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Good luck pinning anyone down on this one. Jim has all but disappeared from the face of the earth and the new and improved ATYG has offered nothing for info. Time for this to called what it is, a corpse.
Albion couldn't afford the bus ticket to Detroit from Dover, NH. His house was in foreclosure, franchisees were not paying him, and I doubt his other "advertising" company is able to pay the bills as well. If his house gets taken he loses the location for all his "corporate" offices. I feel bad for anyone that believed his deception and followed him in his businesses.
Albion will probably be homeless is a couple years. Racing Limos is just about non - existing at this point. I would say he could live in one of his limos but they are all gone. What a waste of time and money to be involved in this train wreck. The new owners of ATYG have themselves a nice umbrella company now for I'm assuming cheap and will probably do just fine just not with Racing Limos under that umbrella. IMO of course but the writing has and still is on the wall.
Amazingly, Jims other business is ZMJ Advertising which boasts 30 years experience including the marketing of companies. I hope ATYG doesn't think Jim will be able to carry them on his shoulders to the promised land of riches.
Just my opinion but I believe RLA will be done sooner than later. Jim will keep his new cousin company for his own and concentrate solely on that which has nothing to do with ATYG. This transition will be Jims out IMO. Wonder how much Jim pocketed in this deal.
Not surprised though, Jim has a NASCAR track less than an hour from his house, ahem, corporate office, and no relationship there either. And ask current Racing Limos franchises how much they like Jim introducing another company that competes for advertising dollars. IMO they are not too thrilled.
With all of NASCAR and all the major players in advertising being in Daytona for the last 3 weeks do you think Jim has at all thought it might be a good idea to be there too? Doubt it.
Anybody know who the ATYG directors are that Jim speaks of in this Facebook post? And why post this information if it has nothing to do with ATYG? This new company isn't under the ATYG umbrella.
Top, I truly never thought your support would weaken but I can't say I am surprised. IMO Jim can talk a great game but execution has never been his strength. Too bad he isn't first admitting his mistakes and second learning from them.
And because ZMJ is private there is no info available to us. Money is sent there through consulting fees from ATYG and RLA. Where is his salary from RLA? Last told it was 250k. Maybe it has changed? I honestly don't remember it changing.
Total up how much Jim is getting paid in salaries and rent and consulting fees etc and tell me he is not taking us for a ride. When no revenue comes in all that is owed to him shows as debt on the books. It's a blank check. Funny how many ways he is getting paid by this and if you say he is not taking a salary right now that may be so but it's all showing as additional debt. He will get paid well before anyone else is IMO and it's all legal.
Who else is on board? Oh yeah, no name, no announcement, no time frame. Got it.
Top, if I email an attorney and he sends one back we are technically "in talks" together. Funny how we never get names, dates, or specifics about anything Jim does. Earlier, Jim said he was in talks with multiple sports teams and casinos and national companies. Some of these have been over 4 years in the works. See a trend yet?
I do my own DD and when I bring it up TopPenny doesn't believe any of it. He is right to say not to believe anyone else on here but he won't research stuff that may crack bis belief in Jim IMO. And we can agree to disagree on whether or not the Buckeyes rule. Lol. Go Blue.
Seriously? Financing for a buyback is not PR worthy? Financing for previous owner buyout is not PR worthy? PR that Jim is gone and I will stand shoulder to shoulder with you TopPenny and cheer the stock, till then I stand firm Jim is hiding more than you know IMO.
He has over 30 years experience in advertising and marketing and been involved with Racing Limos about 5 years and he doesn't know how to use Facebook with 100 followers? Really? I've said it before, my neigh or's kid has a lawn mowing business and has 400 following him. He is 15.
Using your logic the financing for the buyback and financing of buyout of previous owner didn't happen as you assumed. Those are worthy of a PR and it never happened. If he was able to get financing he would have had enough for a PR.
Announced a promotion on a Facebook page with less than 100 followers. You gonna buy in Top? With as much as you say you have invested you could own a territory. At least then you would a return through revenue.
