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shareholders should make a realistic estimate for the probability to get only one of all these promised dividends!!!
and then the "project covering...": I am very anxious to see the big "covering" happen. here I estimate the probability very small. I hope I err.
worst case: management(s) has/have only manipulated the expectations of the shareholders to sell shares. I hope this suspicion will not become reality. that would be very bad.
Questions about FFGO, NMGL, HGLC, GNCP
Von:
XXXXXXX
An:
investor@gncc-capital.com
Datum:
15.06.2021 20:53:46
Dear Mr.Lowenthal,
because I don´t know, about which points you will inform the shareholders, I write this e-mail.
I think the only person, who is able to answer the questions of a lot of people, are you Mr. Lowenthal.
FFGO:
1.) Mr.L. was a major shareholder of FFGO with 23.5% of the o/s of FFGO (FORM 8-K, 06/28/2010). i.e. 23,5% of the liquid.div. belong to you.
2.) Mr.L. has acquired as a major shareholder the total remaining long-term debt of FFGO (FORM 8-K, 07/28/2010). i.e. no more "external"debt
3.) Mr.L. has signed as CEO and President of NMGL the receipt about the pref.A+B shares of NMGL (FORM D, 09/12/2010).
these shares were the purchase price for the stocks of gold of FFGO (Bouse, S.Copperstone), because NMGL has not paid with cash.
these shares belong to the shareholders of FFGO, 23.5% of these pref.shares belong to you, Mr.Lowenthal, because of 1.)
the mentioned FORM-D document is the last "sign of life " of our dividend shares.
what happened to the pref.A+B shares, when will we get the promised dividend (0,003449 ct/sh FFGO) as a liquidation dividend?
GNCP:
1.) there have been three 100% susidiaries in GNCP. now GNCP holds (only) interests in "White Hills", "Yarber Wash", " McCracken" and "Pearl Spring".
what happened?
2.) Tonopah Silver project has disappeared, what happened?
3.) a new project in GNCP: "Mockingbird" with about 1.700 acres. the "flagship" property of HGLC was/is Mockingbird with about 2.500 acres (and more,
because Mr. Saner has added further claims in 2009). is there a connection between these "Mockingbirds" ? i am very astonished.
4.) "work commitments": for about ten years shareholders have paid a lot of money, paid by several sorts of preferred stocks. no exploration, no drilling in all these years?? shareholders have paid for Tonopah and its ancestorprojects...if Tonopah goes, the preferred shares remain as a burden of the shareholders???
5.) what value have shareholders gotten when silver claims were exchanged for gold claims in 2015? GNCP had purchased the projects for 45 mil US-$.
imo for such an exchange you need good estimates of the values!!!
HGLC:
you have been/ are registered as a Director of HGLC. what has happened to all these exploration properties in HGLC, cf.otcmarkets. what happened especially to "Mockingbird" . there is an assessment of Prof. Colliston: about 400 mil US-$ with a price of gold of 400 $/oz. more: detachment fault type (like Bouse).
maybe value about 2 bil US-$ or more today. surely you will remember: Mr.Saner and management have informed about an offer in the summer 2008 to buy HGLC for about 2,5 ct...3 ct.. per share. what about the restructuring announced in 2009 to enhance shareholder value?
there are further questions about write downs of shares and debt....
yours sincerely
XXXXXXXX
........................................................................
RE: assets of FFGO, HGLC, GNCP, NMGL, continuation - questions to Mr. Lowenthal
Von:
"Investor Relations - GNCC Capital, Inc." <investor@gncc-capital.com>
An:
"'Ulrich Kraaz'" <u_kraaz@gmx.de>
Datum:
06.07.2021 01:54:43
Dear Sir,
You “expect an answer within a week”. I see?
So now, I answer to you?
Cheers,
Ron Lowenthal
...................................................................
