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Zero chance of that happening here. Did you just find out about real markets?
You don't have mines. The property is worth less than you over paid for it.
For example - GNCP paid a hilarious $150 MILLION for Biocann which was worth nothing. The rental mining property is the same. It was never worth anything and with zero exploration it is worth nothing.
The previous 'sales deal' was not enough revenue to even cover all the secured preferreds (according to GNCP) let alone the rest of the preferreds or a common dividend. That means it was worth less than 10 million. Maybe a lot less. That is a fact and that is from the company.
Volume has gone to zero and the float is too high to convert and sell anymore shares. Time to close. Many of the true believers might still get brought over to buy PDIV shares as the price goes down to 0.0001 over the next few years. They will think they are getting a deal and talk about the old days when PDIV was a dollar for part of a day.
Why would they pay you lol? 0.01 would value GNCP at 6 billion dollars lmao. THat is what an actual large gold producer is worth, not a flaky OTC shell that rents over paid for claims, that have no exploration. Don't blame me for the facts, it doesn't change them.
They don't have to pay you anything if they own 95%. At best they might pay 0.0001, but why give away proceeds from selling shares? Some type of freeze out and shut down is easier.
Think a little deeper - how did the common vote to cancel the dividend to the preferreds share holders, what is due in the contracts?? There are multiple holders of multiple different preferred classes. Multiple funds owning different classes!!!
How did the preferred A shares converters get to vote to change the preferred deal for all the rest of the preferred classes and holders?
How?
Because all of them are the same person. There is a serious lack of critical thinking here.
Not exactly accurate. The preferreds are getting converted so there are no dividends. THis can also change, it was voted on by common share holders not by preferred shareholders.
Not exactly accurate. The preferreds are getting converted so there are no dividends. This can also change, it was voted on by common share holders not by preferred shareholders.
PDIV isnt GNCP. You own the one that just git diluted to nothing.
Except that was a scam and no money changed hands. Hardly a good example. Completely unbelievable to any one except a newbie.
Your previous example a couple months ago showed that the claims were worth under a million.
I was off by half a week when i said zero volume going forward.
By the time you start figuring out what went on, there will no one here to listen. But i would bring up HGLC concerns with the company , not the GNCP board.
It has no employees. It has a lot of preferreds which are worth more than the assets which gives common shares a negative value.
It owns no land or claims. It rents claims which do nothing but sit and cost 300k a year in rental maintenance. other costs it yearly incurs are larger. It has done nearly no exploration on any properties.
It comes from a history of share selling. The major affiliate used to write the filings for the company although they were signed by the president. No reason to think he still doesn't.
It is not big as a company. It has no business.
It shouldn't be a surprise for GNCP shareholders (which are not PDIV shareholders) if they read and understand the PDIV filings. It is better than opinions.
Have you figured out what a squeeze out is yet? It is a stock market term that refers to what happens to minority shareholders in a take over, such as what PDIV is doing to GNCP.
When PDIV pays GNCP minority shareholders 0.00005, the whole debacle of the GNCP and the sisters will be finally over. Shareholders will know there is nothing left and can finally rest, especially the ones waiting since 2005. No fantasy dividends. No imaginary shorts.
The million that the affiliates pay to force out minority shareholders will just be a small cost in the whole scheme. Pretty brilliant actually since not a single complaint will be heard from the fan club.
It and all the sisters will all become a distant memory.
Helping? You must be mistaken in what you think is happening again. They are doing what could be considered a hostile takeover.
I'd give that 18 months. It took GNCP longer than that.
Can you list the official locations of the claims you refer to. Also, If they were not in GNCP financials then GNCP doesnt have them. If you can list them, it can be checked who controls them. A name will obviouly not suffice.
If PDIV paid more than 0.00005 for shares they would be violating their legal fiduciary duty to their own shareholders and company.
PDIV will be forced to pay minority shareholders the highest paid price PDIV paid for shares. This a law to protect minority shareholders. It is part in parcel with the requirement of why shareholders over 5% must start reporting transactions.
Usually on a real company this works out ok for everyone; since as a takeover party buys up shares they raise the price. It then prevents the last 5% from extorting an unfair price which 95% have agreed to.
In this situation as has been explained for over a year; the preferreds convert to nearly a trillion shares and zero common shares need to be purchased on the market for a 99% holding. It is part of the toxic funding issue. There is no share price increase to get to an over 95% holding. It still does protect shareholders who could end with zero in a freeze out.
