Pacific Gold Corp fka PCFG

[lowtrade]

The VCs own the shares being sold.

I posted about this a few days ago.

The 27th there was a very positive PR saying production started the 13th. A week before. But it was not reported until the stock price stopped running and started to retrace.

That very day 20 million shares were traded higher. The most volume ever seen. Who would sell into a run? Longs holding forever, no, day traders where did they come up with 20 million shares to sell. Ok maybe M&Ms selling naked. But if that was what happened, they would keep the price high for several more days, to cover their naked short and the price fell the very next day and continued down. So it wasn't them.

I say VCs which held shares at 3 cents, millions on them still, sold for doubles above 6 cents. And I say there is a new round of funding shares held at 5 cents, yet to be sold higher. Lets see the funding deal was for $500k, not $5 mil as I mistakenly posted earlier. $500k / .05 = 10 million shares available for sale soon.

The pennant pattern I posted last weekend projected a run to 12 cents, if broken to the upside, which just happened.

I'm saying we can expect 10 million shares to be sold above 10 cents, when the VCs get to a double.