That's funny....brings back fond, well at least now, memories of those days.

Is there even an end game to bulls#!t these guys have done and could be planning?

Wish I could figure it out to get back my money....

MUX has become what I had hoped it never would...a fractionally traded penny stock....

So much for those lofty goals of inclusion in the S&P in the near future.

Guess the fall continues until merit and confidence can be re-established that this is just more than a "speculative" gold producer.

Funny....took me back to those days when optimism was abound and hope was aplenty!

Nice seeing some of the familiar names around.

I can tell you wants been more fun....reflecting on the drive to work every once in awhile why this 'seemed to be to good to be true' golden nugget turned in the smelliest life's financial lesson I've had to learn to-date.

Good one, is this stock a good buy....

Nice to see you're still around!

Sad, isn't. It's almost the anniversary of when the sh%t started to hit the fan last year with the massive selling and bringing the price down into to the penny range, then in September the upper double zeroes and low penny, then October mid doubles and ultimately on 11/09 when the free fall began after the, we are shutting down for six months to get things straight....again.

I'll never forget this one...so MUCH potential in 2011 to absolute sh%t now.

I guess that's where I'm different.

Landau changed his tune when the realization occurred that he was going to loss his million plus dollar debt repayment.

As you are, I was. I was content to lose my money. Every penny....and did. Look back, if you can. I wrote it a long time ago when I had cause to believe that if they failed, WE ALL LOST.

But that turned out to not be the case, we lost and they didn't.

I was not content watching Landau mitigate every risk we assumed by participating in self-dealings.

So...if Landau was able to recover a SIGNIFICANT portion of his money through MY mis-placed trust, that's a problem.

I'm not stupid, if he lost his money, I'm am perfectly content losing mine...which I did....and through HIS POSITION he was able to recover his.

That's not right.

So I ponder my options, our options.

The difference between a civil case and criminal case depends on the order they occur.

If a civil case is filed first, the preponderance of the evidence would have to suggest wrong doing, a much lower standard which doesn't necessarily mean a criminal case could be won.

If the criminal case is file first, beyond all reasonable doubt would need to be met. If it was, a civil case by virture of the criminal case is a slam dunk win.

I too want these white collar criminals to pay for their actions...but the odds are they never will criminally. Yet finding the right civil lawyer to file a class action would probably hurt them just as much.

Nothing worse then thinking you got away with it just to have it all taken away.

The evidence is in every filing.

The premise is Breach of Fiduciary Responsibility.

Check out this: Shareholder Derivative Litigation against Sun River Energy Officers and Directors

It's very clear that Landau has personally benefited due to his ability to control both sides of his negotiation as a debt holder and executive.

Good article: Breach of Fudiciary Responsibilty

The unfortunate aspect is that individually we really don't have a case, since lawyers don't really deem a loss of $10,000-$30,000 enough to fight for since they really don't have any "meat on the bone".

Only a class action lawsuit brought on by shareholders will at the very least recover something instead of nothing.

The information that gets released confounds me.

The forecast for 2016, two and a half years away from starting and three and a half from completing was lowered.

Yet today, a new release stating they continue to expand along with new results that show higher silver grades.

So...the news release yesterday LOWERS production estimates years down the road yet suggests that HIGHER production should be coming down the road coupled with their desire to continue to expand El Gallo 1.

Confusing, to me.

The agenda seems clear with that one...so why even try? This is the same song and dance to get others to dump money in praying something happens.

Somehow, someway, Landau needs to be put through the ringer with how this has turned out.

One things for sure....it's not like they don't know how.

If memory serves, those preferred shares are convertible at a rate of 100 common to 1 preferred when it comes to voting rights.

If they issues themselves the preferred shares still doesn't seem like enough....but will most likely be enough since they will get that unrelated 3rd party to vote with them.

I'm waiting to see how they wrestle control by using their back pay if they are already maxed out on the share count.

Gonna be hard to get anywhere near the 50% unless they have some entity in their back pocket.

Yes a lot of us were.

Quite a few of us followed this starting in 2005. Every company starts somewhere. A major difference between this company was that it had mill that was built and had RECOVERED gold before shutting due to recovery issues.

