Marauder Jet Powered

[sailsmen]

The Marauder Jet Powered set a new record with a trap speed of 299.99mph.

Details to follow!

[Ambitious1]

Awesome! Video? Links?

[Zack]

It's April Fools, come on people

[lji372]

same joke different year

[sailsmen]

I drove the Marauder Jet Car, MJC, today.
MJC is powered by General Electric J85-GE-13 turbojet engines featuring 2,720lbs of standard thrust and 4,080lbs of thrust.
The acceleration is like a jet. Due to traction limits I could only go 1/2 throttle.
She will be the fastest Marauder in the World!

[fastblackmerc]

Pics or it never happened...................... .......




















Of course there will be NO pics!


April Fools!!!!!!!!!!!!!!!!

[CoreyM75]

I gotta say, this is a lame April fools joke. It's not even plausible.

A good one is Ohio State University having to switch from scarlet and gray because they were sued by a small school in the Upper Peninsula. That fooled a lot of morons from Ohio.

[CoreyM75]

Now this is a good April fools joke.

It appears that Harbor Freight Co. has been slowly accumulating shares in Snap-on Inc. (NYSE: SNA) stock over the last 3 years without people realizing it. Usually investors are able to notice this sort of thing by looking at recent SEC 13D filings, which must be submitted any time one person or entity becomes more than a 5% owner in a publicly traded company. They flew under the radar by slowly purchasing a 4.99% stake in Snap-on Inc. under each of four different company names, which were all hidden subsidiaries under the umbrella of Harbor Freight Co. That sneak play alone got them to 19.96% total ownership in Snap-on Inc. in a way that was almost impossible for anyone to notice.*

More recently (2 months ago on Jan. 31st), they dramatically increased their ownership in Snap-on by increasing the shares held by each of their hidden subsidiaries to just over 10% of SNA's total shares outstanding. Since ownership from each Harbor Freight subsidiary went over the 5% threshold, the requirement to file a form 13 with the SEC was triggered, but instead of filing the much more common 13D SEC form they instead submitted 13G. It is a minor difference with major consequences. One is able to file 13G if they want to own more than 5% of a publicly traded company but at the same time they must not intend to use their partial ownership to exert any control over how the company is run. SEC form 13G is for passive ownership only, 13D is for active ownership purchases. Since passive ownership (form 13G) is unlikely to affect a company's profitability or how a company is run, most investors don't pay any attention to the 13G filings.*

It gets even more complicated though, because Harbor Freight Co. has recently consolidated all its' original 4 subsidiary companies back under the Harbor Freight Co. name while at the same time increasing its' market share in Snap-on Inc. beyond the 40% level, but I will come back to that later in this article. More importantly for stockholders, during the recent stock buying spree Harbor Freight Co. also changed their mind about wanting "passive ownership only" status. As a result of this change in intent, they amended their original 13G filings and filed new SEC 13D forms after the trading day ended yesterday. The new 13D forms were posted on the SEC website late last night. Anyone can go the their site and read them if they want to know more.*

Snap-on stockholders and the market in general was very surprised by this new information and what it might mean for the future of the Snap-on brand. This new uncertainty has taken a toll on the SNA stock price during after hours trading and pre-market trading this morning. At the time of this writing the stock is down 23% from yesterday's close. This new revelation is frightening, but the sad truth is that it is now too late to do much about it.*

As of a week ago, Harbor Freight was actually a 40% owner of Snap-on Inc. as a result of their previous tactics which included hiding their stock accumulation amongst four separate subsidiary companies, and using the form 13G to hide their actions from onlookers once ownership levels exceeded 5% for each of the subsidiaries. That was bad enough, but two days ago they actually managed to use another sneaky tactic to increase their share ownership percentage to just over 50% of SNA's total outstanding shares. How did they do this without anyone knowing? They paid off a Snap-on high level employee to perform insider trading on behalf of Harbor Freight Co. Those of you familiar with insider trading know that insider trades require the filing of SEC Form 4. There is a bit of a loophole though, in that they don't have to file the Form 4 (indicating an increase in insider ownership) until the end of the second business day after the stock accumulation has already been completed. They used this two day filing window to finalize their majority position in Snap-on Inc. and by the time anyone else knew about it the damage was already done.

At the time of this writing, everything has been finalized and Harbor Freight Co. is now officially the majority stockholder of Snap-on Inc. In an early morning formal press release they eased the minds of some by expressing a desire to use their new influence to keep the current Snap-on production line in the USA, but they also indicated they will not support future investment in any new tooling within the U.S. They will also be pushing towards using factories in Taiwan and/or China for all future new Snap-on product offerings.

[sailsmen]

Well, At least I got a laugh out of reading my own post.

[Ambitious1]

It's April Fools, come on people

Lol, I know but I thought it would be fun to go along with it.