Re: THRR - Thresher Industries, Inc.
Anyone following this? Thresher announced last week that they received an offer to buy them out for .01 per share. The THRR stock had a big jump after that, and is now in pull-back mode due to the uncertainty that the buy-out offer is for real. As usual, there are many unknowns. But what is known for sure is that Thresher is a real company that has been quietly conducting its business for years and own some very interesting intellectual property. But they suffer from typical pinkie problems: not enough capital and huge OS.
Will this pan out? I guess we'll have to wait until the acquirer is named.
I still have a few shares left from last year and I'm willing to continue to let them ride to see what happens.
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