I talked to Roger, and he lied to me. That was back in August. Eventually I put in an order to sell all my shares, that was when the stock dropped and never recovered. At the time I had 360 million shares. Since the reverse split and stock handout...this stock is clearly not going anywhere. How many shares does THRR have? No, you are wrong. Go back to the last filing. One of the first things it says is: "There are 1,000,000,000 preferred shares authorized and issued." Now read farther. "Each preferred share is equal to 1,000 common shares....."

That means there are ONE TRILLION SHARES (equivilent in the preferred) plus the 25 million they claim.

Today I sold the balance of my shares down to .01. I am glad to be out.

Your only problem is Zecco. ALL of the others have it , as of a week ago. You'd better call them....

Olde Monmouth, phone 732 872 2727 is the stock transfer agent for Thresher Industries. They have the only up to date information on Thresher's authorized shares and the number of issued shares. However, right now they are refusing to give out those numbers. I suggest everyone, and I do mean everyone, call them each and every day until they tell us. They tell me there are too many phone calls if they tell people, I think we should make it clear to them they will get a lot more calls if they don't tell us. Call them, ask for number of authorized shares and number of outstanding shares, for Thresher Industries. Post it here if you get it. Get your pencil ready before you call 732 872 2727.

Only a fool would sell at this price. Tom and co. will be buying back the whole company (now only 23 million shares) for only $300,000 or less. Then they will repromote and the stock will go to $.50. NOW is the time to buy all you possibly can. Retirement and riches all in one step!

Call the company and talk to them. I do on a regular basis, and I'm not as worried as most of you are. 559 585 3400 Monday through Thursday. Remember you can catch more flies with honey than you can with vinegar.

This is a pink sheet company. All sales go through the market makers. The huge block you are talking about is just their inventory, and it is NOT huge. The very second the company gets the "caveat emptor" off, this stock will trade up, and normally again. It will go up so fast you'll wonder what happened. The company is NOT selling shares. Call Olde Monmouth, the transfer agent and ask, you will find out they haven't issued new shares for many months. Buy low, sell high.

On every trade, on every stock, there is one winner and one loser. That is not a good reason not to trade THRR. When you buy low and sell higher, you make money. It can't get much lower than it is! Reverse split? Not likely as there are 14 billion shares authorized, and 12.049 billion issued. They still have almost 2 billion shares left to issue without needing more stock. There is plenty of profit potential here.

If you want to buy low and sell high, you must have the intestinal fortitude to buy low.

It will go to .0002 next week, and you will wish you had bought some!

But they are NOT issuing new shares. I have checked with Olde Monmouth the transfer agent every couple of weeks, and the oustanding share count has remained stable for months. They still have 2 billion shares authorized but not issued. A reverse split is not likely at this time, at least, and probably not until they have some sort of success of some kind. When a stock is this low, the only thing it can do is disappear or go up. My guess is it will go up.

They are not issuing new shares. If you check with Olde Monmouth, the transfer agent, they have not issued new shares for many months. What is more, they have a substantial amount of cash still. Check the latest financials. As to who is buying the stock, almost no-one. I know 9 million sounds like a lot, but it is only $900. The stock will go, eventually, but it will go up really FAST when it does. All it will take is a little news. If you don't own it before the news, you won't make any money. Now is the time to buy.

The next quarter's report will show cash in the bank. They have sold 1/2 billion shares more than the March report shows. This, plus the rumour of yet another buyout will bump the stock. The MMs are not short, not very long...they have been selling as they get the stock, for less than .0002, so it has been posting at .0001. My opinion (that and a dollar will get you a cup of coffee free!) is that the insiders have been buying since the debacle...they know company has cash...they have been slow about reporting because they want to accumulate the stock. Finally, the rumour on the other board is that NASA has taken interest in the company. Well, if that is true, our worries are over. IF that is true. IF. Losing the caveat emptor might help too!!

Slojab,
I've only been trading for a few years, 44 to be exact, and I don't know what SS means. Perhaps if it were used in context...

I do know, however, you are way behind on THRR. They have 14 Billion shares authorized and 12,049,889,041 shares outstanding, and have been at those numbers for some months. Their transfer agent, Olde Monmouth will be glad to confirm that. 732 872 2727.

Since they have almost 2 billion shares left, (to issue if they wish) a reverse split is very unlikely. Since they have a substantial amount of cash an increase of the share price is likely once they release their financials and remove the "caveat emptor".

