Third Bench Inc (THBD)

[Blue Skys]

The note holders in the background waiting to sell are going to be waiting a very long time if the Issued Shares are exhausted as I believe they are. Share price started to move up today as investors are realizing that the selling cycle has completed. Some posters on this board seem to believe that the company insiders can convert up to the full AS without first issuing shares. That is not true. People with that belief can read up on share issuanceon Investopedia. If they desired to issue more shares they had a window over a year long with an open offering. They could easily have issued treasury stock but they chose not to. My guess is that there is a contract with the toxic lenders that prevents the company from increasing the issued shares and as a result of financing activity in the past they are limited to the shares currently issued which as I posted earlier this week are probably mostly in the OS with the exception of some Treasury Stock retained to fund the pending promo activity. The company has not reported the number of issued shares anywhere that I can find so one needs to watch the trading and OS reporting on OTC Markets to form an opinion about the remaining Treasury Stock. If someone has found it then please post.