GNCC Capital, Inc. Updates Shareholders
On May 19, 2021, GNCC Capital, Inc. (GNCP) announced its transition from PINK CURRENT to PINK LIMITED tier on OTC Markets.
Sentiment and the balance of points
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Rhea-AI Summary
On May 19, 2021, GNCC Capital, Inc. (GNCP) announced its transition from PINK CURRENT to PINK LIMITED tier on OTC Markets. The company is actively working with its counsel to resolve this issue. They assured shareholders that this status change does not impact funding access or ongoing transactions. GNCP plans to release a 'Chairman's Letter' soon, stating it is unlikely to be affected for long. The company will provide updates once more information is available from OTC Markets.
Positive
- The company is proactively addressing its tier change with OTC Markets.
- Management reassured shareholders regarding ongoing funding access and transactions.
Negative
- Transition to PINK LIMITED tier may raise concerns about the company's overall transparency and credibility.
- The tier change may affect investor confidence and trading activity temporarily.
Details
News Market Reaction – GNCP
The recorded move for GNCP in the trading session of this news was -12.50%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
LAS VEGAS, May 19, 2021 /PRNewswire/ -- GNCC Capital, Inc. (GNCP.PK) ("The Company" or "GNCP") confirms that it and numerous other OTC quoted Issuers were moved from that of PINK CURRENT to that of PINK LIMITED Tier and this morning. Our Counsel is contacting OTC Markets and we will do whatever is required by OTC Markets in order to rectify this situation and with no delays.
This is no way affects our planning and we are continuing business as usual.
Shareholders may rest assured that this does not in any manner; affect our access to funding, transactions under review, etc.
We will update our shareholders once we are in possession of more information from the OTC Markets.
In the interim, we will consider the immediate release of our "Chairman's Letter" as not being PINK CURRENT; in your Directors opinion, is unlikely to be for more than a very short period of time; is simply not material to your Company.
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.
Contact Information:
GNCC CAPITAL, INC.
Telephone: (702) 990-0156
E Mail: corporate@gncc-capital.com
Investor Relations Contact:
E Mail: investor@gncc-capital.com
Twitter: https://twitter.com/gncccapital
View original content:http://www.prnewswire.com/news-releases/gncc-capital-inc-updates-shareholders-301295141.html
SOURCE GNCC Capital, Inc.
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