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Please see sticky, Linked In connection to our new CEO!!!
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=166793910
$NECA
Current $NECA CEO David Fair Experience
New America Energy Corp
Chief Executive Officer
Company Name New America Energy Corp Full-time
Dates Employed Nov 2021 – Present
Employment Duration 1 mo
OTC PINK CURRENT: NECA
Third Bench Holdings
Founding Partner & Chief Executive Officer
Company Name Third Bench Holdings
Dates Employed May 2019 – Present
Employment Duration2 yrs 7 mos
Third Bench (OTC: NECA) is an industry leader that provides quality cabinets, countertops, and millwork throughout the Western and Southwestern United States. Third Bench has been the go-to partner for general contractors and home builders with a high degree of attentiveness at a local and national level.
Managing Partner
Company Name Constellation Capital Group Full-time
Dates Employed Jul 2019 – Present
Employment Duration2 yrs 5 mos
Location Los Angeles County, California, United States
Constellation Capital Group ("CCG") is an investment bank the provides M&A and strategic advisory for the lower middle-market.
CCG has a unique focus on servicing boutique family offices and private equity firms. CCG provides lower middle-market funds with greater exposure to deal-flow and growing their portfolios.
In addition, CCG's family office participates in strategic acquisitions that align with our firm's core values and long-term strategy.
Vaughan Capital Advisors
Vice President
Company Name Vaughan Capital Advisors
Dates Employed Aug 2018 – May 2019
Employment Duration10 mos
Vaughan Capital Advisors ("VCA") is a middle-market transaction advisory firm. We provide world-class M&A and strategic advisory services to companies operating at the intersection of media & technology.
With 15 years of experience in commercial/investment banking, corporate development, and deal execution, VCA brings a wealth of strategic and transactional expertise, as well as extensive relationships in the investment community to bear for its clients.
VCA distinguishes its practice by working with founders and entrepreneurs to fully evaluate strategic alternatives prior to pursuing a transaction. With an agreed-upon course, VCA works very closely with its clients to guide them through the transaction process to deal closure.
Auspex Capital Inc
Investment Banking Senior Associate
Company Name Auspex Capital Inc
Dates Employed Apr 2016 – Jul 2018
Employment Duration2 yrs 4 mos
Location Greater Los Angeles Area
Show 1 more experience
https://www.linkedin.com/in/david-fair-71331616/
NECA undervalued and looks bottom is .0007 tests .0006 that's it and at $24M in revs and cash flow positive for 2021 you are right market cap at least straight up 5x current - just fair value.
$NECA
Usually when 100's of Twitter traders come at the company complaining and calling them a scam all at once and shouting at @'s usually backfires and they go silent. Company usually does the opposite of what the hoard wants.
I still think we see the fins this week or some other update, if not just a few more days after that.
$NECA
These are retail sellers mad about a/s raise mm's take their orders they do not allow or disallow anything, most bought at this range or higher, if people are selling below .0006 they are scared selling for big losses to just to get out and save whatever money they can.
Only way this trades below .0006 two ways - some new convertible with an issuance below .0001 or another round of panic sets in and it looks like that's not happening with fins so close everyone still in waiting...
$NECA
$BBIG Company’s Quarterly Report on Form 10-Q is filed with the Securities and Exchange Commission on or before November 22, 2021.
https://sec.report/Document/0001493152-21-028036/
The last 8-K said they would be releasing earnings on the 22nd.
So next Monday it is.
$BBIG
Just to give you an idea of the people selling here, I say more acquisitions coming that's why the share increase, they say better not be another bowling alley, the complete lack of DD here still think this is NECA title loans, Third Bench is a cabinet maker aiming to be a nationwide company!! Bowling alley's, Canouse clown show is over.
Having a similar problem with a big board reverse merger BBIG worth $6 billion, because Ted Farnsworth was CEO once and of Movie Pass everyone f'd over by him are shorting, accumulation is like -1B people daytrading .10 and dump, what a shit show, shorting it to crap.
New company's taking shells from real pos stinking trash CEO's I guess it takes time to wash off the smell.
I think both are big winners long term even though now they look like complete trash.
$NECA
For TDA Apex trader and Fidelity active trader free wires all day long. Strangely ACH on TDA is a one day hold for stock options and otc. If I trade an otc stock on TDA full balance is immediately available, I can wire back to Fidelity no minimum.
If you trade frequently you should call and ask about these programs. It's not balance contingent.
Tha5s how it works on paper, the public company acquires the private company bringing them public by exchanging preferred shares for ownership.
$NECA
Its a reverse acquisition, Canouse is out, well advising, but there will be a name change and ticker change.
Have you never heard of a reverse acquisition.
Private company wants to go public, finds trading shell like NECA and buys it off ex slimeball CEO's who for the most part are share selling con men.
Yes, it happens all the time. The private company takes over and the old either gets absorbed or dissolved.
Here is some education materials.
https://www.investopedia.com/terms/r/reversetakeover.asp
$NECA
Fidelity has a limit 9,999,999 but TDA I have no problem buying or selling 20M plus at a time ETrade as well.
After reviewing my DD I am more bullish than ever!
$NECA
From Q&A see bolded for people who need additional guidance for basic DD
Will there be a share buyback for NECA holdings?
