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there is no bid/ask....grey sheets are matched buy/sell only.
I wonder if there will be an update within the next 30 days.
that is a really god question. Different states have different laws for disclosure. I suppose one could "own" the property and or mineral rights, and lease to anyone they choose. How that information is disclosed may or may not be public information. It appears for Oklahoma...mineral ownership and oil/gas leases are public information.
I don't know why anyone would want to hide, or not disclose that information, but I suppose that is a possibility.
One would think that for environmental protections and safety issues, most states would require ownership and disclosure for the public's best interest when it involves oil/gas wells, or any kind of mineral extraction.
For the States/Counties, it's all about the tax dollar and permits issued, and that is all public info...how to find it is another task.
that would would be correct if they were only funding, but they also stated they are "lease holders and mineral owners". If they were a lease holder and, or a mineral owner, that information would be public information and readily available on the OCC website, and the oklahoma county records site, both of which I listed in the earlier post. Also, they would have to have money to back anyone, which they do not have.
I find it rather telling that they state the following
_____________________________________________
Pilgrim Petroleum is a leaseholder, mineral owner and a net revenue interest driven company and not an operating company, we operate our assets through bonded operators only. Our Business model as E&P company has not changed since we started in 1997.
______________________________________________
do a search for Pilgrim Petroleum at the below link. Now, giving the benefit of the doubt, there are 12 counties not currently supplying data.
https://okcountyrecords.com/
a search for Striper wells does show a couple results...one for striper wells and one for striper energy...NOTHING for PILGRIM
We already know that PILGRIM has no leases, and striper appears to have one well.
can be viewed at this link
http://www.occeweb.com/og/ogdatafiles2.htm
open the xls file under item 1. All UIC wells...line 3213...or do a find for Striper. you will find NOTHING for pilgrim
Fannie Mae Announces Scheduled Release of Fourth Quarter and Full-Year 2017 Financial Results
http://markets.businessinsider.com/news/stocks/Fannie-Mae-Announces-Scheduled-Release-of-Fourth-Quarter-and-Full-Year-2017-Financial-Results-1015064448
WASHINGTON, Feb. 7, 2018 /PRNewswire/ -- Fannie Mae (OTC Bulletin Board: FNMA) today announced plans to report its fourth quarter and full-year 2017 financial results on Wednesday morning, February 14, 2018, before the opening of U.S. financial markets.
Fannie Mae will host a conference call for the media to discuss the company's results at 8:00 a.m., ET, on February 14, 2018. The conference call will be concurrently webcast. The live audio webcast of the earnings release call will be available at http://event.on24.com/wcc/r/1597021-1/06D24F6DC920E9F81C922B408C678B74, and the company's fourth quarter and full-year 2017 earnings news release, annual report on Form 10-K, and other supplemental information will be available on the company's Quarterly & Annual Results webpage at fanniemae.com/financialresults. A transcript of the call also will be made available on the page.
WEBCAST DETAILS – Fannie Mae Fourth Quarter and Full-Year 2017 Financial Results
Please click on the link below to access the Webcast registration page. It is recommended that you test the connection to the Webcast prior to joining the event.
URL: http://event.on24.com/wcc/r/1597021-1/06D24F6DC920E9F81C922B408C678B74
Fannie Mae helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of Americans. We partner with lenders to create housing opportunities for families across the country. We are driving positive changes in housing finance to make the home buying process easier, while reducing costs and risk. To learn more, visit fanniemae.com and follow us on twitter.com/fanniemae.
out of curiosity...which ticker came back from the greysheets and ran up like that?
woohooooo...finally broke through that $80 barrier...on towards triple digits.
we broke $79.50 for a bit this morning...a slight pullback now...maybe by friday we will be above $80
Pilgrim Petroleum is NOT a registered operator in either Texas or Oklahoma. Striper Wells LLC...which is Sam's defunct grey sheet company, does have numerous wells...mostly shut ins...located in Oklahoma, and he ( striper) is a registered operator in Oklahoma.
It amazes me how people will state things about them(pgpm) having operational wells but completely ignore any request for proof.
They did at one time have wells in Texas, and Pinhead lost a judgment against him for compliance failure. One would think that with all the money Pinhead is able to loan through his Crescent Hill Capital Corp....which by the way has never had a customer other than PGPM...he would have been able to clean up problematic wells and comply with the RRC.
