Replies to post #85528 on GNCC Capital Inc (GNCP)

[BigBake1]

Wrong as it is stated nowhere in those documents that OS is 20 billion shares. It is however clearly stated that there will be no purchasing of shares from the MARKET which is the FLOAT thus the reduction has nothing to do with MARKET shares. It only impacts shares issued that have yet to be sold into the market.

[BTCGoat]

EMAIL RESPONSE FROM GNCP:

Sir,

We are proceeding with the stock repurchase as updated. The Company had to first (a) re-domicile from DE to WY; and (b) upon re-domicile advise FINRA of this re-domicile.

We reasonably expect to complete re-domicile to WY within a day; or two; then advise FINRA. Post advising FINRA, we are required to wait ten days.

We will update the stockholders as soon as the re-domicile is complete.

No, we are not contemplating ANY Reverse Split of the shares of Common Stock; and no, we are issuing any additional Convertible Loan Notes to fund any stock repurchases.

Please note our Filings in respect of the rules governing Stock Repurchases as they clearly set out what we are permitted to do within the framework of the Rules & Regulations.

I trust that this clarifies this for you and no, nothing differs from what we have announced.

GNCC CAPITAL, INC.

Took them 9 minutes to reply to my email, which was shocking.

[AlanC]

So the outstanding is now about 14 billion which makes the float much smaller. Well done. Go GNCP!!!