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That is exactly what I think is occuring.
It's not insider trading at this point...
>>THRR has confirmed that by mid next week, they will be holding an open conference call in order for shareholders and the public to call in and ask any questions to which they would like answers. Tom Flessner, CEO of THRR, has said that he is ready to entertain any and all questions and wants to collaborate fully with all shareholders and the board of directors. It is his intention and that of the Board of Directors to make certain that shareholders and the public alike are aware of what is occurring and are well informed. <<
Flessner likely more comfortable with the sale process. He knows the buyer has already bought up over half the float already so he knows it's a done deal. JMO..
There is a very narrow timeline before we know how strong the deal is. No reason to pump.. If it is a done deal THRR worth a penny a share. It's a 5 bagger from here. So it's only a question of how strong you think the deal is and if you are willing to spend $200 to make a thousand dollars..
From the article:
>>Prokhorov, also a stakeholder in the world's largest aluminum firm US RUSAL, is worth $9.5 billion, down from $22.6 billion in 2008.
Read more: http://www.nydailynews.com/money/2009/12/22/2009-12-22_mikhail_prokhorov_russian_rich_and_ready_to_buy.html#ixzz0iYhCmuXg
<<
If he is the buyer it makes absolute sense..
?kgcol, I am not an MM expert. Can you expand on your reasoning please
kgcol, I am not an MM expert. Can you expand on your reasoning please?
Because there a bunch of investors scared sh*tless this is a scam so they sold. Remember the old investor adage; buy when nobody wants it and sell when everybody wants it..
From Wikepedia:
>>Mikhail Prokhorov (Russian: ?????? ????????; born May 3, 1965) is a Russian self-made businessman. After graduation from Moscow Finance Institute he made his name in the financial sector and went on to become one of Russia's leading industrialists in the precious metals sector. While he was running Norilsk Nickel, the company became the world's largest producer of nickel and palladium. He is currently chairman of Polyus Gold, Russia's largest gold producer, and President of Onexim Group.
Prokhorov is currently the richest man in Russia and the 40th richest man in the world according to the 2009 Forbes list with an estimated fortune of $9.5 billion.[1]<<
The only thing I am having a problem with is the value of the company. Let's say the buyer is gobbling up all the cheap shares he can. He is cutting his cost by approx. 1/5th for every share he buys for .002 or less. That's not saying he bought a bunch @ .0005 to wit he could be selling some of the shares at a profit. But for argument purposes 14b OS = 140 million value and 1/5th = 28 million. Is THRR worth 28 million? Is their technology that game changing? Is revenue growth justify a 28 million dollar value for THRR? I admit I don't know.
Tanks Seabiscuit, I would think that would be construed as a positive move for EXPH and PPS would reflect.
So is it true JD is out??
Is the announcement 11:00 a.m. eastern or pacific?
Gone a few days and JD is out as CEO? I would have thought PPS would bounce on that news..
>>The company reported receiving a letter of intent to buy on March 9, and directors voted late last week to accept the offer. Flessner said the board Tuesday approved efforts to finalize the sale "in an accelerated manner." Flessner said he hopes the deal will close by April 10<<
Read more: http://www.fresnobee.com/2010/03/17/1863110/sale-of-hanford-company-goes-forward.html#storylink=omni_popular#ixzz0iXNzQXto
wEaReLeGiOn, I don't know how much more clear it can be stated....
Info at Fresno Bee website. Story in business section.
The CEO went on record he has a legit offer to buy with the Fresno Bee, a MAJOR local newspaper in San Joaquin County...
The buyer is gobbling up all these cheap shares and will pay a penny a share for what he doesn't own at day of sale close.
I am holding and buying at current PPS. It's a 5 bagger at current PPS. I'll take it..
I would think they will confirm OS as well.
and they said that the authorized shares are 14 BILLION and the outstanding shares are 10 BILLION 345 MILLION and some change. KNOW THE FACTS!!
The buyer is only paying one cent a share for the float he does not own. He is buying shares right now on the open market for what- 1/5th a penny a share?
You are calling this a scam based on the float? That the buyer is paying 1/5 a share right now for on the open market? So we should believe this is a scam because you say it is? Where is your proof? Why is the CEO doing interviews with a major local newspaper saying that the sale is legitimate? Your opinion does not jive with factual events.
Hey the company is buying up all the float right now. He is not paying a penny a share. He is paying .002 a shre as we speak. The only shres he pays a penny a share for is the remaning float the day of the sale..
14 billion shares less what he owns equals what he pays for.
Your DD is seriously flawed...
And the buyer is buying up all these cheap shares right now so he will only pay a penny a share for the remaining float he does not own..
