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GNCP gold- Looks like the US Dollar is gonna need to be backed by some of that GNCP gold soon imo. Being backed by air does not work anymore. Neither does prining air shares lol imo
Europe To Pay Iran In Euros For Oil, Abandoning The Dollar
By Himanshu Goenka @HimGoJourno
05/16/18
Crude Oil Prices Continue Decline on Euro Worries, Declining China
European countries are considering dumping the dollar in favor of the euro when it comes to making payments to Iran for its crude oil, Russian media reported Wednesday, citing a diplomatic source who had knowledge of the development. Since President Donald Trump pulled the United States out of the Iran nuclear deal May 8, formally known as the Joint Comprehensive Plan of Action (JCPOA), European nations who were also part of the deal have been working with Iran to prevent it from collapsing.
“I’m privy to the information that the EU is going to shift from dollar to euro to pay for crude from Iran,” the diplomatic source reportedly told Russian news agency RIA Novosti.
The purpose of the JCPOA was to limit Iran’s nuclear activities to peaceful uses, and its collapse risks the country restarting its pursuit of nuclear weapons, a scenario that will further aggravate the already restive Middle East. The European Union has been trying to avoid that scenario, and EU foreign policy chief Federica Mogherini said Tuesday that bloc and Iran had agreed to devise practical workarounds to the United States’ unilateral withdrawal from the deal.
Crude oil prices have been historically pegged to the dollar on international markets, and therefore, any attempt to circumvent the dollar as payment for crude oil would be difficult for anyone buying it from Iran. Further, the re-imposition of sanctions on Iran by the U.S. would also make it difficult for the country to receive payments for its oil exports. These facts are not lost on the EU.
EU-Iran Meeting Iran's Foreign Minister Mohammad Javad Zarif (second from left), Britain's Foreign Secretary Boris Johnson (right), France's Foreign Minister Jean-Yves Le Drian (center), Germany Foreign Minister Heiko Maas (second from right) -- the ministers of the three European signatories to the 2015 nuclear deal - and EU High Representative for Foreign Affairs Federica Mogherini (left) pose before a meeting of EU/E3 with Iran at the EU headquarters in Brussels, May 15, 2018. Photo: YVES HERMAN/AFP/Getty Images
“We're not naive and know it will be difficult for all sides,” Mogherini said, adding: “We know it’s a difficult task but we are determined to do it and we have started to work to put in place measures that help ensure this happens.”
About 450,000 barrels per day of crude oil is exported by Iran to Europe, while another 1.8 million bpd or so is exported to Asia, according to Iran’s Press TV. The biggest importer of Iranian oil is China. There are also efforts being made by China, the world’s second largest economy, to trade oil in yuan, especially since the country launched its own trading of oil futures.
European businesses with activity in Iran would also come under U.S. sanctions against the Middle East country, and it remains to be seen if they would flout the U.S. directives against doing business in Iran. But France, Germany and United Kingdom — who, along with the U.S., China and Russia, were the other signatories to JCPOA — have already said publicly they are committed to the deal even after the U.S. withdrawing from it.
Iran Oil Facility View of an Iranian oil facility in the Khark Island, on the shore of the Persian Gulf, March 12, 2017. Photo: ATTA KENARE/AFP/Getty Images
Iran, for its part, has also been moving toward managing its own currency, the rial, using the euro instead of the dollar. On April 18, Iranian President Hassan Rouhani’s cabinet decided it would use rial’s exchange rate in euros in all official statements and documents, instead of the dollar. When that decision would go into effect, however, wasn’t specified.
Soon after JCPOA came into force Jan. 16, 2016, Iran was already asking countries it sold oil to for payments to made in euros instead of dollars, since the U.S. currency is subject to other sanctions by the U.S. These payments included both dues for earlier supplies, as well as new contracts it was signing at the time.
Brent crude, the global benchmark for crude oil price, was trading at $77.97 at 6 a.m. EDT Wednesday, higher by over $3 since May 8.
http://www.ibtimes.com/europe-pay-iran-euros-oil-abandoning-dollar-2681417
NYC Board of Advisors to be announced soon from AMAZON and BANK of NEW YORK! The New York Coin Center is attracting very high-caliber talent that have now discovered NYC and really like what they see! Board of Advisors to be announced this month. Much needed credibility is coming
https://twitter.com/NewYorkCoinNYC/status/994272017280061440
GNCP and the Final countdown to Gold mine merger news imo Gold backed world coming too imo!!! Got GNCP?
