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Huge difference, when HCMC issues or converts preferred stock , the cash actually winds up on their balance sheet.
When GNCP issues or converts shares, they wind up in Lumb's brokerage account or any one of his phony companies where he later lines his own pocket.
FINANCING ACTIVITIES
Principal payments on loan payable (255,592) (209,941)
Principal payment on the line of credit (2,000,000) -
Proceeds from rights offering, net of offering costs 24,344,317 -
Proceeds from loan and security agreement - 2,540,000
Proceeds from preferred stock 5,000,000 -
Proceeds from paycheck protection plan - 876,515
Proceeds from exercise of stock options 227,500 -
NET CASH PROVIDED BY FINANCING ACTIVITIES 27,316,225
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENT AND RESTRICTED CASH 25,246,972 1,462,984
CASH, CASH EQUIVALENTS AND RESTRICTED CASH— BEGINNING OF PERIOD 2,925,475 3,525,415
CASH, CASH EQUIVALENTS AND RESTRICTED CASH — END OF PERIOD $ 28,172,447
So when the much anticipated website goes up, someone ought to pose that question to management as to why they are so allergic to cash on the balance sheet if indeed they are anything more than a de facto shell.
And don't forget the Crypto Wallet coming soon. I am sure everyone who owns crypto will be moving their coins from their current wallet into GNCP's Super Terrific Crypto Wallet with state of the art encryption because you know, Ron is such an expert at all things including crypto.
LOLOLOOOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOOLLLLLOLOLL
Scam or not, it's a bloated pig with more share issued in the last year than they can justify given an entire life to date revenue of exactly zero despite gold more than doubling while they we they were supposedly a gold mining company. Of course, their disclosures do not cover up the fact that they have done no exploration in 14 years let alone mined anything but the pockets of gullible dreamers.
This stock SUCKSFORSURE!!!!
We have not begun the initial stages of exploration of our claims(AFTER 14 YEARS???) , and thus have no way to evaluate the likelihood whether we will be able to operate our business successfully. We are a new entrant (NEW????) into the silver and gold exploration and development industry without a profitable operating history. We were incorporated on September 23, 2008, entered into the Delaware Section 251(g) reorganization on December 1, 2008 and, to date, have been involved primarily in organizational activities and obtaining our rights to our mining claims. As a result, there is only limited historical financial and operating information available on which to base your evaluation of our performance. We have not earned any revenues and we have never achieved profitability as of the date of this disclosure. Potential investors should be aware of the difficulties normally encountered by new mineral exploration companies and the high rate of failure of such enterprises. The likelihood of success must be considered in the light of problems, expenses, difficulties, complications and delays encountered in connection with the exploration of the mineral property that we plan to undertake. These potential problems include, but are not limited to, unanticipated problems relating to exploration and additional costs and expenses that may exceed current estimates. We have no history upon which to base any assumption as to the likelihood that our business will prove successful, and we can provide no assurance to investors that we will generate any operating revenues or ever achieve profitable operations. If we are unsuccessful in addressing these risks our business will likely fail and you will lose your entire investment in this Company.
I cannot for the life of me understand why anyone would invest in this train wreck given that over the past 14 years, this is what they have to show for their Gold properties… But lithium is going to be different???? IT’s just two old guys writing poorly worded press releases, people, frequently requiring several takes until they get them right!!!!! WTF !!!!!!
We have not begun the initial stages of exploration of our claims(AFTER 14 YEARS???) , and thus have no way to evaluate the likelihood whether we will be able to operate our business successfully. We are a new entrant (NEW????) into the silver and gold exploration and development industry without a profitable operating history. We were incorporated on September 23, 2008, entered into the Delaware Section 251(g) reorganization on December 1, 2008 and, to date, have been involved primarily in organizational activities and obtaining our rights to our mining claims. As a result, there is only limited historical financial and operating information available on which to base your evaluation of our performance. We have not earned any revenues and we have never achieved profitability as of the date of this disclosure. Potential investors should be aware of the difficulties normally encountered by new mineral exploration companies and the high rate of failure of such enterprises. The likelihood of success must be considered in the light of problems, expenses, difficulties, complications and delays encountered in connection with the exploration of the mineral property that we plan to undertake. These potential problems include, but are not limited to, unanticipated problems relating to exploration and additional costs and expenses that may exceed current estimates. We have no history upon which to base any assumption as to the likelihood that our business will prove successful, and we can provide no assurance to investors that we will generate any operating revenues or ever achieve profitable operations. If we are unsuccessful in addressing these risks our business will likely fail and you will lose your entire investment in this Company.
