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Once PDIV converts all the preferreds they can give shares of PDIV away.
There will be a trillion GNCP shares at that time (yes trillion). They can give 1 PDIV share for ever 10,000 GNCP shares in a buy out. PDIV can do the vote since they will have the majority of the GNCP shares. NO REVERSE SPLIT THIS WAY.
Or perhaps GNCP shareholders would like a 6,800% dividend? PDIV can pay GNCP with a trillion preferred shares for the GNCP assets. The preferred will pay when they sell the GNCP properties. NOTE: This could take a few decades to happen. Don't worry that GNCP and PDIV are both revoked by then and everyone else is laughing. Waiting for 6800% is twice as a good as waiting for a 3400% dividend, so it can be twice as long.
Of course this was talked about when Againstallodds found PDIV in 2018. This way there is no reverse split. But what do bashers know besides how to do DD, interprete the facts and follow the trail?
If PDIV converts 2.1% of the preferred shares - the 1,262,983 preferred shares acquired on the 25th - that will add another 25.2 billion common shares. They did state they were going to increase their holdings.
That should take the outstanding to over 61 billion. An increase of 47 billion in 12 months.
Definitely wait before you put in any buy orders.
It's not like selling is an option anymore.
Is Lumb involved? Who actually controls the company? Who owns the preferreds? Where does all the common share holders money go? Who got the money for all 17 billion shares added in the last 6 years?
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http://backend.otcmarkets.com/otcapi/company/financial-report/115373/content
That filing is here. If you open it Microsoft edge you might not get the ability to look at document properties. It does work in internet explorer. Right click on the PDF filing and select properties.
This filings document properties shows it came straight from lumbs computer. After this was posted on Ihub he was smart enough to remove personal details from future documents before submitting. He must read the board.
BONUS FUN FACT!!
Notice the 6 billion shares at that time. 4 months before that it was a paltry 423,132,134. With the OTC markets old 35.9 Bilion shares that is an average 23,400,000 shares added a day for 1530 DAYS!!
23.4 million/day is equal to 624 trades of 37,500/day!! Everyday!! The 37,500 trade is probably not changing much!!
Keep in mind when listening to made up rumors.
I'm surprised Lowenthal even was involved.
What is confusing? You cant find the part that says the float and outstanding are only 2 billion?
Do you understand that when it is stated that the preferred shares can dilute to a trillion
shares that is NOT an over estimate.
Short sales are not reported. Just short marked trades. Here come the conspiracy theories to explain poor DD and the inability to understand filings.
So back to the 37,500 trade. I still think a trade of 0.0000375 billion shares is irrelevant in the grand scheme of things.
On another topic, did shareholders ask to be completely diluted in the Q&A? How many did shares did you ask for.
Did you ask to have all the preferreds canceled? I guess with no money, the only other option to cancel them was to first convert them. Only 1 trillion to go!!!
There needs to be some time for longs to acquire more money and take a rest from being bent over so hard.
Dont worry, they never give up the fight for justice. Just like those truely dedicated to looking for unicorns.
They just took action instead.
You want the mining sale canceled, they did it.
You wanted 17 billion shares added to reduce your piece of the pie, they did it.
You wanted Biocann to be canceled, they did it.
You wanted someone to take control of the company through converting preferreds, they did it.
You wanted a deal with a South African tire shop, they did it.
Remember no actual financial filings till the new year; so it a good time to get things done.
They dont care about any dead shells like GNCP. ever. at all. The entire OTC market of the sub penny shells trades in a year what bond market does in a minute. They dont care at all. Not a single MM or real trader has it on any radar. They would laugh at you if you were in the same room. Just like FFGO. Its ridiculous to think these have any importance. Look at them -- THEY ARE ALL DEAD SHELLS WITH ZERO BUSINESS ACTIVITIES EVER.
True. That why what he said was a true statement and what you said is false. Re read the post and your answer.
They might if it was something real. Sub penny are mostly shells and your warnings are clear. You still after everything defend the company lol. SEC cant help you. If they did you would fight them.
It is a true statement and has been explained many times. Having examples to the contrary does not change the statement unless you misread it. Revocked with no transfer agent for 6 years and the DTC will invoke PREM. They have done 1000's of old worthless stocks and bonds. Rule came out in 2003.
Summer 2018 float is 13 billion. What did some misread the news releases as?
SevenTenEleven Thursday, 06/28/18 09:08:45 AMRe: PickleNick post# 1157430Post # of 154642
GNCP - Looks like only 1.2’ish Billion...
Has anyone asked company why the affiliates sold there shares to PDIV instead of letting the company cancel them like they announced?
The outstanding would be at 20.5 billion if they could have cancelled them instead of the current 35.5 billion.
Float of course does change, yet.
35 billion outstanding with another 12 on the way. Float ready to go over 20 billion in a few months when the restrictions end.
