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Uhh because they need the NOBO to provide the names and contact info from them, that is why they run them for proxy votes. They also want to know the percentage of the OBO versus the NOBO to understand their investor base. there is a host of reasons for pulling the data but none of them are for the purpose of share accounting any longer as that is now a direct result of the CNS (Continuous Net Settlement) system that generates all the necessary data of actual shares.
Hey remember when it was said.. BOOM... when this goes Pink Current.... That boom appears to be a THUD, pink current did absolutely nothing for the share price and well this last PR was also speculated to shoot this to the moon, and well.... shit looks pretty desparate at this point....lol
Who said they couldnt, point was made that you already have a transfer agent verified share structure report provided. In the past this wasnt given data and had to be requested and further the transfer agent would also have to request from the DTCC their balance. That is no longer the case as the account balance is provided daily to the TA now.
The OBO/NOBO list is an ancient methodology no longer applicable in the electronic settlement world that has taken over.
Garbage, the Transfer Agent already provides a verified share structure report, no need to run a OBO/NOBO list...lol
There isnt a single short here in this stock.
No work necessary, its pretty clear what they stated in that PR and all the things that did not happen. better yet explain away the fact there are no properties any longer as the subs no longer exist. No payment can be made as that would be conducting business and there are no registered businesses to conduct the business....lol.. ADMINSTRATIVELY DISSOLVED:
DO you? I mean that whole PR is a disaster when you read through it:
Never going to happen, they cannot sell the properties as they do not own them and a 3rd party actually directly leases them through the BLM. But their own written processes clearly outline why this cannot happen, they cannot transfer the titles as the havent completed any of the steps, step 1 being a qualified assay. Worse yet the subsidiaries that hold and manage those properties are all now Administratively dissolved. So the reality is, this turd has no means to sell jack shit:
Dissolved subsidiaries:
Well its much worse than lack of ownership, they haven't even completed step 1 in their own process to transfer title as outlined in their own disclosure. The subsidiaries that have control of leased properties have also all been Administratively dissolved....lol... this train wreck cannot keep any of it stories, disclosures, dates, registrations, etc.... current, correct and or accurate.
Actually you did get an answer:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=167466676
Well step one hasnt even happened, a qualified assay report, there isnt one and they wont pay for one, so its not even a possibility at this point.
Zero Action on their part for 14 years, add in the years in the previous shell companies and its decades...lol
Great point as you have pretty much shown why this is a scam as it has no actual business operations now....lol.. A holding company....lol... might as well have said they do absolutely nothing as it is the same thing.... ba ha ha ha ha ha ha ha
Not sure what you are stating, as all that provides is a notice for Article of Incorporation, it is simply disclosing they raised the AS to 210 Billion and will not talk about any issuances, look at all of them filed in the last year or back in 2014 about 9 of them now.....lol
Once again they clearly define the USA in the pr:
Yeah completely wrong, read the PR, there are no deals yet for one, number two it is here in the US... words like "States" and "United States Bureau of Land Management (BLM)" among many other words clearly define it is as US Properties.
Well you jumped like 10 steps ahead as they havent even started the first step...lol.. Not going to be mining crews out mining until a qualified assay is performed to start the process.
Funny what you find when reading through the latest disclosure in the notes section...lol
There are no qualified essay reports, read the disclosures, it explains they lack the resources to pay for such essays.
We as on the topic of the this board.
They were covered instantly, not hard to understand, sell 1 million to a buyer and at the very same time buy 1 million shares from the seller at the same price, pretty easy to understand. There are no FTD's here therefore there are no naked shorts as claimed. Until an FTD occurs there is zero reason for bringing up "naked shorting" in this stock.
I just told you go pull the SEC FTD reports, it has been explained a hundred times here, the broker dealers sells the shares to the buyer on an initial leg of the transaction on a tape reported trade and instantly buys from the seller those shares at the same price in a non tape transaction report, its called riskless principal. FINRA explains this process very well in their FAQ. Might want to read it sometime.
Its called the SEC FTD report, and there are no failures currently in GNCP which means all trade transactions were settled on both cash and shares.
The Short Volume report is incomplete and does reflect settlement at the end of the day, thus why you have to go to the FTD reports and check actual final settlement for the day.
Enjoy!
Yet we are not talking transfer of ownership. The statements are clear, the company and its shareholders claim that unpatented claims are to be sold and a dividend will be issued. That is not possible and you have proven that, as it requires far more other actions to get to that point and the first step has never been started.
I agree, they are not going to get one of these BLM claims to become patented, pointed that out hundreds of times here already.
None of these properties have been explored, they dont have the funds to pay for qualified surveys, they already state they are not going to pay for them and therefore the whole business plan falls right apart.
Yet none of those were actually shorted and settlement has already occurred. So meaningless data without the corresponding FTD for this period.
Not a single FTD here.
Obviously there is not, as there are disclosures here that clearly spell it out, absolutely nothing. Finance companies do not hand over $4M to such insolvent businesses with no assets, that is a FACT.
Yeah its amazing that a reputable and established financial firm is willing to hand over $4M to a company that has existed for 14 years without a single revenue and or profit. Not a single actual asset, but hey here is $4M...lol... Without an actual business plan and a means to execute one even if they were to come up with one.
It is when you dont own it and are claiming to "sell" it, as you know unpatented claims cannot be sold. Worse yet these morons dont directly hold the leases, there is a 3rd party who actually leases the claims through the BLM, and GNCP supposedly "reimburses" those annual fees. So explain how an unpatented claim be sold for millions of dollars, and describe how it can be accomplished in such a business arrangement that results in revenues specific to GNCP.
Fact is they outline this exact arrangement as a risk that there can be no certainty that GNCP will be given any rights to such a sale due to various constraints that if not met will result in a failed execution of the contract.
Who is buying unpatented BLM Claims? How does one sell unpatented BLM claims? They are leased properties from the US Government, Bureau of Land Management, you cannot sell government leased properties.
Yet again a complete disaster of a PR and back to the same rotten carrot of unpatented BLM properties.
You forgot to highlight the important parts here:
What is even more hilarious is they disclose yet again unpatented BLM Claims....lol... WORTHLESS, leased by yet again 3rd parties (Lumb Companies) , there are no "bidding" wars on BLM owned properties, they are owned by the government and leased at specifically $155 annually....lol
If there are no FTDs then there are no naked shorts, you have to have FTDs in order to have the possibility of naked short transactions. There are zero FTD's, so there are no shorts or naked shorts in this stock currently, a fact that cannot be disputed.
Oh no doubt, been done 3 different times already who can forget the real estate, or Biocann or the hastily formed Adult arcades that were touted as casinos, a true treasure trove of failures one right after another, but this time it is for real for real.
Only in GNCP can the carrot get further away from the last PR...lol.... Just a month ago it was closings: