Replies to post #121500 on GNCC Capital Inc (GNCP)

[TheFutureForsure]

GNCP- You Mean These Series X Shares

That will not be TRADING on Any Market

With $0.05 FIVE Cent Annual Dividends

Can’t Convert for at least 1 Year from April 22nd 2018.

And issued at $1.00 One Dollar per share


https://backend.otcmarkets.com/otcapi/company/financial-report/191432/content

AUTHORIZATION OF SERIES X CONVERTIBLE PREFERENCE SHARES

The Directors of GNCC Capital, Inc. filed a Certificate of Amendment of Certificate of Incorporation, with the Secretary of State in Wyoming; to authorize the Series X Convertible Preference Shares.

The salient terms of the UNSECURED NON VOTING Series X Convertible Preference Shares:-

Number of Authorized: 30,000,000 (Thirty million) Par Value: $0.00001
Annual Dividend per share: $0.05 (Five cents)

Convertible at the Holder’s Option (AND ONLY after a period of one year from the date of Issuance) and into shares of Common Stock, at a pre-determined price per share of the Common Stock.

These Series X Convertible Preference Shares will not be admitted for trading on any market.

These Series X Convertible Preference Shares being issued and at a price of $1.00 (One dollar) each; will settle the capital (and accrued interest to June 30, 2015); being amounts owed to the Holders of all outstanding Convertible Loan Notes and Loans owed by the Company.

[varmit]

Well they are counting on a massive stock price uprising/ causing the market cap of 13/15 billion just for starters .
This nets the note holders cash lots lotsa cash