Replies to post #126871 on GNCC Capital Inc (GNCP)

[TheFutureForsure]

GNCP - It Will Be GREAT IMO!!!!

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[diamondguru-one]

AGAIN !!!!!!!!!!! "IN BLACK AND WHITE " !!!

3. In respect of the Joint Venture which in all likelihood will now proceed (we will address in more depth); this refers to the following of the Company’ Mining Exploration Properties; namely “Tonopah / East Belmont”, “Pearl Spring”, “White Hills”, “McCracken” and “Yarber Wash”. Our Joint Venture Partners own Mining Exploration Properties which will be added to a Joint Venture upon its consummation.They are publicly traded and we have zero authority to comment on their assets.

4. Your Directors consider it highly improper to comment upon their valuation of the Company’s Mining Exploration Properties. Our accounting treatment was always that the impairment charges were taken and immediately upon the acquisition of these properties. However addressing as to what we offered to the various holders of our shares of secured
Preferred Stock remains confidential and they are not likely to accept the offer (we will address in more length). Shareholders have communicated valuations to ourselves that range from as low as $0.0005 to as high as a few dollars per share of our Common Stock. We will comment as follows: No, we would not entertain a price of $0.0005, that is patently ridiculous and conversely to value the Company at a few dollars per share of Common Stock is complete nonsense. In our private and unsubstantiated opinion, any valuation is north of the low suggested at $0.0005 per share of Common Stock; any valuation is however solely in the opinion of your Directors. An accurate and updated value of the properties will be only be material to shareholders should the Company elect to dispose of the same and to then distribute the proceeds; and that would entail an “arm’s length” valuation being undertaken.