The Board of Directors has been in contact with the major shareholders for the company and all parties have agreed with the action of the board to consent to the sale for a price of $0.01 for all outstanding shares. This is a premium price compared to the recent trading range for the company. The anticipated completion and closing of the deal could be as soon as April 10, 2010.
To: Crafty 55. They PR says that they received an offer on March 9, 2010 and the board has been considering the offer since then. The spokesperson for THRR said at 11:30 that they had agreed to accept the offer for it offered a substantial premium over the current market place. Now the t's and i's have to crossed and dotted with the purchasing company. I know that the PR did not name the company. I certainly would feel much better knowing the name as I am sure all would. I think it will be announced shortly.