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22 Dec 2003, 11:28 (Ref:818114)
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Racer
Join Date: Apr 2002
Posts: 353
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Cart maybe no more
Just heard that cart maybe going into bankruptcy this week.
Not sure if this means they will not run next year or not but it cant be good news for Indy. |
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__________________
Life is short, it's better to try and fail than not try at all. 
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22 Dec 2003, 11:29 (Ref:818115)
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#2 | ||
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Veteran
Join Date: May 2001
Posts: 5,449
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22 Dec 2003, 11:30 (Ref:818116)
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#3 | ||
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Veteran
Join Date: May 2001
Posts: 5,449
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and this one - explains why the bankruptcy court hearing
http://tentenths.com/forum/showthrea...threadid=47777 |
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22 Dec 2003, 11:37 (Ref:818120)
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#4 | ||
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Racer
Join Date: Apr 2002
Posts: 353
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Thanks Racetime. I didn't see them when I looked on the cart thread.
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__________________
Life is short, it's better to try and fail than not try at all.
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22 Dec 2003, 11:47 (Ref:818124)
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#5 | ||
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Veteran
Join Date: May 2001
Posts: 5,449
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No problem - I remember receiving a media release last week about it so was certain the bankruptcy proceedings aren't the death knell some will say it is..
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24 Dec 2003, 02:18 (Ref:819612)
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#6 | ||
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Veteran
Join Date: Sep 2003
Posts: 1,767
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I mentioned a while ago that CART was being allowed to drift into financial oblivion so that a group of people could pick it up for a song at the bankruptcy fire sale.
This was when people started saying how CART was dead and the V8's would have Surfers to themselves. I think I was even shouted down s a heretic at the time. It is hard being right most of the time. |
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__________________
"...full of sound and fury, yet signifying nothing...."
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24 Dec 2003, 02:35 (Ref:819620)
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#7 | ||
 Race Official1% Club
Join Date: Dec 2002
Posts: 46,770
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I dont think I branded you as a heretic.
I would be concerned as a compulsorily-acquired shareholder at 56cents a share to see the shareholder value detonate in the last 12 months at the rate it has. The US SEC should be investigating and kicking some serious pain into the people that allowed this circumstance to eventuate. |
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__________________
Happy David Thexton Day, 21st March 2003 “I am not uncertain” - Dollar Bill Stern, Billions “Fear stimulates my imagination” - Don Draper, Mad Men “Everybody Lies” - Dr Gregory House, House “Trust But Verify” - Commissioner Frank Reagan, Blue Bloods
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