Hey Bobber, what's going on.........been gone a long time....

Ah Ha..........been away for a while. Can you enlighten me on the name. I can check into..........

People are still here.........lol. Hey Ralphy, tell us when your going to do a new run....if you told me when the last run was I would have done better............come on dude!

Why would they give you that information....they are non reporting...suspected of fraud, not allowed to trade....trying to eliminate to transfer to another company, probably less than desired results if any if in fact it is going on.

"Management is still on schedule with regard to announcements upon completion of due diligence to be completed in February 2018",

They will eliminate as many stock holders as they can through this process....What.... is a dividend or distribution of shares....maybe like ACLY where you have to register and screwed most with a descending trade price immediately when traded, not allowing share holders time to register.......???? I'll bet your bottom dollar.........same $hit!!!

More information with details of the distribution of shares, and logistics will be available via PR "Press Release".....????

When you deal with snakes, be prepared to be bitten hard...!!!

Oh forgot to mention that RP probably has probably obtained control of the family trust, extremely wealthy money account in France....(which they cut him out of for a number of years...hence his bankruptcy's) and ....my opinion only.... put PGPM into the grey market so family members could not sell, trade, transfer their preferred shares..... Family money is what started RP in the oil business................Follow the money!

I don't think RP will mess with PGPM for a while.....he is too busy.....!!! CEO Smith...even with a bad record is a puppet!

Rafael A. Pinedo

Chief Executive Officer, President, Principal Accounting Officer, Treasurer, Secretary and Director,Gold and GemStone Mining Inc.

Age Total Calculated Compensation This person is connected to 14 board members in 6 different organizations across 7 different industries.

See Board Relationships
49 --

Mr. Rafael A. Pinedo has been the Chief Executive Officer, President, Treasurer and Secretary of Gold and GemStone Mining Inc. since November 1, 2013 and serves as its Principal Accounting Officer. Mr. Pinedo serves as the President and Chief Executive Officer of General Energy Corporation. Mr. Pinedo has been the Chief Executive Officer of AirTrona International, Inc. (Chancery Resources Inc.) since August 2009. Mr. Pinedo serves as a Secretary of Arcland Energy, Inc. He was Founder and Principal of American Investment LLC. He served as the Chief Financial Officer of Gold and GemStone Mining Inc. He served as President at Chancery Resources since October 16, 2008. He served as the President and Director of Engineering and Operations at American Petroleum Corporation since December 31, 2003. He has over 25 years of experience in the areas of consulting, engineering, finance and energy. He served as the Chief Executive Officer of Pilgrim Petroleum Corporation (formerly, BNP Petroleum Corp.), the holding company of American Petroleum Corp. since December 3, 1998. He served as Managing Director of American BNP Resources LP. Mr. Pinedo served as Assistant Treasurer and Secretary of Pilgrim Petroleum Corporation and served as its President since December 3, 1998. He served as Secretary of Implantable Vision, Inc. since July, 2008. He was the Founder and served as a Principal of American Capital Investment LLC. From 1985 to 1999, he built his career in the IT Industry and was a business consultant for Cap Gemini America, Ernst & Young and served as Senior Vice President of Oracle Corporation and Computer Associates International. Mr. Pinedo is working in the IT industry on research and consulting. His experience includes working with companies like IBM Corp., Ernst & Young LLP, Cap Gemini America Inc., Oracle Corp., Computer Associates International Inc. He managed the design, implementation and deployment of several Business reorganization projects, designing and architecting new solutions, marketing and legacy business models into models that are successful in the digital economy. He has been Chairman of the Board at Arcland Energy Corporation since July 10, 2008. He served as the Chairman of Pilgrim Petroleum Corporation until June 29, 2017. He served as Chairman of the Board of Implantable Vision, Inc. since July, 2008. He has been an Independent Director of Mineral Hill Industries Ltd. since August 6, 2008. He has been Director at Arcland Energy Corporation since July 10, 2008. He has been a Director of Copper Belt Resources Ltd. since January 2008. He has been a Director of Chancery Resources Inc. since October 16, 2008. He serves as a Director of American Petroleum Corporation. He has been Director of Gold and GemStone Mining Inc. since November 1, 2013. Mr. Pinedo serves as a Director of Pilgrim Petroleum Corporation. He served as Director of Implantable Vision, Inc. since July, 2008. He served as Director of Next Gen Metals Inc. from December 21, 2007 to September 2009.

