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Complete bullshit, and the disclosures are not implying that either. Once creating something out of nothing.
They are not stating anything, it is simply the buy back rules...lol.. acting like the imply something when they don't. Look up rule 10B-18... that is a generic rule for stock. There are no ATS on OTC Markets.
That is all their filings are, regurgitating rules and laws to fill up absolutely nothing of value to make it appear they are supplying robust information. But as usual, zero revenues, no money and no business.
Yet once again why would the SEC be working with GNCP? A non SEC registrant?
Fact is they are not.
Such as? GNCP is not a regulator. How does the SEC work with GNCP a non SEC registered security? Explain it in detail.
Its not an SEC registrant, why would they be working with a non SEC registrant company?
There is single physical certificate at the DTCC, that is worked from by the TA.
Nope, as I said "physical certificate form". Lumbs broker receives his unrestricted free trading shares from the Transfer Agent via FAST electronic transfer for deposit. This is the only acceptable deposit method for some of these brokers.
What they don't accept are shares purchased in the open market and were then requested in a physical certificate form and now the shareholders wants to deposit those shares back into an account.
Don't get me wrong I belive Lumb buys shares to create momo and then requests physical form to create the illusion of share reduction. Its a workaround for $110k he can buy and remove 1 billion shares from the DTCC count and the dump a quick $500k or more depending on momentum.
Yet taken completely out of context, physical certificates cannot be deposited at any broker for OTC securities, if a shareholder pulls their shares in physical certificate form that certificate cannot be deposited again at a later time. So the company reduces the float numbers based on what is deposited at the DTCC. Therefore when someone pulled 3 billion shares out in a physical certificate back a couple of years ago, the Float should not have changed, but instead GNCP reduced the float based on the fact the shares could not be deposited.
So its a bullshit statement, its not that they don't know the float, they dont know the float based on the theory that the shares may not be allowed to be deposited again if brokers ever allowed deposited of OTC securities with a physical certificate.
A non existant company that was revoked a decade ago, adminstratively disolved and no longer exists.
Your brokers email to you, so what? PREMs is a reorganization of their holdings in the stock, they disposed of their of their certifcate.
You mean as per your broker, as it was PREMs, you never received such communication from the DTCC... enjoy!
You know whats hysterical, DTCC rule taking effect last week but the same tired ass excuse rolled out of naked shorting...lol
Its options, it has nothing to do with short selling of any type. You actually read the entire document, it is to prevent risk exposure if in a case all options contracts were to be purchased. The lengthy end of the month process for accounting could lead to a brokerage or clearing house not having enough capital to meet those obligations, so a daily process will now occur so as not to allow such firms to exceed their capital requirements. What does it have to do with short selling? Absolutely nothing! What does it have to do with OTC Quoted securities? Absolutely nothing, there are no options contracts here. What does it have to do with GNCP? ABSOLUTELY NOTHING.....
Based on what? Other than activity across the whole OTC there is nothing else to support speculation beyond that.
The business failed a decade ago it has been disolved all that is left is a shell, that has no Form 211 and is dark and defunct. Those are the Facts.
Its been stated a billion times now, there is nothing here, it is running much like any other dead OTC ticker. Its been published in the news this very problem and the SEC is prosecuting people and suspending tickers because of it.
https://www.nytimes.com/2021/03/18/business/penny-stocks-trading.html?referringSource=articleShare
https://www.sec.gov/litigation/complaints/2021/comp-pr2021-46.pdf
https://www.sec.gov/news/press-release/2021-35
https://www.sec.gov/litigation/suspensions/2021/34-91213.pdf
This is precisely why regulators must rid the exchanges and markets of garbage like this, we don't know who we are funding external to the US. I am all for letting the morons throw their money at poor investments based on hope, but when the money is going to terrorists and or other criminal activity against the US it is a problem.
There is total garbage running with no clue who is behind it and most of it is dormant and or dead shells. Hell BEHL is running and the idiots think there is an RM coming or Biocentric still exists....lol.. what is really odd is that has always been an unsolicited quote security so I really don't know how the required Form 211 Rule is going to effect that stock.
Ha, well it has nothing to do with the SEC, it is OTC Markets and I am sure they are thankful of the endless supply of sophisticated investors that buy their garbage securities....lol
SEC....lol
Same here Pfzir, just a bit sore in the arm but no other effects.
Yet BLM properties are worthless, they are government managed properties with no qualified essays, not difficult to understand. Further adding insult is that GNCP doesnt lease the properties, they make it clear, they pay a fee to a 3rd party who actually leases the unproven (unpatented) properties.
Further the company has no engagement with any organization interested in the said BLM properties and they clearly disclose this in the disclosures provided.
With ZERO information and old stale information the share price increase has nothing to do with the company. In fact the SEC is quite aware of these DARK or DEFUNCT tickers being manipulated.
https://www.sec.gov/litigation/complaints/2021/comp-pr2021-46.pdf
Well you know those words contracts and profits are intechangeable...lol.. just as Lumb intended.... There is a reason such PR's are released.
