THRR - Is Anyone Really This Dumb?

Less than two years ago THRR was THRI. Same company, same management, but before a mind-boggling 4,000-1 reverse split screwed over all shareholders at the time. Today the stock has traded over $5,000,000 worth of volume on a press release stating they are accepting an offer for a buyout at $.01 a share. Give me a break.

Who in their right mind would be buying a company with an outstanding share count in the billions, an authorized share count of 10 billion, that had a grand total of $486,000 in assets per its last quarterly UNAUDITED Pink Sheet report? It defies logic. The company lost $422,000 in its last quarter. Carry that over a year and you are looking at a $1.2+ million dollar annual loss. Does that sound like something you'd want to be buying for over a 1,000% premium? Really.... why would they be buying a $.0006 stock for $.01? There seems to be more than enough shares in the market well below that price.

Anyone who believes this story also believed EWRC was being bought out at $.06 a share. Look at where that stock is today.

Considering the company has not updated its share structure on Pink sheets in almost a year, it it is safe to say they are selling shares into the market at an incredible rate. When you've got enough suckers buying into this dream, you might as well squeeze every penny before the game is over. Why let them know how many shares are REALLY in the market? Let them believe the numbers from 2008.

Why is there no mention in the press release of who the idoits ponying up millions for the company are?
Why is someone paying millions of dollars for a company that has only ~$400,000 in assets and is losing over $1.2 million on an annual basis?

Finally look at the trading today. If this was anything more than a pump, the stock would be a heck of a lot closer to $.01. That is why we trade them and never believe these outlandish press releases.

The press release that people bought the stock on is posted below. Remember to read the bottom. That is the most important part. These companies can say virtually whatever they want as they are protected by the Safe Harbor:

Statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995.


Thresher Industries Inc. Moving Forward with Sale of Company
HANFORD, Calif:, March 16, 2010 /PRNewswire via COMTEX/ -- Thresher Industries, Inc has been considering an offer that they received on March 9, 2010 to purchase their company. Subsequent to a special meeting of the Board of Directors of Thresher Industries (Pink Sheets: THRR), it was announced that the proposed offer to sell the company was approved. As stated previously, in the opinion of the Board of Directors this offer represents an extremely attractive offer with a suggested settlement that is significantly above the current market price range. Corporate attorneys for Thresher Industries have advised the Board of Directors that they can act on this offer without shareholder approval. 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.
About Thresher Industries, Inc.
Thresher Industries, Inc. is a leading manufacturer of low carbon footprint conventional and custom machined die castings made from 100% recycled aluminum and metal matrix composites. Based in Hanford, California, the Company operates an ISO 9000-compliant, "green" foundry that integrates bio-degradable technologies and processes to lower the economic and environmental costs of production. Thresher offers full engineering support, designing, and prototype development to a variety of industries including: agriculture, aerospace, defense, transportation, and automotive in the U.S. and Europe. For more information, visit http://www.thresherindustries.com.
Statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.

Contact:
Thresher Industries, Inc.
Tel: 559.585.3400
www.thresherindustries.com
info@thresherindustries.com