GNCC Capital Inc (GNCP)

[moe_the_gyp01]

You know what will still remain? The fact that the supposed deal is to try to borrow 4 million to pay for unpatented mining claims. Last I check, the fact that you have no clear title to unpatented mining claim and only require a pittance to maintain, they are no way worth 4 million in any version of reality you want to park your hopes in.

Read that still-birth of a press release last week and look at the description of the mining claims.

"Unpatented"!!!!!

GENERAL INFORMATION PERTAINING TO ALL OF THE LITHIUM CLAIMS:-

The Seller is the beneficial and registered or recorded owner of an undivided 100% interest in the Properties, free and clear of any and all royalties, liens, defects, charges or encumbrances of any nature or kind whatsoever created; whether written or oral, direct or indirect;

(a) all of the unpatented mining claims included in the Properties have been located in accordance with the mining laws of the State and in accordance with local customs, rules and regulations; and


So they have told the truth about the claims. This is where it's on you to decide whether to invest in this popcorn farm. SEC is not here to hold your hand or explain to you what the implications are of "unpatented" and just what exactly are you getting yourself into. If you decide to go forward, then you own the results.