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Well they're late again with Edgar. NT 10-K filed with them on April Fool's Day 4/1. A lot of hype lately based on hot air and nothing else. If we don't see the 10K by the end of the week, it'll be a long wait. \V/_
You already shot yourself in the foot or some other appendage; SN's saving his ammo for the next stockholders' meeting. \V/_
Lot of new faces here. Welcome to the class of 2013. Aside from the quick flip opportunities there really isn't much going for the company right now. The uptick in the past couple of weeks can largely be attributed to compensated posters (I can document at least one who received $1,000.00 for a one day promotion of PCFG). The 10K is due April 1st. If they actually get it out on time for once, there should be at least some information to process. If it follows the usual pattern, it should tank soon thereafter. The possibility of .0001 in April is quite real. Right now the Magic Eightball is murky. \V/_
Why not use the MSHA designation of "intermitent" producing gold mine? That's a little closer to the truth than just "producing." \V/_
The 10K is due March 15th; what are the odds that they actually submit it.? \V/_
The blizzard should match the snow job the investors got. In all probability BRCM is dead in the (muddy) water for now. We may see something about the drilling program at Pacific Metals or Blackfire's Project W or the lawsuit before we'll hear anything about BRCM. Rob and Mitch have deservedly taken it in the shorts lately as a couple of con artists. Rob is the one who has really screwed investors by selling the debt to his other company at a discounted rate. The truth is that they aren't con artists; they're just incompetent. Go back and follow the the history of the company. They bought crappy equipment for Oregon Gold and ended up selling it off. During the first startup at BRCM they bought their own haul trucks for BRCM which they couldn't maintain. The second startup ended up in disaster when they couldn't get clean water or run the plant on a consistent basis. So far they've invested 11 million at BRCM and don't have much to show for it. Last year was the turning point for them; up until then I think that they actually believed they could do it. It started when Rob converted his debt, then the infamous paid for report, the conference call, the July SEC letter, the salary conversion, ad infinitum. I honestly think that they didn't start out to be scammers; however they ended up in the present situation through an evolutionary process where they found it was easier to be a stinky pinky rather than a real company. I really doubt that we'll see a 10K anytime soon. \V/_
Geez' we're a cheery bunch lately. Right now our best prospect for additional capital is a positive outcome of the lawsuit. Maybe the addition 50 thou was to pay the laywers. \V/_
I believe the 10K is due March 15th. I'll be curious to see if they even bother given the cone of silence which has descended over PCFG. \V/_
Barring any good news, the direction is obvious--downward toward triple zero land. \V/_
Thanks for keeping us up to date on this. Looks like this will take forever with the latest filing while the experts get their act together. \V/_
So far they haven't managed to operate the mine profitably, so it's nice to see that they screwed themselves with the salary conversion and are holding a whole bunch of essentially worthless shares like the rest of us. They actually may have enough shares to pay the $20.00 conversion fee. \V/_
Good read. How about this for a conspiracy theory: The R/S was a clever ploy by mangement to convince Yorkville, et. al., that the company was worthless to get them to drop the lawsuit; unfortunately they convinced the market as well. \V/_
This is a question for those with more knowledge than I have. With the majority of the pre split shares tied up at the transfer agent's. Where are the shares (PCFGD) currently being traded coming from? Is the company issuing new shares? The MM's have three days to deliver, so either they're constantly recycling air shares amongst themselves or real shares are being issued. I haven't seen a good explanation of the current process, so any input would be helpful. \V/_
There's a lot of water (mostly silted) and a lot of shares between the conference call and the present situation. They need an infusion of 2 million dollars to get going again and don't have much of a chance of getting funding in the near term other than through continued deletion and/or sweetheart, discounted share deals with venture capital. The only confusion is your posting of the July cc as if it were new news. Given their actions since the conference call whatever credibility they may have had with investors has pretty well evaporated.
