Questions about FFGO, NMGL, HGLC, GNCP
Von:
XXXXXXX
An:
investor@gncc-capital.com
Datum:
15.06.2021 20:53:46
Dear Mr.Lowenthal,
because I don´t know, about which points you will inform the shareholders, I write this e-mail.
I think the only person, who is able to answer the questions of a lot of people, are you Mr. Lowenthal.
FFGO:
1.) Mr.L. was a major shareholder of FFGO with 23.5% of the o/s of FFGO (FORM 8-K, 06/28/2010). i.e. 23,5% of the liquid.div. belong to you.
2.) Mr.L. has acquired as a major shareholder the total remaining long-term debt of FFGO (FORM 8-K, 07/28/2010). i.e. no more "external"debt
3.) Mr.L. has signed as CEO and President of NMGL the receipt about the pref.A+B shares of NMGL (FORM D, 09/12/2010).
these shares were the purchase price for the stocks of gold of FFGO (Bouse, S.Copperstone), because NMGL has not paid with cash.
these shares belong to the shareholders of FFGO, 23.5% of these pref.shares belong to you, Mr.Lowenthal, because of 1.)
the mentioned FORM-D document is the last "sign of life " of our dividend shares.
what happened to the pref.A+B shares, when will we get the promised dividend (0,003449 ct/sh FFGO) as a liquidation dividend?
GNCP:
1.) there have been three 100% susidiaries in GNCP. now GNCP holds (only) interests in "White Hills", "Yarber Wash", " McCracken" and "Pearl Spring".
what happened?
2.) Tonopah Silver project has disappeared, what happened?
3.) a new project in GNCP: "Mockingbird" with about 1.700 acres. the "flagship" property of HGLC was/is Mockingbird with about 2.500 acres (and more,
because Mr. Saner has added further claims in 2009). is there a connection between these "Mockingbirds" ? i am very astonished.
4.) "work commitments": for about ten years shareholders have paid a lot of money, paid by several sorts of preferred stocks. no exploration, no drilling in all these years?? shareholders have paid for Tonopah and its ancestorprojects...if Tonopah goes, the preferred shares remain as a burden of the shareholders???
5.) what value have shareholders gotten when silver claims were exchanged for gold claims in 2015? GNCP had purchased the projects for 45 mil US-$.
imo for such an exchange you need good estimates of the values!!!
HGLC:
you have been/ are registered as a Director of HGLC. what has happened to all these exploration properties in HGLC, cf.otcmarkets. what happened especially to "Mockingbird" . there is an assessment of Prof. Colliston: about 400 mil US-$ with a price of gold of 400 $/oz. more: detachment fault type (like Bouse).
maybe value about 2 bil US-$ or more today. surely you will remember: Mr.Saner and management have informed about an offer in the summer 2008 to buy HGLC for about 2,5 ct...3 ct.. per share. what about the restructuring announced in 2009 to enhance shareholder value?
there are further questions about write downs of shares and debt....
yours sincerely
XXXXXXXX
........................................................................
RE: assets of FFGO, HGLC, GNCP, NMGL, continuation - questions to Mr. Lowenthal
Von:
"Investor Relations - GNCC Capital, Inc." <investor@gncc-capital.com>
An:
"'Ulrich Kraaz'" <u_kraaz@gmx.de>
Datum:
06.07.2021 01:54:43
Dear Sir,
You “expect an answer within a week”. I see?
So now, I answer to you?
Cheers,
Ron Lowenthal
...................................................................
From:XXXXXX
Sent: Monday, July 5, 2021 4:39 PM
To: investor@gncc-capital.com
Subject: assets of FFGO, HGLC, GNCP, NMGL, continuation - questions to Mr. Lowenthal
Dear Mr. Lowenthal,
in your e-mail from 06/27/2021 answering my letter from 06/27/2021 you write:"...not familiar with this previous e-mail".
for this reason you get for the second time my previous e-mail from 06/15/2021 as an appendix.
at first let me correct a mistake in this previous letter: the liquidation dividend is 0,003449 US-$/share FFGO and not
0,003449 US-ct/share.
and now there follow further questions about activities of firms you have been a member of the management:
complex FFGO/HGLC:
you have been a major shareholder of FFGO and a Director of HGLC.
FFGO held about 50% of HGLC in 2008, valued at about 500 mil US-$. in 2010 - no sale of the shares by FFGO -
FFGO declared "HGLC hopelessly bankrupt". how is that possible?
in 2010 FFGO has paid more than 45.000 US-$ to creditors of HGLC. for a "hopelessly bankrupt" firm?? why that?
where are all these properties of HGLC you find in otcmarkets/ HGLC/Description?
where ist he promised dividend from the sale of American Molygold for 620 mil US-$ by HGLC??
what about the sale price for "Lookout Silver" : about 60 mil US-$??
complex GNCP/NMGL/ASPA GOLD:
you have been the leading person in these three corporations.
there have been loans and share purchases (NMGL; ASPA) by GNCP in the total amount of 429.950 US-$. these
values you have written down to zero. how is that possible? you had to lead both the firms. you knew NMGL and ASPA.
on which assets of NMGL was the loan to NMGL secured???
what happened to the assets of ASPA? there was gold in the tailings - easy extractable, about 50 mil US-$ value with
lower prices of gold. you write "irrecoverable" and write-down the shares to zero. how is it possible? you as an expert
for financing, Mr. Blom as an expert for mining.
