Succinct Summary of Pacific Gold Corp: from 1996 and on. Just to prove to you guys that Geisler is a businessman who, from young age, tried to make a company work and stumbled onto this Gold/Tungsten business and seems like he's a man on a mission on trying to achieve that goal. I tracked down all the filings from 1996 and the companies. I learned a lot through this DD, and I realize these guys aren't gonna just give up. GO PCFG
Plus, it seems like he has a lot of rich friends giving him financial support despite the fact that it seems like PCFG as a company is in a lot of debt/trouble. I apologize for the formatting but I am getting tired. All these are Google-searchable.
Basically, the big lightbulb moment to Geisler was mid-2003, when GL Energy & Exploration was entering a joint venture with that Chilean company. He had an "Ah HA" moment here and decided to form a subsidiary of GL Gold - which ends up being the basis of the current Pacific Gold Corp, while GEEX went belly-up with the other companies through reverse mergers or whatnot.
Also, not included is Geisler's medical radiology company? This is their latest filing. http://www.diig.biz/report/10q033112.pdf. I feel like this is part of what funds PCFG.
I didn't go past 2005 since stuff from 2005 is all on their website.
Oct 1998 – 2000 LRS Capital Inc
• October, 1998 – LRS Capital Incorporated
• OTCBB
• Goal: Exploration/Development of Tungsten mine: US Army new bullet with tungsten, more environmentally friendly than lead.
• TARGET: US army bullets, construction, mining, other stuff
• 8,000,000 shares @ $0.125 = raise $1,000,000
• Total ~10,000,000 shares issued initially
• Ends June 30, 2000 with $6,972 expenses, working capital $3,735
• Funded using sales of common stock
• Employees, all without cash salary (stock compensation)
o Mitchell Geisler (29 yo President/Chairman)
o Cindy Roach (37yo)
o Kevin Wagman (28yo Director)
• Stockholders after IPO
o Marni Miller (11%) – Wife of Rob Landau, includes shares through ZDG Investments (Marni Miller owned company) Currently, she’s a practicing lawyer www.ztgh.com/our-lawyers/item/24-marni-miller
o Mitchell Geisler (1%)
5/1999 ~ 8/25/2000 Involvement of Wolfranium/Platoro (Pre-Pilot Mountain)
• LRS contracts with Wolfranium Corp to locate, stake, record mining claims (May 1999), finds Platoro for this contract.
• Agreement LRS pays
o Initial $13,000 and $75,000 over next five years
o $260 per claim staked
o 120,000 total common stock of LRS to Wolfranium until 2004
• Loyalty: 2% of proceeds from sales of ore
• Somewhere along the line, Rob Landau is the president of LRS instead of Geisler around 2000, I am guessing with IPO, this title was transferred to Landau.
10/2001: GL Energy and Exploration formed (LRS Capital renamed on 10/10/2001)
• Creates a subsidiary called GL Tungsten Inc
• Platoro West gets 60,000 shares of GL Tungsten
• Share count: 55,000,000
• President/CEO: Mitchell Geisler
• Some of the funding: from ZDG $58,799, Glen Akselrod: $8,462 – both loans bear 10% interest
7/2002: GL Energy share count: 105,000,000
2/25/2003: GL Energy and Exploration forms GL Gold a new wholly owned subsidiary formed
• Goal: to acquire a permitted gold mine and equipment.
• First claim: In Oregon (Oregon Gold?) for $10,000 deposit, $590,000 mining claims, $150,000 for equipment
• GL Energy & Exploration goal changes from Tungsten to Gold
5/29/2003: GL Energy & Exploration acquires more gold claims, Joint venture with SEM Mining Corporation
• Wellstar International’s 60% interest in two mineral claims in Chile (LaBarca Deposit and Duna Coapa Norte Deposit) and Joint Venture Agreement between SEM Mining Corporation (40% interest in JVA). But these have no historical mineralization.
• Oblications of Joint venture agreement: raise capital for the Pilot Plant for the claims (total $10,000,000 before January 22, 2004)
• JVA included change of control: Donald Byers/Arthur Lang would get 20,000,000 shares of GL Energy, now controls GEEX, but remember, GL Gold Inc is now owned by Geisler, and he is trying to get rid of GEEX to fund GL Gold Inc.
6/2003: GL Gold renamed to Oregon Gold Inc.
• At the same time, Oregon Gold was being held by ZDG holdings for the time being – to protect the property.
