Replies to post #62401 on GNCC Capital Inc (GNCP)

[SevenTenEleven]

GNCP - You do understand that a planned dividend can still be distributed to shareholders of record for a revoked stock.

And each and share held, be it backed by a cert, held against shares at the DTC, shorted and borrowed against, or shorted and never located, has to be distributed, for the planned dividend, equally.

You do understand that if there is a short position in a stock and it is revoked that means it NEVER has to be covered.

Ever.

Shareholders are well aware that the shorts do not have to cover. They are also aware that they cannot cover unless shareholders allow their brokers to influence them to close out their positions for a complete loss.

Not to worry, the dividend may be distributed, as outlined, regardless of whether or not the company is revoked.

Thanks again for all of the DD!

Good Luck!

[Militia Man]

Never? Really? Ever? What if they get current and go through all the legalese? That is interesting. I may want to speak with all the share holders in FFGO and see if we would like to get her current. Since that short position so FN large it would be worth it.. $258 million plus damages at say $8.65 a share.. Thanks for the Idea..:-)

You do understand that if there is a short position in a stock and it is revoked that means it NEVER has to be covered.

Ever.