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Buyer is not considered to be trading on insider information for the duration of the offer. When the offer was accepted by the seller the buyer is then given free access to all company information. As part of the seller accepting the offer there may be a restriction on the buyer trading company shares for a certain period if the deal falls through. That is when the buyer would be considered trading on insider information, after having access to all company information.
Posted by: runge Member Level Date: Friday, April 30, 2010 12:18:52 PM
In reply to: stockmamma who wrote msg# 29011 Post # of 29046
question to be cleared up if anyone can!!!
the seller: Mr. Flessner (& company) is selling THRR.
the buyer: at present, still unknown.
so, a seller and supposedly a buyer exists: wouldn't that be INSIDER TRADING if the buyer was 'scarfing' up o/s shares on the open market???? On the flip side of the coin: wouldn't that be insider trading if the seller was dumping additional shares on the open market. If both scenarios exist and have happened then they are making moves (whicheverway they are doing it) with complete impunity and with insider information that the every day John Q. Investor is not privy to. Or am I out in left field on this......i am sure someone will call/label be stupid/uneducated on these issues....it just won't serve anyone any purpose or justice....i am just asking a question out of plain curiosity as well as the fact that i do not know the answer to this....all of this is of cours IMO!
Isn't Tom the CEO and Roger the CFO? Roger owns the building.
Posted by: littlerichie Member Level Date: Friday, April 30, 2010 12:15:37 PM
In reply to: pblue who wrote msg# 29019 Post # of 29040
WRONG.
ROFLMAO
Posted by: TavyCal Member Level Date: Friday, April 30, 2010 12:08:28 PM
In reply to: Lotsafun who wrote msg# 29017 Post # of 29038 Send a link via email Share on Facebook Tweet this post
The buyer can not buy shares on the open market because they havnt been named(specificly named ie ACME Metals). If they buy without a specific name they would be buying shares on inside information. ie There would be two companies who know who the specific buyer is, that is trading on inside information.The investing public has to have the same opportunity to buy knowing who the buyer is. They also would have to file with the SEC that they had purchased over 5% of the company. Please Google
"insider trading".
I think they asked for a 2 week extension and permission to announce the name of the buyer. Then gave the buyer until end of business Monday to accept the extension and give permission to make the buyer's name public.
So Tuesday could be a PR to announce the buyer's acceptance. If they get permission they can announce the buyer's name.
If the extension is denied then the LOI is null and void. With the deal off there is no reason for THRR not to disclose who the buyer would have been.
Another thing to think about is that it is not set in stone that today is the end of the deal. All that is necessary is for the buyer and THRR to agree to extend the deadline. That does not have to happen today. It can even happen after Tuesday.
But the CEO of THRR doesn't own the building. You can't even get it right on who owns the building.
Posted by: littlerichie Member Level Date: Friday, April 30, 2010 11:34:18 AM
In reply to: None Post # of 29016 Send a link via email Share on Facebook Tweet this post
THRESHER (THRR) MAIN PLACE OF BUSINESS BLDG - FORECLOSURE AUCTION MAY 10TH - Just 11 days away Anyone want to outbid the CEO of THRR with me and evict the conniving CEO and then sell the building for a NICE PROFIT?
Foreclosure Auction
13400 Hanford Armona Rd
Map
2 @ 17 & 4 @ 18
I think they asked for a 2 week extension and permission to announce the name of the buyer. Then gave the buyer until end of business Monday to accept the extension and give permission to make the buyer's name public. So Tuesday could be a PR to announce the buyer's acceptance or denial of the 2 week extension and announce the buyer's name if they got permission.
Not much of a pump in stock price today.
Its a publicly traded company. The "Agent For Service Of Process" is just the designated contact person. I had to give a person's name and address when I registered in the state of New York. It doesn't mean an owner. Just the designated contact person. It looks like the change in "Agent For Service Of Process" changed when the company changed registration from California to Delaware.
Posted by: winnerz Member Level Date: Friday, April 30, 2010 8:42:34 AM
In reply to: None Post # of 28826 Send a link via email Share on Facebook Tweet this post
Ann the receptionist is Toms wife He changed over the corporation to her a few years ago. The so called "receptionist" is the one who now owns the corporation as it was transferred over to her (see below)...I smell two BIG RATS!!!