Meanwhile there wasnt a solitary dollar to buy such contracts
The price moved up while there was no information, in fact months after the fact. To date they have provided ZERO required information and in fact most of the recent shareholder excitement is based on just providing what is required by law. Its not due to some great profit announced or exceptional revenues yet to be reported. Just the fact they will meet regulatory requirements in providing disclosure...lol.. Months after the price moved up.
Explain what Options have to do with the OTC? Absolutely nothing.
No they are not, they are for that specific day, there isnt a short volume aggregate report, provide one.
Such a credible source, the same person that claims electronic trade algorithms place messages on L2 and the tape....lol...
Better yet ask what happened to the great DTCC notice for options....lol...
Yet it is OTC Markets, and its not a random blog. Its their page to provide information for their market, GNCO is on their market and the information provided by OTC Markets explains in great detail why short volume reporting is meaningless. It is only the first leg of a multileg transaction and has up to 2 trading days to settle, if it doesn't it shows in the FTD report as an aggregate. There isnt aggregate here in GNCP, so we know the short volume was in fact settled.
Enjoy!
Yet both FINRA and OTC Markets makes it clear that short volume is not short positions, short volume is created from one position transactions in which a broker dealer completes a transaction between 2 different brokers.
https://blog.otcmarkets.com/2018/11/13/understanding-short-sale-activity/
It is meaningless data and all one has to do is got to the FTD Report and see all of those transactions settled.
Why, they missed their own deadline, not the first time either, not their second time or third or for any matter multiple deadlines they have failed to meet....lol.. they are consistent in that regard.
Its a 100% fact here in GNCO. Claiming otherwise with zero support on the otherhand is not document supported and is a myth.
No short interest and no FTDs, those are the FACTS.
OTC doesn't review the disclosures, they simply look to see that all required Quarterlies and Annuals are there and an attorney opinion has been filed and meets their required template.
That is it.
There are no shorts in GNCP, no short Interest and no NSS, a fact supported by regulatory reports.
If it were this ticker you might have a point, but it occured across the OTC, it was an event across the market. So much so that the SEC is stepping in and suspending tickers, going after social media offenders and trying to lock down the scams.
So I don't see your point, if it weren't for this event occurring across the OTC, yes this would still be No Bid X .0001.
As far as your technical analysis, there is nothing fundamental about it, the company has done zero, its pumped on air and it will deflate eventually with a whole new group of stuckholders.
Bid support...lol.. hilarious, its fiction much like the disclosures... one minute is there next minute it is not. Its a turd, the disclosures are being pumped, the reality is once loaded reality sets in and the Bid support disappears and well... No Bid X .0001....
I look forward to the day they go under, allowing deposit of certificates of these scams is 99% of the problem. You lose interested VC if they can't deposit shares for sale and well the OTC becomes more actual, only real companies get money. I am surprised OTC Markets isn't submitting comments as well.
Don't see it posted here with the tweets...lol... have you posted that paragraph from the disclosurrs? Haven't seen it, but real DD requires pulling out all the real information from the disclosures.
Right because it requires actually reading them to see there is NOTHING...lol... 100% transparent there is nothing, but there has got to be something because they provide disclosures....lol
Nevermind they wrote everything off from past tickers, but that never gets brought up, just like there are no divies... its all been written off. Read the disclosures. BLM properties... read the disclosures.... 3rd party leased... read the disclosures... no real business... read the disclosures...... ba ha ha ha ha
Take a look at all previous quarterly and annual disclosures, its the same 130 pages of bullshit....lol... they are not creating complete new documents, they change afew numbers add a couple paragraphs in the dialogue and load them. Lumb doesn't like to e pend too much effort, he just wants to sell newly minted shares and get his gas money for his yacht.
They have no claims, just BLM properties leased by a 3rd party, read their disclosures.
Well first off, yes PREMs has removed many worthless securities from brokerage accounts at the brokers request if the ticker shows on the PREMs list. The reason for that is that after 6 years of no activity, the security is incurring a monthly management fee of $11 for the brokerage to maintain their certificate for that ticker. May not seem a lot of money but when you have hundreds of dead tickers and over many years, it adds up.
You are not a DTCC "Client", you don't exist to the DTCC. The DTCC client they refer to are the brokerages and clearing firms with their accounts along with transfer agents.
Normally its an annual process, the DTCC issues a new list of tickers eligible for destruction. A company shows up on that date with a giant shredder, the DTCC and company perform a shredding process for all of the certificates requested to be destroyed. It did not happen last year due to COVID, don't know if it will happen this year.
Your broker will send an email or an alert that the shares will be removed from your account. What recourse do you have? None, they are worthless securities that have no active business associated with them. The CUSIP and the active business have been gone for 6 years at least. Unless you can prove an active registered business still exists to your broker the shares are gone. No cares about Internet rumors of being private or "dormant".. no such statutory term.
Essentially the lesson learned is, stop buying shitty stock, take the tax loss and move on, it ain't ever coming back, there isnt a single occurence of shares being added back into an account.
Not a problem, they will pay for one with shares and estimate its value at $65,000 much like they value and pay shares on leased unexplored properties....lol