Live long and prosper; what's your take on the recent price action? \V/_
This might be worth a quick flip, but barring any news, the long term prospects are not good. If you get in remember to take your profits before the 20 days expire. \V/_
Actually it does matter, there is a big difference between 50 million and 144,441,011. You're off by 65%, that is a dramatitic error. I went back through the Edgar filings and checked UWF's math. He got 144,441,012 and I got 144,441,011. The fact is that because of the split many holders of pre split shares can't trade the stock until the 20 day limit expires. Because of these restrictions, it follows that there will be a limited amount of shares available for trading and larger than normal fluctuations in price will occur due to mm manipulation, ask slapping, etc. It's a day trader's/flipper's dream come true. It doesn't have anything to do with the float, it has everything to do with a large portion of the outstanding shares being unavailable to trade. Bold, underlined, all caps and color does not hide the fact that your premise of a 50 million float was and is wrong. \V/_
The numbers are not accurate because they don't take into accout the additional shares issued between Oct and Jan 18th. UWF's math is good and are based on EDGAR documentation. I'll take EDGAR information over company PR's any day. \V/_
On Jan 18th the company had 3,867,674,530 shares issued before the reverse split. You're usage of the 2,038,765,222 is close to 50% off the actual number owned by management. See the Jan 18th 8k for the last available pre split shares issued. www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001137855&owner=exclude&count=40&hidefilings=0 We all like to see the price go up as long as it's not based on incorrect information. \V/_
The o/s per the PR is 193,383,727, not 183 million as you state in your post. Fat fingers? Where did you come up with an approximate float of 50 milion in your link? If management had issued themselves shares an 8K would be required. UWF's figures are accurate given the available information. \V/_
Good information. Accuracy in one's statements contribute significantly to one's credibility. What's your take on the recent price flurry? \V/_
TJ, keep up the good work. Your input over the years has been a valuable asset to this board. Good idea not to be overly pushy with NDEP. Since you're not averse to calling public servants and have honed information ferreting skills have you considered calling the SEC individuals who are listed at the end of the July letter which took them to task? \V/_
Two posters, independent of each other, have through direct contact with NDEP have confirmed that PCFG has not submitted a plan to them. What more do you need to have clear and convincing evidence. Further, you have yet to present any evidence of NDEP's corruption. Unsupported feelings, hunches, undocumented sources, Ouiji boards, Magic Eight Balls,etc. are definitely less valid than supported statements. \V/_
If you have additional information about NDEP it would help your argument if you posted it to substantiate your argument. \V/_
Comparing the record for accuracy and tranparency between PCFG and NDEP, I'd take NDEP's information any day over PCFG's. \V/_
What you are implying is that NDEP is involved in a conspiracy with mangement to withold information from the public. That's ridiculous. TJ's accuracy in the past has been good and I'll take his information at face value in lieu of a "belief." \V/_
This has to be the statement of the year:
Well, it looks like the dust has settled and the market's reaction was ho hum. It's going to be a long wait until the 10K in March. \V/_
Barring the discovery of a 10 lb nugget at the mine site the probability of this going anywhere is low. They haven't submitted a plan to NDEP, so a startup is not going to happen very soon. Then, of course, there's the lack of capital. I'd wait until the 10K in March which will contain the o/s and how much money they have. Of course that's assuming that they submit it on time. Right now for me this is a wait and see. Currently, this is fecund ground for bottom feeders and day traders and is too risky for long term investment. \V/_
There's a difference between legal and ethical. In all proability it was leagal, but it definitely wasn't ethical. \V/_
Although your Hoffa solution sounds appealing, it isn't legal. The magic eight ball is still cloudy and it'll take a couple of days for the share price to establish a range. \V/_
Good work Trap. So no NDEP paperwork. The waiting continues. \V/_
Check out the quote in my post #106312; it's from the Edgar site. \V/_
Fox, do you think they'll be able to restart in the spring? \V/_
The reduction to 3 billion shares is at the discretion of the board. There is no indication that they have reduced the A/S. I think that would require another 8k.
Blackfire has a new board and posted the following letter: www.blackfireminerals.com.au/irm/Company/ShowPage.aspx/PDFs/1335-83261923/LettertoShareholders
At least they keep their investors informed. Looks like Project W is still on. \V/_
Interesting reading. The situation is so bad that Shylock laywers don't want to sue PCFG anymore. \V/_
Mod's note: If you feel that you have had a post deleted incorrectly, go to "my deleted posts" and appeal the deletion to an ihub administrator. Try to keep your posts relevant and civil and criticize the statements of other posters and not the poster. \V/_
Raising new capital would be a significant (material) event and would require an 8K. Given their current situation and their past history, it's not too much of a leap to suspect that they will again become a non-reporting company. I would be pleasantly surprised if they actually submit a 10K in March. \V/_
It will take more than just a PR to get things going in the spring. It will take capital and the the possibility of that becoming available is not high. They've PR'd a lot of things in the past many of which never came to fruition. \V/_