PYCT beat the DTCC twice it is still ALIVE!!! imo.. for a reason! imo $$$$$$
NYC Coin now accepted at the Taproom no307 307 Third Ave New York NY. Come out and eat and drink! spend NYC coin. The NYCoin Community is proud to have Taproom on board. Check Out http://taproom307.com and their various social channels! http://www.taproom307.com
https://twitter.com/Wall_Streets/status/996150621886705664
Looks like shorts are covering. imo-New Clearing Rules Could Mean Short Cover Rally in Some Microcap
April 16, 2018 Tom Bustamante
(NEW YORK)–New clearing rules imposed by Alpine Securities last week could spell the end of the “toxic note” scourge, and possibly mean a short-term short cover rally in the most beating down issues.
Alpine Securities, which is one of the last clearing firms to clear shares in small micro-cap issues, imposed new rules Friday on clearing shares to market that some have labeled the “Friday the 13th of Notes Massacre“.
Alpine joined the likes of COR Clearing to impose new rules that all but kills the toxic note industry. In short the new rules as we see them is no note conversion deposits will be accepted for issues that trade below $0.01 per share, and may not exceed 20% of the previous 20-day volume average in the stock in question.
This new rule will be a big move in killing the toxic note industry that has destroyed so many micro cap issues over the past few years. But short-term some micro cap plays could see their stocks rise in what they call short covering rallies.
Some note holder shorted the issues they were funding knowing they could always use the conversions of the notes they hold to cover any short positions on the way down. Now this may only be a small % of funders who did this execution, but if notes are no longer able to be cleared like before these shorters, or market makers, will be required to cover said positions with their own cash now, or risk major losses.
Short-term this is a very positive move for micro cap issues as this may remove extreme selling pressure in some of these issues. For shareholders this is even a bigger win as this will now control the level of sharp dilution growth in any one issue over a set period of time.
Longer-term though this could be a real death nail for some smaller micro cap issues as this will all but dry up emergency funding sources for this sector, and could mean a total revamp of how these small stocks fund themselves.
Stay tuned and register for updates cause this is a developing story!
http://www.wallstreetnewscast.com/microcap-0416/
GNCP blasting off soon imo... place your bets!!!
My bets are LONG AND STRONG!!!!
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The Wall Street Journal Verified account @WSJ Today on Snapchat: Will you be paying by cash, credit or NewYorkCoin? Plus, bitcoin mining for the masses https://on.wsj.com/2rgT70P
Today on Snapchat: Will you be paying by cash, credit or NewYorkCoin? Plus, bitcoin mining for the masses https://t.co/V8sGk8gGy8 pic.twitter.com/lBBB3zQyQV
— The Wall Street Journal (@WSJ) May 2, 2018
The Wall Street Journal did their research into NewYorkCoin. Have you?
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You are Incorrect ,GNCP Preferred holders need to wait a year till then we await news R.I.P Shorty . Got GNCP Gold . ? imo so they are not shorting. but shorty will go broke soon imo cant wait! lol
Section
6:
CONVERSION
(a)
Conversion Right.
Each share of Series X Convertible Preferred Stock shall be convertible, at the option of the holder thereof, at any time after 1 (One) one year after the date such share was issued (subject to the limitations set forth in Section
6.c below), and without the payment of additional consideration by the holder thereof, into such
number of fully-
paid and non-assessable shares of Common Stock as is determined
by dividing the Stated Value
per share, by the Series
X Preferred Convertible Stock,
Conversion Price in effect at the time of conversion.
The “Series X
Conversion Price
”shall be 85% (Eighty five percent) of the average
trading price for the 5 (Five) consecutive trading days next preceding the date of the notice of conversion as reported on OTCMarkets.com or such other United States
trading market or stock exchange as shall then be the primary market (by volume) for the Corporation’s shares of common stock; provided, however, tha
t the Series X Conversion Price, and the rate at which shares of Series X Convertible Preferred
Stock may be converted into shares of Common Stock, shall be subject to adjustment as provided in Section
7 below. Shares of Series X Convertible
Preferred Stock converted into shares of Common Stock in accordance with the terms hereof shall be canceled and shall not be reissued.
https://backend.otcmarkets.com/otcapi/company/financial-report/191432/content
GNCP= The accrued interest owed to these Convertible Loan Note Holders as at June 30, 2015, being $4,569,527,
is being exchanged for shares of Series X Convertible Preferred Stock
at $1.00 per share.
Holder agreed unconditionally to exchange their
Convertible Loan Notes for shares of Series X Convertible Preferred Stock at $1.00 per share.
