Premier Development and Investment Inc (PDIV)

[Tgarfield2]

No buy out. The preferreds/affiliates/insiders just moved control to PDIV with a preferred swap, essentially a reverse merger.

The GNCP shell is too diluted, and the company has stated that multiple times. Too diluted to raise money, too diluted to waste time issuing dividends and too diluted to sell any more conversion.

PDIV is already for conversion being a near empty shell, few common shares and already packing in too many preferreds with dividends. It might take another year until the restricted shares are already to sell. Also might need some more untraceable preferred holders to keep percentages under 10%.

On another note, funny how not a single GNCP shareholder cared when random holders of preferred C shares went poof with the amendment on June 25th. Sometimes it seems none of them can understand the implications it made for them. Some instead concentrate on little trades, looking for imaginary shorts.

https://backend.otcmarkets.com/otcapi/company/financial-report/235472/content