I wouldn't write off PGCR just yet....
These Shells are tough to come by, and as crazy as it sounds, they are valuable. If someone wanted to buy a shell company, they are looking at a minimum investment of $200,000 +/-.
I would expect to see some sort of a name change, symbol change, or possibly a reverse merger into another private company. I'd be surprised if Sterling let this go without a serious fight, even though he may be totally incompetent himself.
With only 120M shares in the float, I'll bet there are a line of buyers knocking on his door as we speak, lol