From:XXXXXX
Sent: Monday, July 5, 2021 4:39 PM
To: investor@gncc-capital.com
Subject: assets of FFGO, HGLC, GNCP, NMGL, continuation - questions to Mr. Lowenthal
Dear Mr. Lowenthal,
in your e-mail from 06/27/2021 answering my letter from 06/27/2021 you write:"...not familiar with this previous e-mail".
for this reason you get for the second time my previous e-mail from 06/15/2021 as an appendix.
at first let me correct a mistake in this previous letter: the liquidation dividend is 0,003449 US-$/share FFGO and not
0,003449 US-ct/share.
and now there follow further questions about activities of firms you have been a member of the management:
complex FFGO/HGLC:
you have been a major shareholder of FFGO and a Director of HGLC.
FFGO held about 50% of HGLC in 2008, valued at about 500 mil US-$. in 2010 - no sale of the shares by FFGO -
FFGO declared "HGLC hopelessly bankrupt". how is that possible?
in 2010 FFGO has paid more than 45.000 US-$ to creditors of HGLC. for a "hopelessly bankrupt" firm?? why that?
where are all these properties of HGLC you find in otcmarkets/ HGLC/Description?
where ist he promised dividend from the sale of American Molygold for 620 mil US-$ by HGLC??
what about the sale price for "Lookout Silver" : about 60 mil US-$??
complex GNCP/NMGL/ASPA GOLD:
you have been the leading person in these three corporations.
there have been loans and share purchases (NMGL; ASPA) by GNCP in the total amount of 429.950 US-$. these
values you have written down to zero. how is that possible? you had to lead both the firms. you knew NMGL and ASPA.
on which assets of NMGL was the loan to NMGL secured???
what happened to the assets of ASPA? there was gold in the tailings - easy extractable, about 50 mil US-$ value with
lower prices of gold. you write "irrecoverable" and write-down the shares to zero. how is it possible? you as an expert
for financing, Mr. Blom as an expert for mining.
GNCP PR from 04/28/21:
you write: (only) TWO MONTHS are necessary
- to expand the claim blocks,
- to do further exploration work (you say really "FURTHER..."),
- to re-negotiate the terms "under which we operate these properties...",
that would create a substantial growth in the value of the assets, a far higher sale price and larger dividends.
questions:
GNCP has paid a lot of money - all these pref. stocks - over ten years for so called "work commitments"and now within two months these possible improvements...??
that´s really remarkable.
what has been done with all this money over this very long period? imo nobody has known from the beginning
that the project would consume so much time. only the shareholders have paid the expenses.
my proposal:
these three points (see above) should be executed without new payment - shareholders have paid for all these things
over the last ten years.
regrettably you have never answered my questions in the e-mail from 10/18/2019, although you had the idea for a Q&A.
my questions have dealt with nearly the same problems.
in the answer to another e-mail you have written "material", i.e. no answer.
I expect your answer within the next week.
yours sincerely
XXXXXXXX
..............................................................
RE: assets of FFGO, HGLC, GNCP, NMGL, continuation - questions to Mr. Lowenthal
Von:
"Investor Relations - GNCC Capital, Inc." <investor@gncc-capital.com>
An:
XXXXXXX
Datum:
06.07.2021 02:17:05
Dear “Lambshift”,
Kindly be VERY aware that one very powerful shareholder with a rather particular interest is watching very carefully and is using private speciailisit investigators.
So please do not try and play games. You are wasting my time by asking me to rummage through a decade plus old records. This, I will not do.
We were dreadfully bored and tired of the ridiculous hype, falsehoods and unadulterated garbage posted on the Internet; that I personally requested his assistance. He was more than happy to provide us with same.It appears that you posters have angered him. I wish you the best of luck, given my experience with him; it will not end well.
You are playing silly games and playing it out on the Internet. I have a zero tolerance for this type of behavior. If you want to see proof of just deadly serious that we are; just focus on the “here and now”.
P.S. If you have ANY question that pertains to GNCC Capital, Inc.; please ask. The rest is historical nonsense of which is zero relevance to myself; and to anybody else. I do not even recognize some the names (or transactions) that you are referring to. And nothing to which you are asking pertains to GNCC Capital, Inc.????
