Third Bench Inc (THBD)

[tigerpac]

If I try to take the bull case here, I'm reminded that pretty much every single tweet has been sold into. The perception is that consolidated sales will be $24 million area and should have profits around 1.5 million. What is unknown is how much money has been spent by TB leading up to the closing and how much money will have to be spent on TB overhead going forward. Remember TB will have to (or already has) hire a controller, accounting department, human resources, marketing, investor relations, IT, customer service, customer relations just for TB as it consolidates all the results from it's subs. Maybe they even had to rent/buy an office because they aren't doing it out of LA or NY, nor out of the Rees lawyer's office. They have to get more insurance, medical , general liability, etc. All that costs money. Set up incentive plans which might mean shares.

So the expenses may be much higher than anyone is thinking right now . May be reported in the annual or may be deferred to the first quarter. They have also said that they plan on raising $10 million thru sale of equity or debt.