Replies to post #3 on Premier Development and Investment Inc (PDIV)

[againstallodds]

Here is a GNCP small history from 2012

GNCP - speaking of this group of attorneys from Tampa Bay that have gotten involved in SATM and GOHG.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68109529

Check out GNCP

Legal counsel is Alex R. Stavrou and Securus Law Group, P.A.

The sole Director/Officer of Securus Law Group, P.A. is SEC banned attorney, Craig Huffman

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60846847

http://sunbiz.org/scripts/cordet.exe?action=DETFIL&inq_doc_number=P10000080619&inq_came_from=NAMFWD&cor_web_names_seq_number=0000&names_name_ind=N&names_cor_number=&names_name_seq=&names_name_ind=&names_comp_name=SECURUSLAW&names_filing_type=

The Global National Communications Corp shell died and was revoked in 2006 by the Nevada SOS.

In 2008, David Price and Joseph Bartel took over the dead shell. They conducted a 1:15 reverse split, raised the authorized share count from 10,000,000 to 500,000,000, and moved the entity to Delaware merging it with a brand new business entity called GNCC Capital, Inc. which Joseph Bartel controlled.

David Price and Joseph Bartel also took over a couple of other dead tickers I am very familiar with called Strategic Management & Opportunity Corp (SMPP) and Strategic Rare Earth Metals Inc (SREH) then passed those shells off. Both of those shells are currently trading at no bid.

In April of 2010, Bartel sold 1,666,667 shares to Ronald Y. Lowenthal giving him controlling interest in the GNCP shell.

Ronald Y. Lowenthal took over as the Chairman and Nicolaas Edward “Ted” Blom took over as the CEO of the shell. Lowenthal awarded himself 2,500,000 for $50,000 in salary ($.02/share) and 9,500,000 as a signing bonus. Blom also received an identical employment including the 12,000,000 shares.

Between May of 2010 and December of 2010, GNCP issued over 176,000,000 shares (restricted for two years) and $16,784,000 in debt Notes to several entities for the alleged acquisitions of various Arizona mining properties.


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THE ACQUISITIONS:

97,000,000 shares (at $.02/share) and a $7,184,000 debt Note was given to Middle Verde Development Co., LLC and Searchlight Exploration, LLC (both owned by Frederick Bauman and Barbara Bauman) for the “Kit Carson”, “Potts Mountain” and “Silverfield” Silver Projects.

http://starpas.azcc.gov/scripts/cgiip.exe/WService=wsbroker1/names-detail.p?name-id=L10982160&type=L.L.C.

http://starpas.azcc.gov/scripts/cgiip.exe/WService=wsbroker1/names-detail.p?name-id=L10869269&type=L.L.C.

The 97,000,000 shares and $7,184,000 debt Note were divided up among several entities scattered all over the world




We are given absolutely no disclosure about who controls those foreign entities.


GNCP also gave Searchlight Exploration, LLC (Frederick Bauman and Barbara Bauman) 21,000,000 (at $.02/share) and a $2,000,000 debt Note for the purchase of the “Esther Basin” Project. The shares and debt Note were divided up amongst the same group of foreign entities:




Again we are given absolutely no disclosure about who controls those foreign entities.


In another acquisition, GNCP issued Searchlight Exploration, LLC (Frederick Bauman and Barbara Bauman) and Anaconda Exploration, LLC (an entity controlled by Searchlight Exploration, LLC) 30,000,000 shares (at $.02/share) and a $4,000,000 debt Note for the “Clara” Gold Project.

http://starpas.azcc.gov/scripts/cgiip.exe/WService=wsbroker1/names-detail.p?name-id=L13247108&type=L.L.C.

The shares and debt Note were once again divided up amongst the same group of foreign entities:




Again we are given no disclosure about who controls those foreign entities.


In another acquisition, GNCP issued Searchlight Exploration, LLC and Anaconda Exploration, LLC (both controlled by Frederick Bauman and Barbara Bauman) 14,000,000 shares (at $.02/share) and a $1,800,000 debt Note for the “Burnt Well” Gold Project. The shares and debt Note were once again divided up amongst the same group of foreign entities:




Again we are given no disclosure about who controls those foreign entities.


In another acquisition, GNCP issued Searchlight Exploration, LLC and Middle Verde Development Co, LLC (both controlled by Frederick Bauman and Barbara Bauman) 14,000,000 shares (at $.02/share) and a $1,800,000 debt Note for the “Kit Carson” Silver Project. The shares and debt Note were once again divided up amongst the same group of foreign entities:




Again we are given no disclosure about who controls those foreign entities.


