Replies to post #119062 on GNCC Capital Inc (GNCP)

[againstallodds]

And that's the confusion in the filings that many had. There is no buy back and there won't be. The conversion of common shares to preferreds is what was referred to as 'the buyback'.

That’s the way they do it

Buying back is

What is a 'Buyback'
A buyback, also known as a share repurchase, is when a company buys its own outstanding shares to reduce the number of shares available on the open market. Companies buy back shares for a number of reasons, such as to increase the value of remaining shares available by reducing the supply or to prevent other shareholders from taking a controlling stake.

Blom, the word buyback you intentionally used can mislead investors

If its only reducing common shares by converting to some sort of preferred shares, then the word nuyback shoul NEVER BE USED.

Blom you are the one signing those supposedly coming filings, make sure you use the proper wording

Resign Blom