Corporate Headquarters*

4020 North MacArthur Boulevard
Irving, Texas 75038

United States

Phone: 972-655-9870
Fax: --
Board Members Memberships*

President and Director

American Petroleum Corporation

2008-Present

Independent Director

Mineral Hill Industries Ltd.

2008-Present

Chief Executive Officer and Director

AirTrona International, Inc.

2008-Present

Chairman and Secretary

Arcland Energy, Inc.

2008-Present

Independent Director

Avis Energy Global Holdings Inc.

2013-Present

Chief Executive Officer, President, Principal Accounting Officer, Treasurer, Secretary and Director

Gold and GemStone Mining Inc.

Education*
There is no Education data available.
Other Affiliations*

Mineral Hill Industries Ltd.

Pilgrim Petroleum Corporation

American Petroleum Corporation

Namaste Technologies Inc., Prior to Reverse Merger with Dollinger Enterprises USA Ltd.

Implantable Vision, Inc.

Arcland Energy, Inc.

Gold and GemStone Mining Inc.

Avis Energy Global Holdings Inc.

You spoke to Smith, hard to believe. Even the two largest share holders that I know of.... 175m and 225M respectively can't even get a phone call back from Smith!

Smith is not the clean up guy.....he is the stand in, stooge, yes man, public representative in place of Pinedo....He is in no way of control of anything...!

He also most likely has a similar contract to former COO Matt O'Bryant who received no pay and no shares. Smith is title only.....to a dismal added reference to a bad resume....

Smith knew exactly what he was getting into....

I have a small amount of shares here... Is the reason the PPS is going down due to exchanging the companies debt for shares and the debtor is selling on the market???

kinda reminds one of the Arcland deal....lol

No kidding, they might tweak it a bit, if Russia is mentioned RUN.....oops....forgot they locked up the bank by efficiently sending us to grey market....

Guess we wait awhile to find out how much we're screwed....

I haven't been paying attention much here lately, but as I catch up on post I see a lot of questions of "when", "meeting", "announcements", "audit"......

I think stock holders are missing a very important paragraph of the Sept 07, 2017 PR and not really understanding.....

Management also announces it has entered into an agreement with a public company for the acquisition of Pilgrim's leasehold portfolio including our Oklahoma subsidiary. Due diligence of the transaction, including completion of the audit of financials, will be scheduled within 30 to 45 days to achieve a successful negotiation of a material definitive acquisition agreement. Under the terms of the Agreement, Pilgrim and its subsidiaries associates will be compensated with a combination of shares and convertible promissory notes, a transaction that will represent a controlling interest in the new company. Disclosure of the Reverse Acquisition will be announced as soon as it becomes available and SEC 8K is file accordantly. Additionally, Pilgrim Petroleum Board of directors and Preferred Shareholders are scheduled to meet on September 15th, 2017 to discuss and approve a dividend distribution to our common stock holders along with a buyback shares exchange. The declaration date, the ratio of the distribution, and buyback exchange will be announced after completion of the transaction.

Pilgrim has told you everything here- Break down this paragraph to its real meaning- ask yourselves a few question, or think realistically ....

1. Where is the LOI.
2. Due diligence....Google the definition.
3. Drop- "including completion of the audit of financials" Who cares...we know they have leases...or so are told!
4. The elusive RM, won't know until an 8K.
5. Directors meeting, to discuss, common stock holders- (How to screw)
6. Declaration date- if they are successful we will know how much we got screwed....and only after its done!!!

I think they locked up the share holders intentionally on the grey market so they have some bag money to deal with or show bank.

Won't happen.....CEO Smith knows why....but he is not talking.....

Load, wash, rinse and repeat...............

