GNCC Capital, Inc. (OTC:GNCP) (“The Company”) announced on September 29, 2014 and confirmed on October 30, 2014, that its Board of Directors intended to re-domicile the Company from Delaware to Wyoming. This was in order to implement a Stock Repurchase Program.

  • The Company confirms that these actions were completed on November 14, 2014, in the State of Delaware. The Certificate of Conversion from the State of Delaware was filed on that date on the OTC Markets Disclosure Service.
  • The Company confirms that the additional documentation requested by Wyoming was filed on November 19, 2014 in the State of Wyoming. It is anticipated that the re-domiciling process will be completed on or before Friday November 21, 2014. Upon receipt of the stamped documentation from Wyoming, this will be filed on the OTC Markets Disclosure Service. The Company today filed all of the Wyoming Statutory Documentation, as submitted, on the OTC Markets Disclosure Service as a Supplemental Filing.
  • The Company will immediately apply for a change in its CUSIP Number following its re-domiciling. The Company will advise as to its new CUSIP Number upon receipt.

The Attorneys to the Company advise that the Company is to transact an electronic filing with OTC Corporate Actions (FINRA) reflecting the re-domiciling of the Company to Wyoming. They advise that this process with FINRA will take ten days from the date of filing.

The FINRA SEA Rule 10b-17 Actions "includes dividends or other distributions in cash or kind, stock splits or reverse stock splits, or rights or other subscription offerings, and such other actions as are provided for in SEA Rule 10b-17; and the term "Other Company-Related Actions" includes, but is not limited to, any issuance or change to a symbol or name, mergers, acquisitions, dissolutions or other company control transactions; and bankruptcy or liquidations."

Following this re-domiciling of the Company in Wyoming; and post the ten day period from our FINRA notification, it is intended that the Company will commence with its authorized stock repurchase program. All shares of Common Stock repurchased in the market by the Company will be cancelled upon their repurchase by the Company. All stock repurchases by the Company will comply with Rule 10b-18 as promulgated under the Securities Exchange Act of 1934, as amended. All stock repurchases by the Company will be published in accordance with Rule 10b-18 as promulgated under the Securities Exchange Act of 1934, as amended.

The Company’s Directors authorized a Stock Repurchase Program of up to $750,000 on January 13, 2014 and amended it on September 26, 2014. The Company secured the necessary funding for this Stock Repurchase Program without utilizing any of the Company’s existing loan agreements and expressly without utilizing any of the existing Company’s various Subsidiary Companies’ profits and cash. The full details of which were filed on the OTC Markets Filing & Disclosure Service on January 13, 2014 and include a basic FAQ Review of these Rules. A link to this filing: http://www.otcmarkets.com/financialReportViewer?symbol=GNCP&id=127017.

About GNCC Capital, Inc.:

GNCC Capital, Inc. is a Diversified Holding Company which at present has Revenue Generating, Cash Positive and Profitable subsidiary companies which are engaged in the owning and operation of Adult Social Gaming Arcades based in South Florida. The Company also has significant assets in Gold & Silver Mining Exploration in Arizona. GNCC Capital, Inc. is a Current Information Filer on the OTC Markets.

The Company’s most profitable assets, at this time, are our Adult Social Gaming Arcades in South Florida which are currently operating under our Gold Coast Gaming Corporation and as “Boardwalk Brothers” and ”Play It Again”. The Company is aggressively pursuing suitable acquisition targets in South Florida and in this Sector.

The Company also intends to continue to diversify into other Industry Sectors through acquisitions and as they present themselves; only upon our stated criteria.

Forward-Looking Statements:-

This press release may contain forward-looking statements. The words "believe," "expect," "should," "intend," "estimate," "projects," variations of such words and similar expressions identify forward-looking statements, but their absence does not mean that a statement is not a forward-looking statement. These forward-looking statements are based upon the Company's current expectations and are subject to a number of risks, uncertainties and assumptions. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Among the important factors that could cause actual results to differ significantly from those expressed or implied by such forward-looking statements are risks that are detailed in the Company's filings, which are on file with the OTC Markets Group.

GNCC CAPITAL, INC.Ronald Y Lowenthal, 702-951-9793Executive Chairmancorporate@gncc-capital.comorPeter Voss, 702-951-9793Chief Executive Officercorporate@gncc-capital.comorInvestor Relations:investor@gncc-capital.comwww.gncc-capital.comhttps://twitter.com/GNCCCapital[We would be very appreciative if all investor questions be directed to this E mail address and not to our telephone voicemail until such time as we have appointed a dedicated Investors Relations Firm whom will deal with all telephonic enquiries]

GNCC Capital (CE) (USOTC:GNCP)
Gráfica de Acción Histórica
De Oct 2024 a Nov 2024 Haga Click aquí para más Gráficas GNCC Capital (CE).
GNCC Capital (CE) (USOTC:GNCP)
Gráfica de Acción Histórica
De Nov 2023 a Nov 2024 Haga Click aquí para más Gráficas GNCC Capital (CE).