Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Based on my review of Mullen Automotive's 10-Q for the quarter ended June 30, 2023, the most significant reason to not invest in the company at this time continues to be its lack of revenue and ongoing high cash burn rate.
Key points:
Mullen remains a pre-revenue, early stage EV company, now with the addition of operations from acquired companies Bollinger and ELMS. It generated only $308,000 in vehicle sales revenue for the quarter.
The company had a net loss of $311.4 million for the quarter ended June 30, 2023, compared to a net loss of $4.8 million in the prior year quarter. The increased net loss is mainly attributable to $248.4 million in non-cash derivative financing expenses.
Cash used in operating activities was $113.6 million for the nine months ended June 30, 2023 compared to $43.2 million in the prior year period. This high cash burn rate is not sustainable without additional financing.
Mullen continues to rely on raising external capital via stock issuances, convertible notes, and other debt instruments rather than generating revenue and positive cash flows from operations.
The company had $227 million in cash and restricted cash as of June 30, 2023 but with its high cash burn rate this doesn't provide an overly long runway. Management estimates sufficient liquidity only through June 2024.
Mullen will likely require significant additional capital raises to fund its operations until it can commence production and sales at scale. It does not yet have binding commitments for this needed financing.
Mullen's lack of meaningful revenue continued high cash burn, and reliance on external financing to fund its operations make it a still high-risk investment proposition. Unless the company can effectively manage its cash burn and transition to commercial production and sales, its long-term viability remains uncertain.
For these reasons, this "stock" has made my "Avoid at all costs" list which for a speculator like me, is really saying something.
No way in this lifetime!
Wow, this just in from MarketWatch!
GNCC Capital Inc., trading under the symbol GNCP, a company that managed to capture the market's attention with its trading activity.
In a surprising turn of events, GNCP saw a massive volume of 7 million shares changing hands today. This is indeed a substantial level of trading activity for a company with a market capitalization that has struggled to rise above the proverbial basement.
The total dollar value of these 7 million shares amounted to a mere $6 US dollars, which, in the grand scheme of the financial markets, registers as a rather nominal figure. This has prompted many market participants to question the rationale behind such heightened trading activity in a company with limited market value.
As for GNCC Capital Inc. itself, it remains a subject of intrigue within the financial community. The disparity between trading volume and market capitalization serves as a stark reminder of the idiosyncrasies that can occasionally manifest within the markets.
The trading activity witnessed today in GNCP offers a fascinating case study in market dynamics. While the reasons behind such activity remain unclear, it underscores the ever-present unpredictability within the world of finance. As always, prudent due diligence and a cautious approach should guide investors in navigating such peculiarities.
TradeDesk MarketWatch
Needs to be stickied with the header "In case this group of serial scammers is" . Thanks layton. Also, STJC whenever someone gets around to it.
I'm a little worried. Can you imagine the risk-free rate of return for an overnight repo is 5.21%? I just parked 350K in this investment and it occurred to me this simple rule for the effect risk-free rate has on options value where I spend a lot of time trading all kinds of options strategies. The risk-free rate increases the value of the call option because a higher risk-free rate lowers the present value of the exercise price, provided the option is in the money. The cost of carry is the net of the costs and benefits associated with owning an underlying asset for a period.
So look at this rate. Freaking I haven't seen rates like this in for quite some time.
https://www.blackrock.com/cash/en-us/products/282628/
Crazy!
Just makes me wonder how long this has kept people complacent and not putting money to work when the risk-free rate is so attractive. In some old pricing models I use, like Black-Scholes and the Binomial Options Pricing Model, for the risk-free coefficient, I was using less than 1% LOLOLOLOLOL!
Kinda looks like it holds water. And FWIW, this is their misleading statement, not mine. As usual, purposely convoluted language is their forte.
"Premier Development & Investment, Inc. (PDIV) is in advanced negotiations to dispose of its entire interest in GNCC Capital, Inc. (GNCP)."
This might be helpful and should be stickied here and on every board hosting an OTC BB stock.
Why is it that so many OTC BB stocks end up becoming worthless and are usually run by unscrupulous promoters that never result in any meaningful prosecutions or legal repercussions?
