Buying low, Selling High
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On target for .0120 this week!! Nice strength here now, and just think what it does when we take out .0081 the old high? I love this play and I think with the news coming UHLN can spike up to the weekly charts 200 week MA around .85, yes .85!
Where's the Doom and Gloom today? I think everyone is seeing the Sun rise and the light showing on PGPM, we all have heard the saying "It's always darkest before the Dawn"!!!
I think we first fill the gap at .0010-.0031, then on to pennyland by year end imo.
Yep, New sticky up now, I knew with all the doom and gloom PGPM would be an excellent buy at .0003, so glad to be loaded up and ready for .0335 by end of year!!!
PR 7/25/2017
https://www.prlog.org/12654172-pilgrim-petroleum-corporation-announce-progress-update-and-forecast-operations-q2-2017.html#
DISON, Texas - July 25, 2017 - PRLog -- 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 unproven prospects.
The company is pleased to announce today since receiving a ten-day trading suspension from the Securities and Exchange Commission (SEC) no further communication or inquiries have been presented, Pilgrim Petroleum Management has completed correspondence including specific documentation via our legal counsel to the SEC and DTCC for the Global Lock release via (Restriction Response).
Because of the SEC trading suspension, the audit initiated prior to the suspension requires a few changes prior to its completion. Pilgrim is still on target for completion in the next couple weeks.
Lastly, Pilgrim has started an initiative to revitalize the Company and stock value as soon as possible by executing an LOI for a reverse acquisition with another public company. This amalgamation would occur over two phases including a compliance and filing phase followed by a formal execution and ultimately corporate actions. These initiatives are designed to enhance the efficiency of the organizational structure, including new ventures and acquisitions, necessary to improve the Company's production levels, reservoirs, and cost-effectiveness. The company has set a goal of having field services to work in additional 5 wells by Mid-August 2017.
Samuel C Smith, President and CEO of Pilgrim Petroleum Corporation, commented, "We'll continue to bring inactive wells into production optimizing our oil & gas production through greater production rates, reduced costs, and improved recovery techniques." As stated before the operation plan is the same and with help from our affiliates will continue to strive to our focus on reserve value creation and asset divestiture to other entities who will pay premiums for reliable and optimized production, such as Master Limited Partnerships (MLPs).
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 company's actual results to differ materially from those expressed or implied by forward-looking statements include, but are not limited to: The success of the company's 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 company's 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 company's 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.
FURTHER INFO ON PGPM:
PGPM Explains and Reassures Shareholders:
After the SEC suspension PGPM has responded 6/30/17:
"The Company has reached out to the SEC and cooperating to the fullest extent in this matter. We feel compelled to communicate with our shareholders in this instance so they are made aware of the circumstances surrounding the suspension. The Company would like to reiterate that, neither the Company, its officers, directors and, its controlling shareholders have directly or indirectly, authorized or been involved in any way, or the making of any false or misleading statements about the Company."
Here's the link:
http://www.otcmarkets.com/stock/PGPM/news/Pilgrim-Petroleum-Corporation-Announce-Update-to-Shareholders-?id=163664&b=y
And then July 7, 2017 Pilgrim Petroleum Corporation Announce Update to Shareholders:
Pilgrim will focus its financial resources on the assets on-hand in the "Re-work" category. These assets include existing wells in inventory with various levels of work required to bring to production. We will have some exceptional opportunities to apply our M&A and operational expertise to acquire and operate quality assets at low prices. As we have done in the past, our focus on reserve value creation and asset divestiture to other entities who will pay premiums for reliable and optimized production, such as Master Limited Partnerships (MLPs). Simultaneous to the re-work endeavor, we are in process to complete our audit financials and pursuing an S-1 Registration with the Securities and Exchange Commission.
Also the CEO went on and answered questions:
-What was the main reason the SEC suspended PGPM? And after the suspension what's the plan of the company?
A: the main reasons have been indicated by the SEC, we are responding accordantly each one of the inquiries. The red flag was the spike on the stock in a short period of time, the volume traded, and other fundamentals out of place.
-Going forward, where do you see the Company in 6 months based on the plans stated in previous shareholder communications for 2017?
A: we believe that within 6 months we will be working towards closing the year with positive EBITA.
