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Yeah, and that includes the "management" who after 13 years of not really trying are satisfied with the results of achieving precisely nothing. And 49 billion share for what?
LOL@U
Big long and expecting 240.00 3 years out if not sooner.
Careful Layton! Engaging in this kind of banter is not unlike having a spirited debate with a table lamp as to what to feed a unicorn.
Stay sharp.
Never was a problem for GME and AMC.
Notice the data when it goes above 100% for GME AMC. Naked! Do your own calculation. The data is all there on the charts.
https://www.marketbeat.com/stocks/NYSE/GME/short-interest/
https://www.marketbeat.com/stocks/NYSE/AMC/short-interest/
For normal people who don't fall for conspiracy theories, this authoritative website should put that whole naked short business to bed once and for all. For everyone else, no amount of factual, reliable, authoritative information is EVER going to be enough.
Plug in GNCP for as many reporting periods as you like and you will find nothing to support their Bullshit narrative about some 200 billion naked short.
https://otce.finra.org/otce/equityShortInterest
If that's all it has ever taken, then why do more? They are already spinning straw into gold without a functioning business. They are geniuses.
Just so you know, before all that dumb money from Meme stocks back in Feb happened to rain down on this and many an OTC, GNCP marked time for almost 5 years at between no bid and .0001.
You're in for a long slow ride if history has any say in it.
Please plug in GNCP here:
https://otce.finra.org/otce/equityShortInterest
This the only proof ever shown here regarding shorts that we can all agree is authoritative (FINRA) and it show little or none over the entirety of GNCP's existence.
You see, you can find a naked short position in a publicly traded SEC registrant that almost everyone has heard of but because of the incredible power of a thinly traded piece of OTC trash like GNCP, that bit of information requires you to be a "TRUE" shareholder at which point you will receive a decoder rings when you send GCNP proof of ownership.
https://www.marketbeat.com/stocks/NYSE/GME/short-interest/
One place you will never find it is here....
https://otce.finra.org/otce/equityShortInterest
This is where it absolutely should show up if it exists at all.
Just keeping it real for all those who do not have your best interest at heart.
You're welcome.
TFF, on that you are correct. There are no exact words that state that point. There is however a repudiation of any notion that they are involved now or ever or in the future in any lawsuit dealing with the NSS. While not an out an out explicit statement that they reject the notion of an NSS (a certain lawsuit), it certainly is a stretch to say that this statement doesn't somehow weaken the notion of its existence.
Nice double speak, eh? Your wiggle room just got a little narrower.
12. PARTICIPATION IN ANY LAWSUITS:-
Despite internet speculation that your Company is a Plaintiff in a certain lawsuit, your
Directors can confirm that your Company is not engaged, never has been; nor does it intend
to be engaged in any lawsuits of whatsoever nature.
Please explain how this statement gives you confidence one exists. Nice how rather than stating NSS lawsuit, they simple refer to it as a "a certain lawsuit" . These guys are expert in laying the seeds for continued "specolation". And no one better than you knows how to run with it.
By all means, carry on. Just because dogecoin is a joke, doesn't mean you can't make money on it. Wink Wink.
"Your Directors wish to point out that a disposal of these assets would render our Company
as a “Shell”; that is not in the best interests of our shareholders. "
They busted their ass working to get the Lawyer Letter written and re-written how many times to pass muster that they weren't a shell?
Yeah, dividend are in the offing. LOL
LOL, you wanted proof!
http://www.otcmarkets.com/financialReportViewer?id=286690
ANd lumb writes the financials...!!!!!!LOLOLO
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=95937435
Upon further enquiries by your Directors, we have now been advised (but not as yet been
verified) that in Stelan’s opinion; that this entire amount of 3,900,000,000 (Three billion nine
hundred thousand) shares of Common Stock was sold into the market and by disinterred,
unrelated third party shareholders whom had purchased the aforesaid shares of GNCP Common
Stock from Stelan.
The Company’s Transfer Agent has recorded and has now verified to ourselves that appropriate
DWAC instructions in respect of the transfer of these of shares of Common Stock; and from
these unrelated shareholders were received on Thursday May 27, 2021 and were executed upon
and at 12:55 PM EST on that date.