I'm sorry but this is nothing more than a "Greater Fool" play and I think the supply of fools has run dry.
You forgot lazy, stupid, ugly ....
Exhibit B - GNCC Capital, Inc. Press Release dated March 2116, 2021; and
https://www.otcmarkets.com/otcapi/company/financial-report/324083/content
It's a freakin "Where's Waldo" treasure hunt for mistakes.
LOL
Remember the IR Firm they were going to hire to help with press releases and corporate communications?
Well, you see where that is two years or so after announcing it.
Sqaudooch!
Eli, does it make sense to you that you could have an "unrecognized loss" in a regulated futures trading account? My experience and the rules are that all futures are settled mark to market cash settled daily. No carryover or unsettled positions therefore no unrealized or unrecognized anything.
Once a futures contract’s final daily settlement price is established the back-office functions of trade reporting, daily profit/loss, and, if required, margin adjustment is made. In the futures markets, losers pay winners every day. This means no account losses are carried forward but must be cleared up every day. The dollar difference from the previous day’s settlement price to today’s settlement price determines the profit or loss.
Mark-to-market enforces the daily discipline of exchanges profit and loss between open futures positions eliminating any loss or profit carry forwards that might endanger the clearinghouse. Having one final daily settlement for all means every open position is treated equally. By publishing these daily settlement values the exchange provides a great service to commercial and speculative users of the futures markets and the underlying markets they derive their price from.
How is PDIV even current since they have filed nothing since the 9/30/2021 quarterly? Now they say they are not going to report or disclose the 1.375 million? Sounds to me like the only proof that this money even exists will be their only mention of it in that dud of a press release. I have a feeling they lost any money they ever had dabbling in futures trading assuming that wasn't a complete made up lie. Without audited financial statements, no one will ever know anything for sure with this worthless turd.
I found this interesting in PDIV's 9/30 filing...Unrealized loss????
Futures trading is mark to market cash settled EOD. You cannot have an unrealized loss.
Once a futures contract’s final daily settlement price is established the back-office functions of trade reporting, daily profit/loss, and, if required, margin adjustment is made. In the futures markets, losers pay winners every day. This means no account losses are carried forward but must be cleared up every day. The dollar difference from the previous day’s settlement price to today’s settlement price determines the profit or loss.
Mark-to-market enforces the daily discipline of exchanges profit and loss between open futures positions eliminating any loss or profit carry forwards that might endanger the clearinghouse. Having one final daily settlement for all means every open position is treated equally. By publishing these daily settlement values the exchange provides a great service to commercial and speculative users of the futures markets and the underlying markets they derive their price from.
I never had any doubt that ALB wasn't the "powerful partner". I never had any doubt that this would be yet another Bauman/Lumb construct with related party blow-through ties with no economic substance. I never had any doubt that once the "game changer" release was published that the trading range wouldn't budge and wit. And that "Fundco" would be Lumb in some way shape or form and even posted as such on numerous occasions.
What I did underestimate was the volume and VWAP capitulation that has ensued in the wake of the news that was some 9 month delayed. That one partner was a shell, and another was a delinquent filer and yet the other, Bauman the director. Even I held out a little hope that at least one would have dime of revenue for your sake and nothing else.
Some might say "cellar boxing" is the reason or some "fake wall" is why volume sucks. To that I say BULLSHIT!
Good call zak.
Stocks like LIT URNM FXC ALB VALE and RIO all traded up.
This GNCP, obviously uncorrelated to any of that news.
So are you suggesting GNCP and ALB are still a thing??? OMG!
I have heard it all if that is the case.
GNCP + AMLM + BRLL + CDSG = SCAM surely you don't think ALB. LOL@U
https://www.otcmarkets.com/stock/CDSG/disclosure Shell!
https://www.otcmarkets.com/stock/BRLL/disclosure Expert delinquent filer
Yeah, a true matchmade in heaven.
I excluded AMLM because it's basically Lumb, Ron and Blow through Bauman relationship.
I guess by "powerful partner" they were referring to "Lumb". Of course, I knew that as well as several others expertly predicted by Bigbake and painstakingly illustrated by againstallodds.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=165581213
All clear now. Not ALB! LOLOL
I am so done here. Have a nice boring 2022. .0001 .0002 would be a blessing. No bid is a realistic possibility.
Out!
