Today THRR issued another press release that leaves you laughing.
When a company issues a press release stating someone is willing to buy all the billion upon billions of shares outstanding for a 1,000%+ premium, you would think they would jump at the offer. It has now been almost two months since this ridiculous offer has supposedly been made and yet NOTHING has happened.
In a press release this morning the company says they have a two week extension to complete the deal. Why? Because the CEO had the flu. Since when does a bout of the flu affect the BRAIN? That fact that this deal even requires thought on the company's end just validates the fact that this buy out offer is nothing but a scheme to inflate the price of THRR's stock.
When someone offers to buy something of yours for 1,000% more than its worth do you really need two months to think about it?
Do a quick search on this blog for THRR and you will see my thoughts on this stock and this obviously bogus buy out. The company is getting sick of the questions and calls as evidenced by today's press release.
What does the Guru think? Being Flu free my thoughts are clear, and I think in two weeks the company will release press stating the mysterious buyer will pull out of the deal or maybe you will never hear about the deal again. Two weeks is plenty of time to come up with another excuse, so I wouldn't rule that out either.
Thresher Industries Updates Shareholders on Close of Sale PR Newswire "Press Releases US - English "
HANFORD, Calif. , April 29 /PRNewswire-FirstCall/ -- Thresher Industries, Inc. (Pink Sheets: THRR) provided an update today regarding the sale of the Company. Thresher has requested a two-week extension to complete the sale of the Company, which was delayed by CEO Tom Flessner 's recent bout with pneumonia. The Company is pleased to report Mr. Flessner is now making a full recovery.
Tom Flessner , CEO of Thresher Industries, Inc. , stated, "Despite this small set-back, Thresher is back on track in full force to close the sale of our Company. We understand many of our shareholders have questions regarding the transaction, and would like to provide as much information to them as possible. To this end, we have requested that the name of buyer be disclosed. Should we receive permission to announce the name of our buyer, we will do so by issuing a press release to the public. We hope this can bring additional clarity to the value that our buyer brings to our Company and our shareholders."
"In the interim, our legal counsel has informed us that we are still in a 'quiet period' until a further disclosure agreement can be reached between Thresher and our buyer. Please be advised that our legal counsel, business associates and management team cannot answer any further questions related to this sale, nor should they be contacted in this regard. General questions non-related to the sale of the Company should be directed to Thresher at 559.585.3400 or via email at info@thresherindustries.com. We appreciate your adherence to these procedures, and thank you for your continued patience," concluded Flessner.
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
SOURCE Thresher Industries, Inc.
Posts
2 comments:
Yes that THRR PR is laughable. I've seen many stocks with restricted offerings at premiums like URBF, but the ONLY reason why one would actually do that is if the float is SOOO small, they have no other choice but to buy higher because if they did it in the market it would be impossible to not move the price. Clearly this is not the case with this sham of a pr. I like your picks and blog though. It's a nice compliment to the small cap reports at http://www.microcapreports.com/
Great call calling THRR out you have been spot on with this company.Thank you for humoring us while at the same time calling a spade a spade.Every time I've needed a good laugh over the past few days I reread this lastest blog on THRR!To funny!!!!!!!!!!
Post a Comment