GNCC Capital, Inc. last issued a Press Release on July 20, 2021 in which we went into great detail. We strongly recommend that our shareholders refresh their memories by reading this Press Release and prior to the reading of today’s Statements. A Link to that Press Release: https://www.otcmarkets.com/stock/GNCP/news/GNCC-Capital-Inc-Confirms-That-It-Is-In-Very-Material-And-Final-Discussions?id=312313.
We have finally reached decisions on all material issues and will briefly highlight these issues in this Statement.
It is our intention to go into great detail on each of these (and other) points in a very detailed Chairman’s Statement within a week. Given the Monday holiday followed by two days of religious holidays next week; we considered it prudent to wait a week before explaining our decisions which are now final and not retractable.
Given that your Directors also serve on the Board of Directors of Premier, all transactions between your Company and Premier will be conducted on an arm’s length basis.
Your Directors decisions have not and will not be driven by day to day; nor month to month trading in our Common Stock, nor the pricing of your Company’s shares in the market from time to time. The Company’s share price in absolutely no way affected any of the decisions reached.
Finally, as your Directors previously indicated, we will definitely be seeking a reconstitution of the Board of Directors of the Company. It is hoped that this can be accomplished by year end of 2021. In short, we intend to hand over to a Board that is better suited to manage the needs of our shareholders.
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.
SOURCE GNCC Capital, Inc.