Pacific Gold Corp fka PCFG

[Phred6]

The truth of the matter is that they didn't raise that much money. With the share price tanked the way it is they can't raise enough capital to meet current expenses. They've already defaulted on several notes and are using discounted shares(VWAP) to pay off some of their bad debt which only adds insult to injury. At this point bankruptcy is about the only viable alternative. Watch what happens in the next several months. Rob will sell off the notes that he and his shell company hold at steeply discounted rates. And once he is clear of that burden it will be off to bankruptcy court. The level of debt they're carrying is just too heavy. The had $2,020 cash at the start of the year. At the current share price of $.0004 one billion shares would yield $40,000. \V/_