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Well.....seems like I was wrong about this one.
Isn't that reading too much into the statement without all the facts?(jmho)
http://finance.yahoo.com/news/Thresher-Industries-Confirms-prnews-2470521120.html?x=0&.v=1
HANFORD, Calif., March 26 /PRNewswire-FirstCall/ -- Thresher Industries, Inc. (Pink Sheets:THRR.pk - News), issued a statement today from CFO Roger Rowell to clarify numerous inquiries regarding the sale of the company as discussed in its March 24, 2010 conference call.
"I would like to thank everyone who attended the call, and for your positive feedback and continued support. We believe our decision to move forward with the sale of Thresher is in the best interests of our shareholders," said Mr. Rowell. "After the call, we received numerous inquiries regarding the use of term 'mini-tender offer.' 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 for $0.01 per share. 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."
About Thresher Industries, Inc.
Thresher Industries, Inc. is a leading manufacturer of low carbon footprint conventional and custom machined die castings made from 100% recycled aluminum and metal matrix composites. Based in Hanford, California, the Company operates an ISO 9000-compliant, "green" foundry that integrates bio-degradable technologies and processes to lower the economic and environmental costs of production. Thresher offers full engineering support, designing, and prototype development to a variety of industries including: agriculture, aerospace, defense, transportation, and automotive in the U.S. and Europe. For more information, visit http://www.thresherindustries.com.
Statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.
Contact:
Thresher Industries, Inc.
Tel: 559.585.3400
www.thresherindustries.com
info@thresherindustries.com
This is doing very well despite the market taking a hit from the Greek economic woes.......seems the eurozone will try keynesian economics to save them...........but despite that this stock is doing extradeonarily well given the conditions of the market.
Seems tomorrow is a big day(jmho)! Where do you guys see this going if the announcement of the buyer goes through?
So you are saying that the DD is going two ways, I was under the impression that the DD would be subjected to the company that is being purchased, and thus would hold no relevance to the company that is being bought(jmho). Also doesn't THRR have another or other property(s) that are not under foreclosure?
Also if THRR has a product that is revolutionary to the industry that a S&P 500 company would be interested, then doesn't that show the potential upswing of this company? Maybe the purchasing company or THRR CEO and crew, know something that I and other investors don't know and see this as a positive venture(jmho).
Another thing I do not understand, is that if you are so adamant against this company, why post information that detracts from the argument as a whole....take it for what its worth, now it is the company's turn to show if this purchase will go through or not...again jmho.
Take no offence, but isn't this beating a dead horse, I mean isn't it irrelevant in terms of the actual purchase of THRR. Excuse the jargon but this is an ad ignorantium argument, and as such negates the facts that are surronding the purchase of this company(jmho).
Good points, but the fact still remains that no one really knows how much of the share count is actually in the "potential buyers hand", or how much of the companies staff has. Don't get me wrong, I got frustrated with this company when they did the reverse split, and thought this was another P&D company, but after following the news releases of success with their products....maybe there is hope left for this thing all jmho. Could be a scam, however April 30th I will be waiting and watching just like everybody else.....jmho.
As I recall, according to the press release the CEO stated that it
could be as early as April 10th......it was never written in stone April 10th........
I have to agree with you momma, I believe this deal is going to go through, with all the reputed news stories that is being hyped about this company........I believe first time in pinky land of me saying this.....but I believe this is a sure winner. I'm have this based on all the developments that have been with this company. I have been with this company previously back before the reverse split, and I believe that they have really turned things around to the point of me deciding to buy into the company. All I can say is that by April 30th chiching.
It has been a long time since I posted on ihub, but I willing to bet that this deal DOES go through.......wishing for the best glta.
Should be a very interesting monday.imho.
Yeah, I would have to agree(imho), because as I am beginning to see, it seems you have to be very frugal, and watch this stock like a hawk, if you choose to invest in it. And I guess, you would need to have multiple re-entry points, to succeed. Again, I'm still learning. But like you said, you need a lot of time to watch this, in which I don't have either.
Nothing.(imho). It really is hype that perpetuate this, and hey why not go along with the ride.imho
When everything is set and done, I have to agree with you. Because like most of these penny stocks, its a lot of pumping, and it becomes difficult to find was is real and whats not. So in any case, I beleive that in the short term at these levels, given public support and the public perception of a positive future of this stock will perpetuate a good profit. But I learned you have to take profits. I still have to make half my money back buying high at .0035, in which from these levels, it seems that it will be a tedious task. So I know what you mean by getting stonewalled, in my humble opinion, I learned to go at your own risk. So I mean I completely sympathize with you. Good luck to you.
I'm going to have to drink to this, because I got in wayyyyyy to high. UNBELIEVABLE.
Just my opinion, but after reading all these posts, and looking at this stock previous history, I'm still trying to figure WTF IS going on?
No offense, and maybe you know something I don't know, but how do you know this is going to a penny?
That could be possible, if so this would be a HUGE break.
