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BOOM this thing just exploded in volume!
Strong support at 18, some resistance at 2. If we break 2 this jumps.
Early volume looks promising. Would like to see this hit 2 today.
Liking the volume so far today.
I could use a fun one to follow today. Hoping it's $BVTK.
Picked up some 1's yesterday. Nowhere to go but up, and the company's solid enough I do think it'll go up.
On the positive side, this was knocked from 3 to 1 on practically no volume with what, 2 sales under $500? Most shareholders bought at 2 or some at 3, so they're likely holding. Any movement from the company could easily bump this back to 3 or 4.
News bumps this to 4. No news we close at 2.
#27 on the BOB right now. Coupled with yesterday & today's news might generate enough interest to push us into 4's today.
There was ONE $200 trade today. Looks like we're sitting on bags regardless of where we bought in unless the company decides to come out of the dark anytime soon.
$HYBE you mispelled the "P"
Has the company actually indicated they're planning on filing soon? They haven't filed anything with OTC since 2010 that I can see.
Made #13 on the BOB.
L2 super thin to 11-12 range. That 100k block that kept getting walked down was what brought us back to the mid eights. I'm thinking this ends anywhere between 13-20 cents today.
HYBE, hype, as long as it goes I'm fine with it. ;)
News looks good here & volume is supporting. I'm in for a starter position.
$HYBE MASSIVE ACCUMULATION PAST TWO DAYS. Restructuring Oil Company with over 35 Billion in reserves.
Same here! Those 53+ Million bought yesterday at 3 aren't going to sell below 4 (though I imagine many will hold longer)!
Were your first two posts as informative as this (your third)?
I'm thinking we'll get another 10-20 mil volume today. Very possible to end in the 4's today, L2 is THIN!
What is Heavy Oil & why is it a good time to look at investing in it?
What is Heavy Oil and How is it Formed
Increase in demand of heavy and extra heavy oil per US Energy Outlook
Heavy Oils have the tightest (i.e. better) differentials in over 2 years
Growing U.S. exports of light sweet crude leaves gap in supply ideally suited for Heavy Oil Note: Canadian oil is currently tar sand oil, identified as Extra Heavy (requiring even more processing than Heavy Oil)
$HYBE is going through restructuring, recently registered for domain name, 35 billion in known oil reserves. Huge accumulation past 48 hours. More complete DD is stickied above in Ghost's post.
Just passed yesterday's volume in only 2 hours. Interest is definitely picking up!
Barely any 3's left on L2, Thin AF!
$HYBE MASSIVE VOLUME PAST 48 HRS. GREAT DD CIRCULATION. Oil company revitalizing. Could be the next big run!
$HYBE MASSIVE VOLUME PAST 48 HRS. GREAT DD CIRCULATION. Oil company revitalizing. Could be the next big run!
L2 looks pretty thin here considering the PPS.
I'm in for a small starter position, hoping to increase by the EOW after funds clear.
We'll see! I'm still waiting on some funds to clear but hoping I can still snag some cheap in the next day or so!
Damn that 13 mil slap a couple minutes ago is almost 1/3 of yesterday's total volume!
I'm crazy for saying the CE removal will bump the share price short term but the bigger driver of PPS long-term is an increase in the company value?
ty for the heads up ghost. Watching for now, have some funds freeing up later this week & might get in.
No, I'm saying that because I think the company is making the right moves to increase the valuation of their company. I honestly don't expect the CE removal to do much except for a short-term bump in price. I expect what's coming after the CE removal (the thus-far unstated reason the company wanted to suddenly go current after 7 years & register with the SEC as quickly as possibly) to be the primary value driver.
Increasing the value of a business takes time and money. PGPM's recent actions have demonstrated they're pursuing something requiring both.
For me, this is an investment, not a bet. If you're a gambler, as I stated previously there are better stocks to flip (trust me, I'm flipping some too). If you want a good long term investment, PGPM is a good choice.
The "quick flip" is over, agreed. Holding long is still advised, just realize this may be a 3 month to 1 year hold. The valuation is still there. The CE will come off. The company has a recent influx of cash. There's still a reason they wanted to do all of this (and do it as quickly as possible).
The cost of filing to become current alone (even if we ignore the cost of the auditing company just hired) would make this a REALLY expensive pump and dump attempt for PGPM. What you're saying could have had merit in the past (say, during the last 7 years when there were no filings) but just doesn't fit with the current actions the company is actually taking.
PGPM is a long play. If you're hoping to flip there are much better options. If you want to make a ton of money but realize you need to sit 3 months to a year for that to happen, this is the best play out there.
