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GNC News

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GNC Discussion

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newflow newflow 3 years ago
Sharing...check this OT similar to where we are at,little different.
On December 31,2010, the Company's stock records were closed and each
shareholder ofthe Company automatically became the holder of one unit ofbeneficial
interest in the Liquidating Trust for each one share ofthe Company's Common Stock
then held ofrecord by such shareholder. Atsuch time, all outstanding shares ofthe
Company's Common Stock were deemed cancelled. The shareholders ofthe Company
were not required to take any action to receive beneficial interests in the Liquidating
Trust.
The Company filed a Form 15 pursuant to Rules 12g-4(a)(l) and 12h-3(b)(I)(i)
promulgated under the Exchange Act with the Commission on January 5, 2011 to
terminate the registration of its Common Stock under the Exchange Act and to cease
filing periodic reports with -respect thereto. The Company determined it was eligible to
rely on these rules because (i) the Company no longer had any record holders ofits
Common Stock; (ii) the. Com.pany had timely filed all reports required by Section 13(a) ofthe Exchange Act during the three most recently completed fiscal years and through
the date that the Form 15 was filed; and (iii) no registratIOn statement relating to the
Company's Common Stock became effective during 2010, nor was any registration
statement previously filed by the Company required to be updated dunng 2010 pursuant
to Section 1O(a)(3) ofthe Securities Act.
Page 4/12
https://www.sec.gov/divisions/corpfin/cf-noaction
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macdwatcher1 macdwatcher1 3 years ago
This stock symbol is revoked... you can not trade this... the SEC form 25-NSE was filed on July 2nd... the SEC then gave 90 more days for this symbol to trade... then the symbol GNCIQ was revoked... I don’t like it neither... in my honest opinion I think that rule stinks... who does that rule really help? It doesn’t us shareholders... so again, who does this rule help? The answer is that this rule helps the short sellers of gnciq. Now the short sellers never ever have to worry about covering their short position. If you agree with my post then member mark me... also follow me on reddit... I am associated with stock kitty. Stock kitty is the mastermind behind the GAMESTOP short squeeze to try and wipe out short sellers of Wall Street. Short sellers are evil doers. And the SEC is in bed with the short sellers. EOM
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sharing4u sharing4u 3 years ago
newflow,
Thx for your reply.
I still have hope on GNCIQ based on your insight.
Please update us on any further info.

Much appreciation.

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newflow newflow 3 years ago
Sharing.. i still believe that upon complete dissolution of the estates shareholders might see something otherwise its easy for any corporation to file for BK,wipeout shareholders and dissolve the company,imagine if all the FANGS do that.I am still following the dockets.
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sharing4u sharing4u 3 years ago
newflow,

Just notice that 36191G107 was removed from my Etrade acct on 1-15-2021 due to expiry.

Do we still have hope for any future distribution?
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newflow newflow 3 years ago
GNCIQ changed to 36191G107 today in td."HOPE", LOL.
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Bust2191 Bust2191 3 years ago
Do you guys think we aa shareholders will gwt anything from this buyout. I saw our shares got delisted and are not trading anymore.
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sharing4u sharing4u 3 years ago
newflow,
Your posting is like the pilot light in a stove.
Please keep posting to keep it alive and turn up the fire someday.

Just pray that it does not need another year but in Q1 2021 and will pay at least $6-7 dollar each common share.

Thanks again!
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newflow newflow 3 years ago
Max 1 yr, they allotted $3 mm for wind-down budget.About distributions to equity its very unpredictable.IMO.
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sharing4u sharing4u 3 years ago
newflow,
Thanks for the info.
Do you have any idea on:
The time window for the closing of this chap 11 bk, wind down and possible distribution to equity beneficiary owner of GNC ?