Why am I getting the awful feeling of ACLY and/or its proven strategy...

Worked then, why not now???? At least they didn't PR Russia!!!!

Some or one of us old-timers should be half way through writing the novel by now!

Someone is lending them an excavator to keep digging this fantastic hole!!!

But crap.....they may hit Jed Clampett's oil....LOL!

Oh Yes, I will agree. When did you first know when it was a scam???? I knew in 09 when I was locked up for 8 years.

"the gray grave yard of penny stocks. Dig a 6 foot hole"

Your post cracked me up choking....laughing....in my mind I could see worms struggling trying to break ground to see daylight!!!! Middle of the night and no moon!!!! LOL

That must be just a minor oversight...I am sure our executive team have taken care of that since there are no PR's on the subject. Taken care of by our 660mil LOC. Or as well as just stated, maybe they will just have no need to take care of that by way of... RS, M&A, several companies...and what ever they are thinking, and lighten the load by setting aside that American something company.....I don't know....???? Go North young man...er was that West???? It must be a mind boggling feat to audit and put on paper what I am thinking let alone what is really happening....HA!!! Oh, forgot, no audit yet....I got time to think through!

I am just really wondering when we will see some pictures of our new trucks forefront with the Pilgrim logo on the doors...... Pictures something like with our trucks and a backdrop of a leaking grasshopper at a field board meeting with hard hats and golden shovels. I am pretty sure they can get an Indian Chief or two to bless the ceramoney....it would go a long way!

I bet they do that SOON right after they get the SEC crap off their plate......yeah, that is what I think!!!~~~~

lol...I think that is about 99.99% accurate.

Dallas, I think in all ways I would modify your percentage to 99.99999% plus..... And add a portion of the PR which may be the only relevant statement therein.....as follows-

Pilgrim's revitalization strategy is taking shape with the inclusion of M&A activity among a couple target companies and is currently in the compliance and filing phase, and will be followed immediately by the formal execution and ultimately corporate actions phases.

So cut that short, "taking shape", "M&A activity", "couple target companies", "currently in", "filing phase".....

Not sure how far removed the common share holder will be at a later date....kind of like figuring how vast space is...

Suppose it can be compared to a super nova implosion, at which matter is spewed at 3 million miles a second, and won't reach earth for 1 billion light years!

Humor or reality??????

Just so you all know we are trading on the Grey Market. Not a really bad thing for the company, they have total control. No reporting required....to anyone. Most like a privet company. Now note some are wanting share at the cheap.....you don't need to match buy/bid in your trading accounts.....you can contact the company direct and have them issue written cert shares paper form for any amount you like....just send them a check...they will send paper certs. Send the paper certs to your broker for implementation to your account....cost a little...! But what ever.

So Grey Market....I say with a "smile"....pretty much says....na, na, na, good bye. Oh and the audit....well, they won't sign it given the companies information, non complied requested information, non substantiated information from collaborating companies.....

OH....but there is hope here, yes forget about PGPM coming back to trading open market. See last paragraph.

So, remember the 3mil input.....and don't forget about the 660mil credit line and the fact through PR the company is moving forward even through the suspension and moving forward with their plans....they have done.....lets see, oh they haven't told us anything yet...well maybe 5 re-activated well....but where are they....3 million bucks....I would maybe at least have a company truck or two....but that is just me.

And by now CEO Smith....ouch, sucker had at least a month to study the company before he signed on....then it goes suspended...a week later! What a tard on a resume...CEO of an oil company just don't look them up....whoa!

So CEO Smith by now months later after the grant of credit should have every well opened...whoops...pay the fines.....OH WOW, I forgot PGPM doesn't owe fines....something about American Petroleum...our buddy RP still owns that company. I think I forgot more crap than anyone can do DD today...wow. Anyways pay whatever and I would have wells drilled between existing wells and 24 hrs. a day. Should be able to see the area light from space....and buy some more trucks...

However, the light at the end of the tunnel may not be a train, they can sidestep. If it were possible and is they can move into a trading shell, albeit the PGPM stigmatism will still be haunting I would assume to trade open free market....remains to be seen.

