Storey has been told to get back in his box by the Rich investors, there's a link to the article in the F1 thread
Truly the gift that keeps on giving.
I daresay that Haas will be looking to part company with a disreputable sponsor before too long, I hope that they've been paid in full and up front.
or Storey could find himself getting ousted from his own company
I daresay that Haas will be looking to part company with a disreputable sponsor before too long, I hope that they’ve been paid in full and up front
Or are heavily insured against this particular risk since they suspected* RE didn't have the cash and are right now preparing to shake that magical money tree.
*I've my suspicions about how they might be well aware of this.
"Rogue actions of one individual" apparently. Rich plan to "legally remove the individual"
Taxi for Mr Storey...
Press now suggesting that Rich Energy couldn't make payments.
And I had no idea they had tried to take over/run Force India...?
Has he forgotten to take his medication?
Clearly the elephant tranquilliser hasn't worked.
Notice a new logo has been submitted to the IPO. Different enough you reckon?
https://trademarks.ipo.gov.uk/ipo-tmcase/page/Results/1/UK00003411114
Whyte can't expect to control every Stags Head logo. They might end up on the opposite end of a court action from Dalmore Distillery 😁
This story gets better and better 🙂
Hmm...strangely enough that "new" logo looks less stag and more like they are now making two V signs...a tad schoolyard methinks.
More money well spent on their graphics designer and his "creative process"?
Kinda looks like they're doing this with both hands
Edit: Post above wasn't showing when I posted this
Notice a new logo has been submitted
Question is... why do they need a logo? hmmm
This should cheer him up...
https://twitter.com/F1/status/1149610438851616769
[edit] darn, 43 seconds too late
Fixed it 🙂
Rich Energy Takes Your Wings Away.
[edit] darn, 43 seconds too late - [edit2] cheers Jamze 🙂
Rich Energy - broken and discarded.
too late !
Storey has been told to get back in his box by the Rich investors, there’s a link to the article in the F1 thread
Has anybody done any detective work yet into who Rich Energy’s investors are? I ask because, let’s face it... Any reputable F1 team would have dropped a sponsor like they were hot the moment they got into trouble. The fact Haas haven’t drives enough suspicion as to ask why they haven’t.
In fact, if in time it doesn’t come out that a certain team owner (given serious previous form for tax fraud and witness intimidation) “masterminded” the whole thing, I will eat my hat! His biggest mistake was on choosing a Maverick such as William Storey (and a lack of due diligence regarding the logo), who when suddenly thrust into the limelight by someone else’s dirty money, gets illusions of grandeur and thinks he is suddenly the brains (and the money) behind the operation!
We don’t know it yet, but Storey may have played an absolute blinder by being such a rogue agent and compromising the whole operation!
there are some names in this report;
https://www.motorsport.com/f1/news/rich-energy-investors-save-haas-deal/4492346/
On 20/08/2018 the company's overall number of shares increased to 100 and had a total value of 100 GDP. Where 64% was held by William John Storey (64GDP), 12% by Brandsellers Holding Limited (12GDP), 10% by Charlie Simpson (10GDP), 10% by Robert Lee (10GDP), 2% by Neville Weston (2GDP) and 2% by Lloyd Tunicliffe (2GDP).
On 13 Sep 2018 the shares were sub-devided where the previously owned 100 shares valued at 1GDP each were now numbered at 10,000 shares and were worth now 0.01 GDP earch (vertually nothing). This was done by William John Storey and was sent by Brandsellers Holding Limited.
Rob Lee is the footballer (Charlton), Not sure about Charlie Simpson (could be of boyband fame) no idea who Neville Weston is. oh edit Lloyd Tunnicliffe - insurance geezer i think.
Capital value of £100? Seems legit.
Has anybody done any detective work yet into who Rich Energy’s investors are?
Yes.
*Tilts fedora to a jaunty angle, raises collar of trenchcoat and walks off in to a moodily lit alley...*
Low share values is fairly normal for non publicly traded companies. They have to have a nominal value so most will be something like £1 or 1p each.
That paragraph doesn't explain the change to 10,000 very well, did they just divide them up evenly to make selling small portions easier, or did they dilute the shares, I.e. does the investment company now own 9912 shares?
Gets worse, there are now legal letters appearing on Twitter. Still Storey I assume??
https://twitter.com/rich_energy/status/1149670559296307200
Is 'wrestle control' really legal jargon? From a company with no internet presence and onyl been around a year.
That letter seems a bit... off. "Wrestle" control being part of it ("wrest control" is the more usual term); the gmail address, the use of "they" to refer to Storey etc.
It all sounds a bit... less than totally professional, tbh, like you slipped the law firm intern a fiver to mock up a letter.
Knocking up false documents would be unthinkable......oh, wait
Yep all seems legit.
Is there a legal letter template in MS Word?
.
That letter does have a point - given the shareholding outlined above the minority shareholders don't appear to have control of the company (unless there are voting/non voting shares).
Out of interest, how does a CEO who is majority shareholder get fired then?
Completely opinion obviously but, given the money involved in f1, wouldn't you expect hass to be using a slightly more established firm than one that's only been about for 18 months and works from a residential* address?
*There's 20 business records at 81 Elizabeth Street, some dormant, and 2 at 85.
It's not residential. It's an office located above an estate agency. Fairly normal for multiple companies to be registered in a single address, too.
There's an excellent cigar shop just up the road as well. Which is nice.
This might be interesting reading, Jalopnik have also done some "digging" 😉😁
Where does this guy come into it??
Lucas Browne!
The decision to openly mock Whyte on social media is looking inspired. Not the kind of wind up he was hoping for. 😄
Completely opinion obviously but, given the money involved in f1, wouldn’t you expect hass to be using a slightly more established firm than one that’s only been about for 18 months...
Mr. Courtenay-Stamp seems v. experienced though. Has previously been involved with Stewart and Jag F1 (who became Red Bull!) if it's the same chap.
Any reputable F1 team would have dropped a sponsor
It's not called the Piranha Club for nothing. F1 teams don't care where the money comes from.
Captain Caveman has met with himself again.
https://twitter.com/rich_energy/status/1149924686807076864?s=19