ChatGPT
The scenario you describe involves a combination of factors that can contribute to the perceived prevalence of worthless OTC BB (Over-the-Counter Bulletin Board) stocks and the involvement of unscrupulous promoters. While not all OTC BB stocks fit this description, there are several reasons why some of them might end up being less valuable and potentially associated with fraudulent activities:
Lack of Regulation: OTC BB stocks are typically traded on the OTC markets, which are less regulated compared to major exchanges like the NYSE or NASDAQ. This lower level of regulation can attract both legitimate companies and those with less ethical intentions.
Limited Financial Reporting: OTC BB-listed companies often have fewer reporting requirements than companies listed on major exchanges. This lack of transparency can make it difficult for investors to assess the true financial health of these companies.
Pump and Dump Schemes: Unscrupulous promoters may engage in "pump and dump" schemes, where they artificially inflate the price of a stock through misleading or false information to attract investors. Once the price is artificially raised, they sell their shares at a profit, leaving other investors with losses when the stock's value collapses.
Lack of Qualification: OTC BB stocks are relatively easy to list, which means that companies with little operational or financial substance can get listed. This can lead to a higher proportion of companies that are at risk of failure.
Speculative Nature: Many OTC BB stocks are considered speculative investments. They often represent early-stage or small companies that are more prone to failure due to market volatility, competition, lack of funding, or mismanagement.
Limited Liquidity: OTC BB stocks can have lower trading volumes and liquidity compared to stocks on major exchanges. This lack of liquidity can make it difficult to sell shares quickly, leading to potential losses for investors trying to exit their positions.
Lack of Due Diligence: Investors who invest in OTC BB stocks without conducting proper due diligence may be more vulnerable to falling victim to scams or poor investment decisions.
Enforcement Challenges: Prosecuting individuals involved in fraudulent activities can be challenging due to jurisdictional issues, lack of evidence, or limited resources dedicated to investigating these cases.
While there are legitimate companies listed on OTC markets and not all OTC BB stocks are worthless, it's important for investors to exercise caution, conduct thorough research, and seek advice from financial professionals before investing in any stocks, especially those on less regulated markets. Regulatory bodies like the U.S. Securities and Exchange Commission (SEC) play a role in addressing fraudulent activities and enforcing securities laws, but as you mentioned, enforcement might not always result in immediate or meaningful legal repercussions.
Priming up the dilution pump. Please keep up.
For shareholders of GNCP, this tweet could potentially be interpreted as bad news. The tweet suggests that Premier Development & Investment, Inc. (PDIV) is in advanced negotiations to dispose of its entire interest in GNCC Capital, Inc. (GNCP), which includes both common stock and loans. This indicates that PDIV might be looking to divest its holdings in GNCP, which could lead to changes in the ownership structure and potentially impact GNCP's existence.
The fact that PDIV plans to issue a detailed statement to clarify its rationale could imply that there might be significant reasons behind this decision. It's important to pay attention to the upcoming statement from PDIV to better understand their perspective and the potential implications for GNCP shareholders. Since GNCP is delinquent on several filings required to remain current which were never delivered, thus relegating GNCP to the Expert Market, it seems reasonable to conclude that this is the final nail in the coffin, ending the existence of GNCP as an investment or any other operation since it sparsely existed at all, having never generated revenue or ever pursued a viable business. It is also not unreasonable to conclude that the so-called disposition could also and likely mean that they will write off this investment as an "asset impairment," the way they have done with so many entities in the past.
Uptick? With this on the expert market allowing only closing trades? With at least 6 or 7 delinquent reports? Please, by all means, explain this uptick phenomenon.
Oh, brother! Face in palm. Good grief! As if! I'm so sure! Yeah, no! EOM
Rationale? Fetid worthless trash with no fewer than 7 delinquent reports they won't lift a finger to file. Should about do to accurately describe the reasoning, no?
You forgot the packies that Madam Wu was always on the verge of delivering, per the Casper Report. Ah, the good old days.
You forgot the packies that Madam Wu was always on the verge of delivering, per the Casper Report. Ah, the good old days.
If nothing else, this little news release allowed insiders to dump shares into some pretty decent volume at a now astronomical price.