Anybody want to purchase my shares?
What happened to the pps, it virtually collapsed???????
Oh yes, I am agreeing with you, however with my theoretical model they would buy low, sell high, and do it in processes like a shorter, while reducing the OS count thus creating shareholder value. So two processes, ONE: which can create a profit, while also developing shareholder value, by providing the necessary buying pressure and supply/demand sequence;SECOND: as you said, and as listed in the pr', by reducing the shareholder count, it would also increase the value of the stock. So it could happen imho.
Well, heres the thing, if you want to build shareholder value in a corporation, you can go about through manipulation of the stock price. In which you buy and sell, as, well basically a SHORTER, may be wrong. Buy low, sell high, whilst decreasing the OS. Thus creating capital/profit for company, and building value of the stock. So just as we, they can be in here buying low, sell at a high, though diped price. Reinvest the capital at dipped price, sell as it gets higher, and so on and so forth. Plus have a decreasing OS. To me this seems to be the right recipe for a success, considering that they haven't sold there products, thus maybe not right away, as an upstart it wouldn't reflect there true value, especially in these beginning stages, like most pinkies. So theoretically this can be a possibility.
I don't know, theory at least, but to me it seems that the company may have been in the buying/buy back during the run of this stock, and now may be selling the shares back in the process. The company did say they are in a buyback, and don't need funds(I wonder why), and are trying to create SHAREHOLDER value. No better way to do it by buying and running your own stock, selling within process, while reducing the share count, whilst creating more fund due to selling within high price range. That may be a reason why the company is not saying anything, and NITE may be selling in due process. And it wouldn't concern me about the OS, for I believe that they have been truthful about it. If you go by the processes that I listed, it wouldn't really matter. This may also fund the companies operations if one were to look on it. Because technically they never really sold anything, but again, thats how these pinkie stocks work, sometimes you will find one that delivers. Just a theory.........
Lets not forget, debt (LOL)
All the energy here sounds positive, but seriously, as I begin to look at whats going on here this smells to be going into the toilet soon. Its great to pump, but besides very unsubstantiated claims, what facts do you have that claim a RUMOR of a buyout? You say that there is a buyout, the charts look apt for strong growth, but this seems, like so many of these pump-dumps that are on ihub!!! I mean though WAMU BANKS have been bought out, and its just the holding company, what real threat is there that this judge doesn't rule in favor for WAMU? Really there is no threats for a comeabout if she doesn't rule in favor of the company anyway. Hows this even going to be any different than any other of financial companies, who some were in an even BETTER position who were also taken over? Hostile or UNHOSTILE if you will. When everything is set it just doesn't make any sense. Really, even though these are the pinkies(lol), the odds of this coming out and doing well seems to be SLIM. I mean if you were JP Morgan billion dollar company, would you spend nearly $3.00 for a shell company?????(LOL!)All because you pissed of some shareholders????I mean I'm just getting started, seriously this is like a lottery ticket(LOL!!) --------->SO TO ALL GOODLUCK!<----------
Whats with all the hubbub?Is this thing going to skyrocket?
Does anyone think this will rise because of good profit margins and they followed through with the acquisition of the gas stations?
Does that mean they will not be in bankruptcy? or on the up and up?
I have to tell you, I was confused as to why even after 4.4 billion would have been given to them, that this stock doesn't move. That was when I just discovered that wamkq.pk not wamuq.pk is the one moving on the news........any thoughts to this?????
CPOG just got big news in regards to revenue and net profits.
CPOG.PK just got huge news in regards to revenue and profits.
Based off this post it does seem to be true, I guess that 4.4 billion is the only thing they have access to.
Also I have a question, what major events are we going to see this week?
I know logically speaking, that with assets compared to liabilities, they are on the upside, however according to a "represenative" at WAMU, they are already in bankruptcy, and that JP Morgan owns those "assets". As the represenative said, it just a matter of time before all the stock and functions get "pulled" so to speak. Hopefully me and the represenative is wrong, but I guess I am going to see what happens...........
here's the number:
Also request to ask with a customer service represanative. After talking with them, I found out what is going to happen with them.
Checking, savings and CD account inquiries:
(800) 788-7000
24 hours a day, 7 days a week
--------------------------------------------------------------------------------
Home equity and consumer loan account inquiries:
(888) 800-8738
Mon - Fri: 5 a.m. - 6 p.m. (PT)
Saturday: 5 a.m. - 2 p.m. (PT)
https://www.wamu.com/customer_service/contact_us/default.asp
Sorry it is difficult to tell the truth...but actually I ccalled Washington Mutual, and according to their represenatives, they in fact are in bankruptcy, they are bought out by JP Morgan, and according to the represenative, they are going to "phase" out the remaining stock. So I am a bit antsy about what is to really happen on monday. According to rumurs, they 4.4 billion is to be given to them by JP Morgan, but according to my broker, this money is only to be used to pay back immediate debts. So based off this,I guess you can make educated guesses?????
-good luck