PDIV getting more shares converted to get a majority share.
Only 10 months ago it was only 13 billion.
Do you think there is one MM out there that has heard of GNCP? Unlikely. If they know it, they know it as the stock the nut jobs call about. They probably laugh and laugh.
The will start increasing the float to match the 35 billion outstanding. It will take time. Not many to buy conversion until a new campaign starts. Maybe 18 months.
There are lots of web sites that explain stock market terms. When a shareholder is aquiring and disposing of shares they are not cancelling them. They are talking about their own accounts, not the float.
When PDIV acquires GNCP shares they dont use them at PDIV, they are still GNCP shares. It means they have aquired part of GNCP. PDIV has its own shares to represent their actual company.
When an affilate disposes of shares they are not destroying them. It means that they have sold them. Its a stock market thing.
You should consider getting an investment advisor.
With O/S Now To Reflect All of these Shares Acquired (15B) and Disposed (15B) to PDIV that leaves us with ONLY...............
5,906,920,766!!!!!!!!!!!!!!!!!!!!!!!!
So when the preferred B convert GNCP will have 50 Billion shares. That must be what shareholders wanted. I know I wrote a 100 letters asking for it. So many couldnt buy at 0.0001, I thought it would help them out.
The extraordinary dividend can be in PDIV shares. They can value them at 24 cents each. That wouldnt be ordinary, it would extraordinary.
You wont get many but you can buy more as PDIV gets distributed because PDIV WILL HAVE THE GOLD IN DEM HILLS!
The force is not strong in this one.
Confusing float and outstanding.
They are NOT canceling shares they are transferring them.
You also forgot they converted shares to 35 billion.
PDIV OWNS 15 BILLION of the outstanding THEMSELVES all the new shares a tweet originally said were canceled. Unless the tweet refers to the B shares that are being converted.
There cant be 1.7 billion and that should be obvious.
Instead of reverse split they are just going to move the assets to a new company. So far PDIV has taken 41.78% of GNCP.
There is enough conversion to add a trillion shares to GNCP. They can move 99% of the assets to PDIV. GNCP will just be a holding company.
Then your dividend will come lol. Every 10 million shares will get you $50 if they sell the assets for $5 million. Be lucky if they get that. The last sale couldn't pay the secured preferreds off, so it's not much more if not less.
Personally I don't think there was a sale but it opened a door for a big conversion, for the vote.
Do you understand what acquire means? IF you acquire GNCP stock do you think the outstanding goes down? Acquire does not mean cancel. The cancel isn't happening, that was tweet not a filing lol. Instead of cancelling the affiliates sold the shares off market to PDIV.
The outstanding is 35 billion or 7 times what you seem to think and it is not going down but going up with the coming conversions to increase PDIV's stake.
With O/S Now To Reflect All of these Shares Acquired (15B) and Disposed (15B) to PDIV that leaves us with ONLY...............
5,906,920,766!!!!!!!!!!!!!!!!!!!!!!!!
It was bad news today for GNCP. Originally the company said the preferred holders were cancelling stock but it just got transferred to PDIV. There is now 35.5 billion outstanding shares. Just think, 12 months ago there was 13.5 Billion. Now after all the good news there is 22 Billion more.
And none of this counts the Preferred B's that since MUST be converted. That should add another 11.2 billion. They were used to do a vote in February so they must already be issued but just not outstanding. They could not have done the vote without them. Otherwise they did and filed and illegal corporate action. Either they did a vote or not. GNCP states they did a vote.
Page 79 https://backend.otcmarkets.com/otcapi/company/financial-report/222039/content
NOTE TO ISSUANCES:- On February 2019, shareholders representing an amount of 560,000 shares of Series “B” Convertible Preferred Stock served Notices of Conversion to shares of Common Stock. This will increase in the amount of outstanding Common Stock as was required to secure the majority shareholder vote to acquire the entire issued capital of BioCann Pharma S.A.S. These conversions have not as yet been effected and it is envisaged that they will be in and during May of 2019.
Adding 15 billion shares back of the 17 removed for 'shareholders'. GNCP has altered the deal. Shareholders should just be happen they haven't altered it farther.
The official insiders never sell. That is not there job here. There job is to be the insiders. The preferred holders have all the say and own 99% of the company. But since their shares dont vote they dont report as insiders.
If they had to convert 560,000 preferred B shares they would have forced to file as insiders.
OR, if these are the Preferred B shares then I suspect that they threw them away to get the vote done and increase the float. By giving them off market to TED and RON to file, the affiliates (read LUMB) does not get caught in the restrictive insider trading rules. As you have probably noticed RON and TED only have the heavily restricted preferred F shares. They are not in control here because those are useless.
You might wonder why throw them away? They have a TRILLION to convert that can never be sold into this market so it is irrelevant. In that situation you sell what you can.
