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AS is the same as Friday.
$THB TURD is going no where but back no bid for a 2nd time!
So far today, at least another 4 million shares dilution ….however the day is young.
Canouse/Fair needs to be SUED and have a lawyer at their front door! Morons!!!
Probably soon since we just saw the Annual.updated with legal terminology regarding the rights of the different share classes. Posted then that it looked like a lawyer scrubbing.
I think they would have to put out an attorney letter to be current, which would be required for a FINRA filing to change the AS. So, yes - letter - OTC Pink - AS reduction. But who knows how long that will take?
What's next? You looking for a lawyer letter based on the updated filing and OTC Pink again? That seems to be up next in my universe.
One thing is for sure. They have had years to plan this reveal so I expect to see their best effort. This is the promo that Canouse will forever be judged upon.
They should be close to that moment (any intelligent person would be). At this rate we would be at $0.0001 in 6 months, and an OS of 200M. Once they get to $0.0001, then they would only make $480,000 diluting up to the 5B AS (yet to change on the federal level).
At some point, they must realize they need to put out news and updates.
Seems like the target number of shares is here or very near. They have to realize that there is a CPI/Inflation come to Jesus moment coming in the markets and its time to get deals like this done before they all rush to close.
My guess is that insiders have printed themselves 77,250,194 shares since the RS or roughly 3/4 of the OS in addition to shares already held. It seems to me be quite possible that the big trades are holders passing shares around combined with some investors selling into the dilution. I have no idea if this is what is happening but it is certainly as possible as your analysis.
Yes, clearly, considering the volume yesterday and today.
It took the transfer agent a few extra days to post this info:
OS: 103,989,230 as of 2/23/23.
Most of the dilution happened earlier in the week.
OS increased to 103,989,230 2/23/2024
Was 88,064,230 2/22/2024
Run would take a miracle here, cant believe a change was actually made, still no faith or hope in this turd.....
I'll take a good meme / Twitter Kids / speculation run any day. I've made good money off those on other stocks.
One thing is for certain. The X bots will go into hyperdrive with the news of the AS reduction to 5 billion, totally ignoring that it was only a 1:10 reduction vs. the OS being 1:500.
Meanwhile the OS has quadrupled within the last 4 1/2 months.
Lol, there is no good faith here with these assclowns, this is going nowhere but down further most likely….they are draining it dry….
I have one investment where the AS has been changed at the state level for a long time with no action at the Federal. I'm thinking we could see another filing in Florida before we see OTC markets updated. A possibility not a predction.
Hence the term"AGENT" The Transfer Agent as in the company is employed by Third Bench. They most likely employ individual agents. You have been posting that Third Bench does not pay the transfer agent. They do pay the company known as the transfer agent. That company pays employees to do the work.
Its a silly argument. You always pay a business for services rendered and their employees provide the service.
For illustration I have never actually paid Ronald McDonald for a cheeseburger. I seem to always have to pay an employee who is an agent for McDonalds.
Maybe. Who knows with them. They can increase it any time with just two filings (not sure how much that costs), so if they were smart they would just reduce the AS to 250M now as a show of good faith, and increase later if needed.
The agents move shares as they are told and update as they wish (within a reasonable time, which for most companies is one week) They don't work for Third Bench, they work for the money the transfer agent company pays them.
Or possibly they will revise it again before they disclose. They changed the name twice and did a lot of other things twice in rapid succession so why not reduce the AS twice?
The agents are bound by the duty of agency based on their employment.
They should. They moved a bunch of shares today, so my guess is they will update the OS and AS at the same time, but I think they need to do an SEC filing to change the AS (not sure) since it is a corporate structure change. The link you gave was for Florida, which would be required also, but SEC / FINRA (OTC) need their own filing of AS change to make it legal on the Federal level.
Yes, and the agents that work for Empire Stock Transfer don't work for Third Bench. It works just like your car insurance company- the agent that represents you does not actually work for you.
It's a freaking miracle! They finally pulled their heads out of their asses. Now we know they will only dilute up to 5 BILLION shares (at first) LOL. Maybe a PR now? I'll start holding my breath now....
Now here is an interesting Transfer Agent Tidbit. The AS was reduced to 5B shares on the 15th but the transfer agent filed an update with OTC markets on the 16th and did not mention it. I see a number of explanations but the transfer agent had better include it in his next update.
Looks like the OS is reduced from 50B to 5B shares. That's a step in the right direction. Will he reduce again or run with this AS?
https://search.sunbiz.org/Inquiry/CorporationSearch/ConvertTiffToPDF?storagePath=COR%5C2024%5C0220%5C21348973.Tif&documentNumber=P20000028833
I hope that this helps. It is copied from Investor.gov.
Transfer Agents
Transfer agents work for the security issuer to record changes of ownership, maintain the issuer's security holder records, cancel and issue certificates, and distribute dividends. Transfer agents are usually banks or trust companies, but sometimes a company acts as its own transfer agent. Transfer agents are required to be registered with the SEC, or if the transfer agent is a bank, with a bank regulatory agency.
Most issuers identify their transfer agent on their company website under the “Investor Relations” tab. You may need to contact the company directly to obtain the transfer agent’s name and contact information.
This galaxy at least.
As long as Fair/Canouse can keep on diluting the common stock and reverse splitting it, they don’t care. Canouse gets his money. Fair sits on his hands since he doesn’t own any common.
Speculators who think they can time all this have gotten killed and will continue to be the victims due to them thinking it has to stop at some point. The company and the stock are two different animals here. Investors get in trouble thinking they are one in the same. Company only has a chance one Canouse/Hicks leave the scene but that’s years away, if ever.
Closing in on 100 million OS after two large dilution trades this morning.
Just the planet earth???
Agree, clearly these criminal idiots have no brain with what they have done to this disaster stock!
That implies they have brains! Don't think they do.
Train wreck brain wrecked management!!
THBD biggest cesspool on planet earth!!!!
Any investment here is basically worthless at this point!!! These guys should rot in hell!
Transfer agent skipped updating for a couple of days as those additional shares were from 2/14 (see my post).
Guys might have been taking their wives out for Valentine’s Day?
No, they don't. The company says "move X amount of shares", and it is up to the transfer agent to notify FINRA / OTC Markets of the share structure change.
The transfer agents update on the companies schedule. That's why we have seen slow and fast over time
The transfer agent does the updates. They don't work for Third Bench.
Another OS update. I love his new practice of updating shareholders regularly!
Exactly
Therein lies the rub...............
Sucks!!!!!!!!
This is like the nightmare that never ends!
I would rather lie in a bed of fire ants than buy this stock with this crooked management team!
This should not even be trading anymore, total garbage, total scam, totally criminal, total screwing of shareholders!
Well, at least they would currently suck. But they do that already.
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