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15 May 2019, 16:20 (Ref:3903965)
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#1
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Subscriber
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Join Date: Sep 2009
Posts: 3,895
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Rich Energy
So Rich Energy as a sponsor for Haas was a topic of conversation in the 2019 pre-season thread (and felt reviving that thread was the wrong place to talk about current events.) If I remember correctly, I don't think anyone had much good to say other than if you want to appear to be a big fish, F1 sponsorship is one way to go about it!
One topic of discuss was the impending court battle between Rich Energy and Whyte Bike regarding the "stag" logo. In which... both companies use nearly identical logos. I think to most anyone it's obvious that one copied it from the other. The question is who is in the wrong. Apparently Whyte won the case...
https://us.motorsport.com/f1/news/ha...-case/4388423/
Each company has their opinion on the ruling...
https://whyte.bike/pages/stag
https://twitter.com/rich_energy/stat...09045050388481
You can find the ruling here...
https://cdn.shopify.com/s/files/1/01...00235.pdf?2319
I have scanned through the ruling. There is one particularly juicy detail that falls in line with earlier commentary about nobody seeing Rich Energy product in stores, but yet Rich Energy talks about the quantities produced...
Quote:
For example, when Mr Wyand in cross-examination tried to understand his evidence about the sales figures of Rich Energy drinks, and put to him that he had been quoted in the press in February 2019 as saying that the First Defendant had produced 90 million cans, Mr Storey explained that it had produced 90 million cans, but had not yet filled and sold them.
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In short... they have produced a bunch of empty cans and put their logo on an F1 car, but that might be about all.  Well... at least some of them have been filled as you occasionally see people talking about having actually found the product.
I am not an attorney and the judgement document is large. But it sounds like Rich Energy (really Storey and his childhood friend who co-designed the logo) lost, there might (?) be an injunction against usage of the logo (remove from Haas???) and have lost their trademark on the logo (Rich has acquired a trademark on the copied logo)
It appears an appeal can be lodged, but Rich hasn't said if they will or will not do that.
Richard
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__________________
To paraphrase Mark Twain... "I'm sorry I wrote such a long post; I didn't have time to write a short one."
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15 May 2019, 18:13 (Ref:3903985)
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#2
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Bubbling over...
20KPINAL
Join Date: Oct 2001
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Lymington, New Forest, England |
Posts: 34,288
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So they have 90 million empty cans stashed somewhere? That's just plain bizarre....
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166..... Counting in hope...
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15 May 2019, 18:26 (Ref:3903991)
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#3
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Subscriber
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Join Date: Oct 2011
Posts: 3,552
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Well, they might try an appeal, but based on the testimony and evidence given at the trial, I have strong doubts that it would be any more successful. The judge basically said that they were liars, and that they had tried to deceive the court with the evidence that they produced, trying to insinuate that it was produced in 2015, when, in fact, it had been concocted in 2018 after they were required to submit related documents.
One thing that crossed my mind is why, when Whyte's Bikes were represented in court by a QC (a leading (senior) barrister) and a junior barrister to assist, that Storey were only represented by a barrister that had not been appointed as a QC.
Noticeable also that the language used in the High Court for civil matters hasn't changed much since the 80s. Judges and barristers still like to sugar coat everything they say as if they were afraid of hurting anyone's feelings. The judge, in her way, was rather scathing about Storey's solicitors for being, at a minimum, discourteous, whilst Whyte's solicitor and barrister stopped short of saying that Storey had copied the Whyte logo.
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15 May 2019, 19:02 (Ref:3903997)
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#4
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Veteran
Join Date: Mar 2015
Posts: 10,011
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This thing is more scammy than a 1990s Nigerian Prince with a Hotmail account. Haas due diligence process must be along the lines of "Well he said he's legit."
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15 May 2019, 19:07 (Ref:3903999)
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#5
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 Race Official
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Join Date: Jul 2003
Posts: 5,253
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I presume that they have the syrup made up that would then be diluted (and carbonated if a fizzy product) to fill that many cans, but not actually have the physical cans.
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15 May 2019, 20:19 (Ref:3904018)
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#6
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Subscriber
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Join Date: Nov 2006
Posts: 3,992
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How did Storey make his money?
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15 May 2019, 20:21 (Ref:3904019)
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#7
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Subscriber
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Join Date: Sep 2009
Posts: 3,895
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Quote:
Originally Posted by Akrapovic
This thing is more scammy than a 1990s Nigerian Prince with a Hotmail account. Haas due diligence process must be along the lines of "Well he said he's legit."
