New letter to Ascent IR we are doing the work for our community r/gdcstonk
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To Ascent IR Dept./ GDC Investor Relations,
My name is Joshua Henderson. I am a retail shareholder of GD Culture Group and a contributor to an organized retail investor community conducting due diligence on the company's recent going-private proposal.
I have three straightforward questions that deserve straightforward answers:
1. Who is the independent third-party custodian of GDC's 7,500 Bitcoin, and can they provide written confirmation that the private keys are solely and unencumbered controlled by GDC on behalf of its public shareholders?
2. Who is the undisclosed BVI entity that committed to the $300M ATM offering, and why has their identity not been publicly disclosed to shareholders?
3. Can the Special Committee confirm that its members have no prior relationships with Zhang Binyang, Cui Runan, or any party connected to the Pallas Capital transaction?
I have already corresponded with Transhare, whose securities counsel confirmed in writing that these questions fall outside their jurisdiction and directed me to contact GDC directly. I am doing exactly that.
Finally, our community at r/GDCstonk has grown rapidly and represents an engaged and organized retail shareholder base. We would welcome the opportunity to host an AMA with a GDC or IR representative.
Transparency at this stage of the going-private review would go a long way toward building confidence among the retail investors who make up a significant portion of your public float.
I look forward to a substantive response.
Respectfully,
Joshua Henderson