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Where did you read they are treated as equal?
GNCP is a company that doesn't file with the SEC, has a stop sign at OTC, has no assets and no revenues which petty much makes it a shell. You sign a statement saying that you understand that OTC is risky when you start trading. FINRA, DTC and SEC web sites also have multiple warnings about OTC shells and dead end companies. That is what they have done to help you.
The problems are all filed in the financials which many discount and don't understand. The dilution and zero assets are the issue and that is all filed and out in the open. The lack of claims is also out in the open. You have to do some of the research or take the SEC's advice and leave investing and trading to professionals. If you can't read financials you have no business investing.
It came out of thin air like everything else.
Extraordinary dividends are worth waiting for!
The SEC or FINRA barely care about a little company like GNCP. You are well warned that companies that trade on OTC are not monitored like real investments. That is why they are not charged with anything.
Besides, many of the issues that GNCP and sisters have, as far as investing goes, are not legal problems, the companies are just useless.
The companies never claim to have assets or claims, they just write releases that can be interpreted that way by gamblers and newbies. Anyone who reads releases or a real company has a good laugh reading GNCP and sister financials and releases.
Like the Biocann acquisition? Was that the first one or the flawless one?
Obvious to just about everyone.
I have. It was a pretty obvious scam to look back at. Look at all the warnings and explanations of how it was a scam. Did you understand any of those posts?
There are no properties. You can't even name anything that is owned. IF your going to pretended to put an effort in at least understand what your buying.
When you rent a claim or property you have to pay for it ever year or it's gone. Like renting a car. There is nothing and there never was much. Exchanging 'millions' of preferreds to an associated party on scam doesn't count for much.
What property?
You don't get to know information like that in trading and if your trading something real it shouldn't matter.
If you look at this post, it shows an enthusiastic buyer on the Biocann news; they don't ask who they can get the shares from; they just want to buy. There were many buyers on that news which of course turned out to be fake.
3.5 billion were dumped during the Biocann craze. You might hope that you could find out the exact days but in trading that type of information is never known. More have been dumped since.
LMAO, there are no market makers actively involved here except maybe the one slowly adding the shares from conversion. THere is almost no invovled here. You should try a big board stock and see what activity is.
There is a reason the company is usually at 0.0001 with no bid.
GNCP was taken over by PDIV. The preferreds all moved there. They have always controlled GNCP since they own 99% of it and will now control it from PDIV. GNCP has gone dark and will probably not post financials any more. Financials can be consolidated into PDIV instead. PDIV will get current since it is hard for insiders and affiliates to sell shares without it. GNCP is too bloated to sell anymore shares so current here is unlikely. It is the reason they stopped adding dividends for preferreds. No point. It's all like a reverse split, without the reverse split, because it was denied.
No financials filed. Financials late. Last financials filed 5 months ago. Going dark. As expected.
No payday ever announced. Zero cash, zero real assets, zero revenue. It's a step away from a shell. So dumb it's not even funny.
GNCP going dark? Financials are now late. I guess the new owners of GNCP see no need to keep posting GNCP financials. Since GNCP is nearly a 100% owned subsidiary, PDIV can just include GNCP financials in their own. Consolidated and not broken out. Assuming PDIV posts financials.
Maybe they will take GNCP private and current GNCP holders will hold shares in a private corporation. I guess the best bet is if they pay you 0.00005 for your shares.
Do you still think Financials will be filed early? I believe you said that in September.
Last time it went to 0.0005 3.5 billion shares were added to the float. It took a news release claiming that GNCP bought 120 million of CBD which of course never actually happened. The preferreds were also 50% lower.
I remember when GNCP stated they had a partner that had rare earths and some thought they meant that GNCP had rare earths. That partnership went away. GNCP doesn't have a partnership with PDIV. PDIV was used by the preferreds to reverse split GNCP. PDIV owns GNCP, it doesn't partner with it. This was predicted in the fall of 2018.
If GNCP was paid a dividend, how much of that dividend would be paid to GNCP common shareholders? Keep in mind that when PDIV states they own 99.5% of GNCP that is because they are not counting the other GNCP preferreds. Those are equal to the amount PDIV owns. So PDIV would own 49.45%, the other preferreds 49.45% and GNCP common shareholders split the last 0.1% between the over 20 billion shares that PDIV doesn't own. Every million dollars paid gives a GNCP common shareholders 0.00000005/share. A million shares gets 0.05, or 5 cents.
GNCP is dead, like the sisters, soon to be forgotten. Financials due in 2 days.
GNCP has no rare earth business. Perhaps you could link the location of a rare earth property?
12 more trading days until last years financials are due, assuming GNCP is going to stay current. With the preferred move to PDIV, not much need for it anymore.
There are still lots to convert and sell here, but it is probably better done over there where all the dilution hasn't happened yet. The rest of the preferreds will probably swap over in time. They get a double up doing it as well which will make up for the ones already sold. Almost seems like the odds are stacked against the true common longs with the sisters.
