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i have followed the story. I called Manmoth and you are right there were 9.5 billion o/s shares but there were already 14 billion issued. and since the offer is unequivacolly for all ISSUED and outstanding shares the o/s shares dont seem to matter.
I couldnt get this link to open. Did they do a story on Thresher?
did i miss something? What ruling??
your welcome. I do believe that this is a real deal. I have been in the markets for many years and in pennys for 2 1/2. And most times when a bogus comp. is pulling a scam the company cant be reached, dont answer phones, dont have real products and they most certainly dont reaffirm. How many scam companys have ever been featured in so many major newspapers and magazines? But with THRR they have reaffirmed and reaffirmed that this is a buyout. And many magazines and newspapers are covering this company and this buyout story. And with so many uses for Metal Matrix Composites, and contracts with major companies like Cooper Ind, Onodi, Alto Products just to name a few, it seems feesible to me that a very large company would try to buy them. This is just my opinion but the whole thing makes sense to me.
well...since there are approx. 11.5 billion shares outstanding and only about 190 million traded today, I believe that nearly all the share holders are simply holding. Each day the shares traded are going down and the price is pretty stable so those who are selling are probably just bored and those buying are accumulating. there were some big buys today 3 mil, 4 mil, 5 mil, 6 mil 9 mil. 9 mil in one buy at todays price in nearly $18k. Most people dont spend that much unless they are pretty certain that they are going to make money.....or the big buys could be the company that is purchasing THRR simply buying up shares
yes you are correct...that was the earliest day. And the 30th is probably the most likely day.
I do expect that we will probably start seeing from sec filings soon. Has anyone spoke with thresher in the last couple of days to see if we will be receiving an update??
I know that the comp would like to close the deal asap but I do doubt that it will be completed by April 10. They must do the sec filing and I suspect that we may see some of those in the next few days but they will still have to wait approx 20 days. In the mean time, it is my opinion that the purchasing company will be buying every share they can get their hands on. Read some of the sec rules and if it is a private company that is buying, once the thrr has less then 300 shareholders and the purchaser owns more then 90% of the outstanding shares, they can close the deal very quickly. Interesting reading for sure.
THRR had 14 billion ISSUED shares before the buyout announcement and the offer is for all ISSUED and outstanding shares so it does not matter how many o/s were added now does it. jezz
And i will quote the CFO from the last pr of March 26, 2010
"I apologize for any confusion this has caused and would like to clarify that the offer we received was unequivocally to buy 100% of the issued and outstanding shares of Thresher Industries at $.01 per share"
ISSUED AND OUTSTANDING so it doesnt really matter how many shares are outstanding or "diluted" as so many mentioned now does it. If they have 14 billion issued then the sale is based on that.
i 100% agree with you. We dont know all the details yet as Thresher has been very tight lipped. that leads me to believe that the buyer of the comp. put that in the agreement. Which is ok with me. We will all know soon enough and I am happy that so many investors are holding. It does seem to make the bashers more determined to bash tho.
i will mark this post and you can stake your life on it if you like, but I can not find any evidence that this is a scam.
Sorry but many companys inform their stockholders that their shares have been shorted and that doesnt mean that the company is a scam. I do beleive that THRR has a buyer and you wont change my mind. And considering that only 260 million shares of 11.5 billion possible traded today, I suspect that the people who own the other 11.2 billion shares also believe that this is the real deal.
you are very right ryan.....and I am of the opinion that the purchaser already owns a waaaaaaayyyy more shares then any of us. I believe that one day last week a block of 1 billion shares were bought. I immediately thought that they must be the purchasing company buying, maybe it wasnt but who else with that deep of pockets buys that many shares at once. just a thought
Ris....i am surprized that the mods allow such comments as I can not find any evidence that this is a scam...NONE. I have researched all the company ceo cfo etc etc and can not find anything about any of Threshers staff to indicate that they are not on the up and up. And the fact that they have come out with prs, cc, more prs and claim that this offer is for 100% of o/s at .01, well I find it more conveniencing. How many other companys have ever came out and reaffirmed reaffirmed reaffirmed as THRR has?? I cant think of one.
well overachiever, THRR has had it in their filings all along that they pay $9500 per month in rent. I dont recall ever seeing that they owned the building. With that being said, it does not change my opinion that this company is NOT scaming the public as you so clearly have been trying to claim for weeks now. In fact people who work so hard at trying to discredit this company surely must have a lot to lose when this deal goes thru.
well risicare....many pinks are shorted everyday. THRR has made public statements that their company shares have been shorted so I guess whoever is doing the shorting must have really deep pockets, just like the purchaser of the company.
well no...i dont feel misled. The Board of Directors had to make a decision as to whether or not they even wanted to sell the company first. It would not make sense for THRR to do the DD first and then later decide if they wanted to sell. What if the board had decided they didnt want to sell?? They would have done all the DD for nothing. IMO they are doing things in the correct order.
your know what it really noticable? There are 11.5 billion shares o/s and only 130 million traded so far today....to me that means people are buying and holding. And the price is holding and i feel a short squeeze coming.
If you do not want your shares of THRR borrowed to shorters, you need to send a letter to your broker requesting that your shares not be loaned out. If you dont send them a letter, they can loan out your shares and you would never know it.
i believe that the short list has been 400 million or so shorted and several days since the sale pr's. While there maybe only 2.5 million available to short today, which is $5,000 at todays price, i suspect that is because there are already so many shorted that there just isnt anymore. I sent a letter to my broker requesting that my share of any stock i own, NOT be borrowed to shorters.
Do you know how many shares are NOW shorted on THRR?? I am curious to know that number. And yes, I too expect we may see a short squeeze very soon. When I new pr comes out that is positive, the shorters goose will be cooked.
here is the link to the interview that CEO Tom Flessner did with the Business Journal where he tells the Business Journal about the 661 million shares shorted and that interview is from March 12, 2010. Based on the info about shares shorted recently, I am of the opinion that the number is now in the billions. http://www.thebusinessjournal.com/manufacturing/4179-hanfords-thresher-industries-considers-sale
Yes I have been following that. I can only imagine what the total amount of shares now shorted and naked shorted add up to but I would be courious to know. Its my opinion, that we are not going to see the price of THRR dropping much, and if it starts to creep up, we are going to witness that paniced shorters trying to find shares to buy. Therefore, I will hold all of mine
I choose to believe that when a CEO comes out in a public interview and tells the world that it has been brought to his attention that over 600 million shares have been shorted....well i choose to believe that he said it because it was TRUE.
i am not sure who's site i saw it on but i did read that IF the deal is a go, we could see a price of over .01 because some people wont for less then .01 and the shorters will have to cover and that could dirve the price over .01 I wish I could post that link for you cuz it was a very good article.