Sunday, October 19, 2008 9:46:44 PM
Once again you guys pull up some good DD.
A couple of notes on the expansion of FT.
The acquisition of FT by DDI was announced April 18
- only 6 weeks later (June 4) the expansion plan was presented to the planning board in "concept" phase
- 1 week after that (June 9) the PIPE and closing on the acquisition was done
- 3 weeks after that (July 2) the planning board approves the plan which now has all related permits and filings accepted
That is a very impressive time line. I call that execution on the roll-up plan.
one side tidbit from a phone conversation with Steve Haag a few days ago - "DDI north" is what they call "the machine shop" and it seemed to me that the satellite operation was just a small additional shop facility to the main shop, nothing more, nothing less. Steve said it had been part of the overall operation since before he was brought on as IR.
A couple of notes on the expansion of FT.
The acquisition of FT by DDI was announced April 18
- only 6 weeks later (June 4) the expansion plan was presented to the planning board in "concept" phase
- 1 week after that (June 9) the PIPE and closing on the acquisition was done
- 3 weeks after that (July 2) the planning board approves the plan which now has all related permits and filings accepted
That is a very impressive time line. I call that execution on the roll-up plan.
one side tidbit from a phone conversation with Steve Haag a few days ago - "DDI north" is what they call "the machine shop" and it seemed to me that the satellite operation was just a small additional shop facility to the main shop, nothing more, nothing less. Steve said it had been part of the overall operation since before he was brought on as IR.
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