Date Open High Low Close* Adj Close** Volume
May 28, 2021 0.0007 0.0007 0.0005 0.0007 0.0007 485,226,043
May 27, 2021 0.0009 0.0010 0.0005 0.0007 0.0007 3,270
May 26, 2021 0.0013 0.0014 0.0009 0.0011 0.0011 566,059,799
May 25, 2021 0.0013 0.0015 0.0012 0.0014 0.0014 171,498,511
May 24, 2021 0.0014 0.0015 0.0013 0.0014 0.0014 73,631,090
May 21, 2021 0.0012 0.0015 0.0012 0.0014 0.0014 170,285,780
May 20, 2021 0.0014 0.0015 0.0013 0.0014 0.0014 183,314,629
May 19, 2021 0.0014 0.0015 0.0012 0.0014 0.0014 350,230,583
May 18, 2021 0.0015 0.0016 0.0014 0.0016 0.0016 118,618,602
May 17, 2021 0.0016 0.0017 0.0014 0.0015 0.0015 314,502,350
May 14, 2021 0.0017 0.0019 0.0015 0.0017 0.0017 260,734,578
May 13, 2021 0.0015 0.0017 0.0015 0.0016 0.0016 134,035,006
May 12, 2021 0.0018 0.0020 0.0015 0.0017 0.0017 423,065,948
*Close price adjusted for splits.**Adjusted close price adjusted for splits and dividend and/or capital gain distributions.
Incredible lie, but if you just attach the "Forward-Looking" disclaimer, you're GOLDEN.
https://www.otcmarkets.com/stock/GNCP/news/GNCC-Capital-Inc-Confirms-An-Acquisition-And-Other-Matters?id=302513
GNCC Capital, Inc. Confirms An Acquisition And Other Matters
Press Release | 05/12/2021
GNCC Capital, Inc. Confirms An Acquisition And Other Matters
PR Newswire
LAS VEGAS, May 12, 2021
LAS VEGAS, May 12, 2021 /PRNewswire/ -- GNCC Capital, Inc. (GNCP.PK) ("The Company" or "GNCC") confirms that further to our Press Release dated April 28, 2021, that we have agreed with our lenders to make the first of what we expect to be three synergistic acquisitions.
The Company is acquiring a Canadian MSB that is licensed to include: Foreign exchange dealing, Cashing or selling money orders, Money transferring, Transmission of money (or representation of money), cashing cheques payable to customers, Direct IBANS to collect clients' funds in their names, Authorized to Provide Money Remittance, Taking intermediary payments between a payer and a supplier through telecommunication, digital, and IT devices, offering payment services for bills and capable of accepting Wechat payments.
It has an additional license for activity with cryptocurrencies.
This pending acquisition is being facilitated by a secured loan and upon generally accepted commercial terms to your Company. We will not be issuing any of our shares of Common nor Preferred Stock in respect of this initial and further transactions.
We have elected to provide far more detailed information through OTC Market Filings and until such time as we have appointed a PR firm to deal with shareholder communications and investor presentations.
Your Directors wish to quietly get on with business and not have to constantly deal with a barrage of E Mail messages full of demands and coupled with endless vicious attacks on Internet Stock Chat Forums. Your Directors cannot afford to expend management time having to be engaged with these issues.
In summary, we are redoubling our efforts to appoint a suitable and credible Public Relations company to provide our shareholders with information on a daily basis. We, going forward will focus solely on business matters and day to day operations and will not be dealing with shareholder interaction, press releases and other issues that our shareholders deserve from a professional.
We can assure our shareholders that a suitable appointment will be made and as fast as is possible.
We would have preferred to expand upon our planning in this Press Release but following lengthy deliberation, a decision was made late yesterday to leave that to the professionals.
Forward Looking Statements:-
This press release may contain forward-looking statements. The words "believe," "expect," "should," "intend," "estimate," "projects," variations of such words and similar expressions identify forward-looking statements, but their absence does not mean that a statement is not a forward-looking statement. These forward-looking statements are based upon the Company's current expectations and are subject to a number of risks, uncertainties and assumptions.
The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Among the important factors that could cause actual results to differ significantly from those expressed or implied by such forward-looking statements are risks that are detailed in the Company's filings, which are on file with the OTC Markets Group.
Contact Information:
GNCC CAPITAL, INC.
