GNCC Capital Inc (GNCP)

[Colorado5]

I understand that sometimes filings take longer than expected, but not 6 months. I guess there must be a good reason for the delay. The only positive from filing the Annual and Q1 would be to get them current again so they can begin the buyback process. The part I don't understand is when they state in an email to shareholders, the following:

Sir,

We apologize for this generic response as we prefer to communicate through our OTC Filings and through Press Releases. We do however realize that given a large number of enquiries from our stockholders; this e mail response was necessary.

We are completing, at this time, our Annual Report with the accompanying (required) Attorney’s Letter and our Q1 Report (to December 31, 2014) which also falls due shortly. The filing of these reports restores the Company to that of a “Current Filer” on the OTC Markets.

To deal with a number of issues raised, we confirm that:-

(a) We did cancel and retire a large number of shares of Common Stock (as filed on the OTC Markets Disclosure Service); our number of outstanding shares as reflected on the OTC Markets, is correct; and
(b) We have no intention of abandoning our planned stock repurchase program; and
(c) We remain “in business” as stated in numerous OTC Markets Disclosure Service Filings with no changes at this time; and
(d) Any changes to our businesses would be immediately filed on the OTC Markets Disclosure Service; and
(e) We will publish a “Management Discussion Filing” on the OTC Markets Disclosure Service, to update our stockholders; this being next week and post the filing of our Annual Report.

GNCC CAPITAL, INC.

_________________________

AND NOW 5 WEEKS LATER, WE STILL HAVEN'T SEEN ANYTHING ON (e).
IF THEY KNEW THEY WEREN'T GOING TO MEET THAT PROPOSED DATE, THEY SHOULD HAVE ISSUED A PR (NOT AN EMAIL TO A FEW, BUT A PR TO ALL) STATING THE REASON FOR DELAY AND WHAT THEIR NEXT STEP WOULD BE. VERY UNPROFESSIONAL IMO.

I'm not bashing a company that I have thousands invested in, but simply stating that GNCP should be more honest and up front with it's shareholders.

GLTA.