Replies to post #148544 on GNCC Capital Inc (GNCP)

[Tgarfield2]

It's still a dividend and would not be paid in cash. It can be a dividend, interest or a capital return. There is no other payment possible to shareholders.

Besides as shown the properties have not been explored, are not large, are not owned and have a value considerable below the secured preferreds.

The company is not even able to release any estimates on the properties since they have not explored them. They have not improved them at all. They are therefore not worth more than what they originally paid. Since they only paid with funny money, any sale will be at most 10% of what they originally paid for them. That will not cover the secured preferreds which have over doubled since then. This is reality.

Notice the company has never stated very much about the actual properties. The original statements are just copied over and over and they do not talk about the actual properties GNCP has an interest in but other large properties near by. No size or location for most of it.

[Tgarfield2]

That is false. It doesn't state quarterly dividends. It states dividends. You are adding words and thoughts to change the statement. Is this like when you checked with the Canadian government last weekend when it closed?

we do not anticipate the payments of cash dividends in the near future as we intend to reinvest our profits to grow our business.

Irrelevant anyway as has been shown in the rest of the previous post. There is no possible way to have money to pay a dividend just like they have zero money for a buyback, to pay preferred dividends, claim rentals, management fees or any acquisitions. Those are all facts.