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rmarc

09/17/12 3:52 PM

#98560 RE: miggi #98557

Because of the collapsed share price & the mass dilution caused by the death spiral convertible funding, when the Landau/Geilser failure team has to do another financing, they will have to resort to the shylocks again & execute another death spiral convertible financing. In order to do that, the L/G failure team will have to execute a monster reverse split, sending current PCFG shareholders into reverse split oblivion. Then the death spiral will start all over again. PCFG's post reverse split price will collapse & more mass dilution will be foisted into PCFG shareholders.
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samil

09/17/12 4:01 PM

#98561 RE: miggi #98557

If Landau/Geisler thought about investors, then they won't do this kind of deals. Landau, company is lending money at 10% interest to PCFG. That's pure profit for his company, so he is getting his money one or other way. If PCFG is as good as they have portrayed, then there should be no problem to get the financing from Banks, where you pay less interest and it is spread out for 10 years. I wonder why they are not getting any financing from Banks. They have 500M coming from Pilot project, so there should be no problem in getting the loans from banks. Only and only if, they think us as investors rather then cash cow, then only they will do what is good for company. Robert Landau is acturial and he should know better. I am investors since 2004 and I have average down to PPS .03 cents and now this action from Management has taken out of me all the confidence I had for them.