So a couple of years ago they resolved their Yorkville debt and the geotubes seemed to be the answer. In the July of the following year they began recovery and the market cap reached an amazing $50,000,000 plus!!!!

And then.....the wheels fell off and history repeated itself and here we are.

So....sad that this ended this way.

Even more so that our capital investment laws don't really protect investors UNLESS OUTRIGHT FRAUD can be proved.

The downside to proving it.....requires a lawyer.

Your right. Something should be done and hopefully the contact that you and hckyguy have will curtail this bull from happening again and again.

You wouldn't be the only one with those choice words.

No siree.

Gotta hand it to them though, absolutely NO shame.

None whatsoever.

What a ride since 2007. I should have made some better decisions after the November 2011 10-Q and the beginning of the VWAPing. But up until then, in my wildest dreams, didn't think we'd be seeing this.

I've been pondering the same move.

My target has been if the Dow hits 15,000, that's what would make me think that sitting on the sidelines would safe.

Yet I ponder what the future value of the Dow could and/or may be.

Looking back a 100 or so years, the Dow peaked at 381.17 in the late 1920's bottomed out at 41.22 in the early 1930's.

From the mid 1950's until the early 1980's the traded in the range of 500 to 1,000.

Dow Chart from 1900 to present

Here's an article from March 2012 that keeps the devil in my from going to the sidelines: Dow 116,200 by 2046?

What, ultimately, becomes the metric for the short-term barometer of the Dow to avoid the painful corrections that history supports will happen versus what seems to be a value of long-term growth that just seems....unachievable?

If they haven't changed anything, they can continue with the set-up they have.

I guess we'll all find out soon enough.

First quarter filings are due on Wednesday, 05/15/2013.

Assuming they extend, they'll get an 15 extra business days which puts the filing date on Tuesday, 06/04/2013.

That was the Landau and Geisler share conversions for unpaid salaries and un-reimbursed expenses to control the upcoming shareholder votes.

Now those shares are represent a paltry 36,800,000 million shares of the currently billions outstanding.

Yeah...they knew something alright...how to keep their asses in control as the condition of the company was going to pot.

Guessing whatever rabbit they have up their sleeve to get their next batch of unpaid salaries and un-reimbursed expenses will be just as awe inspiring.

And when it comes to the 2¢ conversion price, nothing, absolutely nothing has stopped them from modifying the terms to the advantage of the note holder in the past. Nothing.

It may be a good thing, but to me, they've lost every bit of credibility they had in November 2011 when the began VWAPING THE HELL and AGREEING TO MODIFY THE TERMS OF DEBT TO THE BENEFIT OF AN UNRELATED THIRD PARTY!

Exactly what I want to know.

Who is the third party?

And why exactly were they allowed to ask for a change in how the notes were going to be converted along with the VWAP?

You have almost what Geisler has...17,144,211.

History is the best indicator of future actions, see below.

Date            Post Reverse    Pre Reverse 
 04/11/13	1,233,410,874 	24,668,217,480  
 03/28/13	921,566,355 	18,431,327,100  
 12/31/12	144,770,119 	2,895,402,380  
 12/31/11	38,768,733 	775,374,660  
 12/31/10	37,186,632 	743,732,649  
 12/31/09	18,273,515 	365,470,296  
 12/31/08	8,035,020 	160,700,394  
 		 
 Date            Geisler         Landau 
 04/11/13	17,144,211 	31,798,501  
 03/16/12	4,928,275 	7,754,053  
 07/06/11	4,931,400 	7,757,503  
 

Past history suggests...they will NEVER BE DONE DILUTING AND PERFORMING REVERSE SPLITS.

My wife and I began investing in PCFG in April 2006.

Right before the take off in 2010 we had 1,350,000 shares at an average cost of 0.0040ish. During the ride up to 7¢ we researched, we watched and we could not find any reason to NOT believe that they were FINALLY getting their SH#T together and start mining.

Slowly kept adding between 11/10 through 12/10 and got up to 1,837,500 shares at an average cost of $0.0070ish. Still during this time in 2011, NOTHING SUGGESTED that they were not on the up and up. It reached 8.4¢ in 08/11. They published the second quarter results from 2011 and gave a plan for the third quarter.

My wife and I considered this an opportunity to put our money with something that even our own DUE DILIGENCE had troubling refuting.

