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Why would this go current, it SUCKS!!! Its a total disaster!!!!
Yes, that’s how I see it as well. Gives them a window until mid April at earliest before they have to report next quarter.
So I'm guessing that we see a lawyer letter next and go back to OTC Current. Is that how you see it?
Looks like a lot of language added dealing with voting rights and liquidation rights, especially Class C & D (Canouse/Hicks).
Looks like another 10 million shares hit the tape at .001…..
Lets hope something useful happens. We're tanking fast.
I just got started reviewing the amended annual report. Massive changes in the first 5 pages describing the security classes. It looks like the sort of changes that a lawyer or accountant would require to provide concurrence. This suggests to me that we are approaching the next phase of the Blue Sky reveal.
Yep and we derailed off a massive cliff into a canal a year or more ago! LMAO!!!
Sadly, we both bought our tickets already.
All aboard the SHITSHOW EXPRESS for another trip to no bid and back!!!
Dump-aroo. Total garbage.
Multiple roundtrip tickets to SHITSVILLE here with this one!!
It’s perfectly legal because Canouse, err Fair, spelled it out for all to see in their filings.
Total Turd!! Just not even sure how this is legal......
It appears like even more dilution this morning. OTCN .
Sinking into the ABYSS!!! POS!!!
This stock is so far gone……..
It is strange. I have not found a difference yet in skimming through it.
Wonder why the Annual Report was rereleased today? What was wrong with the one they released on 12/13/23?
Today’s report was not marked “Amended”. What, if anything, was changed or is it an OTC error or did Fair have a panic attack?
Couple of large dilution trades today:
Outstanding Shares
80,139,230
02/13/2024
Those aren't purchases. That is the company paying debt holders using common stock instead of cash.
I reread the Annual Report this morning. I am grateful that the board trained me not to call it a 10K. These stock purchases for cash interest me. Any thoughts?
OTC Markets Group Inc.
3/11/22 Issuance 500,000,000 Common $.0004 Yes J.P. Carey Limited
Partners LP /
Joseph Canouse
Direct purchase
of stock
Unrestricted Regulation
A
3/21/22 Issuance 1,000,000,000 Common $.0003 Yes Trillium Partners
LP / Stephen M
Hicks
Direct purchase
of common
stock
Unrestricted Regulation
A
9/29/22 Issuance 1,200,000,000 Common $.0002 Yes Trillium Partners
LP / Stephen M
Hicks
Direct purchase
of common
stock
Unrestricted Regulation
Annual Report out now-
https://www.otcmarkets.com/otcapi/company/financial-report/392211/content
LOL.. Cabbage flavored. Not sure if that makes it worse. The fact that is being tasted at all is bad enough.
IF...I thought this POS was gonna move, I would buy several million here but I wouldnt dare sink money in this steaming pile of cabbage flavored donkey dung......
I’m sure another is on deck for the final nail in the coffin….
How long until they do another RS? Endless screw-cycle for the shareholders.
Idiots will take it back to .0001
Ironically the company is getting close to it’s original offering price . Wonder if they dare to file another S-1?
Looks that way. Criminals.
Mark my words, NO BID approaching yet again!!! Management sucks and keeps sucking!!!
Endless dilution. Bid down to $0.0012 now. Geez.
Full conversion of the convertible securities equal 9 billion shares. Of course this doesn’t happen overnight but over time.
90% of the convertible securities is Class C and Class D preferred shares held by Canouse and Hicks.
The company defaulted on a couple of notes that put them in a deeper hole.
NOTE 13 – DEFAULT PROVISION ON CONVERTIBLE NOTES
The notes issued in July and September 2021 have step-up provisions which allow for the notes and accrued interest to be stepped up by 50% once these notes are in default. This occurred in the current period and as such, the face value of these notes and accrued interest was increased by approximately $460,000 and $100,000, respectively.
Did you mean - "OS would be 9 billion as of 1/31/25"? Or is this what it would be pre-split?
Breakeven is good - need some news though to counter-act the dilution and maintain the share price.
They will never push through the debt of the holders, and Canouse knows this.
Debt is the issue that convinces me that they have to do whatever they are going to do relatively soon. Otherwise David is gonna have issues paying his bills.
Conversion and retirement of some preferred shares by Trillium (Hicks) and Canouse as well as some Canouse notes into common shares. This will be the theme going forward. If all preferred and notes converted to common, OS would be 9 billion as of 1/31/24.
Breakeven quarter. Cash going to buy inventory and pay down some debt. Sales about 4.1 million. $900 in customer deposits.
Overall, debt is still killing them. No mention of EEOC lawsuit (in fact they say they are not aware of any pending suits).
Why Third Bench ever went public is the $64K question. Obviously they couldn’t raise or borrow any money from traditional sources like banks.
All good news I'm sure...LOL.
Quarterly report is out….reading thru it now .
https://www.otcmarkets.com/otcapi/company/financial-report/391933/content
Wont be any news.....those days are long gone....nothing to share other than a dead company.
And OTCN is sitting on the ask at $0.0015 right now, and they have a bid at $0.0014! They want to dilute even more, but don't even have the bid support to do that!. They might move their bid down to move the rest (they wont dump into their own bid).
No joke. These shares are worthless. And still no news or filing!
Yep, better luck at the casino than this POS TURD Sandwich!!
You're right. I would just put the money somewhere else and have a better chance with it. Sad what this turned into.
But the stock is already worth NOTHING!! No need to throw good money after bad! This was already NO BID, then RS of .05 which only lasted a day, now right back to .0015, so nothing left in a penny after they have cut this thing into over and over and over again, its basically WORTHLESS as is management...totally WORTHLESS!!!
If it gets that low I might try to average down. I could get a shitload of shares cheap. And then pray for news and change of management.
.0001 coming yet again, just like before RS!! How the hell does this happen, this clowns are true dummies!!!!
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Since 1975, Davis Kitchens has offered striking design, quality cabinetry,professional installation and first-class service. Davis Kitchens is Southern Arizona’s leader in cabinetry. We are a major Tucson, Arizona cabinet distributor for remodeling and new construction alike. We provide professional cabinet designs and installation for your kitchen remodeling, bathroom remodels, room addition, or new home construction.
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DAVID FAIR
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David Fair Named in 2021 Wood Industry 40 Under 40
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