EEOC Lawsuit against Third Bench and Sher-wood Cabinetry

https://go.gale.com/ps/i.do?id=GALE%7CA760158318&sid=sitemap&v=2.1&it=r&p=AONE&sw=w&userGroupName=nysl_oweb&isGeoAuthType=true&aty=geo

Finding buyers between 50-65 only to see Canouse selling in volume at 45. Death spiral in action.

Canouse is the major debt holder here (and DNA for that matter).

End of discussion. Stock has been diluted into oblivion and will continue to be diluted after the eventual reverse split. Canouse will have to pay for updated filings in order to continue this. Of course that will result in more debt accrued.

If you see Canouse in your stock, run!

Another 153 million shares added to O/S in last two as of 12/5…up to 1.946 billion shares.

Canouse has shareholders backs! Holding them for the backstabbing!

So much for “quiet periods”? Never a dull moment in a Canouse stock, especially at the end of the year.

Volume over 3.5 million shares so far (1.75 billion pre-split).

Looks like we both may be wrong.

This is the OTC Guidelines to remain pink current:

6. Ongoing Disclosure Requirements: To qualify for Current Information on an ongoing basis, companies must:
• Upload reports through OTCIQ on the following schedule:
o Quarterly Report within 45 days of the quarter end
o Annual Report within 90 days of the fiscal year end
o Attorney Letter within 120 days of the fiscal year end
• Maintain a Verified Profile. At least once every six months, review and verify the Company’s profile information through OTCIQ.

Fair wrote the wrong thing. Should have said Annual but I’m sure he was thinking 4th quarter…..as you tell everything is a complete afterthought. Couldn’t even spell ‘requirements’ correctly. Late night filings when you’re groggy .

278 million shares yesterday.

200,000 shares today (so far).

All signs point to Team Canouse selling their converted shares yesterday.

It’s the 4th quarter which is the Annual Report. They get 45 days to file after year end (8/31) which would take them to about Oct 15!when they should have filed the late notice and that would have delayed to Oct 30.

Instead they filed the late notice on 11/29 with a new delayed date of 12/14.

This is how they filed in years past hence why I have been mentioning to expect a report with the first or second week of Dec. it obviously doesn’t matter to them how closely the follow OTC guideline or deadlines just so long as they
EVENTUALLY file at some point to stay off the grey markets.

Shareholders do not matter to Third Bench. Only the debt holders and lenders matter.

Still waiting on the $4 mil from the African miner from a couple of years ago…..even the “posted copy of check” wasn’t enough proof that it was anything but a picture ….

Keeping it in context, only $28,000 was traded today.

Annual filing normally comes out Dec mid month.

Also quarterly conversion of Canouse convertible notes happens around this time too….about $15,000 which translates into 300-400 hundred million shares, convertible at .00005 .

For context, all it matters is at what price you bought in. Some people’s junk could be someone else’s treasure. And you can be certain that you will be reminded about a win in this stock as much as you here folks complaining about it. The nature of the “look at me” crowd.

Nothing really going on here…the initial investors no longer have sufficient funding. That could change, of course.

Acquisition deposit

The acquisitions of Hemp369 and MetaBioGenix have not been consummated at this time but are still contemplated. There are no letters or documents suggesting that any of the parties linked thereto have abandoned the transactions and they will move forward and be completed in the near future. For this reason, all payments from the Company are currently classified as acquisition deposit until legal completion of the transactions. Hemp369 and MetaBioGenix has a total of $385,739 and $54,500 of acquisition deposit respectively as of September 30, 2023.

The acquisition process of Hemp369 and MetaBioGenix is taking longer than anticipated due to initial investors’ liquidity change. The delay could result in the loss of valuable employees, the disruption of ongoing productions, and business relationships, any of which could adversely affect our ability to achieve the anticipated benefits of the acquisition. In order to sustain the paused acquisition, the Company has continued to make payment to Hemp369 during the third quarter of 2023, in the sum of $44,229. The $44,229 is contributing to and categorized as acquisition deposit on the financials. Hemp369 and MetaBioGenix has a total of $385,739 and $54,500 of acquisition deposit respectively as of September 30, 2023.

Right…just like $4 million check from the African miner in Feb 2022….which turned out to be a nothing burger cause no revenue was ever booked.

I’m guessing he met his British hedge fund buddy at a party and is now pretending to live this guys business plans ….

Large infusion of capital? I’m sure that’s free and won’t cause a single share of dilution….

Buying businesses over the course of a year…..means results won’t be known until 2025 at earliest given the glacial pace that SB makes filings.

Final negotiations? Which may take a year or more …

Prove me wrong SB.

All one has to do is read his previous Twitter posts to see where his new story will lead.

Same place imo…nowhere.

To give some context, almost 1.65 billion shares traded today (pre-split). Hard to issue an S-1 when price is tanking like this. Because a company has to give a huge discount to get folks to be willing to take a risk.

Expecting Annual Report first week of December.

In your dreams…lol.

Love how some of the long suffering shareholders smell the opportunity for someone else to take their shares off of them….finally!

That is a good call too. It’s the only way he personally can make money as he ultimately chooses where the money is spent even though he will claim it will be spent on operations.

Nothing matters if the herd decides to move into a stock. Fundamental, technicals, etc. The issue here is you have toxic financier who has hundreds of millions of shares that he is waiting to sell from a conversion price of .00005 and below. He is waiting for buyers to unload on. If you haven’t experienced a Canouse stock before, welcome to the jungle!