The accrued interest owed to these Convertible Loan Note Holders as at June 30, 2015, being $4,569,527,
is being exchanged for shares of Series X Convertible Preferred Stock
at $1.00 per share.
These shares of Series X Convertible Preferred Stock
will be issued in the week commencing
April 23, 2018 and held on book by the Company’s Transfer Agent.
A detailed filing of these Stock Issuances and disclosure of Holders will be published at that
date https://backend.otcmarkets.com/otcapi/company/financial-report/191433/content \
GNCP newswires-New Clearing Rules Could Mean Short Cover Rally in Some Microcap
April 16, 2018 Tom Bustamante
Share this article above
(NEW YORK)–New clearing rules imposed by Alpine Securities last week could spell the end of the “toxic note” scourge, and possibly mean a short-term short cover rally in the most beating down issues.
Alpine Securities, which is one of the last clearing firms to clear shares in small micro-cap issues, imposed new rules Friday on clearing shares to market that some have labeled the “Friday the 13th of Notes Massacre“.
Alpine joined the likes of COR Clearing to impose new rules that all but kills the toxic note industry. In short the new rules as we see them is no note conversion deposits will be accepted for issues that trade below $0.01 per share, and may not exceed 20% of the previous 20-day volume average in the stock in question.
This new rule will be a big move in killing the toxic note industry that has destroyed so many micro cap issues over the past few years. But short-term some micro cap plays could see their stocks rise in what they call short covering rallies.
Some note holder shorted the issues they were funding knowing they could always use the conversions of the notes they hold to cover any short positions on the way down. Now this may only be a small % of funders who did this execution, but if notes are no longer able to be cleared like before these shorters, or market makers, will be required to cover said positions with their own cash now, or risk major losses.
Short-term this is a very positive move for micro cap issues as this may remove extreme selling pressure in some of these issues. For shareholders this is even a bigger win as this will now control the level of sharp dilution growth in any one issue over a set period of time.
Longer-term though this could be a real death nail for some smaller micro cap issues as this will all but dry up emergency funding sources for this sector, and could mean a total revamp of how these small stocks fund themselves.
Stay tuned and register for updates cause this is a developing story!
http://www.wallstreetnewscast.com/microcap-0416
$GNCP DD with DD link-(R.I.P GNCP shorty We are going to dollar's imo) . WAIVING OF ALL INTEREST PAYMENTS ON EXISTING OUTSTANDING
CONVERTIBLE LOAN NOTES:
All of the holders of Convertible Loan
Notes totaling $16,847,834 agreed to waive all interest
payments post June 30, 2015.
Furthermore each and every Convertible Loan
Holder agreed unconditionally to exchange their
Convertible Loan Notes for shares of Series X Convertible Preferred Stock at $1.00 per share.
The accrued interest owed to these Convertible Loan Note Holders as at June 30, 2015, being $4,569,527,
is being exchanged for shares of Series X Convertible Preferred Stock
at $1.00 per share.
These shares of Series X Convertible Preferred Stock
will be issued in the week commencing
April 23, 2018 and held on book by the Company’s Transfer Agent.
A detailed filing of these Stock Issuances and disclosure of Holders will be published at that
date https://backend.otcmarkets.com/otcapi/company/financial-report/191433/content
Yes. That would be Awesome HUGE NEWS for GNCP.. GNCP a runner!! soon imo Chariots of GNCP Fire running all over shorty lol
Yes the FACTS!!! PYCT a .0001 stock beat the DTCC TWICE!!! to remain trading. Clean bill of HEALTH!! imo
so NO!one should ever NOT want this stock to go up UP UP! UP!!!!!! unless they shorted it imo
PYCT! hope for a great future! disposable female napkins ect! those get used by the Trillions per pound globally!
call your local gynecologist he will tell ya lol
Good luck all!! All in my honest opinion!
Going to have to cover shorty! lol. If your not short why worry about it? lol
GNCP will soar imo
(R.I.P GNCP shorty We are going to dollar's imo) . WAIVING OF ALL INTEREST PAYMENTS ON EXISTING OUTSTANDING
CONVERTIBLE LOAN NOTES:
All of the holders of Convertible Loan
Notes totaling $16,847,834 agreed to waive all interest
payments post June 30, 2015.
Furthermore each and every Convertible Loan
Holder agreed unconditionally to exchange their
Convertible Loan Notes for shares of Series X Convertible Preferred Stock at $1.00 per share.
The accrued interest owed to these Convertible Loan Note Holders as at June 30, 2015, being $4,569,527,
is being exchanged for shares of Series X Convertible Preferred Stock
at $1.00 per share.
