Looks Like Blom is out? "Blom was the president of GNCC until the end of August and then became non-executive chairman, he could answer few of Rapport's questions about the company."
Anyone read through the entirety of the filing yet? He should no longer be listed as President if this is true...
Some Blom:
Mr. Blom is presently an officer and non-executive director of ASPA Gold Corp. In the past 10 years, he
was the CEO of Kwezi Coal Ltd and of Kwezi Mining Ltd; and was the acting Financial Director of GAB
Robins (SA) Ltd. All of Mr. Blom’s other directorships are in privately held companies.
Page 141...
GNCC CAPITAL, INC.
(An Exploration Stage Company)
NOTES TO THE FINANCIAL STATEMENTS
During the past ten years, Mr. Blom has not been the subject of the following events:
1. A petition under the Federal bankruptcy laws or any state insolvency law was filed by or
against, or a receiver, fiscal agent or similar officer was appointed by a court for the business
or property of such person, or any partnership in which he was a general partner at or within
two years before the time of such filing, or any corporation or business association of which
he was an executive officer at or within two years before the time of such filing;
2. Convicted in a criminal proceeding or is a named subject of a pending criminal proceeding
(excluding traffic violations and other minor offenses);
3. The subject of any order, judgment, or decree, not subsequently reversed, suspended or
vacated, of any court of competent jurisdiction, permanently or temporarily enjoining him
from, or otherwise limiting, the following activities; associated person of any of the
foregoing, or as an investment adviser, underwriter, broker or dealer in securities, or as an
affiliated person, director or employee of any investment company, bank, savings and loan
association or insurance company, or engaging in or continuing any conduct or practice in
connection with such activity;
Acting as a futures commission merchant, introducing broker, commodity trading
advisor, commodity pool operator, floor broker, leverage transaction merchant,
any other person regulated by the Commodity Futures Trading Commission, or
Engaging in any type of business practice; or
Engaging in any activity in connection with the purchase or sale of any security
or commodity or in connection with any violation of Federal or State securities
laws or Federal commodities laws;
4. The subject of any order, judgment or decree, not subsequently reversed, suspended or vacated, of any
Federal or State authority barring, suspending or otherwise limiting for more than 60 days the right of
such person to engage in any activity described in paragraph 3.i in the preceding paragraph or to be
associated with persons engaged in any such activity;
5. Was not found by a court of competent jurisdiction in a civil action or by the Commission to
have violated any Federal or State securities law, and the judgment in such civil action or
finding by the Commission has not been subsequently reversed, suspended, or vacated;
6. Was not found by a court of competent jurisdiction in a civil action or by the Commodity
Futures Trading Commission to have violated any Federal commodities law, and the
judgment in such civil action or finding by the Commodity Futures Trading Commission has
not been subsequently reversed, suspended or vacated;
7. Was not the subject of, or a party to, any Federal or State judicial or administrative order,
judgment, decree, or finding, not subsequently reversed, suspended or vacated, relating to
an alleged violation of:
i) Any Federal or State securities or commodities law or regulation; or
ii) Any law or regulation respecting financial institutions or insurance companies
including, but not limited to, a temporary or permanent injunction, order of
disgorgement or restitution, civil money penalty or temporary or permanent ceaseand-desist order, or removal or prohibition order, or
iii) Any law or regulation prohibiting mail or wire fraud or fraud in connection with any
business entity; or
8. Was the subject of, or a party to, any sanction or order, not subsequently reversed, suspended or vacated,
of any self-regulatory organization (as defined in Section 3(a)(26) of the Exchange Act (15 U.S.C.
78c(a)(26)), any registered entity (as defined in Section 1(a)(29) of the Commodity Exchange Act (7
U.S.C. 1(a)(29)), or any equivalent exchange, association, entity or organization that has disciplinary
authority over its members or persons associated with a member.
Stock Option Plans, Retirement, Pension and Profit Sharing
There are no other stock option plans, retirement, pension, or profit sharing plans for the benefit of our
officers and directors other than as described herein.
Long-Term Incentive Plan Awards
The Company does not have any long-term incentive plans that provide compensation intended to serve
as incentive for performance.
Option/SAR Grants
There are no stock option, retirement, pension, or profit sharing plans for the benefit of our officers and
directors.
142
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