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thank you, I will mail Mr. Lowenthal directly.
before we decide about the future of GNCP, we should solve the problems
of the past.some hints in this direction will follow.
Mr. Ronald Yadin Lowenthal and GNCP/FFGO/HGLC/NMGL/ a.s.o.
Let us help Mr. Lowenthal´s memory by listing the following facts:
1.) Mr. Lowenthal is CEO of GNCP,
2.) Mr. Lowenthal is a Director of HGLC,
3.) Mr. Lowenthal was/ is(?) CEO and President of NMGL,
4.) Mr. Lowenthal and his relationships with FFGO:
- Mr. Lowenthal was a major shareholder of FFGO holding 23,5 % (06/28/2010, FORM 8-K),
-thereafter Mr. Lowenthal has acquired as a major shareholder the
remaining long-term debt of FFGO ( 07/28/2010, FORM 8-K).
Then Mr. Lowenthal´s vehicle was Sloan Investments Inc.
Remarks:
Mr. Lowenthal and FFGO
Mr. L. has paid 0,0035 US-$/share FFGO, i.e. slightly more than the promised liquidation dividend (0,003449 US-$/share FFGO),therefore
23,5% of this liquid. divid. belong to Mr. L.
Mr. Lowenthal and NMGL/FFGO:
Mr. L. as CEO and President of NMGL has signed the receipt about the pref.A+B shares of NMGL(FORM D, 09/12/2010), these pref.A+B are the
purchase price for the stocks of gold of FFGO,(Bouse and S. Copperstone),
you will remember NMGL has not paid with cash;
NMGL was obliged to find (??) a buyer for the pref.A+B (commission of 5% for NMGL).
.
My questions to Mr. Lowenthal:
Mr. Lowenthal, where are these pref.A+B shares, which never have belonged to NMGL??
These shares belong to the FFGO shareholders, among them yourself with 23.5 %. the price of gold is high enough to find a buyer for the 100%.
Mr. Lowenthal where are our HGLC dividends, what about all these HGLC properties?
I hope Me. Lowenthal will answer these questions.
If the shareholders get their money, I will thank Mr. Lowenthal with all my heart.
wonderful, then the show may begin
we need the missing filings for the last two years and the attorney letter.
thereafter "current"
and what about FORM 8-K (July 28, 2010), FFGO, Wy.??
FFGO/SLOAN INVESTMENTS Inc.[color=red][/color]:no involvement of Mr.Lowenthal?? fallacy too ??
"amended repayment terms to Sloan Inv. Inc. following their acquisition of
the balance of the company´s outstanding long term loan notes..."
you describe the reorganization which took place in September/October 2015, exchange of several properties between GNCP and several firms outside.
before in 2013/14 GNCP has restructured itself.result: GNCP with three 100%subsidiaries (White Hills Gold Inc., Mohave Consolidated Inc., Walker Lane Inc.). Interesting: several weeks ago management has changed the "description" in otcmarkets/GNCP. Now GNCP has only interests in four properties!! before there have been about nine properties in the three subsidiaries. what happened with the corporations ("Inc.s")??
Interesting: where is the gold of FFGO represented by the pref.A+B??
what about the huge - cf. publications of management - treasures of HGLC?? where are the promised dividends from the sale of American Molygold??
I hope the "Chairman´s Letter" will answer these questions - at least several of them. has anybody studied the last filings - I was prevented?
we should wait for "Chairman´s Letter" (GNCP).
thereafter we should ask Mr. Lowenthal for HUNT GOLD Corp.(HGLC).
he was and is (?) a director of HGLC (otcmarkets)...
also questions about our liquidation dividend (FFGO) to Mr. Lowenthal.
they have to present what is to be presented, not more and not less.
it is outrageous!
these people must have known before what they have to present.
all very implausible.
interesting that "Chairman´s Letter": what will it show? our promised
dividends?? we have waited long enough. send the money to us Mr. Lowenthal.
you are responsible to answer all our questions.
the hint to GNCP in the Instadose publication was not coincidentally with high probability.
reason for this statement? interesting indeed...
