GNCC Capital Inc (GNCP)

[moe_the_gyp01]

Do you really think that what they have to announce is going to even be possible given that not one financial disclosure shows that any of these dead tickers this group has created over the years has ever generated any cash, including GNCP?

You think someone is going to just hand them a cash flow generating business? Any deal they announce will be done with toxic preferred stock the way they have always done. Oh, and don't forget any get out of jail free card (Forward Looking Statements) that will no doubt follow any announcement that disclaims any guarantee. More fluff, no meat.

If they suddenly come out and state that they had this war chest full of cash that they failed to disclose, well then they are in a tough spot because their disclosures mention none of that. I'd say they are the one who has to worry about false statements in that case, not me.

You really need to set you expectations as low as they can go. It will be a fluff piece, nothing more. Clearly engineered in the hopes of dumping more preferred stock.