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some of us have higher AVGs than that, so don't feel so bad about it. I know next year when I file this loss, I'm gonna get back a nice TAX return!
yep, I'm not touchin' .0002 - MMs gonna drop it to .0001. Then the repeat buy and selling will begin between .0001 and .0002 and that's about it...
yep, I feel ya brutha - I'm tryin' to save face and hold out, but my confidence in PCFG has eroded immensely. I was really there to give them a chance and thought last year and this year would be THE YEARS. Well, we still have time left in this year obviously, but I cannot hold on after this year - gotta take my medicine like a man, take the loss, and move on to something else...
I'm gonna hang, too - might even pickup some .0001s when they become available. My AVG is real low, so if PCFG has one more GASP of breath, I can get out and save face to the wife. She doesn't even want to HEAR the name PCFG right now.
no volume - everyone wants those .0001s - if VERT wants to dump more, it's gotta go DOWN. Buying at .0001 is very tempting - at least you could flip it...but for some long termers it would bring the AVG down a lot...
it's called replacement- the .004 was replaced with Vaseline.
I gotta hold til end of year, and might try to buy some at .0001 - but I think I'm exhausted and can actually use the loss for taxes this year.
How will that get approved? Will they cry and say they misjudged 20:1 and need more?
.0003 probably less and less like .0004, .0005 and so forth. Before it dropped to .0002, the volume was minimal, so VERT wants to continue dumping and now they are dumping at .0002....for how long? could be a long time! If they are selling to bidders at .0001, those folks will double their money selling at .0002 and the process will start again...
Until PCFG gives us something to look forward to, we are right back where we were before the RS. Could be a long spring, summer, and fall - and then come winter if they haven't done a damn thing - it's done.
I appreciate your comments, and yes I've been giving them the benefit of the doubt and chalking most of this up to piss-poor management. And I am the first to admit, there's only so much BS one can take.
My loss isn't more than 12K and I have until the end of the year to claim that loss on my taxes if need be (I could use it as this year is looking good and I might need some write-offs), but until then - I'm careful as ever buying anything else, and I think I'm just gonna have to wait it out.
Once Fall to Winter 2013 hits, these operations start slowing down - so I figure I'll give them until that time to do something productive. If I keep my buys cheap and low I should be able to handle it...
Yes, though I'm getting tired and think this is probably going to be the last year for me. that is unless.....and we all know that game....but I don't think PCFG can convince me at the end of summer if nothing has been done all year.
not sure I'd waste all that energy they did making a scam - seems it could done much easier. I think it's just piss-poor management and now they've dug a hole and are trying to climb out - doesn't look good.
Driving the PPS back to .0001s does seem pointless after a recent R/S - it appears suspicious and not for the good of the company we invested in. Tempted to buy at .0001 or even .0002, but you know - I can't see spending more than a couple hundred here and there...no more big fat buys for me.
Most CEOs prefer to avoid shareholders with pitchforks hanging out on their property and going to jail for fraud- they don't seem to me like they're criminals, just clueless on how to run a mining operation...and desperately need more funds to re-open.
If nobody sells, since they can't get those bids at .0002, will they up their bid to .0003 which there should be plenty and would move the price up?
If you feel that way about PCFG, here's the FINRA complaint link, too -
http://www.finra.org/Investors/ProtectYourself/p118628
I really hope you and everyone else recovers from this - I just don't see PCFG as wanting to fail. Seems to me, they will delay and delay and keep on barely surviving just enough until something happens again for them...
Not so sure I agree with that - they certainly have issues running a company, but I don't think they want to go under. I also don't think they want to go to prison. They will not get approval for another reverse split - companies just don't reverse split when they want...
No indication of any PRs, so everyone is bidding it down lower and lower knowing this is where it's going for now...few buyers at .0003 - PCFG doesn't care as they want to dump all those shares to make something to hopefully resume operations...Let's hope they do, so we can ride it back up.
would you want control? how would we all agree on who to give the boot and who to hire? I just want to make money, I don't need to hold a majority of a stinky pinky...
Very small volume today - buy orders must be in for those waiting for .0001s (l2 doesn't show the All or None orders). After that, PCFG can't go anywhere but UP.
I know, I feel so violated. Well, I'll just leave it in there, maybe grab some .0002s if I can, to knock that AVG down some more...and wait. Not a loss until I sell - so if they open the mine it will go back up and I can exit more gracefully...LOL
Brace ourselves? LOLOLOLOLOLOLOL - I think we'll be okay as it doesn't appear it's leaving the .000s anytime soon.
All or None orders are not posted on the L2.
yep and it prevents buying as nobody wants to buy if they are going to keep pushing it back down with small buys. Sounds like manipulation.
Is diluting ok IF we want PCFG to raise money from buying of these shares and re-open? It appears there is buying for these shares being dumped...
.0004s and lower sure might get tempting to buy - to double money at under .001 and for those needing to lower their AVG, might generate some recovery.
yep, there was nothing we really didn't already know from the reports just released. With closed operations, I didn't expect much income and a NEED to raise money.
When they re-open, it will go back up. When? Well, who knows but thats a penny stock - take a risk and wait or get out and move on to something else.
fluff pr would drive it down even more, I guess that's good if you want to buy or "get in" at a price lower than it is now...
If the company is selling them, they are selling them at a loss - as whoever is buying them at such low prices will make some serious money when operations resume. Company should wait and sell them when they are more valuable - this just dilutes and keeps the price down - something I don't think PCFG wants.
You won't lose your shirt - it doesn't have far to go south, but it has a whole lot more room for it to go north!
If your total avg cost is high it makes it risky, and these folks are flipping the PPS back and forth, so most of us can bring our avg cost down and when it goes back up - celebrate.
Unless your buying and selling MILLIONS upon MILLIONS of shares - this little movement from .0005 to .0007 is not really going to affect smaller portfolios...once they finish their game of flipping, this should go back up...
Another inch-worm crawler today, PCFG?
Not too bad to worry over for sure, it's been floating between .0005 and .0006 for weeks with an occasional .0007. Whoever sells in that area is just delaying the inevitable - and when it goes back up - everyone LOL as those sellers lose money from selling too early.
Yep - I have plenty of .0005s and .0006s, not worried if it goes up or down to tell you the truth...once that mine re-opens...BOOM - I pass my AVG.
LOL I know, kind of funny when that happens...
true NOW, but I was commenting on the .0005 status back this morning several hours before when Vol was on 18MIL. I would imagine by the time you replied, the conditions have changed since...
There does not appear to be any .0005s of a significant number available for sale - but there's buying at .0006...so anyone who sells at .0005 is just gonna find those being re-sold at .0006...PCFG could be moving up soon...
Tried a couple days to get .0005s, but certainly can get .0006s still...still hanging in there - hoping for PCFG to get back to a couple cents again.
Yes, with PCFG's past history of PRs and how they have at time fluffed and fizzled, I think they want to wait until everything is SET before getting shareholder's hopes up.
I don't think it serves PCFG's best interest for the PPS to be this low either - surely they have raised their money, they cannot do another R/S without causing a riot, there's a settlement in the BME litigation, so the only thing left is to resume operations and get some processing on the books.
Nice - I wanna see some updates from PCFG soon - I know they can make this work if they could hire some good managers to handle ops.