Ron Lowenthal
..............................................................
From: XXXXXXX
Sent: Monday, July 5, 2021 4:39 PM
To: investor@gncc-capital.com
Subject: assets of FFGO, HGLC, GNCP, NMGL, continuation - questions to Mr. Lowenthal
Dear Mr. Lowenthal,
in your e-mail from 06/27/2021 answering my letter from 06/27/2021 you write:"...not familiar with this previous e-mail".
for this reason you get for the second time my previous e-mail from 06/15/2021 as an appendix.
at first let me correct a mistake in this previous letter: the liquidation dividend is 0,003449 US-$/share FFGO and not
0,003449 US-ct/share.
and now there follow further questions about activities of firms you have been a member of the management:
complex FFGO/HGLC:
you have been a major shareholder of FFGO and a Director of HGLC.
FFGO held about 50% of HGLC in 2008, valued at about 500 mil US-$. in 2010 - no sale of the shares by FFGO -
FFGO declared "HGLC hopelessly bankrupt". how is that possible?
in 2010 FFGO has paid more than 45.000 US-$ to creditors of HGLC. for a "hopelessly bankrupt" firm?? why that?
where are all these properties of HGLC you find in otcmarkets/ HGLC/Description?
where ist he promised dividend from the sale of American Molygold for 620 mil US-$ by HGLC??
what about the sale price for "Lookout Silver" : about 60 mil US-$??
complex GNCP/NMGL/ASPA GOLD:
you have been the leading person in these three corporations.
there have been loans and share purchases (NMGL; ASPA) by GNCP in the total amount of 429.950 US-$. these
values you have written down to zero. how is that possible? you had to lead both the firms. you knew NMGL and ASPA.
on which assets of NMGL was the loan to NMGL secured???
what happened to the assets of ASPA? there was gold in the tailings - easy extractable, about 50 mil US-$ value with
lower prices of gold. you write "irrecoverable" and write-down the shares to zero. how is it possible? you as an expert
for financing, Mr. Blom as an expert for mining.
GNCP PR from 04/28/21:
you write: (only) TWO MONTHS are necessary
- to expand the claim blocks,
- to do further exploration work (you say really "FURTHER..."),
- to re-negotiate the terms "under which we operate these properties...",
that would create a substantial growth in the value of the assets, a far higher sale price and larger dividends.
questions:
GNCP has paid a lot of money - all these pref. stocks - over ten years for so called "work commitments"and now within two months these possible improvements...??
that´s really remarkable.
what has been done with all this money over this very long period? imo nobody has known from the beginning
that the project would consume so much time. only the shareholders have paid the expenses.
my proposal:
these three points (see above) should be executed without new payment - shareholders have paid for all these things
over the last ten years.
regrettably you have never answered my questions in the e-mail from 10/18/2019, although you had the idea for a Q&A.
my questions have dealt with nearly the same problems.
in the answer to another e-mail you have written "material", i.e. no answer.
I expect your answer within the next week.
yours sincerely
u.kraaz
I think free shares or no free shares: that is not the problem.
also with free shares you are a shareholder of the corporation.
if people invest in a firm, they don´t do it for joke.
if the investment is lost, because the business model doesn´t work,
that is the usual risk of an investment, but if the firm creates
positive expectations to attract investment money and breaks the promises
finally, that´s an other category.
yes, if he doesn´t pay the promised
DIVIDENDS (plural!)
I have lost a lot of money.
when I asked my questions, Mr. L. threatened me with
"a very powerful shareholder"
and
"private special investigators".
but not one answer to my factual questions.
either he can´t remember the facts or the questions have nothing
to do with his activities. questions have been about
GNCP, HGLC, NMGL, FFGO and the connections among them.
I would qualify this behavior as outrageous.
