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Could be the big one putting them near $50 million in revs by 2022. Fair also said he plans on bringing TB national!!
Third Bench, CEO David Fair states, "I am thrilled to be taking on a leadership role as the CEO of Third Bench and NECA. My passion for strategy, leadership, and the construction industry have taken me many places over the last several years and as CEO I look forward to growing NECA into a national leader in the cabinetry space."
Looks like Twitter pump coming, getting tagged.
$NECA
That's how I read it as well. I think starting today we start to realize that shareholder value.
$NECA
Third Bench DD and links as of 11/2
We believe with our current pipeline of acquisition targets and the robust housing market that Third Bench can achieve revenues north of $50 million by 2022 and become the dominant cabinet supplier in the Southwestern United States.
About Third Bench Holdings, LLC
THIRD BENCH Holdings is a holding company for five subsidiary companies operating as an architectural millwork and dealers in the cabinetry, kitchen and bath areas. THIRD BENCH, through its subsidiary companies, offers products in several categories: Residential Cabinets and countertops and commercial millwork throughout the Western U.S. for customers from California to Texas. THIRD BENCH also provides installation services as a part of its vertical offering. The company provides its products and services through its architectural millwork and retail facilities, currently located in Albuquerque and Las Cruces, New Mexico and Tucson, Arizona. Third Bench employs over 140 people and had revenue operations in excess of $19 million in 2020. Third Bench is on a run rate of over $28.0 million for 2021 and is cash flow positive. These projections have been provided by management and do not include the additional acquisitions that are currently under review.
Third Bench Holdings
175 S. Main Street #1410
Salt Lake City, UT 84111
https://thirdbench.com/
Annual report is due 11/29 but financials will be coming early per ex CEO Jeff Canouse.
Twitter @Third_Bench
LinkedIn https://www.linkedin.com/company/third-bench
Third Bench has jobs and over 140 employees! https://www.indeed.com/cmp/Third-Bench-LLC
Third Bench SEC filings
Departure and Appointment 8-K
Offering completed filing 1-z
Entry into a Material Definitive Agreement 8-K
OTC Market News
New America Appoints David Fair as CEO Press Release | 11/02/2021
Third Bench Acquires Davis Kitchens of Albuquerque Adding to 2021 Revenue Press Release | 10/12/2021
Third Bench Engages Top Accounting and Business Consulting Firms in the Southwest Press Release | 09/08/2021
Third Bench Q & A From Emerging Growth Conference Highlights Press Release | 08/27/2021
Third Bench CEO Letter to Shareholders Press Release | 08/17/2021
CEO Presenting on the Emerging Growth Conference on August 4 Register Now Press Release | 08/03/2021
Third Bench Holdings to Present at the Emerging Growth Conference on Wednesday August 4, 2021 Press Release | 07/29/2021
New America Energy Eliminates Roughly Three Million in Debt Including All Variable Convertible Notes Press Release | 08/02/2021
David Fair Named in 2021 Wood Industry 40 Under 40 Press Release | 07/27/2021
New America Energy Corp. Officially Acquires Third Bench Press Release | 07/21/2021
New America Energy Corp., Signs Binding Letter of Intent to Acquire Third Bench Holdings Press Release | 06/23/2021
New America Energy Enters into Agreement with Auditors, Seeks to Become Fully Reporting Press Release | 06/18/2021
Totally. good company here now, real company, cash flow positive, unheard of revs for a Pink!!
$NECA
These tick flippers need to get cleared, they will now with positive forecast in sight won't be much longer till we break and stay above that 200 day, .0021
$NECA
100% -- Jeff Canouse, NECA CEO, responded, "It has been my honor to be the CEO of NECA for many years. I believe that appointing David Fair CEO of NECA after the merger with Third Bench is a great move for the company and it will be a very positive outcome for the shareholders of NECA."
https://www.accesswire.com/670772/new-america-appoints-david-fair-as-ceo
Third Bench is pleased to announce the appointment of David Fair as the Chief Executive Officer of New America Energy Corp. and the stepping down of Jeff Canouse from his role as the Chief Executive Officer.