GNCP PR from 04/28/21:
you write: (only) TWO MONTHS are necessary
- to expand the claim blocks,
- to do further exploration work (you say really "FURTHER..."),
- to re-negotiate the terms "under which we operate these properties...",
that would create a substantial growth in the value of the assets, a far higher sale price and larger dividends.
questions:
GNCP has paid a lot of money - all these pref. stocks - over ten years for so called "work commitments"and now within two months these possible improvements...??
that´s really remarkable.
what has been done with all this money over this very long period? imo nobody has known from the beginning
that the project would consume so much time. only the shareholders have paid the expenses.
my proposal:
these three points (see above) should be executed without new payment - shareholders have paid for all these things
over the last ten years.
regrettably you have never answered my questions in the e-mail from 10/18/2019, although you had the idea for a Q&A.
my questions have dealt with nearly the same problems.
in the answer to another e-mail you have written "material", i.e. no answer.
I expect your answer within the next week.
yours sincerely
XXXXXXXX
..............................................................
RE: assets of FFGO, HGLC, GNCP, NMGL, continuation - questions to Mr. Lowenthal
Von:
"Investor Relations - GNCC Capital, Inc." <investor@gncc-capital.com>
An:
XXXXXXX
Datum:
06.07.2021 02:17:05
Dear “Lambshift”,
Kindly be VERY aware that one very powerful shareholder with a rather particular interest is watching very carefully and is using private speciailisit investigators.
So please do not try and play games. You are wasting my time by asking me to rummage through a decade plus old records. This, I will not do.
We were dreadfully bored and tired of the ridiculous hype, falsehoods and unadulterated garbage posted on the Internet; that I personally requested his assistance. He was more than happy to provide us with same.It appears that you posters have angered him. I wish you the best of luck, given my experience with him; it will not end well.
You are playing silly games and playing it out on the Internet. I have a zero tolerance for this type of behavior. If you want to see proof of just deadly serious that we are; just focus on the “here and now”.
P.S. If you have ANY question that pertains to GNCC Capital, Inc.; please ask. The rest is historical nonsense of which is zero relevance to myself; and to anybody else. I do not even recognize some the names (or transactions) that you are referring to. And nothing to which you are asking pertains to GNCC Capital, Inc.????
Ron Lowenthal
..............................................................
From: XXXXXXX
Sent: Monday, July 5, 2021 4:39 PM
To: investor@gncc-capital.com
Subject: assets of FFGO, HGLC, GNCP, NMGL, continuation - questions to Mr. Lowenthal
Dear Mr. Lowenthal,
in your e-mail from 06/27/2021 answering my letter from 06/27/2021 you write:"...not familiar with this previous e-mail".
for this reason you get for the second time my previous e-mail from 06/15/2021 as an appendix.
at first let me correct a mistake in this previous letter: the liquidation dividend is 0,003449 US-$/share FFGO and not
0,003449 US-ct/share.
and now there follow further questions about activities of firms you have been a member of the management:
complex FFGO/HGLC:
you have been a major shareholder of FFGO and a Director of HGLC.
FFGO held about 50% of HGLC in 2008, valued at about 500 mil US-$. in 2010 - no sale of the shares by FFGO -
FFGO declared "HGLC hopelessly bankrupt". how is that possible?
in 2010 FFGO has paid more than 45.000 US-$ to creditors of HGLC. for a "hopelessly bankrupt" firm?? why that?
where are all these properties of HGLC you find in otcmarkets/ HGLC/Description?
where ist he promised dividend from the sale of American Molygold for 620 mil US-$ by HGLC??
what about the sale price for "Lookout Silver" : about 60 mil US-$??
complex GNCP/NMGL/ASPA GOLD:
you have been the leading person in these three corporations.
there have been loans and share purchases (NMGL; ASPA) by GNCP in the total amount of 429.950 US-$. these
values you have written down to zero. how is that possible? you had to lead both the firms. you knew NMGL and ASPA.
on which assets of NMGL was the loan to NMGL secured???
what happened to the assets of ASPA? there was gold in the tailings - easy extractable, about 50 mil US-$ value with
lower prices of gold. you write "irrecoverable" and write-down the shares to zero. how is it possible? you as an expert
for financing, Mr. Blom as an expert for mining.
GNCP PR from 04/28/21:
you write: (only) TWO MONTHS are necessary
- to expand the claim blocks,
- to do further exploration work (you say really "FURTHER..."),
- to re-negotiate the terms "under which we operate these properties...",
that would create a substantial growth in the value of the assets, a far higher sale price and larger dividends.
questions:
GNCP has paid a lot of money - all these pref. stocks - over ten years for so called "work commitments"and now within two months these possible improvements...??
that´s really remarkable.
what has been done with all this money over this very long period? imo nobody has known from the beginning
that the project would consume so much time. only the shareholders have paid the expenses.
my proposal:
these three points (see above) should be executed without new payment - shareholders have paid for all these things
over the last ten years.
regrettably you have never answered my questions in the e-mail from 10/18/2019, although you had the idea for a Q&A.
my questions have dealt with nearly the same problems.
in the answer to another e-mail you have written "material", i.e. no answer.
I expect your answer within the next week.
yours sincerely
u.kraaz
