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CEO Email:
Mr. Blom,
There is a huge inconsistency with what is listed on the OTC page and what the Madison Transfer Authority is telling investors on the phone in regards to the current outstanding shares total. In total it is a 3 billion share difference. Have you contacted Madison to see why there is a discrepancy? I saw from previous contacts you know of the problem, I am just trying to see what your solution is.
Also how much longer until you release the details about your plan to address the manipulation?
Thanks,
X
***Response from Ted***
I apologize for not responding sooner on all of these questions from stockholders. We are at this time extremely busy with operational planning.
Insofar as Stock Issuances, etc., it is extremely complicated and is 100% interlinked with a new Corporate Action being prepared.
I will be in a position to make full disclosure and hopefully, tomorrow, dependent upon our Attorneys.
I am in a position to categorically state:
NO ADDITIONAL SHARES ISSUED are in Certificate Form, Free Trading or even their issuances, “cast in stone”. I cannot say more at this point but any suggestions that our “free float” has increased, is complete nonsense. Everything will be very clear and as fast I can push the Attorneys.
Best,
Ted Blom
I don't think it will go anywhere but at least I can say I tried.
I sent screenshots from yesterdays trades to the FINRA rep that contacted me from my original complaint. I also discussed the disparity in the volume reported.
FINRA contacted me today. Send me a PM with proof of stock manipulation and anything else proof wise you would like me to forward to them. L2 screen shots/videos, emails, discrepancy in T/A and OTC O/S, etc.
DD. Radar technology improves ore-detection capabilities.
“Scanning with the radar enables the user to use a wide angle of views for the location being surveyed and automatically provides the location, depth and size of the deposits. It also visually maps out every detail of the sediment layers up to 60 m deep,” the company notes.
“Our refineries are able to refine precious metals to 99.99%, meeting the international standard, with no harmful waste or fumes emitted into the environment,” says the company.
Meanwhile, the company notes that the biggest potential for growth and opportunity lies in the market-segment development of small- to medium-scale privatised mining operations.
The company notes that small to medium mining operations are going to be large contributors to the mining sector in the next decade, as mining giants are not in the habit of investing in smaller-scale operations. “It will be these private and medium-scale mining ventures that help to produce and recover much-sought-after minerals and metals from regions that these large mining corporations have not for one reason or another tapped into,” says Dove.
http://www.miningweekly.com/article/radar-technology-improves-ore-detection-capabilities-2013-09-06
Normal hours.
http://www.otcmarkets.com/market-hours
.0002/120M x .0003/40M x .0004/21M
With the exception of two sales (and the 100/10,000 whacks) today has been all buys.
124M X 40M
Nice and respectful only gets you so far in life. Being dumb as a rock on the other hand catches up to you sooner than later. jmo
The lady with the thick New York accent from Madison that checked GNCPs o/s didn't seem too bright. She couldn't read 6 billion so she read the numbers from left to right. Probably her error.
Yeah, he'll be back next week.
Even if it got to that point...(which it won't, at least not before another huge run) there are people out there that will eat the .0001 shares up. Unless you have an astronomical amount you can almost always sell at .0001. You always have those that fell in love with a stock that will support it until the company goes dark. But that doesn't matter because there is no reason to believe GNCP is going to a no bid anytime soon. There are too many interested in this stock for it to go to a no bid. That just doesn't make sense, logically anyways.
Not really, less than $0.25 will knock it up to .0002. It isn't going higher than .0003 until at least 1 Jan.
Anyone that can see the L2 knows someone wants this thing to stay as low as possible. Don't plan to see this thing get out of the .0001-.0003 range until after 1 Jan imo. It is pretty obvious...every time a .0002 trade is sold it is immediately followed up by a .0001 at either 100 or 10,000 trade.
Take the next week and a half to accumulate, get your average down and hold until at least the next spike. There is no point in fighting this. If you really think it is necessary to keep the pps above .0001 just make your purchases in the last hour to keep it up. You are wasting your time trying to make this thing run right now.
