Let's try this again, kids - there is *NO SEC INVESTIGATION*. Jon Vannini
simply filed a required form with the SEC when he bought more stock, and
expressed the desire to have a "racing guy" at the top and all of the team
owners off the Delaware Board.
CART is *far* from going bankrupt - they have between $100 and $200 million
in cash.
While CART may not be particularly healthy right now, that has a lot to do
with the war that was fought between Honda and Toyota over the last few
years, and the very skewed economics that came out of that war. There will
be a retrenchment, but the series will, in the long run, be fine.
Rick
> On Mon, 5 Nov 2001 20:11:26 -0500, "Cowen Wilson"
> >There is no positive sign to it.. Not only is CART shooting itself in
the
> >foot with bad management but it is also slowly losing the owner base that
> >made the company what it is. They are also under financial investigation
by
> >the SEC and are probably heading for bankruptcy.
> The SEC investigation is actually a smoke screen being used to get
> more bargaining power over CART. Nothing in it actually.
> Rafe Mc