Forum: HoseHeads Sprint Car General Forum (go)
Moderators: dirtonly  /  dmantx  /  hosehead

Nice first post "Gojira"... welcome to the best sprint car racing discussion board on the www. Us plain folks here are pretty stewpid about big money stuff so I'm sure as hell glad you joined us - we's been needin more big brains like your'n around these here parts. We need a heap more Wahl Street financial experts around to keep us dumbass sprint car fans in check. Without sharp minds like yours when we go to the races we would be so ignorant that we'd be watching the racing on the track instead of being glued to the stock tickers on our Blackberries and worrying that the WoO is gonna throw the red (ink) flag in the middle of the night and tell everybody to go home cuz they done run outta money. And instead of making sure we have enough cold beers for ourselves and our friends before leaving our mobile homes - from now on we'll all be sure to check Edgar for the latest DIRT/WRG SEC filings so we'll have something to talk about and impress the folks sitting next to us. I'm gonna go pick me a bushel of Blackberries rite now so I can keep up with those stock ticker things while me 'n cuzzin Billy Bob is at the races. Golly-gee I'm happier than a pig in shit that I gave you "the best laugh you've had in years". /sarcasm

Phil Taylor

home-theater-systems-advice.com

IN THE MEANTIME, the WoO are gearing up for their 30th season of uninterrupted sanctioned sprint car racing in the United States with drivers receiving paychecks in front of near sell-out crowds and coming off one of the most successfull year in it's history. No owner spending banquet money at the casino here, no confiscating of trailers and no bounced checks. Just business as usual for the organization that was slated to never make it through 2007, or 2006 or 2005 for that matter by some of you who know it all people who actually always have something negative to say and never a "kudos."

This topic has been beat to death for the past couple of years and will continue to be beat to death by you anti-sprint car fans and nothing anybody says will change that. In the meantime, I am sure you will go see the WoO in 2008 when they are in your area and if not, I am sure you will not be missed and replaced by almost full grandstands and the best winged sprint car drivers in the country.

David Smith Jr.
www.oklahomatidbits.com

Right, the races go on John and it was a good year with everyone running together again but the statement "The more the officers increase the worth of the company" was funny to anyone who has paid any attention at all. That statement was like waving a red flag in front of a bull. Anyone who is even just casually watching the financial aspects of this deal wonders how they keep a cash flow going to make it work, but they do. I don't think that everyone who is following and posting about the apparently bad financial situation that they are in are rooting for them to fold as much as wondering what is keeping them afloat.

Kenny

Half the lies they tell about me aren't true. 

Just like with individuals, it is upon my belief that it is nobodys business what somebodys debt is unless you have a dog in the fight. It is none of my business nor do I care, just as long as the WoO keep racing and I know the drivers are still getting paid for their hard work. Imagine if everybodys financial business would be made public, would everybody have a clean slate and not be in financial debt? If you were/are in financial debt would you want somebody to belittle you or your company or your employees and keep speaking of its demise?

I don't feel financial business is anybodys business, especially if you have nothing at stake in the matter. After all, the WoO will be around with or without you and IF the day ever comes where the WoO do fold, some of you people will find another topic or organization to bitch about. Just some of you people common nature of idioticy.

David Smith Jr.
www.oklahomatidbits.com

Huh? If a company doesn't want their financial statements made public, then they should not go public. That is the tradeoff a company accepts when they offer stock for sale. World Racing Group had no problem taking the money generated from the IPO. Do you have a 401K or an IRA account? How comfortable would you feel having even a couple thousand dollars in those accounts if companies did not have to disclose accurate financial information with the SEC?

Evidently the intent of my comment has been misunderstood. Look at it this way -- if you were sitting on a stack of stocks for a company that you help control - would you try to devalue that stack or increase the value of said stack of stocks? I know I would work my butt off trying to make that stack worth a lot more than the meager level where it currently stands. Yes I'm well aware of the decline of the DIRT/WRG stock as are most knowledgeable fans who follow the WoO -- but I really don't care because I don't play the Wall Street game or own stocks except what's in my 401k funds. I'm just another of the many fans that love watching the best Sprint Car racers in the world race under the WoO sanction. And I too have noticed mostly positive moves by the current management team since the ouster of Krueger from the helm. Now that Brian Carter has been moved into the CEO spot (and Butcher has been booted) I hope even more positive things will happen. BTW - Brian does a bit of winged sprint racing when he gets the chance with Smiley's series in Texas -- and in case y'all didn't notice he is entered again in the Chili Bowl next month. Ya "gotta giv'im props" for that.

Phil Taylor

home-theater-systems-advice.com

How much is Advance Auto Parts giving them?

