GNCC Capital Inc (GNCP)

[unbiased investor]

Well, we can agree that the month of December, we are done. It will be slow moving. Most people will hold because selling at these levels doesn't make much sense. This slow moving will be watched very closely IMO by all holding here and it will feel like two years when we only have to watch this for 12 more trading days in December. It won't be easy to watch but I believe that anyone who makes it through, will eventually made whole again. This is my stance here. As for the RS, makes little sense to do it now even if it were a lie. Only 30% AS at this point so you shouldn't make it seem like it is right around the corner. Also keep in mind that their conversion rate is at the average of the last five trading days so it is not truly toxic debt based on huge discounts. They wouldn't want to convert any more anytime soon at these levels as it would be like us buying down here while these sellers are around except we are the pissed off ones selling while they are the ones wanting it or go up so you can disregard that as well. We'll just have to see how it plays out.