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David Fair and Melissa Handley lost their New York court case and owe $129,000
https://trellis.law/doc/192239184/judgment
hes still 100% active on linkedIn. Lets expose him and "Constellation Capital Group" for fraudsters.
been a while since i check on this pos. -> Incredible. Hoping karma takes its course. Idc about the money I lost, because in comparison, Id rather see David Fair ruined forever. I'm doing fine. https://www.eeoc.gov/newsroom/eeoc-sues-third-bench-holdings-and-sher-wood-cabinetry-retaliation
text the slime ball (805) 443-9421
supposed to be details on loi this week. god its jeff all over again
david fair is gonna destroy a nearly 100 year old company
I finally found David Rees' phone number: 801-303-5736
David Fair's number: 805-443-9421
Also, I noticed james turk is not on the website. Interesting. Does he even exist?
What does it mean when the SEC does not intend on reviewing the offering???
https://www.sec.gov/Archives/edgar/data/1373853/000000000022000116/filename1.pdf
God he is so ugly. https://www.facebook.com/david.fair1
okay canouse. we all know its you
BAHAHA LMAO GUYS THESE MOTHERS FUCKERS ARE LITERALLY PAYING FOR TWEETS. Read the description for the account.
$NECA Third Bench represents an operationally oriented partnership in architectural millwork, cabinets, countertops, and permanent “housing-infrastructure” operations#FridayThoughts @necaholdings@ProPennyPicks @SCStocks @stockzeus #RThttps://t.co/SLdIQYr1Iq pic.twitter.com/Zko8Rg2hIc
— FrontPageStocks (@frontpagestocks) March 18, 2022
Correct my calculations but something is not making sense.
Even with 50 billion shares outstanding, with 50 million dollars in revenue, the share price should be approximately .001
Considering the 2021 revenue of 24 mill, then the stock should be at least 0.0005?
Right now the market cap is less than half of the cash the company has on hand.
This firm's reputation has been irreparably harmed
A reminder for David Fair. Unless you clean up your act, you are in breach of your fiduciary duty to the company and its shareholders. And therefore, we the shareholders, have a right to sue.
the fact they are dragging their feet on the ticker name change. smh.
I am going to file a lawsuit. This fucking company is absolutely ridiculous. INSANE share structure. Not to mention CONouses 400k bonus for absolutely nothing?
David must answer regarding these accusations. https://caselookup.nmcourts.gov/caselookup/app?component=cnLink&page=SearchResults&service=direct&session=T&sp=SD-307-CV-202200044
On September 1, 2021, the Company paid $400,000 to retire 81,360 of Jeffrey M. Canouse’s Series C
Preferred stock. 308,640 shares of the Series C stock remain.
$NECA the scrubs banned me from the board but I exposed the scam. I was accused of not understanding how finance works. oh well. get rekt idiots.
davidfair23@gmail.com
(805) 443-9421
Been trying to reach idiot
ok im not talk about the actual offering. I'm talking about Joe and Steve dumping their shares right now, at this very moment.
Yes they were involved in the offering. After all Southridge is owned by Steve hicks. They did a bridge financing of 500k. That was the money they put up front for Third Bench. That bridge loan was until they could get the offering approved. Once the offering commenced these rest of the 1.5 mil were put up by Joe and Steve. When the press release mentions bridge financing all it meant was money upfront. David Fair received his class B shares on 7/12. So why were there transactions for the issuance of class C shares to Joe's LLC companies and Steve Hick's?
and when they end up with those class C shares after the offering, yk how they are dumping them? 4a2.
They did it today. They did it yesterday. And they will do it tommorrow.
THE OFFERING WAS REGULATION A NOT D
they have absolutely zero motivation or reason to have the share price rise. otherwise, they would be pumping this. no. the way the deal is structured and the way they covered their tracks means that they benefit no matter what the share price is.
on the issue of MM. sure maybe they're pushing the price a bit lower, but their purpose is to provide liquidity. the problem is joe canouse and steve hicks. Mark my words. I wouldn't have been so convinced until I realized this is a perfect storm for them.
I suggest looking at the share issuance on 7/12. And also note 19 about the stockholder's deficitt.
Is David complacent, or incompetent? He has a great company with millions in revenue, but he's just not saying ANYTHING. We know the PPS would move if they were more transparent. Frankly, there's only three ways I will feel better about this stock:
1. Name Change. All the orders Steve and Joe have placed will be canceled and we will have a break from their dumping.
2. Audited financials. No bullshit this time. It has to be audited.
3. David tells us exactly how he met Jeff. Did David approach Jeff (unlikely) or did Jeff approach David?
https://www.cornercapitalpartners.com/resume/David_Fair_Resume.pdf
They are taking advantage of Section 4(a)(2) of the securities act to sell shares in private placement. That's why the note holders are able to stack the ask.
