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Re: nobody3 post# 35802

Wednesday, 02/23/2011 10:25:32 PM

Wednesday, February 23, 2011 10:25:32 PM

Post# of 118202
I assume that was the bulk of it. The fact that this latest piece of equipment has been ordered, and most likely delivered and being tested at this point makes me think that they raised a sufficient amount of cash to start moving forward. In all honesty, if they need $300,000 they could just sell some shares to raise it quickly instead of running around hat in hand or hoping for the second traunch of money in 100 days. Dilution may explain those large T trades last month. I'm not sure if anybody called the transfer agent lately to check the O/S. One thing I've learned in combing over PCFG's history is that they issue periodic updates and announcements on major milestones being achieved. I assume at this point they are waiting to announce the beginning of production instead of updating on every little step along the way. Just a hunch.

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