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newflow newflow 3 years ago
Beneficial owners of the Debtors’ debt and equity securities

https://cases.primeclerk.com/GNC/Home-DownloadPDF?id1=MTUwNDg2Mg%3D%3D&id2=0

"For your convenience, except with respect to beneficial owners of the Debtors’ debt and
equity securities, "

"B. No Bar Date for Proof of Interest.Any person or entity holding an equity security
(as defined in section 101(16) of the Bankruptcy Code and including, without
limitation, common stock, preferred stock, warrants, or stock options) or other
ownership interest in the Debtors (an “Interest Holder”) is not required to file a
proof of interest on or before the applicable Bar Date; provided, however, that an
Interest Holder that wishes to assert claims against the Debtors that arise out of or
relate to the ownership or purchase of an equity security or other ownership interest,
including, but not limited to, a claim for damages or rescission based on the
purchase or sale of such equity security or other ownership interest, must file a
Proof of Claim on or before the applicable Bar Date. The Debtors have reserved
the right to establish at a later time a bar date requiring Interest Holders to file
proofs of interest. If such a bar date is established, Interest Holders will be notified
in writing of the bar date for filing of proofs of interest at the appropriate time. "
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newflow newflow 3 years ago
Thanks.
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moe2020 moe2020 3 years ago
are GNCIQ shares essentially value less?
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sharing4u sharing4u 3 years ago
Etrade
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newflow newflow 3 years ago
This cusip appears to be old GNC cusip.May be the ticker was replaced with original cusip number.Who is your broker?.
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newflow newflow 3 years ago
Sharing.. good to know that.I still see the ticker in TD.Good thing is CEO and a director bought shares around $8 /share if i am correct.I believe GNC has NOLs and other assets like Ireland GNC and Canada GNC with other subs which were not part of the sale.The equity was valued at $2.2 Billion and sold part of it around $770 million + $300 mm if i am correct.I am hoping at least a dollar/share.
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sharing4u sharing4u 3 years ago
newflow,

GNCIQ is replaced by escrow marker : 36191G107

What do you think about the value of this in terms of possible potential dollar value?
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newflow newflow 3 years ago
Is the ticker gone?.
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Pstats Pstats 3 years ago
GNCIQ delisted !
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Renee Renee 3 years ago
GNCIQ BK PLAN effective. All shares cancelled:

https://otce.finra.org/otce/dailyList?viewType=Deletions
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newflow newflow 3 years ago
CREDITORS AND EQUITY HOLDERS - 1129(A)(5) -PLAN IS EFFECTIVE SINCE 10/30
The Debtors Have Disclosed the Identity of Proposed Management,
Compensation of Insiders and Consistency of Management Proposals
with the Interests of Creditors and Public Policy in Accordance with
Section 1129(a)(5)


Section 1129(a)(5)
(i)The proponent of the plan has disclosed the identity and affiliations of any individual proposed to serve, after confirmation of the plan, as a director, officer, or voting trustee of the debtor, an affiliate of the debtor participating in a joint plan with the debtor, or a successor to the debtor under the plan; and
(ii)the appointment to, or continuance in, such office of such individual, is consistent with the interests of creditors and equity security holders and with public policy; and
(B)the proponent of the plan has disclosed the identity of any insider that will be employed or retained by the reorganized debtor, and the nature of any compensation for such insider.

https://www.law.cornell.edu
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Pstats Pstats 3 years ago
Worthless biggest 2020 disaster stock!
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newflow newflow 3 years ago
DISTRIBUTIONS TO CLAIMS & INTEREST HOLDERS
i (ROBERT A. DEL) believe that the significance attached to the Third-Party Releases by the Released Parties, whose support is indispensable to the Debtors’ restructuring, the substantial consideration provided by the Released Parties,and the distributions available to creditors and interest holders as a result of the support of the Released Parties all demonstrate that the Third-Party Releases are fair and necessary to the Debtors’ reorganization. It is my belief that if the non-Debtors sought to be released failed to support the Plan, it would not have been confirmed. Thus, there would be little likelihood of success of the Plan without the inclusion of the non-Debtor releases.
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medical veteran medical veteran 3 years ago
GNC making strides by closing down heavy burden rental space in malls/strip plaza's. They are shifting from low foot traffic in malls and renting space in heavy foot traffic stores. There is talk about an agreement between GNC and Dicks Sporting Goods, 2 Pitt based companies. They are also looking at space in CVS, Walgreens, Sam's, Costco and other companies where there is good synergy and high foot traffic. This is a very smart strategy and a major savings. It also appears they are getting online sales moving in a very positive direction. The sales are there $1 Billion plus and with reducing heavy laden rent expenses and renting space in heavy foot traffic with synergistic companies, it's a winning RX over time.
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MikeBK205 MikeBK205 3 years ago
Once the CHY-na based company buys with worthless pos all shareholder will be slaughtered ...