And possibly even loan himself a few bucks to avoid bankruptcy and foreclosure on his house.
would be nice to break 80 by end of the month
I believe it was Lena Trade that had called him months back. I gave her a listing of numbers and she did reach him at one of them...not sure which one though.
a bit of further information on Sam's adventures. (Striper LLC ) Interesting to note items 5 and 16 in this filing.
https://www.sec.gov/Archives/edgar/data/1605700/000160570014000004/xslFormDX01/primary_doc.xml
if you by chance get in touch with him...or anyone affiliated with PGPM...please keep us informed.
TIA
This is the info Smith supplied to Oklahoma ...to the OCC
Operator Number: 23746
STRIPER WELLS LLC
Sam Smith 2112 HIGH POINT DR SACHSE, TX 75048-2164
(214) 802-6777
email: SAMSMITH66@HOTMAIL.COM
this was accurate back in July 2017
there is no information for Pilgrim Petroleum - they are not a registered operator in Oklahoma.
I didn't what? and what has Janice have to do with anything? And true...IF there is a new message board for PGPM...or whatever the name might be...I will be there and will post truthful information as I discover it...just as I have on this board for the past 10 years.
I know the truth hurts some people...they don't want to hear that they were scammed. I got scammed in this as well...anyone that bought got scammed....some were lucky as they flipped and day traded and made some bank...others are still holding that bag of PGPM crap.
Please give me one VALID reason not to bash.
That's true...more of a negative than a positive though...as it draws in more bag holders...but...it also allows some older bag holders to recover some or all...which is a positive.
I would absolutely love to see anyone post something POSITIVE this company has ever done for the shareholders.
with proof of course.
TIA
Your right...negativity doesn't help many people. Especially those that have no interest in the truth. A bit of positive thinking.,,,,here goes
Hopefully the SEC will do one of the following this year.
1. complete their investigation and PGPM receives complete absolution.
2. Complete their investigation and someone gets a vacation at
USP Beaumont
Believe me...I do know the feeling. I got caught in this 10 years ago...this short P&D run a few months ago allowed me to get out with only a few hundred k left. I hope others will get the chance to get out as well, but as is the case...someone will ALWAYS be left holding the bag full of chit.
something to think about...this is supposedly a reverse merger of two publicly traded companies...typically a reverse merger is where a private company mergers into and becomes the public company...assuming all debt, assets, share structure, and corporate obligations. The previous public company is absorbed into the private company taking over. This is a typical process for a private company to become a publicly traded company with minimal costs and time constraints. Also, typically the public company is one with little to no assets, and normally a dormant shell or "shelf" company with a clean filing history.
In this case, we have two public companies that will merger and become one. This is typically done when to companies compliment each other and the new whole becomes a greater value than the two separate companies.
Questions to answer
Why would a viable, honest, public company choose to merger with another public company:
1. With a proven history of failure after failure.
2. With a proven history of no income, or assets of value.
3. With a proven history of judgements against them.
4. with a proven history of SEC suspensions / investigations.
5. Will the SEC and FINRA even allow this merger to take place.
no valuation is involved other than the simple math:
1 share of PGPM will receive 1 share of newco.
unfortunately this company has proven in the past that they totally screw over their shareholders in the "dividend" world.
Do a bit of research on the last venture they ran and paid out dividends. Arcland Energy.
Spend 10 minutes and research Arcland...see how they are doing today.
the operator number for STRIPER
23747 - is not a valid operator number for Striper. Mr. Smith appears to have fat fingered a document at some point using 23747 instead of his actual operator number 23746.
a little digging has produced some numbers...
I found an old operator number: OKLHOMA
21814 PILGRIM PETROLEUM CORPORATION
CURRENT records do not indicate they have ANY wells in Oklahoma.
**********************
found two different numbers for STRIPER LLC
(CEO Sam smith's previously suspended company}
23746 STRIPER WELLS LLC
23747 STRIPER WELLS LLC
Striper does have wells in Oklahoma - will do some more digging to see what kind of production, if any.
in the end...STRIPER really doesn't matter, unless of course they are the mystery merger company......then they still don't matter.
Here is the letter...pretty easy to see the NWS is NOT over.
https://www.fhfa.gov/Media/PublicAffairs/Documents/GSEletteragreementfnm12-21-2017.pdf
I doubt they will ever respond to such a request.
Did a bit of searching, and came up with the following..this is for Oklahoma only.
LINK: http://www.occeweb.com/og/ogdatafiles2.htm (all Oklahoma UIC wells) last updated 12-18-2917
Pilgrim Petroleum currently has ZERO wells listed.
