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Charlie48

05/04/10 10:44 PM

#30761 RE: bulmoose #30758

Thats pretty much what EWRC did when their "buyout" failed

Ron touchard is big holder in THRR also former CEO of eworld (EWRC)...EWRC of the similar buyout PRs and also same Attorney

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Slojab

05/04/10 11:07 PM

#30763 RE: bulmoose #30758

Yep. It can be done as simply as that.

"Thresher industries has completed its DD and cannot proceed with the sale after DD revealed the buyer does not have legitimate capital to pay the previously mentioned tender offer. In the best interest of the shareholders Thresher industries will terminate the sale's proceeding...."