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It looks like the re-listing may be able to be completed with the filing of a two page form, SEC form 211. If a firm did not file for de-listing, this form can request an exemption from re-listing requirements. The re-listing make take as little as 4 days.
http://www.otcbb.com/aboutotcbb/forms/formsindex.stm
http://webcache.googleusercontent.com/search?q=cache:loawPPC1jV8J:www.thelebrechtgroup.com/index.php/publications/tlg-publications/70-re-listing-to-the-otcbb+relisting+on+the+otcbb+how+long&cd=1&hl=en&ct=clnk&gl=us&source=www.google.com
They will need approval from FINRA before being re-listed. Don't know the time frame, I'll check to see.
Absolutely they did. The geo-tube supplier complained to them because they had numerous calls disrupting their business.
I still think it is more to cover their behinds in case someone claims they received insider info. We have a legal matter ongoing and there are unscrupulous individuals in the business world.
You and I see this exactly the same. PCFG is mitigating any potential damage by distancing themselves from any "insider info" others my provide. It's a smart play legally and gives them some hard copy they can show the "Feds" if any problems arise. They covered suppliers and gov't agencies.
Nice to see someone gets it.
Nice post.
How anyone could call this "polite warning" statement a threat is beyond reason IMO.
The Company would politely ask its shareholders to use caution if they attempt to directly contact Company suppliers and government agencies as this practice has the potential to cause damage to the Company's ongoing business relationships, cause increased expenses for the Company, and could expose the shareholder to material non-public information which would preclude the shareholder from legally trading the Company stock.
For not being "real", PCFG sure has you riled up.
Since you're cash, no one can borrow against you shares to short. Both types of accounts have their advantages.
Best of luck with PCFG.
Brokerages automatically set you up on a margin account. You have to request a cash account through the proper forms.
Margin accounts usuually allow you to borrow monies to buy additional shares. (depends on the stock you're buying)
Cash accounts allow you to buy only what your money covers.
Margin accounts close immediately after a sell and your money is available to buy other stock(s)
Cash accounts take several days to close and you cannot trade with the held money until they deem the transaction complete.
If you have a margin account, the shares can be borrowed against for shorting, even if you have them for sale.
The only ways to stop someone from shorting against your shares are to either hold the certificate or change your margin account to a "cash" account.
I spent several days with several brokerages figuring this all out.
It's tough to swim against the tide and the shorts are fighting a heavy undertow. People are hitting the Ask with regularity and keeping this in range. At some point, after the continued steady release of PR's pointing out the value here, they won't be able to hold this down.
Good companies kill shorts. Since last October's geotube PR, management has steadily executed everything they've PR'd. They're gaining credibility rapidly. They're holding the OS in check. They're adding gold bearing properties and getting ready for production. The mill, the concentrator, geo water separation system, manpower are all go. PCFG has the opportunity to be a very good company.
Time Price Volume Exchange
14:28:42 0.032 42000 OTO
14:23:26 0.032 88000 OTO
14:22:40 0.0319 12000 OTO
14:15:11 0.0319 15000 OTO
14:11:08 0.0319 11812 OTO
14:02:13 0.0319 15343 OTO
13:57:39 0.0319 30000 OTO
13:55:19 0.0319 5000 OTO
13:44:30 0.032 5000 OTO
13:39:19 0.032 5000 OTO
13:34:14 0.032 5000 OTO
13:34:14 0.032 5000 OTO
13:27:03 0.032 742 OTO
13:26:57 0.032 2000 OTO
13:13:46 0.0315 8333 OTO
13:13:34 0.0315 20000 OTO
13:13:23 0.0315 28334 OTO
13:13:20 0.0315 28333 OTO
13:12:15 0.0319 5000 OTO
13:12:14 0.032 5000 OTO
13:11:37 0.0319 15000 OTO
13:09:19 0.032 80000 OTO
13:09:12 0.032 59279 OTO
12:31:55 0.0319 22500 OTO
12:10:43 0.0315 20000 OTO
11:56:05 0.0319 80000 OTO
11:27:02 0.0319 2500 OTO
11:12:07 0.0319 95000 OTO
11:06:46 0.0315 20000 OTO
10:48:43 0.032 7000 OTO
PCFG is a real company and doesn't need the nonsense of a temporary pump from promoters. Just let them continue to execute their business plan and we will rise in value.
A little bit of patience will provide some huge returns here IMO.
So, we have "mine personnel" already on site and they expect to have the modifications completed within three days. Looking very good!
