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Hilarious, they dump the shit out of this thing...lol, whats a couple ten billions amongst friends....lol
So they diluted the SS another 15.8 Billion shares in the OS and then dumped into the market another 20.3 Billions shares now at the DTCC....lol... Good job Mr. Lumb and friends... lol
But they tweeted and PRed no dilution... Ba ha ha ha ha ha ha ha ha ha..
Frustrating? Its a dire situation for those stuck in this stock after the Suspension. The company can say all it wants and it will have no impact on what happens the very first day the suspension is lifted. The stock will have no quotation, majority of brokerages will only allow sell orders. The stock WILL plummet rapidly in a matter of minutes as traders will exit out to claim their loss and move on.
There is no stopping that from happening, the company can say all it wants, but will have zero effect on that first trading day.
Well the facts are, its not pink current
Fact is that every time an email or tweet is produced it falls flat on expected timeline
Fact is none of the information on OTC Markets is current any longer and is directly due to the company
Fact is GNCP requested a late filing and then filed an incomplete and incorrect disclosure to only fail 2 more times after that with amendments that were also incomplete and incorrect
Fact is GNCP is directly the cause of the "Limited Information" tier since September
Well that is wrong in so many ways.
The SEC has already acted, they suspended the registration and in doing so pulls the existing Form 211, allowing no quotation of this security. They may Revoke the security in a 12J action in the future if they wish to do so.
This is a public company, fully reporting, although the manipulators behind this scheme that took over the insolvent business and filed inaccurate filings by check marking that this is a shell corporation, it is in fact not a shell. they never properly cleansed it of any financial obligation from the past and therefore it carried forward the existing debt obligations. Typical of scammers in the OTC.
All anyone has to do is go look at the last 10K officially filed and see it is clearly check marked "Not a Shell".
1.Trading "Halt" is not the same thing as a Registration Suspension
2. NASDAQ is an exchange and is not a regulatory agency, the SEC is a Regulatory Agency
3. The Form 211 is not affected by a temporary halt for news, however the Form 211 is discarded after a 10 day trading suspension from the SEC
4. Unawarness of the distinct differences is why stock like this scam are able to get easy money
The stock was suspended, what exactly are you expecting from an SEC suspended security that doesnt trade? Its Form 211 has been pulled, it will no longer be available for the majority of brokerages to buy, its as bad as it gets, the only worse scenario and is quite likely is a 12J revocation of the registration.
So what? People trade stock all day long, some here claim to trade around a "core" position. People flip pinksheet stock all day long, so how does claiming that someone bought 60B shares really mean anything considering that the stock is traded? The only numbers that matter are the ever increasing share structure through consistent Authorized Share increases and the ever expanding OS and FLOAT numbers.
This turd of a scam prints shares and that is clearly documented within their own disclosures.
Means none of that, simply put, just Issuer has been verified in the last 6 months. Adding in other bullshit that does not apply, also the fact is, this company has failed to provide a simple disclosure that meets OTC market requirements.
Nonsense, such transactions are not dependent upon OTC Markets Disclosure status. There is absolutely nothing stopping the announcement and further disclosures of "closed" business deals. It doesnt matter anyways, every deal ever PRed here to date was insolvent and or a completely made up business entity, often just weeks or a couple of months in state registration....lol
This scam is nothing more than a share printing press and nothing more, the Float and rest of the share structure confirm this.
Well first it is not OTC Markets giving them the run around. Second, maybe if they followed directions and provided the required information there would not have been a delay. If it was an OTC Markets issue it would have been resolved already, the facts are, GNCP feels they provided the necessary information as per their own opinion, but that opinion means nothing if it means going against the requirements of OTC Markets for Pink Current.
Worse yet is they clearly tell you the shareholders that they will no longer provide disclosures going forward unless OTC Markets changes the requirements...lol... Amazing.
It has nothing to do with their securities lawyer, it is clearly their inability to follow simple directions in the template provided by OTC Markets and provide the requested information. All one has to do is look at the fact there are three Q3 documents provided due to not following simple directions.
