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Bet they said the Cubs would win the world series too. \v/_
Just a note on the tungsten project, Platro is due 15% of the proceeds. In the course of research on Platro Rob Landau had some interest in Platro. I was never able to confirm if he still has some interest in it. Might be an interesting area for further research. \V/_
Thanks. The persistence of the BS about "there's gold in them there hills" persists. Enthusiasm is no substitute for solid dd. \V/_
The board is deserted because those posters with any real knowledge gave up on this boondoglle long ago. What's left are some folks who publish the facts to warn any new potential investors. Not worth considering unless your in it to make some money based on the greater fool theory. \V/_
If you can find the complete Bharti report please post a link. A lot of people have tried and failed. Good luck on your search. Otherwise, consider the source of your quote. \V/_
There is no proven amount of gold. As a matter of fact the financial regulators got on their case forcing them to admit that they had no proven reserves. The rumors of lots of gold are just that. Add to that, the process they are panning to use is more wishful than factual. What gold there is microscopic and is more economically retrievable by heap leaching as opposed to placer. \V/_
Well, things haven't changed much with the exception of a few new posters. The delusion that this will someday make it persists. The barrite lease is interesting, but not particularlly significant. The leased land was previously mined for barrite in the eighties, but the Chinese undercut the prices and the operations shut down. The much touted low share count is the same old game they've played for years. Issue a ton of shares--reverse split--issue a ton of shares--ad infinitum. P. T. Barnum would have loved PCFG. Ah for the heady days of the geotubes. \V/_
You have absolutely no source for your statement--it's pure conjecture. Magna still has to make a payment for Project W if there's any manipulation going on it's in fallacious posting with no basis in fact. \V/_
I included them to give an idea of the shares available. \V/_
For what your shares are worth you couldn't even get a kiss. \V/_
According to the latest 8K they've VWAPed an $80,000 note to shares @ a 45% discount to a third party. Considering that the average share price has been around .0001 that works out to an additional 1,454,545,455 shares on top of the 4,966,384,063 as of the meeting's date of record which adds up to 6,420,929,518. More shares have probably been issued, but that's the total based on the available information. Looks like they'll go the full route to 10 billion shares before they do the reverse split. \V/_
I'm not sure where you're getting your numbers from, but they're grossly inaccurate. As of the shareholders' meeting there were 4,966,384,063 issued shares. According to the 13G, Magna has 290,000,000 shares. That's 5.84%. Please make an attempt to post accurate information. \V/_
Probably paid off the IRS. \V/_
It could be the item that breaks the camel's back. The SEC got on their case in July of last year for reporting unconfirmed resources. Anything that keeps them on the SEC's radar is helpful. \V/_
The fines/assessments are not listed under Item 4; they may be lumped under Accounts Payable or Accrued Expenses. The original point was that Rob got caught in a lie when he answered Bridge's question. It might be worth a nastygram to the SEC about not reporting it under Item 4.
It wasn't like you weren't warned extensively \V/_
They owe $6,270.00 in delinquent MSHA fines. \V?_
Just checked the MSHA website (Mine # 2602572) and there are still a number of outstanding fines dating back to 7/27/11. So much for their veracity when they answered your question, "Are all claims currently paid in full?" \V/_
Correct me if I'm wrong, but weren't you one who was touting the virtues of PCFG at the time i.e., the PCFG Story. I don't recall you ever using "haphazard" in that time frame. \V/
Your point is well taken; however, given the limited amount of information available, the issuance of the convertible shares should be limited by the 3 billion share limit. Which according to the share count on the date of record would allow only 1,033,615,937 votable shares which was enough to carry all of the motions. (see previous post) Anyway the point is moot at this point. \V/_
They issued a DEF 14A (Other definitive proxy statements)
on Aug 8th which supercedes the PRER14A (Preliminary Proxy Soliciting materials). The operative words are 'prelimuinary' and 'definitive'. Like it or not, 1,033,615,937 of Rob's preferred shares were votable given the 3 billion share limit. If you do the math using those numbers all of the measures would have passed. It sucks, it's a rip off, but it is legal using the Aug 8th criteria. It would appear that dumb ass Rob made a mistake in the prelinary 14A and tried to cover his tracks with the Aug 8th definitive 14A. For what its worth the 8K is reporting false information because the voting results show that all 3 billion shares were used in the voting results. \V/_
