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Looks like that 04 base will be forming nicely on Friday. Should attract some more buyers after the latest form 4! Up Up Up and Away!!!
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The amount doesn't matter. The important thing is that he did. The CEO bought 9,600,000 in the past 3 months and that alone shows great support to msep and to shareholders. Every time he buys it creates a price support at that level. Look at the past charts. How many CEOs buys their company's stock? Not too many. imho
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I agree Joe, the fact that he's still accumulating at these prices says it all. Whether it's 1,000,000, or 100,000, he's still accumulating. I'm buying more tomorrow before it really takes off. GL guys
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osubucks30 is back with a little more bashing. Bomber18 and Joe, you are absolutely right; when the CEO buys, it creates support and it doesn't matter how many he buys. I'm looking for a close above .04 on Friday. Osubucks30, good luck. I hope you own this stock because ina month or two if you don't, you wish you had. ECP P.S. I think osubucks30 and voodoo (R/B) are the same person.
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MSEP + GTEL are my babies. Is there a time frame of when the new website is going to open up. I've seen reports about it being opened in early March. MSEP is gonna be huge. Hold it for three years along with GTEL and we'll all be happy campers.
The web development team is working feverishly to get the DriversDigs.com site up and running. We don’t want to put up a non-working site. For those of you who have registered your emails with us, we will send you a link for a test site shortly. Then we would ask for your feedback and suggestions for DriversDigs.com. At MotorSports Emporium, we value our customers and shareholders opinions! We should have a “Live“ site before March 5, 2005.
Thank you for your continued support of DriversDigs.com, ScaleCars.com and MotorSports Emporium (stock symbol = MSEP).
posted
I registered a few days ago at driverdigs. We'll double when the site is online!! Giddy-Up! I got in earlier this week. Only 20000, but I'll be gettin' more after the news comes out on GTEL, I'll ride the wave, then dump it for two days, and back in. And pick up some more MSEP on the way. I'm awaiting for mucho funds to post to my account.
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We will see where this is 6 months from now. All of you guys are saying this is a great long term buy. 6 months from now I see this at below .01. All of his buys are conversion of debt owed to him by the company.
Look how much they are paying the CEO: Subsequent to the period covered by this report, on October 25, 2004 the Company entered into an Executive Employment Agreement with its President, CEO and CFO, David Keaveney ("Keaveney"). The initial term of the Agreement commenced on October 25, 2004 and it shall continue in effect until October 25, 2005. Thereafter, the Agreement shall be renewed upon the mutual agreement of Keaveney and the Company. The Agreement grants Keaveney a base salary of $114,000 per year. During the term of the Agreement, Company agrees to pay all costs of Keaveney's medical/dental expenses up to a maximum of $20,000 per year. Company shall also provide an automobile allowance of $1,000 per month. Company shall pay a monthly rent of $2,000 while it maintains its headquarters at Keaveney's place of residency.
The question you have to ask is where will the company(with only $7600) get all of the money to pay for all of this? Well its by issuing shares. It is only a matter of time until they start diluting. Just wait til the next 10Q and you will see how many o/s there are.
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Hmm. So what will happen when Driversdigs.com gets some Nascar Drivers to slap some logos on their cars and offer race used items for sale. Hmm. What happens when Quarterly Reports actually show some growth? Those are some pretty hard questions to answer. Then Again........
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I really don't understand this company. According to most recent 10Q there is only 2 significant employees (who happen to be husband and wife). Does that mean only 2 employees total or are they calling the rest of them insignificant?? I'm not bashing, I just don't see the promise that is generating all the interest. Maybe someone could enlighten me. Their business goals for 2005 call for an increase in revenue of between 1 & 5 million dollars. Strangely enough that is my goal to. However, I don't see any good business plan to back this up. Their Website looks good but where is their outlet store and how many people work there? At the current price if there is anything to this I wouldn't mind owning some, but so far I'm not impressed. As for David buying stock in his own company, as of Nov 16, 2004 the corporation still owed him a debt of $51,000 which was convertable to common stock. I would venture a guess that on the next 10Q we will see that the $51,000 note was converted to stock, hence the form 4s.
Identity of Directors and Executive Officers. Name Age Position
David Keaveney 35 Director and President/Chief Executive Officer/ Chief Financial Officer Rhonda Keaveney 37 Director and Secretary
DAVID W. KEAVENEY - David W. Keaveney has functioned as a strategic business consultant, mentoring senior level executives on business development, marketing, reengineering and value growth for the past seven years. Early in his career, Mr. Keaveney served as Sr. Vice President of Investments for a financial services firm where he specialized in business structure, valuation and core competency. Mr. Keaveney has held senior executive positions with several private start-ups companies including marketing, financial and management consulting. Mr. Keaveney is working towards his Management Certificate (mini-MBA) from Loyola University and his Certification of Professional Development from Wharton Business School. David resides in Scottsdale Arizona with his wife and two children. David is 35 years of age.
RHONDA KEAVENEY - Rhonda Keaveney is a board member and Secretary for Ten Stix, Inc. Prior to her appointment she functioned as Compliance Officer for a local Investment Banking firm and more recently as a director of operations for a private investment partnership. Rhonda has a strong background in case management, office administration and the securities industry where she's held NASD Series 7, 63 and 24 licenses. Rhonda attended Arizona State University where she studied Psychology and Business. -------------------------------------------------------------------------------- Significant Employees The Company has no significant employees.
