Quote:
Originally Posted by Southern Man
It's a bit of bugger when you have mates in both camps which is why I have tried to keep out of this debate until now but if I understand what I have been reading of recent it appears as though NZV8 had a working party investigating the various upgrade options for their fleet including the possibility of a new car built within a certain framework of specification. The working party came back with their suggestion/s which may have exceeded the brief that they were given and as a result there was some acromony between NZV8 and the working party. The working party then split from NZV8 and took with them their suggested changes for the future which is where NZST eventuated from. Meanwhile NZV8 organised another working group to come up with a suitable plan for the future as was in the origonal brief and this has ended up with the car that they have announced in recent days.
I have read on the forum regarding various suggestions as to how events can be better promoted but in my neck of the woods thing like school visits, radio station interviews, displays in malls, street parades etc have all been part of the scene since the early 1980's.
What has to be remembers is that NZ has a population smaller than Sydney and seven permanent race circuits and that the media is like a horse in that you can lead one to water but you cannot make it drink
This is going to end in tears guys, the real questions is who's tears.
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Hi Southern Man your version of events aren't quite right so I will post the relevant info from my earlier post. All of these facts are why the current board have issued legal action against Mark Petch, Wayne Anderson, Gary Pedersen, John McIntyre, Chris Abbott and the V8 Super Tourer Co. How could it ever be right with the actions of the board of directors?
NZV8s/Veega shareholders voted at Taupo in March 2010 to commission the board of directors to finalize the plan and price for a new V8 chassis for the current or new teams and shareholders to move the category forward.
April 2010 at the Hamilton V8 Supercar event the board presented the Paul Seprnich designed chassis and indicative price to the shareholders with a progression plan for the whole group to upgrade their cars. The NZV8/Veega shareholders were unanimous with their support towards the new project and a number of NZV8/Veega shareholders in good faith invested in the first prototype car to be built. This car was meant to have been built tested and displayed during the 2010/11 V8 championship series. This didn't happen in fact the prototype chassis didn't turn up until February 2011 along with the knowledge that 3 of the NZV8/Veega board of directors headed by Mark Petch. Wayne Anderson and Garry Pedersen had formed a private company called V8 Supertourers Ltd. back in September 2010 later to be joined by their fellow directors as new directors in the new company John McIntyre and Chris Abbott. There was always an undisclosed plan to take what was initially a NZV8/Veega new car project and effectively take it from the shareholders that the paid for the initial plans for this chassis. This became evident when the car was launched in February 2011 and the announcement of a rebel series lead by Mark Petch and co. On discovery of this information a number of the NZV8/Veega shareholders requested a Vote of no confidence in the board motion to be heard at a Special General Meeting at Taupo in March 2011. On receiving this motion request the NZV8/Veega board of Mark Petch, Wayne Anderson, Garry Pedersen, John McIntyre and Chris Abbott all resigned prior to this meeting.