American Racing Capital Inc. (AMRA)

[greedy__malone]

But all the changes to the corporate status were changed in March.

How could the officers be replaced and how could AMRA designate preferred shares in March, nearly 2 months before a vote of the sahreholders? How could they have designated those preferred shares ahead of the shareholder meeting and take control of the vote? The date that was done was 03/25/10 and you said the Shareholder meeting was not until May 7th? Can you kindly who issued those Series B preferred and who got them in order to have the controlling vote ahead of the shareholder meeting? I do not see how that is legal within the Nevada Statutes or within the legal power of the custodian to undertake these amendments or mess witht he preferred shares prior to the shareholder meeting.

The only thing here that looks to be legit are the reinstatement and the new registered agent. The other two filings were changing officers which the Staute says requires a shareholder meeting and then what looks to be the issuance of Series B preferred shares which would have been done by the new officer that was put in place well before the shareholder meeting ever took place. So, how can a change in control take place nearly 2 months prior to the shareholder meeting?

Actions\Amendments

Action Type: Designation
Document Number: 20100188077-04 # of Pages: 5
File Date: 3/25/2010 Effective Date: 3/24/2010
SERIES B PREFERRED

Action Type: Amendment
Document Number: 20100168069-83 # of Pages: 1
File Date: 3/17/2010 Effective Date:
(No notes for this action)

Action Type: Reinstatement
Document Number: 20100168071-26 # of Pages: 1
File Date: 3/17/2010 Effective Date:
(No notes for this action)

Action Type: Acceptance of Registered Agent
Document Number: 20100168072-37 # of Pages: 1
File Date: 3/17/2010 Effective Date:
(No notes for this action)

http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=mPRFySO7JGHDkKT67jZy4g%253d%253d&CorpName=AMERICAN+RACING+CAPITAL%2c+INC.