Replies to post #74508 on GNCC Capital Inc (GNCP)

[SevenTenEleven]

GNCP - It is known that a Form 15 filer's common shares are not registered with the SEC. Nothing new to report there, and nothing illegal about these shares in the market.

I am waiting for the documentation to substantiate claims that these shares have illegally been pushed into the market. If the claims are made, the documentation should easily be made available to the rest of us.

Ummm they havent registered a single share, can you show me a registration? They have filed no Form D's, can you show me one anywhere? Can it be shown in Delaware Law that an exemption is in fact available fore the type of debt conversions they have done? I know this asking for a lot since we have yet to get that Tax Code that relieves one from paying Capital Gains on a bankrupt stock... Well and of course the plethora of other documents that have been repeatedly asked for.... seems to be a deficiency here..

With regard to Tax filing, please provide documentation on how the IRS handles illegal naked short selling and the profits and/or losses realized on illegal trading. Does the IRS report moneys gained or lost on illegal securities trading the way they report illegal income reported through drug dealing and/or other black market activities?

GNCP is on the clock to provide support for anticipated cash flows and revenues.

What that occurs, I wuld have to have a naked short position in GNCP, and I sure as hell would hate to be the parties "guaranteeing" profits for the parties illegally navigating the loopholes in the rules and regulations.

Again, special thanks to all of the DD!

Looking forward to the actually type of short selling that is being debated...addressed, and not what is not being debated.

Good Luck!