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Just locked my shares up at 5 cents for now.
Nice, A/S maxed only at 500M. That's great. This should do well recovering up to fair value again now
Anyone have an updated share structure here?
Pennyland coming here. Oil plays are hot right now
Added here. PGP* was great and oil plays are hot. This looks to be the next penny runner
No ones selling. Longs have locked up this float. Revaluation in process here. Should be over 4 cents based on assets alone
WHAT A BEAST
Book value is over 4 cents. A long way to go yet
Could break 2 cents today gang. Then the real fun starts
MM's printed 0.02 at the open lol. That was weird
Up to 476 boardmarks. Incredible
Market value = $16 million. PGPM total assets = $48 million. We still have a long way to go!
I'm dying to know what those "stealth activities" were that the company has been working on and building for 7 years. Big news coming, any day now
That's why PGPM is so appealing. That PR could drop at any minute. With numbers like that, I should probably lock my shares up higher than I have them at haha
I don't believe we know that yet. Here's part of the PR below. We do know the land was acquired for $330 million.
Pilgrim Petroleum PLC a private company and subsidiaries, an independent oil and gas company, has completed its acquisition of an 79% controlling interest in the announced acquisition of Bakken, Eagle Ford and Woodford Shale assets for approximately $330 million net of customary closing adjustments. The assets include approximately 210,000 acres with most of the position held by production. American Capital Investment LLC has agreed to sell 100% of its equity interest in its oil and gas subsidiary Alpha Petroleum Resources LP (Texas Corporation) to Crescent Hill Capital Corp a Dallas Texas private equity firm providing a credit facility at closing of $615 million US Dollars..
https://globenewswire.com/news-release/2016/10/20/881262/0/en/Pilgrim-Petroleum-Completes-Acquisition-of-Controlling-Interest-Oil-and-Gas-Assets.html
Update for new investors... Us longs believe we are sitting on a potential reverse merger here. A gold mine. PGPM went dark 7 years ago to focus on building the company. Just recently, Pilgrim Petroleum PLC announced that they closed on a deal to acquire over 210,000 acres of land valued at over $330,000,000. This happened in October 2016. The PLC company, or private company, is an equity partner of PGPM with the same CEO.
Our thoughts are that the private company is getting PGPM, the public company, ready to merge the assets into this stock. Why else would they all of a sudden put out a ton of filings, try to get current and expedite the process of getting uplisted to the OTCQB, etc? Why do this and spend the money to do this if not planning to do something big with PGPM. This is the same thing DOLV did. Plus, they want to pay off all of PGPM's liabilities. My guess is that the private company will pay off the liabilities of PGPM. Cleaning up the stock before the merger IMO.
$48,899,863 in assets divided by 1,152,459,514 outstanding shares is $0.0424 valuation JUST based on assests.
Here's a post from iHub's finest valuation expert, Stervc. He also thinks 3 to 5 cents is coming here:
Agreed. Clay can't effect the fundamental book value here which is 4.50 CENTS
Clay has been here every day for the past week+ for what it's worth
NO SHARES ISSUED FOR PAST 3 YEARS AT LEAST. The PGPM share structure hasn't changed since 2010 and going through the 2014, 2015, and 2016 annual reports that the company just posted to OTC Markets, they all say the following:
PILGRIM PETROLEUM CORPORATION NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2014
The company has not issued shares of common stock this current year.
PILGRIM PETROLEUM CORPORATION NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2015
The company has not issued shares of common stock this current year.
PILGRIM PETROLEUM CORPORATION NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2016
The company has not issued shares of common stock this current year.
OTCQB uplist coming. Today will be the second close over a penny, the 30 day count continues
0.0155 up! This is so strong
Revaluation in process. Going up to 4.50 cents on the strong financials for Q1 2017
NEWS HASN'T EVEN HIT YET! OMG THIS IS INCREDIBLE
PGPM here comes 0.0150. Incredible ride to be on here and news hasn't even hit yet
MASSIVE slaps coming in. Wow, here comes 0.0150 gang
That 0.0144 wall is gonna come down!
Agreed. We're about 30% to true valuation. A long way to go
0.0150 break very possible today. Could catapult this up to 2 cents
Just checked my stock quotes and saw PGPM up 40%! GREAT MORNING HERE!
Boardmarks have risen all weekend long. A lot of eyes on this. Top OTC play right now IMO
Why do you say it won't be gone this week? Any reasons?
Plus this: NO SHARES ISSUED FOR PAST 3 YEARS AT LEAST. The PGPM share structure hasn't changed since 2010 and going through the 2014, 2015, and 2016 annual reports that the company just posted to OTC Markets, they all say the following:
PILGRIM PETROLEUM CORPORATION NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2014
The company has not issued shares of common stock this current year.
PILGRIM PETROLEUM CORPORATION NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2015
The company has not issued shares of common stock this current year.
PILGRIM PETROLEUM CORPORATION NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2016
The company has not issued shares of common stock this current year.
Awesome list. Thanks for putting it all in one place. Really shows the magnitude of what we have here in PGPM
Can't wait for Monday. 23 hours to go
NO SHARES ISSUED FOR PAST 3 YEARS AT LEAST. The PGPM share structure hasn't changed since 2010 and going through the 2014, 2015, and 2016 annual reports that the company just posted to OTC Markets, they all say the following:
PILGRIM PETROLEUM CORPORATION NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2014
The company has not issued shares of common stock this current year.
PILGRIM PETROLEUM CORPORATION NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2015
The company has not issued shares of common stock this current year.
PILGRIM PETROLEUM CORPORATION NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2016
The company has not issued shares of common stock this current year.
Ding ding ding. That's exactly what longs think too. Why else rise PGPM up from the dead and put out a ton of filings to get current? Why do all of this if not planning to merge the private company with PGPM? BIG stuff coming here. The private company at least has over 210,000 acres of land
Wish these could have come out during the trading session today haha. Great updates tho
Wow incredible. Company follows through on what they say they'll do. Thanks for the update!
Nice up day for fuel prices today. Fuel is recovering - good for PGPM