After that plan was out in August 2011, the wheels FELL OF THE BUS. Accidents, equipment delays, with a FLUFF share buyback announcement. Then November 2011, the AXE FELL. They are VWAP'ing the crap out the shares, we are adjusting terms, we are shutting down, etc.

Then in early 2012 they are tweaking the mill, a visit by a board member, ZAPPITO I think, caught the mill running and put it on YOUTUBE. They had their first conference with updates and answering questions.

WHO WOULD HAVE THOUGH BAD THINGS WERE HAPPENING, except maybe the POSTER NOBODY.

So, here I am, which I have said before, with my share count post reverse split.

These are not bashes, these are the realities.

Geisler and Landau are winding this down.

Their ownership is probably less those who keep saying they are buying the MILLIONS of shares being traded each day. Think about that...people on this board PROBABLY OWN MORE THAN THE TWO RUNNING THE COMPANY.

Seriously though, the possibility of this EVER being run by these two are probably 0.01%.....

How was it better than expected?

First, the dilution is rampant. They have 1,766,589,126 remaining. Since most of the dilution has been to pay off debt transferred to the mysterious un-related third party (yeah right) at a VWAP discount to current trading, assuming EVERY sub-penny dilutive share sold at $0.0006 (and assuming back salaries are not converted) will possibly only net them around a $1,000,000.

Date            Post Reverse    Pre Reverse 
 04/11/13	1,233,410,874 	24,668,217,480  
 03/28/13	921,566,355 	18,431,327,100  
 12/31/12	144,770,119 	2,895,402,380  
 12/31/11	38,768,733 	775,374,660  
 12/31/10	37,186,632 	743,732,649  
 12/31/09	18,273,515 	365,470,296  
 12/31/08	8,035,020 	160,700,394  
 		 
 Date            Geisler         Landau 
 04/11/13	17,144,211 	31,798,501  
 03/16/12	4,928,275 	7,754,053  
 07/06/11	4,931,400 	7,757,503  
 

Gotta give it to them....they moved 311,844,519 into "retail" hands from 03/28/13 and 04/11/13, 8 trading days.

Also notice how Landau/Geisler have no skin in the game. Geisler only owns 2.0% and Landau owns 3.5%.

They are slowly and methodically winding the beotch down getting their debt converted to the mysterious third party noteholder at the favorable VWAP rate.

How disappointing....

Better than expected....uh-huh.

Wish I had called the ball with PCFG at 8.4¢ like I did with this one when I got out on 04/01/2013 at 22¢.

Unfortunately, it's not that low anymore.

As listed on the website it is now 629,627,119 with the updated 3,000,000,000 authorized shares.

And yes...it is post reverse split because the pre-reverse split balance would have been the equivalent of 12,592,542,380 which would have been 7.5 billion over the authorized shares of 5,000,000,000 at that point.

As history would suggest with Landau/Geisler, they are not done diluting.

At this point they have lost their majority position.

The good news is that their salaries are being accrued every week.

The bad news....they will convert their back pay into shares of the company at a discount to the then current trading price to regain majority control.

It's going to happen because if they don't, they won't be able to increase the authorized shares and perform another reverse split with they are ready with the next scheme to try to get the gold out.

Here's some perspective.

The highest market capitalization was in August 2011 peaking at approximately $63,000,000. Landau/Geisler owned around a combined 45% or had a paper net worth of 28.7 million dollars. Sad how they began fleecing shareholders with VWAP after VWAP.

Today's market capitalization, around $440,000.

What a shame.

A whole new perspective is at work right now.

The newest of those buying look at this a probable "to da-moon" because the history tended to support it.

What is lacking is the perspective you tried to bring in your posting, which is based on our painful history with PCFG.

And since history tends to repeat itself, here is a glimpse of what is to come based on the last time they had toxic financing and had to go dark for awhile.

1. More dilution to meet their funding goals.
2. Salaries that have been accrued being converted into majority ownership, again, and possibly at a discount to market prices.
3. VWAP debt conversion which favor the theoretical unrelated third party....(yeah right...unrelated my a$$)
4. In a year or so, a new process designed to get the teeny, tiny gold grams out of the ground, which starts a whole new round of hype with the outstanding shares at that point knocking at the 3,000,000,000 authorized share count.
5. Since they will have majority control, they'll simply increase the authorized shares, like last time, and then do some more funding.

