Business
GNCC Capital, Inc. Update To Stockholders
GNCC Capital, Inc. Update To Stockholders.
About this update from Gncc Capital, Inc.
[{"type":"text","content":"\n\n\n\nGNCC Capital, Inc. Update To Stockholders\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. Update To Stockholders\nPR Newswire\nLAS VEGAS, Jan. 23, 2018\n\n\n\nLAS VEGAS, Jan. 23, 2018 /PRNewswire/ -- GNCC Capital, Inc. (OTC: GNCP) (\"The Company\" and/or \"GNCC\") acknowledges receipt of many inquiries from its stockholders and appreciates their thoughts and their input, no matter how critical. The Directors genuinely appreciate their frankness and we share their concerns. \n\nGNCC cancelled its planned Reverse Split of its Common Stock and its name change. GNCC will not be revisiting such corporate actions whatsoever. These State Filings were published by GNCC on the OTCIQ.\n\nThe Directors are now in a position to confirm the following:\n\nAs of this date, the Company's Directors is now in a position to confirm that the Company is in very advanced talks with a publicly traded Company in order to form a Joint Venture between GNCC and that Company. GNCC now has to meet certain conditions required to be fulfilled in order to consummate this Joint Venture. GNCC's Directors are working to fulfill these conditions. These negotiations and planning have been ongoing for several months and have involved a number of outside independent parties and Consultants.\n\nGNCC Directors feel it inappropriate to address all of these conditions in this press release; but we are now in a position to confirm that these conditions do however address many stockholder concerns; which include: the amount of outstanding shares of Common Stock, a Balance Sheet restructuring, extending the Stock Repurchase Program, an amendment of the Conversion Dates of all existing Loan Notes and the issued Preferred Stock and to complete all outstanding filings in order for GNCC to be restored to that of a \"Current Filer\" on the OTC Markets. There are a number of additional requirements in addition to these aforesaid requirements to be fulfilled and reported upon accordingly. The revised and updated GNCC web site will only be uploaded upon the completion of this Joint Venture as...