UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): ~~February~~March 221, 2010

PDG Environmental, Inc.

(Exact name of registrant as specified in this charter)

Delaware 0-13667 (State or other jurisdiction of incorporation) File Number) 22-2677298 (Commission ~~File~~Identification ~~Number~~No.) (IRS Employer ~~Identification No.)~~


1386 Beulah Road, Building 801, Pittsburgh, PA (Address of Principal Executive Offices)		15235 (Zip Code)

Registrant’s Telephone Number, including area code: (412) 243-3200

Not Applicable
(Former Name or Former Address, if Changes Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):


o		Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


o		Soliciting material pursuant to Rule 142-12 under the Exchange Act (17 CFR 240.14a-12)


o		Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


o		Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 14.0301 ~~Bankruptcy~~Changes orin ~~Receivership.~~the Registrant’s Certifying Accountant

On(a) By ~~February~~letter dated March 231, 2010, ~~The~~Malin, ~~Huntington~~Bergquist ~~National~~and ~~Bank’s~~Company, LLP (the “~~Lender’~~Malin”) ~~filed~~resigned anas ~~emergency motion for~~ the independent ~~appointment~~registered ofpublic aaccounting ~~receiver~~firm ~~(the “Request~~ for ~~Receivership”) of~~ PDG Environmental, Inc. (the “Company”). ~~and~~Malin served ~~each~~as ofthe ~~its~~Company’s ~~subsidiaries~~accountant ~~(collectively,~~for the ~~“Borrowers”)~~two inmost recently completed fiscal years. As previously disclosed, on February 24, 2010, the United States District Court for the Western District of Pennsylvania ~~requesting~~granted ~~that~~an ~~The~~emergency ~~Compass~~motion ~~Advisory Partners,~~for ~~LLC (~~the ~~“Receiver”)~~appointment ~~become~~of ~~the~~a receiver of all of the assets ~~for~~ of the Company and its subsidiaries. ~~The~~at ~~court~~the ~~granted Lender’s~~ request ~~for appointment~~ of aThe ~~Receiver~~Huntington ~~for~~National ~~Borrowers, with such appointment effective at 12:00 a~~Bank.~~m. on February 24, 2010.~~

~~Item~~During ~~2.04~~the ~~Triggering~~two ~~Events~~most ~~that~~recent ~~Accelerate~~fiscal years, there were no disagreements with Malin on any matter of accounting principles or ~~Increase~~practices, afinancial ~~Direct~~statement ~~Financial~~disclosure ~~Obligation~~or auditing scope or anprocedure, which ~~Obligation~~disagreements, ~~under~~if annot ~~Off-Balance~~resolved ~~Sheet~~to ~~Arrangement~~Malin’s satisfaction, would have caused Malin to make reference to the subject matter of the disagreements in connection with its reports.

~~Borrowers~~During ~~and~~the ~~Lender~~two ~~are~~most ~~party~~recent tofiscal ayears ~~certain~~through ~~Amended~~the ~~and~~date ~~Restated~~of ~~Credit~~resignation, ~~Agreement~~the ~~dated~~reports as of ~~June~~Malin did 9,not ~~2006~~contain ~~(as~~any ~~amended~~adverse ~~and~~opinion ~~modified~~or disclaimer of opinion, ~~the~~or ~~“Credit~~were ~~Agreement”).~~modified Onas ~~February 22,~~to ~~2010~~uncertainty, ~~Lender sent~~audit ~~Borrowers~~scope, aor ~~letter~~accounting ~~advising~~principles, ~~Borrowers~~except ~~that~~(i) for asan aexplanatory ~~result~~paragraph ofto ~~these~~the ~~events~~report ofdated ~~default~~May 14, ~~Lender~~2009 ~~was~~issued ~~under no~~for ~~obligation~~the toCompany’s ~~make~~fiscal ~~further~~years ~~advances~~ended ofJanuary 31, ~~loans~~2008 and January 31, ~~any~~2009 regarding ~~further~~the ~~advances~~Company’s exchange of ~~loans~~its ~~would~~mandatorily beredeemed atcumulative ~~Lender’s~~convertible Series C ~~sole~~Preferred ~~and~~Stock ~~absolute~~for ~~discretion,~~a ~~and~~subordinated ~~that~~secured ~~under~~promissory nonote ~~circumstances~~and ~~would~~amendment ~~advances~~to ofits ~~loans~~credit ~~be made after~~agreement ~~March 1,~~with ~~2010~~The orHuntington inNational ~~excess~~Bank ofduring $7May 2009,~~200,000.00.~~ ~~Lender~~and ~~reserved~~(ii) it ~~all~~is ~~rights~~anticipated ~~and~~that ~~remedies~~any ~~available to~~report itissued ~~under~~covering the ~~Credit~~fiscal ~~Agreement~~year ~~and~~ended ~~related~~January 31, ~~documents~~2010 ~~and~~would ~~under~~have ~~applicable~~been ~~law.~~prepared ~~Pursuant~~ to ~~the~~indicate that ~~terms~~there ofis ~~the~~substantial ~~Request~~doubt ~~for~~about ~~Receivership,~~the ~~interest~~Company’s ~~will~~ability beto atcontinue as a ~~rate~~going ofconcern ~~ten~~and ~~percent~~that ~~(10%)~~such financial ~~per~~statements ~~annum, to~~do benot ~~repaid~~include inany ~~accordance~~disclosures ~~with~~that ~~the~~might ~~terms~~result offrom the ~~Credit~~outcome ~~Agreement~~of this uncertainty.

