Pacific Gold Corp fka PCFG

[Blindsquirrel]

fox here is the reason it was illegal.

The original announcement of a shareholder meeting was made in a proxy filing on May 10 2013. It said that "The record date for the Annual Meeting is May 31, 2013. Only stockholders of record at the close of business on that date may vote at the meeting or any adjournment thereof."

http://ih.advfn.com/p.php?pid=nmona&article=57522154

THEN on June 10 they file an 8-K saying that they created a new class of preferred shares on June 7 and on June 10 Landau was issued 100% of the new class (300K shares) which gave him the right to vote the shares on an as-converted basis (3B votes).

http://ih.advfn.com/p.php?pid=nmona&article=57926219

This all happened AFTER May 31 which means those share could not be voted.

THEN they realized that they screwed up and changed the date of the meeting.

The only reason to change the meeting date and also change the shareholder record date was to the sole benefit of Landau personally so that he was able to gain control of the company. Prior to that he was a minority shareholder after all the dilution that took place after the last RS. This is illegal. Its a fraud perpetrated on shareholders. If the shareholders wanted him to have control then that should have been subject to a vote too. You cant just give yourself control of a public company with the stroke of a pen. There are also rules about related party transactions that I think this runs afoul of.