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.
