Real 1,
1. A runner kit consists of the misc. components needed to complete the drivetrain installation to include Flywheel, clutch, pressure plate, bell housing, shifter, drive shaft, coolant lines, fuel lines, remote
oil filter adapter and lines, motor and tranny mounts, batteries, hose clamps, etc. Approx cost $3 to 4K.
2. What was meant by no rights at this time is that Mr. Price had the rights prior to his bankruptcy through an agreement between himself and AC. As I understand it Mr. Lubinsky of course would not need to acquire the rights from the court system in that the rights were not part of Price's bankruptcy and Lubinsky has had the rights to the company and trademark since 1996. The rights were assigned to Price through a management agreement and the bankruptcy as well as performance issues breached the agreement. I am not a lawyer but this is what the research firm in the UK has told us in writing.
3. I will look further into this but a complete report identifying Mr. Lubinsky as the legitimate owner of the name and assets of AC was provided to us by a UK legal firm.
4. To my knowledge Mr. Price has not taken legal action and is not threatening to do so. No Mr. Price is not a part of the Shelby AC Cobra "Deal".
5. As stated the total production will not exceed 50 vehicles per year between the models combined, the agreement is a three year agreement with extension options.
Once again I must state that this is the information that has been provided to us by Mr. Lubinsky and independant counsel in the UK.
R Brent Fenimore
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