Replies to post #68855 on Third Bench Inc (THBD)

[oldstocks]

It states power vote or to dispose:
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: 454,952,932
(ii) Shared power to vote or to direct the vote: 454,952,932
(iii) Sole power to dispose or to direct the disposition of: 454,952,932
(iv) Shared power to dispose or to direct the disposition of: 454,952,932

It also states: In addition, Reporting Person holds Issuer’s convertible note in the aggregate principal amount of $35,000.00. The Note may not be converted into common stock such that the Reporting Person would beneficially own more the 9.99% of the Issuer’s common stock at any given time.

If they are looking to convert the note into shares they would have to sell some common shares before converting to prevent being a 10% or more owner of common shares.