LOL

Well then, I submit my counter offer of .015 for the entire O/S.

I'll be sure and seek iHubs input when I take over THRR.

In the disclosure statement filled in Feburary of 2010, there were 1,000,000 preferred shares issued. (Yes I know as a pink non-registered they can change it whenever they want -- but no notice have been given, nor is their any change to share structure reported to the Delaware secretary other than the increase in authorized shares).

1,000,000 = 10,000 (@ .01) assuming what you think is a scam was completely successful.

I don't know about you but I'm not risking jail time and never being able to invest or get financing again for $10,000

First of all they are a public company with a board of directors. The company itself retains any proceeds from "dilution." The directors wouldn't benefit from diluting company shares (in the short term).

I'd prefer to have the buyers name so I can see a checkered flag...

Yes it is..

Sounds like if they do its going to be aftermarket hours. Tuesday to do some DD and Wednesday to attend the conference.

If not, it's going to be another rough road til this conference.

Any reverse split engineered would mean money lost for people making the deal. It doesn't make sense they are going for that. It would be much easier to announce the deal and let the PPS go up.

A reverse split that would make the offer for .0010/share (at current levels) meaning they would be selling the company for less than they currently owe in liabilities.

I'm pretty sure they are a paid promoter and the only people THRR is talking to ahead of their PRs. They have been spot on with the last two PRs before they came out.

I agree. Excellent post.

More like .0099 lol

Well that is interesting. They seem to represent several pinksheet companies.

Same securities lawyers for THRR? Proof? That would be an interesting piece of DD.

That's a good question.........for Google.

Definitely. I think its important to note that for every supposed pink sheet scam not that many get halted before they have done serious damage. So, I wouldn't use the SEC as my protector. You make a decision to take the risk.

No one should ever invest in a stock if they can't afford to loose it. I have my position and if it drops to zero, I'll shrug and move on. I'm not giving credit to people for saying "no." It doesn't take courage or risk to tell people something is going to fail.

I'm almost positive the SEC uses their own algorithms to be alerted about stocks and they will notice that THRR is at the top of the OTC. They have suspended a few companies in the last few days and THRR was untouched. I seriously doubt there is a problem and if there is the SEC will address it.

I posted them for you just in case you forgot. They are all completely legitimate points and everyone seems to understand them just fine.

But taking claims from speculators is fine?



Bankruptcy is not a technicality. Bankruptcy only occurs when you can no longer pay your creditors. There is absolutely no evidence that THRR is not continued to receive financing and paying the bills.



In terms of a friendly takeover, they are buying the company. The company offering the buyout has money. The assets are negligible except for credit security.



Precisely why a high buyout would be necessary. If the company has the financial position to pay down liabilities, restructure etc., that number can go down significantly.


The company has a loan. The company has credit to get $2,000,000 in financing and someone is confident that will be repaid.



Research & Development and/or development of a valuable patent could easily explain that.

"An estimate of the amount spent during each of the last two fiscal years on research and development activities, and, if applicable, the extent to which the cost of such activities are borne directly by customers; Most of the technology was brought to the company by Mr. Flessner; about four or five weeks of the past year has been devoted to some type of R&D efforts. Procuring the metal matrix technology did take
about two to three months." (from Information and Disclosure Statement Sept 09)



Sales obviously aren't the main focus of the company. They are working on developing products and provide services as needed. Their disclosure statement says the provide FULL engineering support and R&D among other services. They even said in a disclosure statement that this company should be considered like a biotech company. The cycles of profit/loss can be very wide but often pay of greatly.



7 million of that is the issuance of new shares. The PPS dropped significantly, along with the decline of the market to yield that number. When PPS recovers that number will greatly improve. It has already fluctuated greatly int he past two weeks.



That didn't stop you from using the numbers to build a argument against them and it doesn't stop creditors from issuing them credit. It is in GAAP format and all the numbers check out.



The suitor is unnamed as of yet. The offer wasn't sent all that long ago. It needs to be reviewed, approved by the board and legal counsel. You KNOW that. It's too much risk to the agreement to have the buyer be announced by the company they intend to purchase. If the buyer announced it themselves it would be a different story. If anything you should be blaming the buyer for not disclosing, not THRR.



This is based on the theory that it is a publicly traded company purchasing THRR. I don't see them converting 10-14 BILLION shares into restricted trading. If you are assuming the company acquiring them is a public company then consider the looming weight of all those shares as restricted when they become available for conversion. I should also point out that at the end of this post, you are putting your foot in your mouth. 901c says a minimum of 60 days must be allowed before an offer can be approved if the transaction is going to involve rollover to securities of the buyer. THRR has indicated they want the offer approved far in advance of 60 days, indicating a legal tender buyout.



Again the offer was announced and THRR plans to release the buyer on monday. There IR/stock promoter whatever you want to call them has been right on target with everything and a conference is planned for next week to update shareholders.





Why not? Business should continue as usual until the agreement is signed and sealed. They shouldn't just stop operations because they have a buyout offer. Their promoters have been paid to provide a service and they are doing it.





