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No, but he is one of the debt holders, so he has some pull.
Not sure Berman can afford the attorney...
Jeff sure does (and Joseph). That is their cash cow. I will do some sleuthing on Fair.
That's a possibility. He has responded to my texts in the past.
I'm not holding my breath for an answer, but you gotta try you know.
EVERYONE NEEDS TO EMAIL THIRD BENCH NOW
I have emailed them several times with no response. If we all hit them daily with emails maybe they will get their shit together. Below is the email I have been sending weekly. Feel free to copy and paste and put your name on it. If anyone gets a response from the company, please post it here.
You should email David Fair (CEO)- DFair@ThirdBench.com , David Greig (COO)- DGreig@ThirdBench.com , and info@thirdbench.com
Hello,
As a concerned long term investor (many years now), I implore you to reduce the AS value to 100M shares. This should have been done with the reverse spit. Having a 50B AS value signals to new investors you plan on diluting the share price into the ground again, and is not helpful to existing shareholders like me.
You can always increase the AS value later as needed for offerings. You will make more money per share on offerings by maintaining a higher share price, rather than just shoveling tremendous amounts of shares into the world at $0.0001 per share.
A huge improvement in the image of the Third Bench could be made by applying for OTCQB status. A minimum share price of $0.01 is required, and the filings are a bit more involved, but it could draw in far more investors.
Also, the lack of news through appropriate channels in the last few months has been disheartening. Twitter (X) should be used as a supplemental news channel only. OTC Disclosure & News Service and Accesswire are the appropriate venues for company news, which should be posted at least once per month to inform investors (existing and potential) of company growth and operations.
I believe Third Bench has a tremendous future in store, but the company must perform better in the investor relations department.
Thank you for your time,
It seems to be only on transfers over $2K, but yes, ridiculous. They will make commission on my OTC orders anyway, why put an extra charge on it?
Everythings gone to crap. Etrade takes 3 days for a transfer, and charges $55 now since Morgan Stanley bought them. It used to be free and instant.
I have seen way bigger pieces than this, but I ditched them long ago. But I have too much tied up in this one to just dump it.
But yes, awful management, horrible communication, and the (basically) newbie to OTC's David Fair has not learned a damn thing so far about even attempting to run a public company. All OTCs dilute, but damn, at least pretend you aren't going to dilute, pump it with news and a good AS, and then (gently, slowly) dilute, because you will make more money as you move shares out into the world. This dude has not even tried.
Buck up, Keep Calm and Carry On, Other soothing things......
As long as they don't instantly start diluting as soon as the "D" drops off (they can't change share structure during the transition), we should be OK.
Or, maybe we are Fu...d when the D drops off, and they put out an offering for 1B shares. I am in the same boat here. Have oars and life-vests ready. My shares are (essentially) worth nothing at this point, so I really won't loose any more money, so I am hoping for the best.
6 years is "a while". The OS was lower then, and Berman put out news through proper channels back then.
Go 3's go!
Nice. Now this idiot Berman needs to get his filings up to date.
Did you get some more at 0.018? Watching the L2 we might get through the 0.018 ask price point today. There is a pile sitting at 0.02 (73,840 shares).
The OS is beautiful. They need to fix the AS though. They should have reversed that too. Otherwise it signals to investors that they are going to dilute it into the ground again.
If they had changed the AS, it would be 100M shares, which is still really low for an OTC stock.
It's a great price to buy it!
It's interesting that even with ~130K of volume, the 0.018's ask size barely moved. It was 30K at 0.018 this morning, but only went down to 20K shares by the end of day, even though there was a 62.3K share trade at 0.018, I suspect most of the trades we are seeing are broker to broker, with very little retail involved.
I am hoping it gets better after the D drops off. They still need to fix that AS though!
C'mon Tad, need some news.
The L2 looks weird. Some brokers unreported or not updated. I guess that is expected during the transition period though, and should straighten out when the "D" drops off.
We're just burning off the impatient shareholders. I don't think we will see any real movement until the "D" drops off 11/2. They need to fix that damn AS!
Movin' today! 😀
Yay! They need to fix that AS. That's like a big sign saying "we are going to dilute this into the ground again"
Annual filing out now-
Huge reduction in derivative liability, so that's good.
https://www.otcmarkets.com/otcapi/company/financial-report/383565/content
Yes it does. When it gets back up to 0.05, that'll be even better, because then I only need 9X from there to break even LOL.
Bond market is closed, stock market is open. Columbus was quite the trader.
Bid price increased this morning, so that's a good sign.
I agree. I suggest $TURD. Takes the guesswork out of it. JK. Still, they need to get back to OTC Pink, and a ticker change would be great.
I would love to see a "attorney letter" sometime this week so we can get back to OTC Pink! That would help.
I like the way you think 😀
Me too. Actually I had my old sell order set at 0.02. Not that it would ever go that high, but it was more like a placeholder order that I could change to a market sell order real quick if needed.
Nice! I think there just aren't enough new retail in it yet to stabilize the price. I (think) the price will slowly climb back up to $0.05, but at the moment we have this really large spread (which often happens when the OS is so tiny). I think most retail are avoiding this at the moment because it is in transition and has the extra letter on it. I know I have always avoided those stocks until the extra letter drops off.
I'd feel way better at $2 !, but, ya know, baby steps.
Lets see a close at $0.02 today. That would make me feel better.
Hell yes! Let her fly!
$0.02 Yay! Movin' up in the world. Long way to go though. Still a lot of broker-to-broker transactions, but that is expected until the "D" drops off.
Reverse Split 101- Reverse EVERYTHING!. This AS will not help pre-split investors. If they don't fix it- I just looked and I (literally) own 0.563% of the entire OS of this company. It doesn't sound like much, and I am sure others own more than me, But I can crash the price to $0.0025 with one market sell and a mouse click at the moment.
But - with the tiny OS we have, all existing investors should set a limit sell order at $2 or higher. The OS we have can support that (if they get their shit together and get the filings up-to-date). This will help "Pull" the share price up because no existing investors are selling at lower prices. WE SET THE ASK PRICE. WE CONTROL THE MARKET PRICE.
These C***suckers need to fix the AS now. Still bullish, but the bull has big horns, which may get caught up on fences and stuff occasionally.
Lets hope it gets fixed. I'm hoping OTC has the wrong data.