I have no clue if Roger ever managed to sell that race car, or if he did, how much he got. That is the problem with this company. Nobody on the outside knows what's going on in the inside. Roger does everthing he can to hide the bad stuff from shareholders. I think that's why he moved to pink, where there are no reporting requirements. He was just waiting for that number of shareholders to decline to the point that he could take unilateral action in moving to pink. The stonewall and Charlotte failures were too much to report, so he delayed any news until he could go safely to pink.
Did you notice in that one-way conference call that he mentioned the number of shareholders? Why do you think that was on his mind? I think he had been hoping to go pink for some time. Just wait for Tim the IR guy to take a vacation, then pull the rip-cord and blame it on health problems. (He certainly made a fast recovery, didn't he?)
The only reason Roger ever gave for that race car is that it would be good advertising for the company. (As if this company ever needed any advertising!) I don't even think he tried to convince us that it could be a profit center. From what I can see it was just a hobby for Roger. That tells you something about the character of the man - he lives well using OUR money, trying to convince you that maintaining his lifestyle is in your best interest. Keeping this thing alive as long as possible is in his best interest. So now he is forced to borrow against the company's property portfolio to pay his salary and the bills. But don't worry, he's going to rezone that california property and make you billions.....
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