GNCC Capital, Inc. Updates On OTC Tier Status
GNCC Capital, Inc. (GNCP.PK) announces that OTC Markets Compliance is reviewing its further amended Q3 Report to reinstate the company to PINK CURRENT status. The Directors are optimistic that no additional amendments will be required and expect reinstatement to occur soon. The company's filings are current, with the Q3 Report submitted on August 22, 2021, and an amended filing made on September 23, 2021. The Annual Report and Attorney Letter for the fiscal year ending September 30, 2021, will be filed upon reinstatement, which is due by December 30, 2021.
- The company is in direct communication with OTC Markets Compliance, indicating proactive engagement.
- Hope for reinstatement to PINK CURRENT status without further amendments, enhancing credibility and investor confidence.
- Filings are up to date and were filed promptly, reflecting good management practices.
- The company's current status is not PINK CURRENT, which may limit investment attractiveness.
- Continued dependence on OTC Markets Compliance for reinstatement creates uncertainty regarding future operations.
LAS VEGAS, Nov. 9, 2021 /PRNewswire/ -- GNCC Capital, Inc. (GNCP.PK) ("The Company" or "GNCP") confirms that OTC Markets Compliance is reviewing the FURTHER AMENDED Q3 Report in order for the Company to be reinstated to that of PINK CURRENT. The Company Directors are in direct communication with OTC Markets Compliance. Our latest communication was earlier today.
In the opinion of the Directors, it is unlikely that OTC Markets Compliance will require any further amended Q3 Reports to be filed. Upon their review of our response today; we reasonably expect to be reinstated to that of PINK CURRENT without further delays.
We understand that shareholders are anxious for our reinstatement to that of PINK CURRENT in order for ourselves to announce transactions. We ask for shareholders to exercise patience for what now appears to be imminently resolved and that there is no need to contact the Company given that we have matters well in hand at this point.
We reiterate that our filings are up to date, were filed on time (the Q3 on August 22, 2021) and our last Filing was an amended filing for our Q3 period (at the request of OTC Markets Compliance on September 23, 2021).
We confirmed on October 27, 2021 that the Company's Annual Report and the Attorney Letter for the Year Ended September 30, 2021 will be filed on the OTC Markets; upon the Company's being reinstated as PINK CURRENT. This Annual Report is due on or before December 30, 2021.
We are of the opinion that is not appropriate to file the above-mentioned Annual Report until the reinstatement to PINK CURRENT by OTC Markets Compliance.
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
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SOURCE GNCC Capital, Inc.
FAQ
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