Oh god, not another explanation of an explanation because GNCPer's are reading challenged when it comes to comprehension. You know what that does to the share price. Ooops, already there. Then of course an explanation and clarification will follow the initial clarification and explanation with a press release that will be forthcoming when they are confident they are in a position to further clarify the clarification in no less than 3 business days unless of course one of those business days falls on a Jewish holiday which a whole host of them are appearing in the highway to your salvation as if they were tumble weeds crossing the highway to millionairedom.
LOL @ this whole 20 year saga that has this turd stuck at .0001 forevermore.
Yeah, more circle jerk self- dealing where the "Fundco" turned out to be Lumb through a convoluted self-dealing structure wholly owned by the same group of old buddies. All of which was predicted by myself and a few others. I guess the 4 mill was widdled down to 1.3. So explain since GNCP is off the hook for the security of this "loan", why the explosion in the AS to 210 billion which was supposedly a requirement for the 4 million that became 1.3 mill. Any chance they will roll back the AS since they overshot their funding. And in deference to one of your faithful, I guess ALB decided to pass on this awesome deal. LOL As if!!!!!!!!!!!
What a mess and you're still stuck at .0001 by .0002. Volume seems to be drying up too.
Looks like the EKG of a houseplant. LOL Junk!
So I guess buying on the rumor and selling on the news is only applicable to stocks that trade for more that a statistical correction factor.
Got it!
See you Monday for the anticlimax.
Yeah, you should acquaint yourself with the geometric progression of share issuance in just one year when nothing was happening with the business fundamentals.
From the Qs for 1 year of filings during 2021...
March 31 2021 Issuance of Stock 3,900,000,000
June 30, 2021 Issuance of Stock 11,405,109,977
September 30, 2021 Issuance of Stock 34,018,064,716
December 31. 2021 Issuance of Stock 54,189,237,672
Total for 2021 93,252,412,365
And just wait till the stockholder's equity is published for q ended 3/31/2022. I expecting at least 75 billion in newly minted to exhaust the 210 billion A/S.
Get real or go hungry.
You know what isn't and why regardless of any news you might get it won't? The average trade size in dollars.
145 trades, 53000 or so dollars, average trade 365.00. or just shy of 1.9 million shares.
You are going to need whales willing to drop $100k a trade to get this bloated pig of a dilution basket case to move. And I'm sorry, traders with that kind of jack like me have much better places to park our money and it isn't the OTC land of pink sheet woofers.
Dream on.
So anywhere from 3 days and possibly more. Yeah, see you next month. LOL
Personally, I think they purposely muddied the water knowing the reading comprehension among their flock leaves much to be desired, leading some to believe that they might get the release as early as Monday, if not sooner.
Joke Company!
Oh please! It's been almost twenty years and 8 failed tickers since they started the gold turd hunt and they couldn't make a dime despite gold being at 800 at one time and now it's what, over 1900?
This is just the latest me too play that will go absolutely nowhere except to line their pockets with the cash of the terminally gullible.
Book it!
Where are the 2021 filings? Oh, that's right. Delinquent for a year! That must be the "powerful partner" in this most recent iteration of a self-dealing cluster f!#@ used as pretense to issue billions of shares of worthless stock.
https://www.otcmarkets.com/stock/BRLL/disclosure
Not to stir up any conspiracy theories but maybe your powerful publicly traded partner is AMC since they just did something completely looney toons
with their foray into gold...
https://www.cnbc.com/2022/03/15/theater-chain-amc-uses-funds-raised-during-meme-craze-to-buy-a-gold-miner.html
IT DOESN'T SAY THAT! True to form with everything else they state as ambiguously as the English language will allow, it actually says that it could be more than three days..
Full details will be submitted to the public markets and within no less than 3 (Three) Business Days as is required under OTC Market Rules and Regulations in respect of "Material Events".
Stated mathematically
Details will be released > or = 3 days.
Had they wanted to say it will be less than three days, the should have worded as follows "within less than 3 days" which would imply 1, 2, or 3 days.
If they meant to say less than three days, they should have dropped the word "no".
Maybe you should email them to clarify their ambiguous wording to state within three business days if indeed that's what they meant. Because they sure as hell didn't state it that way.
Expect anything different? LOL Bigbake, myself, ELI and a few others all saw this coming.
Anybody want to predict share issuance numbers for 3/31/2022?
My guess 75 billion based on trend.
LOLOLOLOLO..... Yeah, no dilution going on here.
The Company has absolutely no idea as to why in excess of 12 billion last week and today, 3 billion shares of our Common Stock were traded in the market.
Let's review 1 year of filings...
