It looks like the market has finally come to grips with what the Guru has been saying all along, THRR will not be bought out for $.01 a share.
Today's unveiling of a company supposedly willing to pay a 1,000% premium for a stock that has seen its outstanding share count balloon from the millions to over 10 billion shares, boosted the stock temporarily before it fell into the close.
Investors have grown tired of this cat and mouse game. Aside from announcing the buyer has backed out of the deal, THRR has nothing left in its bag of tricks to move the price of its stock. I do think the game is finally over.
Thresher Industries Names Buyer
HANFORD, Calif., May 4, 2010 /PRNewswire via COMTEX/ -- Thresher Industries, Inc. (Pink Sheets: THRR) is pleased to announce that the buyer of the company is Senergy, a global leader in renewable energy, headquartered in Israel. Senergy, established in 1995, specializes in all types of renewable energy; from solar panels, solar lighting systems, fully self contained portable shelters, wind generators and solar powered refrigeration units for trucks. Thresher offers Senergy the opportunity to produce its own main components, thereby eliminating its need for outsourcing and reduce internal costs significantly. This merger will also allow Senergy the opportunity to further establish itself in the U.S. Market. http://senergy.co.il
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.
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5 comments:
hmm...i smell jealousy....
I smell people who's money has been taken to the cleaners by these people..
Maybe you should donate it to charity next time
Here is a link from Senergy saying they never made a deal with them, lol. LOL Now go buy IHSN and think that will be different.
http://senergy.co.il/indexE.asp
Down 40 percent, Senergy denying they
are still interested in buying out THRR, SEC may halt trading at any time similar to PGYC, not only will people be bagholders but they won't be able to trade to get out
So I rather trust someone who misspells a word while telling the truth
You nailed it long ago PSG. Great job, keep up the good work.
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