Pacific Gold Corp fka PCFG

[ScotiaNostra]

FWF ... to be honest if this really was in the past and was in 2011 then why wasn´t it included in the original 10K ... how can anyone turn up 6 months later and say OOPS WE FORGOT TO INCLUDE IN THE 10K THAT WE OWE THE IRS !!! I´m not a fan of shouting but this is INCOMPETENT ... I guess next PR we have new accountants !!

JS .. could be .. as could this .. Also could the IRS demand be a lien on one of Rob or Mitches other business interest .. are we culpable or are we ring fenced from any other dealings?

Pacific Gold owes its executives $203,434 and $136,636 in short term notes payable reflected in the accrued expenses for the years ended December 31, 2011, and December 31, 2010, respectively. These short term notes are interest free and due on demand.

Pacific Gold owes $414,606 to related parties in short term notes payable for the year ended December 31, 2011. These short term notes are interest free and due on demand

Anyways we have a news update ... BUT for me as a former accountant and amendment to the 10K 6 months after it was filed is highly unusual ...