Anyone expecting a miracle prior to the New Year is out of their mind. Wait until the conversion is averaged and then we will see this start to make progress. I am long and not expecting much to happen (besides loading at .0003 and below) between now and the second week in January. JMO of course.
It is a double edged sword. One side you have Blom with an excellent reputation and a lot of available info to back up his credentials. On the other side you have Lowenthal with a shady history at best. Lowenthal has been a part of a lot of companies now dark. The connection between Lowenthal/NMGL and Blom/GNCP is a bit blurry. Part of me wants to say Blom is a stand up guy helping Lowenthal get NMGL on it's feet. And part of me thinks this is all a scam. I am cautious at best hoping for some decent news to make a few bucks. Do I think GNCP is going to make me a millionaire...no I don't. Do I think I could make thousands/ten-thousands off of a decent run...sure. I am holding but I, like most other longs are watching key indicators that would indicate it is time to jump ship. So far other than Lowenthal's shady past, mostly everything can at least be justified. Right or wrong is up to you to decide. I just know I am leaning towards Blom as being a stand up guy that wants to make some profit with this exploration company...that is until he makes me think otherwise.
We shall see. I am not expecting anything earth shattering with this news. I know exactly how the assay results will be worded. Seen it before. The only good news that can come out of the report is that there is more potential in the White Hills mines than everyone was led to believe. If it is just a conversion of the current gold/silver prices then it won't be too significant imo. But at least people will have an actual $ figure to gauge the value of White Hills and the supposed purchase price of 10MIL.
UPCs
Easta Pink 753182212340
Purp 753182212302
Yella 753182212326
lol, merger with Walmart.
Can someone post a shot of the L2 with a few 100 share bidwhacks? My L2 isn't working. I am going to submit a complaint to FINRA. I know it is a joke and will go nowhere but I am at least going to try to get them to look at it.
That would be ideal. Insider buying and news on top. Sounds logical to me. Now if it would only come true.
I wanted to write this yesterday but when I tried to put it into words it didn't make sense. After sleeping on it this is what I think is happening with the old debt. I also think Ted had an idea this was going to happen which is why he negotiated the .0003 pps for the CD holders.
It is in the very best interest of each CD holder for the average December pps to be as low as humanly possible. The lower it is the less money from the old debt is paid off. That has been stated a couple times and I think we all get that. Roughly 690K will get paid off of the 10MIL+ old debt. Now think about that for a minute. If less than 10% of the debt is paid off the CD holders have a few options in the future.
A. They can be paid off in cash. (Not going to happen until there is some revenue or some sort of GREAT news to drive the pps up.) This pays the debt off but has the least potential to make more money for the CD holders.
B. They are issued billions of more shares in the future to cover the rest of the debt. And unless the pps is up we will be in the same boat. Although I have a feeling they would be paid off before this point. I highly doubt Ted wants to be put in this situation again. But if the company is doing really well they would probably want it to go this route. Bigger risk but potentially a much better deal if the pps goes up. They also have to have some kind of inside information on the mines and their worth. People just don't loan money for nothing.
C. I am sure there are other options I am not thinking of.
Now I think Ted negotiated the .0003 price because if it was any higher it would be that much easier to short it. It would also be easier for the CD holders to sell their stock at say .0006 (if that was the agreed upon price) and buy it back lower essentially doubling or tripling their total shares.
The CD holders are not dumb. They know if they flood the stock with all of their shares they essentially dilute the stock driving the pps down. At the same time the greedy CD holders can short the stock potentially making even more money.
Ted isn't dumb either. A lot of the shareholders think we have been played but this is just the first move in a series of moves to eliminate this debt. I will agree there is a big risk here. Ted is essentially putting this debt in the shareholders hands, literally and figuratively. If we drive the pps up enough the debt is wiped out. If somehow the pps can go up to an average of .0032 the 10MIL would be wiped clean. Personally I don't see that happening nor do I see any news worthy enough coming out anytime soon to drive the pps up that high. What I do see is an attempt for Ted to at the very least get rid of $690K of debt possibly getting the CD holders off his back for at least a year. In which time Ted can get the company back on track and eliminate all the debt and start generating profit. At best I see some news coming out that pushes the pps up to an average of .001-.002 eliminating 1/3 to 1/2 the debt.