Quote:Company Management, mine personnel and a corporate permit consultant were all present on site.
How can anyone who did not attend the ASM even pretend to qualify which is the most accurate of reports on the meeting?
How can any of us who did not hear and see any ASM presentations give grades on the merits of the feedback?
It is laughable pretending that we can.
IMO, all we non attenders can do is take the entirety of all the reports and compare the information received for repeating themes to
ascertain a semi-accurate version of the event.
It is very disingenuous to pretend otherwise.
Perhaps it would be wise if we didn't believe everything we read on the Internet, eh?
Me thinks some here today are fishing for shares after a flip. There's different ways of playing Penny's and that is certainly one way of doing it.
Ten days left in the month of June....tic toc. The last PR said the work would be complete in June.
Trapper Jim has been a very stand up poster and he put his reputation on the line by stating the NDEC visited PCFG making sure they are getting their refinery system up to specifications.
I may not believe everything I read on the Internet but I believe Trapper Jim.
Sure does, good point!
Compared to Libyan sweet crude oil, much more. Compared to JBII pre-refined crude exponentially more.
Here's an article showing Saudi sour oil issues.
http://www.marketwatch.com/story/iea-warns-of-sweet-crude-shortage-without-libya-2011-06-16
We're discussing the overall cost of producing oil in Saudi Arabia.
One cost area in producing oil is the actual extraction expenses.
Please note, other than oil, Saudi Arabia doesn't have much else economically. They subsidize their job market through make work projects to keep their citizens employed. Those subsidized costs are directly added to the sales of oil. READ THE ARTICLE, it you want to understand.
The article, which was written in late April of this year, shows why
oil production costs in Saudi Arabia, the worlds largest oil exporter are going up and why they in all probability won't go much lower.
You're wrong on the extraction costs for Saudi Arabia. The article you quote is incorrect. Also, you forget the economic subsidies that they've placed on the price of oil:
Saudi Arabian Oil: Breakeven Price Rising
April 26th, 2011
Saudi Arabia, one of the world’s top oil producers, is also the largest economy in the Middle East. We all know Saudi Arabia is sitting on massive reserves with oil production coming from giant oil fields where it probably costs less than $20 to produce 1 barrel of oil. However, it would be a big mistake to consider the extraction cost as the price required to break-even.
Saudi Arabia was one of the countries that bought peace in order to avoid social unrest. This “peace” is represented by a $125 billion spending program which amounts to 30% of GDP. It’s a domestic fiscal stimulus in order to tackle high unemployment amongst the national through a massive public investment program which includes building new cities, ports and expanding their oil production capacity.
“The break-even oil price the Gulf kingdom requires to balance its budget will jump from $68 last year to $88 this and then $110 in 2015, according to new estimates by the Institute of International Finance, a leading industry group.”
These numbers are very interesting as they set an invisible floor under current oil prices. As Saudi Arabia’s spare capacity decreases due to increasing domestic oil consumption, high oil prices will be more than welcome by the Saud family not only to sustain their domestic spending program but also to make up for the dollar devaluation thanks to Ben’s printing press in the US. After all, oil contracts are settled in US dollars. On the other hand, strangling the golden laying goose is to be avoided at all cost by making sure the price of a barrel of oil does not endanger the global economic recovery (i.e. they will talk the price down every now and then).
So we get several variables supporting high oil prices into the foreseeable future:
Continued USD weakness
Turmoil contagion risk still present in the MENA region
Increasing demand to be met with supply from more expensive sources
Increasing breakeven prices required by several producers for “budgeting needs”
An abundant and cheap source of energy is not yet available to replace oil.
This does not mean oil will never revisit $40 a barrel again. Keep in mind that oil is a global commodity that impacts every business/product out there one way or another. Any economic jitters on a global scale will immediately impact the price of a barrel of crude.
http://www.beatingtheindex.com/saudi-arabian-oil-breakeven-price-rising/
http://m3financialsense.blogspot.com/2011/06/oil-is-powerbut-power-is-not-oil.html
Vu1 Corporation Announces $4.1 Million Financing
9:15a ET June 17, 2011 (PR NewsWire)
Vu1 Corporation (OTCBB: VUOC), a developer and manufacturer of mercury-free, energy-efficient general illumination lighting technology, today announced that it has entered into a definitive securities Purchase Agreement with several accredited institutional investors for the purchase of $4,117,750 of convertible debentures for an aggregate purchase price of $3,500,000. The closing of the sale of the debentures, under the Agreement, is anticipated to occur on June 21, 2011, subject to customary closing conditions.