-The SEC specifically mentions the capital raise (FORM D). Was 3 million ever raised? Does the company currently have those funds available?
A: The commitments for the capital are in place, the due diligence still in process, but primarily subject to the audit financials completion.
- What, if any, contact do you currently have with the SEC? Many here are claiming that the suspension proves that fraud has already occurred.
A: Stock Markets induces investors to make purchase or sale decisions on the basis of information, every one of our disclosures has been accurate, disclosed as required by the OTC Markets Group. The stock spike on the price in a very short time, the volumes contribute to a big suspicion of a potential stock manipulation.
- The share adjustment from roughly 1.1 billion to 2 billion was a huge red flag for many. It seems to be that there were common shares that Pinedo owned from back in 2012 and he sold them over the past few months.
A: We can assure you that based on the certify shareholders list provided by the TA, that Mr. Pinedo or related companies do not have common stock since 2005, he decided a long time ago to only keep preferred voting's shares (non-tradeable) for control of the company.
- Suspension by the SEC has basically been a death sentence for OTC stocks. Have you hired a securities attorney to help with the SEC? Is the auditor able to help the company get back on an exchange that uses Market Makers?
A: yes
- What verifiable assets does the company currently have? I appreciate your time and still am hoping for the best here.
A: The Verification of Financials and assets will be presented at once when the audit is completed, we are not going to make any representations other than a compilation of our financials already disclosed at this time; the audit will provide an independent opinion to the shareholders on the going concerns and fairness of the financial statements this will include adjustments on the balance sheet, non-financial disclosures, changes on a company's assets, liabilities opinions, etc.
Here's the link:
https://www.prlog.org/12650884-pilgrim-petroleum-corporation-announce-update-to-shareholders.html
Pullback was because it got a bit overbought trying to break over the 200 day MA, so it's pulled back to the 100 day MA, now it's oversold and stochastics about to cross higher, new price target is .4350
Chart's are never wrong, just a matter of getting the timing right, LGBS will EXPLODE on the oil and gas partner merger announcement to come imo, .0040 here we come!!!
Pullback to the 20 and 100 day MA's is a gift, I bought back in today TRTC
It's gonna be HUGE!!! LGBS
Weekly chart shows down gap from $2.94-3.30 that needs to be filled, and is my price target TMPS
Price is at the pivot point just under the 20 and 200 day MA's resistance, about to breakout higher this week and eventually to $3.30, Go TMPS!!!
Rally just getting started here, good support at .0019, all the daily MA's are turning higher EFFI
I think we've hit bottom and it's onward and upward from here, price target of .23 cents DOLV
How high will LGBS go on the news? At least the old high of .0040, probably alot more depending on the news imo
LGBS
Today's price close is now already in BLUE SKY BREAKOUT TERRITORY!!!
It's above all the daily and weekly moving averages!!! LGBS
Weekly Stochastics buy signal after the high volume KEY REVERSAL WEEK a couple weeks ago!!! LGBS
Yes, a 100% gain in one day is excellent and it is only the start, looks like you are going to be proven wrong about PGPM especially when price starts filling the down gap at .0010-.0031 then ends the year is pennyland.
And the weekly stochastics are way oversold now, and even with the recent decline in price the weekly chart shows that the 20, 50, 100, and 200 week MA's have not turned down, only flattened out.
The weekly chart below shows how prices rallied hard even above the top BBand and the chart was having a hard time keeping up, now price has overcorrected to the down side now and it looks like PGPM is due for a nice bounce from here imo
Charts are always useful, in fact with today's PGPM massive 100% rally the daily stochastics have triggered a strong buy signal and that tells me we hit bottom and now can focus on filling the down gap at .0010-.0031 and that's right where the 20 and 100 day MA's are, see the chart, click it to enlarge:
Nice grab! If you really read between the lines here, and all of the doom and gloom sentiment then PGPM seems like a great gamble at these prices imo PGPM
Breaking out over Friday's high today, I'm glad i got back in last week when the gap was filled, and the KEY REVERSAL WEEK a couple weeks ago signals the low for a move higher for DOLV
Hello, can you tell us when the next PGPM PR will be? Shareholders are concerned since we did not hear from you last week.