I think I got everything I wanted to say in there. Hang in there and wait for the new year.
There is still a chance...GREAT news can get this beast moving again. Just saw a stock today go 1.3 billion in volume on news alone.
Half the volume today were the 4 mirror .0003 trades @ 6,250,000 each. What a joke...and right before the market closes to bring it down another tick.
Exactly, we have been here before. We will at least go back up to .002 in the not so distant future. When depends on a lot of different factors but we will get there. Just let these people lose their money in fear and we'll ride this to positives.
Only ERTF on 4's. That .0003 was a 10k bid whack.
His name is all over the internet. Once you start digging some of his resume shows up on various sites.
https://post.harvard.edu/olc/pub/HAA/register/register.cgi?FNC=Detail__Aresults_html___HAA___545760
http://www.terrapinntraining.com/our-faculty/Ted%20Blom
http://www.miningweekly.com/article/african-governments-should-create-mining-friendly-environment-2010-07-26
http://www.miningweekly.com/article/company-annoucementsconverting-high-risk-into-high-reward-strategies-for-success-in-the-junior-mining-sector-2013-10-09
http://www.terrapinn.com/conference/mine-managers-show-africa/speakers-list.stm
Yeah I posted that yesterday.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=94767143
This is interesting. Shows another connection between Blom, Lowenthal, GNCP and North American Gold & Minerals Fund (Symbol : NMGL). The admin email listed for Lowenthal below is for the inactive NMGL site.
Registrant:
Ronald Lowenthal admin@nagoldfund.com +1.7024309592 +1.7024309592
GNCC Capital, Inc.
8115 Alberti Drive
Lake Worth,Florida,US 33467
Domain Name:gncc-capital.com
Record last updated at 2013-03-26 22:47:53
Record created on 4/20/2010
Record expired on 04/20/2014
Maybe we will get a two for one deal and the white hills numbers will be posted on their new website.
5 dec, sorry
That is dated 5 Nov. so "next week" is this week. Which is why some people keep saying results are coming out this week.
There are previous results/studies that have not been analyzed/compiled by a geologist. Those are the numbers that are supposed to be released this week.
Some of the previously failed or dark mining companies associated with GNCP. Looks like Ronald Y. Lowenthal was a BOD of Hunt Gold Corporation (HGLC). http://www.otcmarkets.com/stock/HGLC/company-info.
He was also the CEO and a BOD for ASPA Gold Corp. (RENS). Ted Blom was also on the ASPA BOD. http://www.otcmarkets.com/stock/RENS/company-info.
Ronald Y. Lowenthal is currently the President of North American Gold & Minerals Fund (NMGL). http://www.otcmarkets.com/stock/NMGL/company-info.
Not insinuating anything here, just facts. Not here to speculate, I just hope both Blom and Lowenthal ended up in GNCP together for a reason.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=94400901
Are the RENS/NMGL/GNCP/BHP Billiton mines collocated? Sounds like it could be a multiple JV going on between various mining companies. This could bring the overall cost down creating a better bottom line. The below post shares the same thoughts.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=94381541&txt2find=ted|blom
What happened to RENS? It went dark all the sudden.
From: Corporate Actions - GNCC Capital, Inc. <corporate@gncc-capital.com>
To:
Date: Sun, Dec 8, 2013 at 1:22 AM
Subject: RE: Share Structure
Mr. X,
The numbers posted on our profile page on OTC Markets is up to date and correct.
Best,
Ted Blom
From:
Sent: Saturday, December 7, 2013 2:08 PM
To: corporate@gncc-capital.com
Subject: Share Structure
To whom it may concern,
Please release the complete up-to-date share structure. Specifically I would like to know the current shares outstanding, float, and authorized shares. In addition I would like to know the short volume stats for 5-6 December.
Thanks,
X