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001373853/000139390521000487/neca-20211020.htm
$NECA
$NECA up 25% so far on the day David Fair officially named CEO!!
https://www.sec.gov/Archives/edgar/data/0001373853/000139390521000487/neca_ex991.htm
Boom!! Nice .0013 going!!
$NECA
Looking for more positive outlook on the ticker now that Jeff Cannouse is at least not in control of the stock anymore, let's see some stable price increase over time, stair stepping is healthy and it will get there starting today imo.
--2021 financials reporting.
--Aggressive acquisition company.
--Name change ticker change
Let's not forget Third Bench is cash flow positive, will have mega revenue for a Pink Sheet stock.
Third Bench employs over 140 people and had revenue in excess of $18.8 million in 2020. Third Bench is on a run rate of over $24.0 million for 2021 and is cash flow positive. These projections have been provided by management and do not include the additional acquisitions that are currently under review.
it will move, need buyers not whiners who wants to buy a stock with a board full of whine bags. People are cautious? Do they think it's a trap, maybe waiting for the big dump on news?
I suspect this starts moving, and as it does will have to take out the large retail sellers stacking the ask and be weary of our friendly block trader who is still here who likes to dump the bid.
$NECA
You could tell the dilution was over before then. Just retail after Oct 18th os update and that 1-z exit announcement
$NECA
8-K -- Nov 2nd -- Departure of Jeffrey M. Canouse and Appointment of David Fair
DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS, COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS
Departure of Jeffrey M. Canouse and Appointment of David Fair
Effective October 20, 2021, Jeffrey M. Canouse, Chief Executive Officer of New America Energy Corp. (the “Company”) resigned from his position as the Company’s Chief Executive Officer and Director, and the Board of Directors accepted the appointment of David Fair, as the Company’s new Chief Executive Officer and Director to replace Mr. Canouse on that date.
Mr. Canouse’s resignation was not due to any disagreement with the Company or its Board of Directors.
David Fair is the Chief Executive Officer of Third Bench Holdings, LLC. Mr. Fair is an experienced executive with extensive involvement executing growth and turnaround strategies. He leads Third Bench’s executive management team, identifies suitable synergistic M&A targets, and execute operational strategies. In addition to David’s Operational experience, he has spent over decade is various roles including investment banking, consulting, and strategy.
Prior to founding Third Bench, Mr. Fair was Vice President at Vaughan Capital Advisors, a boutique merchant bank in Los Angeles focused on the entertainment, technology and media sectors. He has also served as a Senior Associate at Auspex Capital and as an Associate at Corner Capital Partners.
Mr. Fair attended the USC Marshall School of Business for his M.B.A and completed a bachelor’s degree from Cal State Channel Islands, where he studied Economics and Psychology. He is part of the 40 under 40 class of 2021 for the Wood Industry.
ITEM 9.01 - FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits. The following exhibits are filed with this report:
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001373853/000139390521000487/neca-20211020.htm
Filing rumored to be this week.
We shall see...
$NECA
Form 10, seems to be a delay, looking at the stock becoming effective 60 days from whenever they file the form.
Form 10 Registration
Unlike a selling shareholders or company registration statement, a Form 10 registration is a registration statement under the Exchange Act, rather than the Securities Act. As such, a Form 10 registration is for the registration of a class of equity securities (typically common stock), rather than for the registration of shares of stock. A Form 10 registration statement automatically goes effective 60 days after filing, triggering a company’s reporting obligations under the Exchange Act. Since a Form 10 registration does not register any shares, a Form 10 registration by itself does not create any freely tradable shares. As a result, a company that goes public by way of a Form 10 usually must rely on the Rule 144 exemption or file a resale/company registration statement to create freely tradable stock.
Spin-Offs
Under a spin-off, a public parent company distributes shares of its non-public subsidiary pro rata to the parent company’s shareholders, thus replicating the parent company’s shareholder base for the subsidiary. Subject to the satisfaction of certain conditions, including the requisite time period under which the parent has owned the subsidiary, the distribution may be exempt from registration under the Securities Act. If the distribution is exempt from registration under the Securities Act, the subsidiary will file a Form 10 for registration under the Exchange Act.
$TYDE form 10 registration statement due tomorrow. We shall see.
