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Do you really think that what they have to announce is going to even be possible given that not one financial disclosure shows that any of these dead tickers this group has created over the years has ever generated any cash, including GNCP?
You think someone is going to just hand them a cash flow generating business? Any deal they announce will be done with toxic preferred stock the way they have always done. Oh, and don't forget any get out of jail free card (Forward Looking Statements) that will no doubt follow any announcement that disclaims any guarantee. More fluff, no meat.
If they suddenly come out and state that they had this war chest full of cash that they failed to disclose, well then they are in a tough spot because their disclosures mention none of that. I'd say they are the one who has to worry about false statements in that case, not me.
You really need to set you expectations as low as they can go. It will be a fluff piece, nothing more. Clearly engineered in the hopes of dumping more preferred stock.
Oh boy, a jack of all trades and master of none. Yeah, I'm going to pass on this group as it is still the group that couldn't make one dime of revenue in mining after 13 years of not really trying.
Like pulling teeth to disclose that they are basically worthless. Pink Current? Be still my heart. Add insult to injury by stating that for the last 13 years, they have accomplished exactly squadooch on the mining front. And that is supposed to be their bread and butter. And with the same level of execution, they expect you believe their going to make a foray into spaces, by their own admission, they have no expertise in, namely crypto and CBD? And based on their failure to launch in the metals in mining space, they assure you though that with Lithium, that's right in their wheels house.
So with all that said.... BIG FUNKEN DEAL they're PINK CURRENT, a flunky designation that is de rigueur of many a lighter than air OTC BB flim flams.
Yeah, it might have to say something like the last 10 years have all been a bad dream. Anything short of that and it's just more of the same ineptitude.
The stock is dogecoin. Nothing there but doesn't mean you can't make money. Just don't be the "greater fool".
No, it's not. Dailies mean nothing. Why can't any of you generate a bi-weekly report showing a massive short? Real companies have no problem publishing that info.
Anything official regarding this stock's short interest shows nothing of any mention.
wallstreetbets, the group of traders bent on destroying shorts, doesn't buy in to any notion that this junk is shorted supposedly as aggressively as many of you think. Alas, they are focused on real companies that have readily available short interest data.
https://www.msn.com/en-us/money/news/detroit-s-mortgage-giants-rocket-higher-amid-latest-wallstreetbets-sparked-short-squeeze/ar-BB1eapKp?ocid=msedgdhp
How much you want to bet that this so called "New Acquisition" is nothing more that a hastily set-up Lumb Company and the supposed lender/financier is yet another hastily setup Lumb vehicle?
I'm sure when and if the details are released, a few of you will ferret out the Lumb connection.
To better help you understand the timescales by which this junk operates, consider this. For the past 13 years this "company" still considers itself to be a "development stage" exploration company. As I gather myself after laughing my central nervous system out all over the floor at that assertion, in this same period, this company hasn't managed to generate one thin dime of revenue nor has it allowed anything even remotely resembling cash to appear on its balance sheet.
I mean, come on!!!!!!!
You have to actively not be trying to earn revenue to be so successful at achieving exactly that! SQUADOOCH!!!!!!!!!!
Awesome post Whombat. Same old song and dance.
Take care buddy. And don't buy any more OTCBBs. LOL
Great to hear!!!!! Without your health you got nuttin. Options and stock and the coins I have had since 2017 are a nice fat surprise. Own Litecoin, ETH and BTC through coinbase acquired in dec 2017 and have been adding systematically since then. Who knew? $$$$$$$
Hey Whombat. How are you? I know things were looking desperate for a while with your health. Glad to you see you up here with the living. JK
So you're out and never looking back Good for you. Hope you made a little coin when the redditteers decided to dump some of their stupid money from GME and AMC here. Sent quite of few OTCBBs to 52 week highs. That crowd has moved on the Dogecoin, ETH and BTC. Join Wallstreetbets, you will be one step ahead on the next meme play.
Anyway, hope you got out of this with a well-deserved profit.
Take care.
What year? They chew through years like melted butter. 13 years of becoming an "exploration" company and not one thin dime of revenue. I've seen glaciers move faster than this bunch.
GNCP = Joke!
Problem is GNCP, albeit begrudgingly, discloses that they have basically done nothing in 13 years. Not exactly hiding that fact unless you deem hiding in plain sight some sort of deception. The real problem is the shareholders unwillingness to accept the truth which basically holds the "Management" harmless.
On the other hand, the fact that they have done exactly squat leaves many questions as to why the os has ballooned to 40 billion in that same time period. Of course, you and I both know what that's all about. Self-enrichment share selling scam. That might raise the ire of the SEC so it wouldn't hurt to try on that front.
But no takers on this board of dreamers.
Sure they are Sparky. Keep telling yourself that. The GME lucky geniuses that momentarily parked some dumb money in this junk and other crappy tickers have moved on.
Don't say you weren't warned.
And Tyker, I know. You don't have to point out your tongue drilling a hole through your cheek.
And it only took its entire existence to never earn one dime of revenue or have anything remotely resembling cash to wind up on the balance sheet. And in a line of business that is supposedly their expertise!!! And now they expect you to believe now they are embarking on another venture in Crypto and/or CBD or whatever where, by their own admission, they have no expertise????
