Thresher Industries, Inc. (THRR)

[pblue]

In some small companies members of the BOD also work for the company in other capacities. The seller would want to know who would still have jobs after the sale.

Posted by: greedy__malone Member Level Date: Thursday, April 08, 2010 12:36:58 PM
In reply to: pblue who wrote msg# 23648 Post # of 23657

Why would the board members keep their jobs?

If it was a true buyout the current BOD would be dissolved.

But since it is not a real buyout I assume they are pretending to do DD on this "potential buyer" in hopes that when it all falls apart they can come up with some excuses as to why this "potential buyer" was not qualified to buy THRR and then I am guessing they will suggest that they intend to file a lawsuit against them.

That's how many of these play out.