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

Topic: $60,000,000 and counting...
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First | Previous | Next | Last Reply 1 to 20 of 81
Hawker
March 30, 2007 at 10:58:29 PM
Joined: 11/23/2004
Posts: 2809
Reply

Wow! Up another $22,000,000 and paying nearly $22,000 in interest DAILY! What a great management team....


Member of this message board since 1997

Michael 98A
March 30, 2007 at 11:46:13 PM
Joined: 11/30/2004
Posts: 569
Reply

Guess that decal I bought didn't help them out too much...



MSPN
March 31, 2007 at 08:29:39 AM
Joined: 11/23/2004
Posts: 3943
Reply

Not that bad when compared to what your country faces, keep fundin' that stupid civil war you can't win and the number of zeros will be uncountable. How's your NST doin' these days Hawk and their ex- drivers? Take It Easy....



nodust
MyWebsite
March 31, 2007 at 08:49:10 AM
Joined: 11/26/2004
Posts: 3334
Reply

thanks for the info, I will have my broker review my holdings.


Save your butt, get a colon screening TODAY

For complete line of Sponsor Awards check out 
MarshallTownLaser.com

Duane Davis

Laser Engraving 
641-751-7777
101 N Center
Marshalltown, Iowa 

cubicdollars
March 31, 2007 at 10:21:29 AM
Joined: 02/27/2005
Posts: 4443
Reply
Reply to:
Posted By: MSPN on March 31 2007 at 08:29:39 AM

Not that bad when compared to what your country faces, keep fundin' that stupid civil war you can't win and the number of zeros will be uncountable. How's your NST doin' these days Hawk and their ex- drivers? Take It Easy....



MSPN, do you have to bring up how bad the former-NST'ers have had their asses handed to them by the WoO faithful these past two seasons? Have a little heart, you callous bastard...laughing


Current 2007 World of Outlaw Point Standings:

  1. Donny Schatz 1449
  2. Joey Saldana 1442
  3. Daryn Pittman 1362
  4. Craig Dollansky 1314
  5. Terry McCarl 1311
  6. Brooke Tatnell 1303
  7. Danny Lasoski 1299
  8. Tim Kaeding 1277
  9. Kerry Madsen 1265
  10. Steve Kinser 1252

 

 

 

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


the instigator
March 31, 2007 at 01:13:37 PM
Joined: 05/22/2006
Posts: 39
Reply

Careful.....Steve and the boys are just lulling them into a false sense of security.



team wright-one
MyWebsite
March 31, 2007 at 01:35:12 PM
Joined: 11/29/2005
Posts: 1773
Reply
Reply to:
Posted By: the instigator on March 31 2007 at 01:13:37 PM

Careful.....Steve and the boys are just lulling them into a false sense of security.



just like sk lulled his boys into a false sense of nst (No Security Tour) lmao



BigRightRear
March 31, 2007 at 02:38:00 PM
Joined: 11/27/2004
Posts: 3751
Reply

following up one dismal filing after another...batting less than ZERO so far!

 


Lincoln 1845 ft/.35 mile T1=118MPH 
Eldora 2287 ft/.43mile T3=135MPH
Port 2716 ft/.51 mile T3=TBD
Grove 2792 ft/.53 mile T3=135MPH
Selinsgrove 2847 ft/.54 mile T1=136MPH
"I didn't move to PA from El Paso in search of better 
weather." Van May

oswald
March 31, 2007 at 03:08:38 PM
Joined: 11/30/2004
Posts: 1991
Reply

Post whatever you want to make the WoO look bad, they are still operating, the NST is not.

Myself, I'll just go enjoy the races and not worry about the financial reports. I do not have any money invested with DIRT. If the WoO was to fold I'm sure someone else would start a national 410 series or else the All Stars and some local tracks would suddenly have a lot tougher competition.

 



nodust
MyWebsite
March 31, 2007 at 03:51:53 PM
Joined: 11/26/2004
Posts: 3334
Reply

as long as there is profit potental, there will be a touring class of 410 cars.

When there is no profit potental, they will be gone, sort of like the dozens of upstarts in the past, NSL,AAA and USA as 3 examples.

Hawker & BRR, remember, drive hard, turn right!


Save your butt, get a colon screening TODAY

For complete line of Sponsor Awards check out 
MarshallTownLaser.com

Duane Davis

Laser Engraving 
641-751-7777
101 N Center
Marshalltown, Iowa 

BigRightRear
March 31, 2007 at 03:57:07 PM
Joined: 11/27/2004
Posts: 3751
Reply

excuse me, DIRT is posting these numbers with the Federal Govt...now put your heads back in the sand...or wherever you have them stuffed.

the NST decided not to race this year when the top 2 drivers got paid to come back...do your own math.


Lincoln 1845 ft/.35 mile T1=118MPH 
Eldora 2287 ft/.43mile T3=135MPH
Port 2716 ft/.51 mile T3=TBD
Grove 2792 ft/.53 mile T3=135MPH
Selinsgrove 2847 ft/.54 mile T1=136MPH
"I didn't move to PA from El Paso in search of better 
weather." Van May

nodust
MyWebsite
March 31, 2007 at 04:20:32 PM
Joined: 11/26/2004
Posts: 3334
Reply

case of the Golden Rule

The man with the Gold Rules

I personally care less what the name as the top series is, but there is only a need for one.


