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Re: SevenTenEleven post# 72163

Sunday, 07/06/2014 3:01:21 PM

Sunday, July 06, 2014 3:01:21 PM

Post# of 223426
I disagree. I don't see this realistic at all. There's absolutely no legal or credible proof of NSS, but there is pure evidence of dilution. The AS and OS are equal to each other, there's no shares unaccounted for, ergo no NSS. Not one filed document to any authority of NSS and I doubt there ever will be, because it exposes the company.

Any equity JV would still require GNCP to put up a risk bond and those are not cheap. The process for obtaining a bond as such is not only expensive, but!!! The application process is more extensive than obtaining commercial credit from a bank. Commercial bonding companies want verified assets in place also. With what we (allegedly) have and the methods used to obtain this equity value, I will tell you from direct experience in Major Capital Projects around the world, ain't gonna cut it. I've worked with World Bank, EBRD, Japanese Top 5, The Freeman Group from Alpha Bank in Russia, Axiom Capital Group (before they went bankrupt), China Central Bank, and many others.

To be honest and IMHO, what your suggesting is really not going to happen. I can also honestly say, that this company's profile couldn't even qualify for an SBA Loan of $50k lol.

This company is so leveraged with debt, i doubt a legitimate firm would consider funding a project of any magnitude and certainly not give cash to these guys as you suggest.

The only route for GNCP would be private, high risk lenders, but even that would be limited because of the current share structure and with no bids....who's going to invest?

Then there's the insurance. Every investment firm will require independent insurance. Again the cost of this is enormous. They don't take shares lol.

I've been in the business long enough to know that what your suggesting will not happen.

As for investing in the sisters? No way. They won't be resuscitated.

Glwt