These shares of Series X Convertible Preferred Stock
will be issued in the week commencing
April 23, 2018 and held on book by the Company’s Transfer Agent.
A detailed filing of these Stock Issuances and disclosure of Holders will be published at that
date https://backend.otcmarkets.com/otcapi/company/financial-report/191433/content
Yes there is . Just be ready when the time comes to cover! imo
Yes!! THATS AWESOME!! GO GNCP!!!
More GNCP filing comin shorty! lol imo
https://www.otcmarkets.com/stock/GNCP/disclosure
Filings and Disclosure
OTC Disclosure & News
Active
Inactive
All
Publish Date Title Period End Date Status
04/22/2018 Supplemental Information - Resolution to implement Stock Repurchase Program 04/19/2018 A
04/22/2018 Officer/Director/Affiliate Stock Transactions - ACQUISITION - N E BLOM - SHARES OF SERIES G CONVERTIBLE PREFERRED STOCK 04/19/2018 A
04/22/2018 Officer/Director/Affiliate Stock Transactions - ACQUISITION - R Y LOWENTHAL - SHARES OF SERIES G CONVERTIBLE PREFERRED STOCK 04/19/2018 A
04/22/2018 Supplemental Information - Issuance of Shares of Series G Convertible Preferred Stock - Directors 04/19/2018 A
04/22/2018 Supplemental Information - Extension of Director Service & Employment Agreements - N E Blom and R Y Lowenthal 04/19/2018 A
04/22/2018 Notice of Change in Substantial Holder Interest - CANCELLATION - SERIES F CONVERTIBLE PREFERRED STOCK - DAVID JACK HARRIS 04/19/2018 A
04/22/2018 Notice of Change in Substantial Holder Interest - CANCELLATION - SERIES F CONVERTIBLE PREFERRED STOCK - BEN B STEIN 04/19/2018 A
04/22/2018 Notice of Change in Substantial Holder Interest - CANCELLATION - SERIES F CONVERTIBLE PREFERRED STOCK - JACK REYBOLD 04/19/2018 A
04/22/2018 Supplemental Information - CANCELLATION OF ALL ISSUED SERIES F CONVERTIBLE PREFERRED STOCK 04/19/2018 A
04/22/2018 Supplemental Information - CANCELLATION OF SHARES OF THE COMPANY'S COMMON STOCK 04/19/2018 A
04/22/2018 Supplemental Information - Waiver of Interest Payments on all Issued Convertible Loan Notes and EXCHANGE OF SAME TO SHARES OF SERIES X CONVERTIBLE PREFERRED STOCK 04/19/2018 A
04/22/2018 Articles of Incorporation - DESIGNATION OF SHARES OF SERIES X CONVERTIBLE PREFERRED STOCK 04/19/2018 A
01/16/2018 Supplemental Information - Market Trading Statistics
https://www.otcmarkets.com/stock/GNCP/disclosure
https://www.otcmarkets.com/stock/GNCP/disclosure
GNCP GOLD is a GOLD MINE -
Government Movement on Sound Money Backed by Gold
April 23.2018
Some say the wheels of justice turn slowly. Sometimes, the wheels of common sense can seem to turn even slower. Thankfully for us all, however, those wheels are beginning to turn. There is now legislation pending, recently introduced in Congress (H.R. 5404), that would redefine the U.S. Dollar as a fixed amount of gold, instead of as a floating fiat currency. The impact of this legislation would be “yuge”, for the average American. The reasons this legislation is being promoted will be familiar to many of our subscribers, but we will discuss some of the reasons briefly in turn. Before you get discouraged, and say “...there is little hope the legislation will ever pass”, I have some great news. The effects of this legislation can be realized by every American who wants it to become law, even without the bill being approved by the Senate, or signed by the President. More on that in a minute.
Congressional research has uncovered and revealed a list of “findings”, which many who work in the precious metals arena have been talking about for years. It has now been recorded in the halls of Congress, that the U.S. Dollar has lost 96% of its purchasing power since the creation of the Federal Reserve in 1913. According to the statutes that apply to the operations of the Federal Reserve, one of their major goals is to “maintain stable prices”. The performance of the Dollar, however, is a damning indictment of the ability of the Fed to follow its' own guidelines. Approximately 1/3 of the purchasing power of the Dollar has vanished, since the year 2000 alone. The tendency seems ready to continue, pending the outcome of this legislation.
