Business
GNCC Capital, Inc. Confirms Joint Venture To Proceed
GNCC Capital, Inc. Confirms Joint Venture To Proceed.
About this update from Gncc Capital, Inc.
[{"type":"text","content":"\n\n\n\nGNCC Capital, Inc. Confirms Joint Venture To Proceed\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nGNCC Capital, Inc. Confirms Joint Venture To Proceed\nPR Newswire\nLAS VEGAS, July 2, 2018\n\n\n\nLAS VEGAS, July 2, 2018 /PRNewswire/ -- GNCC Capital, Inc. (OTC: GNCP) (\"The Company\" and/or \"GNCC\") refers shareholders to its press release dated January 23, 2018 and to a number of material Corporate Actions as filed with the OTC Markets. \n\nGNCC has completed the last of the outstanding Quarterly and Annual Reports to restore it as a \"Current Filer\" with the OTC Markets. Our Joint Venture Partners/Financiers requested to review all of these completed Financial Statements prior to being publicly filed. We agreed to this request, and all of these outstanding Quarterly and Annual Financial Statements will be filed with the OTC Markets this week, including the Quarterly Report for the period ended June 30, 2018. We had expected to file all of these outstanding Annual and Quarterly Reports today but we are of the opinion that their review request was fair and reasonable given their substantial forthcoming financial and other commitments to GNCC. This review would definitely not delay us filing by more than a few business days. The GNCC Directors stress that their review is not in any way coupled to any potential issues and/or delays; it was simply to ensure that we accounted for all pre-agreed accounting policies and restatements, which we have complied with.\n\nUpon our restoration as a \"Current Filer\" on the OTC Markets, we will immediately announce the full details of our Joint Venture transaction and the financial affect upon GNCC on a going forward basis. We confirm that the completion and filing of our outstanding Financial Statements and our being designated as a \"Current Filer\" fulfills the last of the numerous conditions that we were required to meet in order to complete the Joint Venture agreement and to recapitalize GNCC; it is the final result of over six months of work and negotiations with numerous interested parties.\n\nIn response to numerous...