GNCC Capital Inc (GNCP)

[georgie18]

GNCP...0001...News...https://www.otcmarkets.com/stock/GNCP/news/GNCC-Capital-Inc-Acquires-BioCann-Pharma-SAS?id=219015...NO REVERSE SPLIT OF GNCC’S SHARES OF COMMON STOCK
It is irrevocably agreed by all the Sellers of BioCann, shareholders representing 51% of the
existing shares of GNCC Common Stock and the GNCC Directors that no Reverse Split of
GNCC stock shall be contemplated by nor approved by any GNCC Director whatsoever and for
a period of not less than 18 (eighteen) months from the Effective Date of this Agreement. This is
effectively “cast in stone” as the Current Directors and those voting in favor of this transaction
would have not approved this acquisition in the absence of this provision. Given the shares of
restricted Common Stock being issued to the Sellers of BioCann, any Reverse Split of the
Common Stock would be contrary to their personal financial interests...