Replies to post #118735 on GNCC Capital Inc (GNCP)

[againstallodds]

And this is the Lumb’s way of doing:

Lumb pulled the old Savings and Loan scam from the 80's. He "borrows" money from a shell corp (which he owns). The loan is a convertible loan sham where the shares get dumped....by Lumb's shell corp. That's why the O/S ballooned to 6 Billion when he was claiming to be buying back shares.


It's like using your credit card to borrow money...to supposedly pay off your other credit card. All Lumb did was pass around bogus loans to himself and use the convertibles as a method to dump more shares.