naked short selling. Naked short selling is the illegal act of short selling a stock when no affirmative determination has been made to locate shares of the stock to hypothecate in connection with the short sale. Buyins.net has built a proprietary database that uses Threshold list feeds from NASDAQ, AMEX and NYSE to generate detailed and useful information to combat the naked short selling problem. For the first time, actual trade by trade data is available to the public that shows the attempted size, actual size, price and average value of short sales in stocks that have been shorted and naked shorted. This information is valuable in determining the precise point at which short sellers go out-of-the-money and start losing on their short and naked short trades.
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The SqueezeTrigger database collects individual short trade data on over 7,000 NYSE, AMEX and NASDAQ stocks and general short trade data on nearly 8,000 OTCBB and PINKSHEET stocks. Each month the database grows by approximately 50,000,000 short sale transactions and provides investors with the knowledge necessary to time when to buy and sell stocks with outstanding short positions. By tracking the size and price of each month's short transactions, BUYINS.NET provides institutions, traders, analysts, journalists and individual investors the exact price point where short sellers start losing money and a short squeeze can begin.
All material herein was prepared by BUYINS.NET, based upon information believed to be reliable. The information contained herein is not guaranteed by BUYINS.NET to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. Extreme Motorsports of California, Inc. has paid $995 per month to purchase data for information provided in 6 monthly reports. The data service can be cancelled at any time. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. BUYINS.NET is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein. BUYINS.NET will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.
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-0-
In the newsletter it said 24,000,000 shares is 6.75% of the float that would put the float around 350,000,000 shares.Has anyone emailed alan to confirm?If he was giving out the monthly share structure like he said, we would know.
RRGI up 211%
.026x.028
Up 120% on low volume.
RRGI up 100%
RRGI up 100%
RRGI up 77%
Edit.
I was in this stock before I had an avarage of .033 stayed in to long and sold at .18.
I watched this stock since last fall,alias was born on april 24 first post was after I sold in May,when i was looking to get in another stock.
Looks like your stock is having a good day.
The stock is up 44%.
I'm here to post about RRGI and all matters involving the company and it's stock. That is what the board is for, after all.
Look it up.
Flatsixer
RRGI new owners, up 25%
Reality Racing Shifts Gears With Approval of Sandler Communications Purchase Agreement
Friday September 28, 9:31 am ET
BOCA RATON, Fla., Sept. 28 /PRNewswire-FirstCall/ -- Reality Racing, Inc. (Pink Sheets: RRGI - News) announced today that a group of investors led by Sandler Communications, Inc., have agreed to purchase 61,000,000 shares of its restricted stock, giving the Sandler Group a majority position in the company. In addition to the share purchase agreement, Sandler has successfully negotiated for the extension, reduction and modification of several long-standing Company debts, totaling approximately $1,250,000.
ADVERTISEMENT
Reality Racing -- The Rookie Challenge premiered on Spike TV May 19th, 2007. The show has been described by journalists as "NASCAR meets American Idol," and became a vital part of Spike's PowerBlock of automotive and motorsports programming. The PowerBlock, including Reality Racing, Bullrun, and Trucks!, was the market leader amongst male audiences 18 to 49 years of age, and achieved the highest ratings of any fully-distributed cable channel during that time period, as reported by Viacom (http://www.viacom.com/pdf/pulse%202q%202007%20final.pdf)(See page 6).
For more information about Reality Racing, visit the company webpage at: http://www.realityracingtv.com
About Sandler Communications Inc.
Sandler Communications is headquartered in Houston, TX, with satellite offices in New York, California, Florida, Canada and the UK. The firm is an investor relations and financial public relations firm, specializing in ESI, electronic discovery, Sarbanes-Oxley compliance, and the creation of XBRL-enabled streaming-data management systems for automation of electronic disclosure. Although the firm is primarily dedicated to servicing the investor relations needs of its clients, it also focuses on public relations and financial consulting. Sandler Communications is a proud member of NIRI, ACG, PRSA, XBRL US, SBA, GTS, SCIA, ACN, PRMIA, NYSSA, TexChange, AAWC, and the BBB. The firm promotes careful study of securities laws and professional risk management, and has made a strong commitment to help enhance investor education and awareness worldwide, particularly amongst the over-the-counter markets where investors face the highest likelihood of corporate fraud and fiduciary irresponsibility damaging their equity.
For more information about Sandler Communications, visit the company webpage at http://www.sandlercommunications.com
For investor relations inquiries:
Gabe Sandler
Sandler Communications, Inc.
866-772-0118
info@sandlercommunications.com
Safe Harbor:
Forward-looking statements made in this release are made pursuant to the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements made by Reality Racing Incorporated are not a guarantee of future performance. This news release includes forward-looking statements, including with respect to the future level of business for the parties. These statements are necessarily subject to risk and uncertainty. Actual results could differ materially from those projected in these forward-looking statements as a result of certain risk factors that could cause results to differ materially from estimated results. Management cautions that all statements as to future results of operations are necessarily subject to risks, uncertainties and events that may be beyond the control of Reality Racing Incorporated and no assurance can be given that such results will be achieved. Potential risks and uncertainties include, but are not limited to, the ability to procure, properly price, retain and successfully complete projects, and changes in products and competition.
RRGI is worth taking a look at nice L2.