GNCC Capital Inc (GNCP)

[moe_the_gyp01]

It is my firm belief that they are awaiting the outcome of the Ukraine conflict, the SEC probe into short sellers, the FBI raid of said shortsellers, the potential of sanctions to restrict Russia from the SWIFT system which will impact the huge transfer of wealth to GNCP, global climate change, the gold standard becoming the law of the land, China eyeing a full scale invasion of Taiwan, Bank runs across the globe...yada yada yada.

Oh, and one more thing...the recent draw downs on the major averages officially throwing them into bear market territory and the fact that the VIX term structure is pointing to yet more volatility, now would not be a prudent time to consummate any business combination whether it be a buyout or merger, joint venture or capital injection that might include debt instruments and the attendant yield they might bear in the face of Fed tightening and the recent increase in the 10 year treasury that is now nearly 2% after marking some time at a 1.4% handle.

So be patient. These guys do 15 years standing on their heads so no big rush.

Hey Moe!