HDP Partners Dissolution

#1 03-26-2008, 12:28 PM

Thought you guys might find this interesting - received a proxy to vote by April 7 on the dissolution of the HDP Partners corporation

#2 03-26-2008, 12:34 PM

Hmmmm....

Wassup with that?

#3 03-26-2008, 12:36 PM

It was written in most of the news accounts of the failure of the sale of NHRA to HDP, that HDP would cease business activities and shut itself down, as the major reason for its being no longer existed.

This is not anything new.

#4 03-26-2008, 12:42 PM

Quote:

Originally Posted by David N Gawboy

It was written in most of the news accounts of the failure of the sale of NHRA to HDP, that HDP would cease business activities and shut itself down, as the major reason for its being no longer existed.

This is not anything new.

just wasnt sure everyone was aware - or on the other hand maybe no one cares

#5 03-26-2008, 01:35 PM

Yes to both

Quote:

Originally Posted by Sandy Hayder

just wasnt sure everyone was aware - or on the other hand maybe no one cares

#6 03-26-2008, 01:52 PM

Quote:

Originally Posted by Toby Graham

Yes to both

If that was the strength of HDP partners, then thank God they weren't able to buy NHRA. There should be a celebration Glendora Calif.

#7 03-26-2008, 02:08 PM

Sooooooooo,
Maybe after all the hoopla and contention and speculation, and accusations, and, and, and, we find that there really was something going on in the boardroom.

Hmm.................

"D"

#8 03-26-2008, 02:17 PM

Quote:

Originally Posted by Darrell Reid

Sooooooooo,
Maybe after all the hoopla and contention and speculation, and accusations, and, and, and, we find that there really was something going on in the boardroom.

Hmm.................

"D"

The vote to not approve the purchase was phenomenally lopsided. It now makes me wonder how few people actually owned these huge numbers of voting shares.

Double Hmm.........

#9 03-26-2008, 02:28 PM

Makes me wonder who the silent partner was behind HDP

#10 03-26-2008, 03:07 PM

Quote:

Originally Posted by Sandy Hayder

Thought you guys might find this interesting - received a proxy to vote by April 7 on the dissolution of the HDP Partners corporation

Here's quote from yahoo/financia

Summary of HD PARTNERS ACQUISITION CORP - Yahoo! Finance

#11 03-26-2008, 03:10 PM

Quote:

Originally Posted by Sandy Hayder

Makes me wonder who the silent partner was behind HDP

Perhaps it was J.R.?

#12 03-26-2008, 03:20 PM

Quote:

Originally Posted by Wayne Darlington

The vote to not approve the purchase was phenomenally lopsided. It now makes me wonder how few people actually owned these huge numbers of voting shares.

Double Hmm.........

Here's list the executives according to BusinessWeek

HD Partners Acquisition Corp. (HDP): CEO & Executives - BusinessWeek

Here's list of major stock holders yahoo/financial

HDP: Summary for HD PARTNERS ACQUISIT - Yahoo! Canada Finance - Share Prices, Charts, News and more

#13 03-26-2008, 03:33 PM

Let me get this straight:

HDP was formed to purchase the NHRA
HDP was approved to be a publically traded company
HDP just decided NOT to complete the transaction

Is this a regular deal that investment companies do every day?

#14 03-26-2008, 03:44 PM

Quote:

Originally Posted by Alan Barrett

Let me get this straight:

HDP was formed to purchase the NHRA
HDP was approved to be a publically traded company
HDP just decided NOT to complete the transaction

Is this a regular deal that investment companies do every day?

Alan, i just added list of stock holders. A lot of money setting here just to dissolve because they couldn't buy NHRA. Sure smells fishy!

#15 03-26-2008, 04:35 PM

HDP was formed through an IPO as a SPAC, a Special Purpose Acquisition Corp., or a modern day blind pool. That means shareholders invest in the Corp and hope that management uses the money to buy a business that will grow and enhance shareholder value. I believe most SPACs are given a timeframe in which to make an acquisition, if it doesn't happen, the company is liquidated and the shareholders get their money back. Some have been hugely successful, this one wasn't.