DD Support Board and Research Team

[tigerpac]

Hate to dredge up an old post but it seems that securities attorney David Rees is back in the news again with a "buyout or reverse merger or something" with NECA which is owned by Jeff Canouse (yes that family).

Rees is part of a holding company, ThirdBench, which supposedly owns three companies in the home remodeling business. Yet the 3 companies on their web page haven't confirmed they are owned by the holding company.

https://thirdbench.com/

Rees had another run in with the law in 2020 for a 2017-2020 scheme and was charged with conspiracy, securities fraud, transactional money laundering, concealment money laundering, and aggravated identity theft.

Seems like a perfect partner for Canouse as they plan to start a "introduction" campaign tomorrow saying how great NECA's acquisition of a $20 million revenue company will be without disclosing any pertinent information. NECA total revenues last seven years are $20K with most of that written off as bad debt in subsequent years.

What are your thoughts?