The debentures have an original issue discount of 15% and mature on the second anniversary of the issue date. Under the terms, the debentures are convertible, in whole or in part, into common stock at a conversion price of $.55 per share and may be forcibly converted by the Company in the event the closing bid price for the common stock has traded at more than $1.50 per share for a period of ten consecutive trading days, provided that such underlying shares have been fully registered.
The Company also agreed to issue to investors five-year common stock purchase warrants to purchase up to 3,734,409 shares of common stock at an exercise price of $0.65 per share. Pursuant to a Registration Rights Agreement between the Company and the investors, the Company is required to file a resale registration statement within 30 days that covers the resale of the underlying shares of both the debentures and shares issuable upon exercise of the warrants.
"The response from the institutional investor community to the Vu1 story is very encouraging," commented Dr. Scott Blackstone, President and Chief Executive Officer. "We continue to see solid interest for our Electron Stimulated Luminescence(TM) (ESL) lighting technology because consumers are demanding more from their lighting choices, and with our technology, they get all the benefits of energy efficiency but no longer need to compromise on light quality."
This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities. The securities offered and to be sold in the private placement have not been registered under the Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States absent registration, or an applicable exemption from registration under the Securities Act and applicable state securities laws.
Rodman & Renshaw, LLC, a subsidiary of Rodman & Renshaw Capital Group, Inc. (NASDAQ: RODM), acted as the exclusive placement agent for the transaction.
About Vu1 Corporation
New York City-based Vu1 Corporation is dedicated to applying its technology to produce energy efficient, environmentally friendly lighting solutions worldwide. Vu1 has developed a new energy efficient light bulb to provide the consumer market with the first affordable, non-toxic light bulb with features consumers are demanding and not receiving from existing products. Learn more about Vu1 at www.Vu1.com. For the latest news, find Vu1 on Facebook and follow us on Twitter.
For investor inquiries, please contact Michael Polyviou at (913) 789-9978. For product and sales inquiries, please contact Chris Reilly at (704) 929-7872.
CSTI, Collins Stewert and Nite are both big retail MM's. CSTI works heavily with Ameritrade transactions. With both MM's off the lower Ask, one would have to think most of the flippers have left. We will see about 3:45 EST when the last of the day traders leave for the day, IMO.
Very nice day. 3,118,997 shares out of the accounts of flippers and short term folks and into the hands of people who consider this a good entry point. Consolidation is always good when looking for a long run.
Also, gold is trending upward as the U.S. dollar weakens. When countries like Greece have financial problems, gold goes up. Gold has always been the de facto hedge upon which the world relies.
LOL the fake wall is back at over 1 million shares.
Gold to Reach $5,000 Due to Supply Shortage: Report
"Standard Chartered recommends that clients buy shares of smaller gold miners to get the most upside from its prediction but also said clients could buy physical gold and gold exchange-traded funds."
The paragraph above is the last paragraph in this CNBC article:
http://www.cnbc.com/id/43396080
Nice post. Mitch and the BoD do indeed hold most of the shares of PCF. That is a fact that cannot be argued. Unless the BoD sells out, they are going nowhere.
If PCFG begins producing gold soon and solid income follows revenue, the negative posts about Mitch will appear less frequently.
Management has certainly put a lot of time and effort into procuring property, permits, loans and equipment. They've also updated many of the SEC required financials and resolved several debt issues.
Some still claim they've done all this work to just let everything sit.
You didn't finish the story. Why don't you also tell everyone why they quit mining in 06. Was it voluntary or were they forced to halt processing?
We're the 7th most read board on Ihub today, people are at least watching. Someone just bought 100K and we're 65K from eating all the .0277's. Tick tock tick tock.
Wow, they really want to hold this in range. I guess we wait for production news and valuations. Production news should be very soon.
LOL, nice. BTW, only 293K on the .028 Ask. We're taking it down!
It isn't just this PR, you look at the last 10 or so and they state the OS every time. They are going overboard to be transparent.
Too bad some here don't see what is actually happening.
It isn't Nite, its our flippers that sell through Nite want to keep this in range. At some point they'll exhaust their shares.
A slow and steady chew through the .028's. We started at around 700K and we're down to 348K. At some point, we'll exit this "flipping zone" and make some more dynamic price moves. We'll also lose some of the "excess baggage" that has held us in this price range.
One has to think its someone who is unaware of current events that picked up shares in the basement. If so, they're unloading at a nice profit level but missing the big move that will come.