A 95% holder can force you out and your sold at thst price. It's called a squeeze out. Your paid the highest price they paid. A freeze out could be worse.
They only need a $1,050,000 to buy 21 billion shares at 0.00005 they don't own. At an arms length, they probably have only buy about 17 billion.
I don't think he is sweating. They only people that should really complain still support him. I think this could be a master plan of collapsing GNCP to nothing and then taking PDIV private, and then there is nothing. I find it quite interesting like playing a game of mystery.
If they were only 340% you might have checked if the assets still existed. However they have made impossible for you to check, so you wait.
Still can't see what is going on. How?
Last week was the lowest volume for years. Is that from pressure? Is that what you define as pressure? Were the MM the buyers before and they have now stopped with all the announced dilution and potential for a forced squeeze out?
Do you think the Lumb fan club will buy PDIV as it dilutes and heads for 0.0001 like they did with GNCP?
You think there will be a short squeeze on a stock that affiliates are willing to sell at 0.00005? They just sold nine times the entire float at that price. Perhaps you don't understand what the filings are talking about?
Besides people like yourself are willing to sell, insiders are just beating you to it with the free shares. You were probably hoping to talk others into buying to dump your shares again. You just went back to well one to many times.
Not really. It started when the buying stopped. Anyone can buy any day as much as they want. There is no problem acquiring shares of a shell that is adding them beyond shareholder buying capability.
When the buying stopped from the other promotions, the next step in the plan happened. You don't think GNCP got current for nothing do you?
Its called no buying.
On PDIV? Your on the wrong board. PDIV is doing a hostile takeover of GNCP. You should have bought here at 2 cents last year.
1. Your on the wrong board.
2. PDIV can force you to sell your GNCP shares for 0.00005.
3. There are no shorts and no evidence of any.
4. There are no resource estimates.
5. A billion dollar dividend to GNCP share holders is 0.0001 a share. ( but there is no reason to think there will be one)
0.00005. Squeeze out not buyback. At 95% the can force you to sell.
There is no sale going on. PDIV can squeeze out GNCP shareholders and pay them 0.00005 a share on a buyout.
Proven or possible?
link to your proven which is not a link to possible.
There is nothing proven in the least. Assets are not worth a million.
There is also no reason to think there are any shorts. Selling is just from people like yourself who have stated large personal selling and affiliates who have done selling considerable larger selling. Math doesnt add up for any shorting.
They are just starting up the cannabis business. You cant expect much from it for a year or two. Biocann was given 18 months to try and start something.
Maybe after PDIV does the hostile takeover they will have something to say.
Once PDIV owns more than 50% of GNCP they will have include GNCP in their financials. Revenue and expenses will not have to be split out either. Well, if they start filing. They will also probably see no point wasting money on filing GNCP financials after they take over. Of course if GNCP wasnt current it would have not been easy to pull off all these conversions and additional shares with the agencies. Good thing GNCP got current.
100's of billions of shares getting added, possible complete loss for common shareholders going on - and trades of 37,500, worth less than cheeseburger, are your concern?
At 95% they are in a 'freeze-out' or 'squeeze-out' position. It will interesting to see how they do it in a way that will keep you waiting for years after you have already lost.
Premier states in the latest release that GNCP is very illiquid in trading. A reverse split would fix that up! PDIV never said they wouldn't reverse split GNCP; and as the majority shareholder they can do what they want, when they want. They could decide that having around 300,000 shares in the float like PDIV is the way to go. That would require around 1,400,000 to 1 reverse split if 21 billion is 5% (21 Billion is the common that PDIV doesn't own).
They can cancel fractional shares after that with a meager payout. Value GNCP at 40 million and common would get nothing after taking preferreds (worth more than that) into consideration. It would be a tough legal argument to state GNCP is worth more than that in court.
However luckily for you Wyoming has a law that states the takeover company must pay a minimum to dissenting shareholders! That would be 0.00005 which is the price they are paying for their shares.
If a 1980 report stated that the property was worth billions, it would not have been bought 25 years later for millions using OTC shell preferred funny money. It would have already been bought and developed.
This is good way to effect the reverse split as was talked about last year. Reverse merger the reverse split. It's all of sudden surprise to the longs LMAO.
If shorty was worried there might be volume, but since he is imaginary, there isn't.
Why screw imaginary shorty when you guys line up for it time after time. You even say thank you after it.