Pacific Gold Corp fka PCFG

[foxwoodsfan]

I'll say it again, I'm not convinced they're doing anything "illegal". You have a note holder (Rob), his note is convertible debt, meaning he can convert to shares. He converts to preferred shares, I believe the preferred shares carry voting rights. The preferred shares can be converted to common shares. The preferred shares are accounted for in the total authorized shares so it makes no difference whether they are preferred or common, the count is the same. I'm hoping somebody can prove me wrong but until someone does I still say there's nothing illegal going on in this respect but there is a whole host of "other things" that may be. JMHO.