Telephone: (702) 990-0156
E Mail: corporate@gncc-capital.com
Investor Relations Contact:
E Mail: investor@gncc-capital.com
Twitter: https://twitter.com/gncccapital
Cision View original content:http://www.prnewswire.com/news-releases/gncc-capital-inc-confirms-an-acquisition-and-other-matters-301289783.html
SOURCE GNCC Capital, Inc.
In case this group of serial scammers is having thoughts of running yet another share printing scam, this partial list of dead tickers should be stickied to this board so that if a new flock of uninitiated sheep stumbles across PDIV/GNCP hoping to strike it rich, they can at least see the dubious track record for these scammers. Feel free to add more links to the dead ticker pile of junk.
https://investorshub.advfn.com/ASPA-Gold-Corp-fka-RENS-19309
https://investorshub.advfn.com/Fortress-Financial-Group-fka-FFGO-3111
https://investorshub.advfn.com/Hunt-Gold-Corporation-HGLC-11344
https://investorshub.advfn.com/NationsMark-Nextgen-fka-NMNX-16265
https://investorshub.advfn.com/boards/board.aspx?board_id=3731
Well, I don't own any and never would since I avoid obvious scams like a case of herpes so I guess from that safe distance, I'll take the joke on me. So in your case, what to make of your situation, a joke? Or something far more ominous? Rather be me than you.
Loser!
Oh, just adding another nail to the 'correlation coffin' to help explain why your stock seems to be resting in peace. To continue the metaphor...here's another nail. I see a coffin over to the right under the stock price. See if you can find room to hammer yet another one into your investment lying in state.
A badass trader mother fu%$er with a whole lot of investment capital to throw around, so I only have to work a few hours a day, if that? That sounds about right.
I like the sound of that.
As for you...your crap just traded $ 0.027. What do you call yourself?
Gullible nincompoop!
https://stocktwits.com/Victhestick/message/537430024
FOR IMMEDIATE RELEASE
GNCP Announces Exciting Rebranding as "Gullible Nincompoops Can Pay" to Enhance Alignment with Innovative Business Model
August 4, 2023 GNCP (GNCC Capital), a pioneering leader in the dynamic realm of financial services, proudly unveils its strategic rebranding initiative, marking a significant milestone in the company's journey toward embodying its unique value proposition. The organization will now be known as "Gullible Nincompoops Can Pay," a name that precisely encapsulates the ethos of its groundbreaking business model.
This change reflects GNCP's commitment to redefining conventional paradigms and propelling itself into a new era of unparalleled innovation. As the financial landscape evolves, GNCP recognizes the imperative of clear and transparent communication, aligning its corporate identity more closely with its avant-garde approach to service delivery.
The decision to transition to "Gullible Nincompoops Can Pay" stems from a comprehensive analysis of GNCP's core competencies and strategic goals. The new name mirrors the essence of GNCP's business model, which revolves around leveraging innovative strategies to empower individuals who possess untapped potential, creating a mutually beneficial ecosystem where financial growth is cultivated collaboratively.
"Gullible Nincompoops Can Pay" epitomizes GNCP's dedication to embracing diversity and inclusivity, echoing its mission to harness the latent capacities of individuals across the spectrum. This rebranding represents an authentic embodiment of the company's ethos – nurturing prosperity through creative collaboration and forward-thinking financial solutions.
In the words of Stephen Craig Lumb, "Our journey has always been about more than just capital. It's about recognizing the latent potential that resides within each individual and providing the platform and tools to transform that potential into tangible financial success. Our new name captures this essence in a fun and memorable way."
While the name may have changed, the unwavering commitment to excellence, innovation, and integrity remains steadfast. The transformation to "Gullible Nincompoops Can Pay" heralds an exciting phase in GNCP's evolution, aligning the company's external identity with its internal values and vision.
The rebranding will be implemented across all aspects of the organization, including but not limited to digital platforms, communication channels, and marketing materials. Clients, stakeholders, and partners can expect a seamless transition that reflects the same high standards of quality and service that GNCP has consistently delivered.
The entire team at "Gullible Nincompoops Can Pay" is invigorated by this change and excited to continue fostering innovation, growth, and financial empowerment for all. The rebranding represents a pivotal step toward a future where possibilities are limitless, and success knows no bounds.
For media inquiries, please contact:
Your Financial Advisor who recommended GNCP
Ask the what the hell they were thinking when they recommended this as an investment.
