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Re: None

Thursday, 07/28/2022 7:46:07 PM

Thursday, July 28, 2022 7:46:07 PM

Post# of 210035
Dear Sir,



Thank you for contacting GNCC Capital, Inc. We apologize for the generic response but are dealing with a number of shareholder enquiries and covering all issues raised, in this response.



We will not be commenting until our Q2 Report (to March 31, 2022) and our Q3 Report (to June 30, 2022) have been filed and secondly until we have disseminated a Public update specifically pertaining to a potential restructuring/ re-organization of the Company. These actions should be completed in due course. We remain in ongoing negotiations and are awaiting the outcome of the same.



We can confirm that we are confident (but will not guarantee) that the Q2 and the Q3 Reports will be filed on or before August 15, 2022.



No, the Company is not "going dark" contrary to unfounded speculation. We simply no longer see the need to constantly update shareholders; until it is unnecessary and until we have substantive information to impart. We simply no longer see the need to constantly update shareholders; until it is unnecessary and until we have substantive information to impart.



We refuse to divulge ANY information to any individual shareholders; they will need to wait for further information and until such time as we issue a publicly disseminated update/ Press Release and/or Regulatory Filings.



We are under NO obligations to update shareholders whatsoever unless it is a material event.



For far too long, we have “pandered to shareholder DEMANDS”. That policy has now ended. This follows your Directors’ having obtained professional advice and legal opinions due to their absolute frustrations over crazed and ridiculous nonstop E Mail messages.



We can confirm that critical “third parties” involved in the GNCC business are unhappy with the Company’s stock price performance and due to economic slowdowns and weak equity markets; are reconsidering their involvement with our Company. This may result in a radical restructuring, this we have no doubt; will come as no surprise to any of our shareholders.



WE ARE NOT PERMITTED LEGALLY TO COMMENT ANY FURTHER OUTSIDE OF PUBLIC DISCLOSURES.



Regards,



GNCC CAPITAL, INC.


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