Thursday, August 14, 2014 3:18:19 PM
First and foremost the Florida Statute provided by a shareholder:
This is crucial because it establishes the actual business that was acquired, unlike the Fluff PRs that made it out to be some type of Casino business, this is actually an amusement only business. As Florida Statute recently changed and outlawed casino style games and only allowing games that are COIN operated and only pay out coupons or accumulate points. There are to be no cash awards and game cards issued to customers.
GNCP filed disclosures naming the exact companies purchased in their acquisition of Gold Coast Gaming Corp/Group:
This is on Page 4 of the disclosure:
http://www.otcmarkets.com/financialReportViewer?symbol=GNCP&id=124699
These are all owned by Mitchell M Fisher
http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResults/OfficerRegisteredAgentName/Fisher%20%20%20%20%20%20%20%20%20%20%20%20%20%20Mitchell/Page1
Well what wasn’t known is the following, the so called “cash flow” businesses are actually being investigated for illegal activity and were caught recently in a News Team sting operation:
http://www.nbcmiami.com/investigations/Owners-Say-Cash-Changing-Hands-Amid-Casino-Style-Games-Is-Not-Illegal-270249371.html
Best parts are, the owner Mr. Mitchell stating that they are barely keeping their head above water concerning operations, legal counsel clearly stating they are operating illegally and of course the video evidence clearly showing they are giving out gaming cards and paying cash.
THE REAL DTCC DISCUSSION
http://investorshub.advfn.com/boards/board.aspx?board_id=23867
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