It is not only the U.S. Dollar that has been affected by this devaluation, compared to gold. The chart graphic below shows that many currencies have behaved in similar fashion over the last 15 years. As the bottom row indicates, the national currencies listed have lost from 7.5% to 11.7% (avg per year) value in purchasing power, compared to gold. (The data for the chart is as of 4/13/2018):
Gold Price Performance
Another related Congressional finding mentions that if the Fed is successful at attaining and maintaining their stated 2% inflation goal, the U.S. Dollar will lose half of its purchasing power every generation. This makes the best-laid financial and legacy plans ineffective, when it comes to providing for our families' financial futures. Perhaps losing 50% of purchasing power fits within their definition of “stable prices”, but it doesn't work for the average American family. You can read more about the pending legislation, and how it would impact us here.
In the same way that Americans have been fleeing high-tax states, many industries and manufacturers have been fleeing the U.S., to set up manufacturing in a non-Dollar economy. Companies don't want to be using Dollars to purchase materials, due to the devaluation that has been occurring. A loss of 50% purchasing power, in the real world, means you need twice as many Dollars to purchase the same thing. If another currency only drops 25%, you can better yourself by moving your factory there. Many have. While some say it has been due to the “corporate tax rate”, it has also been a result of the continuously devalued Dollar.
The Fluctuating Dollar
It is not only US manufacturers that have felt the pain of the fluctuating Dollar. It is also the international community, seeking to take evasive action to protect themselves. This week, the President of Turkey proposed that international loans and other funding commitments be paid in gold, instead of in U.S. Dollars. This is merely the latest in a groundswell of complaints by the rest of the world, against having to constantly adjust their reserve of Dollars on hand, because of fluctuations in the value of fiat currencies. So with pressure from both outside and inside the United States, to reintroduce gold into the commerce and trading mechanisms, it is looking more possible than ever in modern history, that gold will play a more integral role in currency and commerce.
Backing the Dollar with a Precious Metal
Such a law to tie the Dollar to precious metals is not without precedent. In the 18th Century, Congress passed a measure defining the Dollar as equal to 371.25 grains of Silver. The law was never superseded, but has long been ignored. As an example of how this can be effective, let us consider the minimum wage. In 1964, it was $1.25 per hour. If the value of the Dollar was stable, the minimum wage would never have to change. Instead, there is a movement today to raise the minimum wage to $15.00 per hour, to adjust for the decreased purchasing power of the Dollar today. If quarters were still made of silver, as in 1964, that $1.25 in silver quarters would be worth about $17.00 in today's money, which illustrates how precious metals preserve their purchasing power over time.
Gold is similarly effective. In 1964, 100 ounces of gold was worth $3,500, which would purchase 2 new cars. Today, $3,500 would only buy 1 used car, that needed work to be road ready. But 100 ounces of gold today, worth $134,000 in todays money, would buy 2 new luxury cars.
Gold's Future
Earlier, we said that the effects of this bill becoming law can be realized by every American who likes it, even if it is not ratified by the Senate, or signed by the President. For this to happen, all someone has to do is exchange some of your paper Dollars for gold (or silver). You have then exchanged certain devaluation for proven protection. Even when stock markets are climbing, they often do not offer the same level of purchasing-power-protection as precious metals, as we wrote about extensively here.
I have reached out to our local Congressman's office, to receive his input on how likely this pending legislation is to be put into law. Based on the response received, the best course of action would be to exchange some fiat currency for gold now. This will protect your financial future in the event the bill is defeated, and will prepare you for the ascent of gold prices should the bill become law. You can do your part by writing your Congressman/woman to support the bill, and by clicking here to put your family's financial future on your very own gold standard, whether the bill passes or not.
https://invest.usgoldbureau.com/news/government-movement-sound-money/
GNCP Going to DOLLARS!!!!!! IMO!!!! SOOOON!!!
DD !GNCC Capital, Inc. Update To StockholdersPress Release | 01/23/2018
GNCC Capital, Inc. Update To Stockholders
PR Newswire
LAS VEGAS, Jan. 23, 2018
LAS VEGAS, Jan. 23, 2018 /PRNewswire/ -- GNCC Capital, Inc. (OTC: GNCP) ("The Company" and/or "GNCC") acknowledges receipt of many inquiries from its stockholders and appreciates their thoughts and their input, no matter how critical. The Directors genuinely appreciate their frankness and we share their concerns.
GNCC cancelled its planned Reverse Split of its Common Stock and its name change. GNCC will not be revisiting such corporate actions whatsoever. These State Filings were published by GNCC on the OTCIQ.
The Directors are now in a position to confirm the following:
As of this date, the Company's Directors is now in a position to confirm that the Company is in very advanced talks with a publicly traded Company in order to form a Joint Venture between GNCC and that Company. GNCC now has to meet certain conditions required to be fulfilled in order to consummate this Joint Venture. GNCC's Directors are working to fulfill these conditions. These negotiations and planning have been ongoing for several months and have involved a number of outside independent parties and Consultants.