BUSINESS DESCRIPTION (otcmarkets)
Hunt Gold Corporation is a Gold Mining & Exploration Company focused on the development and exploration of its Gold properties, namely "Mockingbird", "Ambassador", "Golden Eagle", "Gladstone Lookout", "Lady Alde", "Starlight", "American Flag", "Venezia", "Stormcloud", "Cherry", "Buffalo Limecap", "Red Cloud" and "Federal". The Company has completed the sale of its "American Molygold" interests and will be distributing the entire sale proceeds through a Stock Dividend to its stockholders, this to be announced shortly. The Company disposed of its "Lookout" Silver properties and retains the proceeds in the amount of US$65 million in quoted stock as an Investment.
BOARD OF DIRECTORS (otcmarkets)
Frederick Blaauw
Non-Executive Chairman
Ronald Y. Lowenthal
Michael G. Saner
President, CEO
how is this possible: "hijacked..."?
without any document? Mr. Lowenthal has to declare the procedure.
did Jehu Hand find our pref A+B in the street??
where is our liquidation dividend??
we should not forget MOCKINGBIRD - is there a connection to the so
called "flagship" property of HUNT GOLD.
MOCKINGBIRD of HGLC: about 2.500 acres,
MOCKINGBIRD of GNCP: about 1.700 acres.
HGLC has drilled MOCKINGBIRD successful in 2009 and there is an
estimate from 2004 by Prof.COLLISTON: value about 400 mil US-$
(prices of 2004!). also: HGLC has staked further claims around
the original MOCKINGBIRD property.
FFGO: and he threatens: "...one very powerful shareholder...is using private specialist investigators..."
no answer to any question
he has threatened with a "very powerful shareholder" and with "private specialist investigators".
perhaps the mafia is underway.
he writes about "this myth" ..."regarding FFGO and HGLC".
and if you ask questions about the promised dividends: "...unadulterated garbage posted on the internet..."
and now (GNCP): no dividends but new investments - but in more than 12 years no promised dividend, not one cent (FFGO, HGLC, NMGL, GNCP)
without any question, you are right.
they mock the shareholders.
"buying it for $500k" and after the purchase every year $100.000 for
"work commitments" going to...?
probably there is no material event!!!
remember: "...3.400% are worth waiting for...", 11 years ago (FFGO).
HGLC : 650mil $ distributed as a dividend to the shareholders.
GNCP: "material event" follows "material event"...and the DIVIDENDS, really plural!!!
only one word: abuse of our expectations.
yes, I think you are right.
shortly I will publish the correspondence with lowenthal, called "answers " to my questions.
now I am thinking there never was a real deal
I think there is "something is everything holding up": a lot of shares are still "in the pipeline".
I don´tsee such an announcement too.
only: no dividend(s) to be able to finance investments in the dark.
the suspicion grows that mgmt. plays with the expectations of shareholders to sell shares ??
general blabla, nothing concrete.
that´s standard. you find it in every one of their filings.
that means GNCP has to pay the "old" shareholders ultimately.
we´ll see.
I remember there was an offer in summer 2008 for a controlling stake of HGLC, about 2,5...3 US-ct/share HGLC.
not only but also:
what has happened to TONOPAH???
why only "INTERESTS in...exploration properties"???
suddenly a new property "MOCKINGBIRD", mgmt. writes about exploration drilling by HGLC in 2009 on Mockingbird. how has this property come to GNCP??? Mockingbird now with about 1.700 acres.
Mockingbird of HGLC: more than 2.500 acres. what has happened??
"Mockingbird" was the so called "flagship" property of HGLC.
PRMO: otcmarkets/security details (08/08/21): more than 16 bil o/s
please replace "major shareholder" by "principal shareholder".
no toxic debt, because FFGO mgmt has created about 50 bil shares - sounds a little similar to GNCP - to kill all shortterm debt. the long term debt Mr.Lowenthal has taken as the "major shareholder". there are FORM 8-K and similar documents. what has he done with his 23% share of FFGO??
i.e. FFGO had no shortterm debt, while Mr. Lowenthal held the longterm debt, i.e. the remaining longterm debt held a "major shareholder"of the corporation.
what has he done with NMGL? he was the "CEO and President". why has NMGL gone bankrupt under his leadership? how was that possible? proof, proof,...
really, there are a lot of questions Mr.L. has to answer.
