The questions are very basic, and which every share holder has a right to know. Holding out for the next few PR's for something substantial.

ncpti

I might get interested again here if the company would put out some information......and update pink sheets to remove the stop sign. Need to see some financials as well....

ncpti

I think we all see that if the new management wants to and is doing things right...AND can undo or correct the past for the share holders.....he has a hard road to hoe! No doubt!!! This here is a tough crowd!!!!

There is no doubt in my mind that it's not going to happen overnight...depending how wrecked the train is, might not happen. We screemed for new management, we have it now....lets see!

On the same note I have made some good kills on porported shady stocks...some of the recent DFTS, GCOG, FFGO, SFMI...but a fair hit on NBVG. For the recent 4 wins / 1 loss. Saving the loss for a tax write off if this one can shed some light...LOL!

ncpti

hopefully, the promises of new effort and plans are legitimate and in the interest of the shareholders

Me to, I don't like my chain yanked. It needs to be proved, I will be the first to tell us that! The burden of disclosure is on them, they know it! And as I said, good or bad, we need to know something more than we know now!

I would have to remain on the positive side that something has changed and they are moving in the "right" direction....for us. And it needs to be proved!

Thinking otherwise..as least for me....just wouldn't be fun! And I am here for the fun of it, not the necessity of making a living! To trade, gamble, play the stock, risk in the pink.

Still, donesn't mean I (we) are to look the other way! Let's see if they can get it right under new management!

ncpti

Agree....WE don't have all the info!

LOL, WTF ??? (why the fiction) = non reporting pink.

ncpti

LOL, why not "gush" over the QUALITY of responses, it's something more than what we had previously. A form of communication starts somewhere, sometime, somehow.....and looks to be a start of more to come...and WILL come in other forms that will be proper. jmo

I agree as to the facts! As to yours (opinion) could be turned to the complete oposite........and not making that right either!

I would require them to completely transparent, good or bad! If the company has gone south to say, and the NEW management has to pick up the pieces, re-track, put the wheels back on track, it's going to take some time, I would think! I suspect we will see more transparency as this moves along.

There are lots of questions to ask, and those are good questions to ask! In fact, they have been asked!

ncpti

Yeah, I'd say I triggered out just at the right time there. I am sitting out there for a while. Good jump on your part with the .18's.

Here, MM on .0006 are real light with shares. If this gets some excitement somehow we will get the jump on the them until they load. I got time.....breathing easer with some cash banked. The government will love me next April....LOL. Unless I can manage to lose it all......uh????

ncpti

Hey buddy, the noise has started..and this is what generates interests.

I agree, there was nothing apparent in the lack of transparency tied to events......what events??? I see none in record! I see some barrels from an undisclosed operator being reported. I would think any major events would be disclosed in some manor???? At least an 8K? (from the reporting company)....woops, they got knocked back...... Where is it...maybe a good question to ask?

The leases, I suspect they are operating the leases they have retained or re-retained????....as well as the new arrangement disclosed in the recent PR. We have to some degree the agreement disclose therein. 30% plus management. Note, this is new and most likely associated with the old company and not their dealings of the ACLY thing. There has been a break........and still pretty much as it was as tight as a drum during the period just after the "swap" if you will.

My opinion is that since, and maybe some time before, there was some sort of separation of sorts that allowed PGPM to stand along. What that is or was, needs to be acknowledged. Good or bad.

Seems that there is movement in a forward motion with the events of PR and communication via share holder(s), suggest to me that there is some holdings that are workable, privet investment or partnering ongoings, performance base incentives, etc....??? And it appears that will continue for the purpose of the bottom line, as stated.

I think "SOON" has expired and there will be upcoming events that will enlighten us one way or another.....in the near future....or soon. LOL

ncpti

LOL, don't take your eyes off the road in that case!!! You know what happens when your guaking..... Always the best!

ncpti

Nope not trades, only ones interested here right at this point is who is here now......but we bought all the shares we want at this point.....!

ncpti

It take it that what ever he has planned is going to be better than what we just went through the last year and a half...which was nothing!

ncpti

I did state either "bad or good"!

Depends what side of the fence your on in the view of.... there was a deal to go through and now it's not, so your not going to be happy. Or, there was a deal to go through and now it's not and you didn't want it to, your happy????

Either way, I get the thought of he is looking out for share holders to the most extent possible since he took on trying to get things cleaned up in the short time he has been there!

