GNCC Capital Inc (GNCP)

[againstallodds]

NEWS: GNCP A/S MIGHT REACH 173 BILLION SHARES

PDIV filing october 31st:

Check page 4/5 https://backend.otcmarkets.com/otcapi/company/financial-report/233174/content

REVISED THEORETICAL TOTAL NUMBER OF OUTSTANDING GNCC
COMMON STOCK 172,254,600,766
This would theoretically increase the Premier holding of outstanding GNCC restricted Voting Common Stock to 151,347,680,000; representing Voting Control and ownership of 87.87%* of GNCC enlarged outstanding shares of Common Stock. This accounts for the 15,000,000,000 shares of GNCC voting restricted Common Stock already held by Premier.
*This assumes a preceding 5 (five) day price of $0.0001 per share of GNCC Common Stock.
120,955,660,000
35,906,920,766 172,254,600,766
35,906,920,766
15,392,020,000

This would force the GNCC Board of Directors to raise their number of Authorized Common Stock from that of 40 billion to an amount of no less than that of 173 billion.

This is simply a theoretical scenario as Premier has not yet elected to convert all or any of their shares of Non-Voting GNCC Series “A” and “B” Convertible Preferred Stock into voting restricted shares of GNCC Common Stock.
Premier as at today; has not served any notice of intention to the GNCC Board of Directors to convert any of these shares of Non-Voting Series “A” and “B” Convertible Preferred Stock into shares of GNCC Voting restricted Common Stock.