 
 
 
They don't even know how to spell sprint car 
much less chromoly...http://www.ycmco.com

David B smith say's, it's none of your business....LOL

Posted By: David Smith Jr on December 09 2007 at 12:15:38 PM

Just like with individuals, it is upon my belief that it is nobodys business what somebodys debt is unless you have a dog in the fight. It is none of my business nor do I care, just as long as the WoO keep racing and I know the drivers are still getting paid for their hard work. Imagine if everybodys financial business would be made public, would everybody have a clean slate and not be in financial debt? If you were/are in financial debt would you want somebody to belittle you or your company or your employees and keep speaking of its demise?

I don't feel financial business is anybodys business, especially if you have nothing at stake in the matter. After all, the WoO will be around with or without you and IF the day ever comes where the WoO do fold, some of you people will find another topic or organization to bitch about. Just some of you people common nature of idioticy.

Half the lies they tell about me aren't true. 

i guess BRR will have to stay clear of shopping at Advance now for fear of contributing to the cause.

Kenny - What I was referring to was the "scary" SEC filing. The only thing that is scary is the way people keep bagging on this group who have done nothing but keep the WOO racing.

If I had a 1/4 or 1/2 million invested in them I am sure I would be a bit concerned but I would be willing bet no one posting here does.

Nothing new John, They bitch about owners, promoters, sanctioning body's, drivers ,crew chiefs you name it and everyone at one time or another has a beef or complaint about something, me included..LOL

I would sit in the stands at Manzy and listen to them gripe about Keith Hall and all I would say is "I don't care what he does as long as he keeps putting water on the dirt" and I was mostly serious. But the deal about USAC moving into our part of the world on a full time basis was different. I was pissed and I'm still not happy about the way it's going. Deep down I'm sure everyone wanted to see the best running together as the OUTLAWS but I think a lot of people thought DIRT was not a good deal and the people involved at that time were not "race" people and didn't have what it takes to keep it together and that it would fall apart. Personally, I'm surprised it hasn't, but that in no way means I was hoping it would.

Kenny

Half the lies they tell about me aren't true. 

Huh to you!

Just because they are a public company does not require they disclose the terms of this specific agreement unless it meets certain criteria.

For many competitive reasons (Advance doesn't want O'Reilly's etc... to know ) we may never hear what the amount is. Although for investor "feel good" WRG may talk about it in financials, then again WE may never see it in print. And when I say "WE" that could include people that have invested in that public company.

I doubt any company you have in your 401K produces a line item revenue by client. You might see it by profit center (revenue classification) but not by client.

Yep, armchair quarterbacks at there best.

Hell even jackhole recently wrote:

Yeah, in other words I agree it would be soooo easy for someone to steal the Chili bowl away.

That's a good one....

Go back and reread my post. I WAS NOT the one who said that the how much WRG received from Advance Auto Parts should be released. I was responding to the comment that financial statements such as a public's company's balance sheet and income statement should not be made public. You are ******** about what Cubic Dollars wrote, not what I said.

opppsss my bad.... didn't read Davids post and..... carry on!

It's cool.

That's great news, perhaps the final bit of news that will allow former NST supporters to eat the last portion of crow on their plate. Or perhaps they'll just point to financial statements they don't understand and stick to their claims? We shall see.

way too friggin funny!

Fenders are like vacuums... they both suck.

What some of you seem to fail to understand that in order to keep the company afloat and to pay the drivers and to pay the point fund. The company had to burn through around $100 million of investors money. The last financial report showed that the company lost $8 million operating in 2007. They do not have another $8 million to cover these losses for 2008. If something doesn't happen the company doesn't have the cash reserves they have been dipping into in order to pay the bills. If the company loses money at the same rate as it did this year in 2008. The bills will not get paid, the points fund will not get paid. The well is dry if changes are not made. If i may quote the Quarterly report released on Nov 14.

The Company incurred a net loss of $8.6 million for the period ended September 30, 2007. The Company has an accumulated deficit of $69.3 million as of September 30, 2007, which raises substantial doubt about the Company's ability to continue as a going concern.

In laymans terms it means the company is concerned about their ability to keep the doors open due to it's current financial condition. To us race fans it may be a sport but to those competing and those investing it is a business. If the business keeps losing money then no matter how much we fans may like it to keep going. The company will fail.

and if I keep on driving 80 mph in a 70 mph zone then one day I will be involved in a bad wreck. If I keep drinking dayum Dr. Pepper every day and eat bad things then sooner or later I could have serious health problems.

Until then, I will just sit back, relax and enjoy doing what I have been doing. Just like I will continue to sit back, read WoO results and hopefully catch them when they are somewhere in the Oklahoma area and will deal with the demise if it ever occurs. Just like when I dealt with the WoO demise when the USA and NST put them out of business.

David Smith Jr.
www.oklahomatidbits.com