GNCC Capital Inc (GNCP)

[bigballer_sa4]

Just so everyone is clear. The preferreds are pretty much a non-event. Even prior to the recent capitalization the convertible preferreds had existed and was known information. So this is not new. The company stated the preferred holders are aware of what would happen if they converted and history has shown that they have not converted. If they hadn't converted prior why all of a sudden would they convert now. There are many preferreds out there that are eligible to be converted so once again there is nothing stopping them from doing it.

Investors should pay attention to the security details provided by the transfer agent if they want a clear picture of shares hitting the market. It gets updated at least once a month. This paints a clearer picture of reality.

https://www.otcmarkets.com/stock/GNCP/security

Everyone should be aware just like any company you should do a full conversion analysis but has anyone really seen a situation where all the convertible instruments got converted at once?