Oh, and they can't stop diluting. Revenues are not sufficient to offset expenses therefore the only way for them to continue operations is to issue shares. Either that or close up shop.

I agree that investors should have access to the OS at all times. However, ungagging the TA would tell you how many shares were outstanding, and how much it's increased since the last filing, but it wouldn't tell you who they were sold to, at what price, or under what terms. You'll have to wait until the next filing for that information regardless.

Double post.

Good luck on the IOBS stuff. Hopefully that pans out for you. I wouldn't put much faith in the Chinese business though, but I've been wrong before.

Again, you're not listening to me. The shares being sold the last couple of days are not being sold directly by the company. They were likely issued months ago and only recently became free to trade. The company is desperate to raise cash, this is true, but they are not the ones selling shares today. They HAVE likely issues millions of shares since the list quarterly filing, but they were issued in private placements. Who is selling them today? Your guess is as good as mine.

Buy the rumor sell the news. Don't be surprised to see it drop back to $.08 or lower tomorrow morning, or even before close today.

You're not making any sense. The corporation was only dissolved a few days ago. Mr. Max claims that he's been watching delivery trucks load up product daily. If the company were making that type of money BW would be dropping PRs with every truck that went out.

You do realize that companies don't just sell these shares on the open market don't you? They are sold in private placements at a negotiated price, typically at some discount to current market value, or they are issued as payment for services in lieu of cash. The company or individual receiving the shares then has the option to turn around and sell them on the open market, sometimes immediately, sometimes after a set time period (restricted shares). What you're describing is called a pump and dump, and happens to be illegal.

99% sure those patents will not affect the product I was referring to. Here is the description from the patent:

"A personal emergency communication system includes a user-carried portable communication unit having a single button, which when depressed by the user, wirelessly sends a call request signal to a base unit. The base unit initiates a telephone call through a dial-up network to an emergency .[.response center.]. .Iadd.responder .Iaddend.and places .[.an operator at the emergency center.]. .Iadd.the emergency responder .Iaddend.in wireless voice communication with the portable unit when the call is connected. A speech synthesizer operating in combination with automated voice messages stored in .[.the base unit.]. .Iadd.system memory .Iaddend.are used to advise the user of the status of the call, and to provide the user with verbal confirmation that .[.functional systems of the base unit are.]. .Iadd.the system is functionally .Iaddend.operating properly. "

http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&u=%2Fnetahtml%2FPTO%2Fsearch-adv.htm&r=1&f=G&l=50&d=PALL&p=1&p=1&S1=RE41,845&OS=RE41,845&RS=RE41,845

The patent specifically describes a device that send a signal through a base station. As the Lifecomm unit operates via cellular network, it would not violate the patent in any way.

MDHI had better hope they are able to establish some market penetration before these guys bring their product to market:

http://www.lifecomm.com/about.html

This, in my opinion, is the next evolution of PERS. Two-way cellular communication, gps location, automatic fall detection, and it's sleak and stylish. These guys presented at CES and if their product is all it's cracked up to be then they will make a huge splash in this market.

Even JN, the King of Unattainable Revenue Targets feels that $10 million in 2011 is "remote". In JN speak that means no chance in H-E Double Hockey Sticks. They have already stated that sales from the initial TV campaing were less than stellar. Maybe moving the call center in-house will improve the numbers, but expecting this company to go from less than one million per year in sales to $10 million is a bit much. This company may well have a bright future, but you need to set realistic expectations or you're going to be sorely disappointed.

They were dissolved primarily due to failure to pay their taxes, although not filing a report in a year probably didn't help much.

Yeah, well next time you talk to him how about asking him to pay his bills and file his reports. Nobody is buying daily shipments being sent out until we see some revenue on an income statement. If they were moving that much product then BW would be issuing daily press releases. Until you can post something to backup your statement other than personal anecdotes I'm afraid nobody is going to take you seriously. The State of Wyoming has dissolved the corporation. That is a fact and cannot be disputed.

