Technical video analysis on hot trending penny stocks Pacific Gold Corp. (PCFG), IC Places Inc. (ICPA) and Bravada International, Ltd. (BRAV)
Pacific Gold Corp. (PCFG)
848 N. Rainbow Blvd. #2987
Las Vegas, NV 89107
Headquarter:
477 Richmond Street
Toronto, Canada M5V 3E7
Tel: 647-288-1508
Mitchell Geisler 416-214-1483
Pacific Gold Corp. is currently focused on alluvial gold and base metals operations located in western North America. Pacific Gold Corp. currently owns four operating subsidiaries. Nevada Rae Gold, Inc. owns and operates the Black Rock Canyon gold mine, located in north-central Nevada. Pilot Mountain Resources Inc. owns Project W, a large tungsten based deposit. Fernley Gold, Inc. has acquired the exclusive lease rights to mine the Lower Olinghouse Placers. Pacific Metals Corp. owns 24 unpatented lode mining claims in San Juan and Dolores Counties, Colorado immediately southeast of Bolam Pass.
Please note:
Common Stock – $0.001 par value; 5,000,000,000 shares authorized, 745,732,651, and 743,732,651 shares issued and outstanding at September 30, 2011 and December 31, 2010, respectively
NOTE 5 – SHAREHOLDER NOTE PAYABLE/RELATED PARTY TRANSACTIONS
As of September 30, 2011 Pacific Gold owes $2,070,031 in principal to a company owned by the Chief Executive Officer. The amount due is represented by a promissory note accruing interest at 10% per year. The note is due on January 2, 2013 and is convertible into shares of common stock of Pacific Gold at $0.05 per share. Interest expense on the loan for the quarters ended September 30, 2011 and September 30, 2010 was $51,750 and $47,047, respectively. Including interest the balance on the loan at September 30, 2011 was $2,225,281.
Pacific Gold owes its executives $124,380 and $136,636 in short term notes payable reflected in the accrued expenses for the periods ended September 30, 2011, and December 31, 2010, respectively. These short term notes are interest free and due on demand.
Pacific Gold owes $434,393 to related parties in short term notes payable for the period ended September 30, 2011. These short term notes are interest free and due on demand.
NOTE 6 – PROMISSORY NOTES
During the nine months ended September 30, 2011, the Company received total proceeds of $807,440 from five individuals. The notes agreements are dated April 1, 2011 and accrue interest at a rate of 10% per annum from the date of the agreements. The principal and accrued interest are due on December 31, 2013.
As of September 30, 2011 Pacific Gold owes $933,140 in promissory notes and accrued interest.
IC Places Inc. (ICPA)
1211 Orange Ave.
Suite 300
Winter Park, Florida 32789
Tel: 407-442-0309, 800-406-1220
IC Places owns and operates 350 city news and entertainment websites. Each IC Places city website offers a virtual keyhole view of life in each community. Every unique aspect of a city’s social, business, and cultural life is available right at each city’s IC Places homepage. IC Places provides the entire community a place to talk, do business and get connected.
Please note:
The Company received a total of $222,500 ($122,500 during 2011) of proceeds, received on various dates, from an unrelated third party in exchange for a series of convertible promissory notes at an annual interest rate of 8% on any unpaid principal and a maturity date of nine months from the date of advances. A penalty interest rate will be in effect for any amount of principal or interest which is not paid when due shall bear interest at the rate of twenty two percent (22%) per annum from the due date. The note is convertible at the option of the holder at any time during the lending period. The note is convertible into common stock at a conversion price of the calculated average of the lowest three trading prices for the common stock during the ten trading day period prior to the date of the conversion notification. The holder has converted a portion of these notes in satisfaction of the amounts due. During the nine month period ended September 30, 2011, notes with a face value of $187,400 and accrued interest of $900 was converted into 7,238,472 shares of common stock, at an average price of $.0259. The Company currently reports the amount due, under these convertible notes, of $112,708, which is net of $5,792 of unamortized financing costs (amortized to interest expense over the term of each note) associated with origination fees from the installments.
Bravada International, Ltd. (BRAV)
322 S. Robertson Blvd
Los Angeles, California
90048
Tel : 1-888-999-8820
Fax : 1-424-288-4154
A Vertically Inegrated Women’s Apparel Company BRAVADA is vertically integrated women’s apparel company that provides the highest level of quality, performance, selection and design. From high performance woman’s activewear and yoga clothes to the largest online selection of leggings and more, BRAVADA specializes in women’s apparel in a way no other company does. BRAVADA provides the highest level of women’s activewear made with a superior supplex fabric in addition to fashion forward sport fashion, leggings and more. By vertically integrating our women’s apparel products, BRAVADA is able to offer its customers the widest selection with quality and design in mind.
Please note:
Share Issuance
During the 3rd quarter of 2011, BRAVADA International Ltd. cancelled and issued shares of class “A” common stock to the following entities:
HANOVER HOLDINGS II LLC 18,500,000
HANOVER HOLDINGS II LLC 15,700,000
E-LIONHEART ASSOC. LLC 27,000,000
HANOVER HOLDINGS II LLC 25,000,000
HANOVER HOLDINGS II LLC 25,500,000
TOTAL SHARES ISSUED: 111,700,000