March 31 2021 Issuance of Stock 3,900,000,000
June 30, 2021 Issuance of Stock 11,405,109,977
September 30, 2021 Issuance of Stock 34,018,064,716
December 31. 2021 Issuance of Stock 54,189,237,672
Total for 2021 93,252,412,365
ARE YOU FOR REAL?????
Lumb, in some way, shape or form. Book it!
It is my firm belief that they are awaiting the outcome of the Ukraine conflict, the SEC probe into short sellers, the FBI raid of said shortsellers, the potential of sanctions to restrict Russia from the SWIFT system which will impact the huge transfer of wealth to GNCP, global climate change, the gold standard becoming the law of the land, China eyeing a full scale invasion of Taiwan, Bank runs across the globe...yada yada yada.
Oh, and one more thing...the recent draw downs on the major averages officially throwing them into bear market territory and the fact that the VIX term structure is pointing to yet more volatility, now would not be a prudent time to consummate any business combination whether it be a buyout or merger, joint venture or capital injection that might include debt instruments and the attendant yield they might bear in the face of Fed tightening and the recent increase in the 10 year treasury that is now nearly 2% after marking some time at a 1.4% handle.
So be patient. These guys do 15 years standing on their heads so no big rush.
Hey Moe!
Facts don't go around here, sabby? Short interest is 9223372036854775808
and that's an alternative fact.
9223372036854775808
https://numbermatics.com/n/9223372036854775808/
9223372036854775808 Nine quintillion, two hundred twenty-three quadrillion, three hundred seventy-two trillion, thirty-six billion, eight hundred fifty-four million, seven hundred seventy-five thousand, eight hundred eight.
The future O?S of GNCP. Give it a year!
BBake,
Shot clock is winding down. I bought 2000shs 3 minutes ago.
https://www.dividend.com/stocks/materials/iron-steel/steel-raw-material-suppliers/rio-rio-tinto-plc/
You saw that reply, right? Was that a legit communication from Ron? I wouldn't put it past him. He has threatened posters for asking about all those failed tickers he was once associated with. Lambshift to be exact got a threatening reply when asking about FFGO.
Didn't "Do Ron Ron" send you a go f-yourself email reply and basically said they were through and we will report by way of quarterly filings only? Wasn't that you? Anyway, if indeed you got that email from Ron which I am leaning toward you did, well, you kinda know why they are mum on any further updates.
https://stocktwits.com/symbol/GNCP
How is not nearly as important as to why you would short a stock that has no upside and all downside. If there is an MM out there pressing the short side of a worthless stock, he should be fired immediately.
Bottom line, there is no short interest in this junk only the wild conspiracy that it is somehow eluding all known reporting and regulatory mechanisms to evade disclosure.
Oh my. What a concept...
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=168011173
Zac, since seemingly every extraneous global and financial event is somehow tied to the fortunes of GNCP, it is my firm belief that they are awaiting the outcome of the Ukraine conflict, the SEC probe into short sellers, the FBI raid of said shortsellers, the potential of sanctions to restrict Russia from the SWIFT system which will impact the huge transfer of wealth to GNCP, global climate change, the gold standard becoming the law of the land, China eyeing a full scale invasion of Taiwan, Bank runs across the globe...yada yada yada.
Oh, and one more thing...the recent draw downs on the major averages officially throwing them into bear market territory and the fact that the VIX term structure is pointing to yet more volatility, now would not be a prudent time to consummate any business combination whether it be a buyout or merger, joint venture or capital injection that might include debt instruments and the attendant yield they might bear in the face of Fed tightening and the recent increase in the 10 year treasury that is now nearly 2% after marking some time at a 1.4% handle.
So be patient. These guys do 15 years standing on their heads so no big rush.
Hey Moe!
The delay is due to the unfolding situation with dark pools, MMs, Cellar Boxing, the FBI raiding of various brokerages which will not doubt result in the announcement that GNCP is one of the lead plaintiffs in an evolving lawsuit that will result in the largest transfer of wealth the likes of which has never been witnessed in the modern world.
I think I pretty much capture the latest buy side thesis in a nutshell.
Death to shorty who shorts stock at ostensibly no bid!!!!
Has to be the reason.
LOL
LOL. Of course. Hastily created entities with no economic substance is their stock and trade!
Good work. I have half a mind to forward the walk of shame list to Ron and get his take.
Right now, better things to do.
Shouldn't this be stickied? Looks like they served out they useful purpose as the flavor of the day and now onto another "me too" buzzwords with Lithium. As far as I am concerned, Lithium Holdings is just another lighter than air entity with a top of mind name to lure in suckers. They clearly didn't think that their bullshit would be exposed by anyone on this board. Ooops.
LOL