What exactly is a "dynamic" disk?
If you can boot Fedora or any other LiveCD try
With a standard MBR partitioning scheme you can only have four partitions, that's either four primary partitions or three primary partitions and one extended partition. The extended partition can include a large number or logical partitions.
Looks like you already have four partitions which would explain the error message.
Do you really need the HP_TOOLS partition?