PC Gold Inc Ord PCGLF

Dilution is Pollution

[Vantrader]

Once again, we see management of another venture exchange company serving up a cheap private placement on a silver platter to someone who probably doesn't need to make any more money.  Not only does this private placement add 16% to the number of shares immediately outstanding, this could be as much as 33% if all of the warrants are excercised.  This is all occurring when the stock is at a historical low.  This company has been out of money for a few years and has been doing nothing; why the sudden rush to issue so many shares to the privileged few.  Meanwhile, us poor minority shareholders who have been holding the stock for years get left in the dark and dusty wake of the dilutionary sewer.

Did they really need to pay a broker 9% to sell this PP?  On top of that they give the broker 1.4 million warrants at the money that are good for FOUR YEARS!  The PP buyers get the flow through shares at MARKET PRICE:  Hello, there is a tax advantage to these and they should be sold at a premium to market.  The buyers also get the ridiculous 48 month warrants.  You know these people will be dumping the stock in four months even if it craters to three cents as they have their tax write-off and free warrants.

This stuff has got to stop.  The Venture Exchange and the companies that pull this kind of BS have no credibility.  Long term investors get screwed while the flippers line their pockets.

This is a great project but this private placement smells.