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Worthless securities can be removed after 6 years. That is law and that is a fact. FFGO is considered worthless and can be removed.
https://www.sec.gov/rules/sro/dtc/34-49930.pdf
Here is part of the above link
IF you ever had an option past expiry it is also removed once it is expired and worthless. That is a mandatory reorganization.
The technical term is worthless which is under mandatory reorganizations that done by the DTCC. A stock split or something like that is done by the company through the DTC. Ask the DTC if FFGO was subject to a PREM.
Interesting though, your letter is from April of 2017. At that time the DTC combined many mandatory reorganizations. There was no way for TD to know what it was. In December of 2017 the system changed. Now it would be code WRTH AC-93
Enhancements to Corporate Actions Web (CA Web) for Announcement of Reorganization Events -
http://www.dtcc.com/~/media/Files/pdf/2017/12/15/7405-17.pdf
Here is the original PREM announcement - https://www.sec.gov/rules/sro/dtc/34-49930.pdf
There is no stock split or reverse split. Does that even make sense? There is a PREM going on because the stock is worthless.
That is two if's and a conspiracy theory that doesn't fit any facts instead of just using the information supplied by the FINRA on how the system works.
Why make up a conspiracy theory? Brokers could hardly care about the dead shells.
Alan - 711 has shown that the shorts you are seeing are definitely long trades.
Since you ask, the reason your theory is breaking down is because you are assuming they are diluting with shorts when there is no evidence that they are. You are attempting to form aconspiracy theory without accurate or complete data.
Nothing is inconsistent, it is how it works and very easy to understand. There are many different reasons why fills are reported short sales for GNCP. There is is all painlessly explained by FINRA where they report trades marked short but not shorts.
Since you ask, it is trade 'marked short' (which Finra reports) not 'a short'. They obviously have your shares so they are marking it short not shorting. They can't mark your trade long if it is traded from their account.
You get guaranteed national best price and nothing else. Why do you not worry about the actual transparency in the stock? That is same on all markets.
In the real market there are multiple exchanges and considerable more order types. Watching level 2 means nothing since many if not most orders will not show up there on either side. It changes too fast to matter anyway.
You guys must think these all go through automatically/electronically like an exchange market for real stocks. Your a pink stock on OTC.
No, there is more than one way to sell and it is explained on OTC markets.
That is a real charge, have you thought about how it would work? You have no right to a certificate anymore. There is a lot of work involved. In order to get a certificate the transfer agent needs to take one with a lot of shares, and break into an amount you want. They are not issued in 100's or something. The certificate would need to be mailed to the transfer agent from the DTC. Broken apart. Part is mailed back to the DTC and part to the broker. Then it could be mailed to you. Many people are involved and many agencies/companies.
In this case it seems the DTC had fraudulent certificates.
7-11 Nice to see you prove that Alan's 'short sales' are not short sales but only sales marked short. This should be helpful to him. Long sales are often marked short because of the way that pink/grey OTC stocks trade which is not how regular stocks trade. They do not trade they way many think or maybe they want.
The Sec did. This authority is 16 years old. Reorganization is a generic term and has nothing to do with your impression of what reorganize means. The Shares were reorganized into a shredder.
GNCP pays no tax lol. They have no profit or even revenue to pay any tax on and they already have lots to claim if they ever did. You claim it old news but previously said that you had no message about it?
What you don't have is any knowledge on where the properties actually are as in their physical location or their current owners.
Who is they in this quote of yours? DO you mean GNCP or ASPA or FFGO or NMGL.
So how do you know if is not reported anywhere? You know but they hid it? Is this the same reason why 'they' hid the earth is flat?
No message? Did you want a tweet about it?
Use this PDF of annual financials with the search command and the word ASPA. There are 10 hits total that all say the same thing. They have stated it 4 times in financial that they filed 20 times.
FFGO is dead. Revoked doesn't mean dead but it can, the facts state it is dead. It never was real company to start with so it wasn't hard to die. When I read the FFGO releases I laugh.Real companies don't write releases like that and real investors never bought any FFGO.
That Q&A was going to be done by the last management who already left town with their ball. They were doing a Q&A on their operation. They had no intention on answering questions about former mining claims and stated such.
The preferreds were always bogus like FFGO and I would think most know that. Maybe you should look up the properties and see who owns them. Do you know their actual locations.
So what your saying is they just haven't cuaght anyone yet; they often do; and it takes time and the only thing we know is that GNCP hasn't been charged, yet.
GNCP has stated there are no shorts multiple times. When you think that GNCP lies, the fact is they tell you most of the information that is true. Longs just forget it. They also say things about the future that never happen but this is not illegal, but it is the only part longs remember.
Are you saying it is just a matter of time before the SEC charges GNCP?
Don't let the relentless pressure of additional shares get to you. Here is something for you to do to help the common shareholders.
