GNCC Capital Inc (GNCP)

[TheFutureForsure]

GNCP - HOT DATA POINTS FROM TODAY’S PRESS RELEASE on CORPORATE ACTIONS!!!!!!!!!!!!!!

And my Humble Comments In {{{ ... }}}

https://www.prnewswire.com/news-releases/gncc-capital-inc-----corporate-actions-demanded-by-majority-of-companys-shareholders-300904983.html

-- This Company is either a "Cannabis" or a "Mining Exploration" Company;
obviously it will now become solely invested in the Cannabis Sector; and

{{{ CANNABIS ONLY GOING FORWARD }}}

-- That no holders of shares of Preferred Stock require worthless "paper
Dividends" on an Annual Basis; and

{{{ NO MORE PREFERRED DIVIDENDS }}}

-- That many holders of Preferred Stock would prefer to surrender a
percentage of their holdings in order to facilitate the acquisition(s) of
valuable, profitable and meaningful Cannabis transactions. Given the
ongoing non-performance of the Company's Common Stock price; coupled with our not closing upon transactions; they are now, not negotiable in their
demands.

{{{ PREFERRED’S PREFER TO SURRENDER A PERCENTAGE OF THEIR HOLDINGS FOR CANNABIS ACQUISITIONS }}}

To that end, in order to meet their demands, the Company is negotiating and in certain cases, ensuring to secure:-

-- A disposal of the Company's Mining Exploration Assets and the resultant
immediate cancellation of all of the Company's secured Series "A" and "C"
Convertible Preferred Stock, totaling $25.5 million; and

{{{ SALE OF MINING ASSETS }}}

{{{ CANCELLATION OF A & C PREFERRED’S TOTALING $25.5M }}}

-- The immediate elimination of all Dividends on all of the various Classes
of Preferred Stock; and

{{{ ELIMINATING ALL DIVIDENDS OF PREFERRED STOCK ON ALL CLASSES }}}

-- The elimination of all Long Term Liabilities totaling some $6.3 million
at Q3; and

{{{ GOOD-BYE ALL REMAINING LONG TERM LIABILITIES $6.3M }}}

-- No further issuances of shares of any classes of Preferred Stock; and

{{{ NO ISSUANCE OF ANY PREFERRED’S }}}

-- An immediate reconstitution of the Board of Directors with the Executive
Directors only being those with significant experience and expertise in
the Cannabis Industry; and

{{{ CANNABIS EXPERTS ONLY FOR BOARD OF DIRECTORS }}}

-- That the Company's acquisition of BioCann Pharma S.A.S. be clarified
satisfactorily and that the BioCann Executives engage with Company
Shareholders; and

{{{ BIOCANN DETAILS AND COMMUNICATION COMING }}}

-- That all pending Cannabis Industry Sector related transactions be either
consummated or abandoned by this weekend.

{{{ CLOSE ALL CANNABIS DEALS BY THIS WEEKEND }}}

One pending transaction has the support from these Preferred Shareholders; however, this transaction,
being very material; will require that the majority will then vote
accordingly to ratify this transaction; and

{{{ SOUNDS LIKE THE SOUTH AFRICAN CULTIVATOR AND EXPORTER NEGOTIATIONS }}}

-- That we will ratify and enact all other requests made by the majority of
Shareholders.

{{{ DO IT ALL NOW }}}

The Board of Directors has until the close of business Friday August 23, 2019 in order to comply with these requests

{{{ COUNTDOWN TO FRIDAY 8-23-19 }}}

GNCP IS GOLDEN CBD $$$$$$$$$$$$$