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No bid coming for the 2nd time!!!
Dozens of warnings the last two years yet new folks keep buying and then wonder who the heck is selling shares.
When you see the name Jeff Canouse and Joseph too now?…even if the float is 1m at 0.0001 don’t touch it.
You have been warned.
Ouch, tripzz .0006, ceo a piece of SHIT!!!!
Dump day today. OTCN completely off the bid at the moment. Dilution machine rolls on...
In the Pink soon. In the stink now. Still no news.
Yep Clown Central Circus Coo Coo’s!!
You seen so sure about what they will do. That nothing will change. I on the other hand note the filings and attorney letter and Pink Current probably on Monday.
When they stop diluting, they remove themselves from the ask. That is what they used to do when they started showing up months ago. They will be back.
People here have posted that OTCN is the diluting market maker for this ticker. Interesting that they are on the bid at .001 and not on the ask.
The attorney stated that the AS is. And the OS is...and the letter was dated. It is in error. I am not concerned but the fact is that he did not qualify the values by stating when they were valid. A more interesting question is why the stock isn't Pink Current today. Other similar situations have gone current overnight.
lol!!!!!!!!!!!!!
OTCN moved their bid up to $0.001 this morning.
The attorney was using the AS and OS from the period end date as of 11/30/23, the day of the last reported quarter ended. For reporting purposes, nothing was outdated.
Today’s OS shares counts are almost 400% higher than the 11/30 figures and almost certainly going higher.
THBD should be Pink Current Friday morning. That's great news. I had considered the possibility of a string of attorney letters to add to the delay but apparently with today's dilution and the letter The Brothers and their business partners are ready and to their credit they have invested years of effort in the preparation so one has to expect some fireworks.
It seems like it is time for some news.
It is interesting that the final dilution came concurrently with the attorney letter. Also interesting that the lawyer used way outdated AS and OS values in his letter. At this point it just doesn't matter because the Transfer Agent has been posting the correct values on OTC Markets almost daily and that is where most investors look for that sort of data. My guess is that when they reviewed that letter the company felt that it was not worth the cost of having it revised.
https://www.otcmarkets.com/otcapi/company/financial-report/394706/content
Finally... Damn. Lets get some news now.
Attorney letter is out …
https://www.otcmarkets.com/otcapi/company/financial-report/394706/content
They have billions more to sell you! I have a bridge I can sell you while you're buying stuff.
Glad I got the 7's while they were on the ask last week! 8's almost gone now.
They have endless shares to dilute. Luckily, they are not just dumping it down to no bid (yet).
Now 2 weeks of daily updates and no dilution. That's news. Great news! Reduced trading volume further indicates that the old phase is wrapped up and something new is being born. Only 1 market maker was left on the ask at .0008 all day today. The others were stacked at increasing prices. Attorney letter and OTC Pink is imminent!
And bankruptcy, and no news or price movement.
They are done! Next up is the attorney letter and pink current.
It'll happen. They haven't been able to move the number shares they want due to no bid support.
Another TA update today and no OS change again. Tomorrow makes it 2 weeks. I guess that they want investors to be very clear that there is no more dilution happening and they are updating daily to hammer home that point.
For the most part, that money was already owed to the Plaintiff when Third Bench took out the short term loan. The company violated terms of the repayment to the Plaintiff and stopped paying.
The fact that no one involved in Third Bench thinks this is material enough to be disclosed is another failure of management.
David Fair and Melissa Handley lost their New York court case and owe $129,000
https://trellis.law/doc/192239184/judgment
I have and it was interesting reading up on Rees and his laundry list of businesses although all are shuttered except Okane according to the Utah SOS. I have not found anything concrete regarding what assets Melissa contributed to the company in exchange for her preferred shares.
I was a customer at that video rental store years ago when I lived at the top of the hill in Bountiful by Mueller Park. 2600 West is the main street that people drive up to get to the residences higher on the hill so I passed the store on my commute from SLC. I was one of the only non Mormons in Bountiful so I didn't fit in well. I hiked to the Elephant rock in the summer and we watched videos evenings and i relocated as my career permitted. I feel like I recognize her photo but it doesn't make sense related to the video store because it was still owned by the previous owners when I lived in Bountiful.
So you knew nothing about Rees before you dumped some money in this stock? Google his name and you’ll find that he was involved in a penny stock promotion about a decade ago and he was barred from being involved in future public companies. His name is all over the creation of the Third Bench LLC . Why do you think he is listed as a defendant in most of the lawsuits involving the company?
I don’t know Handley from a hole in the wall but you can also find out she has kids with disabilities. Was she conned by Rees as well (misrepresented his past)? Don’t know, don’t care. IMO, she is just a silent partner so her boyfriend can evade the SEC. Unfortunately she will suffer the same fate as Rees, who hopefully won’t leave her holding his bags. Love is blind sometimes.
