Pilgrim Petroleum Corp. (PGPM)

[Helter Skelter]

Was it a scam back then? In 2006?

Not going to get blood out of a stone. This company has never made a dime drilling for oil and at current prices they never will.
PGPM was a scam from the getgo.

Pilgrim common stock could be worth approximately: $US10.07 billion divided by 322,720,011 common shares = $33.15 per share.

You bet it was. Up 809% on the May day 2006 PR! From 1 cent to a high of 13.5 cents and a close at 10 cents on 75,024,994 volume...comes out to about $7,000,000 traded, our friend rakes in $3.4 million and pays for his house. The next day, May 2nd, the pumped-on-steroids-stock hits 28 cents with 45 million traded and closes at 15.999 cents...for another $8 or $9 million traded...how much did he rake from that action?

Yep. Scam from the getgo. Go back to this post to see what happened to the 10 billion dollar valuation and the 900 million barrels in proven reserves...

Link > https://investorshub.advfn.com/boards/read_msg.aspx?message_id=131385726

Good day.

May 1, 2006:



May 1, 2006 PR:



Strong Sell