|
Frequently Asked Questions
Stock Certificate Related Questions
- Why is
Gray Tiger Racing Inc. giving
away stock?
- Is the stock being given away "real"?
- How do I get a share of stock?
- Why does a "free" share of stock cost $2.00?
- Can I sell my stock?
- What is the stock really worth?
- Can I get a share of stock to give as a gift?
- Can I get more than one share of stock?
Fan Club Related Questions
- What is the Gray
Tiger Racing Team Fan Club, and what are the
benefits of becoming a member?
- How do I become a member?
- How long is the membership good for?
- Why is the membership cost showing up as a Shipping
cost in the Shopping Cart?
- Can I give my membership to someone else?
Race Team Related Questions
- What kind of car will
Gray Tiger Racing Team be
using?
- What kind of engine will the team use?
- Who are the team drivers and members?
- What races are the team planning to run?
Company Related Questions
- Who is Gray
Tiger Racing Inc.?
- How do I contact you?
- Are there any employment opportunities available?
Have a question not listed? Ask us!
Answers to Frequently Asked Questions
Stock Certificate Related Answers
- Why is
Gray Tiger Racing Inc.
giving away stock?
Its simple! We want you to
be a Gray Tiger Racing
Team
fan. By giving you a piece of the company we hope that you will become
a fan by supporting the team and following its progress. The bigger
our fan base the more appealing the team is to sponsors.
Back to top of Page
- Is the stock being given away "real"?
Yes, this is real stock and
ownership of a share of stock entitles you to all the rights of a
shareholder. The State of Arizona has authorized
Gray Tiger Racing Inc. to issue
250,000 shares of common stock.
Back to top of Page
- How do I get a share of stock?
There are three ways to get a
share of Gray Tiger Racing Inc.
stock. The first, is to purchase any of the team hats or shirts and
you will automatically receive a share of stock and a membership in the
Gray Tiger Racing Team Fan Club
absolutely free. Second, you can purchase a membership to the Fan Club
and you will automatically receive a share of stock absolutely free.
Third, you can order a share of stock for just our actual costs (see
question 4 below). All
team hats and shirts, the Fan Club membership and the individual stock
certificates can be purchased by going to our
Merchandise
page. Back to
top of Page
- Why does a "free" share of stock cost $2.00?
Although we are giving away the shares of stock,
there are a few costs that we need to cover. Since these are real
stock certificates, they must be printed and recorded. And there is
the cost of the mailing envelopes and the postage for mailing the
certificates. The certificates are printed on 24 lb. watermarked Fine
Linen Paper and our printing and recording costs are 73 cents
per certificate. The high quality mailing envelopes that we use to
insure that the certificates arrive undamaged and ready for framing are 43 cents a piece.
The postage within the U.S. is $1.06 per envelope. Our actual cost per
certificate is $2.22, so we are charging $2.00 to cover some of these costs.
These costs show up in the Shopping Cart as Shipping cost so that taxes are
not applied.
Back to top of Page
- Can I sell my stock?
Although these are real stock,
there is currently no secondary market for this stock since the shares of
stock are being given away. However, once the initial authorized
shares of stock are given away, a second stock offering is expected.
The stock for this second offering will have a par value set to reflect the
current value of the corporation at which time there should be a secondary market
allowing you to sell your stock at that time.
Back to top of Page
- What is the stock really worth?
Currently, the only stock issued
for Gray Tiger Racing Inc. is the
250,000 shares being given away. This means that the actual worth of
the stock is 1/250,000 of the value of the corporation. So as the
value of the corporation grows, so does the value of your stock.
Back to top of Page
- Can I get a share of stock to give as a gift?
Yes, shares of stock may be
placed in any living person's name. In fact, these stock certificates
make excellent gifts for any race fan. However, since these are real
stocks, the owner's name and address need to be recorded and are required
when ordering a share of stock.
Back to top of Page
- Can I get more than one share of stock?
Yes, in fact every time you
place an order you will receive another certificate. However, you are
only allowed to place a single share in your Shopping Cart for each purchase
order. Back to
top of Page
Fan Club Related Answers
- What is the
Gray Tiger
Racing Team Fan Club, and
what are the benefits of becoming a member?
The
Gray Tiger Racing Team Fan Club
is a way for race fans to get involved with and get up close to a
professional racing team. First, it will allow Fan Club members to
purchase merchandise at a discount, and the more involved the member is, the
greater the discount. Second, it will give Fan Club members the
opportunity to ask questions and make suggestions about the team, and get
inside information about Gray Tiger
Racing Team and about racing in general. Third,
Gray Tiger Racing is planning
several events for the members including hospitality tents at the tracks
during race weekends, pre-race activities, post-race
activities, autograph sessions and merchandise giveaways.
Back to top of Page
- How do I become a member?
There are two ways to become a
member of the Gray Tiger Racing Fan Club.
The first, is to purchase any of the team hats or shirts and you will
automatically receive a membership in the
Gray Tiger Racing Team Fan Club
and a share of Gray Tiger Racing Inc.
stock absolutely free. Second, you can purchase a membership to the
Fan Club. If you purchase a membership, you will also receive a share
of stock absolutely free. All team hats and shirts and the Fan Club
membership can be purchased by going to our
Merchandise
page. Back to
top of Page
- How long is the membership good for?
The membership in the
Gray Tiger Racing Fan Club does
not expire. However, the cost of the membership is expected to
increase when the second stock issuance occurs.
Back to
top of Page
- Why is the membership cost showing up as a Shipping cost in the
Shopping Cart?
The Fan Club membership shows up as the Shipping
cost so that taxes are not applied to the purchase of the membership.
Back to
top of Page
- Can I give my membership to someone else?
No. At this time the membership is tied to
the person making the purchase. We hope to have gift memberships
available for purchase soon.
Back to
top of Page
Race Team Related Answers
- What kind of car will
Gray
Tiger Racing Team be using?
The
Gray Tiger Racing Team is
planning on purchasing 2 cars from Rohr Racing for the
2008 Rolex Series racing season.
Back to top of Page
- What kind of engine will the team use?
The original plan was to utilize
the Honda V-6 engine. However, the engine has not yet been approved by
Grand American. Final engine select has not been made yet.
Back to top of Page
- Who are the team drivers and
members?
The team is still in the forming
stages and team drivers and other key team members have not been identified
yet. We hope to be able to announce the drivers and key team members
as the delivery of the cars comes closer.
Back to top of Page
- What races are the team planning
to run?
Gray Tiger Racing Team
hopes to have the 2 cars delivered in
time for the 2008 season.
Back to top of Page
Company Related Answers
- Who is
Gray Tiger Racing Inc.?
Gray Tiger Racing Inc. is a publicly owned
Arizona corporation formed March 18, 2002. It was
established to form a race team to compete in the Grand American Road Racing
Association's new "Daytona Prototype" category.
Back to top of Page
- How do I contact you?
You may contact us by mail or by
email. Please see our
Contact page.
Back to top of Page
- Are there any employment
opportunities available?
We hope to be hiring a number of new employees to
fill various positions in the near future. At that time we will be
accepting applications. We will be posting that information on the
website on the
Latest News page. Please do not
send resumes at this time, but continue to check the Latest News page.
Back to top of Page
|
