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Ok and that doesn't say they are or ever will pay a dividend, it just says the obvious that the same considerations are offered with the shares.
There is no dividend, there will never be a dividend, there is no cash here and has never been cash here.
The dividend is a non existent carrot that has been dangled in every iteration of previous shells for at least 15 years, 8 alone just in GNCP....lol.. SCAM
Wrong, its basic math, the last OS was already 86 billion to issue 73 Billion to PDIV to achieve 88 billion as wrongly claimed would put the OS at 160 Billion.
That would never happen, as the AS is already out of compliance to allow for further conversions by law.
Your math is way off, they own restricted shares, they already had 15 billion, that may have increased to 75 Billion restricted shares, another 60 Billion does do anything because they are restricted due to be an insider.
That means the OS has also increased to at least 140-150 Billion shares, thus the need to increase the AS to 160 Billion shares to accommodate the bullshit ownership percentage.
No, what it means they can issue more shares to other entities that would cause that percentage of ownership to drop, in other words DILUTION.
So three AS raises in 6 months, I would say that is incredible but this turd has done the very same thing years
June 2nd, 2021 a raise from 40B to 49B
https://www.otcmarkets.com/otcapi/company/financial-report/286860/content
Followed by yet another raise July 16th, 2021 to 90B shares:
https://www.otcmarkets.com/otcapi/company/financial-report/292825/content
And of course the filing on Dec 10th to raise this to now 160 BILLION shares:
https://www.otcmarkets.com/otcapi/company/financial-report/316016/content
Ahhhh reminiscent of that year long AS raising in 2013-2014 from 950 Million to 30 Billion, when this turd did the exact same thing and yet here it is 7 years later and is still hasnt done a single thing they stated, not one real revenue, no profit and still the same extinct business plan, but this time its for real for real... for real...
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=107198391
Check that link from 2013-2014
I am not sure what you are trying to make of the OTC Markets Tier system. OTC Markets is not a regulator, it is a public company that provides a marketing service, its tiers do not add any legitimacy or risk reduction, in fact they quite clearly tell you not to rely upon company provided information and perform your own due diligence.
The Pink Current has nothing to do with regulatory action, the stock is current in it's filings to the SEC and that is all that means and nothing else. So what? It was still suspended and no longer has a Form 211 and cannot be quoted. It is garbage and will dry up to nothingness no matter the tier changes that will happen yet again in the future.
It really does, its transparent that it is a scam yet they very disclosures are ignored. They flat out tell you they print shares and there is no business...lol
You might want to read it again, they increased the AS to 160 Billion, the morons left the July date in the message body because they dont proof read. The state of Wyoming approved the AS increase to 160 Billion on December 10th, the date they were supposed to use.
On July 16th the approved the AS to increase to 90 Billion not far behind the increase that was approved to 49 Billion back in June.
Lol a freaking printing press
The morons couldn't read through their own release for erros before publishing it...lol.. They recycled the July AS approval and forgot to change the dates.. Ba ha ha ha ha ha ha ha ha.. real great group of professionals running this turd of a scam... But its OTC Market's fault in why this turd has not gone Pink Current:
https://www.otcmarkets.com/otcapi/company/financial-report/316016/content
https://www.otcmarkets.com/otcapi/company/financial-report/292825/content
Sounds like? It has no money and never has, it has sold debt in the form of convertible shares that when converted are at steep discount to market price. There is no actual business plan, a 3rd party leases unpatented US Bureau of Land Management properties at $155 annually per claim and this "company" supposedly pays those fees back to those 3rd parties (Lumb shell companies in WY) to have a potential claim if said property is ever explored and applied for patent.
To make a point, the last patented claim granted by the US Government was back in 1994.
This is by far the worst constructed scam out there, but it does it so transparently that anyone claiming that they were not aware is really purposely ignoring the documents presented and also the ever exploding share structure. This wasnt the first shell they did this, this is the 3rd or 4th iteration and PDIV will be the next, thus why the same people control it and with the same Noteholders all over again.
OTC Markets is not a regulator and they have no function in share structure so how exactly does your comment even remotely apply?
Where does OTC Markets ever mention share structure accuracy outside of the already existing Transfer Agent provided service?
Yes because morons cannot follow a simple template that for example says "End of Reporting Period" _______, that would be the date of the end the quarter and yet the idiots put the wrong date.
The same idiots cannot provide accurate financials as they do not know how to add 3 simple numbers together.
The truth is obvious, its not OTC Markets, it is incompetent morons who cannot fill out a simple template.
Right so you agree with my response below, makes sense considering they have screwed up 3 different times and cannot follow a provided template that requires yes and or no questions and fill in the blank.
You mean besides the obvious 90 days since the last "Further Amended" disclosure, which was after the Amended Disclosure which was after the original disclosure that was provide after filing a late notice back on Aug 15th, which really puts the delinquency at 120 days plus?
You mean excluding that obvious problem that its still not Pink Current when thousands of tickers have performed the same process and have been able to retain and or change tiers to Pink Current in the same time period.
Don't forget the same noteholders here in GNCP are also the same note holders in PDIV, the same usual suspects of Lumb, Baumann, Santini and their designated rat holes.
Its a completely transparent scam
The screenshot is of the OTC Markets page it lists the same two directors and company officers.
Look for yourself for once.
Also open and actually read the disclosures, the same 2 people are both listed as Control Persons in both companies.