Whilst Stelan believes that this entire amount was sold and into the open market by third
unrelated parties; neither Stelan (nor ourselves) are in a position to verify and nor to prove the
same. ARE YOU FREAKIN KIDDING ME???STELAN IS LUMB AND LUMB DOESN"T KNOW WHAT LUMB DID?????? LOLOLOLOLO
It is and was always Stelan’s right (and as recorded upon our OTCIQ Filings) and it was indeed
always very obvious to all shareholders that Stelan was permitted to sell their shares of Common
Stock and this they did; and upon these “off market” transactions; and/or in any manner that
Stelan deemed fit, appropriate and/or necessary. The Directors of GNCP have no control over
any such transactions by any shareholder.
We had advised our stockholders that Stelan was not a “Friendly Shareholder” and that Premier
Development & Investment, Inc. had recently acquired a Loan due and payable by GNCP and
from Stelan. A Link: https://backend.otcmarkets.com/otcapi/company/financialreport/284469/content
LOL!!!! And they wonder why we read this board. Comedy gold!
LOL, you can't swing a dead cat without hitting a scam these rubes haven't fallen for.
QFS my left big toe!!!!
I read this article and laughed and laughed.
More conspiracy theory bullshite!
https://standupamericaus.org/the-quantum-financial-system/
TFF, Will this QFS Financial System be running on Quantum computers? Somebody better go tell the researchers at UC Riverside,
UC Berkeley, UCLA, and UC Santa Barbara that they are wasting their time because quantum computers are already in the hands of the banking system. For that matter, somebody at Bank of America, where I keep both my personal and business checking accounts has failed to mention anything about this change. NO mention in the past or present. And what about my brokers ETrade and Interactive. Why are they not alerting me of this change. Wow, somebody has really dropped the ball.
https://scitechdaily.com/a-quantum-leap-for-quantum-computing/
Whombat, It would be my pleasure. And it is well traveled ground and understood by all high achieving traders.
This give you a great rundown....
https://www.investopedia.com/terms/s/shareturnover.asp#:~:text=Share%20turnover%20is%20a%20measure,more%20liquid%20company%20shares%20are.
Yeah! Saved by the window dressing. The VWAP was $ 0.000581.
But I fully understand the sentiment in your characterization this being a good say.
"Some of us chose delusion over despair." It is very human and definitely a survival trait evolutionary selection has favored.
That happened to me once. Here's the story. It was no big deal. First, the company I shorted pays a regular quarterly dividend so I know I had that exposure when I opened the short. The stock was trading at 171.50, and pays a .50 share every quarter. It is important to note exactly when you sell shares short. If the stock is short on the record date, a short will owe the dividend to their broker.
So I opened a 500 share short on SWK@, an Apple chip supplier. I also own a legacy long position in over 2000 share I acquired in 2015. I pulled in 85,745.70 and simultaneously bought 5 one month out 180 strike calls contracts for upside protection using the proceeds of the short to pay for the calls costing me 2.65 a contract. Net net, my short proceeds were 84425.00. By the way, that's the right way to play a short in order not to get a gamma squeeze.
So yes, I was responsible for the dividend as I was short as of the record date. I was aware of that. So my dividend exposure that was released from my short proceeds, 500 @ .50, $250.00 which came out of my 84k proceeds leaving me with 84,175, or a breakeven basis of 168.35. Best part of all of this, brokers manage the entire process. I only had to manage my trade.
Long story short, SWK@ has a pattern of trending lower ex dividend even in excess of the ex-dividend trading pattern. Still made money as I was able to close my short at 163.70 and make a cool 4,650 for about a 8 business day holding period. Didn't need quite a month of upside protection the 180 call provided me and still made some money on the long calls.
See, not so bad. Here's a caveat that you may be thinking is hard for shorty to manage, and that is that the company cannot simply declare and pay a dividend it does not have the money to pay. And it certainly isn't the short positions responsibility to generate if the company in question doesn't have the cash to be able to declare and pay a dividend.
And hey, no one has been indicted yet. A buyside thesis if ever there was one!
Why isn't this company 150.00 a share yet?
LOL
This should be the only authoritative source from which to draw any conclusion about any so-called short, naked or otherwise. But alas, if you subscribe to the alternative universe theory espoused by so many a stock board tout, you have to know that "shorty" does not disclose his illegal short position. Only a "True" shareholder has access to that information to the exclusion of all financial market regulatory authorities.
