Replies to post #21462 on Thresher Industries, Inc. (THRR)

[3-Stooges-Nyuk-Nyuk-Nyuk]

well that means there will possibly be a reverse split of shares, and you know what that means. most like the pps will be .001 instead of .01, or either the shares you currently own will be drastically reduced. Im not saying that will happen, but there is a good possibility

[1kgwxman]

I guess Roger Rowell didn't make himself clear in the last pr?
Reverse merger? Reverse split? Nowhere to be found.

hresher Industries, Inc. (Pink Sheets: THRR), issued a statement today from CFO Roger Rowell to clarify numerous inquiries regarding the sale of the company as discussed in its March 24, 2010 conference call.

"I would like to thank everyone who attended the call, and for your positive feedback and continued support. We believe our decision to move forward with the sale of Thresher is in the best interests of our shareholders," said Mr. Rowell. "After the call, we received numerous inquiries regarding the use of term 'mini-tender offer.' I apologize for any confusion this has caused and would like to clarify that the offer we received was unequivocally to buy 100% of the issued and outstanding shares of Thresher Industries for $0.01 per share. We are now starting the due diligence phase of the process and once that is complete the next phase will be the finalizing of all documents necessary to close this transaction; which could be as soon as April 10, 2010. We will continue to update everyone on the process."