Thresher Industries, Inc. (THRR)

[pblue]

Buyer is not considered to be trading on insider information for the duration of the offer. When the offer was accepted by the seller the buyer is then given free access to all company information. As part of the seller accepting the offer there may be a restriction on the buyer trading company shares for a certain period if the deal falls through. That is when the buyer would be considered trading on insider information, after having access to all company information.

Posted by: runge Member Level Date: Friday, April 30, 2010 12:18:52 PM
In reply to: stockmamma who wrote msg# 29011 Post # of 29046

question to be cleared up if anyone can!!!
the seller: Mr. Flessner (& company) is selling THRR.
the buyer: at present, still unknown.
so, a seller and supposedly a buyer exists: wouldn't that be INSIDER TRADING if the buyer was 'scarfing' up o/s shares on the open market???? On the flip side of the coin: wouldn't that be insider trading if the seller was dumping additional shares on the open market. If both scenarios exist and have happened then they are making moves (whicheverway they are doing it) with complete impunity and with insider information that the every day John Q. Investor is not privy to. Or am I out in left field on this......i am sure someone will call/label be stupid/uneducated on these issues....it just won't serve anyone any purpose or justice....i am just asking a question out of plain curiosity as well as the fact that i do not know the answer to this....all of this is of cours IMO!