At least we are hearing something, and things are moving in some direction in stead of another year and a half of silence!

ncpti

I was just thinking that next Tuesday is June....and about to post that we need some news, then I just received this

Mr. O'Bryant responses are below in red-



From: ncpti
Sent: Monday, May 17, 2010 9:10 PM
To: mobryant@bpetroleum.com
Subject: Re: PGPM


Hello Mr. O'Bryant,

As you know there is a real underlying trust issues and transparency problem with the ACLY/PGPM deal that investors are concerned with, and have not been given any substantial information regarding such for a very long time.

Yes, I am VERY aware. I am working diligently to resolve these issues that investors are concerned with. As I have stated before the Shareholders are the top dogs and I will run this company to create an increase in share value through tangible means such as a positive EPS.

There will be, is and have been, an absorbent am out of speculation regarding this transaction on the stock boards, as everyone and their mother will comment as to their views, including me.

I know, I’ve read them. Some border on slanderous. I have a thick skin and they can say whatever they want. I have a company to clean up and don’t have time to follow the comments of disgruntled investors. Everyone can simmer down and hold on for the ride.

Will there be some clarity with this deal in the upcoming PR in June regarding the note? I think with some transparency here, bad or good, will be most up front with the stock holders.

Clarity and disclosure are coming but I need the company to be positioned in a positive way with positive tangible news before dropping all the Press.



Please advise. Thank you.



. . . and yes you can post this.


ncpti

They've lost their standing with the RRC in Texas... so are unable to act as bonafide operators of any properties. That pretty dramatically limits the range in the potential... at least up until the ACLY and PGPM principles are no longer owners.

The following tells us there is one way to skin the cat...possibly, don't really know for sure...on this one! Which relates to one of your statements of being in the play as a subortinate....If they are not the majority and holder, they are the minority taking a percentage....it would fit with the senerio....????

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50150301

And note this also in the same PR;

Pilgrim will retain approximately 30% ownership and will act as the Managing Venturer for the project. Finally, work over developments have been ongoing to include lease due diligence and engineering studies as well as business development with our nitrogen injection technology.

This is one of the held leases PGPM had in possession and they either sold 70% of the lease to a well operator, or gave it to a well operator for a 70% write down and still be able to profit 30% of the earnings! The operative words being "retain approximately 30%".

That doesn't sound like delusion to me by any stretch of the imagination. That being said, and my statement above likened to a start up company, I would expect a certain amount of delusion for either capital (hard dollars) for new land purchase, equipment, research and development, refurbishment of old wells, etc. Each item just noted can add value to this company, and share holder value as well if it can be related to the bottom line! We will see when they post the 2nd and 3rd quarterly reports. Would even mind some convertibles for a working arm of the company, as long as it produced some bottom line value!

Sure, there are many questions......

ncpti

Well, there is something changing here, unfortunately we don't really know much about what it is. We only learn after the fact!

Actually we don't know squat about the deal.........with ACLY. And that has been a year and a half now! No financials, seems to be trouble with that.....at best! So I don't go there to looking for any answers! There is none, but only speculation! Nothing to sink your teeth into, except there have been some production, income, what's the money been doing...and ongoings of which we have not been enlighten to, new operator of which we know nothing about and how they were indoctrinated!

Seems that there has been a change in management with PGPM, which is transfered to some extent, delegated, or bought out, we don't know...yet! But it would seem that it places somewhat an arm's length dealing set up with anyone in control, and the companies involved in previous dealings, with the common people associated........ "or" the appearance of it.

If someone has got their tit in a ringer here, it will come out! If someone is above board and got their tit in a ringer here, for lack of foresight it will come out. If someone has got their you know what in a ringer here, out of let's play the shell game and when the music stops...we will see who's sitting where....it will come out! This is as far as the PGPM lease sales goes, and who's sliding who.......or what happened???

Reminds me of my cat and dog......they don't get along with each other....but they are best buddies, goe figure, same family...LOL!

I'd say the tide has turned, something has or is washing out what was washed ashore....just a hunch, jmo???

ncpti

Just goes to show ya, you can make a penny or two whatever the circumstances! Over there the company can fail but management can win regardless. Here, we still have close to no clue! LOL

One thing for sure is they are PR'ing a gain, and someday we will be inlightened........

ncpti

Glad your back....now this will get interesting with your analogical aptitude.....! Love the stuff, especially the gold mine stuff, where I actually most agreed with you....but made a few bucks to boot!