Results Detail
Last statement filed on: 2/24/2009
Corporation
THRESHER INDUSTRIES, INC.
Number: C2820390 Incorporation Date:11/17/2005 Status:Suspended
Jurisdiction: CA Type: Domestic Stock
Address
13400 HANFORD ARMONA RD,
HANFORD, CA 93230
Agent For Service Of Process
TOMFLESSNER
13400 HANFORD ARMONA RD,
HANFORD, CA 93230
Results Detail
Corporation
THRESHER INDUSTRIES, INC.
Number: C3202148 Incorporation Date:2/24/2009 Status:Active
Jurisdiction: DELAWARE Type: Foreign Stock
Address
13400 HANFORD-ARMONA RD,
HANFORD, CA 93230
Agent For Service Of Process
ANNEFLESSNER
13400 HANFORD-ARMONA RD,
HANFORD, CA 93230
If there is a bad PR today will the price drop like a rock?
What counsel are you talking about? I never read in mamma's posts that she told anyone to buy or hold. She presented links to information she found and let people decide on their own.
Like mamma I feel sorry for those that got in at the higher prices. But it is live and learn. I have gotten into other stocks at the wrong time. I got in THRR at 8 and flipped and now I am on a free ride. I missed selling before the CC and buying after when it dropped. If I had hit that I would be have more stock and more profit now.
Posted by: private_wealth Member Level Date: Thursday, April 29, 2010 4:51:10 PM
In reply to: stockmamma who wrote msg# 28670 Post # of 28695
Anyone who heeded your counsel is pretty sorry now
I didn't read anywhere that the CEO was sick for two weeks. They asked for a two week extension to close. A lot of people would not want to be in a room where they might get sick from someone.
I didn't read where all the other work on the deal was stopped because the CEO was sick either.
Posted by: CASHFISHIN Member Level Date: Thursday, April 29, 2010 4:49:03 PM
In reply to: stockmamma who wrote msg# 28670 Post # of 28693
My opinion is that if they new for two weeks that this guy was really sick why would they not say anything sooner why wait till the day before, and do you really think that because of one person they would stop everything PLEASE !!! They new the stock would drop with this kind of PR of being postponed for another 2 weeks, Planning is EVERYTHING just ask the guy who was sick...
THRR was supposed to close on a deal tomorrow too. They released a PR today, two weeks delay due to CEO sick.
I hope there is a positive PR on this soon. Maybe tomorrow.
I wonder if both FFGO and THRR are scams.
Some have been saying the same thing. I don't think it will change much unless THRR gets permission to name the buyer and releases the PR. Some are holding and waiting. But there seems to be enough trades, volume, and doubt to keep the price down.
Posted by: leucro Member Level Date: Thursday, April 29, 2010 3:25:06 PM
In reply to: None Post # of 28655
Even if we close at .0014, .0015 or even at .0016. This will begin picking up if not tomorrow, then Monday. Tomorrow is iffy because people usually aren't fond of holding a position overnight
while there is still uncertainty but definitely we should see a turn around on Monday. The feat factor came and went today. It is time for THRR to begin ascending to fair valuation
.
Not fact, your opinion. Unless you were involved in the writing PR so that the price would fall.
Posted by: littlerichie Member Level Date: Thursday, April 29, 2010 3:15:36 PM
In reply to: A deleted message Post # of 28650
i don't think it was a campaign to sell. It was a PR that brought people to sell. Not my opinion. Fact.
Both stocks could be conducting a scam. I don't know. I am on a free ride on both. I am just saying I know another stock that is trading well below the announced deal price. I don't think it is right to name the other stock here.
Posted by: littlerichie Member Level Date: Thursday, April 29, 2010 2:49:55 PM
In reply to: pblue who wrote msg# 28630 Post # of 28638
I can NOT make an educated fact base comparison as you have NOT DISCLOSED anything to compare with THRR. If I someone is unable to complete DD on your statement you might as well have not made the statement.
I have another stock with a deal to close on the 30th of April at about half of this deal. It is trading at .0001 and .0002 and less than 50 trades a day. So this isn't the only one that isn't trading where you would expect.
