NationsMark Nextgen (fka NMNX)

[Texan77]

The Company acquired a loan advanced to North American Gold & Minerals Fund (“NMGL”) in the amount of $265,000. NMGL is a Mining Exploration Company quoted on the OTC Markets under the Symbol: NMGL. Ronald Lowenthal, the Chairman of this Company is the sole Officer of NMGL.

The Company acquired a loan advanced to ASPA Gold Corp. (“ASPA”) in the amount of $103,700. ASPA is a Mining Exploration Company quoted on the OTC Markets under the Symbol: RENS. Ronald Lowenthal and Ted Blom, the Directors of this Company are both Directors of ASPA.

North American Gold & Minerals Fund owns 71.38% of the outstanding shares of ASPA Gold Corp. Common Stock.

The Company has undertaken to advance the necessary funding, expertise and advisors to both NMGL and ASPA in order for them to become “Current Information” Issuers with the OTC Markets Group. No firm date has been set for these events.

The Company may in the future, enter into a working relationship with North American Gold & Minerals Fund.

The Company has undertaken to advance the necessary funding, expertise and advisors to both North American Gold & Minerals Fund and to ASPA Gold Corp. in order for them to become “Current Information” Issuers with the OTC Markets Group. No firm date has been set for these events.

Management determines the appropriate classification of its investments in equity securities at the time of purchase and reevaluates such determinations at each reporting date. Investments in incorporated entities in which the Company’s ownership is greater than 20% and less than 50%, or which the Company does not control through majority ownership or means other than voting rights, are accounted for by the equity method and are included in long-term assets. The Company accounts for its marketable security investments as available for sale securities in accordance with ASC guidance on accounting for certain investments in debt and equity securities. The Company periodically evaluates whether declines in fair values of its investments below the Company’s carrying value are other-than-temporary in accordance with ASC guidance.

The Company’s policy is to generally treat a decline in the investment’s quoted market value that has lasted continuously for more than six months as an other-than-temporary decline in value. The Company also monitors its investments for events or changes in circumstances that have occurred that may have a significant adverse effect on the fair value of the investment and evaluates qualitative and quantitative factors regarding the severity and duration of the unrealized loss and the Company’s ability to hold the investment until a forecasted recovery occurs to determine if the decline in value of an investment is other-than-temporary. Declines in fair value below the Company’s carrying value deemed to be other-than-temporary are charged to earnings.


http://www.gncc-capital.com/Investments.html