Hope that help you understand why the factual information you posted will never gain traction with the GNCP deluded faithful.
Hey Moe!
TFF, please refer to this when you want to monitor the short position in GNCP and reconcile it to your sources and dissect any discrepancies. Call FINRA and straighten them out with your findings. They will appreciate you setting them straight. :)
https://otce.finra.org/otce/equityShortInterest
If you can disentangle the double speak in this sententious nothing burger of a CL, the section about any bullshit dividend from an in substance insolvent company, was effectively put to death or at best, indefinite hold. And FWIW, this company does 13 years of doing nothing like standing on their heads.
8. TREATMENT OF OUR INTERESTS IN MINING EXPLORATION PROPERTIES:-
As previously discussed over many months, your Directors are acutely aware that our
shareholders would prefer (and if I may say, pretty much demand) to see a sale of all our
Mining Exploration interests and the payment of an Extraordinary Dividend. We wish to
stress that we assume this is true, solely based upon numerous shareholder communications
and their extensive commentary on various internet stock forums. Obviously short of
calling an Extraordinary General Meeting and putting this issue to a vote; we cannot be
absolutely sure of our assumptions.
If this exercise is going to be undertaken, the Directors believe that it would be more
prudent to invest funds and time into improving and where applicable, increasing the claim
blocks; resulting in these properties being more valuable. Again, we are of the opinion that
our shareholders are not interested in our doing so.
Insofar as the Dividend process is concerned, your Directors have familiarized themselves
with the process as this was “top of our agenda” in August of last year.
Now in order to undertake this exercise, two items need to happen; and as follows:-
Your Directors will need to “strike an amicable and sensible” deal with the holders of
certain Classes of our Convertible Preferred Stock given that these certain classes are
effectively secured by some of these Exploration interests. Secondly, this would amount to
a Corporate Action, meaning that a Dividend Declaration, Record Date and the Pay Date
would require the prior approval of FINRA.
Your Directors wish to point out that a disposal of these assets would render our Company
as a “Shell”; that is not in the best interests of our shareholders. Hence our acquisition
policy which I address further on in my letter. A real win for all of us would be a disposal,
dividends but our still having a revenue producing and profitable Company continuing to
do business; and successfully.
Your Directors will be dealing with these various issues and to their utmost to secure a
“win-win” deal for our shareholders and for those aforementioned secured Convertible
Preferred Stockholders.
At this point, your Directors are very bullish on the outlook for both Gold and Silver prices;
if we are correct in our assumptions, this bodes very well for your Company
Whomby, well noted. Just can't wait for him to answer. I am responding to a post of his yesterday that had the trading statistics on GNCP that showed that it traded its float. BIG DUCKEN FEAL! All stocks trade their float. Some trade it in a matter of days as in the case with highly liquid actively traded issues, and some it takes a year or more as is typically the case for illiquid thinly traded junk like GNCP until just this past few months.
FWIW, It's a commonly used metric by some traders to measure a stocks liquidity called "Share Turnover", not some decoder ring bullshit naked short detector like TFF would like to believe.
Here's a good link for a quick rundown for share turnover.
https://www.investopedia.com/terms/s/shareturnover.asp
Ask Lowie if 3400% dividends from revoked FFGO are worth waiting for.
Spoiler alert. "What the frick are you talking about??? In what world does a revoked scam pay a dividend? Have you not been paying attention???"
Unpatented mining claims administered by the BLM????!!!!! Get a rope!
The White Hills Property is located on approximately 1678 acres of lode mining claims
on land administered by the Bureau of Land Management (BLM). The property consists
of 94 unpatented mining claims.
Thanks for the link. What a waste of electrons!
Rock farms! All of them. Found these on Ebay. I can get mining claims on ebay! Why the hell would I want mining claims by owning a pink sheet woofer that only owns them through a leasing agreement with a 3rd party and no clear title?
https://www.ebay.com/sch/i.html?_from=R40&_trksid=p2323012.m570.l1313&_nkw=mining+claims&_sacat=0
Yeah, but then there's this...
The Company has clearly stated that it is not in the business of “going mining”. with all of the attendant problems
associated therewith and the enormous amount of Management required; but to add value through extensive
exploration work and then to either (a) dispose of properties for cash (b) contract the mining of the properties to
a third party ...