So here, something changed, we don't know what.....yet! Yes, they, (ACLY) have been productive somewhat, or should we say the leases at this point????.....but not likely to cough up "a" 10 mil note called by PGPM at roughly 600.

Is the 10...part of the deal of the 40? A payment arranged? See here's the atrocity... no transparency!

I pointed out way back that Lariat was dealing to sell leases, then it just dropped off the map. Seems like it was a done deal in the works but nothing was disclosed.

Anyways something sparked your interest again to post again....!

ncpti

It tripped my stop loss today, walked with 62K off a 4K investment. I am going to sit that one out for a while now. It was nerve racking watching the up and downs.....LOL, but fun! Wait until this one goes........the CA's xanax supply will be dwindling......LOL!

Pink Sheets was upgraded to limited!

Matt has both feet on the ground and starting to sink the teeth in!

ncpti

Pretty much your right, but start to do some serious DD and look at the financial statements. You will see an increase over the years of up, thats up to the shell transfer. Then you will see all gone wrong. No income for the following year. The working arm went with the new company. All working assets were transfered to the shell. Something went wrong and we really don't know what!!!!

We have no info regarding what was done during this period. I'll bet bottom dollar there was something done as far as income.....but there is nothing listed that I can find. One private company and one sub company were to purchase assets from PGPM, and there was to be a transfer of stock holder equity to the purchasing shell. This was stopped (or held up) by SEC, but we did get dividends prior to the actual exchange of stock. This is and was to, (as I see it), to our benefit. Then stopped (further by the company), and statements issued, not to the share holders best interest "at this time". (Stopped by the company at that point of further transfers), as we would have been most likely paying for the leases on the other side.

To date, ACLY has not responded to the SEC. It won't happen, can't, will never, in my opinion. Possible tainted shell as claimed or the structure of the deal did not adhere to reasonable standards. There was non-arms length negotiation (maybe), ....again in my opinion. And could be reasonably assessed as apparent.

Since then there was a displacement of management (remember what share holders wanted)....most likely to dispel non-arms length dealing, and the company is forging ahead despite the set back of a possible failed deal??? Still no black and white on this as masc points out!

So what your seeing now is a remnant company, dealing with less than what they use to have forging ahead. Ahead of any settlement of the deal gone sour, with their retained assets!

You haven't heard about the sour grapes of ACLY have you...from PGPM, but only about the progress of PGPM..........picking them self up off the floor...if you will.

Seems very apparent to me, anyone see it similar???

masc, lazotrade, bobby and others have had communication with RP during the declared "silent" period........most of which came out ugly, for fear of insider info, or some other...chit! That includes myself. In fact it was me that sent to masc, to include the "SOON" sign on the I-Box. I am and have endured the "Soon" generation! LOL

I think hands were tied, (legally), things were not going as planned, possibly due to inexperience of some, shell problems, SEC intervention or questions......even people in charge, in common! "I DO NOT THINK THERE WAS A DELIBERATE ATTEMPT HOOK THE SHARE HOLDERS IN THE BAG". But a very complex dealMost unfortunate not to see an accident about to happen, but it does all the time! Learn and go from there. See if they can pick up the pieces!

I am not a pumper, or masc would have kicked me off long ago. Only a positive outlook, base on what DD I have done, and what I have seen recently, and what communication I have with management.

I even asked masc to delete some of my posts, as I recognized as being non-TOU.

I am pretty sure that I am seeing a company with a new start, and a possible a big kick upward with lease retainment or some money due, (which ever comes first). I see the position of PGPM being superior in that case.........JMO!

Sorry for the long post....LOL!


ncpti

What this appears to be (in essence) is a start up company. Note, a start up company with a large lease portfolio.


Since what is most likely a failed merger to an up board shell. I don't think that the 10 mil / 40 mil, (whatever it may be) cash is going to appear out of thin air. But the land leases are real that can be reverted. In any event, I don't think it's going to be cut and dried either, nor do I expect it to be settled in June.

Here is a clue in general why I say start up......excerp from the PRNewswire March 29, 2010;

In addition, we are pleased to announce our first joint venture partnership focusing on the drilling of a discovery well in Northwest Texas.

And note this also in the same PR;

Pilgrim will retain approximately 30% ownership and will act as the Managing Venturer for the project. Finally, work over developments have been ongoing to include lease due diligence and engineering studies as well as business development with our nitrogen injection technology.