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I suspect the due diligence consisted of... Did the check clear?
Quote:
Originally Posted by ScotsBrutesFan
I presume that they have the syrup made up that would then be diluted (and carbonated if a fizzy product) to fill that many cans, but not actually have the physical cans.
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Hard to say. Based upon the quote it sounds like maybe the reverse. The thinking might have been that the cans don't go bad, so buy a large order and then fill and sell as needed. Not quite "just in time" manufacturing.
Quote:
Originally Posted by Aysedasi
So they have 90 million empty cans stashed somewhere? That's just plain bizarre....
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I put this together
Richard
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__________________
To paraphrase Mark Twain... "I'm sorry I wrote such a long post; I didn't have time to write a short one."
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15 May 2019, 21:28 (Ref:3904034)
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#8
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Veteran
Join Date: Jul 2003
Posts: 5,881
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Quote:
Originally Posted by Richard Casto
I suspect the due diligence consisted of... Did the check clear?
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But will the second one?.  
Sent from my SM-G950F using Tapatalk
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Midgetman - known as Max Tyler to the world. MaxAttaq!
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16 May 2019, 07:15 (Ref:3904075)
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#9
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The Honourable Mallett
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Join Date: Feb 1999
Posts: 35,093
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Quote:
Originally Posted by Mike Harte
Noticeable also that the language used in the High Court for civil matters hasn't changed much since the 80s. Judges and barristers still like to sugar coat everything they say as if they were afraid of hurting anyone's feelings. The judge, in her way, was rather scathing about Storey's solicitors for being, at a minimum, discourteous, whilst Whyte's solicitor and barrister stopped short of saying that Storey had copied the Whyte logo.
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[O/T]This got my attention. If you ever have the time have a look at this one: https://www.pinsentmasons.com/Docume...012-07-24.html Try to find the case transcripts they are quite humorous when discussing the complainant [/O/T]
On topic, I think we said before that the whole Rich Energy thing was somewhat suspicious.
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In the current circumstances, we need to do all we can to help local businesses. With this in mind I suggest we all schedule our visits to the pub so we can keep the 2m social distancing and whilst there get completely slamied for two hours before handing over to the next shift.
It probably won't stop the virus but nobody would care.
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16 May 2019, 08:25 (Ref:3904081)
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#10
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Racer
Join Date: Mar 2019
Posts: 303
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Quote:
Originally Posted by JHamilton
How did Storey make his money?
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Management company with F1 and other sportspeople and general PR work with F1 etc.
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16 May 2019, 12:00 (Ref:3904099)
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#11
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Veteran
Join Date: Mar 2015
Posts: 10,011
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Quote:
Originally Posted by JHamilton
How did Storey make his money?
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Selling bridges I imagine.
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16 May 2019, 12:14 (Ref:3904101)
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#12
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Veteran
Join Date: Sep 2006
Posts: 921
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According to Companies House, William Storey classes himself as a computer consultant, and his co-director is a keep fit instructor. The other director who resigned in 2017 is a public house manager.
64% of Rich Energy Ltd shares are owned by Storey
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__________________
Andrew Cliffe - Norwich Photo & Racing Exposure
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16 May 2019, 12:55 (Ref:3904107)
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#13
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Veteran
Join Date: May 2018
Posts: 623
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More detail on the pretty scathing comments of the judge here:
https://jalopnik.com/haas-f1s-main-s...d-t-1834753571
One quote from the judge stood out particularly for me:
"He often did not answer questions directly, preferring to make speeches about his vision for his business or alternatively seeking to evade questions by speaking in generalities or in the third person plural. He only answered several questions when I intervened. He had a tendency to make impressive statements, which on further investigation or consideration were not quite what they seemed."
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__________________
I like taking pictures of cars going round tracks.
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16 May 2019, 13:00 (Ref:3904109)
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#14
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Veteran
Join Date: Mar 2005
Posts: 6,403
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Quote:
Originally Posted by midgetman
But will the second one?.  
Sent from my SM-G950F using Tapatalk
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I'm guessing Haas took ALL the money up front, trust but only as long as you can pay. I'm thinking before the year is out Haas will be applying for some kind of hardship allowance and removing all Rich Energy materials and back to the polished primer grey livery
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16 May 2019, 15:16 (Ref:3904132)
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#15
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 Race Official
Veteran
Join Date: Jul 2003
Posts: 5,253
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The link from the Rich Energy site to amazon has a 24 pack of 250ml cans for £30 !!!
Oh the seller... Rich Energy themselves.
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