OTC Bulletin Board
S & P Company Insight for PACIFIC GOLD CORP |
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Profile
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| Business Summary: Pacific Gold Corp. engages in the identification, acquisition, exploration, and mining of mineral properties, primarily gold and tungsten, in the United States. | | | Address
157 Adelaide Street West
Suite 600
Toronto
, Ontario M5H 4E7
Phone: 416-214-1483
Website: http://www.pacificgoldcorp.com
| | Auditor |
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Mantyla McReynolds
| | Transfer Agent |
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Olde Monmouth Stock Transfer Co., Inc.
| Employees: 5
ShareHolders: 7000 | Founded: 1996
Domicile: Nevada | | | |
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Background
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| Pacific Gold Corp. engages in the identification, acquisition, exploration, and mining of mineral properties, primarily gold and tungsten, in the United States. The company, through its subsidiaries, owns interests in various claims, properties, and leases that are located in Nevada, Oregon, and Colorado. Pacific Gold Corp., formerly known as Blue Fish Entertainment, Inc., was incorporated in 1996 and is based Reno, Nevada. | | History: INCORPORATED in Nevada Dec. 20, 1996, as Demand Financial International, Ltd.; name changed to Blue Fish Entertainment, Inc. Nov. 25, 2002, and to Pacific Gold Corp. Sept. 8, 2003. | | | | Subsidiaries: |
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Fernley Gold, Inc.
Nevada Rae Gold, Inc.
Oregon Gold, Inc.
Pilot Mountain Resources, Inc.
| | | | | | Capital Expenditures, thousand. US Dollars |
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| Year | Amount | | 2007 | 580 |
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Management
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Management
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| Officers | Position |
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| Robert Landau | Chairman, President & Chief Executive Officer | | Jacquelyn Glazer | Chief Financial Officer, Chief Accounting Officer & Investor Relations Contact | | Mitchell Geisler | Secretary, Treasurer & Chief Operating Officer |
| | Directors |
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| Mitchell Geisler | | Robert Landau | | | |
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Annual Report
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| Annual Report |
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| | | Income Statement | |
| 2007 | 2006 |
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| Sales | $123,455 | $85,522 | | Production Costs | 316,339 | 462,814 | | Depreciation | 801,777 | 687,791 | | Gross Margin | (994,661) | (1,065,083) | | Mineral Rights Expense | 617 | 26,388 | | General and Administrative | 2,162,289 | 2,881,723 | | Loss on Sale of Assets | 313,988 | 110,642 | | Asset Write Down | 379,466 | 250,104 | | Interest Income | 1,121 | 3,963 | | Change in Fair Value of Derivative Liability | 2,903,255 | - | | Loss on Extinguishment of Debt | (190,185) | - | | Interest Expense | (3,486,586) | (4,505,735) | | Net Income/(Loss) | $(4,623,416) | $(8,835,712) | | Basic and Diluted Earnings/(Loss) per Share | $(0.07) | $(0.17) |
| | | | Balance Sheet | |
| 2007 | 2006 |
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| ASSETS |
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| | Current Assets: |
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| | Cash | $14,934 | $86,853 | | Restricted Cash | 30,542 | 87,505 | | Accounts Receivable, net | - | 407 | | Inventory | 30,222 | 26,251 | | Prepaid Expenses | 205,103 | 52,026 | | Total Current Assets | 280,801 | 253,042 | | Property and Equipment, net | 3,581,884 | 4,386,137 | | Deposits | 22,982 | 62,792 | | Reclamation Bond | 189,218 | 208,719 | | TOTAL ASSETS | $4,074,885 | $4,910,690 | | LIABILITIES AND STOCKHOLDERS DEFICIT |
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| | Accounts Payable | $700,683 | 661,721 | | Accrued Expenses | 357,952 | 608,375 | | Accrued Interest | 348,286 | 68,346 | | Notes Payable - Shareholder | 1,395,000 | 1,395,000 | | Total Current Liabilities | 2,801,921 | 2,733,442 | | Convertible Debenture | 1,673,223 | 2,210,883 | | Derivative Liability | 111,594 | -- | | Common Stock - $0.001 par value | 75,127 | 55,672 | | Paid-in Capital | 19,178,410 | 15,052,666 | | Deficit | (19,765,390) | (15,141,973) | | TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT | $4,074,885 | 4,910,690 |
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Interim Report
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| Interim Report
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| | | Data Not Available | | | | | | | | | |
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Pro Forma Report
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| Pro Forma Report
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| | | Data Not Available | | | | | | | | | |
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Quarterly Report
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| Quarterly Report Information
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| | | Quarterly Revenue, US$ |
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| Year | Quarter | Revenue | | 2007 |
1 | Nil | | 2007 |
2 | Nil | | 2007 |
3 | 120,000 | | 2007 |
4 | 10,000 | | 2007 |
Full Year
| 120,000 | | 2006 |
2 | Nil | | 2006 |
3 | Nil | | 2006 |
Full Year
| 90,000 |
| | | | | | Quarterly Net Income, US$ |
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| Year | Quarter | Revenue | | 2008 |
1 | (1,310,000) | | 2008 |
2 | (930,000) | | 2008 |
3 | (680,000) | | 2007 |
1 | (450,000) | | 2007 |
2 | (1,580,000) | | 2007 |
3 | (1,910,000) | | 2007 |
4 | (690,000) | | 2007 |
Full Year
| (4,620,000) | | 2006 |
2 | (1,740,000) | | 2006 |
3 | (2,330,000) | | 2006 |
Full Year
| (8,835,700) | | 2005 |
Full Year
| (5,016,000) | | 2004 |
Full Year
| (990,000) | | 2003 |
Full Year
| (230,000) |
| | | | | | Quarterly EPS, US$ |
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| Year | Quarter | Revenue | | 2008 |
1 | (.02) | | 2008 |
2 | (.01) | | 2008 |
3 | (.01) | | 2007 |
1 | (.01) | | 2007 |
2 | (.03) | | 2007 |
3 | (.03) | | 2007 |
4 | (.01) | | 2007 |
Full Year
| (.07) | | 2006 |
2 | (.03) | | 2006 |
3 | (.04) | | 2006 |
Full Year
| (.17) | | 2005 |
Full Year
| (.17) |
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Stock Data
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| | | Capitalization as of 03/31/2008: | | | | | Authorized Shares | Outstanding Shares |
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| Preferred $0.001 par | 5,000,000 | None | | Common $0.001 par | 500,000,000 | 92,156,293 |
| | | | LONG TERM DEBT: $1,618,160. | | | | Common $0.001 par | | | | DIVIDEND RESTRICTIONS: Under the terms of convertible debentures, the company may not pay cash dividends while the principal is outstanding. | | | |
Stockholders:
03/26/2008,
7000.
| | PRINCIPAL STOCKHOLDERS: December 31, 2007, Robert Landau owned or controlled 23.5% of the Common and ZDG Holdings Inc. 22.1%. | | | |
Transfer Agent: Olde Monmouth Stock Transfer Co., Inc.
Atlantic Highlands
, NJ | | | | OTC Bulletin Board( Primary): PCFG | | | | Exchange | Year | High | Low |
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| OTC Bulletin Board | 2008 | 0.1000 | 0.0000 | | OTC Bulletin Board | 2007 | 0.4200 | 0.0400 | | OTC Bulletin Board | 2006 | 0.4100 | 0.2150 | | OTC Bulletin Board | 2005 | 2.1000 | 0.2400 | | OTC Bulletin Board | 2004 | 1.1400 | 0.1650 |
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| | | | DIVIDENDS: Common $0.001 par: None. | | | | | |
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