Replies to post #76488 on GNCC Capital Inc (GNCP)

[TenKay]

The company has previously indicated, somewhat emphatically, there is no planned RS and that "it is not in the interest" of shareholders. Lumb does not have a reputation of doing RS's ... But he has done them before...it is just not part of the process for him routinely.

However we have two dynamics here. First....there is a new "management" that isn't necessarily beholden to "previous" managements commitment...and second...the stock has been at no bid x 0.0001 for a little while now..despite many "filings" and "PRs". There is a ton of convertibles left (both debt and preferreds) and in the absence of any bid or sufficient volume at T1 or T2....an RS might allow those to get into the market during another round of dilution.

I am not sure what other choices there are....this "gaming" announcement has been disaster so far.

[Militia Man]

Yep, and nope.. Se recent PRs

Does anybody know, if a reverse split is heading our way?

[Militia Man]

08/15/2014 GNCP traded $.0001 and to this day they have said more than once no R/S. Based on history buying in at $.0001 appears to be a good buy. Betting against that and looking for an R/S may have been a big mistake, just drinks talking.. lol :-)