The same
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You may be right bud......lets watch!
I have seen a few of these that do just what you talking about and then do just the opposit......that's what I am calling...no harm!
I just started posting here and have been watching this for a week now and reading the details of the company and what they are doing. Got in early here and have been buying since. Just starting to make phone calls and emails on where this company is is going. A little arse back wards but ground floor gut shot........have to take it sometimes........
Good luck to you!
ncpti
Better get in as much as you can to the rush to .01 and beyond!
Now what I am not hearing in the momo is the company and what they are doing. They have a good, solid business, income, trying to get involved in other things.....have a good plan and news coming from the LOI!
Seems to be a no brainier here!
ncpti
It's not going to dip at the open tomorrow, too much attention here now. This should be going to .008/.009 on the finish tomorrow!
ncpti
Yes, I agree Matt needs to answer these questions......
OK, but maybe Matt first needs to...
...tell how much of this - reported July 1 - is still true:
(1) Pilgrim Petroleum Corporation (Pink Sheets: PGPM) (FWB: PHV) continues to engage investors for both re-work and discovery well projects in Archer and Wichita Counties, Texas.
(2) Pilgrim is also in negotiations with investment banking advisors concerning capital acquisition through equity and/or hydrocarbon interests and the negotiation of capitalization instruments from interested investment parties as well as the negotiation of convertible notes soon to be payable to the company from an oil and gas exploration company.
(3) Pilgrim is also actively seeking and negotiating additional producing property acquisitions in both Texas RRC Districts 9 and 7b.
(4) The Company is in the process of moving its headquarters to a larger location as well as the overhaul of point of contact sources such as investor relations and the company's website.
(5) Management of the Company feels that proper shareholder communication is a key to the success of Pilgrim Petroleum.
(6) Lastly, changes in management will be occurring to include the retirement of Rafael Pinedo, Chairman of the company, from the board of directors.
ncpti
No, I think Matt needs to concentrate on the income side first. He may also need some shares to get JV on board for more income after that.
2 bil for a start up, which is just what we are is not really out of line. JMO
ncpti
What do you think needs to be done about the share count???
ncpti
Ok after I collected myself........right on! LOL!
ncpti
If you could only see me after I read your post......you'ld be picking your self up off the floor.........like I just did laughing sooooo hard!
ncpti
Was watching in the morning, but checked in this afternoon after close! Another gainer........!
ncpti
I would like to see more news on this one! They have a good thing if it can be broadcasted and get more connections in areas of concern! I know this takes time....but if they would let us know what they are doing or attempt doing, would be good!
ncpti
Any first grader by now should know that this company is crooked as the San Andras fault.
Didn't see any bashing here, just good folks that got raped by all the RS's warning that this company is crooked as the San Andras fault!! It's explained!
ncpti
OK kdd, last weekend before X-mas to get hammered and this will do it! LOL!
Booty Juice
1/2 oz Midori melon liqueur
1/2 oz Malibu rum
1/2 oz Spiced rum (Bacardi)
1/4 oz Bacardi 151 proof rum
Fill mixing glass 1/2 full with ice. Add all ingredients. Strain into a rocks glass.
3 or 4 of these will make your sideburns curl! Any more than that and they will disapear.......causes tunnel vision!
ncpti
No still in, have stops wide this time....too close to news. The other one I mentioned last night I bailed at .0040 this morning but will be watching that one as well.
ncpti
Matt says it's coming.......
ncpti
I think people should look at what the company is doing instead of "short squeeze", P and D, etc.....! This PR and the LOI is where this is going along with the bottom line. Call it now and you will be on the cutting edge with low shares....jmo
Keep in mind that they need to get the stop off their record and maybe in the next couple of weeks they will do that..those are the most important items here at hand, not just the hype to the moon stuff. Lets see what they will do with the new found upswing of cash influx to the company that they received today!
ncpti
LOL, can and will do! Seems to be an in between weekend since the holidays are so near. So some spices are in order.....I would think........stay tuned! LOL
ncpti
If anyone is bored here I have been watching VYGO this morning and decided to jump in when it stagnated at around .0024/.0025 on a run from .0004. Took my chances and it EOD at .0044. Means I am up good on a first day run.
