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Sure, someone is buying the shares, but if they keep diluting, then someone just wasted money and they could have bought lower.
And you can't "accumulate" shares that have an endless supply because they eventually have no value.
Dilution machine rolls on...
Just when it looks like it is starting to recover, they dilute. Driving me nuts.
A real PR? A Festivus Miracle!
Total garbage.
Another dilution day. Merry Freakin Christmas to us.
If they reduce the AS, then I'll be excited. Still no news. Not even a "Happy Holidays".
OS increased to 39,418,397 12/21/23
Restricted - 13,921 12/21/23
It's Fair to say- It's a Canouse-trophe.
Each shareholder deserves a cake. It will give us strength for kicking.
He needs a kick in the Canousicles.!
Totally. They don't even try any more. When Fair first came on board, they put out news and (pointless) tweets. Total silence now.
Dastardly dilution duo.
Fair is smokin' something, no doubt.
Swirling the drain.
OS Increased to 35,888,986 12/14/23
Was 32,663,986 on 12/08/23
Not as bad I thought it would be. Still feels bad though.
C'mon Tad, give us a Christmas present!
Sudden surge in volume there. People really want 1's today.
Lets hope so. Tanking fast here.
It could be one of the many debt holders converting, but either way, the OS goes up.
Annual report out now-
https://www.otcmarkets.com/otcapi/company/financial-report/389201/content
The vast majority of the "selling" is the transfer agent moving shares onto the market through OTCN (diluting). The OS was 32,663,986 on 12/08/23. We will see how much they have diluted since then the next time they update it, but my guess is we are around 40M now.
Don't get me wrong, that is still a tiny OS for an OTC stock, but unless they balance out the dilution with news that brings in new buyers (buyers that buy at the ask price), the price will continue to drop.
Filing due today, yes? Not that it helps us in any way, but the hope is they put out news afterwards.
OTCN is off the L2 (ask) for now. Hopefully they are done diluting for awhile.
No words. Total garbage. Money flushed down the toilet every day.
Well, in a few months for sure. EOW is a bit pessimistic, but a flaming turd pile she is, no doubt.
Garbage company. Just awful.
OTCN on the L2 again. Gonna be a bad day.
Any sign of life (other than dilution), will be good.
I'm amazed this hasn't been kicked down to expert market yet.
OTCN disappeared now. Just here long enough to do some damage. Without news there is no way to overcome the dilution rate.
Dilution is always interesting.
OTCN on the L2 again. Bad news.
I'd have a shitload of dimes myself. I see no reason, (without some miracle) for anything good to happen here.
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.
OS increased to 32,663,986 12/6/23
Was 31,363,986 11/27/23
Dirty bastards.
I knew about that one. Contract disputes are pretty common in business. When the Feds get involved though, that is a different ballgame.
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
OTCN just went away from the L2. Dilution is done for the day.
OTCN on the L2. More dilution today.