Check this link out:
http://forum.e46fanatics.com/showthread.php?t=985812
(I believe it may be against the rules to post links to other forums, but I believe this is an exception because HPF has been a big member of the e46 m3 FI community.)
I honestly don't know what to think. I remember watching their first videos on YouTube before I was even a member here.
This is my signature....
Wow, that sucks...
OLD
E30
636whp
1/4 mile: 10.91@144.38
http://www.youtube.com/watch?v=L_f7fUVqblI
NEW BUILD
335d
520whp
635wtq
120.51mph trap speed
I had a feeling this was gonna happen sooner or later.. You ever see the size of that place!!! Definitely not necessary, They also had that employee that supposably pulled that scam on them a few years back.. Who knows there could be a million reasons behind it.. Im sorry for those employees and those that recently payed for a kit...
I'm guessing it's not true.
No way they were just posting last week about all the new E46 hood R&D and whatnot.
Dinan Custom Intercooled S/C M3 01' 740 Sport 03' 745i
A Few Harleys
Piper Cherokee
OLD
E30
636whp
1/4 mile: 10.91@144.38
http://www.youtube.com/watch?v=L_f7fUVqblI
NEW BUILD
335d
520whp
635wtq
120.51mph trap speed
The fanatics thread is growing and providing more info... It's definitely for real. Crazy!
Last edited by futureroadracer; 05-06-2013 at 11:47 PM.
OLD
E30
636whp
1/4 mile: 10.91@144.38
http://www.youtube.com/watch?v=L_f7fUVqblI
NEW BUILD
335d
520whp
635wtq
120.51mph trap speed
wait and see, Chris closes the door only to open up another shop in another name.
terrible news for HPF.......looks like Radowski got his kit rolling right on time though!
Get em Mike!
I think it's time to allow Sigma back now.
Unbann Sigma
Last edited by GG///M3; 05-06-2013 at 10:41 PM.
“If liberty means anything at all, it means the right to tell people what they do not want to hear.”
― George Orwell
So an employee theft that occurred two years ago that ended up in a $175,000 loss for a company that size two years later.... that could have easily been prepared for.... was enough to close the doors on a days notice?
Did I read that correctly?
My M3 is 1 of 2
I feel terrible for the employees. They built some clean cars.
On the other hand, I'll just leave this right here.... http://www.youtube.com/watch?v=-L7YN...ature=youtu.be
Losing in court and closing up the next day is asset protection 101. Sounds like bankrupcy.
And the dude in the other thread claiming he has rights to all partial kits and parts has a big reality check coming to him if it is indeed bankruptcy.
Last edited by redfoot; 05-06-2013 at 11:18 PM.
Wow !!! How sad !!!
Sent from my iPhone using Tapatalk
i got these parts for sale
front corner light for a 4 door E36 $20plus shipping
headlight eyebrows $20 plud shpping
M3 OEM radiator $100 plus shipping
M52 cams with trays high miles $150 shipped
M3 front calipers $150 plus shipping
18x8 offsed 35, front 18x10 offset 40 rear bsa motorsports wheels $400 plus shipping
obd2 valve covers $50 plus shipping
intake manifolds $50 plus shipping
estoril blue doors of a 96 M3 2door $200 plus shipping each
rear glass $50 plus shipping
rear trunk lid $150 plus shipping
new 1/4 is 800 ft away ))
Im sorry for those employees and those that recently payed for a kit
I have been working with Chris B. trying to find a solution, but none was found. This is a direct result of more than $200,000 being stolen by a former employee, he was very sneaky in wire and credit card fraud . HPF's insurance only covered $25,000.00, when the HPF lost it's lawsuit today against the insurance agent and company it spelled the end. Dave received 38 months in jail, but the entire community lost out on this. Remember what it takes to bring in $200,000 net income, thats over $580,000 gross sales on top of your normal sales. Add in a 28% rent increase plus higher insurance rates due to the theft and higher processing fee's due to the theft it add's up. Not to mention $200,000 in charge backs to deal with and penalties and attorneys fees, there was no way to save it and I did not feel it was smart to throw anymore money on a sinking ship. A sad day for the entire community. And there is no surprise for me, paperwork is done. The kit now belongs to me as their highest creditor. I'm working with AEM to revive the kit when the infinity comes out, until then we all just wait. There is nothing shady and there will be no bankruptcy, business is closed. Shittty day for sure.
Last edited by ForceFed M3; 05-07-2013 at 12:39 AM.
HPF Stage 2.75 #001
No umbrella policy?
HPF Stage 2.75 #001
Last edited by redfoot; 05-07-2013 at 01:11 AM.
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