Thresher Industries, Inc. (THRR)

[overachiever]

THE THRR BUYOUT ANNOUNCEMENT IS A SCAM

Here is why:

In the last two PRs, these scammers have made the following two statements:

"The anticipated completion and closing of the deal could be as soon as April 10, 2010".

"Thresher would like completion and closing of the deal before April 10, 2010".

This "buyout offer" is not even in the tender offer stage. According to Thresher itself, the "offer" is currently nothing more than a LOI. or "letter of intent". Supposedly, some mystery party has sent them a letter telling them that they want to pay shareholders .01 in something (cash? stock? 2 year restricted stock? who knows?)

When Thresher told the world that they expect this to close by April 10th, they forgot to check with any competent securities lawyer who would have surely known that it would be impossible for any tender offer to close by this date. Why? Rule 14e-1 of the 34 act requires a minimum time for any tender offer and since there is no real tender offer underway, any tender which would close by April 10th would be in violation of the law. http://www.law.uc.edu/CCL/34ActRls/rule14e-1.html

This proves that Thresher's statements are pulled right out of their rear ends.

Here are the major red flags:

1. The suitor is unnamed.

2. There has been no announcement as to whether this mystery suitor would be paying in cash or stock and if stock, whether the stock would be free trading or not.

4. The suitor being unnamed makes it impossible for any shareholder to do any due diligence as to the suitor's ability to pay.

3. There are promoters working this stock and have been hyping the announcement very aggressively. If .01 was guaranteed, why would promoters be needed to to try to jack the price of the stock to .01? Why pay a promoter a penny to try to get a stock to a price which is already guaranteed?

5. This is very important. Since the company supposedly agreed to the terms of the deal already on the table, they have issued almost a BILLION SHARES of new stock and raised their A/S by 4 BILLION shares. Sorry, but a legitimate buyer would not stand for this. This effectively raises the price they would have to pay for the company by a substantial margin and would thus make any agreed upon deal null and void as well as substantially changes the terms of the original offer.

6. The tape tells the tale. The stock is trading at only .02. If the deal were real, the mystery suitor's investment banker would be buying the stock to within 10 or 20% of the buyout price. The fact that is not happening, tells everyone that there is no deal worth .01 in cash for this stock or nothing even close to it.

My guess is that at best, this is nothing but a restricted share swapping scam and the deal has a snowball's chance in hell of ever putting .01 per share into the pockets of shareholders on April 10th.