Under our gold and silver Project Acquisition Agreements there are minimum work expenditure requirements per
year per project. Also, we are required to pay the United States Bureau of Land Management (BLM) annual claim
maintenance fees for our claims. If the claim vendors pay the BLM claim maintenance fees on our behalf (and
they are not required to do so), we are required to reimburse them on demand. If we fail to pay any amounts due
to the claim vendors within the requisite cure periods, the claim vendors may terminate our rights to our claims.
POPCORN FARM!
What is your cost? Are you sitting on an unrealized gain? If you are, liquidate. Lots of better alternative out there. And 76k isn't chump change.
The clown get up is redundant. Just sayin.
Premier has not as yet formulated a decision as to the terms of this loan to GNCC and in the immediate term.
So the only question is, what is the conversion feature? Similar to all this 202 pages worth of convertible loans in their last quarterly disclosure.
Yeah, that is the rest of the story.
NO, that anomalous event was attributed to Wallstreetbets millionaires parking some stupid huge gains from meme stocks into OTCBB stock writ large. Several dead tickers suddenly came to life including this one after the WSB cleaned up on GME AMC and few others and graced you with some of their gains. That crew has moved on and won't come back ever again. They got what they wanted and have moved on to greener pastures. This stock is still the same diluted pig it always has been despite that one shining moment in the sun.
You are a beneficiary of the greater fool theory. They are minions on this board and you successfully stayed above the fray. Kinda like dogecoin. It was conceived as a joke but that didn't stop me from making 675,000 on a 15k investment. and I am clearly not alone.
So, good on you. Just know what you own...the dogecoin of stocks.
Read their financials if you can stomach them. They hide nothing. They basically say we aren't mining, have no intention of mining, we have no cash, never did, we pay for everything using our stock which is dilutive to shareholders, we haven't succeeded in mining because we haven't really been trying for 13 years, we have no access to capital, we lease our unpatented mining claims through a claims vendor and therefore have no clear title, we have no expertise in CBD or Cypto which is our next "me too" venture where we bring our meager expertise to have an excuse to issue more shares which are already 40 billion yada yada yada. I could go on but I think I condensed the gist of their financial disclosures in a few points.
No scam, just a stock one should avoid like the plague.
Whatever makes it happen for ya. Not even per the company's own disclosure do they own anything directly! They lease any mining claims through a third party.
The Company has clearly stated that it is not in the business of “going mining”. with all of the attendant problems
associated therewith and the enormous amount of Management required; but to add value through extensive
exploration work and then to either (a) dispose of properties for cash (b) contract the mining of the properties to
a third party ...
Under our gold and silver Project Acquisition Agreements there are minimum work expenditure requirements per
year per project. Also, we are required to pay the United States Bureau of Land Management (BLM) annual claim
maintenance fees for our claims. If the claim vendors pay the BLM claim maintenance fees on our behalf (and
they are not required to do so), we are required to reimburse them on demand. If we fail to pay any amounts due
to the claim vendors within the requisite cure periods, the claim vendors may terminate our rights to our claims.
They were wise to hitch their wagon to his star. A face only a mother could love. And the faithful want to hand their meager fortunes over to this mug?
By all means, mortgage the double-wide.
LOLOL
This is the “Three Amigos” Ron, Ted and Steve is a nutshell: Damn near 25 years from GWGO to GNCP and all the worthless revoked crap tickers in between and not once has this Triumvirate of Ineptitude ever produced one dime of revenue nor ever allowed one dime of cash to appear on any of their balance sheets. And there are those of you out there expecting a DIVIDEND????
FROM WHERE????? FREAKIN SPACE?????!!!!!!!?????????????!!!!!!!!!!!
When I'm lying, STOP ME!
More like a lighter than air company being called on it. Those disclosures leave more questions than they answer. Sad junk is as sad junk does.
More like "don't want to see it", buddy. Like I have said before...nothing short of something like..."hey all, the last 13 years have been a bad dream! We are really bigger that Newmont, Rio Tinto and Google combined are our share price is really $1,565.00 per share after 10 2 for 1 forward splits that will show up in your account at close of business today."
Spoiler alert!: NEVER!