I don´t think so. there remain several questions to Mr. Lowenthal.
the best prerequisits for a NYSE listing ha ha
a worst case scenario.
I hope you are right - considering the last sentence especially.
now only "Chairman´s Letter" can answer all our questions and there are a lot of them -
I hope it will.
varmit, of course you and with you every further shareholder of HGLC is/are entitled to ask for the assets of HGLC. we have to read otcmarkets/HGLC/ description, where we find a listing of all these 15 properties ....
the company never has published any change regarding these 15 assets.
they should be inside HGLC.
the last time the management has spoken to its shareholders was in 2009. mgmt. has announced at that time a "restructuring" of the firm and the will to rise the price of the shares of HGLC to NAV, then about 3 US-ct minimum. gold price was a lot lower compared to 2021!!
I think we have bought these shares because we were convinced of the high NAV. for this restructuring we are waiting until today. CHAIRMAN´S LETTER??
if there are no answers about FFGO and HGLC in "Chairman´s Letter", I will write to him.
he is the person competent to answer our questions because
1.) he is a 23% - owner of FFGO, i.e. he himself should be interested in the payment of this liquidation dividend. furthermore he has signed the receipts (2 filings FORM D, 2010) for the liquidation dividends (pref.A+B) as CEO and president of NMGL. NMGL has never become owner of these shares, they belong to the former shareholders of FFGO, among them Mr. Lowenthal.
and remember: in summer 2008 FFGO has repurchased several billions of its own shares. FFGO has paid with......shares of Bouse Gold Inc.- valued at 0,58 US-$/share (Bouse). at that time I have written to FFGO and Mr. Santini - he holds 2,4 billion shares of FFGO - and offered my FFGO shares for a repurchase (Bouse shares). result: nothing, no answer from Mr. Santini. imo that means: the party interested to purchase only 100% of Bouse and S.Copperstone exists since long time. my supposition was and is that a group has collected a lot of precious metals properties without big noise in a lot of firms. perhaps we will read about it tomorrow??
perhaps to NASDAQ or NYSE eventually??? or only hot air??? we´ll see.
2.) Mr. Lowenthal is until today a Director of HGLC (otcmarkets). he should know all about HGLC. but at first let us see this "Chairman´s Letter".
imo if HGLC will be delisted, the naked short sellers have to do nothing.
that means, if somebody invests in HGLC - as we have seen during the last months - he will do this only, if he is convinced
1.) there are enough assetts in HGLC and
2.) there are interested parties to take over or himself will take over.
imo #2.) will be realized. I can´t imagine that Mr. Lowenthal has overlooked his registration in otcmarkets/HGLC as a Director. remember: he has reacted immediately to false informations recently ( Lithium rumour, questions of share structure). I think he is interested in a good image too
Mr. Saner finally is active as a geologist - he digs for gold in Africa.
until now he is registered as President, CEO and Director of HGLC.
we could ask Mr. Lowenthal and Mr. Saner for the fate of all these assetts of HGLC and for the promised dividend.
but at first we should wait for "Chairman´s Letter".
a little more than 300 billion shares even (otcmarkets), astonishing.
then we will have two such letters:
1.) "Chairman´s Message" (FFGO, 06/13/2010) by Peter Bezzano and
2.) "Chairman´s Letter" (GNCP) by Mr. Lowenthal.
I hope that we can say finally: "...3.400++% have been worth waiting
for..." and "thank you for your successful endeavours, Mr. Lowenthal and
Mr.Blom".
The Financial Report and the required "Disclosure Statement Pursuant to the Pink Basic Disclosure Guidelines" in respect of the Q2 Reporting Period ended on March 31, 2021 will be filed this week despite only being due for filing on or before May 15, 2021. This will also contain a "Chairman's Statement" addressing a large number of previous and current events. This Financial Report will give our shareholders an accurate and completely up to date synopsis of our Company; hence our electing to file it this week.
T
I have failed to notice:
FORM D for Bouse Inc.:
GNCP/ post # 178650/ 03.09.21
one of these two FORM D you find at
IHUB/ GNCP/ post # 178 651/ 03.09.21
the second FORM D is for Bouse Inc.
read these two documents (FORM D) from 2010:
"...12. SALES COMPENSATION...
