Replies to post #139595 on GNCC Capital Inc (GNCP)

[Anticipating]

NO REVERSE SPLIT OF GNCC’S SHARES OF COMMON STOCK

It is irrevocably agreed by all the Sellers of BioCann, shareholders representing 51% of the existing shares of GNCC Common Stock and the GNCC Directors that no Reverse Split of GNCC stock shall be contemplated by nor approved by any GNCC Director whatsoever and for a period of not less than 18 (eighteen) months from the Effective Date of this Agreement. This is effectively “cast in stone” as the Current Directors and those voting in favor of this transaction would have not approved this acquisition in the absence of this provision. Given the shares of restricted Common Stock being issued to the Sellers of BioCann, any Reverse Split of the Common Stock would be contrary to their personal financial interests.

https://backend.otcmarkets.com/otcapi/company/financial-report/212241/content