This is one of the held leases PGPM had in possession and they either sold 70% of the lease to a well operator, or gave it to a well operator for a 70% write down and still be able to profit 30% of the earnings! The operative words being "retain approximately 30%".

That doesn't sound like delusion to me by any stretch of the imagination. That being said, and my statement above likened to a start up company, I would expect a certain amount of delusion for either capital (hard dollars) for new land purchase, equipment, research and development, refurbishment of old wells, etc. Each item just noted can add value to this company, and share holder value as well if it can be related to the bottom line! We will see when they post the 2nd and 3rd quarterly reports. Would even mind some convertibles for a working arm of the company, as long as it produced some bottom line value!

Sure, there are many questions to be accounted for, not just the ACLY thing and the note, but even within the last few PR's we just received. I have already started a list just like the email I posted. Also it was indicated that we will be getting PR's relating to the questions I asked.

Doesn't seem like the company we were in last year, and I noted something changed even before O'Bryant became president and COO, and before they resumed to PR'ing. I asked O'Bryant if I could post his reply email to me in it's original form, he didn't have a problem with that. I sense a certain degree of transparency and direction. Different management different company. My opinion.

Your right masc, don't marry these pinky's, trade them. Weird things can happen with pinky's though...look at SFMI, I bought in at .02 for 200,000 shares........it closed today at over .40! And there are a few well respected IHUB members that have pointed out that it was a scam in that management would profit even from a fail. Don't worry, I do have a stop loss on that one with a fair gap.

Good luck here to everyone, however they trade!

ncpti

Maybe if some of us hang on long enough we can take it green instead of red...LOL! Of course "long" being the operative word and "enough" being...hum...probably an oxymoron, in the same sentence...LOL////

ncpti

Well lets see how it goes, I am sure he has his plate full trying to recover this company! But that is also not to say there won't be other news out before then!

ncpti

Here is some news for you via email.........

Back on the job!

And a very straight forward response;

--------------------------------------------------------------------------------
Matt O'Bryant [mobryant@bpetroleum.com] Sent: Mon 5/10/2010 3:10 PM

Responses are below.
Matt O’Bryant


From: XXXXX
Sent: Monday, May 03, 2010 9:03 AM
To: 'Matt O'Bryant'
Subject: PGPM Progress

Good morning Mr. O’Bryant,

I do know that you are very busy these days, if you could respond to a few questions that I have, it would be most appreciated;

Back in March PGPM issued a public release, via PR Newswire 3/29/10, indicating that it had called a 10 million dollar note. Will there be a follow up PR indicating the status of this action?

There will be more PR concerning this in June.

Also in that PR it was indicated that a new JV came on board, can we identify this new JV?

JV in the release was utilized as a term relating to a “Texas Joint Venture” which is a capital acquisition tool that has been used in the Oil and Gas Industry for a very long time. More via PR at a later date.

When will the website be updated, it is lacking the latest public releases.

We have hired someone to redevelop our website to include such things as white papers, press releases, photos, videos and bulletin boards. All info will be categorized by our intended redevelopment project load. As a result I have been ignoring our current website for the past couple of weeks but I will send a note to have some basic items corrected.

What is the status of the new PR firm?

We have several PR options available that we are investigating. We understand how important this component is to achieving an increase in investor awareness.

Again, your communication with me will be most respected.

Thank you.

ncpti

I was here before "Soon" was a joke

LOL, that statements just cracks me up..LOL!

Yes, masc is playing this right!!! I have lots of respect there.

ncpti

Since before Dec 07, yeah I would say LONG!

It is a smaller injection unit but lets hope it packs a big punch to the bottom line in revenue!

We seem to be moving in a better direction than, lets say....last year!

ncpti

randy, nitrogen units come in all sizes depending on the application and pressure requirements. Sorry, couldn't get the pictures to paste, but they range from little back of pick-up boxes to semi truck size, units that are towable....

ncpti


--------------------------------------------------------------------------------

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--------------------------------------------------------------------------------

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--------------------------------------------------------------------------------

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truck mounted
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--------------------------------------------------------------------------------

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--------------------------------------------------------------------------------

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offshore High Pressure Nitrogen Generating Units (750 HPNGU-ZII-95-5000)

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It's like watching bumpers rusting.......We need a live video feed of re-working a well...or something!

ncpti

Weird trading today, but someone just picked off 2.5 Mil at .0005 buy. Good accumulation at .0005!

ncpti

See the .0005 for sell.........who but an MM would sell 3000 shares for $1.50!!!!! Games

ncpti

Oh heck no, not good at all for ocean exploration or the environment that the damaged is going to cause for years to come.