Can a mod sticky today's news?
Made what I needed to on this one & am out. Too involved with another long investment to sit on this one forever. GLTA, this is a good long for anyone looking for it!
"Quote:The stock market is a tool for transferring money from the impatient to the patient."
SO applicable to PGPM :)
PGPM TO BECOME A FULLY REPORTING SEC COMPANY... HUGE NEWS!
Pilgrim Petroleum Corporation Retains BF Borgers CPA Firm to Become a Fully Reporting SEC Company
Jun 27, 2017
OTC Disclosure & News Service
Addison, TX -
Pilgrim Petroleum Corporation (PGPM), an oil and gas exploration development (E&D) company focus in proven fields exploited by well managed independent oil companies extracting reserves at lower risk and lower cost than unproved prospects. Our parent is Pilgrim Petroleum PLC, a private company (E&P), focus in domestic and international areas where major oil and gas producing companies have reduced their exploration efforts in search of larger reserves.
Management is pleased to announce that the company has retained BF Borgers CPA a registered Accounting firm with the Public Company Accounting Oversight Board (PCAOB), the accredited accounting firm will complete the audited financials of the company and plans to file a registration statement with the Securities and Exchange Commission (SEC) under the Securities Exchange Act of 1934 for the purpose of becoming a reporting company.
Management commented "in reflection of our commitment to our shareholders, we trust that it is in the best interest of our investors to move up to the more distinguished market, where our Company will have greater visibility to a larger group of investors." The Company will keep shareholders updated as events unfold with the process, as well as other projects currently underway.
Being a fully-reporting issuer significantly expands the companys eligibility for both analyst coverage and investor interest. Many institutional investors are unable to acquire the securities of a company that is not fully reporting with the SEC. As a fully reporting 1934 company, the companys filings will now be accessible through the SECs main website (via the EDGAR system), allowing investors, the general public, and financial analysts to extensively review the Companys operations and financial performance.
Legal Notice Regarding Forward-Looking Statements:
This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor created by those sections. About Pilgrim Petroleum Corporation. Headquartered in Addison, Texas, Pilgrim Petroleum Corporation is a publicly traded company (PGPM). Pilgrim Petroleum Corporation is an independent oil and gas company. The company is acquiring oil and gas leases, producing properties, mineral rights, and surface interests. Once acquired, the company intends to develop each property to maximize the income from each property by refurbishing and improving the existing production. Forward Looking Statements: can give no assurance that such expectations will prove to be correct. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. Factors that could cause the companys actual results to differ materially from those expressed or implied by forward-looking statements include, but are not limited to: The success of the companys exploration and development efforts; the price of oil, gas and other produced gasses and liquids; the worldwide economic situation; changes in interest rates or inflation; the ability of the company to transport gas, oil and other products; the ability of the company to raise additional capital, as it may be affected by current conditions in the stock market and competition in the oil and gas industry for risk capital; the companys capital costs, which may be affected by delays or cost overruns; cost of production; environmental and other regulations, as the same presently exist or may later be amended and the companys ability to identify, finance and integrate any future acquisitions. You are urged to carefully review and consider the cautionary statements and other disclosures. Forward-looking statements speak only as of the date of the document in which they are contained, and Pilgrim Petroleum does not undertake any duty to update any forward-looking statements except as may be required by law. The statements which are not historical facts contained in this release are forward looking statements that involve risks and uncertainties, including but not limited to, the effect of economic conditions, the impact of competition, the results of financing efforts, changes in consumers' preferences and trends. The words "estimate," "possible," and "seeking" and similar expressions identify forward-looking statements, which speak only to the date the statement was made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, because of new information, future events, or otherwise. Future events and actual results may differ materially from those set forth herein, contemplated by, or underlying the forward-looking statements. 2017 Pilgrim Petroleum Corporation. The information herein is subject to change without notice. Pilgrim Petroleum Corporation shall not be liable for technical or editorial errors or omissions contained herein.
Shareholder inquiries:
info@pilgrimpetroleum.com
Copyright © 2017 OTC Markets. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
WAY more volume than yesterday at this point. PPS follows volume; this bounces soon!
ZIP CODE CHANGER 30 second DD.
$PGPM - almost $50 Million in assets; PPS is SIGNIFICANTLY below current valuation of $.03-.05. $PGPM has announced intent to buyback shares. $PGPM is actively working to remove CE flag. $PGPM has recently filed 7 years' worth of filings to become current as quickly as possible. $PGPM has recently received $3 Mil in private investment.
This is a no-brainer; load at these prices while you can!