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I do not like the wording of last news article.
We are now starting the due diligence phase of the process and once that is complete the next phase will be the finalizing of all documents necessary to close this transaction; which could be as soon as April 10, 2010. We will continue to update everyone on the process." This is a explanation of Due diligence.
Due Diligence is a term used for a number of concepts involving either the performance of an investigation of a business or person prior to signing of a contract, or the performance of an act with a certain standard of care. It can be a legal obligation, but the term will more commonly apply to voluntary investigations. A common example of due diligence in various industries is the process through which a potential acquirer evaluates a target company or its assets for acquisition.[1]
So the acquiring company is still evaluating the assets that are being acquired.
In the conference call they said they had to get all the financial filings up to date also, they will not have 2 quarters of filings done by the 10th.
I still have 700k shares at .0009 left
I am 68% of the shares traded today, lol I feel good about this , I bought ZVTK, then THRR, now HFBG I really had dreams about all these stocks before I bought them, you can laugh or whatever but this is going up, I know.
This is going into mid .002 this week
Just bought 11 million shares this morning at .0009 now you can try and buy at .0008 I just sold out of THRR, bought in there at .0005
This is as fun as watching paint dry.
I was just saying what level 2 was showing
2 buys at .0009 1 at .0008 2 sells at .001 and one sell at .0011
why is that not selling with a .001 bid and a .001 ask
I did not like the way he said we had many hurdles before we can sell and that means getting all the filings in order and taking care of OS filings, etc.
In the conference call they said sale was pending on them getting all their financial filings in order, the last report they had 1.4 billion OS, now have raised it to 11 billion with no filings as to date, Last filing was Sept 2009, they are not going to get all these filings done by april 10, of what i have seen of most companies they cant even get a quarterly done on time.
So the short sales dropped from 400 million to 45 million
5 at .024 2 on .0025
Buyers are stacking up now on level 2
Love those new market makers staying put on .0024
Makes perfect sense. THRR came out with news telling every one about the offer at .01 for any and all shares, so now the buying company can buy all they want to, on the open market, and it would not be insider information, we all knew, but most did not believe.
I think that is why buyer is not wanting to be known untill deal is signed, so competitors will not bid against them
And make sure they are wearing their safety glasses back in the shop area.
They are leasing the building, so if the owners got foreclosed on, they would have to move to another location, they might have started moving to the company that is buying them out, since they are all going to work for this new company.
So new market makers here today, ARCA, STXG, and FANC, have not seen those guys
are those 14 guys waiting for CC arguing over what time it starts. lol
I think if it is a company that is trading for 50.00, that is buying the company, they will take 50/.01, so we get one share for 5000 shares of THRR. They could buy all OS for 2.2 million of their shares.
They would not have a conference call without telling us who the buyer is, or else what would they say, except the news that they have already given us.
You can call 10-10-987 and then # and it is only .10 a minute
Wow massive buying 53 million in a minute.
If we are confirmed at .01 for all OS shares, like they have stated 2 times in PR, then shorts will have to cover, and no one is selling for less than a penny, shorts will force price higher than .01, because they have to buy to cover.
THRR said .01 per share for all OS shares. Business week made up the 14 million. If you take what is posted on pinksheets, which is 1 billion 400 million shares OS shares x .01 = 14 million
News premarket on who is the buyer, then conference call 30 minutes later, tomorrow will be good.
Conference call is posted on web site yeahhhhhhh
http://www.thresherindustries.com/index.html
Archive of news for THRR in 2009
They had revenue projection of an additional 15 million for 2010, and that was before this new metal matrix composite was approved in Feb.
http://blog.qualitystocks.net/?cat=633
So basically the only ones getting .01 cent a share will be the ones holding till conference call, it will be to late after call to buy
Maybe THRR can use the green lizard on its letterhead, if Berkshire/Buffet buys them out
Buyout company could be anyone, from Cooper(electronics), defense contractor, that makes armor for vehicles,or Helicopters, auto maker or parts maker. The list is endless of who would pay 100 million for THRR,to someone who is making 9 billion in revenue
The fact is that the new metal matrix composite got approved on Feb 24 from Cal Poly San Luis, as a high strength lightweight composite, that can be used for armor, nuclear shielding, electronics, auto parts and to make vehicles 3x lighter, to save on fuel. On March 9 they received a offer to get bought out, on March 16 the board approved the 1 cent a share buyout offer. THRR holds the patent for the new metal matrix, along with the machine that makes the composite. You can argue the rest of the day about shares, debt, etc. it is all about the new metal matrix composite, the patent, and the machine that makes it.
Time Zones for everyone:
The call is scheduled to take place at 11:00AM PDT on Wednesday, March 24, 2010.
http://www.worldtimezone.com/time-usa12.php
That is what I was thinking, would be good for both parties. THRR sells shares on open market to pay off all debt, all the while keeping the price down, while buyer, scoops up shares at 1/5 of the price.
Why could the buyout not be by April 10, it has already been voted on and approved. Just show us the money, and you can have my shares.
That must be some paper boy. THRR predicts revenues of 15 million this year. From news article Flessner continued that through its expansion and acquisition efforts, Thresher plans on securing customers and orders in several different industries.
“As a result of our expanded capabilities, we anticipate to capture new orders in the automotive, electronics and lighting industries, generating additional annual revenues of $15 million,” he stated.
Look at March 19 news on conference call. Thresher will announce the conference call once a time and date have been agreed upon by both parties. So that means the buyer has agreed to talk on Wed.