Replies to post #83184 on GNCC Capital Inc (GNCP)

[revelations1]

As I have said numerous times before, I am nowhere close to being an expert. However, a share buy back, in my opinion, will have no impact. Most people here have been saying that NSS is what caused GNCP to go to no bid. If that is the case, then they will continue to NSS through any share buy back. It makes no sense to me for people to get excited over a share buy back for any amount or for any price.

[Militia Man]

I don't think everyone does understand. The buy back has no restrictions. Once or when FINRA approves the paper work. they can do as they see fit. Let the competition begin for shares! GO GNCP!

Wyoming corporate law is clear in that Wyoming corporations may engage in stock buy-back programs without restriction; the restrictions that apply to payment of corporate dividends are not included in the provision of Wyoming law that specifically authorizes stock buy-backs. The legal certainty provided by Wyoming law on this point is a clear advantage over the present state of Delaware corporate and case law. Additionally, there are substantial savings on state franchise tax.

The Company’s Directors have legal opinion that recommends that the Company effect this re-domiciling to Wyoming, given provisions of Delaware Law; that in the Opinion of Legal Advisors to the Company, currently prohibit the Company from implementing its authorized Stock Buyback Program.

The Company’s Directors authorized a Stock Repurchase Program of up to $750,000 on January 13, 2014 and amended on September 26, 2014. The Company secured the necessary funding for this Stock Repurchase Program without utilizing any of the Company’s existing loan agreements and expressly without utilizing any of the existing Company’s various Subsidiary Companies’ profits and cash. The full details of which were filed on the OTC Markets Filing & Disclosure Service on January 13, 2014.

The full details of which were filed on the OTC Markets Filing & Disclosure Service, today, include a basic FAQ Review of these Rules. A link to this filing: http://www.otcmarkets.com/financialReportViewer?symbol=GNCP&id=127017.

Following the re-domiciling of the Company in Wyoming and approval from FINRA, it is intended that the Company will commence with its authorized stock buyback program. All shares of Common Stock repurchased in the market by the Company will be cancelled upon their repurchase by the Company. All stock repurchases by the Company will comply with Section Rule 10b-18 as promulgated under the Securities Exchange Act of 1934, as amended. All stock repurchases by the Company will be published in accordance with Section Rule 10b-18 as promulgated under the Securities Exchange Act of 1934, as amended.

The Company will file all requisite documentation in respect of its re-domiciling to Wyoming on the OTC Markets Filing & Disclosure Service.

This stock buyback follows on from comments made by the Company’s Directors in various Press Releases whereby they stated that absolutely no Reverse Split of the Common Stock of the Company would be considered as it was considered to be detrimental to Stockholder interests. This planned Stock Buyback should allay the concerns of those whom considered that the Company would contemplate a Reverse Split of its Common Stock. The Directors of the Company, under no circumstances, will consider any reverse split of the Company’s Common Stock.