Please let us know what is going on. Thanks
PGPM Up 100%, a double already trading 4's now!!! I'm glad I loaded 3's all last week and even bought more 3's today!!!
No Fraud has occurred, all accusations of fraud are just speculation, people think that since the SEC has "Questions" they somehow assume fraud has taken place...THAT'S A BIG STRETCH!!!
Watch as PGPM issues PR's the price will rebound to fill the down gap at .0010-.0031 imo
YES!!! AGREED!!!, It ain't over yet, my best trades are when the sentiment is of doom and gloom! BUY FEAR, SELL GREED, Which do we have here??? Go PGPM!!!, PR Out this week for sure!!!
Thanks for the great post awesomebummer!!!
Thanks but I got it to work with detailed instructions below, besides what and where is the "snipping tool"? How do you "Box in the chart"? and you forgot the step where you go to Ihub and click settings, and I'm copying the "Embedded" link on top left not the second link labeled "direct link".....this is why I hate technology, everyone expects you to know what they are talking about.
Here again is my DETAILED INSTRUCTIONS to post pics with your posts:
1. copy image from your brokers online chart or anywhere online by right clicking the chart or pic and click copy image:
2. then paste it with right click of mouse to the desktop or wherever you save pics on your computer
3. then go to Ihub and click "Settings" at the top right
4. then scroll down and click "My Pictures"... click browse and find the pic you saved to your computer,
double click on the pic and then click "Upload"
5. use "select all" to select all of the "Embedded" link shown on the left and copy it using the mouse
6. then proceed to post an Ihub message and paste the embedded link you copied into the Ihub message post box along with any text you wanted to write by just pasting with your mouse.
Let me post the UHLN chart again and you can click on the chart pic to enlarge:
Got it finally!!! See the chart showing the dip Thursday to almost test the rising 50 day MA (Light Blue Line), and see how the stochastics did not confirm the dip Thursday to show a glaring BULLISH STOCHASTICS DIVERGENCE that is a very powerful sign of momentum about to be unleashed on the upside IMO UHLN
By the way, here is the dumbed down method of how to post pics in your posts everyone!!!
1. copy image from your brokers online chart by right clicking the chart and click copy image:
2. then paste it with right click of mouse to the desktop or wherever you save pics on your computer
3. then go to Ihub and click "Settings" at the top right
4. then scroll down and click "My Pictures"... click browse and find the pic you saved to your computer,
double click on the pic and then click "Upload"
5. use "select all" to select all of the "Embedded" link shown on the left and copy it using the mouse
6. then proceed to post an Ihub message and paste the embedded link you copied in the Ihub message box along with any text you wanted to write by just copy and pasting with your mouse.
FINALLY, THIS IS HOW IT'S DONE AND DUMBED DOWN FOR EVERYONE TO UNDERSTAND, GEEEEZ!!!!!
Still trying to post a UHLN chart pic here:
I think I have it, pasting the embedded link here using select all:
or is it just the link without (chart):
investorshub.advfn.com/uimage/uploads/2017/7/23/ylfezUHLN_CHART_AGAIN.png
And do I highlight it and click image like this:
">" />
Or just the link without the (Chart) and highlighted and click image like this:
I GIVE UP !!!!
Let's see if this works to post a UHLN chart,
I am trying:
Go to the chart and right click on it, click "Copy image location"
Go to post message and paste it in the message box, highlight it then click image to imbed
NOPE THAT DIDN'T WORK EITHER, ANYONE KNOW HOW TO POST A PIC IN MY POSTS????? PLEASE DUMB IT DOWN WITH SPECIFIC INSTRUCTIONS PLEASE.
Thanks, I went to the UHLN chart on my tda account using Firefox web browser and will try to use image tab on left to submit.....Here goes:
nope that didn't work
That didn't work,
..and to Cheds your insructions:
1. have to be on a web browser (Like IE or Firefox right?)
2. go to setting (Where setting? on the chart browsers page or settings on Ihub at top right?)
3. then image upload(How where?)