According to the disclosure on his site, Joe Noel had around 18 million restricted shares as of August 10, 2010. Makes you when those shares become unresticted doesn't it? He does state that soemtimes he's selling shares while telling you how much he likes them.

"(c) A corporation administratively dissolved continues its corporate existence but may not carry on any activities except those necessary to wind up and liquidate its affairs under W.S. 17-19-1406 and notify its claimants under W.S. 17-19-1407 and 17-19-1408. "


Selling off remaining inventory is part of winding up and liquidating affairs.

Well, there was this minimum of $20 million a year in revenue that never materialized...

http://www.highbeam.com/doc/1G1-181402005.html

Or this JV that was going to expand their stem cell and genetic engineering platforms into China

http://www.genengnews.com/gen-news-highlights/biomagnetics-creates-jv-to-aid-in-the-establishment-of-a-chinese-subsidiary/41491265/

In fact, if you go back and do some research on press releases from Mr. Hardman you'll find that he has a long history of overpromising and underdelivering. Of course, past performance is not always an indicator of future results, but it can't be discounted completely.

(c) A corporation administratively dissolved continues its corporate existence but may not carry on any activities except those necessary to wind up and liquidate its affairs under W.S. 17-19-1406 and notify its claimants under W.S. 17-19-1407 and 17-19-1408.

http://legisweb.state.wy.us/statutes/titles/Title17/T17CH19AR14.htm

Looks like that nationwide pharmacy chain will have to put their massive orders on hold.

Say it ain't so...

If KARMA comes calling, then management will end up in jail and the company will be shut down. That wouldn't be good for you or anybody else holding.

Sure you do. They're going to issue a crapload of stock, mostly to themselves. They're going to wait until enough time has passed that all of the people who were burned on this RS are gone and then they will start issuing press releases about HUGE CONTRACTS and revenue targets that never materialize. The PPS will bounce around for a while in the $.001 - $.005 range before the insiders unload all of their shares on unsuspecting investors and it drops back down to $.0001. There may even be another fake buyout thrown in there as well for good measure.

In the end the PPS will drop back to $.0001. They will conduct another RS and the cycle will begin again.

Either that or they'll simply close up shop.

In my opinion, there are no other future scenarios as far as Thresher and it's crooked management are concerned.

The only scam tactic regarding THRR was the fake buyout and multiple reverse splits. It's only going to get worse from here, not better. In my opinion, if you can sell it for $.02 or more then do it.

It's down almost 80% from pre-split levels. It won't fall to .0001 until the inevitable dilution starts happening. It may have done so already, but unfortunatley due to the gag order on the TA there is no way to confirm.

If you look at their Q3 financial statements, you can see they were very quickly running out of cash. Without the ability to raise additional funds by selling shares in Q4, I have no doubt that they were unable to pay their rent for some or all of that period. And, if the facility was foreclosed on, which appears likely, then the new bank ownership would probably not be as forgiving about past due rent as the prior owners.

They changed the ticker from THRI to THRR when they conducted the RS in 2008. Haven't heard that they'll be changing it again, yet at least.

There's still time to sell and claim your tax writeoff. There's a very, very, very, very good chance that you'll be able to buy it back after 30 days at a cheaper price if you really believe in this company's long-term potential.

That would imply that anybody thought there was a market for "relaxation beverages". How hard do you think it would be for Red Bull, Coke, Pepsi, etc. to come up with a similar product if they thought it would sell? It won't and they know it, so why would they bother?

JN's disappearance is indeed a mystery. Could he have received a few inquiries from the SEC about his practice of "selling while telling you we like our shares?" That's called scalping, regardless of what after-the-fact disclosures you put up on your blog. Obviously, this is speculation, but I wouldn't be surprised.

It's available at the 7 Eleven a mile from my house in Arlington, TX. I've never bought it however, as a drink that makes you sleepy is just plain stupid. If I wanted a drink to help me relax I would drink some wine.

Two thumbs up for the funniest post of the year. Way to close out 2010 with a bang.

