Replies to post #214769 on GNCC Capital Inc (GNCP)

[layton]

Again, it will no effect on GNCP and the others.....

GNCP was diluted from the inside. Toxic Preferred notes sold at an 85% preimum to the stock price and then dumped on common shareholders to the effect of 57 BILLION FLOAT, 210 BILLION A/S.

SHARES OF SERIES “E” CONVERTIBLE PREFERRED STOCK;-
Trading Symbol: NOT TRADED
CUSIP: NOT APPLICABLE
Par Value: $0.00001
Stated Value: $1.00
Total Authorized: 30,000,000
Total Outstanding as at December 31, 2021: 5,115,086
Annual Dividend: $0.04 per Share.*
Each share of Series E Convertible Preferred Stock shall be convertible, at the option of the holder thereof, at any
time after 1 (One) one year after the date such share was issued and without the payment of additional
consideration by the holder thereof, into such number of fully-paid and non-assessable shares of Common Stock
as is determined by dividing the Stated Value per share, by the Series E Preferred Convertible Stock, Conversion
Price in effect at the time of conversion.
The “Series E Conversion Price” shall be 85% (Eighty five percent) of the average trading price for the 5 (Five)
consecutive trading days next preceding the date of the notice of conversion as reported on OTCMarkets.com or
such other United States trading market or stock exchange as shall then be the primary market (by volume) for
the Corporation’s shares of common stock; provided, however, that the Series E Conversion Price, and the rate at
which shares of Series E Convertible Preferred Stock may be converted into shares of Common Stock. Series E
Convertible Preferred Stock converted into shares of Common Stock in accordance with the terms hereof shall
be canceled and shall not be reis

[goldslacker2023]

That was an interesting take on that con trap sion youtube the other day. Libor and SOFR. SOFR now :), staying put.