Thresher Industries, Inc. (THRR)

[MJ89]

They did say the offer was significantly above the recent stock price, so that .03 seems reasonable. I have owned the stock since 4/09 when I started buying at 0.014 and just dollar-cost averaged down to .0002 because the company seemed to have a great potential. Why sell the company if the pps isn't at least 4-5X the recent pps of lets say .oo4 (before the news) to be conservative. I am guessing that offer has to be at least .016-.02, but .03 is also possible depending on the numbers they are using.
Anyway, next week will be intersting.
Also, IMO I don't think they need a special shareholder meeting if they are doing what's in the best interest of the shareholders.