7/1/2003:
• Pending $3,000,000 loan from venture capital firm (I’d guess Cornell?), but Letter of Intent finalization terminated by the Company (GL Energy) for the Pilot Plant for the Duna Chaopa Norte and La Barca
7/28/2003:
• Cornell Capital Partners LP signs a Term Sheet to commit to fund up to $11,000,000 for GL Energy over the course of 24 months, in amounts of maximum $1,000,000 every 30 days.
• Basically struggling to find funding?
10/2003: GL Energy & Exploration terminates Platoro West rights/interests (they gave up Tungsten rights for Gold now)
• Donald Byers and Arthur Lang has control of this company…. Moving on…
• Geisler stepped off with his GL Gold Inc, which was renamed to Oregon Gold Inc.
• 8/2006: GL Energy & Exploration (GEEX) name change to American Southwest Music Distribution Inc (ASWD): 1-for-74 reverse split of the common stock as well. Basically the stock craps out.
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Concurrently…. Geisler was really trying to start a new company… Demand Financial, Inc to fund his restaurant empire…
12/31/1996: Demand Financial, Inc. – another company Rob Geisler created way before everything.
• Demand Financial International, Ltd., intends to develop a caviar lounge, restaurant and piano bar business situated high a-top famous skylines in North America. Demand Financial is a company in the development stage. Demand Financial was incorporated in the State of Nevada on December 31, 1996. From incorporation until December 31, 2000, Demand Financial had no business operations of any kind.
5/14/2003: Demand Financial, Inc renamed to Blue Fish Entertainment
• Geisler looking for a good site to open his first restaurant! “
• Geisler thought the latter name fit better for what he’s trying to do.
• “The goal of our establishments will be the creation of a mood and atmosphere that lends itself to an exclusive environment in which our guests may conduct business meetings or simply relax. Our overall design calls for the setting to be upscale with high quality products and exemplary service. We are currently searching for a location in the Toronto, Canada area for our initial flagship restaurant. If we are successful with this initial operation, we will seek to expand into other major cities.”
9/30/2003: Blue Fish Entertainment acquires Oregon Gold (Formerly GL Gold Inc.) from ZDG Holdings for $100,000
9/30/2003: Renamed itself to Pacific Gold Corp
• Now has 2 claims Oregon Gold & Nevada Rae Gold
• Nevada Rae Gold – 38 placer mining claims, 760 acres. $250,000 financing
10/2003: Knelson KCMD-7.5 portable concentrator for Oregon Gold, along with other equipment.
3/17/2004: Nevada Rae Gold, for $120,000
• Plan of Operations submitted to Bureau of Land Management
• 46 placers by now, 920 acres of land covered
• Company purchases 13.67 acres of private land
• Mill, processing plant, storage, security headquarters, remote office
• Two water wells for this project
• Company owes $454,495 to a stockholder. One note for $100,000 which relates to the purchase of 100% of Oregon Gold Inc. (so PCFG owes $100,000 to ZDG, Landau’s company)
• John Rae, Director of Alluvial Operations hired.
5/2004 Fernely Gold & Grand Pass Gold
• Fernley Gold subsidiary: purchases 640acre claims for $10,000, one time payment lease for 5 years, renewable
• Grands Pass Gold subsidiary: purchases Defiance Mine, equipment, fully permitted mine in Oregon for $150,000 + $100,000 (I think). Smelter royalty of 5%, capped at $200,000
• Pacific Gold had negative working capital of $1,348,017 at June 30, 2004
• Files with SEC to sell 8,000,000 shares for $0.30
Consultants: John Rae and Chemrox Technologies for the permitting process.
4/14/2005 Robert Landau becomes CEO/Chairman. Geisler is COO. Total Assets $660,394. ZDG holdings = Robert Landau/Marni Miller's company. (Since a lot of debt to ZDG, maybe Geisler offered this deal, or I am pretty sure they knew each other before)
6/30/2005: Nevada Rae Gold gets :
• Delivery of heavy earth moving equipment
• Security perimeter fence installation
• Mill building purchase
• JCI triple deck screen purchase
• Building Permit Preparation
11/17/2005 Pacific Gold establishes Pilot Mountain Resources (AGAIN!)
• Works with Platoro West, agrees to give them 150,000 shares for Project W in Mineral County, Nevada
• For Nevada Rae: Assembly of the screen plant was well underway and equipment deliveries continued throughout the quarter.
• CFO hired: Jacquelyn Glazer