From today's article in the Fresno Bee:
>>Flessner said Thresher is cautious about identifying a buyer or releasing other information "because it's important to protect our company."
"There's a lot of smack talk out there and our phones are ringing off the hook," Flessner said Wednesday. "We can't say a lot yet because the attorneys are involved ... but the reason we put this out there is because it's a fact."<<
Read more: http://www.fresnobee.com/2010/03/17/1863110/sale-of-hanford-company-goes-forward.html#ixzz0iX6NoPYi
The Fresno Bee is a huge paper in lower San Joaquin county. They have been in business for decades. They are a very credible source.
Here is one other point. Tom Flessner is talking to the press doing interviews etc. He just completed an interview with someone from The Fresno Bee. The Bee is a legitimate newspaper with widepread San Joaquin County distribution. Scammers do not go out and do interviews with the Legit Press.. They flat out don't. Scammers release leading PR's and never respond to anything. I think that is a compelling fact pointing towards the legitimacy of this deal.
The article by the way will be posted at the Fresno Bee website tonight... And in tomorrow's paper..
Chris, you are entitled to your opinion. I bought THRR @ .0002 and .0003. 5 million shares. I sold all when I could not verify OS last week @ .0003. I bought 500k share today @ .0027 so there you have my status on this matter.
My take is that this is a legit sale with vetting process currently taking place and if all goes accordingly this will be sold for 1 penny a share..
I can only say that I believe this person to be a very reliable source.
I cannot reveal my source but I talked with someone who has direct contact with Tom Flessner and he told me this just few minutes ago.
1. Tom insists the pending sale is absolutely for real.
2. Tom does not want to reveal the buyer at this time because his legal team advises the next few days are critical to the sale process.
3. That Tom is quite aware of the M Boards claims that this is a scam and he absolutely claims that this is and I quote "the real deal"
This is hearsay but this is what I was told from I believe a very reliable source...
Guess I was wrong about the 8 billion OS. From their Press release last Friday:
>>Thresher Industries is traded over-the-counter under the symbol THRR. The company, incorporated in 2005, has an estimated market capitalization (total value of its stock) of $847,545 as of March 11, according to Pink Sheets, which tracks over-the-counter stocks. It has about 1.4 billion outstanding shares currently trading at $.0006, or $3 per 5,000 shares. <<
Google the Fresno Bee.
Dude we are talking 90 million dollars. If there was that much earnings potential they would do an IPO. This is not worth 90 million dollars period...
Nobody pays 90 million for die casting technology. I don't care how good it is. They pay 90 million for companies with earnings in the millions. This is a start up. JMO.. On a positive note the legitimate press is picking up on the story. Generally pinks generate their own propaganda. So that is a good sign.
Hey dude, I called the TA last week and she told me point blank the OS was 8.6 billion shares. I told her I did not believe her that she had to be wrong and she told me she pulled the paperwork and was staring right at it..
I was totally pissed because I bought under the guise there were 1.4 billion OS. I bought in at .0002 and .0003. So I sold all my share for .0003. I bought back a million shares @ .0007 and sold today @ .0027. I will not get caught with my pants down with a pink again.
I called the TA lat week and they told me there were 8.6 billion OS..
9 billion shares times 1 penny is 90 million dollars. Is THRR worth 90 million???
If a penny a share for all shares is the sale price, there is at least a 300% increase coming..
Here is the press release from Friday that clearly states the OS..
>>DIFFERENT NEWS--FRIDAY,12 MARCH 2010 07:16
Thresher Industries, a Hanford-based manufacturer of aluminum die-cast machine parts, announced its board of directors is entertaining an offer to sell the company.
The board received a letter of intent to purchase Thresher Industries on March 9. A news release
doesn't name the prospective buyer or the terms of the offer, but calls the package "above the current market price range" and says the board was "very favorable towards the proposal.
The board has asked its legal counsel to see whether or not it can accept the offer outright or convene a shareholder meeting for a vote. The results of the investigation are expected to be released March 15.
Thresher Industries is traded over-the-counter under the symbol THRR. The company, incorporated in 2005, has an estimated market capitalization
(total value of its stock) of $847,545 as of March 11, according to Pink Sheets, which tracks over-the-counter stocks. It has about 1.4 billion outstanding shares currently trading
at $.0006, or $3 per 5,000 shares.
In addition, Thresher Industries President and CEO Tom Flessner addressed a suspected instance of someone short selling his companies stock. Short selling is a practice whereby traders can make a profit based on a stock depreciating in value. It works by someone borrowing shares from a broker and selling them. The seller then buys the same securities back at a presumably lower value, returning them to the broker.<<
Wow they pulled that portion from the 3-12-10 PR. See my message 5102 where I cut and pasted the info last Friday..