Business
GNCC Capital, Inc. Publishes a Paper on Its Gold Coast Gaming Corp Operations
GNCC Capital, Inc. Publishes a Paper on Its Gold Coast Gaming Corp Operations.
About this update from Gncc Capital, Inc.
[{"type":"text","content":"\n \n GNCC Capital, Inc. (OTC:GNCP) (“The Company”) has today published a \n “Management Discussion” pertaining to its recently acquired Gold Coast \n Gaming Corp (“Gold Coast”).\n \n \n This was filed on the OTC Disclosure Service; a link to this filing: http://www.otcmarkets.com/financialReportViewer?symbol=GNCP&id=125120\n \n \n This Management Discussion paper solely deals with and refutes a number \n of allegations posted on Internet Stock Chat Forums that the businesses \n owned by Gold Coast are not operating within the Statutes as laid down \n by the State of Florida.\n \n \n Such allegations are damaging and harmful to our stockholders and are \n completely without foundation and have no legal validity whatsoever.\n \n \n It has become very clear that since our announcement of this particular \n acquisition on August 12, 2014, that a lot of confusion has been created \n amongst our stockholders through these questionable postings on various \n Internet Stock Chat Forums.\n \n \n The rationale for this acquisition was for Gold Coast to acquire a \n number of similar operations in South Florida to create a sizeable group \n of these Arcades and for Gold Coast’s Management to utilize their \n experience and skill to improve those operations acquired so as to \n achieve maximum profitability.\n \n \n Gold Coast and GNCC consider this business model to be very sound and \n financially viable. The existing Gold Coast Operations are well \n established, profitable and extremely well managed. GNCC did extensive \n due diligence into these operations prior to this acquisition and remain \n very satisfied with this acquisition and with Gold Coast’s prospects.\n \n \n The Company’s recently appointed Chief Executive Officer, Peter Voss, \n will be publishing an in depth report on the business of Gold Coast, its \n acquisition/growth strategy and its prospects in South Florida and very \n possibly, abroad.\n \n \n Gold Coast is expected to contribute substantial profits to the Company \n over a long period of time. It is expected that over time, the business \n of Gold Coast could become as important to us as are our Mining \n Exploration Properties.\n \n \n About GNCC Capital, Inc.:\n \n \n GNCC Capital, Inc. is a Holding Company which at present has a number of \n subsidia...