This nonsense gets so repetitive. Is there any way the four of you can stop posting for 48 hours or is the goal to see who can drive away the most eyeballs?

There are just too many brewery, almost 10,000 to choose from. After awhile a brewery becomes a flavor of the month. This article fairly explains how rough it is out there and many breweries are just struggling to survive. Awards or no awards.

https://commercialobserver.com/2024/01/craft-beer-closures-2024/

Beer sales are going to save anyone these days. Have you seen how many brewers, especially craft brewers, have gone out business or filed Ch. 11 lately. And there are still too many players in every market fighting for a decreasing piece of the pie. 1812 is no different.

$312 purchase on the ask slap….guess the whales are moving in…..whatever.

What is going on in the restaurant has zero effect on the stock and vice versa.

The attorney was using the AS and OS from the period end date as of 11/30/23, the day of the last reported quarter ended. For reporting purposes, nothing was outdated.

Today’s OS shares counts are almost 400% higher than the 11/30 figures and almost certainly going higher.

Attorney letter is out …

https://www.otcmarkets.com/otcapi/company/financial-report/394706/content

379,000 share block trade after hours (sell) amongst many other smaller block trades. My feeling is this stock price will continue to trend down towards 2 cents in the coming days.

After offering and assuming underwriter exercises his overallotment, OS increases from 42 million to 182 million shares.

Company has already approved a reverse split if it does not meet Nasdaq compliance on price (6 mo extension just granted).

R/S ranges from 1:2 to 1:500.

AS remains at 2 billion. Lots of preferred stock that can be converted to common.

All this to pay Harry’s other company , IMPP.

Here is what shareholders of reverse stock split hope to see: 1:1000 , the stock becomes 10 cents.

The actuality of what happens on Trillium companies that do R/S. The stock takes a massive dump in price in the first fees as MM’s see how many shares Trillium (and others) need to sell.

Look no further than THBD which did a 1:500 RS recently. Shareholders were stoked to reduce OS to 25 mil shares. Within 2 months, share count has grown to 125 million. AS did not change initially, stating at 50B. Then they changed it to 5B shares. OS 1:500 , AS 1:10 .

I expect a similar outcome here. The underlying business may be making some money but the stock is just a means to attract investors money with zero chance of real appreciation (other than playing the bigger fool theory). Cheapest and perhaps only way for company raise money.

For the most part, that money was already owed to the Plaintiff when Third Bench took out the short term loan. The company violated terms of the repayment to the Plaintiff and stopped paying.

The fact that no one involved in Third Bench thinks this is material enough to be disclosed is another failure of management.

So you knew nothing about Rees before you dumped some money in this stock? Google his name and you’ll find that he was involved in a penny stock promotion about a decade ago and he was barred from being involved in future public companies. His name is all over the creation of the Third Bench LLC . Why do you think he is listed as a defendant in most of the lawsuits involving the company?

I don’t know Handley from a hole in the wall but you can also find out she has kids with disabilities. Was she conned by Rees as well (misrepresented his past)? Don’t know, don’t care. IMO, she is just a silent partner so her boyfriend can evade the SEC. Unfortunately she will suffer the same fate as Rees, who hopefully won’t leave her holding his bags. Love is blind sometimes.

IMO, what a lot of wasted effort on both sides for a trip 1 stock. The stock is simply a vehicle to occasionally raise money thru S-1 offerings. Where the money goes it anybody’s guess at this time but it certainly does nothing help the stock.

As a general rule, any company that has Hicks involvement (either currently or previously) is one to stay away from given his track record. He is not there for price appreciation but rather to convert his loans into an inordinate amount of shares and the price goes lower and lower. This wouldn’t be his game plan if he wasn’t making a boatload of money doing so. In the ten years I have followed Hicks companies, 99.9% of them wind up in this situation. And the same silly arguments between board posters ensue for years.

Don’t know much about Scozzafava but his public company track record isn’t a world beater. Anybody who converts all their common shares into a Preferred Note months before a S-1 filing certainly knows that common shares will be diluted in the future. It’s a lot easier to look after yourself when you own Preferred. It seems shareholders are last in the totem pole here, no matter if there is a successful business or not.

Good luck to everyone. Nothing will change here because of egos.

I understand that but it’s not kosher to potentially drag her name thru the mud because of her relationship with Rees.

Don’t want to drag her into the conversation any more that what has been discussed. Obvious she is caught up, either voluntarily or involuntarily, with something that Rees may have asked her to do.

That suit is a Merchant Cash Advance where Third Bench failed to pay back or keep up with the terms of a debt repayment .

It comes from both sides. Admit it.

A lot of repeated useless posts here where it’s only purpose is to drive up the daily board post count. If you wisely use the ignore button this board become readable again.

As usual you linked the wrong company. That’s O’Kane Enterprises Ltd in Garnerville, New York.

No relation to Okane Enterprises KLC in West Bountiful, UT which has David Rees name all over it.

