Replies to post #144226 on GNCC Capital Inc (GNCP)

[againstallodds]

You’re saying GNCP always been toxic

The sheer increase in shares, both commons and preferreds, indeed show the abuse, between 2013 and 2019

Without the recent filings, it was very difficult to have the whole picture

Now we have it

So are yoy saying that DILITION FROM PREFERREDS CONVERSIONS HAVE NO IMPACT ON COMMON SHAREHOLDERS?

Are you saying the the HUGE AMOUNT OF DIVIDENDS accrued by the preferreds have NO IMPACT ON COMMON SHAREHOLDERS

Answers to both questions would be appreciated, to inform current common shareholders and investors on the sideline



Table may contain errors

[Tgarfield2]

So many contacted the company that they wrote a release about. However if you want the information about a stock trying to promote it self, the information is always only in the financials filings where the clear story is presented in full.

For instance, maybe you read the release and thought that they company said that no one is converting. Not what they said or what is going on.

What they said was

no shareholder of Convertible Preferred Stock has expressed any desire to convert many of these into shares of our Common Stock.

How can they say this??
1)They didn't used to convert preferred stock because the converted notes instead.
2)They didn't convert for awhile because the company was dormant with basically no bid
3}At this point there is over 65 million preferred (1 trillion common) shares. Converting to 10-50 billion common is NOT MANY.

The company had already filed for 3.5 billion common shares and also filed another conversion for 11.2 billion common shares so that wasn't mentioned since it was already filed and not all has been added to the float yet.