nobody3, not necessarily so ...
It would take 5 billion shares to be issued to obtain $1M at todays price of $0.0002 per share.
[$0.0002/share x 1M shares = $200]
[5,000 x 1M shares = 5 Billion shares]
[$200/1M shares x (5,000 x 1M shares) = $200 x 5,000 = $1M]
To achieve the PCFG PR identified amount of $2M needed for 2013 objectives, that would mean 10 billion new shares would have to be issued. At $0.0001 it obviously would take twice as many issued shares.
Because there probably aren't that many investors out there to buy that many shares, and because even if there were, selling that many would take many months to accomplish, even at a 200M per day trading average, the reverse split is probably needed as soon as possible.
Assuming that 2B shares are currently outstanding, a split of 1 for 20 would result in 100M shares outstanding and a share price of $0.0040. Based on this, PCFG could then issue and sell 600M shares between $0.0030 and $0.0040 to enable them to obtain their 2013 funding of $2M in about a month. They would then end up with a total 700M outstanding shares and have enough funding to achieve this years defined objectives.
Have a good one.
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