GNCC Capital Inc (GNCP)

[tommyedwards]

GNCP...THE APPROVED GNCC STOCK REPURCHASE PROGRAM: http://www.otcmarkets.com/financialReportViewer?symbol=GNCP&id=212373

THE APPROVED GNCC STOCK REPURCHASE PROGRAM:
To be very clear, we stated as follows: “GNCC has an approved Stock Repurchase Program that
expires on April 19, 2019. The Sellers of BioCann shall have the right to implement, amend
and/or extend this Stock Repurchase Program from the Effective Date.”
This means that should the BioCann Pharma Group and their Nominated Directors to the GNCC
Board wish to finance and implement upon the existing Share Repurchase Program, they are free
to do so. Likewise, they may, at their sole discretion wish to amend, increase and/or extend the
Stock Repurchase Program.
It is not for Current Directors to speculate as to what the incoming Directors elect to implement
in this respect. Obviously it makes sense to repurchase shares in the open market in order to
reduce the size of the “DTC Float”; if and only if; they are of the opinion that free cash flow
expended upon stock repurchases outweighs their need for operating cash requirements or if they
decide that the price per share is at a level that they feel it is economically sound to commence
open market repurchases of stock.