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  • Stock Analysis | Thresher Industries | THRR |

    Wednesday March 31st, 2010

    Stock Analysis 
    Thresher Industries, Inc. (THRR.PK)

    If we take a look on the historical share price of THRR it is interesting to see that at the beginning of 2009 the stock was traded at price $0.08 - $0.002. After that there has been constant reduction in the stock price.
    THRR did heavy promotional campaigns in 2009. For the period of six months they did around 50 promotions (pumping through digital promotions) but no effect was permanent.

    The Price remained $0.001 for a long time till they announced sale of company.
    The unaudited reports of the company at September 30, 2009 show that THRR:

    1) Has Authorized 10,000,000,000 and Issued 1,412,575,785 shares.
    2) Has not enough cash for operations.
    3) Has Long-term debt for more than $2 millions.
    4) Has Property & Equipment worth less than half a million dollars.

    The announcement of sale was so unclear and without any details that the shares keep falling after that. Finally they announced on March 26th that they are selling 100% of the company at $0.01/share. No details about the deal yet so the stock is yet undervalued compared to the sale price they declared. It can shoot up any time if the deal is announced publicly with details (for which there are less chances) or can go down if the deal declaration was just a pumping stunt.

    Keep THRR in your Watchlist. Look for more Stock reports and check all available links to avoid falling for the scam. 

    Stock Analysis Report for Thresher Industries Inc. (THRR.PK)

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