You see it as bad because you are negative on PCFG, you burned yourself and dumped your shares and have been crying over spilt milk ever since PCFG hit 8.3 cents a share and you did not sell.
So you hopped on the other side of the fence trying to shake the tree to try and get shares at .004 cents a share. Well it isn't going to happen.
PCFG was halted from mining gold right after they started up in July. NDEP showed up and after approving their GeoTubes and liners they did a 180 and said they had to stop. Thus they only mined 50 ounces. PCFG was now 4 months behind in mining. IMO PCFG had the right to sell shares to cover on expected cost due to delays caused by NDEP stopping their mining production from July to November. Now after the 3rd Qtr you stated they sold another 14 million shares and that was explained in the 10-Q filed in Sept of 2011.
As of September 12th, 2011 there are 745,732,651 shares of outstanding common stock of Pacific Gold Corp.
Here is the 14 Million shares you say are delution shares
On October 25, 2011, the company issued 13,050,580 shares of common stock on conversion of the promissory notes previously issued April 1, 2011 in exchange for retiring $659,529 worth of principal notes.
On October 26, 2011, the company issued 1,000,000 shares of common stock as a royalty payment of $20,000 for rent on behalf of its subsidiary, Nevada Rae Gold.
The above statements came from the last 10-Q filed 30 Sept 2011.
Funny how you fail to do any DD and just cry delution and if you would take the time to read the filings you can account for the shares. I know you are going to ask what about the other 66 million and my answer to that is look for it yourself :)
I found this part and I am sure I can find the other 66 million shares and why they were sold.
Nope no Delution just used to retire $659,629 worth of principal notes and $20,000 for rent.
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