THRR - The GURU Called This One Right From The Start

THRR's late day follow up to yesterday's buyer unveiling was not a suprise to the Guru who said this was exactly what was going to happen.  Even yesterday I stated that the game was over for THRR.  I do not like seeing people losing money, but if you read my blog you would have never touched THRR and the bogus buyout.  I was pretty clear yesterday when I wrote this:

http://pennystockgurus.blogspot.com/2010/05/thrr-buyer-revealed-stock-initially.html

 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.

 

On March 16th, well over a month ago I stated this:

http://pennystockgurus.blogspot.com/2010/03/thri-part-ii.html

We trade the penny stocks to make money, not to be left holding the bag after the $.01 buyout offer falls through.  

http://pennystockgurus.blogspot.com/2010/03/thrr-is-anyone-really-this-dumb.html


I wrote more than a few times about THRR and the impending collapse of its stock.  Do a search on the blog for THRR and you will see just how well I covered this scam and bogus buyout offer. 

The only thing I didn't figure was this would come crashing down so quickly.  They could have easily milked the bid for another few weeks.  But after a while the lies get hard to cover up.

Stay tuned.... while the THRR story has now ended unhappily ( as expected) the Guru will find the next soap opera to avoid.


Thresher Industries Receives Notice of Termination of Extension and Purchase Canceled
HANFORD, Calif., May 5, 2010 /PRNewswire via COMTEX/ -- Thresher Industries, Inc. (Pink Sheets: THRR) is advising its shareholders and interested parties that Senergy has notified Thresher Industries of the extension is terminated effective today and the offer to purchase Thresher Industries is canceled. The Senergy website misstates the time frame to the offer, Thresher will be posting the letter of intent to its website as soon as possible. Regarding the offer Thresher has been taking an extended amount of time to make any announcements due to Senergy's delay in responding to our repeated due diligence requests.
We will continue to work to here at Thresher to increase our sales and acquire new customers; we appreciate the support of all of our shareholders.
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.