Ron needs to own up to the fact they were in fact late and provided a late filing notice to OTC Markets and then screwed up 3 amended disclosures. The fact remains that despite all of this, if the quarterly was in fact correct this would be Pink Current. But since they are of the opinion that OTC Markets should accept it as is, once again comes right back to GNCP being the root cause.
The other noticeable issue is that Transfer Agent numbers have not been updated, which is yet another indicator that there is a problem with GNCP being compliant. The other wonderful fact is that they state in their PR they will not provide any further disclosures until Pink Current. Well there goes the Form 211 at the end of December and this turd is done.
That is the point when all these other ticker were processed it becomes transparent whom is the actual problem, it wasn't OTC Markets.
The people running this are transparent idiots and cannot provide an easy to follow simple fill in template, but as pointed out earlier they cannot perform simple addition either.
Lets review, first they failed to file the disclosure on time, then when they did file the disclosure they had to do it 3 times now, we have a regular, an amended and a FURTHER Amended... is this next FURTHER FURTHER AMENDED.... Ba ha ha ha ha ha ha
Maybe they will learn how to add and avoid stupid shit like this as well
Just a model business unit operating this scam....lol
You mean like placing the incorrect dates on the first go around.... Wrong reporting period on the second one... all minor bullshit, yet shows how unprofessional and minor league these individuals are. Following simple directions and allowing shareholders to blame OTC Markets for the inaction of tier change when in reality is that they GNCP cannot fill out a simple provided template like all the other OTC Market tickers...lol
Read it this again
Ba ha ha ha ha ha ha ha ha... here comes the 4th revision for failure to follow an easy template already provided to them... Ba ha ha ha ha ha
Because that is TA provided information from their records, also its is "Beneficial Shareholders" has nothing to do with shareholders who bought stock from the market.
Unawareness running rampant as usual.
Prove that the regulatory provided FTD data is fake... good luck!
Complete garbage, this is not registered, bubble burst....
And so what, I said it could be a couple of reasons causing it, like how they filed 2 amendments that apparently they couldnt get correct the first time, what says it is not a 4th time?
Fact is, it is Limited Information and completely at GNCPs own fault because they are morons.
Wrong, if they still havent filed the disclosure correctly then nothing will change, if they havent paid their annual fee then nothing changes. There is nothing regulatory about it, failure to follow disclosure guidelines is not on OTC Markets, it strictly the Issuer, failure to pay the annual fee, is strictly on the Issuer. FINRA has no part in this at all, OTC Markets is a public company that provides a service and nothing more.
Simply put it is is strictly a GNCP problem. Enjoy!
Maybe file the disclosure correctly and not screw it up. The fact is GNCP filed the correction and its up there for everyone to see they screwed it up. Whats to say the did not pay their annual fee to OTC Markets? Easy to blame OTC if they did not pay their annual and are limited to LIMITED INFORMATION Tier only because of that. Enjoy!
Excuses, excuses and more bullshit from Ron...lol... Fact is they did not follow easy directions, filed an improper disclosure that did not follow the easy format given to them. Considering that many companies have had tier changes at this point the excuses flowing come back to yet again not following easy directions. Classic GNCP.
Further nobody cares if it is Lumb or his "nominees", in the end Lumb gets his cut and it is still stock ISSUED to Lumb, so save the bullshit Ron.
You cannot buy the stock from most discount brokerages, I dont know of any that are allowing buys of such stock. You are however allowed to sell, but since there is likely no buyers it would be difficult to do so. But the last resort is to call your brokerage and have them perform a penny for the lot transaction to get rid of the stock out of your account and record the loss for tax purposes.
You did not have to, you posted it right here:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=166060186
TDA has clearly stated no transfers, just as all brokers do not allow for transfers of penny stock.. enjoy!
Its not an opinion, it is a FACT, TDA just told you the same thing, its not their opinion, it is a FACT they will not allow transfer of such stock.
There are no dividends here, there isnt any cash, there isnt a business.
Well a share printing business for certain, bets on the Float/DTC numbers being over 45 Billion on the 30 September Transfer Agent update?
