GNCC Capital Inc (GNCP)

[Sleepy2016]

it is intended that the Company will commence with its authorized stock repurchase program. All shares of Common Stock repurchased in the market by the Company will be cancelled upon their repurchase by the Company.

Yes, "intended", of course. And the "authorized stock repurchase program" that they amended the day before canceling any buyback on the market. They just confirmed it in a very Lumb-speak confusing sorta way. He's done this same thing several times.