Third Bench Inc (THBD)

[PennyMillions852]

Yep, there is nothing positive about this stock, it’s worse than it ever has been share price wise and there is no recovery!

[BearRickPunch]

How's this turd looking? Oh. It's still a turd. LOL

[PennyMillions852]

And it all leads to nothing here……

[tigerpac]

Gotta love those million plus share trading days followed by a couple hundred share days.

[PennyMillions852]

Perspective..this was .0001 before RS, now .005 post split so basically worthless, and worse off than it was before, that’s pretty damn pathetic. Truly the biggest pile of shit I have ever seen in my OTC trading career, this one takes the cake! Management is shit for brains!

[PennyMillions852]

Lol, they could disappear forever, and it still wouldn’t help this piece of shit! It’s done, mark my words.

[bri123]

OTCN disappeared now. Just here long enough to do some damage. Without news there is no way to overcome the dilution rate.

[PennyMillions852]

No, it never does, you will stress yourself out trying to figure out this IDIOTS FAIR's thinking. He's tanking it.

[PennyMillions852]

Taking on water to NO BID!!!!

[Blue Skys]

But why is he reporting it so often? He sure wants the information out there. Must be something gonna happen soon.

[PennyMillions852]

Nothing but bad news here as long as this stock exist!

[bri123]

OTCN on the L2 again. Bad news.

[PennyMillions852]

GAME OVER......I hope the lawsuit crushes them!

[tigerpac]

Another 1.3 million shares added to the share count:

12/6/23 : 32,663,986

11/21/23 : 31,363,986

I expect this to be higher by the end of this month.

[Blue Skys]

The world is full of joy and miracles. One just has to ask!

[bri123]

I'd have a shitload of dimes myself. I see no reason, (without some miracle) for anything good to happen here.

[bri123]

He needs his share structure up to date before he can file. The dilution is to pay the debt holders (Canouse Et al.). They are not "holding the stock back"- the public is not buying because there is no news, and they have not put out news since January of this year.

If we are lucky- they will put out their filing and then put out news so we know what they are doing. News is long over-due. I won't hold my breath on that though.

[PennyMillions852]

All our shares are worthless, it continues to get worse not better.

Blu sky- nothing is happening, this will not shoot up like you said, this is worthless, if I had a dime every time I’ve heard “something is happening” we would already be rich here. Something is happening all right, this is getting worse and going back to no bid even after a reverse split. All the money I had in this turd now worth a funky $480…. I truly hope these bastards roast in hell twice!

[Blue Skys]

Interesting that he did the second update so quickly when he diluted. Something must be happening or he would probably have waited a month. That totals out to just under 6 Million shares of dilution since the RS. Could be anything but it could be payment shares for one or more acquisitions. They would not be holding the stock back so hard if it was not sufficiently loaded to shoot upwards hard.

[bri123]

OS increased to 32,663,986 12/6/23
Was 31,363,986 11/27/23

Dirty bastards.

[PennyMillions852]

Doesn’t mean that this will move, it never does.

[Blue Skys]

I just look up the dates on a filing calculator and its always said Nov 29 and that's what i have posted. If I posted 60 days that would have been incorrect but I had the date right. If we assume that he is going to use the 15 days then we should see the 10K next week.

[tigerpac]

Scratch that ,you are right …,Aug to Nov….sometimes the easiest calculations are the hardest .

[tigerpac]

o Annual Report within 90 days of the fiscal year end

You said 60 days. And all THBD posted was a late filing.

None of it matters anyway. They are always late and will continue to be late until the date that Canouse eventually has to pay for the reports to keep it from going dark.

[Blue Skys]

Where am I wrong? I posted that the 10K was due on Nov 29th and it was. I posted that it was an annual and a 15 day extension would be approved but they only filed for 5 days. No if you go back to the 2 previous quarters I got all these dates wrong and you got it right but I stand on what I posted this quarter.

[PennyMillions852]

Fair/Conouse- criminals in the spotlight!!

[PennyMillions852]

No surprise here, shareholders should be suing them as well!

[bri123]

I knew about that one. Contract disputes are pretty common in business. When the Feds get involved though, that is a different ballgame.