Posted by: littlerichie Member Level Date: Thursday, April 29, 2010 2:41:31 PM
In reply to: pblue who wrote msg# 28627 Post # of 28628
If it's all about a .01 - why isn't this trading like any other stock that was about to be bought. this should be trading at .004 - atleast. BECAUSE ITS A SCAM AND MOST PEOPLE KNOW THAT.
there has been 614M shares in 796 trades. The stock opened at 15 after the PR and fell to 11. It recovered to bid 15, ask 16 after about an hour. Most of those shares and trades occurred in the first hour. I think many dumped their shares based on the delay of the deal. I believe others quickly picked up those shares to hold onto. I was out for breakfast and some errands or I would have picked some up to flip.
I expect this to settle down. Maybe even drop a few points over the next 2 weeks. Unless, they get permission to name the buyer. Then, I believe it would jump up with a good buyer. I am sure a few posters here will have bad things to say about the buyer no matter who it is.
Posted by: Tekidesign Member Level Date: Thursday, April 29, 2010 2:20:32 PM
In reply to: None Post # of 28623 Send a link via email
Have you people seen the VOLUME on THRR!!!+619Million
this is gonna POP soon - JMO GLTA
does this mean we can still call the receptionist every hour and ask questions? I don't think she is part of "legal counsel, business associates and management team".
Posted by: stockmamma Member Level Date: Thursday, April 29, 2010 1:59:31 PM
In reply to: winnerz who wrote msg# 28583 Post # of 28615
"In the interim, our legal counsel has informed us that we are still in a 'quiet period' until a further disclosure agreement can be reached between Thresher and our buyer. Please be advised that our legal counsel, business associates and management team cannot answer any further questions related to this sale, nor should they be contacted in this regard.
To this end, we have requested that the name of buyer be disclosed. Should we receive permission to announce the name of our buyer, we will do so by issuing a press release to the public. We hope this can bring additional clarity to the value that our buyer brings to our Company and our shareholders."
I don't know why you can't find it. Goto pinksheets and check the filings tab when looking at the THRR quote. Look in the filings for from April 2010 for the period end December 31, 2009. Here is the link.
http://www.otcmarkets.com/pink/quote/quote.jsp?symbol=thrr
Posted by: dshade Member Level Date: Thursday, April 29, 2010 1:49:53 PM
In reply to: stockmamma who wrote msg# 28579 Post # of 28605 Send a link via email Share on Facebook Tweet this post
wish I could see that somewhere. I am looking and just can't find
THRR's dealings with Talon is in the pink sheets filing for the quarter ending 12/31/09. It has a company history. First you will find the deal with Talon and later you will read about the court case against THRR and that the details of the settlement are not public.
Posted by: runge Member Level Date: Thursday, April 29, 2010 1:21:36 PM
In reply to: thompjw31 who wrote msg# 28554 Post # of 28569 Send a link via email Share on Facebook Tweet this post
COULD YOU PLEASE , OR ANYONE ELSE, SHOW ME WHERE MR. FLESSNER, AND/OR THRESHER IND. BOUGHT TALON OR WHERE AND HOW MR. CARDEN, AFTER SUING MR. FLESSNER AND THRESHER FOR FALSE MISREPRESENTATIONS IN THRESHERS PURSUIT OF TALON, SOLD, TURNED OVER OR GAVE MR. FLESSNER/THRESHER IND. TALON IND AND THE MATRIX PATENTS.
THIS IS JUST AN INQUIRY, NOT AN INFERENCE NOR ANY ATEMTPT TO IMPLY WRONG DOING OR THE LIKES. JUST AN ATTEMPT TO ALIGN ALL THE FACTS, AND PLEASE, JUST THE FACTS, NOT OPINIONS, OR SUPPOSTIONS.
NO OFFENSE INTENDED TO ANYONE. JMHO
This is all about accepting the risk. I am on a free ride. So I am accepting the risk of losing some of my profit or making an even bigger profit. I will be happy even if I have to sell my shares at .0001. I have done my DD. I haven't read anything negative, that pertains to this sale, on this forum that can be proven. Most is misquoted statements from PR's. I don't believe the people posting pro or con on this forum. I make my own decisions and take my own risks.
