jagr Posted September 7, 2010 Report Share Posted September 7, 2010 http://www.businessweek.com/news/2010-07-12/u-s-highland-falls-after-plane-crash-kills-officers.htmlU.S. Highland Falls After Plane Crash Kills OfficersJuly 12, 2010, 4:46 PM EDTMORE FROM BUSINESSWEEKBy Theo KeithJuly 12 (Bloomberg) -- U.S. Highland Inc., the maker of Motocross performance motorcycles, plummeted in over-the-counter trading after the company’s president and two other top officers died in a plane crash.The shares fell 54 cents, or 44 percent, to 75 cents at 3:45 p.m., the biggest drop since April 1.President Mats Malmberg, 41; Chief Operating Officer Chase Bales, 51; and Chief Financial Officer Damian Riddoch, 37, died late July 10 when their plane smashed into a wooded area in Tulsa, Oklahoma, killing all three on board, the company said today in a statement.“This is a human tragedy beyond imagination,” Chief Executive Officer Steven Moell said in the statement. “They were all true visionaries and will be deeply missed.”The three were returning from Detroit when an emergency landing at Tulsa’s airport was requested, U.S. Highland said. Bales was in the pilot’s seat at the time of the crash, Darin Long, a U.S. Highland spokesman, said in an interview.The men were aboard a twin-engine Cessna 421A, said Keith Holloway, a National Transportation Safety Board spokesman.The sky was clear, and winds were calm near Tulsa around the time of the crash, according to data from Weather Underground Inc., which archives historical weather conditions.An NTSB investigator is on the scene, and the cause of the crash hasn’t been determined, Holloway said.The company will name the executives’ replacements tomorrow, Long said.--Editors: Kevin Orland, Jamie Butters. Quote Link to comment Share on other sites More sharing options...
jagr Posted September 7, 2010 Author Report Share Posted September 7, 2010 Pic of 2011 model they've gotten alot of press on. Quote Link to comment Share on other sites More sharing options...
Wicked1 Posted September 7, 2010 Report Share Posted September 7, 2010 time to dump that stock. Quote Link to comment Share on other sites More sharing options...
max power Posted September 7, 2010 Report Share Posted September 7, 2010 This sucks. Their story was just starting to get interesting. Quote Link to comment Share on other sites More sharing options...
jagr Posted September 8, 2010 Author Report Share Posted September 8, 2010 This sucks. Their story was just starting to get interesting.Looked like it was gonna be a purdy badass bike. Read another article that new officers will be named. Quote Link to comment Share on other sites More sharing options...
max power Posted September 8, 2010 Report Share Posted September 8, 2010 They had some pretty sweet dirt offerings as well. Quote Link to comment Share on other sites More sharing options...
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