Pacific Gold Corp fka PCFG

[blue dog]

The warrant-exercise procedure in document 14-1 is complicated, but Section 2(a)(ii) contemplates a "cashless exercise," whereas Section 2(a)(i) contemplates cash in conjunction with the exercise.

I have not evaluated whether the BME attempt to exercise the warrant properly fell within the bounds of Section 2(a)(ii) versus Section 2(a)(i).

GL

http://client-email.com/dockets/PCFG/PCFG%20Doc%20001%20Initial%20Compl.pdf

17. On February 22, 2012, BME made a cashless exercise of its warrants, properly
delivering its Exercise Notice to PGC. Pursuant to the Exercise Notice, BME was entitled to
receive at least 44,509,090 shares ofPGC common stock, based on the adjusted exercise price
of$0.0099.


Now read section 2.
http://client-email.com/dockets/PCFG/PCFG%20Doc%20014-1.pdf

You can't exercise warrants if you don't bring the cash with you!!! This will go in PCFG's favor.

Unless I am mistaken public filings are notification; correct!