4. then copy URL and post into body text of a message (Ok, I think I get that but still not sure how to get a copy of the URL with your instructions, am I right to go to the chart and copy the web address in the browser URL, is that what you mean? ya gotta dumb it down for me)
Let's ask the CEO your questions for the answers:
Post #61695 of 61698
A suggestion for you..and then a question at the bottom.
You may already, but if not, make sure you have a complete and thorough understanding of the following, and who can, and typically would own each variant of shares.
Authorized shares
Treasury shares
Restricted shares
Outstanding shares
Float shares.
per company disclosed information on "OTCM"
PGPM Security Details
Share Structure
Market Value1 $400,000 a/o Jul 21, 2017
Authorized Shares 2,000,000,000 a/o Jun 19, 2017
Outstanding Shares 2,000,000,000 a/o Jun 19, 2017
-Restricted Not Available
-Unrestricted Not Available
Held at DTC Not Available
Float 1,490,328,000 a/o Jun 19, 2017
Par Value 0.0001
**************************************************
snapshot from september 21, 2016 23:13:55 on OTCM
PGPM Security Details
Share Structure
Market Value1 $115,246 a/o Sep 20, 2016
Authorized Shares 2,000,000,000 a/o Jun 30, 2010
Outstanding Shares 1,152,459,514 a/o Jun 30, 2010
-Restricted Not Available
-Unrestricted Not Available
Held at DTC Not Available
Float 903,297,039 a/o Jun 30, 2010
Par Value 0.0001
*********************************************************
so we see an increase in the OS of 847.54 million shares - float increases by 587 million shares in around 9 months.
the company stated that no shares have been sold, and if I recall correctly, the CEO stated ( assuming it was Sam Smith) Pinedo had only restricted shares since 2005. and had sold no shares. Yet in his Q&A session he stated:
"The share adjustment from roughly 1.1 billion to 2 billion was a huge red flag for many. It seems to be that there were common shares that Pinedo owned from back in 2012 and he sold them over the past few months"
Jun 19, 2017 PR corrects the share count in below link
The corrected statement of the document is as follows:
Total Authorized and Issue Shares as 6-19-17: 2,000,000,000
Total Non-Restricted shares as 6-19-17: 1,696,325,480
Total Active Shares: 1,601,651,712
discrepancy of 111,323,712 shares.
https://www.otcmarkets.com/stock/PGPM/news/Pilgrim-Petroleum-Corporation-correct%C2%A0statement-concerning-outstanding-and-issued-shares?id=162447&b=y
Pilgrim Petroleum Corporation Announces Plans to file Disclosures on OTC Markets
Apr 27, 2017
https://www.otcmarkets.com/stock/PGPM/news/Pilgrim-Petroleum-Corporation-Announces-Plans%C2%A0to-file-Disclosures-on-OTC-Markets?id=157280&b=y
coincidentally over 329 million shares traded that day.
so looking at the possibility of a P&D...I don't know where the pump came from...could it have been as subtle as the May 27 PR? It seems pretty obvious where the dump came from.
if you don't agree...question...where did all the shares come from, if not from the company or insider holdings? How did the OS increase by approx 850 million shares if none were sold? What about the increase in the float by over half a billion shares? The only way the OS can increase, is if the COMPANY dispenses shares either on the open market, or via warrants/options.
Certainly interested to see yours, or anyone else's opinion or thoughts on this.
LMK exactly how to post charts in my posts, I'm not that smart with tech,
So if I go to my UHLN Daily TDA chart with Stochastics and Volume at the bottom, do I snap an actual picture with a digital camera(Is that what's called a "Snapshot"?), or do I copy the url link at the top? or do I select all and copy the chart?
Then do how do I get it to show up in my post and not just a link, I really like how your chart posts can be enlarged and I like the clarity.
LMK how it's done and really dumb it down for me with details on every step by step process, thanks in advance.
In the 7/18 CEO post he says "we're in the final steps to execute contracts and changes to our general strategy."
That doesn't sound like a scam to me and also he said he desires to communicate with the companies critics..... meaning he has been reading Ihub and is concerned and wants to make sure People have legitimate reasons for their statements.
AND THAT TELLS ME FOR SURE HE IS CONCERNED WITH THE COMPANIES REPUTATION AND THAT CONVINCES ME PGPM IS NOT A FRAUD, NOT A SCAM