Rip. Commons.
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newflow newflow 3 years ago
yeah bought more.
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Doubleday Doubleday 3 years ago
This is going to be terminated any day now.
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newflow newflow 3 years ago
INTERESTS of creditors and equity security holders
18. Section 1123(a)(7) of the Bankruptcy Code: The Plan Supplement discloses the
identity of the Plan Administrator. The selection of the Plan Administrator is consistent with the
interests of the creditors and equity security holders and with public policy with respect to the
manner of selection of the Plan Administrator.
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newflow newflow 3 years ago
Plan Admin. - the sole equity holder of GNC Holdings Inc.
holder of GNC Holdings, Inc.
Section 1.2 Fiduciary. On and after the Effective Date, the Plan Administrator shall be
the sole officer, director, and manager, as applicable, of the Liquidating Debtors and the sole equity
holder of GNC Holdings, Inc. The Plan Administrator shall perform its obligations consistent with
the Plan, this Agreement and applicable orders of the Bankruptcy Court.

Docket # Doc 1400
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newflow newflow 3 years ago
F. Surrender of Canceled Instruments or Securities
On the Effective Date or as soon as reasonably practicable thereafter, other than with respect to
Allowed Claims in Class 1, each Holder of a certificate or instrument evidencing a Claim or an Equity
Interest shall be deemed to have surrendered such certificate or instrument to the Distribution Agent. Such
surrendered certificate or instrument shall be cancelled solely with respect to the Debtors, and except as
provided otherwise under the Plan, including the Debtor Release and the Third-Party Release, such
cancellation shall not alter the obligations or rights of any non-Debtor third parties vis-à-vis one another
with respect to such certificate or instrument, including with respect to any indenture or agreement that
governs the rights of the Holder of a Claim or Equity Interest, which shall continue in effect for purposes
of allowing Holders to receive distributions under the Plan and allowing the Convertible Notes Indenture
Trustee to exercise charging liens, priorities of payment, and indemnification rights. Notwithstanding
anything to the contrary herein, this paragraph shall not apply to certificates or instruments evidencing
Claims that are Unimpaired under the Plan.
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MikeBK205 MikeBK205 3 years ago
I mean I’m not surprised this scheme of a company is bankrupt ... after all nothing in this shop shows results, most body builders are all juiced up on roids!
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Pstats Pstats 3 years ago
.00 gnc will rock for now let this bleed out
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MikeBK205 MikeBK205 3 years ago
Wow. Congrats commons
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Pstats Pstats 3 years ago
.008 by end of week!! Ouch killer !!!
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Pstats Pstats 3 years ago
.00 can’t wait to flip this one on sub penny!
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Pstats Pstats 3 years ago
.07 ridiculous!!!!
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Bushmantrader Bushmantrader 4 years ago
I do not think Harbin has announced the new share structure or plans. I do not believe it was discussed in the bankruptcy filings. I think it only said they would own 100%.
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W3Research W3Research 4 years ago
BMT: Will this New GNC Company that Harbin controls be a public or private company? If Public, what is the new Ticker Symbol? TIA! ...

