|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.0001 - 0.0001|
|52 Week Range||0.0000 - 0.0002|
|Beta (5Y Monthly)||-53.76|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Premier Development & Investment, Inc. (OTC: PDIV) ("The Company" or "Premier") announces its intentions in respect of its majority shareholding and investments in GNCC Capital, Inc. (OTC: GNCP) ("GNCP"); as follows:
LAS VEGAS, Oct. 17, 2019 /PRNewswire/ -- GNCC Capital, Inc. (GNCP) ("The Company" or "GNCC") confirms that the 17 billion shares of restricted Common Stock recently issued was solely for Preferred Shareholders to vote in excess of 51% of the Company's outstanding Common Stock. Shareholders should be aware that Jengu is financed independently of GNCC and has its own financing facilities in place.
LAS VEGAS, Oct. 16, 2019 /PRNewswire/ -- GNCC Capital, Inc. (GNCP) ("The Company" or "GNCC") confirms that the related party transaction referred to October 10, 2019 has been ratified. Your recently appointed GNCC Directors confirm that at this time, GNCC will focus its activities in South Africa through its 40% shareholding in Jengu Pharma (Pty) Limited ("Jengu"). Jengu through its ownership of a South African Company which is presently growing Cannabis and primarily for export.
LAS VEGAS, Oct. 10, 2019 /PRNewswire/ -- GNCC Capital, Inc. (GNCP) ("The Company" or "GNCC") advises that the new Board of Directors is in the process of consummating a further transaction in the Cannabis Sector and in South Africa. This decision was taken given that this transaction materially affects the size and scope of the Company's South African Cannabis interests.
LAS VEGAS, Oct. 3, 2019 /PRNewswire/ -- GNCC Capital, Inc. (GNCP) ("The Company" or "GNCC") advised our shareholders on September 30, 2019 that a majority of the Company's Shareholders voting in excess of 51% of the shares of the Company's outstanding Common Stock had signed a Shareholder Resolution with all of the previously announced demands now having being ratified and with immediate effect.
LAS VEGAS, Sept. 30, 2019 /PRNewswire/ -- GNCC Capital, Inc. (GNCP) ("The Company" or "GNCC") advised our shareholders on August 21, 2019, August 27, 2019 and on September 3, 2019 that it was confirmed that a majority of the Company's Shareholders would serve notice upon the Company to enforce and indeed ratify all of these very material transactions as set out in these Press Releases. Your current Board of Directors has now ratified and accepted all of these Shareholder Resolutions as we are required, by law. Given that all of these Shareholder Resolutions include a new Board of Directors, shareholders will now receive updates this week, and possibly as early as this week, from the new Board of Directors.
Certain of these Agreements include cross border transactions, the acquisition of a large minority interest in a foreign Cannabis Company as well as certain "Hedging" and Funding arrangements with third parties.
LAS VEGAS, Aug. 27, 2019 /PRNewswire/ -- GNCC Capital, Inc. (GNCP.PK) ("The Company" or "GNCC") advised our shareholders on August 21, 2019, see Press Release: https://www.otcmarkets.com/stock/GNCP/news/GNCC-Capital-Inc----Corporate-Actions-Demanded-By-Majority-Of-Companys-Shareholders?id=237967. The Company will be invested only in the Cannabis Sector by commencement of business next week. The majority of the issued and outstanding secured shares of Series "A" and "C" Convertible Preferred Stock, totaling $25.5 million are being cancelled.
LAS VEGAS, Aug. 21, 2019 /PRNewswire/ -- GNCC Capital, Inc. (GNCP.PK) ("The Company" or "GNCC") confirms that it is now in very advanced negotiations which will now result in an immediate and radical restructuring, including replacing the Company's Board of Directors. The Company's Directors, early last week, were approached by a number of shareholders holding secured shares of the Company's Preferred Stock that have now insisted upon immediate changes at the Company.
The GNCC Directors wish to stress that our not divulging any additional information today is that we deem it not to be in the best interests of our shareholders. Specifically, given our need to consummate this transaction(s) without any third party(s) interference.