Shouldn't that have been good for an official PR? If people are led to guess or make up stuff for themselves Jim is off the hook for not stating fact. Who financed the last buyback and what did they get in return? Who financed the supposed payoff of previous owner and what did they get? Doubt we will ever know from Jim.
What money does Jim have? Please tell. No financials or official PR stating so.
So Top, how long are you willing to let Jim "restructure"? He has been restructuring for quite some time.
Recently there has been no revenue for RLA. Jim told us his franchisees were in disagreement with him so they stopped paying fees.
It's on the Facebook page. We were all expecting news of some sort and Jim posted on his Facebook page how he was discounting the prices of all the franchises and promotions to sell more locations. Not the news we were hoping for.
So you're not gonna try to locate previous owner? If I do you wouldn't believe me, which you have stated not to believe anyone on here and I agree with you, so what would it hurt to try?
You would think that would be the case but we don't know. No financials for anything. No name or evidence of financing buy back or pay off. Wouldn't you think being a public company he would have to disclose more than he is? Previous owner should be easy to locate, give it a whirl.
No news was released, just an ad for buying cheap Racing Limos franchises.
I'm with TopPenny that Racing Limos is real, I too have done DD on that but IMO it's ATYG that is questionable. Jims businesses are so convoluted who knows what is really going. He is billing his other companies ridiculous amounts for consulting fees and rent for his office in his house, etc. I was always pro Racing Limos just not pro ATYG and Jim. Still no financials to show who funded the buyback or pay off for previous owner. IMO until I see proof I consider it not to have happened.
2013 was supposed to be a breakout year as was 2012 and 2011. Predicted revenue in the millions for every year Jim has been running it. I guess that is what makes his 250k salary legitimate.
ATYG is a holding company with only 1 asset which is Racing Limos. ATYG seems to have been passed around a few times IMO. Jim picked it up in 2010 as an empty shell.
Jim informed us the franchisees stopped paying him for a while. He said it was resolved but no proof yet that it is.
That's the point Top. We don't know anything. It's all wishful thinking. Why was it Jim was able to supposedly get financing for a buyback and buyout but not for operational purposes? And as far as Facebook, the company can make announcements but if it doesn't read by anyone what's the point?
Top, first off, I can reach more people by opening my front door and yelling than Jims Facebook page. Second, if you want less people on the dark side help us understand who financed the buy back a what they got in return, who financed the buyout of previous owner and what they got in return and proof of the previous owner being paid. We are all just going on what Jim says. No financials for a year now to see where the came from and where it went to.
The website asks to let their 30 years of marketing experience help their business. Am I the only one that sees the humor in that statement when it's on a web site that looks like it was free on GoDaddy IMO? People have given Jim passes on everything he has not accomplished but yet we are told he has 30 years experience. IMO something doesn't add up. Between salary, rent, and expenses Jim is paying himself well over 300,000 a year. Amazing.
You mean the page with 60 likes and 3 visits?
Still waiting to hear how those shares were retired and how and if the previous owner was paid. IMO we will not find out.
It would be interesting to know who supposedly put money up to pay off the previous owner and what they got in return and if the previous owner has truly received payment.
Are you basing that statement on what Jim told you or what the franchisees have told you? The remaining franchisees seem to have marketing partnerships listed on websites so they don't appear too against the advertising part. Jim was supposed to arrange the national advertising for them which appears to have never materialised.
The first paragraph is an accurate description of what Jim wishes his company Racing Limos was but the rest has nothing to do with ATYG in its present form. Jim acquired ATYG for the purpose of it being a holding company for Racing Limos. ATYG seemed to have many names in pinky land associated with it and not in a good way so I assume IMO is how Jim must have gotten it cheap.
Jim has already played that hand a while ago. He said he was in talks with numerous sports teams. It fizzled. No updates in over a year or two.
Why can't Jim use his experience to grow Racing Limos instead. All his supposed success and experience in ZMJ has produced nothing so far in Racing Limos which should have been easy for someone in that field.