GNC Capital Announces Bold Strategy to Harness "Non-Existent" Superconductors for Future Dominance
August 3, 2023 — GNC Capital (GNCP), the groundbreaking leader in the field of non-reporting, defunct, and immeasurable corporate innovations, is excited to announce its audacious plan to exploit the incredible discovery of room-temperature ambient-pressure superconductors by South Korean researchers.
In a move that has left the world scratching their heads and financial experts shaking their fists, GNC Capital has proudly unveiled its strategic vision to capitalize on the non-existent superconductors, promising to revolutionize industries that have nothing to do with superconductivity.
"We've always believed in the power of the intangible, the unproven, and the downright implausible," said Ronald Lowenthal, Chief Imagination Officer at GNC Capital. "While others may scoff at the idea of harnessing superconductors that may or may not exist, we see it as an unparalleled opportunity to redefine the boundaries of corporate ambiguity."
GNC Capital's groundbreaking non-plan includes the following non-initiatives:
Quantum Asset Acquisitions: Leveraging its unrivaled expertise in having nothing to show for itself, GNC Capital will embark on a journey of acquiring non-existent quantum assets to propel its non-existent portfolio to new heights.
Cryptic Collaboration: GNC Capital will forge cryptic partnerships with undisclosed entities to exchange invisible resources for imperceptible advancements, ensuring a bright future of obscurity.
Invisible Integration: Utilizing its visionary approach to invisibility, GNC Capital will integrate the non-existent superconductors into non-operational systems that will impact industries invisible to the naked eye.
Virtual Value Proposition: Embracing the virtual era, GNC Capital will create an entirely digital narrative around its non-existent contributions, solidifying its status as a leader in non-tangible achievements.
Wall Street insiders have been left both baffled and bewildered by GNC Capital's audacious move. "This is a game-changer, all right," commented financial analyst Jane Doe. "I've never seen a company take the concept of smoke and mirrors to such unparalleled heights. It's almost as if they've discovered a new dimension of fiscal non-sense."
GNC Capital's visionary approach to non-existent superconductors is a testament to the corporation's unwavering commitment to uncertainty, opacity, and non-reporting. With this groundbreaking leap into the abyss of the unknown, GNC Capital firmly establishes itself as the paragon of paradoxical progress.
About GNC Capital
GNC Capital (GNCP) is a leading innovator in the field of non-achievements and has been a pioneer in the art of obfuscation since its inception in an undisclosed location at an undetermined time. With an unparalleled track record of indistinct accomplishments, GNC Capital continues to redefine the limits of corporate non-logic.
Media Contact
Ivana Illusion
Director of Imaginary Communications
Phone: (555) NON-EXST
Email: ivana.illusion@gnccapital.fake
Disclaimer
This press release contains forward-looking statements that are based on the wildest fantasies and figments of imagination. Actual results may vary, or may not exist at all. Readers are advised to use their own judgment and skepticism when interpreting the contents of this release.
Oh, I agree. Like promising a website and saying that his stupid company would never be allowed to go Expert, and on and on and on. But someone puts up an obviously parodied PR that my 4-year-old could tell was a joke, and you suddenly find religion and start the rallying cry for SEC enforcement? More misplaced outrage simply doesn't exist in the world of reasonable people. Simply wow!
Get Real!
Ah yes. One of my greatest hits. Did you report me to the SEC? Get on it!
How much did you pay?
I am afraid I have better things to do with 160K. Trust me, I have that much, and then some but can't for the life of me find any reason to move away from the type of stocks and options I trade only to help some poor chap out of a 100% loss.
Surely you can think of a way to convince someone why this would be a good idea. If you can't, you're going to need to work on that.
Wow!!!!! This just in...For Immediate Release
August 2, 2023, GNCC Capital Inc (CE) (GNCP) announced a strategic shift towards the emerging field of artificial intelligence (AI) technology. The company has decided to abandon its mining interests and pivot in a new direction that it believes will lead to significant growth and profitability.
GNCC Capital Inc (CE) (GNCP) recognizes that the future of business lies in innovation, and artificial intelligence is the key to unlocking this potential. The company is committed to developing cutting-edge AI technologies that will transform the way businesses operate and revolutionize industries.