GNCC Directors feel it inappropriate to address all of these conditions in this press release; but we are now in a position to confirm that these conditions do however address many stockholder concerns; which include: the amount of outstanding shares of Common Stock, a Balance Sheet restructuring, extending the Stock Repurchase Program, an amendment of the Conversion Dates of all existing Loan Notes and the issued Preferred Stock and to complete all outstanding filings in order for GNCC to be restored to that of a "Current Filer" on the OTC Markets. There are a number of additional requirements in addition to these aforesaid requirements to be fulfilled and reported upon accordingly. The revised and updated GNCC web site will only be uploaded upon the completion of this Joint Venture as it was designed to incorporate the Joint Venture being completed.
These proposed transactions in the Joint Venture are all cash based and GNCC has to meet these requirements in order to facilitate the obtaining the Company's cash requirements. No shares of GNCC Common Stock or short dated Preferred Stock are being issued in terms of this proposed Joint Venture or for GNCC's required cash requirements. The primary rationale for this Joint Venture was for Investors to be able to spread their risk between two publicly traded Companies instead of a single Company. In the Directors' opinion, GNCC was unlikely to have met those requirements as a standalone entity.
We can confirm that the President of GNCC, Ted Blom will be responsible for day to day control and execution of the proposed Joint Venture and will serve both Companies. Mr. Blom has committed to manage these Companies interests on a full time basis. Details of his remuneration and incentive package will be filed by both Companies but only upon the completion of the Joint Venture.
GNCC, for some months now, has had a limited amount of unsecured cash financing in order to fulfill these conditions required; and has enabled GNCC to pay its normal ongoing expenses as are required by a Publicly Traded Company.
The Company's Directors are not in a position to elaborate further at this time due to the sensitive nature of the Joint Venture and the involvement of another publicly traded Company. Therefore should the Joint Venture be completed, all public statements will made available to the stockholders of both public companies and at the same time.
The GNCC Directors are cautioning that should this Joint Venture be concluded; it is a very substantial and radical departure from GNCC's previously stated objectives, policies and corporate actions. This Joint Venture as currently proposed, was engineered and focused solely upon revenue generation and an accelerated tangible asset base.
The Directors are mindful of two historical failed transactions by GNCC and are therefore taking every possible precaution in order to avoid any further failed or stalled transactions; which resulted in zero financial losses to GNCC. Nevertheless these were highly counterproductive, wasted many months of what transpired to be wasted effort and manpower; ultimately resulting in personal embarrassment to the GNCC Directors. Furthermore, in the Directors' opinion, these actions damaged the reputation of both GNCC and its Directors. The Directors are determined to restore credibility in order to protect its valued stockholders interests and are exercising extreme caution in any dealings to avoid any such reoccurrence. This restoration of trust, of which the Directors are acutely aware; takes time and a very consistent follow through upon their promises and commitments. The GNCC Directors will not disclose their timelines or give any commitments with promised completion dates until the Directors are absolutely assured that any such promises are met.
All material events will be filed on the OTCIQ as they are consummated and stockholders will be kept updated. The Company's Directors are not going to address any speculation and respectfully request that stockholders rely upon Company issued information for actual facts. The GNCC Directors consider it inappropriate at this time to answer individual inquiries from stockholders; but will update through publicly accessible OTCIQ Filings and Press Releases; upon a regular basis, or as is required for material actions.
About GNCC Capital, Inc.:
GNCC Capital, Inc. at present has assets in both Gold & Silver Mining Exploration.
Forward-Looking Statements:-
This press release may contain forward-looking statements. The words "believe," "expect," "should," "intend," "estimate," "projects," variations of such words and similar expressions identify forward-looking statements, but their absence does not mean that a statement is not a forward-looking statement. These forward-looking statements are based upon the Company's current expectations and are subject to a number of risks, uncertainties and assumptions. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Among the important factors that could cause actual results to differ significantly from those expressed or implied by such forward-looking statements are risks that are detailed in the Company's filings, which are on file with the OTC Markets Group.
Contact Information:
GNCC CAPITAL, INC.