[tigerpac]

If you go on Facebook, you can also find the story about Sher-wood owners suing Third Bench for failing to uphold to the terms of their purchase agreement. This story used to be behind a paywall.

Search Sher-Wood or Las Cruces Cabinets.

[bri123]

Wonderful. Just when I thought it couldn't get worse.
https://www.eeoc.gov/newsroom/eeoc-sues-third-bench-holdings-and-sher-wood-cabinetry-retaliation

[tigerpac]

EEOC Lawsuit against Third Bench and Sher-wood Cabinetry

https://go.gale.com/ps/i.do?id=GALE%7CA760158318&sid=sitemap&v=2.1&it=r&p=AONE&sw=w&userGroupName=nysl_oweb&isGeoAuthType=true&aty=geo

[PennyMillions852]

Guys....this SHITSHOW is done, it is what it is at this point! There is no recovery here! They will continue to drain this dry!

[tigerpac]

Finding buyers between 50-65 only to see Canouse selling in volume at 45. Death spiral in action.

[tigerpac]

So much for “quiet periods”? Never a dull moment in a Canouse stock, especially at the end of the year.

[bri123]

OTCN just went away from the L2. Dilution is done for the day.

[tigerpac]

Volume over 3.5 million shares so far (1.75 billion pre-split).

[bri123]

OTCN on the L2. More dilution today.

[tigerpac]

Looks like we both may be wrong.

This is the OTC Guidelines to remain pink current:

6. Ongoing Disclosure Requirements: To qualify for Current Information on an ongoing basis, companies must:
• Upload reports through OTCIQ on the following schedule:
o Quarterly Report within 45 days of the quarter end
o Annual Report within 90 days of the fiscal year end
o Attorney Letter within 120 days of the fiscal year end
• Maintain a Verified Profile. At least once every six months, review and verify the Company’s profile information through OTCIQ.

[Blue Skys]

It is the annual report for the year end 8/31/2023 which was due on November 29. On that day David Fair requested a 5 calendar day extension when he could have easily requested a 15 day extension. Then the filing would not be overdue.

[tigerpac]

Fair wrote the wrong thing. Should have said Annual but I’m sure he was thinking 4th quarter…..as you tell everything is a complete afterthought. Couldn’t even spell ‘requirements’ correctly. Late night filings when you’re groggy .

[Blue Skys]

I know that but look at the link I posted. The company asked for a 5 day extension and in the filing refereed to it as both a quarterly and an annual. Maybe you can get in touch with them and explain it

[tigerpac]

It’s the 4th quarter which is the Annual Report. They get 45 days to file after year end (8/31) which would take them to about Oct 15!when they should have filed the late notice and that would have delayed to Oct 30.

Instead they filed the late notice on 11/29 with a new delayed date of 12/14.

This is how they filed in years past hence why I have been mentioning to expect a report with the first or second week of Dec. it obviously doesn’t matter to them how closely the follow OTC guideline or deadlines just so long as they
EVENTUALLY file at some point to stay off the grey markets.

Shareholders do not matter to Third Bench. Only the debt holders and lenders matter.

[Blue Skys]

Another 100K shares securely on the pile. I'm done buying except when the Bear Punches. I'm a contrarian so when he punches I add shares.

[bri123]

The bid price is slowly rising the last couple of weeks. So, I guess that is good. Hopefully they put out news after the filing.

[Blue Skys]

The 10K was due last Wednesday the 29th. With the 5 calendar day extension that makes it due yesterday. How strange when he could have just requested the 15 day extension and had until Dec 14th.

[Blue Skys]

Here is what he wrote! Come on buddy. Is it a quarterly or an annual? He says both because he obviously doesn't know which it is. "The Quarterly report could not be filed within the prescribed period due to a delay in obtaining and compiling
information required. The Company could not obtain this information without unreasonable effort and expense.
In accordance with prevailing requiremeents, the Company will file this annual report no later than the fifth
calendar day following the prescribed due date."

[Blue Skys]

I wonder why he only asked for 5 extra calendar days to submit the 10K when he could have requested 15 since its an annual. The words that he used suggests that he didn't know that he was eligible for 15 days.

[bri123]

Another craptastic day here...

[PennyMillions852]

Shitshow for the ages here…..y’all can have this POS!!!

[PennyMillions852]

Why is this GARBAGE still trading???