While GNCC Capital Inc (CE) (GNCP) has no prior experience in AI, the company is confident in its ability to succeed in this field. The company has assembled a team of experienced professionals and experts in the AI field to lead the way. The company has also invested heavily in research and development to ensure that it stays at the forefront of technological advancements.
The decision to abandon mining interests was not taken lightly, but GNCC Capital Inc (CE) (GNCP) believes that this is the right move for the company's long-term growth and success. The company is excited about the opportunities that lie ahead in the AI space and is confident that it can become a major player in this rapidly evolving field.
GNCC Capital Inc (CE) (GNCP) is committed to delivering value to its shareholders, and the company believes that its strategic shift towards AI technology will do just that. The company will provide updates on its progress in the AI field in the coming months and is confident that it will achieve its goals and objectives.
About GNCC Capital Inc (CE) (GNCP)
GNCC Capital Inc (CE) (GNCP) is a publicly-traded company that is focused on developing innovative AI technologies that will transform the way businesses operate. The company is committed to delivering value to its shareholders and is dedicated to staying at the forefront of technological advancements.
Forward Looking Statements:-
This press release may contain forward-looking statements. The words "believe," "expect," "should," "intend," "estimate," "projects," variations of such words and similar expressions identify forward-looking statements, but their absence does not mean that a statement is not a forward-looking statement. These forward-looking statements are based upon the Company's current expectations and are subject to a number of risks, uncertainties and assumptions.
The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Among the important factors that could cause actual results to differ significantly from those expressed or implied by such forward-looking statements are risks that are detailed in the Company's filings, which are on file with the OTC Markets Group.
Of course!
Just wait for the customary response from some of our thickest board members..." link please". That always gives me a big belly laugh.
Earnings are out...
FOR IMMEDIATE RELEASE
August 1, 2023
GNCP Announces Q3 Earnings of $0.00 and Revenue of $0.00 with Forward Guidance of $0.00
Dear Shareholders and Investors,
We regret to report that GNCP (GNCC Capital, Inc.) experienced significant challenges during the third quarter (Q3) of 2023, resulting in earnings of $0.00 and revenue of $0.00. We would like to provide insight into the factors contributing to this unexpected and disappointing outcome and offer our forward guidance for the company.
1. Loss of Director: The sudden and untimely passing of one of our esteemed directors had a profound impact on our organizational stability and strategic decision-making during Q3. Our heartfelt condolences go out to their family and friends.
2. Global Climate Change: The escalating effects of global climate change have presented unprecedented challenges to our operations and supply chain. Extreme weather events and disruptions have hampered our ability to meet production targets and fulfill customer demands during the quarter.
3. Failure of Phase 6: We had anticipated tailwinds from the implementation of Phase 6 initiatives; however, due to unforeseen complexities, these projects did not yield the expected results during the reporting period.
4. Basel 3 and Unrelated Events: The implementation of Basel 3 regulations impacted our financial sector, although we acknowledge that this is a separate and unrelated event that affected our industry at large.
5. Quantum Financial System Delays: Despite our efforts and investments in technological advancements, the realization of the Quantum Financial System remains years away, postponing potential opportunities that we had anticipated for improving financial processes.
6. Management Expertise and Engagement: We acknowledge that we faced internal challenges related to management expertise and a lack of cohesive engagement. Our board and leadership team are committed to addressing these issues head-on to strengthen the company's foundation moving forward.
7. Shareholder Communication: We acknowledge that our communication with shareholders during this period was inadequate, and we deeply regret any concerns or frustrations this may have caused.
Going Forward:
While we faced formidable headwinds during Q3, we remain steadfast in our commitment to enhancing GNCP's resilience and performance. We are taking the following actions to address the identified challenges and improve future prospects:
1. Strengthening Leadership: We are actively recruiting and appointing highly skilled directors to reinforce our board's expertise and bring fresh perspectives.
2. Climate Resilience Initiatives: GNCP will prioritize climate resilience initiatives to mitigate the impact of climate change on our operations and supply chain.
3. Phase 6 Review and Redesign: We are conducting a comprehensive review of Phase 6 initiatives to identify areas of improvement and realign them with our long-term objectives.
4. Basel 3 Adaptation: We are working diligently to adapt to the Basel 3 regulatory changes and optimize our financial operations to navigate the evolving landscape successfully.