GNCP should announce they are getting into it, because so far they haven't. The word rare is not mentioned once in 289 pages of financials. They did announce they had a joint venture and the partners were in it (nothing to do with GNCP), but that all went away.
Why do you think Ron has gold? Is it personal gold? GNCP has none; it isn't mentioned in any financials. Here is the link to GNCP's last financial. I have copied all GNCP's vast asset to look at. The Biocann assets was apparently not a complete deal and was reversed but it still leaves just under $4,000,000 although the loans don't really count. But there still is over a million after that. On page 111.
CURRENT ASSETS
Loans – Subsidiary Companies 2,241,024
Investments – Subsidiary Companies 1,353,603
Unquoted Shares – BioCann Pharma S.A.S 120,000,000
I would think it has something to do with the Class B stock conversion potential, of which there is lots. Possibly an arbitrage between the two.
In 2010 there was 177,133,470 shares. Until the recent dilution there was 17,400,000,000 common shares and 60 million preferred shares.
That means in 2010 @ 0.003 the company was worth $ 531,400.
Now at 0.0001 it is worth $1,740,000 in common plus $60,000,000 in preferred shares. GNCP the company is now worth 116 TIMES MORE (not just 116%), its just the stock price that is down from the DILUTION.
It was diluted to death. Billion added to the float. Get your facts right.
There is no short as everyone knows. Not enough volume to account for all the conversion, regular trading and a short on top. Besides the fact that there is no reported short or reason to think there is a short. Its a fact and nearly everyone understands it.
There isn't a few shares remaining lol. There is more shares in the remaining than any real company that is worth investing in. 17 billion is the 1.5%. Perhaps you think PDIV is buying GNCP shares on the open market. LMAO, there is no point in that.
There is also no reason to buy out the shares. Over paying for GNCP shares would not help PDIV. This is the PDIV board.
PDIV only has to pay the maximum they paid and the law states they can force you to take it. That is 0.00005;; or they can just hold it as a subsidiary and not pay you at all. You will own your part of the 1.5% in the subsidiary. You would actually have to probably go to court to get your 0.00005.
Keep in mind that PDIV board of directors is obligated to choose the best option for PDIV shareholders.
Then why do you think that, if there is no evidence of any kind. It is just the typical hopeful wish?
The DTC has told TD to shred the shares. That is the re-organization that they have stated. The only evidence is THE DTC AS SAID BROKERS CAN SHRED THE SHARES.
You miss understand the process. They are not going to reverse split either GNCP or PDIV.
They are leaving the common at GNCP and moving all the preferreds to PDIV. The effect is just like a reverse split of GNCP without doing it. It is simple to understand.
This company is being used to effect a reverse split of GNCP. PDIV will have 99.85% of the GNCP common shares (without buying any) by converting GNCP preferreds to PDIV preferreds. GNCP can then be held as a 99.85% subsidiary and GNCP can stop releasing news and financials. It won't be needed and just a waste of money.
PDIV can then start converting preferred shares to common shares and everyone can then start getting a piece of the action as the float goes to 10-40 billion over the next 5 years or so. It has now been done multiple times with sisters, without a single actual business being developed, so there is no reason to think it has changed.
It could be one of your last times to be able to buy PDIV over 10 cents as it heads to 0.0001. A true PDIV long will buy at any price and be happy to do so.
Yours is not to wonder why, yours is but to do and buy.
What CBD? You don't have a CBD company, you have a grow op with nothing growing, no land to do it and no money to start it. You have a name with no business and no employees.
GNCC does not have the ability to finance Jengu nor is GNCC currently in a position to raise funding. The existing crop that is being harvested shortly now is solely the business of Future.
I think I PDIV share for ever 79,000 GNCP is a closer ratio. GNCP doesn't trade so it is really valued under 0.0001. Probably around 0.000005 it would trade better. With PDIV valued at .395 it is 79,000 to 1.
However PDIV stated they were not going to issue shares for an acquisition. If they own 99% they don't really have to give you anything. That is freeze out.
PDIV currently doesn't conglomerate anything, in fact it doesn't do anything; your kind of company!
How/why would PDIV give a dividend to GNCP shareholders? PDIV is the largest GNCP shareholder. Shareholders don't give dividends, they get them.
Here is another version of the FFGO story.
This stock is the GNCP shareholder.
What organization lists the scam FFGO as Dormant?
Mandatory reorganization includes taking shares to shred them. I have had options that have expired and they have stated reorganization when they were deleted. The shares are reorganized, not the company. Organized neatly into a paper shredder.
This is the real problem
The FFGO assets are not in GNCP and there is no reason to think so. Any assets of 100% owned subsidiary's are fully included in financials.
The assets that FFGO A and B preferreds are guaranteed by, are all gone. Look the assets up.
You could have got together and had the court liquidate the assets and have them held in trust, but you would have found none anyway. That topic is in the sections after your post. The time to do that is also long gone.
It has been 15 years since FFGO filed any financials with the SEC. LAMO. A decade and a half. The time to give up on FFGO was a decade ago.
Reading the releases from 2008 can make you laugh.