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@overachiever: please disclaim us your position towards THRR.
I am long 2M shares holding.
Shorts had to find a an escape way to get out of this on Friday. That's why there was a lot of negative sentiment on the boards.
Of course this will be bought out at 0.01 dollar/share without any tricks.
Relax and enjoy your weekend.
On an annual meeting the board of directors likes to share good news with their shareholders.
If they have something extraordinary to announce, which would be just a little later than this meeting, they prefer to adjourn this meeting to a later date.
I think this is exactly what is happening here.
Hold your shares because we will get a nice surprise!
Found this interesting and wanted to share. This paragraph stood out epecially the last sentence. I have included the link as well:
Thresher Technologies and its New Material
The success of their new material is due to the high level of distribution of the particulate and this is exactly where many companies have failed before. These results will enable Thresher to obtain a large market penetration in this highly profitable industry. The company, through its partnership with Cal Poly San Luis Obispo anticipates further developing this material as well as other materials for strength, wear resistance and heat dissipation for use in vehicles, reducing emissions and fuel consumption via weight reduction in this multi-billion dollar industry.
http://www.emailwire.com/release/35394-Thresher-Industries-A-New-Rising-Star.html
Page 2-3, page 8, page 11-12, page 13: http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=29266
p2-3: Item VI The number of shares or total amount of the securities
outstanding for each class of securities authorized.
In answering this item, provide the information below for each class of
securities authorized. Please provide this information (i) as of the end of the
issuer’s most recent fiscal quarter and (ii) as of the end of the issuer’s last two
fiscal years.
(i) Period end date;
September 30, 2009
(ii) Number of shares authorized;
10,000,000,000
(iii) Number of shares outstanding;
1,412,575,785
(iv) Freely tradable shares (public float);
916,032,064
(v) Total number of beneficial shareholders; and
(vi) Total number of shareholders of record.
1,198
p 8: The company is not now, nor has the company ever been considered a
“shell company”.
p11-12: We are a sub-supplier to government contractors and are not required to meet these approvals although we do have certified outside contractors that we use for testing and calibration. Thresher Industries operates under a QS and ISO compliant quality system
The company has leased 32,000 square feet at 13400 Hanford-Armona Road;
Hanford, CA 93230. The location is an industrial and business park located in
the heart of California. The term of the lease is five years the first years rent is
$9,500 per month
p13: B. Legal/Disciplinary History. Please identify whether any of the foregoing
persons have, in the last five years, been the subject of:
1. A conviction in a criminal proceeding or named as a defendant in a pending criminal proceeding (excluding traffic violations and other minor offenses);
None
2. The entry of an order, judgment, or decree, not subsequently reversed, suspended or vacated, by a court of competent jurisdiction that permanently or temporarily enjoined, barred, suspended or otherwise limited such person’s involvement in any type of business, securities, commodities, or banking activities;
None
3. A finding or judgment by a court of competent jurisdiction (in a civil action), the Securities and Exchange Commission, the Commodity Futures Trading Commission, or a state securities regulator of a violation of federal or state securities or commodities law, which finding or judgment has not been
reversed, suspended, or vacated; or
None
4. The entry of an order by a self-regulatory organization that permanently or temporarily barred, suspended or otherwise limited such person’s involvement in any type of business or securities activities.
None
I don't believe in the word "believe".
I believe in the word facts.
Outstanding Shares
1,412,575,785 as of Sept 30, 2009
Authorized Shares
10,000,000,000 as of Sept 30, 2009
http://www.otcmarkets.com/pink/quote/quote.jsp?symbol=thrr
No, I mean exactly what I say.
A raise in authorised shares is mainly to prevent hostile takeovers.
Authorised shares don't have to bought for the buy out.
Nice find. Your search is plausible.
"This company is worth more than the income statement shows. This is why it can get big numbers. Following is a small piece of the business.
In December, Thresher Industries announced that they plan to expand their business. This is through the purchase of high-pressure die casting technology. They agreed to purchase two Toshiba 350 ton and one hi-bred 650 ton high pressure die casting machine with a Wazniac high performance shot end and all support equipment including efficient high volume melt/hold furnaces. These will enable Thresher to offer conventional die-castings as well as metal matrix composite and high ductility aluminum in near net configurations. They forecast that this will generate an increase in annual revenue of approximately $15,000,000."
From the yahoo board
http://www.ibtimes.com/articles/20090108/thresher-industries-inc-thrr-pk-is-one-to-watch.htm
...and worth a lot more than .01 in the future I might add. The suitor sees the future not thevpast and with uranium element processing in future nuclear power plants and green metal processing technology ramping up in the future this has a bright future
A 1 dollar/share compensation, would you guys be ok with that?
If not:
1) what actions can you take
2) what is the minimum price for commons per share
I have shares of wamuq and I am long.
It will be. But enough internet for today for me.
See you tomorrow.
