Replies to post #119065 on GNCC Capital Inc (GNCP)

[Tgarfield2]

The amount that was cancelled here ALREADY; is VERY MATERIAL on a Fundamental basis!

Nothing was cancelled, they were converted. The amount of assets the common shares have now is less than before. It has gone down because of the preferreds. They know that most of you guys will never understand this. Fully diluted there are more common now than before.

The preferreds were sold to common at 0.00005 and converted back at 0.0001 doubling them. Somehow this never bothered any longs here.