Monday, May 23, 2022 8:36:41 PM
the best interests of all shareholders; it was considered prudent to afford the Company’s Directors
sufficient time to implement a restructuring which is being debated at this time and is unlikely to
be implemented for another 30 (Thirty) days. The Company Directors will need to secure support
from a number of interested parties which is time consuming.
Premier as the single largest stockholder of GNCC has the same interests as all of the GNCC
shareholders and wishes to see a positive outcome from this restructuring.
DATED: MAY 21, 2022
Response --- No, GNCC is not going out of business nor is it effecting any Reverse Split of its Common Stock. Further than that; we are not commenting further.
Regards,
GNCC CAPITAL, Inc.
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