5. Technological Advancements: While the Quantum Financial System may be years away, we remain committed to investing in cutting-edge technologies to drive efficiency and competitiveness.
6. Enhanced Shareholder Engagement: We pledge to improve shareholder communication, keeping you informed about our progress, challenges, and future plans.
We are aware of the concerns raised by our shareholders, and we humbly acknowledge our shortcomings. Your trust and confidence are essential to GNCP's success, and we are dedicated to earning and retaining your support.
Thank you for your continued faith in GNCP. Together, we will navigate these challenges and build a stronger, more sustainable future.
Sincerely,
Ronald Yadin Lowenthal
GNCP is a GINO, Gold In Name Only. FYI
Rick! I am trying to rescue GNCP and have $310,000.00 in undeployed cash and a nearly 1.5 million dollar portfolio at ET and another 300k at Interactive brokers, but I still can't buy. What's the problem?
I look forward to your incredibly well-thought super intelligent in-depth analysis.
https://stocktwits.com/Victhestick/message/537430024
This Just in ....FOR IMMEDIATE LOLS Justme: "Link Please!!!!!" LOLOLOLOLO
Tesla (TSLA) Unveils Hilarious Acquisition of "Regulatory Basket Case" GNCP
In a surprising twist of events, Tesla Inc. (NASDAQ: TSLA) has announced a side-splitting all-cash acquisition of the mining giant GNCP (Regulatory Symbol: GNCP). Brace yourselves for the comedy show as Tesla dives into the world of unpatented mining claims and regulatory shenanigans, all for a laughable .44 cents per share for a whopping 210 billion shares authorized!
GNCP, a company that even clowns find amusing, currently resides on the expert market, where only closing trades are allowed. Why? Because they're in arrears for not one, not two, but six quarters of financial statements and one annual report! Talk about a regulatory circus act!
Elon Musk, the undisputed ringmaster of Tesla, could barely keep a straight face when announcing this epic acquisition, commenting, "We heard GNCP's financial statements are so hilarious that they should win an award for 'Best Comedy of Errors.' We couldn't resist joining the fun!"
The acquisition price of .44 cents per share had everyone in stitches. Seriously, you can't even get a decent cup of coffee for that price! But hey, Tesla's all about efficiency, and if there's one thing GNCP is efficient at, it's keeping its stock price in the bargain bin.
But wait, there's more! GNCP's unpatented mining claims are leased through a shady 3rd party. Rumor has it that the party in question is none other than a mischievous leprechaun with a pot of fool's gold. Who knew Tesla was so interested in mythical treasures?
"We've always been fascinated by tall tales and mythical creatures," Musk joked. "Who knows, maybe we'll strike gold, or maybe we'll just get a good laugh out of it."
While the financial world is scratching its head at this "one-of-a-kind" acquisition, Tesla assures everyone that they've got it all under control. The regulatory hurdles, the financial mess - they see it as a comedic challenge!
"We're not just a car company; we're a comedy company too!" Musk declared. "Get ready for GNCP: The Greatest Nutty Comedy Performance!"
The acquisition is subject to approval from comedy critics and market regulators. Tesla and GNCP will work tirelessly to tickle their funny bones and cross all the t's and dot all the i's, bringing laughter and joy to investors everywhere.
About Tesla Inc. (NASDAQ: TSLA)
Tesla is a leading electric vehicle and clean energy company, known for its revolutionary products, bold ambitions, and occasional moments of sheer hilarity.
About GNCP (Regulatory Symbol: GNCP)
GNCP is a mining giant that has earned the prestigious title of "Regulatory Basket Case." They've mastered the art of financial slapstick comedy and have a knack for attracting shady 3rd parties.
For media inquiries, please contact: Your parents and ask them why they weren't more demanding when it came to your educational achievement.
Please do idiot!
https://www.sec.gov/oiea/Complaint.html
Forward-Looking Statement:
This release contains forward-looking statements, which should not be taken too seriously, and should only be interpreted for entertainment purposes. Actual events and results may differ significantly from any statements or beliefs expressed herein, especially those regarding the acquisition of GNCP, as GNCP may or may not exist in the real world. Readers are advised to suspend disbelief and not base any investment decisions on this parody.
While you're at it, please help me find unobtainium on the periodic table of elements.
Thank you in advance.
