InvestorsHub Logo
icon url

Jerry12302

03/18/08 12:34 PM

#17587 RE: irish40 #17586

He may have lost interest, but remember, he is not the majority shareholder. A mysterious "investment group" bought out RR, and although Gabe does have some shares himself, and is supposedly in control of operations, the investment group holds the majority of the shares.

Reality Racing, Inc. announced today (SEP 28, 2007) that a group of investors led by Sandler Communications, Inc., have agreed to purchase 61,000,000 shares of its restricted stock, giving the Sandler Group a majority position in the company.

Therefore, even if Gabe has lost interest, or simply cannot produce, I would think the investment group would still be interested in doing whatever it takes to get this company off the ground and generating income.

I am surprised that they have not found a replacement for Gabe by now. Maybe they have and we just don't know it yet. We may never know. Maybe they too, after seeing the chaotic mess that the former regime left behind, decided this is a lost cause.