~~The~~Other ~~Company~~than isas ~~also~~disclosed ~~party to a subordinated secured promissory note dated May 14~~herein, ~~2009~~during in the ~~principal~~ ~~amount~~two ofmost ~~$4,993,226,~~recent ~~plus~~fiscal ~~interest~~years, ~~which~~there iswere ~~issued~~no inreportable events ~~favor~~(as ofdefined ~~Radcliffe~~in ~~SPC, Ltd.~~Regulation S-K Item 304(~~“Radcliffe”~~a) (~~“Subordinated Note”~~1)~~. The Subordinated Note is subordinate to Lender, pursuant to the terms of a subordinated and intercreditor agreement dated as of May 14, 2009~~ (~~the “Subordinated and Intercreditor Agreement”~~v)). The appointment of the Receiver constitutes an event of default of the Subordinated Note, and subject to the terms and conditions of the Subordinated Note and the Subordinated and Intercreditor Agreement, Radcliffe is entitled to certain remedies, including acceleration of the obligations thereunder.

~~Item~~The ~~5.02~~Company ~~Departure~~requested ofthat ~~Directors~~Malin furnish it with a letter addressed to the Securities and Exchange Commission (“SEC”) stating whether or ~~Principal~~not ~~Officers;~~Malin ~~Election~~agreed ofwith ~~Directors;~~the ~~Appointment~~above statements. A copy of ~~Certain~~a letter ~~Officers;~~from ~~Compensatory~~Malin ~~Arrangements~~to ofthe ~~Certain~~SEC ~~Officers~~dated March 4, 2010 is filed as an Exhibit to this Form 8-K.

~~Effective~~Item on9.01. ~~the~~Financial ~~days~~Statements ~~indicated below, the following board members~~ and ~~executive officers have tendered their resignations from the Company and each of its subsidiaries:~~Exhibits.

Name	Title	Date of Resignation
James D. Chiafullo	Member, Board of Directors Member, Compensation Committee Secretary	February 22, 2010
John C. Regan	Chairman of the Board of Directors President and Chief Executive Officer	February 23, 2010
John Kelly	Chief Financial Officer	February 23, 2010
Richard A. Bendis	Member, Board of Directors Member, Audit Committee Member, Nominating Committee	February 22, 2010

(a) Not Applicable.

(b) Not Applicable.

(d) Exhibits.

Exhibit 16.1 Letter from Malin, Bergquist and Company, LLP dated March 4, 2010, filed herewith.

Edgar Berkey		Member, Board of Directors Member, Audit Committee Member, Compensation Committee Chairman, Nominating Committee		February 22, 2010
Edwin J. Kilpela		Member, Board of Director Member, Audit Committee Member, Nominating Committee Chairman, Compensation Committee		February 22, 2010

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	The Compass Advisory Partners, LLC, as receiver for PDG Environmental, Inc.
	By:	/s/ Jack Teitz
		Name:	Jack Teitz
Date: February 26, 2010		Title:	Receiver


The Compass Advisory Partners, LLC, as receiver for PDG Environmental, Inc.
By:	/s/ Jack Teitz
	Name:	Jack Teitz
	Title:	Receiver

Date: March 4 , 2010

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