Transfer agent daily update today. No change in OS since early last week. The rumors of continuing dilution are wildly overstated.
Melissa is on the insider 5% ownership list. She and Fair contributed assets and each got a big basket of preferred stock as compensation. She must have owned her asset to contribute it. I want to know what she contributed to the company to deserve that big basket of preferred shares. Was she an owner of Third Bench when it was a private company or did she contribute something else yet to be revealed? It happened concurrently with David Fair acquiring his shares but that does not necessarily imply anything other than that was the time when the deals were made.
I did not make the decision to involve Melissa in this situation. Her boyfriend may have suggested it but clearly she is a willing participant. Its interesting to consider why Rees was willing to share the deal with her to keep his name off of it if indeed he had anything to do with it and to be clear I have no idea if he has any involvement. Only that it has been suggested on this message board. It would be especially unfair to him to include him in any speculation without evidence that he is even remotely involved. If it is really his deal then Melissa must have been compensated for the use of her name and volunteered to be the front woman for the deal.
I find it amusing that you desire to make one of the largest participants in the deal off limits for discussion. If she wishes to be left out of the discussion and is really not involved then she could easily transfer the shares to the real participant and request the disclosures to be updated.
I understand that but it’s not kosher to potentially drag her name thru the mud because of her relationship with Rees.
lol, that’s been said more times than I can count, this piece of shit is going nowhere but further into the abyss.
With the recent updated filings it's time to go Pink Current and get the show on the road.
WHY are we still talking about this turdfest?????
She is a 5% holder and an asset contributor. She is deeply involved. Her involvement in the prior businesses all shuttered according to the Utah SOS shows her depth of involvement. I appreciate you directing me towards her as you did with the transfer agent.
Don’t want to drag her into the conversation any more that what has been discussed. Obvious she is caught up, either voluntarily or involuntarily, with something that Rees may have asked her to do.
That suit is a Merchant Cash Advance where Third Bench failed to pay back or keep up with the terms of a debt repayment .
From the Utah SOS: There is a lot to unpack with Melissa.
OKANE ENTERPRISES, LLC
Update this Business
Entity Number: 10850937-0160
Company Type: LLC - Domestic
Address: 932 West 1850 North West Bountiful, UT 84087
State of Origin:
Registered Agent: VINCENT & REES
Registered Agent Address:
175 South Main Street - Ste 1410
Salt Lake City, UT 84111
View Management Team
Status: Active
Purchase Certificate of Existence
Status: Active as of 06/29/2022
Renew By: 05/31/2024
Status Description: Current
The "Current" status represents that a renewal has been filed, within the most recent renewal period, with the Division of Corporations and Commercial Code.
Employment Verification: Not Registered with Verify Utah
History
View Filed Documents
Registration Date: 05/29/2018
Last Renewed: 05/30/2023
Additional Information
NAICS Code: 5239 NAICS Title: 5239-Other Financial Investment Activiti
<< Back to Search Results
The Rees connection is really strong. This is from KSL local news.
BOUNTIFUL — Top Hat Video had already beaten a lot of odds by May 2020.
The video rental store in Bountiful, which opened back in 1983, had outlasted corporate competitors like Blockbuster and even the shift to streaming services like Netflix. But when the COVID-19 pandemic hit, many customers who previously frequented the small store at 521 W. 2600 South finally switched to online streaming due to health and safety concerns. The business was losing money and owners Lee and Lona Earl began preparing to close permanently.
That's when Melissa Handley and her boyfriend David Rees stepped in.
Handley said her son, Cade, is a Top Hat employee and came home upset one night that the store would be closing. After speaking with the Earls, she and Rees decided to take over.
Handley and Rees' intervention ultimately gave Top Hat about 2½ more years. The store announced Oct. 18 that it will close its doors in December, marking the end of its 39-year run.
Handley said the goal when she and Rees bought Top Hat was simply to break even; but "the pandemic accelerated what was already happening," she said. "Once we reopened the store ... it just never fully recovered after that."
Now, she and Rees are losing more money than they can afford to, Handley said.
I do see several Rees connections to Melissa via several other companies. West Bountiful is a dump. Its on the wrong side of the freeway in the smelly salt water swamps bordering The Great Salt Lake. There is a lot going on in NY related to Third Bench. This case is just one example. Our friends being sued for breech of contract in the New York Supreme court system.
https://trellis.law/case/36069/135245-2023/samson-mca-llc-v-santa-fe-flooring-llc-ll-industries-inc-third-bench-holdings-llc-okane-enterprises-llc-david-robert-fair-melissa-handley-ogb-architectural-millwork
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