It is my opinion the delay in releasing financials is to amass a litle more, get rid of some investors and be ready for the pop. With careful management, they can increase the per share price, issue the remaining shares, and have a LOT of cash to invest in the company.

Yes, I have been here a long time...and yes, I believe THRR will rise again. I don't expect it will go too high too soon, after all, there are a lot of shares outstanding. However, I do expect financials soon, and a removal of the caveat emptor at pinksheets.com. Those two things, along with a substantial amount of cash in the bank, should resurrect the stock. My belief is they have cash, and are using it to improve the credentials of their materials and processes. (Testing and certification)

You can't reach them by phone when they are closed, true. However if you call Monday through Thursday, they are there, and answer the phone. Next week the financials should be out.

Moe, you are relying on old information. As you probably know, and it is available on Thresher's releases, their transfer agent is Olde Monmouth. The transfer agent is the one who keeps track of all shares, outstanding and authorized. If you check with them, you will see that the authorized shares are 14 billion, the issued and outstanding are 12,049,899,041. They have issued a lot of shares Since December 31, 2009.

I believe you are getting your information from a financial reporting site. If you read their disclaimers, you will see that all information they give you, is extrapolated from the last reports to the SEC or to pinksheets.com. The thing is, THRR has not made any reports since Dec31, 2009. (effective as of that date)

You can call Olde Monmouth at 732 872 2727, and they will readily advise you of the current number of shares, or you can call Thresher, at 559 585 3400 and they, too can advise you.

You'd better quit sitting there watching me buy. Where else can you get 50% profit in less than one week?

I'm hoping for Threshers financials to come out next week, showing a big wad of cash in the bank. While I'm hoping, how about the caveat emptor comes off, and there is a big jump in THRR's stock price.

we are all sitting here with our hands in our pockets, doing nothing. We should be buying (I am) while it is down here, so we can clean up when it pops. Everyone knows about buying low and selling high, right? If not, you should try it just once, it feels good.

But you also said you bought them at .0001, and that just isn't true. I have had open orders (several of several sizes) for almost two months at .0001, and none of them have been filled. Sorry, I too, don't believe you.

Lawsuits are expensive, trading is cheap. It only costs $12,000 to own 1 percent of the whole company! A lawsuit nowadays is $35000 up.

I am just remembering all the drivel from a couple months ago when some people were saying they would never sell for less than 3 cents or 5 cents or 8 cents. They were talking about a short squeeze, even though obviously there were no shorts. Just about like today, when we have all lost our shorts! .00000 has to be coming....75 to 90 percent of the volume is sells. The MMs can't keep buying forever. THRR RIP

Yes, I am worried about a reverse split. Even if they reverse 10 to 1 the stock will probably work its way down to where it is now....0001. So every dime it is worth today would be a penny. I base this on the price of .0001 when there were 1.4 billion shares outstanding. Pretty scary, isn't it?

This is a great chance to buy Thresher before it shoots up. Big news on Monday? Who is going to feel bad that they didn't load up while they could? Am I the only one who is buying?

A lot of people are dumping today. 109 million sales, only 8 million buys. Will the bid drop to zero?

You argue your case well, (it is a pleasure to find a post in real English) but you are arguing a losing proposition. Thresher Industries is not a big enough fish. All the pinkies in the world aren't a big enough fish. The percentage of people who give a hoot is minscule, and therefore no politician will waste his time. They are after votes, and if he got ALL the votes from pinkyland he still wouldn't have any votes.

No one is going to do anything about Thresher. If they were going to, it would have already been done. Now we need to wait and see if they can turn it around.

I think the MMs are doing just fine. A few days ago there was a 200 million dollar sale. It took less than two minutes for the whole 200 million to go through, and all at the published bid of .0001. I myself (an average investor) have put in many orders the last several weeks. All have been filled immediately, and twice at a lower price than my limit. Obviously there are occasional sales at less than the published ask of .0002. The numbers of shares bid and asked are very different, but you must take into account they are holding a lot of shares. Sales have been very high compared to buys. I'd like to see the bid/ask tightened, but exchange regulations won't let that happen, because you can't ENTER an order using 5 decimal places.

It was I who stated the SEC has not found anything illegal about the recent fiasco with Thresher Industries. I was not talking to the same person as you, obviously. The person to whom I was speaking seems to know more about the particulars of THRR.

