Quote:
Originally Posted by StraightLine
Its not as simple as serving an injunction on ST as the board had a full audit done on the accounts. All of the minutes and communication within Veega needed to be compiled and sent to the lawyers for informed advice on the course of action to be taken. In the mean time the board needed to make a plan on a new car for the Veega group so they didn't get left behind with only the old cars. Andrew McKenzie was one of the first investors in the ST and he was 100% behind it, why do you think he has done what he has done if everything was represented as it had been sold to him?
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Just my opinion but if people like Andrew McKenzies money is wrapped up in what is now the V8ST car and concept and those investors were not paid off, so V8ST could do their own thing, then depending on what NZ law is, they probably have a case.
I don't think it will stand that you solicit investors to build a prototype of something and then once built, 1/3 of the investors take ownership of the prototype and cut out the other 2/3rds. If that is what went down.
Probably people balked at the cost of what is basically a next gen V8 Supercar.
I had said years ago, that if people wanted to go that route just use Fujitsu cars as there is plenty of supply and some of the Australian guys might want to run them over in NZ in the "off season". It would also be easier to transfer NZ drivers over to Australia if they have V8SC aspirations.