I did a little DD before I jumped in, all you can go on is PR stuff, might be an interesting play for the next day or so! JMO
When Matt decides to get off the couch and get this rolling, it will be interest here as well.
And Matt is the "MISFIT" that can do it......LOL! MISFIT that doesn't have past collusion, MISFIT that doesn't have previous dealings with anything involved here! Take us somewhere Matt!
ncpti
Looks like a lot of excitement here and a lot of familiar faces showing up..........Tomorrow will be a shake it or break it..imo!
ncpti
Nice run here, didn't see this until the end of the day! Will get on board tomorrow.....if I can get ahead of the run....LOL!
ncpti
My applauds to your effort. That takes some BOLD CONCERN to your investment!
Kraft paper, very telling in some respects. What kind of cars were out front........hope the investors here had paid top dollar for some decent vehicles........I know on other stocks I had bought Caddies for some......LOL.
Bottom line, if it is not open.......then it's shady! What else can you say???
ncpti
Here is my take on the broadcast 12/14/10 .........
The interviewer is very week, didn’t ask pertinent questions of such substances. It was a fair sales pitch, but expecting total upward movement in their product, but not showing connection with resources that would make the connections and contracts to further advance.
Pink sheets and what was boasted in the way of share count don’t match.
Says they are done doing R/S’s..........hum?
Good spill on the up board thing......they all do that!
Now my take on the product, seem to be somewhat favorable....if the marketing can advance in a manor to secure contracts, that will be a tip. This is where we will find that this is and will be an ongoing concern and will rely on future financials and PR’s that can be confirmed to be in order.
Still researching this! Not negative at this point but they need to show a whole lot more!
ncpti
Any time while we are pasing time..........Matt, getting a little boring around here........what's up???
ncpti
Came accross this today and will watch the broadcase tonight. I have send an email to their investor relations as noted on the PR but it is not going through.....does anyone else have a different email that this one??? investorrelations@connectyx.com Thank you in advance.
ncpti
At least you will enjoy the tax write off......and I don't think you miss those 420 shares in the least!
ncpti
LOL what do you want me to hang on to.......not my shares I hope!! I let my RS shares go for a tax write off....LOL!
Seems some should do the same here being down at .0001 and soon to go to no bid.
Did anyone notice that in the last of the trades day that the .0001's were listed as not identifiable of a sell or buy........this is where MM's are selling the .0001's on buys and not the .0002's on ask!
Soon to be no bid!
ncpti
I wonder if those bio-degradable bottles just implode and disappear like the stock PPS did??
ncpti
Check your mail.;\
ncpti
LOL, what on earth would make you think of looking for a reverse split???
ncpti
LOL, I think we all do that...........!!!!
ncpti
I am glad the Senior moderator is very lenient with us here talking about other stocks...........puts me a precarious position being an assistant. But masc has said when times are slow............
2hars, still checking
imbroke, glad you got there
Matt, lets get the ball rolling here!
masc, you going to nail this on your time table?
bobbie's is 4020 or 2040 or 2020.......something like that...LOL!
Where is my lawyer???
ncpti
I asked the question of if RP was to retire....and a few more. Here is the email from Matt..
Hi Matt, just a few questions if you can help.......
Been looking for the financial update, nothing yet on Pink Sheets, when will this happen?
Quarterlies coming soon.
BTW. I love being piggybacked as non-reporting.
Will there be a PR related to the aerial contracts?
Yes.
Will there be a PR before the end of the year??
Maybe.
Can you update any projects listed on PGPM’s website?
Focusing on services.
And questions from the BB, is R. Pinedo still scheduled to retire......as stated from a published PR?
Officially RP retiring. I need him for consulting, due to his connections.
Lease payment or repossession progress?
RRC plugging wells! No cash flow to stop! (Drama queens and haters unite)
Anything you can share with us stock holders will be a good foot forward!
I have a plan and have a moral obligation to the shareholders.
Disclaimer: forward looking and speculative blah blah blah.
Matt
I see he is keeping his sense of humor despite probably many setbacks......but the one thing I picked up on was the blah blah blah to the forwarding looking statement....and in my opinion and in talking with him.....he don't need it! He is on track to do what he says! JMO
ncpti
LOL, them feathers stood up......LOL!
ncpti
LOL, it sure did......need a little help with Uncle Sam. That little write off will help some. I backed the truck up at .16 again and am watching for the next rocket launch!
