GNCC Capital Inc (GNCP)

[thegoodnessparadox]

So, you tell me, are they trading derivatives or not?
I read that Morningstar valued GNCP at $2.16 around September 2024, but it came with a big caveat: “extreme uncertainty”. That phrase alone suggests it wasn’t a formal valuation, but more likely a speculative or placeholder figure—possibly extrapolated from theoretical asset value or future potential probably based on GNCC Capital’s past filings, namely, that Bassa Aspinall was involved as a trustee of a foreign trust that controlled a $2.25 million loan to GNCC’s subsidiary, Premier Futures Inc., for derivatives trading.