GNCC Capital Inc (GNCP)

[winstoncooper]

Let me try to simplify yesterdays update...and please correct me if I'm not understanding it correctly.
1. Company could not get financing under acceptable terms.
2. NMGL is now a Holding Company
3. Company is transferring each property it has rights to into separate companies that they have or will create. (This is what a lot of real estate investors do. If they own multiple apartment houses, they create a company/entity for each separate property they own)
4. Company acquired two other companies with positive cash flow that are not in the mining industry. This positive cash flow will provide the cash that they were trying to obtain through financing. We are supposed to get more info on this shortly.
Like I said....some of this may be wrong. If so, please correct me.