This entire statement is speculative. You don't know what the offer was in the first place. You are assuming its being adjusted after the fact. This could have already been planned BEFORE the agreement was announced and indeed if you look at the document I posted from the Delaware Secretary of State they diluted the stock on the day they announced the approval of the offer by the board (Post #13474).





A baseless assumption. They could be buying at a higher amount of the offer.


Their recent PR stated a securities counsel would be on hand during the conference. That implies they are briefed on the matter.



Thank you for posting the securities law. Now lets elaborate on some things. The only thing 14-e1a means is that the BUYER cannot hold the offer open for less than 20 days. The target, in this case THRR can approve a tender offer before that and they have done so.

If they were going to use 901(c) it clearly states "Except as provided in paragraph (c)(2) or (c)(3) of this Item, roll-up transaction means a transaction involving the combination or reorganization of one or more partnerships, directly or indirectly, in which some or all of the investors in any of such partnerships will receive new securities, or securities in another entity."

That would mean the offer could stand for 60 calendar days for shareholders to reach a decision. Since the offer is expected to be concluded far in advance of that window, they are going for CASH (legal tender) and NOT an exchange of securities.

I also want to point out that a tender offer is NOT defined by law. It can be any combination of things and the SEC has the right to intervene (with the courts) if it meets some criteria of what is called the Wellman test.

It is allowed to be done but they have to report when they buy more than 5% of shares. If that is done then it would tip off investors as to who the buyer is.

That could still be happening though and if it is you will see a filling with the SEC on monday and a PR announcing the buyer.

I don't see a R/S coming at all. People are just trying to use everything negative about pennystocks and apply it to this company in attempt to scare investors.

http://www.otcmarkets.com/pink/quote/quote.jsp?symbol=THRR#getFilings

Initial Company Information and Disclosure Statement - 3rd Qtr 2009


It was filed 2-22-2010. So it should be current..

From the disclosure statement on pinksheets.

One of the qualifying factors for a buyout offer is that it's offered at a PREMIUM.

Offering .01 after a 1:10 split is the same as offering .0010 now for all authorized shares and buying the company for nearly nothing and not even covering the liabilities of the company.

To be fair their machine shop is a 32,000 sq ft facility in Hanford costing them 9500/month.

Yeah but it wasn't "announced" publicly until the PR on the 12th. Oh well just an over zealous reporter.

The transaction was announced on the 12th? The shareprice was unchanged on the 9th because it wasn't announced then...

I think someone just got their facts mixed up.

Make a few million, pay the bills for 5-6 months, destroy the reputation of your company, your PPS will be so low you won't be able to buy breakfast on the average volume and your company goes bankrupt by the end of the year. The end.

It doesn't seem very reasonable to me. (Oh, opinion is so much easier to churn out by the way).

Pay 140 million, use your people to market it effectively and make 500 million. Keep those 11 on in their same positions and they are likely engineers anyway. I know the CEO is.

Not that hard.

You can have an amazing idea and still not have the resources to market it effectively.

Most startup companies lose money. You spend more than you make. Just how it goes. It wouldn't take very many contracts to turn a positive profit but if they don't have the facility to develop their product or the man power (they have 11 employees).. It's not going to come to fruition.

I agree. Money and morals rarely share the same bed!

Whoa now. This time I can provide an example!

Blackboard was sued for patent infringement. So they bought a patent for 17 million and counter-sued the same company suing them for infringement accusing them of infringing their patents.

Now that patent is absolutely useless to blackboard and they paid 17 million for it. Don't underestimate patents =)

Drug companies pay millions to acquire drugs from smaller research companies often. Hell half the REAL scams I know are run by those companies that get bought.

This deal could not go through for legitimate reasons. If it does fail for legitimate reasons.. Tom stays out of jail and has to rename the company or something :P.

If he made absolutely everything up then he's clearly not the one who designed that alloy!

I would propose that the entire idea of investing in the stock market is a scam developed by intelligent people to make money without actually doing any work :P

Yeah, history is on your side here. I will give you that.

Risk is on the side of those who think it is legitimate and the higher the risk, the bigger the reward I suppose.

I also know that scam companies still make people money and I personally have no problem profiting from THRR, and flipping her until the deal fails.. or succeeds.

Well yes those stocks were all halted by the SEC. Interesting that some of the halts are very recent and THRR is untouched.

I just don't see the point in finding another company that completed a successful buyout after a dilution. Let me go look at the Disney-Marvel deal.. or the Sirus / XM deal.

Even then, I would have to go back before the markets crashed and you would dispute it based on all companies doing well.

Now if I knew of a another company with the exact same executives...the exact same services...in the exact same place.. now that would be a good comparison. Otherwise, it's not relevant.

I will answer that question after the conference call next week where the fill me in on all the details.

I promise I won't forget you. Post bookmarked!

14 - 9 = 10!?

I'm confused again. Help me.

"Exactly. It says nothing about .01 PER share, it says .01 for all of the OS. "

I'm being sarcastic but I'd like to make an offer to buy ADVFN for .01. I'll be happy to purchase all outstanding shares for .01.

Ready to sign? I'd like to expedite this.

Give me a few days, I'll find a thesaurus and make this post sound more interesting.