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Thursday, May 19, 2022 9:18:35 AM
The Directors of GNCC, PFI, Premier and of USAL are Mr. Ronald Yadin Lowenthal and Mr.nicolaas Edward (“Ted”) Blom. The representatives of the Controlling Shareholders of Premier have unanimously resolved that in the event of any such default; that PFI immediately exercise its rights under this breach of the Loan Covenants. They have directed the Directors of Premier to immediately enact and enforce PFI’s legal rights and obligations; given that these aforesaid two
Directors have an obligation to enforce contractual Agreements and to protect the interests of the shareholders of both Premier and those of GNCC.
It is noted that Premier remains the largest single shareholder of GNCC.
This “Notice of Potential Default” will only be any force or effect if GNCC fails returns to a “Bid” in the OTC Markets by no later than close of trading on Friday
SO GNCP !!!! YOU THINK MAYBE ITS TIME FOR THAT EARTH SHATTERING NEWS !!!!!!!!!!!!!!!!!!
May 20, 2022.
DATED: MAY 18, 2022
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