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  #1  
Old 01-31-2008
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fuelfan fuelfan is offline
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Thumbs down HDP/NHRA deal is dead!

HDP/NHRA deal is dead!

http://www.nhra.com/content/news/26527.htm
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Old 01-31-2008
Roy White Roy White is offline
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Well the door is back open for others..........
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Old 01-31-2008
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Just saw on story on DRO.

Part of which read:

Darr Hawthorne, DRO reporter and HDP stockholder, was present for the vote, most of which was done by proxy.

“It was a surreal deal,” said Hawthorne. “There were just seven people in the room -- two with suits and ties and the rest in working clothes including (HDP CEO Eddy) Hartenstein who had on a black jacket. The whole deal took just 15 minutes and we were done.”

No one from the NHRA management team was present.


If true, what a mess.
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Old 01-31-2008
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dragracer3773 dragracer3773 is offline
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This is not the end of the world. If Cerebus investors had this long to think over the Chrysler acquisition they would have pulled the plug also.
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Old 01-31-2008
USA-1 USA-1 is offline
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Quote:
Originally Posted by Roy White
Well the door is back open for others..........
"..... Mr. Smith, there's a pair of long-distance phone-call for you, both of them from Glendora, California.....



..... one is a man with slurred-speech, by the name of 'Compton'.....

..... and the other says he doesn't 'trust his optical-data' ?????"
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  #6  
Old 01-31-2008
gary4205
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Quote:
Originally Posted by dragracer3773
This is not the end of the world. If Cerebus investors had this long to think over the Chrysler acquisition they would have pulled the plug also.
No foolin'!
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Old 01-31-2008
gary4205
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Quote:
Originally Posted by USA-1
"..... Mr. Smith, there's a pair of long-distance phone-call for you, both of them from Glendora, California.....



..... one is a man with slurred-speech, by the name of 'Compton'.....

..... and the other says he doesn't 'trust his optical-data' ?????"
That would be an interesting pair of phone calls!
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Old 01-31-2008
ruserious ruserious is offline
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Quote:
Originally Posted by gary4205
Just saw on story on DRO.

Part of which read:

Darr Hawthorne, DRO reporter and HDP stockholder, was present for the vote, most of which was done by proxy.

“It was a surreal deal,” said Hawthorne. “There were just seven people in the room -- two with suits and ties and the rest in working clothes including (HDP CEO Eddy) Hartenstein who had on a black jacket. The whole deal took just 15 minutes and we were done.”

No one from the NHRA management team was present.


If true, what a mess.
If what we are reading is true!
appears to be a landslide defeat:
The share vote was 99,000 for the acquisition and 16.6 Million against.

as soon the annoucement hit the wires HDP stock went up .75 per share biggest jump in their stock price since their IPO...sold mine.
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Old 01-31-2008
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Quote:
Originally Posted by ruserious
If what we are reading is true!
appears to be a landslide defeat:
The share vote was 99,000 for the acquisition and 16.6 Million against.

as soon the annoucement hit the wires HDP stock went up .75 per share biggest jump in their stock price since their IPO...sold mine.
How about that. The corp becomes more valuable without a business to run.

Can't say that I'm surprised. The institutional holders of HDP stock are about making a quick buck, and they didn't see that as being possible.
What did surprise is the report that nobody from NHRA management attended.
Maybe Compton couldn't make because he knew which way the wind was gonna blow, and had to return the Bentley to the leasing agency.
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Old 01-31-2008
Ron Burke Ron Burke is offline
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I'm just grief stricken. Who is going to take the NHRA ro the "next level" (sorry if I set off your BS detector).

So what happens now.I thought if HD didn't have a business by the end of Jan or sometime near the company would be disbanded and the money paid for stock would be returned. Do they have another acquisition or is the whole HD deal kaput?
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