Sai
 

Article in this weeks Autoweek detailing how SAI has gone public through Ginseng Forrest Inc. Goes ont to discuss about Venture Holdings and what their share of SAI entailed, Series 1. Last paragraph about FFR negotiating with Venture but according to CS all Venture has was the Series 1 Licensing. Seems like we have not heard the last of all of this.

Stu

I read the same headliner and like the Head and Shoulder's commercial was left scratching my head and appreciating no revelations. In the current soft economic atmosphere permeating
the entire auto industry, I wonder how my friends employed at SAI are effected and if in reality they'll weather the storm.
But then again, I'm cranially challenged and could easily become the poster child for Rogaine. I think this entire epoch would qualify for a "numerical acknowledgement" from Bristol-Meyers, the manufacturers of Extra Strength Excedrin and would make an entertaining commercial. Appropriately #98 should be assigned.

I would think it's business as usual, with an emphasis on the Cobra's only. As for the Series 1, I wonder if they will reduce their prices, and finish what they have onhand...or simply decide that the production is closed for good on this car? **)

- Bill -

In Feb they were building 4000s in the large room where earlier series 1 was They stopped at #265 EPA wanted to recertified as 2003 or later.The article mentions 4000 production lines and others moving to other rented space. Where is that? I visit SAI in Las Vagas two or three times a year .What has moved ? where to?

will be very interesting to see if CS is the one who bought up Ginseng stock.

I noticed that the Series 1 information has been completely removed from the www.shelbyamerican.com website. I guess that's the end of the new breed???

Captain,
it makes sence that CS would get a share of the stock. that would be the point of the transaction.


From the SCHEDULE 14f-1
Under the Securities Exchange Act of 1934 filing:

Unless otherwise noted, the address of each individual or entity is that of
Carroll Shelby Licensing, Inc., 11150 West Olympic Boulevard, Suite 1050, Los
Angeles, CA 90064. All share ownership listed in the table is direct, unless
otherwise indicated.

Name and Address of Amount and Nature
Title of Class Beneficial Owners of Beneficial Ownership Percent of Class
-------------- ----------------- ----------------------- ----------------

Common Carroll Shelby 1,2 9,037,866 70.3%

Common John Luft 1,2 50,000 .4%

Common M. Neil Cummings 1,2 50,000 .4%

Common John Cathcart 1,436,400 11.2%
774 Mays Bl #10-450
Incline Village, NV 89451
Common All Incoming Officers and
Directors as 9,137,866 71.1%
a group (3 persons)

So CS has a touch over 70% from the exchange...