Thresher Industries, Inc. (THRR)

[pblue]

Wouldn't DD be done by both the buyer and seller?

Posted by: legalese Member Level Date: Monday, April 05, 2010 11:34:44 AM
In reply to: FastFish720 who wrote msg# 23096 Post # of 23101 Send a link via email Share on Facebook Tweet this post
You aren't taking the quote from the PR, but rather, rewriting it to suit your purposes.

What the PR clearly says is the next phase (after completing the due diligence) is "finalizing the documents" not closing, but finalizing. And obviously, it means starting to write the documents.

Also, due diligence would be conducted by the buyer not the seller.

And... the CEO could not have told anyone he was going to make an announcement today. THAT would be giving insider information.