GNCC Capital Inc (GNCP)

[moe_the_gyp01]

How is PDIV even current since they have filed nothing since the 9/30/2021 quarterly? Now they say they are not going to report or disclose the 1.375 million? Sounds to me like the only proof that this money even exists will be their only mention of it in that dud of a press release. I have a feeling they lost any money they ever had dabbling in futures trading assuming that wasn't a complete made up lie. Without audited financial statements, no one will ever know anything for sure with this worthless turd.

I found this interesting in PDIV's 9/30 filing...Unrealized loss????

Futures trading is mark to market cash settled EOD. You cannot have an unrealized loss.

Once a futures contract’s final daily settlement price is established the back-office functions of trade reporting, daily profit/loss, and, if required, margin adjustment is made. In the futures markets, losers pay winners every day. This means no account losses are carried forward but must be cleared up every day. The dollar difference from the previous day’s settlement price to today’s settlement price determines the profit or loss.

Mark-to-market enforces the daily discipline of exchanges profit and loss between open futures positions eliminating any loss or profit carry forwards that might endanger the clearinghouse. Having one final daily settlement for all means every open position is treated equally. By publishing these daily settlement values the exchange provides a great service to commercial and speculative users of the futures markets and the underlying markets they derive their price from.