Moderator please put this article in the yellow box.
Excellent post!!!
great post
If this was a scam, the military wouldn't have closed deals with THRR
Maybe. It depends on what the sentiment will be on Monday.
I believe that from the moment they will announce the date of the conference call, pps will rise.
What happens before I don't know.
"The call is in the planning stages, but will occur before Friday, March 26th, 2010"
http://finance.yahoo.com/news/Thresher-Industries-Announces-prnews-373730768.html?x=0
So yes,it doesn't have to be on Monday.
I agree.
"some get taken private or shares are issued. This is not a strange occurrence to me. Until proof comes out proving otherwise you have to beleive what they are saying is true. After a press release like that (or should I say a series of press releases) the SEC would have already halted this stock. Trust me I know.
As soon as the PR is issued, the SEC contacts the company for information to sustain their claims. If they are not satisfied, the stock is halted. If they are satisfied it continues to trade. It happens on pinks, OTC, every exchange and it has happened already with THRR. If this was all fluff, we would already see the signs such as SEC halt, request for more information etc.
What I do see now, is MM's keeping the price down low so they can a. Cover their short positions or b. buy as much as they can at a lower price to sell higher. The MM's can do anything on pinks. The buyers and sellers do not control the price. The MM's control everything. What I saw today at 1:30 was this....MM's ran out of shares. Instead of taking it higher to load inventorym they took it lower and kept it there why? Beacause it was a Friday afternoon, plenty of stops were found and executed (very pissed off people trust me), panic sellers fueled the selling. As each day get's closer to the planned conference all next week, the stock will rise significantly. I even predict we open over .002 on Monday. Just watch. By mid-week, providing no negative news hits the wires, we should be at .006....the lawsuit filed today says they are not fooling around with slander. These people are in serious trouble. Their assets are gone and are now owned by THRR. Thanks for your house and cars guys. Was it really worth it? "
from yahoo
Analysis of the PR:
The Board of Directors opinion is that this offer is exorbitantly admirable with a proposed settlement that exceeds the current market price range.
http://finance.yahoo.com/news/Thresher-Industries-Inc-prnews-2819918685.html?x=0
On the day of release of this PR (17 March) the market price was between 0.0017 and 0.0030 dollar/share.
So the buyout price for "any and all outstanding shares" of 0.01 dollar/share is believable.
I have 2M shares and I will sell them at 0.01 dollar/share.
I am going to have dinner now.
I will see where pps will be at the eod.
Holding 2MM until 0.01 dollar/share
Read the PR. They don't leave room for misinterpratation.
Just relax. You and I will get our 0.01 dollar/share, without R/S. If some are panicking and selling, that's their business.
I will never sell under 0.01dollar/share.
The company has great technology and enormous know-how.
Why would a CEO sell his company without being absolutely 100% sure that he/she doesn't have to work anymore for the rest of his/her life? 0.01 dollar/share is more than reasonable.
Don't forget pps used to be + 0.03dollar/share. Even if the O/S would have been diluted x10, 0.01dollar/share is a normal price.
We're talking about a BUYOUT not institutional investors buying a big number of shares!!!
Let's talk about the bashers: they have three options:
1) saying this company isn't real: these are the amateur bashers
2) saying that the number of outstanding shares is too big
3) that there will be a reverse split first
You could believe them. But ask yourself this: why didn't they talk about option 2) and 3) before the more detailed news from Wednesday was released? On Tuesday they said the buyout price would be lower than 0.01dollar/share because some outstanding shares should already have been bought by the buyout company. Popular stocks have bashers and they have to find something to make you doubt and sell.
I have 2M shares and will hold till 0.01dollar/share. That means 20.000 dollar.
LOOOOOOOOL! You are funny.
Indeed 10B authorized shares, but they don't count.
It's the number of outstanding shares which counts, and that is:
1,4B. These 1,4B will be bought out for 0.01dollar/share.
They started the WAR, well EC and common share-collegues let's conquer it. Let our demand be: 24 dollar/common share
for me too
I am going to see my bank account and if I can buy 1M more (I already have 2M) I will certainly not hesitate.
2M shares = 20.000 dollars
Yes!!!
8dollar/share at least!
I have a question, will we still have a fair chance to get 8dollar/share or more?
Will we get +8dollar/share as compensation then?
Nice end of the day!
PERFECT!
Wow, am I glad to be in this stock.
Is the actual number of O/S still 59,968,922 as mentioned on Nov 11, 2009 according to pinksheets.com?
I've just bought 10K today. I want to go long with this one.
Thank you. Please let me know when you have got info about it.
Anybody level 2?
Thanks. Because this report will clear up a lot.
There is still no adudited financial report published...
Strange...
excellent post!
I don't know for that, but I will get 0.01dollar/share that is for sure!
I think the article does not leave any space for misinterpretation.
Holding 2M shares and I won't sell a single shares under 0.01 dollar.