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I emailed David and he said that any pertinent information will be released soon. All in accordance to filing rules & reguations.
I just received a pump mailer for CSUH, probably good for a 15 - 20% pop.
OT: I just received a pump mailer for CSUH, probably good for a 15 - 20% pop.
Wouldn't we only get a dividend (shares in the new company) if it were a publicly traded company? Maybe those are some of the details that are being worked out now.
The company would now exist as a brake fluid company only, I guess. Diecast sold, pitstop studio and driversdigs never went anywhere. I thought they had great potential too. oh well.
Any one who takes anything they read on a "blogging"/"message board" to heart has some problems.
My suggestion to everyone is go to the source with an open mind and you will get whatever answers you need.
This will be my only post today as I am very busy, off to school and to buy a new van.
Good luck to all!
You must like the thin ice.
Obviously all that we can do is guess as to what happened or is happening until a PR or filing is made. I know Dave is current on all filings and would not be delinquent if one is currently necessary. Here is the original PR that outlined what was to happen with scalecars.com:
MotorSports Emporium Announces Stock Dividend
Tuesday October 17, 12:04 pm ET
Board Approves Dividend of Scottsdale Diecast, Inc. Shares
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--MotorSports Emporium, Inc. (OTCBB: MSEP - News) today announced the planned spin-off of its subsidiary Scottsdale Diecast, Inc.
The Board of Directors for MSEP has approved and set a record date of November 6, 2006, for the proposed dividend and spin-off of its subsidiary Scottsdale Diecast, Inc. The Board declared a dividend of one share of common stock of Scottsdale Diecast for each share of MotorSports Emporium common stock held by shareholders on November 6, 2006. Approximately 12% of Scottsdale Diecast, Inc. shares will be distributed in the dividend.
David Keaveney, president and chief executive officer, stated, "I am very pleased to announce the first step in the proposed spin-off of Scottsdale Diecast, which will allow Scottsdale Diecast to become a separate operating company from MotorSports Emporium. The dividend and proposed spin-off are important achievements for both MSEP and Scottsdale Diecast. The spin-off of Scottsdale Diecast allows independence for both companies to pursue their respective growth strategies and focus on their own distinctive markets. We are extremely excited about the prospects for both companies moving forward."
MotorSports Emporium has approximately 480 million shares of common stock issued and outstanding. After giving effect to the previously announced 1:225 share reverse stock split, which will take effect on October 31, 2006, MotorSports Emporium will have approximately 2,150,000 shares outstanding. Therefore, shareholders of record on November 6, 2006, will receive one share of Scottsdale Diecast for each share of MotorSports common stock held on such date. MotorSports Emporium will issue approximately 2,150,000 shares (or approximately 12%) of Scottsdale Diecast shares in the dividend which is expected to be distributed in January 2007.
Would scalecars selling then be a "Divisional buyout"?
When it comes to cg, art and video editing MAC's rule. We have 10 MAC's in our art department alone. A television station running their art dept on PC's will surely fall behind the curve. I just wish I could convince them to replace my on-air computer with a MAC.
He never claimed that he "never" issued revenue projections. He told me that he won't do it anymore. Two completely different things.
The new scalecars is better than the old IMO.
That's nice for coffee drinkers. I'm just a shareholder though, never liked coffee.
I will just give them to friends that enjoy that swill.
They should send a generic coupon good for ANY drink, maybe I'll complain to IR.
Kenny Rogers is selling his property in GA for a paltry 13M - Would make a nice retreat for AAPL employees
That is the old look, before the current black bottles.
A lot of dealers down under
gs610 website must be as well as quadriga, I can't access any of them.
Maybe the market will recover a bit after that correction yesterday.
iPod firmware update?
Down 3% not really that bad.
If this size drop happened 10 years ago? Whew!
Overall market slump? I've got only a few things that are green today.
I have a very large core holding in MSEM in one account.
I have a second account with shares I trade.
So what.
I've traded this since that time and made money. there are always opportunities to make money on ANY stock if you look hard enough.
GB
Really? If you have any stock in this company, how would that help your holdings?
I do that all the time, so people don't think I'm goofy, they think I'm insane...
Looks like a potential cup formation on the chart since the split.
FWIW
For a good laugh:
We had about 3/4 inches of freezing rain. Time to go start the car and start shoveling.
Hope to see some news before the weekend!