Ronald Y Lowenthal
Nicolaas Edward "Ted" Blom
Telephone: (702) 990-0156
E Mail: corporate@gncc-capital.com
Investor Relations Contact:
E Mail: investor@gncc-capital.com
Twitter: https://twitter.com/gncccapital
View original content:http://www.prnewswire.com/news-releases/gncc-capital-inc-update-to-stockholders-
Clearing Rules Could Mean Short Cover Rally in Some Microcap
April 16, 2018 Tom Bustamante
Share this article above
(NEW YORK)–New clearing rules imposed by Alpine Securities last week could spell the end of the “toxic note” scourge, and possibly mean a short-term short cover rally in the most beating down issues.
Alpine Securities, which is one of the last clearing firms to clear shares in small micro-cap issues, imposed new rules Friday on clearing shares to market that some have labeled the “Friday the 13th of Notes Massacre“.
Alpine joined the likes of COR Clearing to impose new rules that all but kills the toxic note industry. In short the new rules as we see them is no note conversion deposits will be accepted for issues that trade below $0.01 per share, and may not exceed 20% of the previous 20-day volume average in the stock in question.
This new rule will be a big move in killing the toxic note industry that has destroyed so many micro cap issues over the past few years. But short-term some micro cap plays could see their stocks rise in what they call short covering rallies.
Some note holder shorted the issues they were funding knowing they could always use the conversions of the notes they hold to cover any short positions on the way down. Now this may only be a small % of funders who did this execution, but if notes are no longer able to be cleared like before these shorters, or market makers, will be required to cover said positions with their own cash now, or risk major losses.
Short-term this is a very positive move for micro cap issues as this may remove extreme selling pressure in some of these issues. For shareholders this is even a bigger win as this will now control the level of sharp dilution growth in any one issue over a set period of time.
Longer-term though this could be a real death nail for some smaller micro cap issues as this will all but dry up emergency funding sources for this sector, and could mean a total revamp of how these small stocks fund themselves.
Stay tuned and register for updates cause this is a developing story!
http://www.wallstreetnewscast.com/microcap-0416/
Long and Strong! $PYCT cover shorty!
This new rule will be a big move in killing the toxic note industry that has destroyed so many micro cap issues over the past few years. But short-term some micro cap plays could see their stocks rise in what they call short covering rallies.
Some note holder shorted the issues they were funding knowing they could always use the conversions of the notes they hold to cover any short positions on the way down. Now this may only be a small % of funders who did this execution, but if notes are no longer able to be cleared like before these shorters, or market makers, will be required to cover said positions with their own cash now, or risk major losses.
Short-term this is a very positive move for micro cap issues as this may remove extreme selling pressure in some of these issues. For shareholders this is even a bigger win as this will now control the level of sharp dilution growth in any one issue over a set period of time.
Longer-term though this could be a real death nail for some smaller micro cap issues as this will all but dry up emergency funding sources for this sector, and could mean a total revamp of how these small stocks fund themselves.
Stay tuned and register for updates cause this is a developing story!
http://www.wallstreetnewscast.com/microcap-0416/
PYCT Kicked the DTCC'S azzzz in!! Left hooks right hooks Kapow!!!! TKO.... Pay up!!! put the money in da PAYCHEST lol imo
If there is no short than I wouldnt worry if I was you lol but if there is! KABOOOOOOOOOOOOOM!!!!
New Clearing Rules Could Mean Short Cover Rally in Some Microcap
April 16, 2018 Tom Bustamante
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(NEW YORK)–New clearing rules imposed by Alpine Securities last week could spell the end of the “toxic note” scourge, and possibly mean a short-term short cover rally in the most beating down issues.
Alpine Securities, which is one of the last clearing firms to clear shares in small micro-cap issues, imposed new rules Friday on clearing shares to market that some have labeled the “Friday the 13th of Notes Massacre“.
Alpine joined the likes of COR Clearing to impose new rules that all but kills the toxic note industry. In short the new rules as we see them is no note conversion deposits will be accepted for issues that trade below $0.01 per share, and may not exceed 20% of the previous 20-day volume average in the stock in question.
This new rule will be a big move in killing the toxic note industry that has destroyed so many micro cap issues over the past few years. But short-term some micro cap plays could see their stocks rise in what they call short covering rallies.
Some note holder shorted the issues they were funding knowing they could always use the conversions of the notes they hold to cover any short positions on the way down. Now this may only be a small % of funders who did this execution, but if notes are no longer able to be cleared like before these shorters, or market makers, will be required to cover said positions with their own cash now, or risk major losses.
Short-term this is a very positive move for micro cap issues as this may remove extreme selling pressure in some of these issues. For shareholders this is even a bigger win as this will now control the level of sharp dilution growth in any one issue over a set period of time.
Longer-term though this could be a real death nail for some smaller micro cap issues as this will all but dry up emergency funding sources for this sector, and could mean a total revamp of how these small stocks fund themselves.