Yet has nothing to do with what I just stated, they will not accept deposit of shares that were purchased on the open market. pretty clear the distinction. Unlike real stocks that can be transferred, turned to physical certificate and then back into electronic deposit, penny stocks have no such fungibility. Enjoy!
All brokers do not allow transfer of penny stock purchased in the open market, been that way for a couple of decades....lol.. nothing new. Been discussed here before, they will not allow deposit of those shares. Has nothing to do with NSS, of course there are no NSS here as we can clearly see no FTD here in GNCP.
In this case they failed to file for over 2 years, they voluntarily filed the Form, a meaningless effort as this never had a Form 211 for quotation and was never going to see light of day in trading. It was already 2 years delinquent so it was never going to comply with new requirements.
Its been over for years, its just final now in light of new rules.
Uhhh you could read the same bullshit in a PR or disclosure back in 2014, 2015, 2016...etc.... its not that difficult yet still no website.
Yet none of that has anything to do with the chill and further this is also incorrect:
Do filings thru Finra
Issuers do not file with FINRA.
Filings are specific to the SEC for registrants, this is not an SEC registrant, glad we cleared that up.
The Form 211 already exists here, you have quotation, it doesnt cure a chill. The point about the Form 211 is the current issue for OTC stock in particular those did not provide current information by the deadline will be stripped of their Form 211. That is not the case here, however the new scrutiny of Brokers and Broker Dealers to sponsor such tickers requires additional processes. Point being, they are not going to revisit a chilled ticker and jeopardize their FINRA status to do so.
The issuers doesnt fill out a Form 211, the broker does, the Issuers supplies the required regulatory filings to the broker including audited filings. This ticker is not an SEC registered security, it has no filings, it provides OTC Market "Disclosures", the OTC Markets is not a regulatory agency.
And it is truly amazing that that OTC Markets currency was achieved strictly to avoid the Form 211 to pulled...lol.. its as scammy is it gets. By the way Transfer Agent is not provided verified Share Structure reports, yet another sign....
An issuer doesnt get a right to present a case, that is from a 2012 proposal to the SEC, it never made it into law, although issuers demanded to have some form of recourse to mitigate a DTC action. The DTC is a Federal reserve Member it is exclusively clearing firms, brokers and broker dealers in its membership.
Doesnt matter what Issuer has done to "clean" it up, the fact remains the claims of filing applications to the DTC and paying a fee are in fact a complete lie.
enjoy!
Lets look at the company statement again:
False, this ticker has a chill issued against it, this is as of June 2021:
https://www.clearstream.com/resource/blob/1316116/2115fe36f2c1e96ac3a5e8d830886e46/dtcc-deposit-chills-data.pdf
Management has in fact lied, there are no filings with the DTCC, there are no fees to remove a chill. The issuer has no path to clear a chill. the DTCC only works with Brokers and Broker Dealers.
As to why certain brokers can process trades to their clearing firms, depends on the the trade transaction, for example, internalized orders do not require a clearing house, as the trade balance remains within the same brokerage. Etrade is a very large firm with the majority of penny stock buyers.
Well lets be honest, its not like they could do one, they tried and got denied, they purchased a new CUSIP, performed a name change, filed to the state of Wyoming their intent to RS and well FINRA said no.
Its not their decision, because they would if they could get approval.
But hey what is another 60 Billion shares added on to the AS since the last attempt...Ba ha ha ha ha ha ha ha
They don't, an issuer is the company, the DTCC does not deal with issuer's.
Doesn't matter if management changed, the fact is the ticker earned a chill and it is not reversible because the shell is under new management.
The DTCC only works with broker dealers and considering the new rules regarding Form 211... well that chill isn't going anywhere.
Well it is a lie, an issuer has no means of corresponding with the DTCC. There is no such thing as "Filing" with the the DTCC, worse there isnt a "fee" to pay, completely made up. I hope you do not own stock in that scam.
Bingo, it tells you they have no standards, practices or policies in place as real businesses do.