Pacific Gold Corp fka PCFG

[starfighter]

Frank - It would drive up to somewhere between $1.20 and $.80 depending if investors thought there were a chance the offer would be accepted and if there were a bidding war between two of more suitor. Trading volume would go up. Also some stockholders would tender their shares to the suitors. This would freeze those shares from being traded. By tendering you agree to sell to them if they accept the tenders.

Probibly wouldn't happen though. A vote would be needed to accept the offer. Mitch and Rob hold close to a majority of the stock. To hold a vote proxies must be sent out and an as of date of around the time the proxes go out would be set. Any shares traded after the as of date would be ineligable to vote. The one exception would be anyone who showed up at the meeting with physical shares could vote. This would most likely make Mitch and Rob holders of a majority of the voting eligable stock and the sole deciders if the takeover happens.

Another thing that could happen is the suitor could choose to buy any stock tendered to them even if they don't get enough to take control of the company. Good things that would happen here is the float would be greatly reduced and shorts would be forced to cover.

IMO talk of a takeover if just more wishful dreaming out loud as happens alot with this stock.