Business
GNCC Capital, Inc. Files Q2 Report
GNCC Capital, Inc. Files Q2 Report.
About this update from Premier Development & Investment, Inc.
[{"type":"text","content":"\n\n\n\nGNCC Capital, Inc. Files Q2 Report\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. Files Q2 Report\nPR Newswire\nLAS VEGAS, April 12, 2021\n\n\n\nLAS VEGAS, April 12, 2021 /PRNewswire/ -- GNCC Capital, Inc. (GNCP.PK) (\"The Company\" or \"GNCC\") confirms the Q2 Report for the period ending March 31, 2021 was filed today with the OTC Markets.\nThe Company recorded a loss of ($0.0000059) per share for this Quarter. This was primarily due to increased Professional Fees and other expenses incurred in this period.\nWe can confirm that the STOP was removed by the OTC Markets last week. The Attorney Letter in respect of the Annual Reports to September 30, 2019 and 2020, as well as the Quarterly Report to December 31, 2020; was filed with the OTC Markets on Friday April 9, 2021.\nWe reasonably expect to be restored to that of PINK CURRENT imminently; subject to the OTC Markets Compliance review.\nThe Company will be providing shareholders with additional and very detailed reports this week.\nThe new Corporate web site should expected to be uploaded by weekend.\nContrary to much speculation, no Reverse Split of the outstanding shares of Common Stock is going to happen. In fact, your Directors pledge and commit that no Reverse Split is ever going to happen. Your Directors consider Reverse Splits to be highly detrimental to shareholder interests. \nIn the interests of full disclosure, your Directors are also the Directors of Premier Development & Investment, Inc. (OTC:PDIV) (\"Premier\") which is the largest shareholder of GNCC Capital, Inc. holding 37.68% of the outstanding voting shares of Common Stock; so it is not in Premier's interests either.\nIn respect of our Authorized Share Capital, no, we have not raised it. We have had no reason to do so. We would increase it if it was legally required; such as a holder of shares Convertible Preferred Stock requesting to convert all or part of their holding into shares of our restricted Common Stock. To date; we have had no such request whatsoever. \nFurthermore our shares of Common Stock on deposit at th...