GNCC Capital Inc (GNCP)

[Tgarfield2]

So many contacted the company that they wrote a release about. However if you want the information about a stock trying to promote it self, the information is always only in the financials filings where the clear story is presented in full.

For instance, maybe you read the release and thought that they company said that no one is converting. Not what they said or what is going on.

What they said was

no shareholder of Convertible Preferred Stock has expressed any desire to convert many of these into shares of our Common Stock.

How can they say this??
1)They didn't used to convert preferred stock because the converted notes instead.
2)They didn't convert for awhile because the company was dormant with basically no bid
3}At this point there is over 65 million preferred (1 trillion common) shares. Converting to 10-50 billion common is NOT MANY.

The company had already filed for 3.5 billion common shares and also filed another conversion for 11.2 billion common shares so that wasn't mentioned since it was already filed and not all has been added to the float yet.