GNCC Capital Inc (GNCP)

[BigBake1]

Its right in their disclosures, they have no money to pay, so they issue shares to incur debt to "pay" for such loans.

Historically, the Company has not generated sufficient cash flow to sustain operations and has had to rely on debt or equity financing to remain in business. Therefore, we cannot offer future expectations that any interests owned by the Company will be commercially developed or that its operations will be sufficient to generate the revenue required. Should we be unable to generate cash flow, the Company may be forced to seek additional debt or equity financing as alternatives to the cessation of operations.