SpaceDev Signs Agreement to Be Acquired by Sierra Nevada

[spacy600]

<p><BR/>Replying to:<BR/><DIV CLASS='Discussion_PostQuote'>There could be a different price for the insiders. Even if they paid 50% better price for half of the shares, that would still be a 16.7% discount compared to if they paid the higher price for everybody (hypothetical scenario 150 + 100 = 250 but 150 + 150 = 300).It would be in our best interest to contact a lawyer in California. The 1.5 million penalty for the company for no-deal is wrong and would require further action by shareholders.This is a rip-off of the minority shareholders.&nbsp;Do you happen to live in California? Is there a chance you might be able to contact a local lawyer and ask about the deal?&nbsp; <br /> Posted by aphh</DIV></p><p>Spacedev is ruled by Deleware corporate law. They reincorporrated there, after they bought Starsys.</p><p>I am not in Ca.</p><p>The lawyer link I posted on page 1 of this thread is a class action lawsuit. I do not recomend them, they are&nbsp;</p><p>class action specialist. Google them and you get hundreds of cases.</p><p>Me and a couple of other people are thinking about it. Still seeing if the case has merit and what outcomes&nbsp;</p><p>are viable. It will take some time.</p>

 

[aphh]

<p><BR/>Replying to:<BR/><DIV CLASS='Discussion_PostQuote'>Spacedev is ruled by Deleware corporate law. They reincorporrated there, after they bought Starsys.I am not in Ca.The lawyer link I posted on page 1 of this thread is a class action lawsuit. I do not recomend them, they are&nbsp;class action specialist. Google them and you get hundreds of cases.Me and a couple of other people are thinking about it. Still seeing if the case has merit and what outcomes&nbsp;are viable. It will take some time. <br /> Posted by spacy600</DIV></p><p>The class action suit has good chances of getting something a bit better forked out of the deal, but I doubt the participating shareholders will see much of the proceeds.&nbsp;</p><p>Hence if you know more people interested in doing something about this, I propose talking to a local Delaware company lawyer and ask whether he/she sees merit for a separate case.</p><p>We are being robbed not only the full value of the company and the shares, but future earning potential aswell. <br /><br />That is not usually very cheap thing to do, I think. <img src="http://sitelife.space.com/ver1.0/content/scripts/tinymce/plugins/emotions/images/smiley-smile.gif" border="0" alt="Smile" title="Smile" />&nbsp; </p>

 

[spacy600]

<p><BR/>Replying to:<BR/><DIV CLASS='Discussion_PostQuote'>The class action suit has good chances of getting something a bit better forked out of the deal, but I doubt the participating shareholders will see much of the proceeds.&nbsp;Hence if you know more people interested in doing something about this, I propose talking to a local Delaware company lawyer and ask whether he/she sees merit for a separate case.We are being robbed not only the full value of the company and the shares, but future earning potential aswell. That is not usually very cheap thing to do, I think. &nbsp; <br /> Posted by aphh</DIV></p><p>Proxy Here </p><p>TWo litigation actions, are you one of them?</p><p>Lots of detail, and background.</p><p>I would like to know your thoughts.</p><p>Thanks</p><p>&nbsp;</p>

 

[aphh]

<p><BR/>Replying to:<BR/><DIV CLASS='Discussion_PostQuote'>Proxy Here TWo litigation actions, are you one of them?Lots of detail, and background.I would like to know your thoughts.Thanks&nbsp; <br /> Posted by spacy600</DIV></p><p>Thanks for the info. I need to study the text properly first.</p><p>I'm not part of a litigation at this point, but I think we're not getting a fair price and the conditions set for the merger were not fair either.</p><p>But the majority wants to sell and I'm the minority. I will lose some money and future prospects, but life goes on. </p>

 

[spacy600]

<p><BR/>Replying to:<BR/><DIV CLASS='Discussion_PostQuote'>Thanks for the info. I need to study the text properly first.I'm not part of a litigation at this point, but I think we're not getting a fair price and the conditions set for the merger were not fair either.But the majority wants to sell and I'm the minority. I will lose some money and future prospects, but life goes on. <br /> Posted by aphh</DIV></p><p>Why they want to sell I will never know.</p><h1 id="StoryContent_TopPageNavigation_Headline" class="storytitle">SpaceDev Reports Third Quarter Fiscal 2008 Results</h1> <h2 id="StoryContent_TopPageNavigation_Headline2" class="storytitle"> Revenues Increase With Growth in Operating Income, Net Income and Adjusted EBITDA </h2> <div id="StoryContent_TopPageNavigation_PageInformation" class="PageLinksTop"> <div id="StoryContent_TopPageNavigation_MissingAuthorSpacer" class="HeadlineSpacer"><br /></div></div>

 

[aphh]

<p>Well, SPDV is gone. Atleast gone from us space enthusiasts.</p><p>It's interesting to see whether the new owners will put muscle into it or strip it down to barebones company for maximum profit. SpaceDev was not just a company, but a one man's dream that became real.</p><p>Are there any other emerging space companies I could invest in? Or do I need to start my own space business? </p>

 

[nimbus]

Google search seems to report SpaceX IPO in 2009. <div class="Discussion_UserSignature"> </div>