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Nearly time for the attorney letter and Pink Current.
I like those guys. I got some .0007's this morning.
Down the drain. I like to think of them as red panda faces, it's less depressing.
Pretty likely a six digit price for 4 million + shares was a dilution trade. We will know in a few days.
OTCN was sitting on the ask (they had the lowest ask price).
That trade went thru at the ask so it's doubtful that its dilution.
No bid coming……mark it!
4 million share dilution trade just before the close yesterday. Hundreds of millions of shares left to go, if not billions!
Sums it up….pile of SHIT!!!!!!
A major ECN for both toxic and non toxic OTC trading.
Since OTCN is the main MM thru which toxic shares are traded thru it comes as no surprise that they have shares available at .0008 .
I bet we see that yield sign vanish within a week!
Free shares today! OTCN has lots and lots of shares for sale at .0008. Don't let that small quantity fool you. Great chance for smart money to get in the game. All the other market makers are sitting at .0012.
Pile of shit is sinking into the ABYSS yet again....
Yeah, there is no way I would drop a dime on this turd.
Actually the last three digits stayed the same on the OS.
OS updated to 111,989,230 2/27/2024
Was 103,989,230 2/26/2024.
123,064,230. 3/5/24
Sounds like you are trying to convince yourself to hang in there by coming up with these nonsensical theories. Good luck to you.
Why…does anyone even care about this POS anymore!! My RS 80k shares are basically worth shit and will remain so.
Yep, this is flat garbage! We are beyond stuck!! Shares are worthless!
What?? Why?? Absolutely no reason to throw money at this turd, the writing has been on the wall for a long time now…
I am pleased to be participating having added during the dilution phase. I am surprised that they did not issue more stock during the year long plus offering where they only printed shares right at the beginning. The AS is a lot less important than the number of shares issued at times like this. Time will tell but the unusual amount of shares diluted today suggests to me that we have reached the end. I expect that there are shares left to pay for promotions and we are going to need some of that. There are a lot of investors who bought and dumped at a loss over the years that know all about this stock and will probably desire to make back their losses. The question is if it is really Third Bench or something else from left field and David Fair makes his money and goes back to his kitchen fab work in peace. He certainly has not engaged with investors so far. My guess is that THBD is going to be the hottest NFT Blockchain reverse merger of 2024.
I have talked to Jeff by text, but do not (and will not) invest more in this. I am stuck here as all the old investors are.
So some of you posters have been able to talk to Joe and Jeff C in the past yet you continue to invest in their dilution schemes?
That is the definition of shaking my head!
Those guys will tell you only what you want to hear, not what is really going on. Since practically all their companies wind up at .0001 .
It certainly is an odd company.
They filed with FINRA, it wont show up today. FiNRA filing is the bare minimum for OTC markets, and easier than SEC filing. This company is delinquent on SEC filings, so it would be more complicated and costly for them. For example, the SEC says the ticker THBD is still registered to New America Energy Corp. since they never told the SEC about the name change. No surprise, as this compay always does the bare minimum.
Interesting that today's OS increase is an odd number. Not the usual round number. That is why I predict that he is done. This is the first time the last three digits of the OS have changed since I checked the OS on Feb 1.
AS update without all the Finra and 8K mumbo jumbo that people thought was necessary. Now the process should be clear to investors. I called it within a day. My watch says its very near time for the Big Show with the AS update behind us and what I believe to be the final climax of dilution already in the history books. Probably a few days of meaningless trading at our low valuation that could shake out a few more shares, but its very close. Its got to be a good deal because years of work went into it. No one would work that hard unless they expected a substantial reward.
Like they say: THBD investors Make Da Money!
OS updated to 123,064,230 3/05/2024
Restricted 13,921 3/5/2024
I was trying to remember where I've seen your handle before. We had some good fun on ARYC way back when. This time will be better!
Yes, they can apply for the change at any time, and yes, it will most likely be approved (unless their filings are not up-to-date). It must be done in two filings in this case due to the incorporation rules of Florida. Just filing with Florida will not magically change things on a federal level. Jeff C. is easier to get in contact with. Joe has never responded to me.
SMH at both of your posts. The change of a/s and par value could be one filing or it could be two filings. Doesn't make sense to do it in two filings, but is a possibility. The par value of a stock is set when they go public, the company can change it at anytime without SEC/Finra approval. You can verify that with Joe C., he is pretty open to questions
The par value is based on the SEC determination of valuation. It makes no difference what the state says (from the SECs point of view).
Wrong, it is two separate filings. It is an SEC form 8-K in most cases.
BTW, par value of the stock does not change unless the company submits a amendment to the SOS. No Finra/SEC involved. But in reality, par value of stock is meaningless, unless you are incorporated in state (e.g. Nevada) that charges your annual filing fee by number of share o/s and par value can't be below $0.001 for calculation purposes.
Wrong, the a/s reduction is a simple filing by the company to the secretary of state. SEC/Finra have nothing to do with it. But it is up to the company to notify the Transfer agent of the reductions and send the sec of state filing amendment.
The transfer agent is not involved with the AS change. The company would need to submit paperwork to the SEC / FINRA, and that is the kind of paperwork that requires approval by the SEC / FINRA, since it (effectively) changes the par value of the stock.
With regard to the AS OS updates on OTC Markets you posted
"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."
If that is the case then how does that apply to reporting the reduced AS?
Is the transfer agent waiting for the company to notify them of the AS change? Did the transfer agent forget? Was the AS reduction cancelled and we are waitiang for Sunbiz to catch up?
Is there a risk of liability that grows by the day?
When do you expect the Transfer Agent to report the AS order of magnitude reduction if indeed it has been reduced?
Yep definitely bearish on this POS!!!
They will run this bitch down to no bid like you said. Criminals. Maybe they even declare bankruptcy and screw everyone that bought it on the way down. I like the little red bear faces, they're cute.
How much more can this turd be diluted, squeezed, scammed, reverse split??? It’s already less value than dirt…..
I truly believe this, unFAIR has never said a word, there isn’t enough pumping in the world to say this POS dog shit turd.
He never left. He's been the guy behind the scam all along. He just "creates" a new CEO to replace the old CEO and reinvents the scam.
According to everything I’m reading, David Rees is still involved with the company. Some recent Yelp reviews have confirmed this and I thought he was prohibited from being involved with a publicly traded company. Could be wrong though.
I'm sure Fair is looking for a way out. But if he sells it back to Canouse, Fair looses all the assets he had when he came into this. Maybe he doesn't care at this point though.
Their website has been down for a couple of weeks now, so maybe they are ready for bankruptcy filing.
In hindsight you can see why the MM’s discounted the post split price from .05 to sub penny so quickly . They knew about the massive dilution that was soon to follow.
At least another 6 million shares today. Like HVCW, I’m guessing the CEO here did something that royally pissed off Canouse and they are giving him the full dilution treatment right now.
The underlying business and the stock price have detached from one another (and has been for quite some time). However, the business is so heavily leveraged that it probably has negative equity at this point since they owe so many lenders and vendors so much money. Add in this EEOC lawsuit and there is no way out imo, except to file Ch. 11 .
After the failed RS I barely own any of this garbage!!!!
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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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