The affiliates.....got to love them!

None, go with it!!!

You have to admit this isn't easy to follow:

I would have to agree....not sure spurts of comments will tell the story behind the drop theme descriptively or analogize the content of the original message!

Hey penny2,

I don't believe that family and friends have lost money.....yet! None more or less the in the last 7 years. They still have the share count. This can all be negotiated down line even in greys, with a sale outright or shell sale. They make something one way or another.

Agree... if it were you and I....hell no we would not throw money in this hole....no one would throw that life rope!

But, when you have in my opinion a narcissist sociopath.....there are many options called brilliant relentlessness to obtain goals....

You or me are talking about the former CEO RP.....not the new CEO Smith, there is a little behind the scenes twist going on.

Back in the day...we never tried the SEC, it was an option however!

I don't think this is done.....could be 7 years again.......???

Do an advance background check....he is all over the Pinedo companies...privet ones as well.

Gabriel Munoz -
AKAs Gamaliel Munoz, Gamaliel Munozlopez, Gama Munoz, Munoz Gama, Munox Gama ... 300 S Duncan Ave, STE AVE295, Clearwater, FL 33755-6457.
This guy is just as shady as Rafael. In fact, this is the guy that caused CCRY to nosedive when he dumped all his shares most likely on insider information from Rafael about the sale of the shell to Airtrona, Inc.

No Bobber, we Grey.....now....no need for the company to put anything out...they don't need to.

Until the next PR campaign.....they are dark...!!!! Wondering if RP got his trust fund re-instated.... the spoiled rich boy was loosing 1 mil plus a year.....3rd BK may be avoided...if he got it back....LOL.

If so he don't need PGPM. Wonder if Mama is still alive, maybe he has control of the old France money now and the estate....or maybe POA?????

This Munoz guy has me baffled....don't know what kind of hold he has here....but as shady as they come....

Remember.....Affiliates!

Ok, I put out post # 62614 to see if anyone could gain information on the TA..DTCC and Cede& Co information.

On the board here.... produced no information and I didn't get any either.

The question was asked with gaining some understanding if there were additional share induced into the treasury....this meaning "company shares".....in other words family shares. Specifically in the latest run up.

Selective shares are usually held in paper form, very detailed process to convert to liquid.

If records show no float elevation then the former has not occurred. (talking 500 to 700 mil shares) It would mean sustaining a passage of .01 plus for a period of "time" before any financial entity would entertain conversion.

See if financials carry through.....

Keep in mind.....if this company fails....so does the family money! (oops maybe just a little bit) That's is a bigger story for later....LOL.

Yes, I did come to roadblock and was seeing if any had other way-around....LOL

I have some technical questions and maybe someone can help....

What is the relationship/actions/ongoing concerns between PGPM and DTC/Cede and Co during Grey Market activity?

Are any documents attainable through these agencies?

Can we determine float from say mid 2009 to suspension???

Any documents that would accurately show share holders of record like Pinedo, board members and other major holders? Current?

Affiliate is a scary term which implies a subsidiary group or a person.

In the world of stocks, it has a specific meaning: an affiliate is a greater-than-10% owner.

Pretty much narrows down the list.....

Where is the "CEO" ?

Just off the coast in Florida where RP is piloting the yacht of the 3 mil $$ investor.... can't make this $hit up!!!!

I bet The Amalgamation is with an Affiliate

"...and with help from our affiliates..."

Oh man, not sure how I missed this one......

Affiliates Law and Legal Definition. Affiliates are business concerns, organizations, or individuals that control each other or that are controlled by a third party. Control may consist of shared management or ownership; common use of facilities, equipment, and employees; or family interest.

We'ed be getting RP back......LOL!!!

"...and with help from our affiliates..."

Yes, indeed if it goes that way it will be with an "Afiliados"
,,,,er cohort! And probably in the same business, circle, you know the same skeeeeeeeem of things.

Affiliate is a scary term which implies a subsidiary group or a person. Of course the person who wrote the PR might have thought it was a good big word.....or they are spot on????

