Thresher Industries, Inc. (THRR)

[bradakus]

WAG..In a buyout you also have to buy the Debt that the company owes and in the pinks it's always convertable notes that pays the bearer in shares. the tender is for .01 per share and these notes converted to shares will equal Billions of shares and most of the money going to the Debt holders. So what the company has to do is call in the notes and force the conversion of all outstanding debt at current market prices (raise AS count)and dump the shares into the market (us)but in doing so that gives most of the money to the commons and inflates the tender offer price by vast millions (.01XOS)14B.

So now the problem is how to bring the share structure back to the ammount in the outstanding at the time of the offer (1.4B X.01 per share)and the next step will be to do a reverse split wipe out the commons (us) then convert the prefered shares to commons complete the buyout and give the money to the insiders.