I think you're mistaking unethical and dishonest for secret and cunning. There is nothing secret or cunning about what this company does. Pump, dilute, dump, RS, rinse and repeat. They did it in 2008 and again in 2010. They will do it again if people continue to hand them their money.

Could you please explain to me what this company has accomplished in its history that gives you such confidence in their ability to succeed this time around? Awarded patents? Nope, they don't have any. Revenue growth? Nope, they made $35k for the first 3 quarters of 2010, compared to $161K for the same period in 2009. That's a 78% drop in top line revenue.

The company is burning through $1-$2 million per year in cash, and they're likely going to make less than $100k in sales this year. Who do you think is paying their bills? "Investors" who think they are getting in at a low price right now. In my opinion, by the end of the first quarter of 2011 the PPS will be way, way, way below a penny. Maybe even approaching $.001 or lower. Buy now and regret it later.

It's kind of hard to have a short squeeze on a stock with no short positions.

That depends on whether or not you would benefit from the tax writeoff. You need to sell by the end of the year to write off the loss.

You're right, I do have a right to my opinion, but very little of what I stated in that post was opinion.

Fact: THRR revenues are not adequate to offset expenses

Fact: The company needs to raise additional capital in order to continue operations

Fact: The only way the company can raise those funds is by issuing additional shares, either by selling them on the open market or in a private placement

Fact: Issuing additonal shares = dilution

Fact: Prior to the RS it was not possible for the company to raise enough money via dilution because the share price and demand were too low

Fact: The company conducted the reverse split in order to reduce the OS count, thus raising the PPS to a level that would allow them to make money by selling additional shares

Opinion: This process has already begun, and the company officers are issuing themselves millions of shares as compensation, just like they did after the RS in 2008

Opinion: This company has one goal and one goal only, allow it's employees to collect 6 figure incomes without having to do any work at the expense of naive "investors"

You're babbling. Nothing you say makes one bit of sense. They conducted the RS specifically because they needed the ability to raise additional cash through the issuance of shares. Prior to the RS, this wasn't possible because the price had fallen to far for them to make any money by selling shares. At today's market price, 1 million shares = $14,000.

However, they are likely issuing the shares to themselves at a significant discount to market price, so the dilution is going to be much more severe. Wait until you see the Q4 2010 and Q1 2011 financial statements. 24 million OS will be a distant memory.

You're not making any sense. The only way they can raise capital is to issue shares. How many shares are already outstanding is irrelevant because they can't get any funds from previously issued shares.

Need money = issue shares = dilution

If you're still holding out hope for your $.10 pps, then you're delusional. It's not going to happen, period.

I never said they couldn't, but the post I replied to stated that this was a poor stock to flip and a good one to hold. IMO, that's not the case.

Interesting. I know I was able to call them pre-RS and they verified the OS. Usually they will provide the information unless the company directs them not to.

There is no way to see it. You would need to call the transfer agent to verify the current OS.

Aside from the volume, this is a day trader's wet dream. Down to $.07, back up to $.01. You can make 30% on each swing. This, and pretty much every other OTC/Pinksheet penny stock, is not a good option to buy and hold because the chances of failure are MUCH higher than success. You are gambling that this is the rare penny gem that succeeds long-term, and people who do that usually end up on the losing side.

And seriously, it's pretty obvious that every post on this site contains someone's opinion. Does everybody really need to put their own IMO disclaimer on their post?

And the cycle begins anew. A new crop of optimistic penny gamblers are moving to the board thinking "maybe this company is on the right track this time". It doesn't matter that there is a well defined pattern for how this company handles it's business: pump, dilute, RS, rinse and repeat. This time it's the REAL DEAL and the big payday is coming. There will be those that make money on this stock, daytraders and the like, but as usual the ones suckered into become "longs" will be left holding the bag.

Don't let yourself get caught up in the emotion. Play the swings if you want, but NEVER forget that this company has one goal and one goal only, make the CEO and his cohorts rich at the expense of others.