The size of the .27 ask has gone from 1.4 million shares to 28K. The bid at .265 is strong with 764K. It looks about ready to move up IMO.
Already marked these:
"stamplicker123
Share
Wednesday, June 01, 2011 10:49:39 AM
Re: ScotiaNostra post# 44662 Post # of 45704
just hit .0226!!!! up next .022!!!!!!!!!!"
Best of luck getting your shares the next few days hd!
You couldn't be more transparent. If you need shares, hit the ask.
I bought 100K at .023 and 100K at .024 while you sat at .0215 and .022 waiting for the drop. Seems my buy at the Ask theory because news is on the way may have been better than your bottom feeding theory.
You really should do some reading, rather than rely on the posts and opinions of other people.
746 million shares is a mid range for OS's in penny stocks. Some have billions out and some less and 100 million. Like any big board stock, earnings will drive the price. In pennyland, PPS multiples come far more quickly.
They have half a million in loans they just received. This is one of the main reasons, most here think we are very close to production. Now they must report to the investors who funded the loan at 10% as well as to the shareholders.
http://www.pacificgoldcorp.com/news110328.html
Another half million in funding should be coming from a a property they sold, Pilot Mountain, to Blackfire Minerals out of Aussieland in the next few months. It could be up to as much as $3 million in the future.
http://www.pacificgoldcorp.com/news110214.html
http://www.pacificgoldcorp.com/news110512.html
Is there someone on the board that has some detailed info on the feeder PCFG pr'd back in 2005. My questions are, is a VFG the same as a vibrating grizzly feeder or is it different? Also, how much more than 2000 yards per day can the VFG process?
I can find quite a bit of info about VGF's, vibrating grizzly feeders but not much on VFG's. I assume Foxwood has some info regarding this equipment & would like to know more. Thanks.
"Pacific Gold Corp.'s new VFG system will be used at the Nevada Rae Gold, Black Rock Canyon mine located in north-central Nevada. The VFG will allow the mine to process more than 2,000 yards of gold bearing gravels per day. Additionally, PCFG purchased six new conveyors to assist with automation of the Company's screen plant, and decrease operating costs. The purchase of equipment for Black Rock Canyon is now nearly complete."
Ref: Post 44859 Quote "i think we will get it..its a huge sell off!!! maybe i just go @ .02"
What is it you don't understand about the last PR where they gave a firm time frame for repairs leading to gold production. They have startup capital. They are doing final repairs that will finish IN JUNE. Please note, it's June. They have a specialist hired to work specificaly with the NDEC. Their concentrator has been built for 5 years. The geo-tubes have been calibrated. Their financials are rapidly being completed.
Why do you ignore the continued rise in gold prices? What do you not understand about the effects of QE1 & QE2 on inflationary processes and continued pressure on gold prices to rise? What happens to the value of mining firms when gold prices rise?
If I had listened to you and waited for the price to dip to the .0225 range you predicted, I'd have to pay over $500.00 more for the 250,000 shares from last week and this week.
Please show me where shares were sold at .0225 today. Lowest I saw was .0247:
Time Price Volume Exchange
15:59:29 0.026 50000 OTO
15:58:46 0.026 10000 OTO
15:41:21 0.0259 10000 OTO
15:38:13 0.0259 9000 OTO
15:36:15 0.0252 35013 OTO
15:36:05 0.0252 5000 OTO
15:35:57 0.0252 40012 OTO
15:34:02 0.0252 50000 OTO
14:59:04 0.0252 52500 OTO
14:55:24 0.0251 30000 OTO
14:35:49 0.0251 3000 OTO
14:34:20 0.0252 2500 OTO
14:34:17 0.0252 25000 OTO
14:30:43 0.0251 53300 OTO
13:57:59 0.0251 23000 OTO
13:37:34 0.0252 22500 OTO
13:37:11 0.0252 22500 OTO
12:32:46 0.025 23000 OTO
12:21:32 0.025 10000 OTO
12:13:03 0.0252 25000 OTO
11:50:25 0.025 800 OTO
11:44:34 0.0252 50000 OTO
11:41:36 0.025 27000 OTO
11:11:52 0.025 43000 OTO
11:11:36 0.025 20000 OTO
10:59:03 0.025 10000 OTO
10:58:02 0.0248 50000 OTO
10:54:13 0.025 40000 OTO
10:51:02 0.0248 25000 OTO
10:50:59 0.0248 100000 OTO