Took some time to look at the 8K. Total Shares 4,966,384,063. IF you take away the suspect 3 Billion Prefered shares that leaves 1,966,384,063 shares in the market as of the date of record. According to the DEF 14A in Aug the date of record is
August 6, 2013. The point is that like it or not 1,033,615,937 of Rob's preferred shares would be allowed given the 3 billion limit. If that's the case all of the proposals would pass. If you use the original date of record The only proposals that would have passed were Rob's re-election to the board and the retention of the acct firm. Pass the KY, please. \V/_
It's simple logic, Fox, The authorized shares are 3 billion. If Rob converted any of his preferred shares he would only be able to convert those shares up to the total 3 billion limit. \V/_
Looks like nobody attended the meeting. It will be amusing to see what their PR will be. How about this for a guess (translated into plain English with my compliments to Robo): "We are pleased to announce that we've screwed the current shareholders once again. Hah!" \V/_
Your post is completely bogus. No new ponds; no cleanup of the geotubes; no money to mine. \V/_
Good analysis. The turning point was when Rob sold off his other company's note to a third party. \V/_
Right after the R/S. \V/_
A lawsuit would be pointless since thc company coffers have been looted. Even if we won, the laywers would take any money and leave us with $1.29 apiece. \V/_
According to the last 10K there were 2,228,997,664 outstanding shares. In June Rob issued himself preferred shares that were convertible to 3,000,000,000 shares. The authorized share limit is 3,000,000,000. With the share limit @ 3 billion the preferred shares cannot be voted until the share limit is increased. At most he can only vote 771,002,336 without exceeding the share limit. The O/S is probably more than that stated in the 10K. The preferred shares are worthless when it comes to voting rights, but then again their almost worthless @ face value as well. \V/_
Couple of questions:
How can the preferred shares be voted when with only 3 billion authorized shares and their issuance exceeds that limit?
How much money is owed to the IRS and what are their plans to pay it off?
When are they going to pay the Mine Safety fines?
When did Rob last have an association with Platro?
What was the cause of the low recovery rate?
Any 43-101 drilling planned?
What about the geotube cleanup?
Answer D: "All of the above." \V/_
Actually they're very good at rubbing two pennies together as long as the're not their own. As a matter of fact, they make those pennies disappear quite readily.\V/_
The silver is lining Rob's pockets. \V/_
For what it's worth new 10Q is out on the Edgar site. I wonder how many times it will be ammended this time. Still no time for the shareholders' meeting. They've screwed themselves with the the 300,000 preferred shares which exceed the authorized share limit and can't be voted. \V/_
Thanks for the undeserved compliment. It's been my experience that if you write a letter to any agency whether or not you have all the facts straight that they'll take a closer look than normal at the company. PCFG is popping up on a number of governmental radars. The SEC is holding their feet to the fire already. The IRS may seize whatever assets the have, if any. And there have been a lot of complaints sent by a number of posters. There have been so many instances of conflict of interests where Rob has put his and his companys' interests before those of the shareholder that it would take several pages to enumerate them. One instance that hasn't been noted very much is the Platro lawsuit which syphoned of 15% of the Project W money. With a little digging I found the Rob had a finacial interest in Platro at one time--interesting. The major miscreant in this whole fiasco has been Rob who seems to be the evil wizard shuffling money around by VWAPing outstanding debt. The whole point of writing is that if you write you'll add a little more grease to the squaky governmental regulatory wheel and your letter may just be the straw that breaks the camel's back.
Remember: "Time wounds all heals." \V/_
And the saga continues. Can't even buy a bottle of Mad Dog with the current valuation. Happy dum[ster diving. \V/_
Since there's no established date for the shareholders' meeting there will be little going on until then. The shares that Rob gave himself are not legal until voted on and exceed the authorized amount. He's incompetent as a crook too. \V/_
Long time no see. Don't you find it interesting that many of the former promoters who gave me such a hard time a year ago are now among the most virulent critics. Maybe it's time to write chapter 3 of the PCFG Story. \V/_
Too funny; I don't know how to have more fun losing money other than being a PCFG investor (sucker). \V/_
An IRS foreclosure notice is more likely. \V/_