Pros
No learning, no projects, no salary. Everything is delayed to tomorrow(project/learning) or next month(salary). The head of company is a fraud. Do not go for it. You will be promised salary and learning opportunities, but he is just after money which he gets from these
--Basic Hacking Workshops in colleges(where they just tell about 10 points,uou can read anywhere from google)
--PhP, HTML, CSS training etc, promising good career, Do not fall for that too
--Java , .NET training etc for which they even don't have good trainers.
Cons
-->Money Minded people. Total waste of money and time.
-->and just when you think you head is friendly to you,and you have good chances of getting salary finally, you are about to be fired, or you will do so, if you are even little worried about your carrier.
--> And training is very simple/basics, but yes if anyhow there is any work to do, you are expected to work as 10 yrs experienced employee.And most of the work is making calls to colleges,and see if they can be trapped for a workshop, with a promise of hiring students from that college.