CDEL: Public Enemy #1
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I hear ya.
Maybe not... but the facts show no dilution, no convertible notes, a legitimate attempt be go current, a tight float, 41M in assets, a 3M private investor, and quick responses from the company to the shareholders. This is as close as it can possibly get in the pinks.
Show me another like this...
Based on your extensive DD contributions and first-hand knowledge and experience with OTC CE removals, how long should it have taken?
This is really all that needs to be said...
https://investorshub.advfn.com/boards/profileb.aspx?user=575545
Should we buy under 45 or call the SEC cops on them? I'm confused...
IF YOU SEE PGPM CALL THE SEC COPS
45 is a support line. Why would we want to break a support line on purpose?
(only intelligent answers and reasoning accepted Mr. "follow me to the promise land"...)
Not sure we should all get our hopes up for tomorrow. It will be removed when OTC is finished with their process, and as much as much as we all want that day to be immediate, we have to set realistic expectations. How many of you are corporate employees? How quickly does bureaucracy work itself out in your company? It's been slow as shit in all of mine.
What we do know based on verifiable DD through their website is that 'normal' is about 2-3 weeks from last filing.
We are not the first group of investors to feel this way waiting on OTC, and we certainly won't be the last. They probably go through this with a new ticker every month so complaining to them isn't going to accomplish anything.
That said, I REALLY hope they are basing the 30 days off the 'pink limited' status update because, from a logical and logistical standpoint, it makes the most sense.
With an 8 point spread most of this morning, kinda says most are just waiting. The only ones selling are the impatient.
Yeah but look at the ridiculous trading...
Who sells into the low of the day in groups of 10000 or 25000 shares? Please...
Would you pay commission to sell $50 worth of stock? I know I wouldn't. It's clearly MMs or someone else trying to cause panic at the disco so they can buy cheap. No retail seller would care that much about getting $50 out of the market before it hits $48 dollars, lol.
this isn't directed at you, just a statement :)
This is great info DFP!! Thanks!
So according to the agent, the company knows when the CE will be removed?
Is the 30 day min from the day they went Pink Limited Current? Or the day of the last att letter?
$50 took it up 6 ticks...
They must get hundreds of emails daily asking for stuff like this. Delete... Delete... lol
You do know you make it everyone's business when you post, right? You don't want people's opinions? Don't post to a public forum...
https://www.otcmarkets.com/contactUs
Ive never gotten a response by email from them though. Calling is probably your best option.
T. +1 212.896.4400
Funny how OTC thinks they're protecting investors right now...
Why would anyone who talks about getting out every single day, buy more?
You either believe or don't believe, but you can't be both.
PGPM
Everyone is trying for the bottom of the channel at the 50ma. Any sustained buying and you'll see it move up real quick. IMO
Agreed! That's part of what makes PGPM so good, no toxic financing and no dilution!
MME$ had three dilutive MMs selling at the same time yesterday.
We're talking about MME$
I know! I was looking to jump in to MME$ for a sec yesterday but immediately felt bad for everyone as soon as I noticed.
If triple fist dilution doesn't scream get the f out, nothing does!
We're even on big volume so far. 7.2m and counting...
Give it 2 weeks, then compare.
Nope, from a tech standpoint that was a double test of the 50sma. Up from here. IMO
Who did you talk to?
lol Yep. It's like the wild west with a no running sign posted these days...
I know that in all of my previous day jobs, unless the E level was requesting something from me, my attention and efforts went to either the people I liked the most or the person speaking the loudest...
Possible, but I'm guessing the person taking our phone calls has nothing to do with the review. :)
Plus, then it would just be holding us up out of spite... which means they have to put up with more of our inquiries for longer.
I'm sorry I didn't keep track of the avg. It seemed like most were between 2-3 weeks depending on holidays, but I did see a few go through in as little as a week. Not sure what they base that on, but if it is volume of inquiries by the shareholders, we may see it happen really soon lol.
Bahaha!! There aren't any notes. Nice try.
Which ones took between 1 and 6 months? I just spot checked 10+ companies over all 8 pages of the CE changes on OTC markets, and the longest one I found was 23 days. And that one was over new years...
Also, the company has stated multiple times over the past week that OTC is not currently waiting on anything else from them for review.
Do you have some DD to back up your capital letters?
Ahh... for the greater good then. Thanks, bikini girl!
I think it's more of a 'let's watch it for a couple weeks' to be sure the company isn't filing all of the fins because they need to pump for money right away. Kind of like a 'cool down period' when taking out loans from a bank.
To my understanding, after all filings have been accepted and deemed current, OTC Markets monitors the company's filings, share distributions, and all other public disclosures to make sure the company isn't trying to defraud investors. Once it is determined the company isn't an immediate risk to investors, they change the status. As I had mentioned, historically you can see on the website this takes a couple weeks from the last filing.
Despite what some naysayers may be touting, it isn't because they don't trust them. ALL companies go through this process.
Someone correct me if they have a better understanding.
Doubtful. If there is ever an opportunity for me to buy 1M shares for $2K for no reason other than impatience, I would sell every other stock I own at a loss to buy more, and I'm sure a few others would as well, lol.
I'm pretty sure this is referring to when the designation is first applied. We are WAY past that, lol.
Thanks, Dallas. I was more inquiring about the process though. What steps they take, phases, etc.
Also for time, I had asked 'typical' time as this can differ from what is printed on the website. 'Typically no sooner than 30 days' is not what I've been seeing on the website for actual removals. They may say it in print, but in reality they have been taking about 2-3 weeks.
Here's a response I got from the Co today:
Info <info@pilgrimpetroleum.com>
Today, 12:43 PM
Hi
We have communicated with OTC Markets Group today, we understand that they are on the monitoring phase, no other issues or deficiencies.
Thanks
Investor Relations
>
I also just called OTC and they literally would not give me anything. I was extremely polite asking a number of questions about their process, first about PGPM, then not related to any specific company, and he kept giving me the same answer. lol
Me: How long does a review usually take when removing a CE?
Guy: "It depends"
Me: What does a normal review process consist of?
Guy: "It depends"
Me: I'm not asking about any company specifically, just about your process.
Guy: "Yeah, I understand, but it depends."
Me: What does it depend on? Filings? Time spent on CE? Can you give me some examples of things it depends on?
Guy: "I can't. It depends on a number of different things?"
etc...
Anyone have better luck with them?
T-trades are listed after hours but the sale could have occurred at any point during the day.
We closed green +1.75% today. The closing price and chart reflect 0058