$ pod install --no-update --no-doc --verbose --no-color 2>&1
Analyzing dependencies

Fetching external sources
-> Pre-downloading: `PodTest` from `PodTest-hg-source`
 > Mercurial download
   $ /usr/local/bin/hg clone "PodTest-hg-source" "ROOT/tmp/install_external_source/Pods/PodTest"
   updating to branch default
   5 files updated, 0 files merged, 0 files removed, 0 files unresolved

Resolving dependencies of `Podfile`
Resolving dependencies for target `Pods' (iOS 4.3)
  - PodTest (from `PodTest-hg-source`)
    - PodTest/subspec_1
    - PodTest/subspec_2

Comparing resolved specification to the sandbox manifest
  A PodTest

Downloading dependencies

-> Installing PodTest (1.0)
  - Running pre install hooks

Generating Pods project
  - Creating Pods project
  - Adding source files to Pods project
  - Adding resources to Pods project
  - Linking headers
  - Installing targets
    - Installing target `Pods` iOS 4.3
      - Adding Build files
      - Generating xcconfig file at `Pods/Pods.xcconfig`
      - Generating target header at `Pods/Pods-header.h`
      - Generating prefix header at `Pods/Pods-prefix.pch`
      - Generating copy resources script at `Pods/Pods-resources.sh`
      - Generating acknowledgements at `Pods/Pods-acknowledgements.plist`
      - Generating acknowledgements at `Pods/Pods-acknowledgements.markdown`
      - Generating dummy source file at `Pods/Pods-dummy.m`
  - Running post install hooks
  - Writing Xcode project file to `Pods/Pods.xcodeproj`
  - Writing Lockfile in `Podfile.lock`
  - Writing Manifest in `Pods/Manifest.lock`

Integrating client project

[!] From now on use `SampleApp.xcworkspace`.

Integrating `libPods.a` into target `iOS App` of project `SampleApp.xcodeproj`.
