Replies to post #97243 on Pacific Gold Corp fka PCFG

[Star Gazer]

Blue Dog,

I intend to write a letter to the SEC Counsel listed at the bottom of the attached Complaint requesting additional information on the case outlined. The case refers to over 100 penny stocks that were manipulated however only lists 10. Is there any other means by which to obtain this information and are the Of Counsel listed at the bottom of the complaint the individuals that could supply this infrmation?

Thanks,

SG

http://www.sec.gov/litigation/complaints/2012/comp-pr2012-165.pdf

[BBalls-N-CowTown]

Thanks Blue Dog, this amended petition is interesting. So it looks like they have added Baker and Rillo personally as defendants instead of just pursuing a suit against a limited partnership and the general partner LLC...which as I understand these entities; even if damages were awarded against those entities they could be impossible to collect whereas a personal judgement is a different matter.

Paragraph 14 on page 4:

"As a result, under this formula in the YAG Debenture, the lower the average of the two lowest volume weighted prices during the ten last trading days of each month, the more stock YAG would receive at the beginning of the next month under its conversion/redemption rights.

It was, thus, in YAG’s financial interests (i.e., to increase the amount of stock it would receive) under the YAG Debenture for at least two trading days during the last ten trading days
of each month to reflect low weighted average trading prices, and it was in YAG’s financial interests intentionally to cause such lower prices to occur by intentionally timing the volume of
its sale (i.e., dumping shares) of millions of shares of PGC common stock, previously received under the YAG Debenture, during the last ten trading days of each month"

And so here we are now, and what happened in the last 10 trading days of August 2012?

http://client-email.com/dockets/PCFG/PCFG%20Doc%20038%20PCFG%202d%20Amended%20Counterclaim.pdf