I would like to point out a few facts. First, you have no idea what the terms were in the letter of intent. You have only seen one page. The complete letter of intent and all the PRIOR negotiations have not been made public.
Second. I have seen no PR which says they were not allowed to name the company. Tell me the date such PR was issued, and by whom...???
Third. The company did not dilute during that period. Shares were issued, yes, but not sold. Shares were issued because of previous actions, and to eliminate the preferred.
THRR has stated there was no insider trading...this is a very simple thing to investigate, and I'm sure they are being truthful in this regard.
I'm limited to one post per day, so cannot keep up a very good conversation, sorry.
My original comment was to say contacting the SEC daily was a waste of time. Yours and theirs. They have the information. Additional complaints don't help.

Tommy if you call the SEC instead of complaining on their site, they will tell you, as they have told countless others, that they see nothing illegal in what Thresher has done. They have investigated, the investigation is over. End of story.

I recently posted this: looking for help finding a screen that might show shares available at less than the official "ask".
...
A couple of days ago I put in a buy order for 30 million shares of THRR at .0002. 14 million were filled at .00015, the balance at .0002. I don't have a screen that ever showed shares available at .00015. Is there something I'm missing?

If anyone sees them there, they could alert the board?
....

Now, not that I don't appreciate it, but all the chatter which ensued, answered a whole lot of questions I didn't ask, (as they were all obvious) but didn't answer the question I did ask, which is: Is there a screen available anywhere which would show any shares available at a price under the official "ask" price? With all the recent selling volume it might be possible someone would sell for .00015 instead of .0002, and some screen might show that, but I don't know where.

A couple of days ago I put in a buy order for 30 million shares of THRR at .0002. 14 million were filled at .00015, the balance at .0002. I don't have a screen that ever showed shares available at .00015. Is there something I'm missing?

If anyone sees them there, they could alert the board?

But of course, you can't buy at .0001. No orders are being filled there. Bid is .0001, all of it goes to the MMs. You could only buy today at .0002.

Your post has NO accuracies in it.

11 billion times .005 is 55 million.
.005 is not five times the current price. The current price is .0002 or .0003 So .005 is 16 times the current price.

And there are 11.8 Billion shares, so market cap today is 2.36 million to 3.54 million.

I don't see any reason the SEC will press any charges against Thresher. They started out advising us that the offer was a non-binding letter of intent. Unless there is good proof they CAUSED Senergy to make the offer, knowing it was fake, there just haven't been any laws broken. Even if they actually sold stock into the raise of price (which I doubt) there still are no laws broken. I think those of us who chose to believe the LOI would turn into a purchase are just going to have to take our lumps. My lumps are pretty big, because I was a believer, but I can't blame it on anyone else.

Statements like this are the reason we don't know what to believe about THRR. But somehow, I am pretty sure they didn't spend 100s of millions of dollars to promote the stock. If you would leave out the BS and give us facts, we could believe you.

The fax sent to THRR was put in the fax machine upside down. Golly you guys are silly.

I don't think there is any reason to think anything was faked, except perhaps the intention to buy. But if stockmamma's and my thought was correct, and the buyer WAS buying shares.... then the buyer COULD STILL be buying shares. What was a bargain at .0015 is now a steal at .002 or .003.

We could see this renewed at some point. Soon they could own almost all the shares. Not likely, perhaps, but possible. It could still go to 0, too.

It Senergy ever had any interest in THRR, they can buy it now for much, much less. Today it is worth 3.6 million. Somebody is buying with both hands today. Maybe we'll hear from Senergy again.

Not dead in the water, I don't believe. I'll take a long shot and say signed, sealed and delivered today, and announced by both buyer and THRR tomorrow. Cash in our accounts by the end of the week.

It is perfectly legal for the buying company to be buying shares on the open market. All the pertinent information is public, the very most important information being the ultimate (last) price of one cent per share. You can believe an attorney who knows.

The extension is needed is an accurate statement, because the LOI was to expire on the 30th. However, anyone who has ever been involved in legal matters knows extensions are very, very, common, and most of the time the deal is done, only a few days later. It is not reasonable to think a company that is interested in a buyout today will not be interested tomorrow.

The extension and permission have probably already been verbally approved, but not yet drafted and signed.

You will also see a PR from the buying company on Tuesday. This gives THEM time to do their side of it too.

Sale is going to happen.

And of course we all know there is no tender offer, it is a friendly takeover. Offer made, offer accepted, offer approved by the majority of shares (shareholders). Closing comes Friday.
Not being taken private, not a tender offer of any kind. It is a buyout. (Maybe it will be taken private later, but not now, too many stockholders. It would be easy after the buyout though.)

Friday, April 30, 2010