Bushmantrader Member Level
Thursday, 10/08/20 09:44:34 AM
Re: control it post# 902
Post # 903 of 913

Yep. Game over, contemplation or not. Assets are being transferred to New GNC of which Harbin owns 100%. The current shares will no longer have any assets, therefore they will be worth $0. Game over.
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Pstats Pstats 4 years ago
https://news.bloomberglaw.com/bankruptcy-law/gncs-bankruptcy-plan-approved-after-770-million-sale
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medical veteran medical veteran 4 years ago
I believe on Nov 22nd is GNC earnings release, that will give some glimpses of progress. This is still a billion dollar company that has a brand name worth 10 times or more the current stock price. All it has to do is make tiny progress and the stock will move. If your in this to make a penny or two up or down that's a different strategy. If you believe a billion dollar company has people with a half a brain to make the necessary tweaks to get this stock moving, that's another strategy. NO company has a magic wand that will turn things around in just a couple of months, it takes time to execute and it takes time for it to play out. If you don't have time then this position is not for you. If you have time, then to buy a billion dollar company for pennies as a solid speculation and you give it time to execute its strategy and some time to play out.
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Pstats Pstats 4 years ago
Not looking good for GNC this shit is dead. 185k volume and half a million shares on the ask below .09
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keatingdemo keatingdemo 4 years ago
I only have 50k shares im gonna hold and see what happens, no one even talks about gnc on here zero information
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sharing4u sharing4u 4 years ago
News out that Harbin and GNC cancelled the conversion contract of 299950 preferred shares to common and preferred was cancelled.

I lost faith in both companies and sold my gnciq position at a loss/lost.
I am not sure if I overreacted.
The share price is dropping and I expect it will be down to 5-6 cents prior to plan confirmation on 10-14-2020.

This board is too quiet now.
Question:
1. Is Harbin still holding 42% of gnciq ? Public info did not mention Harbin sold all gnciq.

2. Any more hope that Harbin will reinstate former GNC equity beneficiary interests?

Any help is appreciated.

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Pstats Pstats 4 years ago
Denied ! Time to move
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SC777 SC777 4 years ago
BK plan hasn't even been confirmed yet. Hearing not for another week.
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Pstats Pstats 4 years ago
I though this was going to rip!
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jem1 jem1 4 years ago
Oct. 07,2020 Form 15 De-Registration Filed.

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 15

CERTIFICATION AND NOTICE OF TERMINATION OF REGISTRATION
UNDER SECTION 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934
OR SUSPENSION OF DUTY TO FILE REPORTS UNDER SECTIONS 13 AND 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934.

Commission File Number 001-35113
GNC Holdings, Inc.(Exact name of registrant as specified in its charter)







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jem1 jem1 4 years ago
8-K out on Oct. 07,2020

"On October 7, 2020, the Company and Harbin Listco terminated the Stockholders Agreement in its entirety, without any continuing rights or obligations of the parties thereunder." Harbin has NO shares in GNCIQ.

"At the Closing, Harbin, indirectly through ZT Biopharmaceutical LLC, a Delaware limited liability company and wholly owned subsidiary of Harbin, purchased 100% of the issued and outstanding equity interests in New GNC." Harbin has 100% of the New GNC shares.

"The Plan also contemplates that all outstanding shares of its common stock and preferred stock will be cancelled under the Plan, with shareholders receiving no distributions thereunder."
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Bushmantrader Bushmantrader 4 years ago
Yep. Game over, contemplation or not. Assets are being transferred to New GNC of which Harbin owns 100%. The current shares will no longer have any assets, therefore they will be worth $0. Game over.
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control it control it 4 years ago
con·tem·plate
/'kän(t)?m?plat/

verb

1. look thoughtfully for a long time at: "he sat on the carpet contemplating his image in the mirrors" synonyms look at, view, regard, examine, inspect, ... more
? think about: "the results of a trade war are too horrifying to contemplate" synonyms think about, meditate on/over, consider, ponder, reflect on/about, ... more
? think profoundly and at length; meditate: "he sat morosely contemplating"
? have in mind as a probable though not certain intention: "she was contemplating a gold mining venture"



The Plan also contemplates that all outstanding shares of its common stock and preferred stock will be cancelled under the Plan
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