Posted by: littlerichie Member Level Date: Thursday, April 29, 2010 10:56:43 AM
In reply to: pblue who wrote msg# 28407 Post # of 28410
If you can't see the big picture here...well...then you can't or just don't want to see the big picture here. GL with your position pblue.
You must be one who tells people to get out when the market drops and accept their losses. Instead of holding until the market recovers.
Posted by: littlerichie Member Level Date: Thursday, April 29, 2010 10:44:20 AM
In reply to: starcraft211 who wrote msg# 28395 Post # of 28399
They're being nice with this PR. Stop dreaming and get out - I AGREE. You can always get back in for goodness sake. BE SAFE. TRADE SMART. My motivation is to protect you - the shareholder. If you can't see that he's giving you a nice chance to get out - I do not feel sorry for you if you lose it all.
I think this is good. Sure it dropped on the PR, but it is back up to yesterday's close within an hour. Unfortunately, I was out to breakfast and missed a chance to flip on the news. I am still on free ride with the shares I have. Maybe I will be able to make some more over the next 2 weeks.
The PR said to call or use email address for non-sale related business. Not to find out information about the sale. I am sure the receptionist doesn't want to hear our dissatisfaction with the PR anyways.
Posted by: DMB41 Member Level Date: Thursday, April 29, 2010 10:19:29 AM
In reply to: interstate who wrote msg# 28348 Post # of 28381
i tried the email and it was sent back...i went to the website and sent it that way...
Maybe they have filed the tender offer with the SEC. I don't know who the buyer is so I can't say whether they have filed the tender offer or not.
Posted by: littlerichie Member Level Date: Wednesday, April 28, 2010 4:06:47 PM
In reply to: stockmamma who wrote msg# 27966 Post # of 27975
I wish you were right. Do you know why they haven't filed a tender offer with the SEC? Even Penny symbols have to do that.
THRR had other deals with closing dates? The only closing date they set on this deal was April 30th. I have only been watching THRR for the last 6 - 9 months.
Posted by: littlerichie Member Level Date: Wednesday, April 28, 2010 3:53:32 PM
In reply to: stockmamma who wrote msg# 27949 Post # of 27956
They've set a few closing dates before. Not too sure AT ALL, about April 30th. they haven't even filed a tender with the SEC.....what more proof do you need?
Low volume is relative. Compared to the OS 200M is low, but I think 200M is a good days volume for many stocks. I am currently watching 8 stocks trading below .001 that have less then 100M traded each day. There has been over 300 trades today which I do find high.
High number of trades at low volume. Seems like people are holding and stocks are hard to come by.
Posted by: stockmamma Member Level Date: Wednesday, April 28, 2010 3:39:24 PM
In reply to: littlerichie who wrote msg# 27932 Post # of 27937
low volume is good sign to me.....means everyone is holding onto their shares....like about 11.4billion of them that didnt trade today.
So I wouldn't have a chance to accept or decline? The money will just go into my account.
Posted by: tommybthe1 Member Level Date: Wednesday, April 28, 2010 3:35:29 PM
In reply to: pblue who wrote msg# 27927 Post # of 27934
It will usually settle in your account within 3 days like stockmamma said. Sometimes it can take up to two weeks.
From what I have read of a tender offer, each shareholder receives a copy of the offer details and must decide whether to accept the offer or not.
I may sell before that point and take my profits. Also, would they stop trading to determine who the stockholders are?
Posted by: stockmamma Member Level Date: Wednesday, April 28, 2010 3:33:29 PM
In reply to: pblue who wrote msg# 27927 Post # of 27928
I get the impression that this is a cash deal which to me means that there would be a cash settlement
within 3 days. jmo
I don't know how they will contact all the shareholders to surrender their shares at $.01. I would think that would take some time after the deal closes. I also think it would take at least a month to mail the offers out and to wait for a response from the shareholders. For online traders like Scottrade, wouldn't they have to send the offer to Scottrade. Who would then forward the offer to the individual shareholders?
Has anyone been through a deal like this?
