I am a tech guy, you are talking about fundamentals. I'm surprised you don't know the difference.
I disagree about their debt being unsustainable as I have no doubt they are currently generating revenue from gold. When the 10-K comes out we'll have a better idea.
But to be clear, our discussion was about significant ongoing dilution which you have not proven. The debt agreement that was filed in December talks about the POTENTIAL issuance of 50,000,000 shares. That doesn't mean it's going to happen. And even if it does, it's only about 7% of the current O/S. No big deal as long as they are pulling gold out of the ground.
Looks to me like PCFG will be back around .02 before the 10-K comes out (A technical analysis). If I'm wrong, so be it. It's not like I mortgaged my house to buy shares. Low risk/high reward. If you can't afford to risk a few hundred dollars, then don't. Why you would spend your time on this board posting about a company you have no interest in is beyond me. I always suspect an ulterior motive.