The B-Preferreds are currently incorrectly reported 4,052,025 Preferred B too high (accidently?) by the company.
2,601,597 for Diamond Peak Resource Corporation and the 1,450,428
for Searchlight Exploration, LLC were added on May 18th and are in the total reported on May 30th for the MARCH 31, 2019 quarter. THey added them back in again for the next quarter. I have added up every Preferred B issued to ensure this is correct and that is at the bottom. No more were added after May 18th to account for this incorrect addition.
Page 9. https://backend.otcmarkets.com/otcapi/company/financial-report/225256/content
Date Preferred B's added
06 17 2014 245,172
06 17 2014 281,183
06 17 2014 281,183
06 17 2014 107,916
06 17 2014 107,916
06 17 2014 106,578
06 17 2014 106,578
06 17 2014 630,637
06 17 2014 70,101
06 17 2014 73,985
06 17 2014 73,985
6 17 2014 73,985
6 17 2014 10,831
6 17 2014 32,010
6 17 2014 8,536
6 17 2014 48,609
6 17 2014 62,857
6 17 2014 104,761
6 17 2014 78,829
6 17 2014 61,818
6 17 2014 20,133
6 17 2014 100,667
6 17 2014 60,400
6 17 2014 36,000
6 17 2014 650,000
6 17 2014 334,979
06/26/2014 10,000
06/26/2014 10,000
06/26/2014 3,750
06/26/2014 3,750
06/26/2014 3,750
06/26/2014 3,750
06/26/2014 3,750
06/26/2014 3,750
06/26/2014 3,750
06/26/2014 3,750
06/28/2014 50,000
06/28/2014 50,000
06/28/2014 20,000
06/28/2014 10,000
06/28/2014 10,000
06/28/2014 10,000
06/28/2014 10,000
06/28/2014 10,000
06/28/2014 10,000
06/28/2014 30,000
06/28/2014 30,000
06/28/2014 30,000
06/28/2014 30,000
08/19/2014 2,000,000
09/19/2014 15,000
09/17/2014 164,028
09/17/2014 15,000
09/17/2014 6,775
12/30/2014 195,000
12/30/2014 61,250
08/10/2015 300,331
08/10/2015 20,000
11/09/2015 -130,000
11/09/2015 -130,000
11/09/2015 -130,000
11/09/2015 -130,000
08/21/2018 -86,500
08/21/2018 -86,500
05/18/2019 2,601,597
05/18/2019 1,450,428
Agreed except I think PDIV will have some life for awhile and there somne facts.
PDIV / GNCP - No Facts, No Substance, No Class, No DD, No Reason, No Humility, No Heart, No Life, No Nothing!!!!!!!
Don't let the pressure get to you and remember investors do not control any direction in the company. They do not run them. They just get to decide if they are going to either buy or sell them. Ideas of what might happen are nothing more than fantasy's and opinions. The facts are from the historical performance and filings.
GNCP has not filed anything stating they have any CBD operation. They got out of that. GNCP in fact doesn't even have a grow operation and have stated they have no money for one. Those are the facts.
Yes they are all disappointing, but the filings are required. No one is saying GNCP is going away. It is just not going to trade anymore and go dark and private, but it doesn't really trade at this point anyway.
They explain everything that GNCP has backed down on, and all the shares that have been exchanged that give PDIV control. They don't want shareholders calling them all the time expecting something different to happen. Obviously when the former directors took future ( the working CBD company) and quit, they forced GNCP to release the last 3 filings.
ONE MORE THING!!!!!
When ever GNCP releases lots of filings it gives too much information for most people to absorb. Have you not noticed this?
We can wait and see who is right again.
Did you find the 4 million extra preferred shares?
Billions is not really a lot on this stock anymore. Do you understand that they own 99% by adding more shares and not by buying them?
Do you have some misunderstanding what happens if PDIV owns 99%? They don't need to buy any more shares. They can just take GNCP off the market and hold it as a private subsidiary. You will hold your shares in the subsidiary. They don't have to pay you anything.
Your best bet is if they do a squeeze out and pay you 0.0001 a share, but it might only be 0.00005. However it is unlikely they would want to put any money into this since they haven't before.
If you believe there are shorts (which all DD and the company states there is not) having PDIV adding over a 200 billion shares 99% doesn't change anything. Could attempt to explain how you think it would change something? PDIV certainly doesn't want to the share price up. Having it low makes a cheap buyout in a squeeze out. DD states they would rather freeze you out and pay nothing, especially at over 99% ownership.
Keep in your DD, while PDIV has filed they could own 99% that is required filing. There are still over half the preferreds to convert which have not yet been either mentioned or acquired by PDIV.
Also, has your DD counted yet the B shares to see if GNCP accidently added 4 million that are unaccounted for yet? That is another 80 billion common that GNCP has accidently added.