$BBIG
Some will be chasing here. "It's happening" low volume, not much action, everyone waiting and watching update is any minute here.
Third Bench Twitter has over 700 followers now.
$NECA
Huge bids in or $5.00 covering. 200K + shares there.
$BBIG
Exactly, lol.
$BBIG
Bottom tested 4 times, bullish island reversal plain as day ln the daily chart, shorts are they throwing their money away at this level. Form 10 registration statement for $TYDE coming this week, but really Lomo is the prize here imo...
The future value here is real.
$BBIG
I say he knows how to make money and I am sure he wants the stock at appropriate pps. Not saying he he is going to turn this into the local electric company stock reinvestment savings plan lol.
I see your points about playing the dilution patterns, yeah Jeff had a couple of ten baggers here, thinking this will be trading in multi pennies as base once the big holders are out on this next run. May retrace back to .005 .004.
$NECA
David Fair's background is with finance, economics, psychology and has held positions in investment banking and mergers and acquisitions.
Should do just fine imo, maybe he'll get some dog and pony pointers from Jeff Cannouse, but imagine he's got this.
https://www.linkedin.com/in/david-fair-71331616/
$NECA
Good deal, should be this week, tomorrow with a post like that.
$NECA
NECA looking ready, bring the updates @third_bench!!!
$NECA
Does look like $5.03 is the bottom on the daily chart, three times.
$BBIG
Yeah I guess it is the week of, Farnsworth said Monday I think so we will see. It's not the 10-K a lot of people thinking that, they report 12/31, it's a form 10 registration statement for $TYDE here is the 8-K. Hope there is something good in there need $10 dollar plus run!!
On October 6, 2021, the Company filed a Current Report on Form 8-K announcing that the Record Date (the “Record Date”) for the TYDE Spin-off Dividend had been changed to October 22, 2021. The Company has elected to change the form of registration for the TYDE spin-off dividend such that it will be filing a Registration Statement on Form 10 (the “Form 10”). Upon successful completion of the standalone audit, the Company anticipates filing the Form 10 the week of October 25, 2021 with a Record Date of approximately 60 days post filing (on or about December 27, 2021).
https://investors.vincoventures.com/all-sec-filings?form_type=&year=2021#document-589-0001493152-21-025792
I wouldn't count it. Good call covering today.
$BBIG
Totally, looking forward to it.
$NECA
Third Bench Twitter up top 572 followers, @third_bench
$NECA
This is all retail flipping for big money, what I initially thought it was. They were always here at these levels, you would see dilution here daily over the summer but the percentage of share increase was low compared to all the tick flippers feeding their families off this cash cow.
In the same period from when the offering was announced it was like 3 billion shares right, the volume for the same period was 12 billion. So quietly people making money here while longs got dumped on no doubt.
Now things are changing, real company coming in, these guys will have to find another dilution scam to feed off of soon.
$NECA
Calling a tick up calling for the moon, tick down calling it a pos syfh must be exhausted, if your tick flipping I get it, otherwise if your bullish and know what you own and trust the process "it's happening".
$NECA
Sanku three gap pattern indicator - indicate a trend may be nearing exhaustion, can be for both down and up trends, breaking backup or down though the third gap is the confirmation for reversal.
Should be noted here second gap closed with a wick, not a full gap fill.
$BBIG
Farnsworth interview with Benzinga You Tube Channel killed the current momentum.
Bottom soon, nothing has changed except impatience. 10-K coming Monday might send this back in a different direction if Lomo numbers are in there.
$BBIG
Looks like another gap down today, reversal next week. Stock is still really undervalued should be even with with just cash they have market cap should be $8 to $10 dollars, not to mention the forward looking projections, possibly $7 billion dollar valuation for Lomo now.
$BBIG
Third Bench taking control, I think.
,$NECA
Absolutely worth way more than the .003, we still had those offering shares hammering us, think it will go much higher this time and with no dilution to crash us back here, could sustain run for as long as retail is interested.
$NECA
NECA breaks 100 sma at .0015 today bullish. 200 is dropped a bit to .0022 heading there.
$NECA
That is very true. I will hold as long and as high as I can though.
$NECA