GNCC Capital Inc (GNCP)

[Tgarfield2]

You might want to note, the mineral rights were given a value of $17 million with another $12 million to the plant property and equipment and more to some other items. There were expenses and debt that brought the total to $19.7 million. Without the plant, property and equipment the deal would have been valued at zero.

Cash                                           $13,846  
 Restricted cash                              $869,938  
 Marketable securities                          $4,857  
 Accounts receivable                           $10,969  
 Inventory                                    $157,891  
 Prepaid expenses                             $188,297  
 Reclamation deposit                           $21,511  
 Property, plant and equipment             $12,156,983  
 Mineral property                          $17,005,544  
 Accounts payable and accrued liabilities  $(6,696,437)  
 Asset retirement obligation               $(1,721,427)  
 Loans payable                             $(2,240,700)  
 Net assets acquired                       $19,771,272

This is your typical example of the difference between uniformed 'facts' from message boards, and facts based on reality. Reality is what actually happens, hence the name.