Replies to post #84125 on Third Bench Inc (THBD)

[Anvil]

Wrong, the a/s reduction is a simple filing by the company to the secretary of state. SEC/Finra have nothing to do with it. But it is up to the company to notify the Transfer agent of the reductions and send the sec of state filing amendment.

[Anvil]

BTW, par value of the stock does not change unless the company submits a amendment to the SOS. No Finra/SEC involved. But in reality, par value of stock is meaningless, unless you are incorporated in state (e.g. Nevada) that charges your annual filing fee by number of share o/s and par value can't be below $0.001 for calculation purposes.