Next PR may have some enlightenment...I am still waiting for the share buy back to put back into the treasury.... does that mean they intend to re-sell....I think that is what it means.......

Time will tell, but for now this goes pretty much no where....

Nick, your thoughts on the 5 Reactivated Wells?

Don't have any thoughts yet...waiting on CEO Smith to answer my post# 60901. Maybe would be good to send pictures as well.....er WELL, no pun intended....!!!

Maybe im giving them to much credit and think they are smarter then they really are, who know, time will tell.

The one unfortunate realization that us stock holders must realize is the audit will be only as good as the information that the company gives them to "re-process" the audit.....at this point it makes you go....HHUUUMMM!!!!!

In order to regain compliance with Rule 15c2-11, the company must find a sponsoring market maker willing to file a Form 211 with FINRA, and FINRA must approve it.

So what this is telling us is the company....... needs to get a market maker to file a form 211 to broker/market their stock.

Another good question for CEO Smith on how he will proceed!

@ Least The Office is Not The Elephant Bar![/i]

I know....too bad, the most successful business deals ever made where signatures on a bar napkin!

No it is just not conducive to an acquiring company...jmo

Well I am not sure...what is the new company???

Whenever they mention Russia, run for the exits...

LOL for sure....wasaashooo!

Hope they don't mention anything.... and hope the CEO is on the level. I have good friends here on the board that have serious money connected to this. But some facts have to come out as a real scenario and for us all to watch out!

What I didn't say in that post....

Pull up the ACLY play book....started with an LOI, bought a defunct shell...up board no less....gave PGPM holders shares, touted Russia oil fields....and went bye bye..... with all share holders money.....mastermind....RP.

I am just saying......it worked once....LOL!

Is this dream.....????

Mr. Smith, I have a few questions, comments/opinions that maybe you can address-

I see you have issued a Public Release dated July 25, 2017. Reading therein,

I understand you have sent, answered, altered and adjusted your reporting to SEC and DTCC for review-
Q: Do you have a time frame for this review?

Pilgrim has started an initiative to revitalize the Company and stock value
Q: What would you consider the value of this company currently and in the near future?
The current value is what is listed on the Grey Market now and will be dwindling down to ??? "soon".

Q: The PR indicates that you intend to revitalize the company by executing- LOI for a reverse acquisition with another public company. This amalgamation would occur over two phases including a compliance and filing phase followed by a formal execution and ultimately corporate actions.
LOI- Letter of Intent is it executed by PGPM or another company wanting to assume? Please make this public...

O: filing phase followed by a formal execution and ultimately corporate actions.
The companies share structure is very unattractive to an assuming company, does the above statement mean there will be a reverse share split prior to intended reverse merger?

Q: The company has set a goal of having field services to work in additional 5 wells by Mid-August 2017. "We'll continue to bring inactive wells into production optimizing our oil & gas production through greater production rates, reduced costs, and improved recovery techniques."
Is this indicating that there are current wells that are in production that have not been disclosed since you are continuing to bring wells in production???? What are they and where are
they?

Q: As stated before the operation plan is the same and with help from our affiliates will continue to strive to our focus on reserve value creation and asset divestiture to other entities who will pay premiums for reliable and optimized production, such as Master Limited Partnerships (MLPs).
Indicating that you have affiliates, who are they? Who are the Master Limited Partnerships? What is their incentives?

So while trying to remain Neutral/Positive, this PR is telling me...a simple common share holder, that PGPM is trying to skate around SEC by moving assets and company to another shell because the financials won't hold muster.....and if the new shell has anything to do with Rafael Pinedo, board, chair, CEO or anything connected....this goes in the toilet!

LOL, I put the sign on the intro when I was masc's assistant mod....here is the link....

https://investorshub.advfn.com/uimage/uploads/2009/10/29/misgnsoon1.jpg

So we know what soon means around PGPM....hopefully soon becomes sooner.....????

I have a buy in for 5 mil at .0001 if anyone wants to unload. A-Trade....