..............
recipient of pref. A+B: Western Diversified Mining Res. Inc., 100% daughter of FFGO..."
now we are waiting for this liquidation dividend : "... 3.400% are worth waiting for ..." ( additionally 3% p.a.)
it should be: "...and the result - these pref.A +B - to be distributed..."
homestate of FFGO is WYOMING.
the laws of Wyoming allow that the assets - these pref. A+B - of an administratively dissolved company are sold and the result to be distributed among the former shareholders.
postscript:
to get a share of the cake (pref. A+B) the number of shares of the delisted and administratively dissolved FFGO shows the eligibility.
of course FFGO has sold and has got these pref. A+B shares - i.e. no cash -, the receipt of which Mr. Lowenthal has certified (FORM D, 2010).
if there is an entity willing to purchase 100% of B. and S.C., the stakes will be united in one hand and the deal is done.
and Searchlight Expl. was a 10% owner of Bouse Inc. and of S. Copperstone Inc. too. and there have been agreements - never terminated - with Searchlight about royalties or so, if they produce gold.
hopefully HGLC is part of the equation.
where are all the properties of HGLC??
I hope Mr.Lowenthal will answer our questions.
neither Mr. Saner nor Mr. Lowenthal went to prison.
hello varmit, I hope you are well.
Mr. Lowenthal is registered as a president.
geologist Mr. Saner, registered as CEO, is digging for gold in Africa.
during your absence there have been a lot of trades (10.000 shares and 50-
80.000.000). ??
possibly no further delay, but...
we will see.
GNCP has never gone bankrupt,
FFGO is delisted and administratively dissolved in WY but it has never gone bankrupt.
HGLC is CE/Expert, it has never gone bankrupt despite this fine of 300.000 US-$ (2009). and the promised dividend from the sale of Amer. Molygold Inc. for more than 600 mil US-$? sale of Lookout Silver Inc. for about 60 mil US-$?
what about the tailings of ASPA Gold Inc. valued at about 50 mil US-$. gold price was much lower. easily to extract. there are several questions. perhaps they will be answered.
motherload: there are several properties ot the type "detachment fault". cf. the assessments of Prof. Colliston for Bouse, S. Copperstone and Mockingbird. these detachment faults often show a lot of precious metals.
GNCP also with detachment faults, if I remember correctly. motherload possible as your question suggests. hopefully, hopefully.
we should never forget: there are experts among the management(s).
all very interesting.
about 15 mining assets
I hope we will get these answers - time is ripe.
and what?
besides GNCP I have FFGO and HGLC too from 2008/09. I think we are waiting for the same event: the payment of our liquidation div.(FFGO) and our dividend from the sale of Amer. Molygold (HGLC) for 650 mil US-$. the statement of the FFGO management "HGLC is hopelessly bankrupt" is not understandable for several reasons.
I expect that both dividends will be paid.
I think you have observed that there have been traded a lot of shares of HGLC during the last months. perhaps a new controlling group (probably trades executed by algorithms). there have been a lot of properties in HGLC - they can´t disappear. in 2008 management has written about an offer of about 3 ct/share HGLC to buy the company. the price of gold is a lot higher today.
the write-down to zero of ASPA Gold/RENS is not convincing imo. maybe it was only for tax reasons. remember: there has been/is easily extractable gold in the tailings for more than 50 mil US-$, calculated with much lower gold prices. why write-off? of course you can reverse such an write-off.
we must wait and see - and a lot of questions to our management.
I hope these assets will resurface shortly.
it seems to me that the former subsidiaries have gone. in these Inc.s have been 9 gold and silver properties...
otcmarkets/ GNCP company profile:
now GNCP has "interests in gold and silver mining exploration properties... White Hills, Yarber Wash, McCracken and Pearl Spring..."
what about the Corp.s? why (only) these "interests"? Sold??? but if sold, why these "interests? where are the other properties?? what about the share structure of GNCP?
seems the restructuring is total. I am waiting for the result. and especially for the "3400% are worth waiting for...".