So it's one of two options I can see.
Basically, if you buy more than 20% you have to say that. I'm still sure TED and RON are figureheads.
However by increasing the outstanding to 35 billion they have increased the 5% rule to 1.75 billion shares and the 10% to 3.5 billion shares.
The preferred B conversion was not going to be possible without someone getting to the 10%. I have been mentioning this for awhile but I'm pretty sure it goes over most peoples heads.
They have ALREADY stated that they converted the Preferred "B" shares to do the vote in February. These are DONE. They have not been reported.
I was totalling the amounts everyone owned to prove that it was not possible to convert 560,000 shares without someone going over 10% and then fall under the 10% rule. Although a lot own Preferred B shares, most only own a little.
This just changed it. Now adding 3.45 billion shares will not result in LUMB or others from having to fall under the restrictive insider trading rules that start at 10%.
Yep, that company did not have any preferreds or other consideration unless they bought it off market. Well officially anyway. It's not like all these companies are owed by separate people.
Maybe it is the trade for JENGU. Some people probably thought it was an arms length transfer.
These are entitys that had or have Preferred B. It is as far as I got in reconciling all the filings.
Searchlight Exploration, LLC
Anaconda Exploration, LLC
Diamond Peak Resource Corporation
Middle Verde Development
Angel Vest, LLC
Liberty Investment Services Lt
Western Treasure Holdings Corp
Streetside Holdings AG
Sanassiou Investments, Inc
Highwave Management Corp.
The Active Value Corporation
Neutral Bay Investments, S.A
McIntyre Mines, LLC
La Paz Gold Mines, LLC
United Oatman Gold Mines, LLC
Treasure King Mines, LLC
Mount Cruachan Mines, LLC
Big John Gold Mines, LLC
McCracken Gold, Inc
Copper Cliff Gold, Inc.
Stelan Real Estate Management
Clark Copper Mines, LLC
Vulture Equity Management, Inc.
Matrix Investment Solutions AG
Trident Asset Management Corp
third party
Do you think talking about old scams that are dead for over a decade encourages new buyers here. 'you too can have this fate, a monster dividend from a dissolved, revocked, dead company; you just have to wait'
Shareholders must have wanted this. They canceled the 17 billion because shareholders only wanted 15 billion extra not 17 billion.
Not a word of where the shares came from? Nearly every other filing stated where they came from. Is this conversion?
This company never had any convertibles before unless they bought them off market. That should have been reported like all the other ones were. Might take 4 more days, they had to get the good news of fulfilling share holding dreams out first.
Unless this is the 560,000 preferred B conversion. The VWAP at the conversion time must have been 0.000 075 for a conversion at 0.000 037 33333. They would have had to buy the Preferred B's from someone.
Another theory based on nothing. You should work with facts.
I work in the disconnected business and have never traded a stock below a penny, ever; and personal do not know anyone who ever has. It's fools game and as you read the board it's all you find.
Just because I seem to know a lot more than tweet reader doesn't mean I work for a hedge fund. I just actually read the filings and dissect them. I draw conclusions from that not from a predetermined conspiracy theory.
All the talk about 37,500 shares, little short positions - wasted DD. Not one person doing DD here notices the company adds 81 billion potential common shares or can even think of the advantage of the Preferred B increase?
Fantasy SHORTS and conspiracy brokers an but no DD to see what the actual share count or additions actual are - EVER - to see if your on the right track. No DD on the companies actual worth to see if the company is worth anything - EVER.
LIKE THE SISTERS the lack of DD has put the analysis off the track.
By increasing the Preferred B shares they have reduced what 10% of them are. There are no insider filings about the Preferred B shares lately including the 560,000 disposition.
I'm in the middle of figuring out if it possible to convert 560,000 with out reporting it as a 10% change in insider positions. Reducing the Preferred B's by around 30% changes things.
All the time you thought there were shorts it was just the company adding shares. The evidence is there. There is no evidence for any shorts. Those converting shares and adding shares convinced youotherwise. You have the wrong target.
Have you guys not figured out that those estimates are all bogus?
NO estimate without a detailed exploration is worth NOTHING. IF you gold experience if from the sisters, you don't have any.
remember the estimate about the value of Mockingbird, today billions of $.
It is something that can be also applied for. DTCC probably gave TD permission and that is what they refer to.
If the certificates are held by the DTCC then they remove them after 6 years or the broker pays a large increased monthly storage fee. They are automatically removed by the DTC after giving notice; unless someone makes a case of why they should not be and agrees to pay the monthly fee. A company with no contact information would not fit into this category.
The information is all easily available and has been linked and copied here many times.
Delisted, revocked, dead, company gone, nothing heard from the company, no way to contact the company and now shares removed from account for shredding. Shareholders after having it explained.