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Re: Tommy post# 249

Friday, 09/28/2012 1:38:26 PM

Friday, September 28, 2012 1:38:26 PM

Post# of 493
Tommy,

You say that you cannot verify the .80 PGLC for 1 CRGC deal. Read CRGC's 10K and 10Q. It is all there.

PGLC (SAGE at the time) bought all of CHGI's assets in July of 2011. In return, PGLC delivered 76 million shares of PGLC stock to CRGC. That stock is due to be distributed out to CRGC shareholders before the end of this year, at which time CRGC will dissolve and it's shareholders will receive .80 shares of PGLC for every 1 share of CRGC they owned.

To repeat, the said shares of PGLC already reside in the treasury of CRGC (there are no other assets in CRGC, since PGLC bought them all in exchange for the 76 million PGLC shares.) The deal was done over a year ago. We are just waiting for the distribution to CRGC shareholders.

Read CRGC's 10K for 2011 and/or subsequent 10Q's.

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