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Thanks for your opinions. The info that you posted was when msep was tnti. Msep is a new company. The company has grown so much in 3 months. Im sure they should have more employees now. imho
Motorsports Emporium Divests Itself of Its Gaming Subsidiary Tuesday December 21, 12:51 pm ET Company Sheds Unprofitable Gaming Operation and Liabilities
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Dec. 21, 2004--David Keaveney, CEO of Motorsports Emporium Inc. (OTCBB:MSEP - News), announced today that it has divested itself of its gaming subsidiary and related gaming assets and liabilities thereby repositioning its balance sheet for new growth opportunities as it accelerates into the motor sports industry through its operating subsidiary Scottsdale Diecast and its premier Web site www.ScaleCars.com.
The company's wholly owned subsidiary, Ten Stix Gaming Inc., assumed all gaming-related assets and liabilities of the parent company and was transferred to Thomas Sawyer and Tony Cranford effective Dec. 20.
Keaveney commented, "Since my appointment as CEO in late September 2004, I immediately began re-engineering the company's business model to focus on the high-growth motor sports industry by seeking acquisition candidates that could bring solid revenue results and much needed positive cash flow while casting off the unprofitable gaming business."
Keaveney continued, "Today I am happy to say that we have completed the initial steps of our strategic plan by divesting our gaming subsidiary to former management and by the asset acquisition of Scalecars.com from former Ferrari race driver Ron Adams. We will end the fiscal year on Dec. 31 with a new direction, a stronger balance sheet and a motor sports business targeted to increase revenues to the $1,000,000 to $5,000,000 range as we accelerate our operations through strategic acquisitions and ventures to include trackside events, sponsorship programs, product distribution and partnerships."
About Motorsports Emporium
Motorsports Emporium Inc. is a fast-track new company in the motor sports industry targeting amateur and professional enthusiasts who participate in die cast collecting, automobile restoration, high-performance accessories, race venues and product licensing.
For further information about Motorsports Emporium Inc. or ScaleCars.com, contact David Keaveney at 480-556-0821, via e-mail at david@scalecars.com or to purchase products click on www.scalecars.com.
This news release may include forward-looking statements within the meaning of section 27A of the United States Securities Act of 1933, as amended, and section 21E of the United States Securities and Exchange Act of 1934, as amended, with respect to achieving corporate objectives, developing additional project interests, the company's analysis of opportunities in the acquisition and development of various project interests and certain other matters. These statements are made under the "Safe Harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein. Contact:
Motorsports Emporium, Scottsdale David Keaveney, 480-556-0821 david@scalecars.com www.scalecars.com
posted
Ok, for the last time, MSEP is not TNTI and if you read the SEC documents, you will find this to be true. Can we all just agree to stop bringing up TNTI documents whent hey have absolutely nothing to do with MSEP in it's current state. It has been posted multiple times on this board so I will refrain from reposting it but I'll just say this: MSEP has completely removed itself from anything resembling TNTI and is a completely new company. Rehashing old documents from last year means nothing. But I do like to see a basher or two. It's very true, good companies have consistent bashers, bad ones never do. But let's all be kind to our friends and continue to watch this stock head north! Cheerio, ECP
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I know that msep has divested itself of tnti, I've read all of that. But my post above still stands and I feel at least that they are valid questions. I'm NOT bashing this stock, I just don't see the plans that are generating all of the interest. If I'm missing something, enlighten me.
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the motor sports industry through its operating subsidiary Scottsdale Diecast and its premier Web site www.ScaleCars.com.
I went to this web site and it is nothing about motor sports or any thing like that. It is a web development company??? The same thing I do and I can make pretty web sites. Just wondering what the relationship is.
-------------------- If all goes well then great, if not, make it work.
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The web development team is working feverishly to get the DriversDigs.com site up and running. We don’t want to put up a non-working site. For those of you who have registered your emails with us, we will send you a link for a test site shortly. Then we would ask for your feedback and suggestions for DriversDigs.com. At MotorSports Emporium, we value our customers and shareholders opinions! We should have a “Live“ site before March 5, 2005.
posted
I'd love to see a close above .04 today but I don't think it is in the cards. Too little volume and not enough interest. Unless a PR breaks between now and closing, I say we close right around .034 and then start fresh on Monday. Still a great week! ECP
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quote:Originally posted by ecp1976: Ok, for the last time, MSEP is not TNTI and if you read the SEC documents, you will find this to be true. Can we all just agree to stop bringing up TNTI documents whent hey have absolutely nothing to do with MSEP in it's current state. It has been posted multiple times on this board so I will refrain from reposting it but I'll just say this: MSEP has completely removed itself from anything resembling TNTI and is a completely new company. ECP
You are joking aren't you? If you really believe this then you better read over the filings CAREFULLY!!
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.04 is simply 'inevitable...why? because it comes after .01, .02, .03. I remember the time not too long ago when skeptics were saying no way MSEP would break .01 let alone hold its oats at .01. It will be interesting to see how MSEP moves over the next month. If at .10 at end of March would you bet against it being able to go to .12, .13, .14 etc. Don't use 'recent' history as your guide alone--take a look at chart trends and you will see a clear momentum. On a fundamental business level, the management team is using a multiple streams of income model that when fully operational will capture existing market opportunities and create new ones. The long term growth looks tremendous and the recent PPS appreciation has been strong and steady. As for MMs, they will be forced to let this go into new high territory faced with the fact that the longs will only release any significant amount of shares at a premium price level.
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