Posted by: jprit12 Member Level Date: Wednesday, April 28, 2010 3:20:11 PM
In reply to: runge who wrote msg# 27912 Post # of 27926
for question 2 its not a dividend whoever owns it will be ask to surrender the shares so if u own them u own them period
Yeah. Their PR's have come just after 9 or just after 11. I think that relates to just before market opens and just after their start of business.
PST - Pacific Standard Time, from fall until spring
PDT - Pacific Daylight Savings Time, from spring until fall
PT - Pacific Time, current time in the Pacific time zone regardless of Standard time or daylight savings time.
Posted by: meekola11 Member Level Date: Monday, April 26, 2010 11:03:16 AM
In reply to: interstate who wrote msg# 27088 Post # of 27089
remember the time zone diff
I think its a waste of time to call and ask. They are just going to say what has already been released. I'll wait for the next PR.
One company I worked at had rumors they were moving out of state. On the way into an all employee meeting the head of HR was asked if the rumor was true. She denied that the company was moving. We went in the meeting and they announced the move.
Posted by: interstate Member Level Date: Monday, April 26, 2010 10:50:17 AM
In reply to: pblue who wrote msg# 27082 Post # of 27085
I just read your last post and you just said do not believe any other post. I would do the same to this. If I were you, I would call to make sure. I would not believe anyone else here that said they called the company.
Does that mean you called again today?
Posted by: Nickelback Member Level Date: Monday, April 26, 2010 10:46:46 AM
In reply to: jayhey10 who wrote msg# 27079 Post # of 27081
THRR...1-559-585-3400 "Buy out offer still stands"
GLTUA
My opinion? I think this is going to stay where it's at until another PR or Friday comes.
Don't believe anything posted here. Check any links given. Do you own DD. No matter what they say no one is here to look out for other traders. Take your own risks. If you can make a little profit use it for a free ride on shares. That's what I have done. I have a couple of million shares that I bought with profit from flipping this. I ride with those. If it's a scam all I have lost is some of my profit.
Posted by: korvorao Member Level Date: Monday, April 26, 2010 10:38:22 AM
In reply to: pblue who wrote msg# 27077 Post # of 27078
Thanks...So what is your opinion
PTBLUE?
L2 Summary here
5 @ 20 & 3 @ 21
2 @ 18 & 2 @ 22
1 @ 16 & 2 @ 23
2 @ 14 & 1 @ 24
1 @ 10 & 3 @ 25
2 @- 9 & 1 @ 26
1 @- 8 & 1 @ 27
1 @- 5 & 1 @ 30
1 @- 3 & 1 @ 35
1 @- 1 & 1 @ 95
-------& 1 @ .01
4 @ 20 & 3 at 21. 21 trades all at .0021 for a little of 5M shares. One at 20 dropped to 18. There was one at 22 and now there are 3. So it could still go either way today.
I don't think Friday is game over. Scam or no scam it could still be delayed. I really hope it will close on Friday, though.
Posted by: Richard H Member Level Date: Monday, April 26, 2010 9:28:21 AM
In reply to: None Post # of 27067 Send a link via email
Friday is game over either way. Those who want in need to be in, myself included. THose who dont whont go near this. It is purely a matter of trust and speculation. My only concern is the promise to keep investors informed from the conference and very little communication has actually taken place. Having said that with all the paperwork needed that likely havnt had time to do much else. If it goes through I'm up in a big way. If not I'll average down.
I don't see any news in XS's message. I don't expect a PR because of XS either. I expect a PR because the last PR said that the end of this week is the closing date on the deal. So I expect a PR this week or early next week.
Posted by: notabagholder Member Level Date: Monday, April 26, 2010 9:15:17 AM
In reply to: TavyCal who wrote msg# 27060 Post # of 27064
i get that they were paid to do this but it puts a lil worry in my gut that there is a paid promoter on a stock buyout that is putting out more news than the actual company...i cud be wrong about my feelings but it jus bothers me that there have been many times where this promoter came out with "news" and there was no followup by the actual company
2 @ 19 & 4 @ 20 and
4 @ 18 & 2 @ 21
Will this ever go higher? It looks like it will go lower today.
No change in L2