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Las Vegas, June 17, 2021 /PRNewswire/ – GNCC Capital, Inc. (GNCP.PK) (“Company” or “GNCP”) on May 27, 2021 In order to provide our shareholders with the latest “snapshot” and discuss the company’s forward-looking plans.
Link to this letter: https://backend.otcmarkets.com/otcapi/company/financial-report/285347/contentWe once again strongly encourage our shareholders to take the time to read our letters to evaluate and consider their investment decisions in our company.
Date this letter May 27, 2021, Our requirements are as follows:-
“We have chosen to enter a self-imposed silence period of approximately two to three weeks to deal with as many issues as listed in this letter. We will not use social media to issue any press releases (Twitter) nor will we publish during this period Any statement. We will be more than happy to continue to respond to shareholder communications to clarify and explain any issues, provided they are not of a non-public and substantive nature.”
To be honest, we are very grateful for the enthusiasm and encouragement of our shareholders. However, we were overwhelmed by inquiries. We feel obligated to issue this press release only to assure our shareholders that nothing has changed since our last public communication or any amendments to the plans and goals set out in our chairman’s letter.
Although we are really grateful for the shareholder’s input; we must emphasize that the law does not allow us to comment on any major event, such as the status of various negotiations, to any individual shareholder; nor is it involved in our due diligence and/or current Any transaction under negotiation.
At this point, we are overwhelmed by countless negotiations and all goals regarding our previous and public statements. No, we do not promise any specific date; due to our previous and current reliance on many third parties, this will not work for us. Our failure to fulfill our commitments on time will only put severe pressure on your directors and our shareholders.
We can confirm that any and all completed major transactions are required by law to submit and publicly disseminate all major details and OTCIQ. This is usually accepted as within 3 (three) working days; in your director’s opinion and based on your director’s interpretation of the OTC market rules related to “significant events”. With the completion of major events; they will be archived immediately; no endless press releases are needed; just us and many aspects are closed.
On the other hand, as your directors, we really appreciate this huge interest and lack a better adjective, namely “the desire for instant information”; we are really grateful; however, we are following our offer to shareholders The proposed strategy and goals.
Although we truly understand the desire to obtain more information immediately; your director must emphasize that we (as your director) must ensure that all and/or any transactions and corporate actions are under negotiation; complete before public comments. Issuing any specific public statements about our ongoing negotiations is likely to damage our negotiating position in these different transactions.
Your director sincerely hopes that this communication can alleviate any worries and/or “time anxiety” of some of our shareholders; whoever communicates with ourselves shows the same; this is what we see every day.
Again, your director emphasized that please feel free to contact us via email, and we will reply in a timely manner as always. No, as mentioned above, we cannot legally disclose any important information before any such information enters the public domain. We would like to ask our shareholders to understand the legal restrictions that we are subject to as your directors.
As we discussed in the chairman’s letter, this is an exciting time for your company, and we frankly admit that it has been many years before we resolve this issue. Needless to say, we could not solve any of these problems before, and it has been a long time. Our position in the Chairman’s letter remains unchanged, and we will not consider any changes to our established plans or implementation.
It is possible, but again, we have no commitment; we are likely to provide our shareholders with more and more detailed information as early as later next week.
We conclude this update and issue the following statement, just to avoid any doubt:-
“Your director is committed to ensuring that these transactions are completed. Our goal is to reach a conclusion before the end date of this month (and this quarter); June 30, 2021. We are committed to quickly reach a resolution and conclude our negotiations at this time. As your director, we believe that we are in a very advantageous position, mainly based on our stock price and trading volume over 4 months. We are overwhelmed by a large number of offers, and the above content will certainly promote our company’s previously unachievable goals in all various transactions and negotiations. “
Forward-looking statements:-
This press release may contain forward-looking statements. “Believe”, “expect”, “should”, “intend”, “estimate”, “project”, variations of these words and similar expressions identify forward-looking statements, but their absence does not mean that the statements are not forward-looking statement. These forward-looking statements are based on the company’s current expectations and are subject to many risks, uncertainties and assumptions.
The company assumes no obligation to update any forward-looking statements, whether due to new information, future events or other reasons. One of the important factors that may cause actual results to differ significantly from those expressed or implied in such forward-looking statements is the risks detailed in the company’s documents, which have been archived by the OTC Group.
View original content:http://www.prnewswire.com/news-releases/gncc-capital-inc-provides-update-301314462.html
Source: GNCC Capital, Inc.
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