"Thresher Industries has been advised by their Corporate Attorneys that the approval to act is not necessary by shareholders and that the Board of Directors has in fact been in contact with the majority shareholders and party's have agreed to the offer price of $0.01 for any and all outstanding shares."
they will most likely issue a dividend of .01 per share that will be deposited in your account, then retire the shares....if they are going private. Another one they can do is called reimbursement of invested capital which is virtually the same thing and manner, only it's not taxed as capital gains. I wouldn't worry about that one. If you have shares in your account, you are a shareholder of record. As long as your trade has settled.
Well if the acquiring company is purchasing all or any of the remaining O/S, then we shareholders, who hold a portion of the shares will be compensated for 0.01$/share. Remember that the officers/directors of the company (and the CEO's family) holds many shares. Dilution could be a way for the acquiring company to get a hold of cheap shares and can also frighten investors out of their holdings (which is beneficial for the company doing the buyout) so that they don't have to compensate the other shareholders. Why do you think that the company buying out THRR is offering a premium for their shares? It's only so that shareholder's could panic sell which makes the acquisition much easier. Likewise, it's just a strategy put in place. Dilution can be happening so that hostile takeover's don't occur as well. read this if you don't understand what transpires. Also note that THRR is nothing like PGYC or EWRC. Read their past PRs, read the board of directors from PGYC ( a total scam). It's nothing like THRR. LOOK AT THRR'S TECHNOLOGY PATENT, THATS IT. http://www.investopedia.com/terms/a/acquisition.asp
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