If investors thought there would be no more shares to be issued in the future from this company they would be buying hand over fist.

Everyone knows that is not the case when Canouse/Hicks are holding preferred stock.

The Plaintiff was a heavy Twitter poster in 2021 promoting this ticker, likely based upon information he was being spoon fed by KT.

Although I’m not sure why you invest $1.75 million in a penny stock. Got carried away and greed?

If his allegations are true, it puts KT and other reputations further at risk.

https://www.greenmarketreport.com/investor-sues-mjlink-for-bogus-numbers/#:~:text=The%20claim%20alleges%2C%20“Tapp%20and,accredited%20investors%20and%20that%20includes

Bocskor mention at the end.

https://www.greenmarketreport.com/investor-sues-mjlink-for-bogus-numbers/#:~:text=The%20claim%20alleges%2C%20“Tapp%20and,accredited%20investors%20and%20that%20includes

How does Fair get hooked up with someone like Rees? A NY/CA private equity guy and a shady SLC lawyer buying AZ, NM , and UT companies. Like an episode of Let’s Call Saul.

Serious question Tundra. Do you think there is an actual business in operation?

Thanks for clearing that up. I previously thought M Handley may have been Fair’s significant other but Rees makes far more sense. The only company that I know TBI tried to buy was Rasmussen although it’s possible there were many more that were not disclosed.

Sher-wood brothers seemed to have gotten shafted and don’t know if they ever recovered funds from a lawsuit one of the brother’s filed.

The EEOC suit may wind up shutting the company…..

IMO , MM’s sucking some buyers in by raising the bid/ask to create the illusion of strength in the stock. As we all know, note holders hiding in background waiting to sell.

What they keep changing (or updating) is the dividend, voting, liquidation, and conversion rights of Hicks and Canouse’s(Jeff and Joe) preferred stock. Probably due to Third Bench’s default on two notes.

All that work to keep the company at breakeven then they default on two convertible note to Canouse and Hicks.Which of course is never good for shareholders.

NOTE 13 – DEFAULT PROVISION ON CONVERTIBLE NOTES
The notes issued in July and September 2021 have step-up provisions which allow for the notes and accrued interest to be stepped up by 50% once these notes are in default. This occurred in the current period and as such, the face value of these notes and accrued interest was increased by approximately $460,000 and $100,000, respectively.

If you look at the last page of the report you can see the damage cause to shareholder from the conversion of preferred shares. The company spins it as they are retiring preferred debt. But in actuality it is costing shareholders significant common share dilution . 10,000 - 16,000 common shares for each 1 preferred share retired.

The last two share increase updates have occurred about 5 days after the shares were traded in the market.

I find it very odd that no one has mentioned that the exactCar (eCite dealership) location in Cerritos, CA that was so hyped in March 2023 has permanently closed.

Pretty likely a six digit price for 4 million + shares was a dilution trade. We will know in a few days.

Any company that had to make deals with Trillium is going to get diluted down to .0001 . Which is what happened.

As of last Q report (9/30/23), Trillium was still owed about $300k + they were to be awarded at least another 800 million shares. Almost six month later it probably still hasn’t been resolved and the company will owe Trillium even more shares .

4 million share dilution trade just before the close yesterday. Hundreds of millions of shares left to go, if not billions!

Since OTCN is the main MM thru which toxic shares are traded thru it comes as no surprise that they have shares available at .0008 .

We intend to use the net proceeds from the sale of the securities offered by this prospectus for capital expenditures, including for payment towards the $38.7 million remaining purchase price for the Aframax tanker we acquired in July 2023.

======

Because they are “making so much money for shareholders” from the underlying business they have to go to market to raise additional funds so they can make the payment for the Aframax tanker. Is that tanker Harry sold to them?

Greek shippers continue to prey upon American investors. Bait and switch.

Actually the last three digits stayed the same on the OS.

OS updated to 111,989,230 2/27/2024
Was 103,989,230 2/26/2024.

123,064,230. 3/5/24

Sounds like you are trying to convince yourself to hang in there by coming up with these nonsensical theories. Good luck to you.

So some of you posters have been able to talk to Joe and Jeff C in the past yet you continue to invest in their dilution schemes?

That is the definition of shaking my head!

Those guys will tell you only what you want to hear, not what is really going on. Since practically all their companies wind up at .0001 .

OS recently increased from 2.831 billion to 3,105,704,056 so at least we know where the shares are coming from.

I see six or seven 1MM block trades, all at the bid. Either someone is selling at .0008 or someone is bid buying at .0008 .

Hope you remember what I said previously. If the MM is letting folks buy at the bid, then it’s very likely they have more inventory that you can’t see that they need to sell eventually at lower prices to entice more buying (and so on and so on).

According to everything I’m reading, David Rees is still involved with the company. Some recent Yelp reviews have confirmed this and I thought he was prohibited from being involved with a publicly traded company. Could be wrong though.