Pilgrim Petroleum Corp. (PGPM)

[Dallas66]

It took almost 10 years to "recover" the last time, and oil was almost double the current value in those days. The "recovery" proved to be no more than the typical P&D we all too often see on the OTC. As you said, the previous CEO did a lot of damage....he still has his fingers in the pot, and the new CEO has a track record that somewhat parallels the old CEO...ie...company that has been relegated to the grey sheets, and ZERO successful businesses.

One has to wonder...is Sam that naive, or is he an up and coming wannabe get rich quick schemer that hasn't quite figured it out yet.

Either way...it will be a very very long time, if ever, that they get off the greys. Remember...changing the name of the criminal does NOT release them from their crimes or responsibilities.

One thing we do know for certain...the SEC will be watching them closely, and will be fully aware of any future PR's, OTC disclosures, bumps, hiccups, farts....