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fox, technically it is dilution - the point no one is seeing is that the dilution (decrease in shareholder value by the issuance of additional share) IS balanced by the decrease of the company's debt, thus increasing the value of the company which props back up the value of the shares.
I'm sure that it was purely accidental (wink wink) on your part - thanks for letting us all know you were incorrect!
Good advice Chase, I plan to do EXACTLY that!
Please DO call your broker tomorrow, and be SURE to let us know what you discover. There is NO evidence that PCFG is chilled, and your assumption of the facts involved implying that is questionable at best. Suggest all do their own DD to view the evidence that this claim is totally unfounded. Zecco has not traded this stock in quite a while, if a DTC chill was in effect it would have affected ALL brokers!
These allegations are totally unsupported! The stock has been freely traded with the exception of Zecco - do you have ANYTHING to support these observations??
Please provide ANY proof that the stock is DTC chilled when it clearly is not and was traded freely today!
The point which you are arguing is right there in the first part of the very example you gave to prove it incorrect!
nobody3, I feel VERY comfortable in saying that there is NO "dulition" going on at PCFG!!
I just did a 5k test buy to be sure we're trading and it went right through.
I believe that scenario only works if the dividend is a cash one. If the dividend is a stock they cannot simply pay for it and continue to hold the shorted shares.
Wolverine1997, with a margin account you CAN buy without money in your account, but only on "marginable securities". This should help clear it up for you.
Definition of 'Margin Account'
A brokerage account in which the broker lends the customer cash to purchase securities. The loan in the account is collateralized by the securities and cash. If the value of the stock drops sufficiently, the account holder will be required to deposit more cash or sell a portion of the stock.
Investopedia explains 'Margin Account'
In a margin account, you are investing with your broker's money. By using leverage in such a way, you magnify both gains and losses.
Read more: http://www.investopedia.com/terms/m/marginaccount.asp#ixzz1vniDx5V1
Revenues are absolutely meaningless unless there are net profits. What happened to "cash flow positive"??
LOL, do you have any idea they each have invested in PCFG??? Having put my personal money into my private company I totally respect what they have done for the benefit of all of us limited investors!
How is taking personal money to help fund a public company serving 2 masters. The guy has a ton of money and he's in PCFG knee-deep - he's not going to let it fail!
Absolutely NO idea what you are trying to say here!?
I did it at .08, thank goodness!! Took the 10k hit but way better than holding worthless CBAI shares. One conversation with the former CEO and I saw through him and bailed.
Something to keep in mind is that the note was not his personally, it was loaned from a company he owns. Presumably that company has needs as well, and he has a fiduciary responsibility to it also, as it is not a public company and the fact that he used those funds to keep PCFG alive in the dark years is quite admirable IMO!
I just changed my margin account to a cash one, which means one of the MM's needs to come up with 4 million shares pretty quickly
Must suck when there is SO much effort put into putting negative info out there and PCFG closes up 15%
OMG, perhaps you meant "fait de compli"??
Wow, you've been with PCFG for 2 whole years? That is awesome!!! Nice to have you on the board!
Clearly they already are mining, and as per management they will be operating at a profit "soon". Let's hope that means in Q2!
Once again, solid business decisions by PCFG management!
Sounds like a good business decision to me - retiring debt!
Any FACTS are welcomed!!
Please give ANYTHING to support that hypothesis of what was presented in PCFG's 10-Q.
That is absolutely a lie! The CC was recorded, please give exactly where this statement was made. I believe the accurate quote is that we would be profitable "soon"!!
By end of business today they'll need to file the NT.
EDGAR link for those who want to check PCFG filing status on their own today.
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001137855&owner=include&count=40
I asked a valid question but you provided no answer?
Wondering, since you claim to have this inside track - did your friend tell you he was resigning today? Not many CEO's of thriving company's who are CASH FLOW POSITIVE and RUNNING ON THEIR OWN JIUCES resign. Just sayin I'll stay tuned!
You DO realize that NAKED short selling is illegal, right?
http://www.investopedia.com/terms/n/nakedshorting.asp
Keep the posts on-topic please. Relating to the stock or the company, NOT to other posters, use PM's for that.
It's ok, all of those pesky letters and numbers can be really confusing sometimes! PCFG's 10Q is due out by 5/15/12, last year's reports were being caught up on. There's plenty of information available in the iBox, perhaps a little DD might clear things up.
elfmuse, you were quite bullish on PCFG just a month ago. What has changed your opinion so dramatically?
I think you may have an 8K confused with the 10Q we are expecting by the 15th maybe?
LOL, based upon??
I'll save you the trouble, just finished going through it. The parts you want are at minutes 15:45-17:25. He does NOT address the reusability of the bags at all.
You conveniently left out his CURRENT TITLE
John A. Rae - Consultant
NOT project manager, and just because he has that in his past, why would one assume he is doing that at PCFG? Nowhere there does it say that he even goes to BRCM, though I would guess his expertise has been utilized as a CONSULTANT.
No, and this stuff is really not that difficult to find...
John A. Rae - Consultant
P.Geo
Mr. Rae has been with Pacific Gold Corp since 2003 and currently acts as a consultant on the matters pertaining to our alluvial projects and operations. Mr. Rae is a registered professional geoscientist and project manager with more than 30 years experience working in many different areas of the mining industry. Mr. Rae's experience includes the design, implementation and management of mining projects from grassroots exploration to commercial production.
http://pacificgoldcorp.com/management.html