Replies to post #121529 on GNCC Capital Inc (GNCP)

[againstallodds]

Series E awarded to Stephen Lumb

ISSUANCES OF SHARES OF SERIES E CONVERTIBLE PREFERRED STOCK ON DECEMBER 15, 2015:
Stockholder Name
Stelan Real Estate Management, Inc.
TOTAL
Amount of Series E Preferred Issued
35,000
35,000
Amount Note $
35,000 1
35,000
NOTES:
1. These shares were issued in settlement of an outstanding loan.
ACCOUNTING TREATMENT OF THIS ISSUANCE:
The $35,000 (Thirty five thousand dollars) issued in these shares of Series E Convertible Preferred Stock will be capitalized in the Fourth Quarter Ending December 31, 2015 as Additional Paid In Capital as Stockholders Equity.
As at December 15, 2015, the Company has an amount of 19,632,866 shares of Series E Convertible Preferred Stock issued and outstanding.
DATED: DECEMBER 15, 2015