GNCC Capital Inc (GNCP)

[TheFutureForsure]

GNCP - An expenditure is a payment in cash or barter credits, or the incurrence of a liability by an entity, in exchange for goods or services. Evidence of the documentation triggered by an expenditure is a sales receipt or an invoice. Organizations tend to maintain tight controls over expenditures, to keep from incurring losses.

An expenditure is not necessarily the same as an expense, since an expense represents the reduction in value of an asset, whereas an expenditure simply indicates the procurement of an asset. Thus, an expenditure covers a specific point in time, while an expense may be incurred over a much longer period of time. Effectively, there is no difference between the two terms when an expenditure automatically triggers the incurrence of an expense; for example, office supplies are typically charged to expense as soon as they are procured. Conversely, the advance payment of rent is an expenditure, but does not become expense until the period has passed to which the rent payment applies.

So If I had to sum this up GNCP Re-Negotiated The Terms for Certain of It’s Claims and had to go redraft back expenditures which means the original Terms: (conditions with regard to payment, price, charge, rates, wages, etc.) originally agreed upon.

They Successfully Got Much Better Terms;
(conditions with regard to payment, price, charge, rates, wages, etc.) and has to Re-Draft all the Reports back from the original deals.

Therefore All Future Profits of Sales or JV activities regarding these Claims will produce that much More Profit and Revenues for GNCP!

Ok, I Think I Got It!!!!!!!!!

Sounds Like Management Did GREAT!!!!!

GO GNCP $$$$$$$$$$$$