Very, I am looking forward to seeing what happens before Sunday's race.
News?
Nice action today. When do we hit $1.00?
So you are saying that any losses you have incurred are not your own fault? That David or Rhonda put a gun to your head and forced you to invest in their company, then in turn mismananged the company on purpose and decreased the value of your investment?
So much for taking responsibility for one's own actions and investment choices.
Yes - too easy :)
Here's an easy one:
Each child in a family has at least 4 brothers and 3 sisters.
What is the smallest number of children the family might have?
Music industry group fires back at Apple
By ALEX VEIGA
Apple Inc. CEO Steve Jobs challenged major record labels to strip copying restrictions from music sold online, but their trade group fired back Wednesday, suggesting the company should open up its anti-piracy technology to rivals instead.
Doing so, argued Mitch Bainwol, chairman and chief executive of the Recording Industry Association of America, would eliminate technology hurdles that prevent music fans from buying songs at Apple's iTunes Music Store and playing them on devices other than the iPod.
"We have no doubt that a technology company as sophisticated and smart as Apple could work with the music community to make that happen," Bainwol said in a statement.
In an essay posted on the Cupertino-based company's Web site Tuesday, Jobs called on record labels to abandon their requirement for online music to be wrapped in Digital Rights Management, or DRM, technology that prevents unauthorized copying.
The DRM protections prevent the iPod from playing music bought from many other competing online stores.
Jobs said eliminating such restrictions would open up the online music marketplace.
The major record labels -- Universal Music Group, EMI Music, Sony BMG Music Entertainment and Warner Music Group -- control some 70 percent of the music market and have maintained that DRM safeguards are needed to stave off rampant piracy.
Calls to Apple were not returned Wednesday.
In his letter, Jobs said Apple is against licensing its own DRM technology, known as "FairPlay," as an alternative method for making iTunes accessible to all portable players.
Those same DRM protections also prevent the iPod from playing music bought from many other competing online stores.
Several analysts on Wednesday suggested the record companies should follow Jobs' suggestion.
"Clearly, DRM is not working," said Ted Schadler, an analyst at Forrester Research. "It sends a message to the customer that 'we don't trust you.'"
Phil Leigh, senior analyst at Inside Digital Media, suggested removing copy restraints would give the labels' music more exposure.
"Digital music has entered the mainstream," Leigh said. "The restrictions (the labels) require Apple and others to carry are preventing the market from developing to its full potential -- it's retarding the growth."
Still, not everyone agreed dumping DRM is the best strategy for the record labels.
"Eliminating online DRM appears to us to be an overly risky move that eliminates the potential for a future digital-only distribution model free of piracy," Deutsche Bank analyst Doug Mitchelson wrote in research note Wednesday.
"As easily as Mr. Jobs lectured the music industry on their DRM policies, he could have lectured the software industry (which includes Apple) for its complete unwillingness to pursue an industrywide DRM standard or make any effort to help music companies in their fight against digital piracy by working to make their media players recognize and not play pirated songs," Mitchelson wrote.
Copy protection is necessary to make other business models, such as the all-you-want music subscription plans offered on services such as Napster, URGE and Rhapsody, or the limited song-sharing features in Microsoft Corp.'s Zune player, said David Card, music and media analyst for Jupiter Research.
"All these music services wouldn't work without DRM," Card said, adding that the labels do have a right to worry about abandoning DRM.
"They're very nervous about distributing content that is unprotected," Card said of the major music labels. "They think that everybody will share music and there's evidence that a lot of people will."
Other analysts pointed to the success of eMusic, an online service that sells music in the MP3 format, which is free of anti-piracy restrictions.
The service, owned by New York-based Dimensional Associates Inc., offers downloads from a catalog of more than 2 million tracks by independent artists through a subscription plan.
Britain's EMI Music has begun experimenting with releasing music in the DRM-free MP3.
In the last few months, the company has released tracks by Norah Jones, Lily Allen and the band Relient K.
"The results have been really positive. The feedback from fans (has) been very enthusiastic," said EMI spokeswoman Jeanne Meyer.
Whether EMI expands its offerings or other major labels follow suit remains to be seen. Leigh said he believes it will experiment further.
"I think the labels will release selected back-catalog stuff, to see what happens," Leigh said.
"You are coming to a sad realization, cancel or allow?"