If Matt can get things rolling here...this will be good as well????
ncpti
Half a tissue, the tax write off took care of the other half...LOL
ncpti
I had that very same tone........!
ncpti
The buys on dollar amount were roughly $4100 at .0002, the sells were more than double the shares but out way the buy for a total of $4418 or there abouts.
The only thing being dumped here are some dirty shorts the investors were wearing since they bought high and sold low to the scramble of trying to sell on the down swing....er mass exodus if you will!
ncpti
I was going to ask the more experienced stock losers about the tax credit........LOL but that didn't sound very good..LOL!
So I looked it up...
IRS Tax Tip 2010-35
Have you heard of capital gains and losses? If not, you may want to read up on them because they might have an impact on your tax return. The IRS wants you to know these ten facts about gains and losses and how they could affect your tax situation.
Almost everything you own and use for personal purposes, pleasure or investment is a capital asset.
When you sell a capital asset, the difference between the amount you sell it for and your basis – which is usually what you paid for it – is a capital gain or a capital loss.
You must report all capital gains.
You may deduct capital losses only on investment property, not on property held for personal use.
Capital gains and losses are classified as long-term or short-term, depending on how long you hold the property before you sell it. If you hold it more than one year, your capital gain or loss is long-term. If you hold it one year or less, your capital gain or loss is short-term.
If you have long-term gains in excess of your long-term losses, you have a net capital gain to the extent your net long-term capital gain is more than your net short-term capital loss, if any.
The tax rates that apply to net capital gain are generally lower than the tax rates that apply to other income. For 2009, the maximum capital gains rate for most people is 15%. For lower-income individuals, the rate may be 0% on some or all of the net capital gain. Special types of net capital gain can be taxed at 25% or 28%.
If your capital losses exceed your capital gains, the excess can be deducted on your tax return and used to reduce other income, such as wages, up to an annual limit of $3,000, or $1,500 if you are married filing separately.
If your total net capital loss is more than the yearly limit on capital loss deductions, you can carry over the unused part to the next year and treat it as if you incurred it in that next year.
Capital gains and losses are reported on Schedule D, Capital Gains and Losses, and then transferred to line 13 of Form 1040.
For more information about reporting capital gains and losses, see the Schedule D instructions, Publication 550, Investment Income and Expenses or Publication 17, Your Federal Income Tax. All forms and publications are available at IRS.gov or by calling 800-TAX-FORM (800-829-3676).
Links:
Publication 17, Your Federal Income Tax (PDF 2015.9K)
Publication 550, Investment Income and Expenses (PDF 516K)
Publication 544, Sales and Other Dispositions of Assets (PDF 321K)
Publication 505, Tax Withholding and Estimated Tax (PDF 367K)
Publication 564, Mutual Fund Distributions (PDF 178K)
Publication 547, Casualties, Disasters, and Thefts (PDF 133K)
Publication 527, Residential Rental Property (Including Rental of Vacation Homes) (PDF 187K)
http://www.irs.gov/newsroom/article/0,,id=106799,00.html
The only thing I am not sure about is if the loss is more that the 1500/3000 limit they set, can it be forwarded to future years??? I will find out from my CPA
ncpti
I had 39,950,000 and after the RS I had 799 shares. I sold just recently for the tax write off......it cost me the trade fee...I think I made 80 cents on the sale but cost me 9.20 to sell.
11/29/2010 12:07:21 Sold 799 NBVG @ 0.001 -9.20 -9.20
Yes, you have to sell by the end of the year to take a loss and get a tax credit!
Them guys there are out to rape their share holders.....I can still feel the pain.....COL and SOL :(
ncpti
Thank you, we have been there....and me twice and still no water but......you have to admit, the packaging looks good as well at the PR's..........that is what I fell into! Lesson learned the last time! Cost lots of bucks!
ncpti
I said this a while back.......
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57049736
In reality, the stock is trading just as you said.....any pop, some are selling......which goes back to what I said, very little holders will get out with some of their money!
ncpti
Sorry for anyones loss here, but everyone that held fast to trying to educate the new investors were pretty much ignored!
ncpti