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I'm sure Fair is looking for a way out. But if he sells it back to Canouse, Fair looses all the assets he had when he came into this. Maybe he doesn't care at this point though.
Their website has been down for a couple of weeks now, so maybe they are ready for bankruptcy filing.
Lets hope he pumps this up to $1 per share so I can make some money!
Everyone needs to see the garbage this is so they don't waste their money.
They need to put some brownies or oatmeal cream pies in there, I would love that. 😛 Now I'm hungry.
He needs the cookie jar to stay full, so he can take more cookies. If Fair won't put out news, Canouse(s) will.
From Joseph Canouse on X -
$THBD reduced authorized at state....to 5bb from 50bbhttps://t.co/T19dIxOpLv
— joseph canouse (@joecanouse) February 26, 2024
They must be trippin' (cause we in the trips now).
Total cluster...☠️
Its a big piggy bank for Fair / Canouse. (Honestly) I would do the same. Why care about investors when you can just dilute / reverse split endlessly? I wish I would have thought of it. I'm amazed it's legal.
I was curious about that too. I just noticed it yesterday. They are either up to something good, or they just don't care and stopped paying the service provider. My guess is the latter, since it has been over a year since they put out news, and stopped Tweeting (X-ing?) a long time ago.
OS updated to 111,989,230 2/27/2024
Was 103,989,230 2/26/2024
An award for worst communication also, i.e.- none.
I mean- "interesting" in the way a train-wreck is interesting.
It's interesting how they seem hesitant to burn through all the $0.001's They always leave some there. Maybe they are not desperate enough (yet) to go lower.
They will update once they have moved their share quota for the day / week. Otherwise they just report the same number as the last update.
Dilution doesn't change the AS (only the OS would change), but yes, the OS is the same, until the TA decides to update it. They usually wait until they have moved a predetermined number of shares. Otherwise they just give OTC the same number as the last update.
Reduction in restricted shares-
761,919,904 2/22/2024
761,994,904 2/21/2024
I think they would have to put out an attorney letter to be current, which would be required for a FINRA filing to change the AS. So, yes - letter - OTC Pink - AS reduction. But who knows how long that will take?
Me too. At least retail won't get duped out of their money in grey or expert.
They should be close to that moment (any intelligent person would be). At this rate we would be at $0.0001 in 6 months, and an OS of 200M. Once they get to $0.0001, then they would only make $480,000 diluting up to the 5B AS (yet to change on the federal level).
At some point, they must realize they need to put out news and updates.
Yes, clearly, considering the volume yesterday and today.
OS increased to 103,989,230 2/23/2024
Was 88,064,230 2/22/2024
No news since 2019! Garbage.
That was my thought also. I have seen many times the price crash pretty quick from people that sat on a stock for so long and want to get their money out. But- at some point it levels out, and (with news) new buyers come in and push the price up again. OS will be pretty low for an OTC stock, so that helps.
With news we could push up to $1 pretty easily from there. If he can maintain at least $0.01 for 30 days, he could get onto OTCQB if he wanted.
Some dilution today maybe?
I'll take a good meme / Twitter Kids / speculation run any day. I've made good money off those on other stocks.
Maybe. Who knows with them. They can increase it any time with just two filings (not sure how much that costs), so if they were smart they would just reduce the AS to 250M now as a show of good faith, and increase later if needed.
The agents move shares as they are told and update as they wish (within a reasonable time, which for most companies is one week) They don't work for Third Bench, they work for the money the transfer agent company pays them.
They should. They moved a bunch of shares today, so my guess is they will update the OS and AS at the same time, but I think they need to do an SEC filing to change the AS (not sure) since it is a corporate structure change. The link you gave was for Florida, which would be required also, but SEC / FINRA (OTC) need their own filing of AS change to make it legal on the Federal level.
Yes, and the agents that work for Empire Stock Transfer don't work for Third Bench. It works just like your car insurance company- the agent that represents you does not actually work for you.
It's a freaking miracle! They finally pulled their heads out of their asses. Now we know they will only dilute up to 5 BILLION shares (at first) LOL. Maybe a PR now? I'll start holding my breath now....
This galaxy at least.
C'mon Tad, give us something.
I think Nevada gets that award. But Nevada, Wyoming, and Delaware are the most business friendly states, and in both Delaware and Nevada, you can incorporate and receive tax benefits without actually living or operating your business in that state. In Wyoming, most tax and other benefits are for businesses operating within the state, so you would be better off launching a remote business in Delaware or Nevada instead.
That implies they have brains! Don't think they do.
Total train-wreck of a company!
Scamsville. Where is that PR?
No, they don't. The company says "move X amount of shares", and it is up to the transfer agent to notify FINRA / OTC Markets of the share structure change.