We do not anticipate a share buyback. All capital shall be used for additional accretive acquisitions.
https://www.otcmarkets.com/stock/NECA/news/Third-Bench-Q--A-From-Emerging-Growth-Conference-Highlights?id=318379
Third Bench financials will be in the annual.
Yes, we will be reporting our operations on the New America annual filings for the year ending August 31
https://www.otcmarkets.com/stock/NECA/news/Third-Bench-Q--A-From-Emerging-Growth-Conference-Highlights?id=318379
Yeah people are just crazy this is the bottom they are selling of cash flow positive company with $24M revs 2021 and looking $50M 2022 and looking to be #1 cabinet maker nationwide, lot's of companies to acquire to get that position.
50B AS for acquisition. Plain and simple.
$NECA
Can't wait for the SEC investigation into the multiple alias ruse you purport is going on here, all the DD on Third Bench and David Fair is easily confirmed. Not just from imagination.
https://www.otcmarkets.com/filing/html?id=15319287&guid=yjtwkKKtdhZ1dth
$NECA
While some people are dumping some people are slapping.
Amazing action.
$NECA
I guess so the golden deuce lol.
It will be fine, just get this day over with and get those fins hopefully first thing next week.
People freaking but the company is cash flow positive, they will not need more toxic financing, shares are for future acquisitions across the U.S. Think they should have said that in one of the pr's or q & a's.
Peeps are overacting but also looking to get lower trips of course.
$NECA
I agree but he isn't CEO anymore.
$NECA
Sharks smell blood, need those fins next week, should put a rest to it, maybe a pr or Tweet on AS, obvious they want to acquire everyone in their way they need shares to do that.
Cash flow positive company AS not increased for rinse wash repeat, feel like this can all turn with fins coming before end of month.
$NECA
Both probably, really should have pr'd with reason not to sneak in there. But hey we know they are acquisition aggressive makes sense.
See any avg trades, if not mostly retail dumping.
$NECA
I think it's .0007, the last know dilution was the offering and shares were purchased at .0005 so maybe .0006 but thinking this is where it was the last two times.
Fins likely next week.
$NECA
I would say so, really got to do a 180 here, $10M over 12 months is not so bad over penny with volume. But at this level for sure no bid over the year, really like to see a run up here rather than the latter.
It really looks like Southridge probably forced the contingency. If the stock doesn't move up, you'll get .0005's in December.
$NECA
Agreed.
$NECA
PAUL is sitting at .0007 could be one last flush here before end of day?
$NECA
For sure, confusing what the shares could be, has to be preferreds we shall see, hopefully Canouse as advisor got the whole dog and pony ready to go for Third Bench for fins and next acquisition. He has many multi baggers under his belt.
$NECA
Yes, exactly they said they weren't planning, I would assume next level of course one will be needed later to achieve price requirement for exchanges.
$NECA
200 million + since October, what the hell are they. Also huge 50B AS for acquisitions and assume contingency for the $10M - 12 monthly tranches payments to Third Bench if stock doesn't move after fins and next updates.
Holding till I see fins at least.
$NECA
I think we all are waiting for the filing coming in a week or two to see what this activity has been the past few days, avg trades, PAUL market maker, since they said they paid off all convertibles and closed dilutive offering form 1-z it could only be some kind of preferred convertible, but just guessing here.
New America Energy Eliminates Roughly Three Million in Debt Including All Variable Convertible Notes
Press Release | 08/02/2021
NEW YORK, NY / ACCESSWIRE / August 2, 2021 / New America Energy Corp. (OTC PINK:NECA) through its recent acquisition announces that the Company has eliminated nearly One Million in variable Convertible Notes and other Liabilities.
https://www.otcmarkets.com/stock/NECA/news/New-America-Energy-Eliminates-Roughly-Three-Million-in-Debt-Including-All-Variable-Convertible-Notes?id=314292
Dilutive offering exit from, I would thing funds used here was to pay off some of the debt above imo.
https://www.otcmarkets.com/filing/html?id=15257338&guid=yjtwkKKtdhZ1dth
PAUL is on the bid at .0007 which is interesting, they know the run is coming in days and maybe a dump coming, scared, dumb money may dump as well, hope not but wouldn't surprise me, like to see the financials or update by end of next week.
$NECA
Noticed JANE was back
$WDLF
Interesting, from StockTwits
http://stocktwits.com/Stockedwithstocks/message/403814218
$$BBIG
Looking stable after this morning dump, not a bad loading day after that, hope to get that financial early, would be great at least by end of next week or earlier.
$NECA
NECA Verified profile update on otcmarkets.com, contact email updated.
Next update company officers, board of directors.
NEW AMERICA ENERGY CORP.
175 S. Main Street
#1410
Salt Lake City, UT 84111
thirdbench.com
+1 770 235 6053
info@thirdbench.com
$NECA
You're right, like to see most of them out in the next few ticks to .002's people holding for more at least take profits in the .002's while this get to .003, .004 then consolidate for next leg ideally.
In the mean time not moving apparently until this 25 million share whack a day dilution trades end. Whatever it is.
$NECA
Definitely.
$NECA
L2 Looking much thinner.
$NECA
Nice.