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They already told you earlier. The value was not going to pay a dividend and it wasn't enough to cancel even the secured preferreds. There is no one who will pay cash to get the right to lease assets to start exploration. They are not selling property or claims.
Keep in the mind the only exploration (if you call it that) was the grab samples of which not all were even new (check the dates on samples). The results were also not good and completely not reliable.
So your opinion is the SEC, FINRA and DTCC are
working with GNCP on shorts.
You base this on
1. There are no FTD to seen (hidden)
2. Regulators have not mentioned anything about any wrong doing
What are? FINRA does not report short sales.
Except they are not shorts. FINRA has a new explanation up which is maybe clearer to unsophisticated investors. It seems many amateur investors still can't understand what marked shorts are. Apparently, a lack of understanding can cause many to lose a lot of money buying shell companies into no bid while they expect something that can't happen.
The facts are clear in all the financials and have been clearly explained.
The mining properties are rented and fees are paid that total #325,000 a year. Actual claim fees are a lot lower than that. The deal was renegotiated in 2018 after fees were not paid for years. That resulted in a approx $4,000,000 payment that was paid in preferreds.
GNCP like the sisters never owned any claims or properties. They hardly have the ability to do that. The mines were over paid for (like BIOCANN), and were never paid in cash; but with GNCP funny money preferreds.
The subsidiary's hold the assets because the preferreds are guaranteed with the 'A' & 'C' preferreds. The preferreds get any money before common gets any. PDIV now owns a lot of 'A' and 'C'. By moving the assets to the subsidiarys, GNCP claimed sales revenue. That was used to get current and prove they were not a shell (see the attorney letter). That claim is also against all accounting standards but GNCP is not audited.
If PDIV are not paid their dividends they could take the assets as payment.
Thanks for the invite. I expect this news will be hilarious. I just doubt it will be on time, because there is no need for that, it won't improve the insiders position.
Early next week to GNCP should be maybe in 10 to 15 days? Unless there is unforeseen circumstances, then maybe a month or two. Going by history anyway.
Your not talking about GNCP properties. Those property's are large areas. GNCP areas are not those areas. You can't even name where GNCP area are.
Read the filings. They are taking any debt. Insiders are converting GNCP preferreds to PDIV preferrds. PDIV is taking the GNCP preferreds to make GNCP a subsiduary without spending a penny.
My point.
Properties that GNCP rents are not worth billions and are not even worth what they were paid for. The cost has now tripled since the purchase as well.
However a way needs to be found to bury all of that and have it go away with out anyone the wiser. Just like what happened with FFGO. That is now in process. Look at those who STILL believe in FFGO. REMARKABLE.
It was very effective and a brilliant move. I find this one currently also impressive.
Properties that GNCP rents are not worth billions and are not even worth what they were paid for. The cost has now tripled since the purchase as well.
However a way needs to be found to bury all of that and have it go away with out anyone the wiser. Just like what happened with FFGO. That is now in process. Look at those who STILL believe in FFGO. REMARKABLE.
It was very effective and a brilliant move. I find this one currently also impressive.
Obviously, he is not paid for that.
How will you know who is right? What will be the test?
If the toxic financing takes the common shares over a trillion and the current shareholders only have 1%.
Or if Biocann and Jengu turn out to be nothing?
If the preferreds are not all cancelled?
If the current management is not gone by March 31, 2019?
If a reverse split essentially occurs through an asset move to PDIV?
Trust all communications except the ones that are redirections, they are to flawlessly fool everyone.
Apparently Jengu was just a redirection and longs were suppose to know that.
GNCP shateholders are as invincible as the Black Knight!!
But the old diluted worthless GNCP common shares get canceled, and the conversion of preferrds can start again. GNCP preferreds have been moving to PDIV. Many new investors will come in - because this time is different.
Its basically a complete reverse split without needing permission from FINRA which denied the last one.
They never say much in the news, the majority of the filings are about debt and preferreds. Trading statistics to keep you distracted. They rarely say anything concrete that can not be backed out on.
