Replies to post #73142 on GNCC Capital Inc (GNCP)

[GuTA]

I knew better, but had made about 5k trading this pos earlier in the year so I pressed on. So I'm still up, but this is dead money and I have plays that are moving so best to cut losses and not get stuck with 60m shares that are tough to move even at T1.

Good luck. This is sadly the oldest scam in the book and by some of its most frequent players. I knew as much, but just got greedy and went to the well one time to often.

[ctrumabll]

First time for everything & I intend on holding till November if nothing still I'll take this lost as a learning lesson.

Here are the lessons to be learned from GNCP:

1. If you see the names Stephen Lumb, Ted Blom, and/or Ronald Lowenthal, RUN! Also, any variation of "Searchlight ______, LLC."

2. If the so-called "mining claims" have been around areas explored 120 years ago, have not been worked for 90 years, and the rights have been passed around like a sorority girl with major self-esteem issues, you do not have a gold claim. You have a rock pile.

3. If they are not producing gold, the price of gold does not matter.

4. Anytime the words "convertible bond," or "convertible preferred" are seen in a filing, run. You will get diluted to death.

5. The cabal of naked short sellers is not going to get toasted and forced to settle with you for lots of money. Naked short sellers in penny stocks are about as common as dragons.

6. Unless you can verify all the awesome things about the management team listed on their bios, it is exaggeration at best, and intentional misrepresentation at the worst.

7. Learn from your mistakes! Failure to do so makes you a mark the next time around.

Cheers!