If and I mean if I understand. the people that buyes those shares will be brought in and shown all the plans and how far along they are to prove that they should make money by investing in pgcx. As for the S1 they cannot release news till it is signed off. That way its ligit because everything has been audited and verified. I hope this helps.
I'm fairly sure that 1$ is the maximum price that these shares can be sold at, they can not go above that. The s-1 is very precise at this point and I believe it said that is an arbitrary price This being said, I think this may be the final /a because almost every question on this board can be answered by reading the S-1 IMHO