GNCC Capital Inc (GNCP)

[di4]

I agree with that! They want those conversions at the best possible price. They need to show it trading as low as possible. And the good thing is.... the renegotiation puts retail buyers at a fair stance with the convertors. (which is pretty much unheard of) I do not expect them to let us run this month, but after negotiations are finished, they will let it run. The conversion is not at 50% off the average december price. It is at the average december price. So we are in fair game with them. Now is not the time to sell IMO. It is the time to match their prices.

I'm mad about DECEMBER but glad to have opportunities to set myself up for the future in GNCP.

In the interests of fairness to
all stockholders, the Company’s
Management managed to obtain an
agreement from all of the Compa
ny’s Convertible Loan Note Holde
rs, as follows:
1.
That the Conversion Price shall
not be at $0.0003 per share of
Common Stock, but shall
be calculated on the average price per share traded in the mont
h of December of 2013.
This to be calculated by taking the total Dollar Trading Volume
in that month and
divided by the total number of shares traded in that month. The
Conversion Price would
be set on December 31, 2013 after the market close, that being
the end of the Company’s
First Quarterly Reporting period. This is to be referred to as
“The Adjusted Conversion
Price”