Its been a farce since the get go. Joe and Steve Hicks set aside some money into the shell company.
Jeff takes the shell and tries to make it seem like a legitimate company. And people take the bait.
The terms of the convertible debt, as well as using the 4a2 exemption allow Joe and Steve to siphon off the money shareholders put into the company, without having to file anything that publically states they are selling shares. Jeff leaves, but before he does, leaves the shareholders with a gift of 50 billion authorized shares.
The 1-A offering? That was all theatrics. It took Jeff 6 months to finally get the SEC to approve his offering.
The February offering never went through, because it took until March for the sec to respond (https://www.sec.gov/Archives/edgar/data/0001373853/000000000021002899/filename1.pdf).
Jeff amends the offering in late March and early June. The SEC responds June 24 (https://www.sec.gov/Archives/edgar/data/0001373853/000000000021007769/filename1.pdf).
Jeff has to amend his offering again, and the SEC tells him to go back a few more times until Aug 9 when the offering is qualified and commenced (https://www.sec.gov/Archives/edgar/data/1373853/999999999421000236/xslQUALIFX01/primary_doc.xml)
You see, we all have been wondering, how did NECA raise the capital to acquire Third Bench? If we look at the 1-A we see that the selected Jurisdictions the UNREGISTERED securities were to be offered was: CONNECTICUT and GEORGIA. Do a google search of Stephen Hicks and guess what state he lives? Connecticut. Joe Canouse lives in Georgia.
IT WAS THE TWO OF THEM THAT PUT UP THE MONEY TO ACQUIRE THIRD BENCH.
THATS WHERE THE 1.5 MILLION CAME FROM.
THEY DON'T CARE ABOUT THIRD BENCH OR NECA HOLDINGS. JEFF WAS THE FRONT MAN TO DO THE PAPER WORK BECAUSE STEVE AND JOE HAVE ALREADY BEEN SUED BY THE SEC.
THEYVE DONE THE SAME THING BEFORE. LOOK AT THE VISIUM TECHNOLOGIES LAWSUIT. MARCH 2021.
THEY ARE GOING TO DO IT AGAIN WITH THIRD BENCH.
THE QUESTION IS WHAT DID THEY OFFER DAVID FAIR????
THEY ARE GETTING AWAY WITH INSIDER TRADING BY USING SECTION 4(A)(2)
agreed, if people actually knew what the company did, and weren't confused by the name maybe they'd actually feel like investing.
The description on OTC needs to be updated too.
The name is a turn-off. No new investors are coming because they are CONFUSED BY THE NAME. Unless you've been here since the beginning, you wouldn't understand why a company called NEW AMERICA ENERGY CORP. would equate to a woodworking business. I mean even when we had no idea what the acquisitions were, and we were speculating on SANP, NAFS and all those shitty companies, NEW AMERICA ENERGY is a pretty shitty name for a holding company completely unrelated to energy. someone looks at the ticker and wonders if this is perhaps related to renewable energy (hot sector). Then, they read the description are confused because it's a CABINETRY company??? ENERGY =/= CABINETRY and that is why no one is flocking in.
him and steven hicks. both named in the lawsuit. they both have hundreds of millions of unrestricted shares. who else would be stacking the ask???
Related to JC, worried this could end up being the fate of Third Bench. No wonder we never heard anything from March 2021 (the big rally) all the way to around July.
https://rolandjones.com/visium-technologies-asks-5m-as-damages-for-defending-an-involuntary-bankruptcy-case-against-it/
Soooo what happened to the bowling alley LOL
We aren't going to get a 10K untill this audit is complete.
I recall them mentioning a PCAOB audit. The average timeline for that kind of audit is around 3 months, and the auditor has 45 after the documentation date to release the audit. I'm just worried that the audit process has JUST RECENTLY begun. That would mean it took them 4 months since the PR to finish the yearly report, and its not gonna be until March or April until we get the results.
The entire market is down. Additionally, these financials are from the perspective of NECA not TBH. TBH isn't the only holding NECA has. The loss figure includes is because NECA acquired TBH for nearly 7 million dollars. That purchase was financed by the sale of NECA shares.
Regarding TBH's claims for a 24million dollar run rate, page 9 of the annual report clarifies the 24 million dollar figure is for the calendar year. One way it looks like they will reach this figure is by reporting the proceeds from equity sales.
I also see they have $1,122,157 in cash. I also like that they have $2,098,929 in assets (vehicles, etc). They have $1,780,273 in inventory. I see they have $1,036,116 in accounts payable, but they certainly have the cash to pay that off. That accounts payable is for the two acquisitions. However, the investment looks good because TBH's subsidiaries have $1,733,034 in accounts recievable.
Heres what I don't like. $3,200,000 was Interest expense charged to Additional Paid-In Capital for convertible debt. That money should be going to shareholders, but instead is going to creditors.