But a situation like that is making on shore looking like a safe place! A major negative connotation for off shore at this point!

ncpti

PS on edit.........I am an ocean boy, oil and fish don't mix!

I think yesterday was just MM's playing.......they are loading up on the cheap side for a few weeks from now. Kind of hard to do a shake when there is not much volume and no one wants to sell, so they are playing with them selves!

No one buying because most are still being cautious with this company. It's going to take more PR's and more convincing of production, more transparency of the note due, and way more disclosures of JV's, partners, etc.

They are on the right path.....just starting out the gate. We will soon see what kind of stride this dog has....the rabbit is still way out in front!

The oil spill in the gulf is a blessing in disguise, let see if they can take advantage and capitalize on it!!

ncpti

Good bet, now buy a lotto ticket....LOL! Close .0005 two down!

ncpti

Please disregard my sig! Yes....don't get me started late at night or it just might be fun as masc suggested...LOL

But just not on that statement, things are changing here at PGPM with new management which many share holders were calling for, it happened. In addition that there is communication with management, and public releases since something has change...????..and pink sheets re-calibration of standing.....etc.

If you have been here as long as many, you would see what we have seen here in the last year plus, are recently some fairly significant changes in the company structure, that were warranted. Not to mention that there may possibly be some legal battles in lease repossessions or other....??? There are way more behind the scenes that we don't know but are about to be disclosed.

I see PGPM in control of any event since it appears that arms length dealing will occur now that there is a new president and one has appointed himself a little outside of tempting negotiations. Don't hold short!

JMO

ncpti

PS. All I want out of this is a down payment on my new boat that will cost approx., 2.5 mil........from the "PS" you can take my sig seriously! LOL

LOL, masc, that was good!

ncpti

LOL, well if your off your rocker.....I guess I have rocked way off the porch and fell off the rocker.......LOL!!!!

If Matt can do what he says, there will be many blessed!

GLTA

ncpti

SWEEEET!

Very nice having open communication and dialog with the one running the company. He has answered every email I have sent in the last few months!

I see this company changing course....and for the better!

BlackBerry.......no one is out of touch!

ncpti

bobby, yours/our questions will be answered to the extent they can be.....if not completely, I would say within a few weeks via PR!

PGPM is in a real transition period, and with the appointment of Matt O'Bryant starting to become somewhat transparent. AS this moves along we will see more and more progress and disclosures!

Bottom line EPS will be a real good indicator of things to come! When this comes off the bottom....BOOM!

O'Bryant knows the share holders have many questions, is very aware of this concern. They will be addressed!!!!

ncpti

LOL, I sent one very similar yesterday. MO is on vacation until May 10 and has a very positive outlook regarding PGPM. There is a lot of action going on behind the scenes. I have no worries!

There are changes in the air!

ncpti

Here you go.......take it for what you want, because this company will take you for what they want!!!!

CIK
0000355168
Fiscal Year End
12/31
Estimated Market Cap
$3,605,214 as of Apr 30, 2010
Outstanding Shares
2,002,896,692 as of Jan 4, 2010
Authorized Shares
5,000,000,000 as of Nov 18, 2009
Float(shares)
1,956,390,706 as of Jan 4, 2010
Number of Shareholders of Record
128 as of Jan 4, 2010

Current Capital Change
shs decreased by 1 for 50000 split
Pay Date: Jan 8, 2009
Company Notes
?Formerly=Liberty Diversified Holdings, Inc. until 1-2008
?Formerly=eWorldMedia Holdings, Inc. until 1-06
?Formerly=Tropical Leisure Resorts, Inc. until 11-02
?Formerly=Maxum Development, Inc. until 9-01
?Formerly=Cardinal Industries, Inc. until 6-00
Security Notes
?Capital Change=shs decreased by 1 for 100 split. Pay date=12-18-00
?Capital Change=shs decreased by 1 for 50 split. Pay date=11-6-02
?Capital Change=shs decreased by 1 for 300 split. Pay date=1-24-05
?Capital Change=shs decreased by 1 for 20,000 split. Pay date=5-16-05
?Capital Change=shs decreased by 1 for 3000 split Pay date=08/14/2007.

ncpti

One at .0005 bid and one at .0008 ask.......and they are not holding a lot right now. Could move either way in a hurry!

ncpti