No it's true. He's riding a flat black bike with white numbers. That's it. He's also wearing his 2007 Jordan leathers with all the logos and whatnots pulled off.
He got the bike 3 days ago and bolted on a bunch of stuff at the track, was able to get out for the 2nd practice session yesterday to start shaking it down. He said he thinks he has another 3 seconds in him on the stock bike. He hopes to have graphics, and a real racebike before fontana. Its pretty much his own gig, although not much being said till after Daytona and I think after that more info will be available as to what the new team will be and look like etc going forward. Stay tuned!
The money man is a former Parts Unlimited employee and I believe he worked with Chandler too. Jake's got the money behind him, hopefully they can get the bike worked out.
