I haven't seen the competitor's only forum...is there a rumor running there?
OK, I guess you can post this, and please do so on my behalf:
Teams,
First off, what is said in this message stays here...DO NOT DISCUSS THIS OUTSIDE OF THIS FORUM! The following is MY TAKE on this, not the position of ROI or anything that can be backed up, so just chew on it yourselves, but KEEP IT HERE!
I guess while I was away at PUSU, a thread was started in a number of forums, by some guy claiming Rhino was closing and Howard Pearl was ripping off his axles. First off, Rhino RTV is a sister company, not the parent company, ROI. Second, Howard was not shutting the doors on Rhino RTV, he was closing shop temporarally while he recovers from a knee surgery and will be unable to manage the shop and sell product. As far as I know, it was a temporary thing and he made that clear to the employees. The guy who posted that thread had asked to store some parts and be able to work on his truck there over time and a few days ago, the shop manager called and told them the shop would be closed and they needed to come get their stuff if they needed it. A couple of the friends played a practical joke on the owner, hiding his parts in the corner of the shop under a tarp. If you notice, those threads went away, so I assume the guy found out he'd been duped by his friends in a practical joke and deleted the threads...Understand, THAT STORY IS HERESAY that I just posted...I called Howard directly. Howard didn't have any clue what in the world was going on, and said straight out, "why in the world would I steal an axle? I was nice enough to let them work on their rig in my shop and this is the thanks I get?"
So, that's what I know of the situation, but again, it's heresay, because I'm only getting bits and pieces from everyone as nobody, not even Howard, has the full details as the guy hasn't actually come out with the full story. Unfortunatly, it got everyone riled, but with Howard as the scapegoat.
Next, Rhino RTV and W.E.ROCK are not the same company, we have our own seperate bugets, planning, and marketing. ROI is the parent company. A group of executives run ROI, as well as the shareholders themselves. Howard runs Rhino RTV. Big, Lil, and I run W.E.ROCK with the help of ROI when we ask for it. It's more like a partnership and we all have things to offer one another, but our fate is not ultimately tied to the performance of Rhino RTV. And so you know, because it's a public company, it's illegal to make any major moves (like moving a shop, signing a major sales deal, etc.) without offering a very public Press Release. It is mandated because the shareholders need to know. If something big were happening at ROI, Rhino RTV, or W.E.ROCK, you'd read it in a press release.
Finally, the share prices...first off, I've said it over and over and over, I'm not an expert, nor is this to be considered "ADVICE" regarding ROI Shares. One, because it would be illegal for me to say, and two, I'm at a complete loss when it comes to the financial games of Wall Street. What I say here is not anything beyond the simple point that the market, as a whole, is in a difficult time. It appears to me that ROI is performing similar to the majority of the market. My job at W.E.ROCK is to work with Big, Lil, and the ROI staff to put together a business package that is practical and offers the best chance of success and that's exactly what we've been attempting to do. We have our good and bad luck, just as any company does, but all in all, I can say that I am working very hard to ensure the first line of W.E.ROCK is INTEGRITY. If we do well and the factors surrounding the stock market turn back in the favor of growth, the stock will rise. If not, it'll fall or stay the same. I wish I had a crystal ball.
Regardless, in August of 07, W.E.ROCK would have fallen off the face of the planet had ROI not seen the potential and come in to save it. The sport, and the teams are better off now, than if ROI had never come along, so I offer you this:
Anyone looking at their glass as only half full, or half empty at this point...that's your choice, but the fact is, it's half full. Don't forget that it was TOTALLY empty before ROI came along. Hopefully, this partnership can start refilling that glass until you need a damn keg to hold it all!
And FYI, I, Dustin, cannot see your responses. I do not have access to this thread, nor do I want it as it's part of the INTEGRITY I am pushing so hard. Feel free to discuss this here without me, but I won't be able to clarify anything. If you have a question, pick up the phone: (619) 449-0003. DO NOT take this discussion outside of this forum...
Thanks and I hope all is well,
Dustin Webster