Third Bench Inc (THBD)

[tigerpac]

In hindsight you can see why the MM’s discounted the post split price from .05 to sub penny so quickly . They knew about the massive dilution that was soon to follow.

At least another 6 million shares today. Like HVCW, I’m guessing the CEO here did something that royally pissed off Canouse and they are giving him the full dilution treatment right now.

The underlying business and the stock price have detached from one another (and has been for quite some time). However, the business is so heavily leveraged that it probably has negative equity at this point since they owe so many lenders and vendors so much money. Add in this EEOC lawsuit and there is no way out imo, except to file Ch. 11 .