Save your butt, get a colon screening TODAY

For complete line of Sponsor Awards check out 
MarshallTownLaser.com

Duane Davis

Laser Engraving 
641-751-7777
101 N Center
Marshalltown, Iowa 

muddy
March 31, 2007 at 06:40:39 PM
Joined: 11/30/2004
Posts: 450
Reply

how much did they get paid you dumbass?

 



Coachbob
March 31, 2007 at 06:53:06 PM
Joined: 11/23/2004
Posts: 116
Reply

Hey!  There will be no name calling here! Even if it is true!

Cubic, I think you have that top ten in points upside down, I was assured that the NST guys would fill the top three slots and the majority of the top ten.



Hawker
March 31, 2007 at 07:06:00 PM
Joined: 11/23/2004
Posts: 2809
Reply

I have to laugh at the people who in the face of yet another dismal financial report have to resort to discussing the NST or point standings instead of addressing the fact the DIRT is spiraling out of control. One thing IS certain, I would be willing to bet a months salary that the NST didn't rack up $22,000,000 in debt in one season. It is only a matter of time, their report says it best.

We need additional capital to continue as a going concern and successfully execute our business strategy.
Revenues from operations are still significantly below levels necessary to achieve positive cash flow. From inception to December 31, 2006, our aggregate net loss is approximately $60.7 million. Our cash position is $0.5 million at December 31, 2006, and is we expect the net losses and negative cash flow to continue into 2007. In the event we are unable to obtain additional financing, our known and likely short term cash requirements will exceed available cash resources. Our short-term liquidity could disrupt our event schedule, which would adversely affect our results of operations.
CoachBob - I tried to get you to take the bet.....

Member of this message board since 1997

oswald
March 31, 2007 at 07:28:57 PM
Joined: 11/30/2004
Posts: 1991
Reply
Reply to:
Posted By: BigRightRear on March 31 2007 at 03:57:07 PM

excuse me, DIRT is posting these numbers with the Federal Govt...now put your heads back in the sand...or wherever you have them stuffed.

the NST decided not to race this year when the top 2 drivers got paid to come back...do your own math.



The WoO lost 12 top drivers last year and still ran a full schedule. The NST lost 2 top drivers and decides to fold!

 

I don't care what numbers Dirt posts with the feds. There is nothing I can do about it, so why worry about it. If they fold, they fold. Not my problem.



cubicdollars
March 31, 2007 at 09:50:06 PM
Joined: 02/27/2005
Posts: 4443
Reply
Reply to:
Posted By: Hawker on March 31 2007 at 07:06:00 PM

I have to laugh at the people who in the face of yet another dismal financial report have to resort to discussing the NST or point standings instead of addressing the fact the DIRT is spiraling out of control. One thing IS certain, I would be willing to bet a months salary that the NST didn't rack up $22,000,000 in debt in one season. It is only a matter of time, their report says it best.

We need additional capital to continue as a going concern and successfully execute our business strategy.
Revenues from operations are still significantly below levels necessary to achieve positive cash flow. From inception to December 31, 2006, our aggregate net loss is approximately $60.7 million. Our cash position is $0.5 million at December 31, 2006, and is we expect the net losses and negative cash flow to continue into 2007. In the event we are unable to obtain additional financing, our known and likely short term cash requirements will exceed available cash resources. Our short-term liquidity could disrupt our event schedule, which would adversely affect our results of operations.
CoachBob - I tried to get you to take the bet.....


If they don't sign a major series sponsor before next season then the writing probably is on the wall. They finally have everything going for them... The bad press has subsided a bit for the first time since they have took the helm. There is one series again with more cars touring than ever before. And if the TV shows go off as hoped this summer then there is no reason why they shouldn't be able to sign a major sponsor for 2008. In the meantime let's all just enjoy the year, and give them a chance for once. There's no benefit not to. If they do go under, although we learned last year there are many waiting in the wings, most likely whoever would step in won't have near the resources of BoundlessOutlawDirtWorld. Might as well take advantage of it while it lasts and hope for the best.


 

 

 

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


Hawker
March 31, 2007 at 10:02:26 PM
Joined: 11/23/2004
Posts: 2809
Reply

Sorry, but they tell you in the statement above that they are on the verge of being out of cash NOW.

If you were the CEO of a company capable of sponsoring and organization such as DIRT, would you sponsor someone that has driven up $60,000,000 in debt in less than 4 years with only $500,000 cash in the bank?


Member of this message board since 1997

Slide Job
April 01, 2007 at 12:41:52 AM
Joined: 03/30/2007
Posts: 133
Reply

It seems like the $$$ worries will always be there and we cant speculate very much what is REALLY going on. As the old saying goes... If liars can figure, then figures can lie. And after all they are reporting to the IRS ferevensakes ! Who better to lie to about financial woes ? I will be relaxing and not stressing over this one.

Oh, and one more thing.... If the NST had not tragically lost its founder/money guy/heart and soul, the comments about who is still here and who is no longer racing would never be heard. They (the NST) served a great purpose for the good of sprint car drivers/owners and after Brownie's death thats about all we have to remember.

 

 


Larry

MSPN
April 01, 2007 at 12:45:07 AM
Joined: 11/23/2004
Posts: 3943
Reply

Fred was a great guy, the series was doomed and headed down the drain, period, end of story. Take It Easy....



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