I need no tales, I want to see proofs.
FFGO mgmt. debt-to-equity swaps, that´s the reason the o/s of FFGO exploded again to about 75 bil shares (or so). thereafter Lowenthal has bought about 23 % of FFGO common, i.e. he is the "major shareholder" (if he remembers or not). one month after this purchase he he has taken all remaining long-term debt of FFGO - if he remembers or not.
that´s the reason FFGO could not go bankrupt.
lateron the SEC has delisted FFGO, no problem.
lateron Wyoming has "administratively dissolved" FFGO, no problem because of the laws of Wyo. this point has been several times discussed here.
Lowenthal in 2010 has signed as CEO and president of NMGL these famous FORM D´s for the prefA+B shares - our liquidation dividend, if he remembers or not.
the often by me repeated question is : Mr. Lowenthal, where are our liquidation dividends??? I will never accept threats as an answer to all my questions.
also:I don´t "play games with you"...
"if they ever shed some light...POWERFUL PARTNER..."
there are a lot of people here knowing a lot of announcements by people within or behind FFGO, HGLC, NMGL, GNCP...and not one promise has been fulfilled.
I´ll believe only, if they bring facts on the table.
I remind of the request to answer my questions. the answer by our management: not one answer, but after all threats with a "VERY POWERFUL SHAREHOLDER" and with his "PRIVATE SPECIALISTE INVESTIGATORS".
(literally)
I´m a shareholder too and Mr. LOWENTHAL wirites: "...don´t play games with me..."
in the last days I heve reminded him twice of answering my questions.
the e-mails have come back to me (Mailer Daemon).
FFGO- which date has his e-mail?I have gotten an e-mail from L. (06/27/21), in which he writes: "...I am very perplexed with these questions...this myth regarding FFGO and HGLC..."
e-mail from 07/06/21: "...one very powerful shareholder...is using private specialist investigators...do not try and play games...you are playing silly games and playing it out of the internet...I have a zero tolerance for this type of behavior...and nothing to which you are asking pertains to GNCP??"
these were the answers to my factual questions about FFGO, HGLC, NMGL, GNCP and the connections between them - and there are connections -, i.e. he has not answered any question. only subterfuge and threats.
let us see the next "CHAIRMAN´S LETTER"!
interesting times ahead!!
I hope this time management will show real profits, not only possible (???) profits produced by the stock exchange...if there are such profits. with 90 bil shares this will become more and more difficult.
at first they should settle the past. after it discussions about the future.
for the retail shareholders it is necessary that they settle the past.
why give them money, if there is no economic success???
if they work without economic success, GNCP may be an empty shell imo.
let us see the next CL.
the problem is, until now they only wanted to know the questions of the shareholders. but they never have answered "critical" questions...
remember their idea of an Q&A in 2019, until now no answer.
this time things will change totally???
I am very impressed.
not "Chairman´s Letter" but "Chairman´s Message"
remember FFGO and the massive debt-to-equity swaps...bringing the o/s to about 80 bil shares.
then the sale of the gold and the generous dividend, which never was paid. but don´t forget: " 3.900% are worth waiting for..." until to eternity??
in 2010 the paper was named "Chairman´s Letter"
now we have these massive conversions...90 bil shares , that´s a lot.
but there are these "NSS,NSS, ..." every day,the whole day...I hope the NSS-story is not only a front of diversion.
perhaps we will see a miracle and promised dividends are paid.
probability for these payments?? more than zero??
but the biggest boldness is the threat with "private specialist Investigators" and a "very powerful shareholder" instead answering questions of shareholders.
if they don´t fulfil the promises, this will be the only possibility.
these "..." are original quotations.
later on I will publish or use otherwise.
I have never contended the opposite.
worth waiting only, if they are paid. when? 11 years again?
to get "pink current" is management´s duty!
that is the minimum they have to do.