According to a report published on www.stockpatrol.com, CMKX will not fight a Securities and Exchange Commission investigation, and has asked an Administrative Law Judge to immediately revoke SEC registration of all CMKM securities. After defaulting on several agreements, the company now concedes that it lacks money to operate. According to the report, Urban Casavant, the last remaining member of the Board of Directors will resign for health reasons. CMKX has more than 700 billion shares outstanding. (Zak Hawthorne photo) [10-26-2005]

NNRA TO ADD A FEW NEW SPORTSMAN CLASSES

A source close to the NHRA’s Sportsman classes told the Agent that NHRA will be adding a couple of Comp Eliminator classes for next year. Cars now competing at NMCA and NMRA events using belt-driven, under-hood superchargers will compete at NHRA events in (we believe) the SS/AM class. More info when we get it. [10-26-2005]

CANADIAN BORDER BLUES

The Agent is hearing that crossing into the U.S. from Canada is getting increasingly difficult for all types of racers. Evidently crossing into Canada isn’t too difficult, but going the other way is another problem all together. Blame 9/11, our sources say. [10-26-2005]

THE 'NORWALK RACEWAY PARK GOING NHRA' RUMOR THAT WON’T DIE

The Agent had a call a while back saying that former IHRA prez Bill Bader Sr. was purchasing NHRA’s Columbus facility. (The funny thing about that is that previous rumors claimed that the Pro Stock Truck Owners got that track as part of their lawsuit settlement with NHRA). Strangely, Agent 1320 has heard nothing from the usually loquacious Mr. Bader on that subject.

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Today, a call from one of the Agent’s more reliable NHRA sources brought the news that Bader and the NHRA have had conversations this year about Norwalk Raceway Park changing sanctioning body affiliation. This isn’t the first time the Agent has heard this rumor and, frankly, the Agent previously has ignored it, but new information indicates the possible scenario is that the Bader family will purchase the Columbus track and its date on the NHRA schedule, and then -- just as certain NASCAR folks have done -- will move the Columbus race date to Norwalk.

The Agent speculates that if the NHRA still has a debt load associated with the purchase of the track from the Rader family (the previous owners) or have mortgaged the track in the past to raise cash, they may just let the Bader family take the Columbus track and take the NHRA off of the hook by assuming any payments or liabilities associated with the track. We'll see how this plays out. [10-26-2005]








 

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