As an added note - Pilgrim Petroleum is NOT listed in the Operators Directory update effective 12/15/2017
Operator Number: 23746
STRIPER WELLS LLC Sam Smith
2112 HIGHPOINT DR SACHSE, TX 75048-2164
(214) 802-6777
email: SAMSMITH66@HOTMAIL.COM
API # 3503722740
Operatr STRIPER WELL, LLC
Operator ID 23747
well type 2D
well name DAILEY
well number 15
order number 487195
approvbal date 3/9/2004
county CREEK
zone SKINNER
thank you sir. I read these a week or so back...my take is that there is no LEGAL basis that prevents PGPM from a merger or dividend payout while under investigation.
The only prevention, and I would say it is probably just as good...is that FINRA has to be happy with the proposal and grant permission as long as PGPM does all the required paperwork and notifications within the allotted timeline...AND FINRA believes based on information provided that this is 100% above board. Which I doubt they will do...but who knows. I would expect FINRA will do some deep digging on the "other" company involved in the merger as well.
So in the end...it looks as though this may be yet another wrinkle in the ongoing scam to try to pick up a few more nickels from investors that aren't fully aware of the situation.
The last dividend payout they screwed people with was the Arcland Energy scam...which by the way no longer exists.
Hopefully the SEC will get fed up with these people and give them some time to reflect on their ill advised decisions in one of the FCI's or FTC's around the country.
Agreed...I'm sure if the investigation were over, PGPM would have PR'd that to no end.
It's unfortunate that some people don't want to see the proof that they got screwed over by a scam company. EVERYONE makes a bad investment decision sooner or later...that's just a part of investing. The lower you invest on the credibility rung...the greater the risk/reward possibilities.
I, as well as a few others got caught in this thing 10 years back...took that long for anything to happen, and the P&D from a few months ago was my chance to recover...I did so quite nicely and still hold a few hundred k of this garbage. with that being said, myself, along with quite a few others have posted overwhelming proof of this scam, with some taking heed and some not.
I don't know if PGPM can LEGALLY merger and pay out a dividend while under SEC investigation or not. I've been researching that direction, but have yet to find anything that spells out the legalities of such a move. One would think the SEC would be watching very very closely to ensure everything they do is legal and above board.
I agree completely...and you might be surprised at the number of people that don't know/realize that the OTCBB and pinksheets are two different listings for stocks....they have different minimum requirements per marketplace.
my bad...I'm so used to seeing people interchange "filings" with the OTC disclosures...you get full credit sir.
Their last "filing" was 05/31/2017...that was their Notice of Exempt Offering of Securities...that $300k fiasco that never happened.
anything on OTC is only a disclosure...FILINGS will be on EDGAR website.
https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001441336&owner=exclude&count=40&hidefilings=0
I would disagree with your last statement.
getting a "fair shake" is directly related to one's efforts and determination.
yeah...it's difficult to find a good job that pays well...and no one should expect to start out at the top. On the flip side, there are more opportunities in today's world than ever before to start/create a business.
I hear ya...I feel bad for those that got caught this time. Took 10 years to get out of this POS, and unfortunately holders now have 2 strikes against them and the SEC spector hanging over them as well. I still have a few hundred k that most likely will dry up and blow away in one of my accnts.
unfortunately the media staff, CEO, COO, CFO, CIO, secretary, BOD, and janitor are all the same person....and when you have NOTHING to report, SILENCE is what they do best.
I honestly doubt they will ever recover from the grey sheets, and this ploy to merge with another company is nothing more than a furtherance of the lies and deception they have carried on for the last decade.
Hurry up and wait.....and wait.....and wait.
so I was able to find it in the below link...now..to find out more to check on possibly trading it.
http://www.nasdaq.com/symbol/c.ws.a
that was more appropriate for April 1st or March 1st....lol
what is the ticker symbol for these? I have found two so far, and one I don't know how to look at. I can see the series B, but not the series A. any help is much appreciated.
Series A Warrants
C/WS/A - CWSA (CUSIP: 172967226)
exercise price warrant shares
Dividend - Record Date 11/6/17 $104.961 0.10
Series B Warrants
CGBBW (CUSIP: 172967234) Exercise price Warrant Shares
$178.500 0.10
additional info
http://www.citigroup.com/citi/investor/data/Series_A_prospectus.pdf?ieNocache=18
http://www.citigroup.com/citi/investor/data/Series_A_warrant_agreement.pdf?ieNocache=18
Nice move up this week...AH it has hit $75.10