Stay tuned and register for updates cause this is a developing story!
http://www.wallstreetnewscast.com/microcap-0416/New Clearing Rules Could Mean Short Cover Rally in Some Microcap
April 16, 2018 Tom Bustamante
Share this article above
(NEW YORK)–New clearing rules imposed by Alpine Securities last week could spell the end of the “toxic note” scourge, and possibly mean a short-term short cover rally in the most beating down issues.
Alpine Securities, which is one of the last clearing firms to clear shares in small micro-cap issues, imposed new rules Friday on clearing shares to market that some have labeled the “Friday the 13th of Notes Massacre“.
Alpine joined the likes of COR Clearing to impose new rules that all but kills the toxic note industry. In short the new rules as we see them is no note conversion deposits will be accepted for issues that trade below $0.01 per share, and may not exceed 20% of the previous 20-day volume average in the stock in question.
This new rule will be a big move in killing the toxic note industry that has destroyed so many micro cap issues over the past few years. But short-term some micro cap plays could see their stocks rise in what they call short covering rallies.
Some note holder shorted the issues they were funding knowing they could always use the conversions of the notes they hold to cover any short positions on the way down. Now this may only be a small % of funders who did this execution, but if notes are no longer able to be cleared like before these shorters, or market makers, will be required to cover said positions with their own cash now, or risk major losses.
Short-term this is a very positive move for micro cap issues as this may remove extreme selling pressure in some of these issues. For shareholders this is even a bigger win as this will now control the level of sharp dilution growth in any one issue over a set period of time.
Longer-term though this could be a real death nail for some smaller micro cap issues as this will all but dry up emergency funding sources for this sector, and could mean a total revamp of how these small stocks fund themselves.
Stay tuned and register for updates cause this is a developing story!
http://www.wallstreetnewscast.com/microcap-0416/
OTC Disclosure & News
Active
Inactive
All
Publish Date Title Period End Date Status
04/22/2018 Supplemental Information - Resolution to implement Stock Repurchase Program 04/19/2018 A
04/22/2018 Officer/Director/Affiliate Stock Transactions - ACQUISITION - N E BLOM - SHARES OF SERIES G CONVERTIBLE PREFERRED STOCK 04/19/2018 A
04/22/2018 Officer/Director/Affiliate Stock Transactions - ACQUISITION - R Y LOWENTHAL - SHARES OF SERIES G CONVERTIBLE PREFERRED STOCK 04/19/2018 A
04/22/2018 Supplemental Information - Issuance of Shares of Series G Convertible Preferred Stock - Directors 04/19/2018 A
04/22/2018 Supplemental Information - Extension of Director Service & Employment Agreements - N E Blom and R Y Lowenthal 04/19/2018 A
04/22/2018 Notice of Change in Substantial Holder Interest - CANCELLATION - SERIES F CONVERTIBLE PREFERRED STOCK - DAVID JACK HARRIS 04/19/2018 A
04/22/2018 Notice of Change in Substantial Holder Interest - CANCELLATION - SERIES F CONVERTIBLE PREFERRED STOCK - BEN B STEIN 04/19/2018 A
04/22/2018 Notice of Change in Substantial Holder Interest - CANCELLATION - SERIES F CONVERTIBLE PREFERRED STOCK - JACK REYBOLD 04/19/2018 A
04/22/2018 Supplemental Information - CANCELLATION OF ALL ISSUED SERIES F CONVERTIBLE PREFERRED STOCK 04/19/2018 A
04/22/2018 Supplemental Information - CANCELLATION OF SHARES OF THE COMPANY'S COMMON STOCK 04/19/2018 A
04/22/2018 Supplemental Information - Waiver of Interest Payments on all Issued Convertible Loan Notes and EXCHANGE OF SAME TO SHARES OF SERIES X CONVERTIBLE PREFERRED STOCK 04/19/2018 A
04/22/2018 Articles of Incorporation - DESIGNATION OF SHARES OF SERIES X CONVERTIBLE PREFERRED STOCK
https://www.otcmarkets.com/stock/GNCP/disclosure
Octaex Exchange ($15m/day AND GROWING FAST!!!) is the next large exchange to list NYC. **Lots more coming in May**. *The world shall know the power of NYC*. (coinmarketcap.com)
submitted 8 minutes ago by hivewalletvictim
https://www.reddit.com/r/NewYorkCoin/comments/8e7uum/octaex_exchange_15mday_and_growing_fast_is_the/
http://newyorkcoin.net/img/bitt-bg.jpg
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