Pilgrim Petroleum Corp. (PGPM)

[1manband]

The law is the law. Read the applicable Wyoming statute (Wyoming Statute 17-16-640).

What I said is 100% correct. Common shareholders are only legally entitled to what is available after debtors and creditors receive (or can receive) 100% of what they are owed. And to prove it, a company must have current GAAP compliant financial statements. That is all stated very clearly in the law. It applies to every company, public and private, exchange listed or OTC. Laws still apply in pennyland, no matter how much some wish they didn't.