Replies to post #146190 on GNCC Capital Inc (GNCP)

[Tgarfield2]

Only the preferred share holders get a say. Common shares are not consulted or counted when decisions are made. Have you read the filings? Yes or No?

These are from different 2018 filings. I'm sure you know who has most of the secured preferred as opposed to the unsecured preferred stock from reading the filings.

Following exhaustive discussions with the holders of shares of our secured Preferred Stock:-

The holders of shares of our secured Preferred Stock are very clearly not in favor of the Company selling its Mining Exploration Properties and then doing a distribution to shareholders.....We did impose a “drop dead” date to these shareholders as to their final decisions; upon that date, we will execute without delay

We are approaching the holders of Classes of our secured Preferred Stock to secure an agreement from them

These discussions are not being extended to unsecured holders of Classes of our Preferred Stock

Could this be MORE CLEAR, the secured preferred, largely controlled by lumb, makes the decisions.

We have now approached a fair number of the holders of Classes of the Company’s secured Preferred Stock in order to secure an agreement from them on that we believed was in their best interests.

Given the decisiveness of these shareholders (preferreds - edit); it is very clear that a final decision will be made very shortly.

we intend to discuss this immediately with our holders of Classes of our secured Preferred Stock

Have you read where the B-preferred holders did the BIOcann vote? These shares never converted so the preferreds did the vote. No one here got a vote.

On February 2019, shareholders representing an amount of 560,000 shares of Series “B” Convertible Preferred Stock served Notices of Conversion to shares of Common Stock. This will increase in the amount of outstanding Common Stock as was required to secure the majority shareholder vote to acquire the entire issued capital of BioCann Pharma S.A.S. These conversions have not as yet been effected and it is envisaged that they will be in and during May of 2019.

This is after GNCP specifically stated this.

Any such decisions made would still require the support and ratification from a majority of votes from the holders of our shares of Common Stock which all have voting rights, no Classes of our Preferred Stock have any voting rights.

BONUS FUN QUOTE!!

In summary, we now recognize the problems, our own short comings in shareholder communication and missed deadlines and intend to ensure these are now past problems and that moving forward we will be in a position to create value for shareholders and without further frustrating delays.

[BigBake1]

But they are not lenders and are not majority holder, that is not the same as a common shareholder of market shares.

Glad we cleared that up.