Tesla (TSLA) Unveils Groundbreaking Acquisition of "Expert Market" GNCP see post I am replying to.
Trans-dimensional acquisition. I thought I had heard of all kinds of mergers, Horizontal Merger, Vertical Merger, Conglomerate Merger,
Market Extension Merger, Product Extension Merger, Subsidiary Merger, Reverse Merger, Hostile Takeover...anyone know of others?
OMG, I was so wrong about GNCP FOR IMMEDIATE RELEASE....
Tesla (TSLA) Unveils Groundbreaking Acquisition of "Expert Market" GNCP for a Whopping 30 Cents per Share!
Palo Alto, CA - July 19, 2023 - Tesla Inc. (NASDAQ: TSLA) is delighted to announce an out-of-this-world acquisition plan that is set to revolutionize the electric vehicle industry and beyond. In a jaw-dropping move, Tesla has inked a deal to acquire the renowned "Expert Market" GNCP (Greatly Non-existent Chemical Products) for an astonishing 30 cents per share or a whopping $63,000,000,000!
Tesla, already known for its daring and innovative strategies, has set its sights on GNCP, an elusive "purported" lithium company that has managed to maintain a mystical aura in the market. The acquisition will bolster Tesla's mission to provide the world with sustainable energy solutions and will pave the way for lithium-powered rockets, taking the concept of "ludicrous speed" to an entirely new dimension.
Elon Musk, the enigmatic CEO of Tesla, was overheard saying, "This acquisition is like finding a rare unicorn grazing on Mars! GNCP's expertise in non-existent lithium will enable us to produce electric vehicles that practically run on sheer imagination and fairy dust. It's pure magic!"
The proposed deal is structured at an almost unimaginable 30 cents per share, valuing GNCP at an astronomical $63 billion, which is equivalent to the price of 210 million Ludicrous Mode upgrades. Such a deal has never been seen before, leading some financial analysts to speculate if Elon Musk has discovered a hidden treasure map or tapped into a parallel universe where GNCP's assets are worth their weight in unobtanium.
The acquisition is anticipated to close during Q3 of this year, subject to customary regulatory review and the alignment of the stars in the night sky. Tesla's legal team is reportedly working overtime to navigate the intricacies of trans-dimensional corporate acquisitions.
In a joint statement, Tesla and GNCP's boards said, "We firmly believe that this acquisition will unlock a new era of innovation in sustainable transportation, making our shared vision of a greener future a reality." They also assured shareholders that the price per share was based on the intrinsic value of GNCP's metaphysical assets and not influenced by cosmic fluctuations.
While some skeptics have raised eyebrows over the valuation, Tesla enthusiasts have taken to social media, coining the hashtag #LithiumMagic, praising the visionary merger and predicting a future where EVs will be fueled by dreams and powered by hope.
About Tesla:
Tesla Inc. is a trailblazing electric vehicle and clean energy company founded with the mission to accelerate the world's transition to sustainable energy. With groundbreaking innovations and a cult-like following, Tesla continues to redefine the future of transportation and beyond.
Forward-Looking Statement:
This release contains forward-looking statements, which should not be taken too seriously, and should only be interpreted for entertainment purposes. Actual events and results may differ significantly from any statements or beliefs expressed herein, especially those regarding the acquisition of GNCP, as GNCP may or may not exist in the real world. Readers are advised to suspend disbelief and not base any investment decisions on this parody.
For media inquiries, please contact:
Tesla PR Department
pr@tesla.com
This board, in a nutshell. Sadly, I'm being generous.
See the link to my trading account. You tell me.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172332957
The $1.4 million I'm sitting on mostly came from stocks and options. But a little mad money never hurt anyone. Never more than a few thousand bucks in this junk though. Didn't get greedy and got out when the meme stock craze propelled this and a whole mess of trips to crazy, albeit short-lived highs.
LOL, and what's your buy-side thesis, the "greater fool theory"? Only this time you hope you're not the fool?
Wow, this scam is more obvious than a Nigerian Prince Scam. And yet, people still fall for it.
Help yourself, dude.
There are no opening trades allowed for retail. So technically, it doesn't trade at all save for just closing trades or sells.
https://stocktwits.com/Victhestick/message/535834892
Here is a screen shoot of me trying to buy 1000 shs.