That is actual due diligence.
lol
Uhhh PDIV is the same people, same note holders and the same bad actors.
Wrong, no such thing. The settlement system is a Federal Reserve Board system. Its called CNS and the brokers and broker dealers have no control of it.
The same system is used for banking.
Glad we cleared that nonsense up.
That is false, a naked short is a failure to deliver, there is no such thing as air shares.
Second naked shorts are not illegal, abusive naked shorting is illegal.
Someday..lol.. its been a scam for 12 years, nothing here but 160 Billion shares now...lol
SCAM
Yes, dumbass retail, traders, people who don't know any better.
No, 57 Billion sold to retail is in the market. Common shares are not control shares in the company, its no wonder the OTC has so many easy marks.
It wasn't another public company as they cannot legally do so. Retail being scammed up to now and continue to be, thousands of tickers in the OTC.
They are not buying shares in the float, they own 15 Billion restricted shares, they will add to that with more restricted shares issued up to 45% of the OS.
You are kidding right? They have maxed out the 90 Billion and have 50 to 60 active debt notes out there that have yet convert.
Hilarious, saw this coming from a mile on the last SS update on OTC Markets. Whats 160 Billion amongst Lumb, Baumann and Santini who also hold all the notes in PDIV....lol...
FTD Data, pulling the last 2 FTD reports there isnt anything of significance here:
SETTLEMENT DATE CUSIP SYMBOL QUANTITY (FAILS) DESCRIPTION PRICE
20211018 45783B103 INSD 60 INSTADOSE PHARMA CORP COM (NV) $12.00
20211026 45783B103 INSD 298 INSTADOSE PHARMA CORP COM (NV) $16.25
20211027 45783B103 INSD 9403 INSTADOSE PHARMA CORP COM (NV) $19.50
20211028 45783B103 INSD 19162 INSTADOSE PHARMA CORP COM (NV) $24.21
20211029 45783B103 INSD 30290 INSTADOSE PHARMA CORP COM (NV) $20.49
20211101 45783B103 INSD 1405 INSTADOSE PHARMA CORP COM (NV) $22.85
20211102 45783B103 INSD 61 INSTADOSE PHARMA CORP COM (NV) $26.45
20211103 45783B103 INSD 27 INSTADOSE PHARMA CORP COM (NV) $27.00
20211105 45783B103 INSD 154 INSTADOSE PHARMA CORP COM (NV) $41.25
20211109 45783B103 INSD 529 INSTADOSE PHARMA CORP COM (NV) $38.00
20211110 45783B103 INSD 167 INSTADOSE PHARMA CORP COM (NV) $42.02
Short Volume is not a short position, I am not sure why this has to be consistently pointed out that there are no shorts in this stock. Short Volume is meaningless data as it is incomplete and represents in this case almost all long position trade transactions in this stock. Settlement is Trade Day plus 2 days, Reg SHO doesnt care when the trade settles in between the trade date and those days, it must settle. If it doesnt settle and is open it shows up in the FTD report.
You could also read the last Notice provided by FINRA and once again makes it clear:
Well actually yes, FINRA found the data to be meaningless as well, and when the SEC pushed to provide Daily Short Volume reports, FINRA saw the same issue, that it is partial data that cannot be properly attributed to either long or short trade transaction and is easily conflated due to riskless principal transactions. They actually offered a better means of marking these transactions so that riskless principal would not obscure the short volume data and be misconstrued by unsophisticated investor types as SHORTING. Jess Habermann worked at FINRA and saw this very issue.
Since the reporting of short sales by these market participants is problematic and not
useful in terms of market transparency, and since, importantly, these market
participants are generally afforded exemptions from having to borrow stock when
effecting short sales, all such sell orders and trades could be marked with a specific
designation other than that of a long or short sale, such as a sale made or order
entered in connection to market making, riskless trading, or acting as a block
positioner. Then, the daily and monthly short sale information published by FINRA
would in a more meaningful way reflect true short selling activity taking place.
That is not shorting a stock, that is partial and meaningless data:
https://blog.otcmarkets.com/2018/11/13/understanding-short-sale-activity/
Whoooopty dooooo, short selling and criminal investigation, what does it have to do with a security quoted on OTC Markets that trades at .0001 to .0002 with no short interest of value and zero FTDs?
This stock isnt shorted, the article isnt claiming that shorting is occurring that is not reported. So what does it have to with GNCP that has no short interest and no FTDs?
You cite an article that discusses real stock on real exchanges that are marginable and opine that it must apply to the OTC Markets (not an exchange) and its stock that are predominately under $4 that are not marginable.
Worse yet all of the tickers mentioned in the article have ACTUAL SHORT INTEREST and at times were significant, in some cases 140% of the Float, and also experience temporary aggregates of FTDs. While this dried up turd has nearly nonexistent short interest and zero FTDs.
It is hilarious to see how unsophisticated investors ignore the financials even the audited ones and put value in Press Releases couched behind Safe Harbor Statements. Worse yet the PRs have zero detail, pie in the sky bullshit, nothing verifiable and yet are relied upon as real business transactions. Yet read the financials and there is no cash, no revenues, no business operations and the only thing of value outside of public share buyers is DEBT.
The real currency of OTC Markets, debt is bought and sold for share blocks to get rapid turn around of interest and then some. It is better known as money laundering.