$100 billion, $200 billion ??????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????
Wow GBDX 01202 or whatever, and you invested what, a couple of hondo and suddenly you might live in a million dollar home?
Does any of t hat make sense to you that you are simply drinking the koolaide through a firehose?
OUCH!!!LOL. Not very good at it. JUNK!
They express the value in terms of the shares of pdiv of which there are 248.6 million, thus assigning an Enterprise value attributable to their ownership of GNCP of 248.6 x .11, or 27.346 million. There are 39 billion shares of GNCP in issue as per their own disclosures. So, on a per share basis, 27.346 million enterprise value divided by the number of shares of GNCP or 39 billon is about .0007. GNCP has often stated that they have a target value for a complete buyout at or around .0005 so that value is well in range of reasonable albeit not supported by the balance sheet or the fact that GNCP has no revenue nor cash on the balance sheet for over 12 years and any assets they main lay claim to consist of nothing more than leases through a 3rd party of unpatented mining claims that may no longer be in their possession as they have ceased paying the meager 160.00 per year to maintain them.
Please also be aware that PDIV and GNCP are essentially related parties insofar as they share the exact same management.
.0007. See computation below:
248,600,000 OS of PDIV @ .11 = 27,346,000
39 billion GNCP
Per share equivalent 27,346,000/39 Billion
Surely you don't think GNCP is straight out worth .11 @ 39 billion, 4.290 billion, do you because a related party that shares the same management says so.
Go with .0007. As usual they plate this mumbo jumbo to confuse the financially illiterate.
.0007. See computation below:
248,600,000 OS of PDIV @ .11 = 27,346,000
39 billion GNCP
Per share equivalent 27,346,000/39 Billion
Surely you don't think GNCP is straight out worth .11 @ 39 billion, 4.290 billion, do you because a related party that shares the same management says so.
Go with .0007. As usual they plate this mumbo jumbo to confuse the financially illiterate.
Welcome to Piker heaven. Whales my arse! They don't waste their time on this warmed over junk.
Point by point rebuttal....
Chairman’s Letter Yes, we have no bananas
Deals You mean more self-dealing deals!
Mining Asset Sale They own nothing they can sell. Read the financials.
JV’s See "Deals".
Cannabis Yeah Right!
New Website Big Ducken feal
New Business Interests More still birth clap trap!
Other Transactions All done without one dime of cash for there is none. Again, read the financials.
Yeah, if it sates that the last almost 20 years have all been a bad dream, then I wholeheartedly agree.
Let's wait and see if that is in the offing.
Why does that matter? The financials are a bloody mess showing exactly how absolutely feckless this "management" is. Can't make a dime in almost 20 years? You actually have to be exerting a concerted effort not to make money. Looks like they have been perfect on that front.
Right? Right!
Unpatented claims leased through a third party . Yeah, popcorn farm. NADA, ZIP, ZILCH, SQUAT, SQUADOOCH! Just like the cash on the balance sheet, such that it is.
Their biggest mistake? Disclosing anything that proves they are basically nothing more than a bunch of papers stuffed in some registered agent's filing cabinet.
When I'm lying, stop me.
This ground? https://backend.otcmarkets.com/otcapi/company/financial-report/278360/content
Rotten wood and abandoned holes. Be still my heart.
LOL
AND SCL Prepares the filings. Conflict of Interest anyone? Self-enrichment share selling scam if ever there was one.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=95937435
Depends on the NAV at the time of redemption. Will a holder be made whole? That is a question I would rather not hang around to find out.
A Merger????, Acquisition??? With what? Their Looks?? LOL
Have you do any DD on this turd?
Evidently not.
Weeks????? Try again....
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=145499451
All this turmoil for retail and not a word from Mgmt. Yeah, 5.00 stock, if that!
2.50 before 250.00.eom
Top ten reasons why you couldn't be more wrong....
Stream Games:
1. League of Legends
2. Fortnite
3. Grand Theft Auto V
4. Call of Duty: Modern Warfare
5. VALORANT
6. Minecraft
7. Counter-Strike: Global Offensive
8. Dota 2
9. World of Warcraft
10. Apex Legends
Have you seen the open interest in puts in that range? Pros and wise retail are shorting by way of buying puts.
I hate to agree but you are right. And FWIW, if a hedge fund manager is pressing the short side of a 4 dollar stock, he's getting paid too much to shoot ducks in a barrel. Seems he made a fatal though insofar as those ducks ducks had guns.
The one share minimum won't hurt the price as long as they can day trade without Pattern Day Trader rules kicking in. Watching the time and sales today shows a large majority of the trades were one and twos.
cITALDEL'S MARKET MAKER DIVISION WHICH RH PAYS FOR ORDER FLOW ALSO HAS A HEDGE FUND OPERATION THAT IS SHORT GME AND HAS HAD ITS ASS HANDED TO IT IN RECENT WEEKS. HOW F EN COSY. AND NOW RH WILL ONLY ALLOW LIQUIDATION IN GME. THIS SHIT IS REALLY HAPPENING. YOU THINK CITADEL MIGHT BE RELOADING IT'S SHORTS?????????????
WOW. IN BROAD DAYLIGHT!!
This goes to the gray sheets options implode.