They moved GNCP preferreds to PDIV and are sending GNCP dark.
GNCP preferreds > PDIV Preferreds X2
GNCP common > Nothing
PDIV trades PDIV preferreds for GNCP preferreds and then converts them to GNCP commons to take it over. GNCP can go dark and will become a 99% subsidiary of PDIV.
Truly zero understanding.
Well try looking it up instead of guessing how the law works.
They can't use GNCP current for there current. They don't use it, it is granted.
They can freeze out or squeeze out GNCP shareholders at anytime now.
No they can force you sell them in a squeeze out at 0.0001 which is the highest price they paid for their shares. Or they can freeze you out buy transferring all the assets and just letting the company go dark. These are the real facts.
Did you read the release?
No planting has begun and will not begin this planting season.
There are no plants, no hemp and no CBD.
At least another year for anything to be planted.
Doesn't seem that PDIV will need to buy a single share on the market at this point. Just think there are still lots and lots of preferred shares that PDIV doesn't own, they don't even own half of them.
23 gut shots for the longs lol. Prelude to the end.
Did you notice the change in the amendments. Looks like they are setting up the hand the assets back to Baumann, to cancel the preferrds.
Didn't common shareholders vote a couple weeks ago to cancel all dividends? I believe you said it was great news. I believe I said that would never happen. So now that it has happened (as i stated it would) you think it is good news? Why is that?
The preferrds added were the secured preferrds. The ones GNCP was cancelling in March LMAO.
How many have been cancelled so far?
PDIV does not say no dilution for 2 years. You are inferring that from what they did say.
Also when you say why would a company do that, keep in mind most companies NEVER DO dilution. They have NO NEED TO SELL SHARES. It is once in awhile they do it. They might add 5% not 5000%. 5% would instead be a gain in share price.
GNCP doesn't have $60 a year for that. They would have to have Future sell 600,000 shares to pay for that.
So you think that Jengu heard that future was actually going to plant a crop so Jengu backed out? It isn't really a part of GNCP plan to be involved in a real business. Pretend businesses always have something that might happen in the future.
JENGU SQUASHED THE DEAL WITH FUTURE PHARMA
It is all going to plan so far. There are 3 possibilities for the end.
1. Squeeze out at 0.00005. But why pay?
2. Payment with PDIV shares at 10000 to 1 or so. PDIV said this wouldn't happen.
3. Most likely is assets transferred to PDIV and GNCP goes slowly dark.
I still think however there is a miscount on the preferred B shares to the long favor. 4 million counted and added twice to the float.
I doubt we will get any. Not while hope exists which will probably be longer than any statue of limitations.
Which only means dilution. The dilution will be more than the acquisition. That is how this always works. Biocann bought for 120 million and worth next to nothing. All the mining claims which were only rented with high maintenance costs are no different. The Acquisition of GNCP by PDIV will bury everything.
It's how you know these are not real. Just read the financials. Read GNCP financials. I laugh in disbelieve when I read them. How does anyone fall for this when it is spelled out. However, I know that longs do not read them and/or do not understand what they read. It stymies the laughter.
No they haven't claimed that. They claimed they would be current on the 20th. They haven't said anything else. Just like they have never said the assets were worth billions of dollars, or there was buyout over 0.0001.
They have to file before the 20th for that to happen. Also need an attorney letter filed after the financials. No chance of being current on the 20th. None.
PDIV has no money lol.
If they did, it wouldnt be from doing bad investors a favor and over paying for their assets.
That is what is called guessing. Before GNCP Went dark the company had increased shares by 10,000% from 300 million to 16 BILLION. Those took a few years to finish selling.
Do you still think shorts are not on the tape or reported or what is your theory. Why are there no fails? Why are no more than a couple million short shares ever reported?
There is a problem, it is not shorts. It is called no business, useless overpriced assets and unofficial insider share selling. The problem is lack of critical thinking, unrealistic expectations and an inability to face the truth.
No cash was ever paid lol. It was convertible loans that converted.