The ONCI ticker is toxic due to it’s relationship to Canouse/Hicks.

Every year Berman tries to pump his “business” yet nothing concrete (more like slurry) comes of it. He wrote off both of his “investments” in Cogosense and Sifthouse likely because they were phony in the first place. His investment in FMS is his own company with a wildly inflated value.

You can also expect about 400 million shares to be converted from toxic notes each quarter.

But hey it’s your money and Canouse can’t wait for you to invest.

When the money runs out, I predict that Bobby T makes a return appearance. He knows that at least some of the penny stock followers he conned before would do the same to others in order to get out their positions. Play on their greed.

Eventually another company gets reversed merged into this ticker, renamed, and a symbol change. There will also a reverse split as there are hundreds of billions of shares that can be converted down the road.

Maybe we will hear about all those deals he “signed” in Europe in 2022 that no revenue was delivered in 2023 or all the franchises he was looking in 2023 but never pulled off a deal.

Remember all the MM shares that were bought at .0000001 that are now being sold at .0001. SB’s Black Friday gift to the MM’s imo.

Seems pretty easy to figure out the the company lost almost $400,000 from operations during the quarter.

Net income was bolstered by the sale of 950 Evernia which resulted in $2.5 million gain on the disposal of the property.

If Mr. Leon is planning on selling property every quarter for a gain then that is a plan of sorts, but he is not doing that. And where did all that money go? To some debt holders …..

The underlying treatment business is stagnant and losing money and that is how the stock is being valued. No surprises here.

Revenue craters by $2 million and inventory increases by $2 million. Consignment inventory likely , booked as revenue by company in prior quarter and had to be reversed this quarter in accordance with Sec Bulletin 101.

Doesn’t explain why A/P doubled from $9 million to $18 million in just 90 days. My guess is that the timing of entry of bills was held off until after 6/30 in order to facilitate issuing of stock because it made the company look like it was is better financial condition than it really was.

As long as the filings are kept current the stock is in no danger of being delisted. Even if Fair isn’t the one doing the actual filing, Canouse will damn be sure to pay someone to issue those reports because of all the debt they have tied up in this shell. The need to keep the possibility of the gravy train growing while they find somebody else to merge into that shell. Look no further than HVCW.

As long as the filings are kept current the stock is in no danger of being delisted. Even if Berman isn’t the one doing the actual filing, Canouse or Hicks will damn be sure to pay someone to issue those reports because of all the debt they have tied up in those shells. The need to keep the possibility of the gravy train growing while they find somebody else to merge into that shell. Look no further than HVCW.

O/S counts increased from 29.36 million on 11/7 to 31,363,986 on 11/21. That’s 2 million more shares, exactly 1 million per week.

At that rate, over 36 million by end of year. Close to 100 million by end of next year although I think the rate of dilution actually increases next year and will be closer to 200 million imo.

Up to 1.793 billion shares….another 127 million added in the last two weeks…..diluting again today ..,at least 50 million…..

Noticed that Canouse managed to get the company current by filing last three quarterlies. Frondeur is his guy.

During the quarter ended March 31, 2023, the Company decided to postpone its operations due to a lack of funding. As such, the following activities occurred:

a) The Company’s equipment was repossessed by tis creditors and sold off;
b) The Company’s receivables were ceded to the financers of the projects
c) All operations were ceased and the Company has no more assets.

At this time, the Company is considering various strategic alternatives including restarting operations.

There are hundred of billions of potentially dilutive shares waiting for the ability to get converted.

Buyers may be fishing for shares but when MM are letting them bid buy it’s usually a sign that there is more stock for sale that retail cannot see on the ticker.

Looking at the trend, without any positive news embedded in the 10-Q or from a conference call, the stock price will be entering the trips levels imo.

They keep on mentioning that they are going back to the energy drink but so far nothing. The drink is just a standby dream imo. It’s just an empty shell right now.

No news until the Annual Report comes out. Typically that has been in the first few weeks in December.

During the third quarter, the company generated net proceeds of approximately $1.8 million from the issuance of 958,248 shares of common stock in the aftermarket ATM offerings at a weighted average price of $2.26 per share.

Only one analyst on the call. Now a standalone product line. They are hiring a bunch of new sales reps to try and get back the maintenance business that wasn’t renewed by prior customers. They said they won’t need to raise additional cash but revenue gains are going to be slow over the next year with this really being a 2025 story.

The problem I see is that Baker has created a bunch of “levers” that can be pulled to create whatever outcome he is trying to achieve. Not all the levers are good for shareholders but almost all can be good for Baker. He alone decides what assets LIG will keep, what gets spun off, what cash gets distributed where, what liabilities and debt the shareholders get stuck with.

It makes this stock very difficult to value. Because you can’t be 100% certain the assets will remain within LIGA.

Since the executives normally pay themselves in stock every couple of years, this is likely the reason why they won’t spend any of the company’s funds to repurchase shares. Why should they when the executives want to receive the most shares for the least expensive price. If they bought back stock, the price would go up and they would receive less shares. Current shareholders may not like this at this particular moment, but if you can hold out until after they issue shares then everybody’s interests can line up together.

Since the executives haven’t paid themselves any compensation since May 2020, which would you rather see, $500k less cash or 100,000,000 more shares?