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When all the acquisitions were said and done the 5% shareholder list looked like this:

Searchlight Exploration, LLC - 10,511,000 (5.17%)
Stelan Real Estate Management, Inc. - 14,252,000 (7.02%)
Highwave Management Corp. – 11,192,480 (5.51%)
Streetside Holdings AG – 12,591,540 (6.20%)
Insight Holdings, S.A. – 12,591,540 (6.20%)
Emerald International Corporation – 11,192,480 (5.51%)
Saffron Ventures GmbH – 12,591,540 (6.20%)
Liberty Investment Services Ltd. – 12,591,540 (6.20%)
Macy Ocean Enterprises, Inc. – 11,192,480 (5.51%)
Neutral Bay Investments, S.A. – 12,591,540 (6.20%)
Diamond Peak Resource Corporation – 12,591,540 (6.20%)
Western Treasure Holdings Corp. – 12,591,540 (6.20%)
Ronald Y Lowenthal (Executive Chairman) - 12,000,000 (5.91%)
Nicolaas Edward Blom (President & CEO) - 12,000,000 (5.91%)


With the stock price currently trading at $.51/share each of those above listed individuals and entities own between $5,250,000 - $7,125,000 worth of shares.


Other shareholders include:

Anaconda Exploration, LLC - 2,443,000
Middle Verde Development Co, LLC - 5,968,000

All total between the 3 entities we know are controlled by Frederick Bauman and Barbara Bauman, the Bauman's own 18,922,000 shares (around 9% ownership)

Anaconda Exploration, LLC - 2,443,000
Middle Verde Development Co, LLC - 5,968,000
Searchlight Exploration, LLC - 10,511,000


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The $16,784,000 in debt Notes came due in 2011, but the owners of the Notes agreed to extend the due dates to 2014.

I find it extremely interesting and disturbing that all of those acquisitions and debt Note issuances took place in 2010, yet the company waited over 18 months to disclose those acquisitions to the public. Perhaps so they could wait until the restrictions were almost up to start to advertise the shell to the public?

The debt Notes have already accumulated $1,029,876 in interest as of September 30, 2011 and the properties have yielded absolutely no minerals to date.


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The filings also tell us that way back before Ronald Y Lowenthal took control of the shell and all the crazy mining acquisitions took place, a company called Angel Vest LLC loaned the GNCP shell $47,460.

Managing member of Angel Vest LLC is Stephen C. Lumb.

Stephen C. Lumb also controls a Nevada entity called Stelan Growth, LLC and a Bahamas entity called Stelan Capital Corporation

Why is that significant? Because one of the names of the companies receiving shares and debts for each of the mining acquisitions is Stelan Real Estate Management, Inc.


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Why is Stephen C. Lumb's involvement in this mining company significant?

Because he has been involved in a junk heap of stinky pinkie mining companies.

The Stephan C. Lumb scrap heap includes:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68695127

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68708820

WYOMING

Name: Fortress Financial Group, Inc.
Status: Recently revoked by the SEC

Name: Western Diversified Mining Resources, Inc.
Status: Inactive - Administratively Dissolved (Tax)
Inactive Date: 08/10/2011

Name: Bouse Gold, Inc.
Status: Inactive - Administratively Dissolved (Tax)
Inactive Date: 03/12/2011

Name: South Copperstone, Inc.
Status: Inactive - Administratively Dissolved (Tax)
Inactive Date: 03/12/2011

Name: SILVERFIELD GOLD, INC.
Status: Inactive - Administratively Dissolved (Tax)
Inactive Date: 12/10/2009


NEVADA

NORTH AMERICAN GOLD & MINERALS FUND
Status: Default
Business License Exp: 2/28/2011

ASPA GOLD CORP.
Status: Default
Business License Exp: 4/30/2011

HURASU RESOURCE CORPORATION
Status: Revoked


FLORIDA

HUNT GOLD CORPORATION
Status INACTIVE
Last Event ADMIN DISSOLUTION FOR ANNUAL REPORT
Event Date Filed 09/24/2010


OTHER JUNK

NEVADA

ANGEL VEST, LLC
Status: Revoked

STELAN GROWTH, LLC
Status: Revoked

ST. JAMES CAPITAL HOLDINGS, INC.
Status: Revoked


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Makes me wonder how many more of those foreign entities controlling tons of shares and debt in GNCP Lumb might own.