As Edward Burke said, "Those who don't know history are destined to repeat it."

The fiscal year-end is just letting everyone know when it happens.

Besides, the number pre-reverse was in the +2 billion shares.

Still doesn't mean the number they posted on the website is the most up-to-date number though.

It use to mean something. A note is done. Terms are agreed to. That $0.02 is about as worthless as the "paper" it was put on. The "note holder" will sell to an "unrelated" third party with a VWAP feature then agreed to by management.

Landau/Geisler, in my now 5+ years of experience in watching their tomfoolery, have ABSOLUTELY no credibility to me. Zilch.

I'd even go so far as to say, yelp they're lying, they know that this money will be sold to an "un-related" third party...but that would be plain wrong for me to question their intentions....huh?

I agree with your assessment on how the positive news seems to have no impact.

However, until these new discoveries and/or higher grade sources start to add to the bottom line, it's just words on paper.

I'm as excited as the next person for the long-term prospects, but until the gold is extracted, the short-term prospects don't seem as exciting. In the short-term the capital expenditures to get the gold out seems to be biggest hurdle.

Surely you kid. They'll eff this one just as easily as the other.

I've posted this a couple of weeks ago...

Take solace in knowing that you're not the only one this happened to.

And you, my friend, are not alone.

Not only money, but 7 years. I would have rather lost the money in months instead of seeing the phoenix rise again to ultimately burn itself out....again.

Looking back at the 8.4¢ day (post reverse split of $1.68) in the middle of August 2011 and pondering my decisions, even now, I still wouldn't have changed a thing about my decision making.

We were all making decisions based on what we believed was good information from executives who owned a combined 40%-50% of the approximate 800 million outstanding shares (can't remember now what the percentages were).

We all thought surely they have learned their lesson from the Yorkville financing deal. We all thought they had finally gotten their act together and found a viable mining process.

How wrong we were.

** sigh **

What we thought had so much potential, turned out to be a bad business model built upon a recovery method that just hasn't been proven to work.

Less than a gajillion.

And you, my friend, are not alone.

Not only money, but 7 years. I would have rather lost the money in months instead of seeing the phoenix rise again to ultimately burn itself out....again.

Looking back at the 8.4¢ day (post reverse split of $1.68) in the middle of August 2011 and pondering my decisions, even now, I still wouldn't have changed a thing about my decision making.

We were all making decisions based on what we believed was good information from executives who owned a combined 40%-50% of the approximate 800 million outstanding shares (can't remember now what the percentages were).

We all thought surely they have learned their lesson from the Yorkville financing deal. We all thought they had finally gotten their act together and found a viable mining process.

How wrong we were.

So, here we are, watching the circus sideshow of chart analysis and this is gonna pop anytime now.

** sigh **

What we thought had so much potential, turned out to be a bad business model built upon a recovery method that just hasn't been proven to work.

Very good point. Buy on the company on the cheap. Get control of the company. Modify the agreement, since they would control the company and in the process get a shed in the middle of nowhere, all the claims along with saving a couple hundred thousand dollars. You're right, sound almost like a good deal.

Actually they get 90 days since it's the fiscal year-end, so the yearly won't be out until 04/01/2013.

With that said, I'm thinking we get a press release that says due to limited funds they will be unable to continue to stay current with the SEC. They will, however, continue to report material events as they arise.

I say the odds are low...but then again with the small amount of money that has been added to the company's coffers, maybe it will be used to pay for the audit.

Amazing how history repeats itself....wish I had learned that when the PPS was 0.0840 or the now equivalent $1.68 per share.

November 2009 Letter Informing SEC Regarding Filing Status

Exactly. Otherwise they lose control of the company. My guess is they convert their salaries when they know that it's time to move forward with whatever eff'd up vision they have.

You're not the only one.

Functional mill, yes.

The ability to get gold out of the ground, questionable.

I am by no means an expert...but it stands to reason that if Barrick down the road is using a different process to extract gold from the same land, then maybe PCFG should use the exact same process.

Otherwise, it's just a tin building in the middle of the dessert that tries to get gold out of the ground using a method that doesn't look like it's working.