GNCC Capital Inc (GNCP)

[BigBake1]

They are BLM leased claims, they own nothing and that is in black and white in their disclosures on page 104 of the last quarter submitted. There is not to transfer, they are not directly leased by GNCP, which is worse, the lease is done by a 3rd party....lol...

We may lose our rights to our mining claims. 

Under our gold and silver Project Acquisition Agreements there are minimum work expenditure requirements per 
year per project. Also, we are required to pay the United States Bureau of Land Management (BLM) annual claim 
maintenance fees for our claims. If the claim vendors pay the BLM claim maintenance fees on our behalf (and 
they are not required to do so), we are required to reimburse them on demand. If we fail to pay any amounts due 
to the claim vendors within the requisite cure periods, the claim vendors may terminate our rights to our claims