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Did GNCP get pink?
Hey guys, hope everyone is well. I haven't looked at this stock in a while. Did it ever get pink status? What are the catalysts that may make it grow in value?
Need some help... is this twitter post true?
"They failed every attempt to recover an oil sample, and they failed to perform any flow test on the well. If you think that means the operation was a success then your cup is half full.
We might get some more data, but that's not the same as hitting moveable oil, is it?"
Thank you all in advance!
How many common shares are outstanding? 12B? I couldn't find the number.
The 10M in futures trading? Looks like they made a $6K profit and got out.
They are continuing to short to protect their other investments. AND they outnumber the buyers right now, sooooooooo...
thank you!
I cant find the financials online. Can someone post a link?
Can news (filings) come out on Sunday? I mean is it possible?
They would have to show business revenues or a dividend coupled with a huge short squeeze for that type of play.
I love where you're going, but a lot of things would have to go right IMO.
what are you expecting? Do you have a range you're thinking?
In doing some digging, it was some dilution by the owners that stumped the price appreciation.
This stock looks REALLY undervalued! Why did it not pop more when they got their financials in and got Pink Limited status? That should have got them way higher than .0026, right?
thx!
thx
whats the float here? I cant find it.
I almost gave up on us yesterday morning. EEENF was guarantying 1000% returns on monday morning. (but so was GNCP so many times as well) ... so I stayed the course. Hopefully everything will be fine.
whooo hoooo!!!!
A recap of the latest situation...
So that last message a couple days ago had some good nuggets for those who have eternal positivity and time.
But what about the understated message in the last twitter message?
...We will decide when to release the filings? Stop bothering us?
Lets delve into some possible reasons for that undertone:
1) They really are being annoyed by the crazy shareholders while they are trying to enjoy their time off for their holiday.
2) The reason for the external consultant did not come up with the outcome they had hoped. This consultant most likely is being used to check work and give assurance to some sort of subjective "mark to market" value for a claim or investment.
2a. If #2 is the reason, they may be regrouping on timing and
figuring out how to pitch the news.
... The only way they will be giving a dividend is through the futures they bought in 2019. If they made a gain on that, they could distribute it, but the owners have been very selfish in the past so I'm hoping I'm wrong here.
Thank you for explaining that. I'm enjoying the ride, no matter how long it takes.
Ok, regarding dividends:
You are stating dividends are based upon your old FFGO shares so it would not be applicable to new shareholders.
Thus, I don't see how they would make naked shorts accountable because they would not have to pay a dividend as a new share borrower.
Thoughts?
Let me state a fact no one has considered here:
1) Ron has actually posted on this forum. He reads these messages.
2) There were messages about a lithium buyout March 21st... All of a sudden the next day the GNCC twitter dispels the rumor
3) Messages about what the free float numbers are talked about ad nauseum in the middle of the month. The 25th, GNCC twitter dispels the rumor to give exact data.
....So with all the talk about dividends on here... for SOOOOO long. Why have we not seen a twitter message to dispel that rumor?
Most likely answer is that it is FACT.
Disclaimer: I am a shareholder, but if there is bad news or good news about the company, I will be the first one to spread it to alleviate information asymmetry.
Would new shareholders get the divvy?
what does 911 mean in MM speak?
So here's what I'm reading from that:
1) The external consultant is done reviewing. They wouldn't say "we will decide that timing today" if there was anything holding it up.
2) They mention actual transactions. Does that mean debt being paid off by the controlling shareholder? Does that mean they are buying a company to get some good revenues in here?
I think both points are positive.
It may not be a fact, but it is published:
https://www.wkrb13.com/2021/03/27/short-interest-in-gncc-capital-inc-otcmktsgncp-decreases-by-99-7.html
GNCC Capital, Inc. (OTCMKTS:GNCP) was the target of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 18,200 shares, a drop of 99.7% from the February 28th total of 5,608,900 shares.
I think hes saying they are still uploading the financials in a day or two. Am I reading that wrong?
1) You said the filings were coming a week or so ago, so I'm considering the source.
2) They are not putting out the filings in the middle of the day, so if anything Green Moon tomorrow.
whats your preferred one?
The deal is that GNCP mgmt expects the filings to hit at any time. If they put out that there is no lithium and the filings at the same time, it may convolute the market reaction. They would prefer to have the no lithium reaction to happen today.
Ok, reading all the mess about they Acquisition, here's what we know:
Its a Lithium deal.
GNCP has rights to a Lithium mining area. And we're thinking a Lithium company is going to buy us out.
That's what is going around. There are no other details on the web about this besides those facts.
what do you mean by disruptive?
Good call. The shorting went up significantly on Friday compared to Thursday. In my inexperienced opinion, we will see two covering waves: One will happen when the filings break and the 2nd one will be the day after between 830-930am.
Thats what I was thinking as well, but short selling slowed down the last two days in GNCP.
Actually my bad. I misread his message... its going to be this weekend.
Just received an update a few minutes ago.
@gncccapital will file their Quarterly and Annual Reports this weekend.
If this is the case, the company will be upgraded to Pink Limited sometime next week.
Per their press release, the reports will be sent to their attorney.
12:40 PM · Mar
Another White Rhino email said that yes the filings would be today. Just FYI.
You're a little slow to the party. Look at my last message.
I did some more reading. The publicly traded one formed in NV 2007 and GNCP's sub was formed in WY in 2014. GNCP showed zero assets for Walker Lane as of 2014 which would show that it is not the same entity.