Pacific Gold Corp fka PCFG

[TRAPPER JIM]

Heres the initial complaint from BME
http://idc.api.edgar-online.com/efx_dll/edgarpro.dll?FetchFilingConvPDF1?SessionID=3WW8FxGCWmxOpIS&ID=8490903
Item 8.01 – Other Events
On March 8 2012, Pacific Gold Corp. (the “ Company ” ) received a complaint that was filed in the United States District Court in Newark
New Jersey, Case number 2:12-cv-01285-ES-CLW entitled Black Mountain Equities Inc. V Pacific Gold Corp. The claimant seeks monetary
damages of $445,090.90 based on an assertion that the exercise price of a warrant, issued on February 27, 2007, that it holds, and that the
claimant purchased just prior to the warrants expiration, was not properly adjusted and that the Company's refusal to issue the shares
underlying the warrant on exercise of the warrant at the asserted adjusted price. The Company denies that there was a price adjustment as
asserted by the plaintiff and intends to defend itself vigorously in the action.
And heres the old filing about the transaction

#6 on page 6
http://www.nasdaq.com/markets/spos/filing.ashx?filingid=4996527

Discount to market price calculated by subtracting the result in footnote (5) from the result in footnote (4).

Warrants . On February 26, 2007, we also issued to Cornell Capital a warrant for a total of 6,000,000 shares of our common stock (“Warrant”) with the aggregate exercise price of $1,296,000, if exercised on a cash basis and if we are not in default on any of the Debentures. The Warrants are exercisable for our common stock at $0.216 per share, expiring February 26, 2012. The warrants provide for a cashless exercise provision if there is no effective registration statement for the resale of the shares for the shares to be issued on exercise and the company is not otherwise in default in its obligations to Cornell Capital. If the Warrants are exercised on a cashless basis, we would receive no proceeds from their exercise by Cornell Capital.