GNCP has also not filed the B conversion done in February. I figure it is because it made someone an over 10% holder and we all know what that would mean.
Your DD needs to include what happens to a 5% minority holder in a control takeover situation, which is either a freeze out of squeeze out. PDIV has to pay you the highest price they paid for common shares in a buyout.
Do you think that PDIV will claim that their highest price paid is 0.00005 or 0.0001 / share? Although I find it hard to believe that will actually buy back those shares they sold you at any price. A squeeze out would apply then. You could form a class action for minority right protection.
Although many believe there are more shorts than drops of water in the ocean, the company does not. They are not amateurs, they do not buy pink OTC shares, they sell them. They have clearly explained that in multiple releases over the last year, you can not blame them, they know the line. They are in this to end up with money and there is none in pursuing a short theory. It certainly does help them when shareholders believe it.
Clearly there is no problem. It is clear. A dead shell with no business and no assets trades for a near zero price. Currently it is trading for millions and that is too high.
What advantage would they have in telling you an answer?
Do you mean someone that says they sold 500 million shares at the Feb high of 0.0005- 0.0006 cents? Funny thing is not that many shares were sold at those prices. In fact only 175,000 were sold at 0.0006 (or $105.00). There were only 2 days Feb 22 and 25 when the stock hit 0.0005. There was not 500 million shares traded at that level, only 2.1 billion shares traded at all prices those two days.
AS FAR AS SHORTS.
IF Varmit personal sold 500 million (according to him) of 9.5 billion shares traded from January 15 to May 31st (GNCP's June 17th Filing). It only takes 20 Varmits to account for more than all the volume. Where would shorts fit in!
GNCP has also not filed an 8K in 14 years. They have NEVER filed an 8k on gold. GNCP has never stated there was billions in the ground in any filing. IHUB posters have, maybe you got your information there? It is just like they never stated that they did any Radar. Find a tweet, new release, 8k or other filing where GNCP states "IN BLACK and WHITE" they have "BILLIONS" in the GROUND. The don't ever release anything like that and don't have to. Imagination of riches does it and when that runs out then there is always shorts to blame (which they also never do).
Here is the start of the last 8k 14 years ago. Your DD is missing facts and is maybe based on IHUB.
VOLUME ONE.
ONE
ONE
ONE!
I can't say I have ever seen that. I have been laughing for 5 minutes.
Insiders must know something LMAO. Big short squeeze coming lmao. Insiders don't own any GNCP. IF they knew something was happening they would. The amount converted for the vote proves they owned nothing; they obviously are too smart to waste money on a dead shell.
Someone claimed it was coming right away, momentarily. He might have not known what he was talking about. Or possible he was using company filings for information, which is always disappointing.
Is 'momentarily' tomorrow? Any chance you might not know?
End of the week has nothing to do with it. Why not end of the year?
This is the last day, as 3 day of the week, that 'early' can be considered. I think yesterday was the cut off for early in most peoples minds.
Unless they meant they would file - - earlier than they were going to --- by next week --- . That is more in line with GNCP filing method. I would expect early January.
Q and A isn't going to happen. That was the new management (or is it old management now) which obviously took the small functioning cannabis company with them and left GNCP with the JENGU shell.
The preferreds are toxic for many reasons. You get fixated on common dilution as the problem. You're at no bid, you would trade 10 or 100X lower if it was possible already. The problem is control. They own all the assets through the preferreds. They know even if you don't that the assets are worth less than the preferreds. There is no possible way that they can actually lose the assets. There is no possible way they can lose control of GNCP. There is no possible way you can win.
You have no historical extractions. You are comparing different properties that have the same name since they are from the same area. Possible gold in the ground IS NOT WORTH MUCH. Anyone actually involved in real Gold exploration trading KNOWS THAT. Pretending otherwise is just pretending.
Remember your previous failed attempt to compare Oatman, and state it was worth billions. Here is your reality check.
PBR bought that mine for $6.9 million. It is the ONLY patented mine in the region. It previous produced 700,000 ounces or $1,000,000,000 of the entire areas 2,000,000 ounces or less than $3,000,000,000 in gold. PBR has the property that produced over 1/3 of the entire area's worth. Your estimations are off by 1000 times at the very least if not more.
PBR are currently worth about $19 million US and they are actually running something and have drill programs. Read some of their releases and see if they look anything like a GNCP release. They talk about what they are doing not saying sorry we are going to do something next week we can't tell you about.
This all means what I have stated before; GNCP assets are not worth what GNCP paid for them. GNCP isn't even selling the claims. It's not worth a million dollars total. GNCP's property has no exploration, no mine, no equipment, no property and no claims.
For $6.9 million this is what PAR bought. https://web.tmxmoney.com/article.php?newsid=6461232830632253&qm_symbol=PBR