ROTFLMAO!
Here's a good read, many of you may have seen this before:
http://www.vanwensveen.nl/rants/microsoft/IhateMS_1.html
Do you think the new touch screen technology will be applied to the LCD monitors?
Hypothesizing...
Status still the same. holding
Jon Stewart makes fun of Billy:
No Huge Crowds for Midnight Vista Launch
By ELIZABETH DUNBAR
Associated Press Writer
Published January 30, 2007, 10:49 AM CST
RALEIGH, N.C. -- Retailers around the world stayed open through the wee hours of Tuesday morning to sell the long-awaited Windows Vista operating system, even though most knew customers wouldn't be lining up out the door.
At a CompUSA store in Raleigh, only about a dozen people gathered to be among the first consumers to get Vista. The low turnout wasn't surprising; even Microsoft Corp. chairman Bill Gates said the company wasn't pushing the midnight sales events for first major Windows update since 2001.
CompUSA manager Damon Didier said the midnight sales met his expectations, especially given the late hour with temperatures in the upper 20s.
"I think we'll see sales pick up throughout the rest of the week, especially on Friday and over the weekend when people have more time," Didier said.
Employees decorated the store with balloons and set up bright new displays featuring computers equipped with Vista. There was a five-second countdown over the public-address system to let customers know they could buy the software. The store also offered coffee and discounts on other items such as printers.
"I guess I'm a geek at heart," said Chad Janko, 29. "I wanted to process the whole thing myself before all the reviews surface about it."
For David Keller, 40, an IT consultant from Jacksonville, Fla., Vista's launch ended a two-year wait. He was first in line at a CompUSA store in San Jose, Calif., to pick up his new Hewlett-Packard Co. laptop at midnight (3 a.m. EST).
"I've been waiting and waiting, and I've been using my personal laptop for work -- it's not working well," he said. "This is a big deal for me. I'll hopefully get the better performance that I need, and I won't have to go through the trouble of upgrading later."
The Best Buy in Brooklyn, Ohio, arranged free hot dogs and autographs from former Cleveland Browns player Bob Golic. About 35 Vista packages were sold just after midnight. But only a few braved the snow after the store reopened at 8 a.m. -- and not everyone left with a copy.
"I want to see how many problems there are, what kinds of bugs are in it," Kathleen Calvin said. "There have been problems when softwares came out before. I just want to make sure it's something that's going to work well."
Microsoft marked the Vista launch with a series of celebrations Monday in New York complete with acrobatics and blaring music. At one, dancers clad in Microsoft colors dangled from ropes high above street level and unfurled flags to form the red, green, blue and yellow Windows logo against a building wall.
Vista went on sale in 70 countries Tuesday, along with new versions of Microsoft Exchange e-mail software and the flagship Office business suite, which includes Word, Excel and PowerPoint.
But unlike the recent launches of next-generation game machines like Sony Corp.'s PlayStation 3, customers haven't been camping out for days.
"When I look at Windows Vista, I see a technology that is interesting, that is relevant, but to some extent is evolutionary," said Al Gillen, an analyst at the technology research group IDC. In Raleigh, CompUSA advertised its special sale in Sunday newspapers and ran radio ads letting people know it was the only place in the area where people could get their hands on Vista at midnight.
"For geeks like us, this is very exciting," Didier said, adding that he expected Vista's launch to boost computer sales. "It gives people a compelling reason to buy a computer now."
Though consumers can download Vista over the Web for the first time, Microsoft CEO Steve Ballmer told one audience that, as in the past, most consumers will switch to Vista only when they buy new computers.
More than five years in the making, Vista was released for businesses Nov. 30, but the unveiling for consumers only came Tuesday. The software retails for $100 to $400, depending on the version and whether the user is upgrading from Windows XP.
Microsoft contends that Vista is such a huge improvement over previous computing platforms that users inevitably say "Wow" when they see it. Gates ticked off some examples, such as how Vista presents a slick 3-D graphical user interface and document icons that give at-a-glance previews.
Vista comes as changing dynamics of computing -- notably the rise of open-source software and Web-based services that replicate what traditionally could be done only on a desktop computer -- are threatening Microsoft's dominance in the industry.
But Gates contended that the operating system has a higher profile than ever before, as the PC has morphed from a souped-up typewriter to a networked entertainment center, personal media library and gateway to the Internet.