PGPM's PR in response to the suspension>>>Pilgrim Petroleum Corporation (PGPM), an oil and gas exploration development (E&D) company focus in proven fields exploited by well managed independent oil companies extracting reserves at lower risk and lower cost than unproved prospects. Our parent is Pilgrim Petroleum PLC, a private company (E&P), focus in domestic and international areas where major oil and gas producing companies have reduced their exploration efforts in search of larger reserves.
The SECs order alludes to information related to proper accounting and information disclosure, which the Company has no control over but only our accountants can address specific going concern and opinion in regards assets and retain earnings, moreover any changes in the current financials has to be address on the Audit process. The Company has reached out to the SEC and cooperating to the fullest extent in this matter. We feel compelled to communicate with our shareholders in this instance so they are made aware of the circumstances surrounding the suspension. The Company would like to reiterate that, neither the Company, its officers, directors and, its controlling shareholders have directly or indirectly, authorized or been involved in any way, or the making of any false or misleading statements about the Company.
The suspension will be lifted on morning, July 14th, 2017. The Company recommends that all current and future investors discuss the appropriate steps with their brokers to trade in the Grey Market, until the proper SEC filing for registration take place and is approved. The Company is considering all possible steps to continue the ongoing operations forward based on potential funding opportunities that are currently available, on any matters prior to the suspension, the changes related to management and ongoing operation efforts announce yesterday on the press release has nothing to do with today’s suspension of the stock, our company and operations including other activities already disclosed to the market, will not be impacted with this event, commented Samuel Carl Smith, CEO of Pilgrim Petroleum Corporation. We will inform all our shareholders, on events and activities related to our company via website and to our Investor Relations contact.
Never buy or sell based on my posts! My posts are just my opinion!
