Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I'm beginning to think WE are the assets...LOL
I'm not trying to be a downer, but probably never. A year and a half ago when this thing was rallying and I got suckered into it, the CE was there then and people didn't seem to care much. The real question is will it ever come off the grays? It's possible, but doubtful. I'm hoping I can at least make my money back on this at some point, but the odds are not in our favor.
In my opinion, PGPM has been going through these cycles where there is a lot of chatter and people start buying from the people who lost their asses on the previous cycle. So its like a never-ending cycle of LOSE, HOLD, WAIT, GAIN. But each cycle has new losers and new winners (if you can call them winners, more like break-eveners-maybe-ish). Does that make sense?
No new messages in almost a week...are we dead again?
So we are just dead today, after a few days of movement?
What makes you say that?
For those who do not already know, here is some depressing information for you. PGPM's "headquarters" is actually just a place where you can essentially "rent your own office" ...without actually renting office space.
http://www.alliedoffices.com/loc/us/texas/addison/platinum-business-center.html
Someone needs to contact Todd Hoffman @goldrushtodd
and get him to take control of this company.
I'm not trying to get caught up in the words. The point of my statement was that they didn't just curl up in a ball and die while taking all of our money with them. But rather, they showed that they were working to try and make things right.
What intrigues me the most about this whole thing is that when the SEC shut PGPM down, PGPM did make some changes to the verbiage on their website. This leads me to believe that they were making changes to become compliant. You would think that if they were just flat-out crooks they wouldn't have even bothered. Also, while it may not be as much communication as we would like to have, they are still providing updates. It may not be much, but it is enough to give me some hope. Even if it is just a small glimmer.
This is the last thing we've heard...
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=138450660
Not that it matters, but he was right. It had gone down the day before, so was actually at .000001, so back up to .0002 made it 19,000% increase. Still doesn't mean much, just wanted to clarify.
Who knows... COME ON CEO, WE NEED SOME NEWS! The steak dinners you are buying this weekend are being paid for by us. The least you can do is keep us updated.
Sounds to me like they bankroll other "bonded operation" companies. So would that mean they are just stakeholders for wells that they help to finance? If that is the case, wouldn't it make sense that the wells would be in the actual operator's names and not Pilgrim's?
At this point, since I have lost THOUSANDS here and I'm holding, I don't care what they do (as long as it is legal). All I care about is that price going back up.
Yeah it sucks, I'm going to hold on to my million+ and wait until (if) the next run.
Why is this old information being reposted and made sticky?
I feel as if I am already screwed, really just waiting to see how much I'm going to be unscrewed...if any
thank you, this was helpful
I know, it has been almost a month since the meeting...
That's what Smitty said in the last PR
I'M STILL HOLDING OUT HOPE...but this is all you need to know...chances are this is all going to just ride away into the sunset.
Originally found on: http://promotionstocksecrets.com/the-sec-just-suspended-my-stock-now-what/
"During the suspension, the stock will be delisted to the Grey Market as a result of its non-compliance with SEC Rule 15c2-11. Usually that happens a day or two after the action is taken; shareholders can see the change at OTCMarkets. As noted above, that means the MMs won't be able to publish quotations or make a market. They can facilitate trades for brokers, but they are not obliged to fill any orders they may receive. Trades will be matched, though several smaller orders may be set off against a single larger one.
Often hopeful shareholders caught in a suspension tell each other that trading may resume before the ten days have ended. That never happens. Sometimes they convince themselves that it was just a “mistake” on the part of the SEC. It was not. The agency is aware that suspensions are a death sentence, and does not invoke them lightly. Angry investors may rail against Shorty and “bashers,” but the truth is that although the SEC may have originally received tips about problems with the company, they always conduct their own investigation before taking any action.
Some companies issue a press release immediately, usually saying they're “cooperating fully” with the SEC, and are hoping to resolve the problem quickly. Others say nothing at all, or make an announcement when trading resumes. Either way, there is no quick resolution; most of the time there's no resolution at all. The SEC will not comment, but warns shareholders that an investigation may be ongoing.
18919886-stressed-businessman-on-his-kneesIn order to resume trading normally, on the Pinks or OTCMarkets' OTCQB tier, the company must find a market maker willing to file a Form 211 to enable it to regain compliance with Rule 15c2-11. The form looks simple enough, but it is not. And there's a special section asking whether the issue has been subject to a trading suspension. When an MM files a 211, it assumes liability. For that reason, they are not generally willing to sponsor a company that's been suspended unless they have very good reason to believe the SEC will not be bringing a further enforcement action. Usually the agency is unwilling to offer such guarantees, and so the stock is left in limbo.
There is a case in which a formerly suspended stock did manage to claw its way back to the Pinks. The issuer was Emergent Health Corporation (EMGE), which explained in a Management's Discussion and Analysis what had happened.. It was suspended in September 2009 because of a pump-and-dump campaign. Management assured the SEC that it'd played no role in the promotion. Evidently they were believed. The SEC sued the perps, and in July 2010 sent a letter to EMGE's attorneys indicating they would not be recommending any further action against the company. In August 2010, a broker-dealer filed a Form 211. Several rounds of comments from FINRA ensued. The company finally returned to the Pinks in early 2011.
Unfortunately, its efforts were too little, too late. It currently trades at around $0.06, and is completely dark."
How come my 100,000 at .0005 is not filling?
I have a 100,000 bid at .0005...no takers? Been sitting there for half an hour.
The one on the Oklahoma/Texas border?
same here, hell of a lot better odds than a casino...which is where I usually blow my money.
eTrade isn't showing the bid/ask. So they have no data on it, which is why you see that 25% warning. I saw it too last week when I bought at 4s. It still let me buy though.
heard the squeal of the tires as the busted out of town...
It filled. :D $PGPM
I just raised it to .0004...still crickets
I've got bids at 3's but they are not executing...
IS THERE ANY HOPE FOR PGPM?
Serious, professionals only please.
I'm not so sure...check out my post from earlier:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=132640108
Yes, and I was in on that one too...smh
Am I wrong or is it illegal to knowingly spread false information about a stock?
March 3 -> https://web.archive.org/web/20170303084514/http://www.pilgrimpetroleum.com/projects.html
Now -> http://www.pilgrimpetroleum.com/projects.html
They have added "non producing" to all of their projects. It appears as if they are already working with the SEC to make required changed. Peeps need to stop speculating about them shutting down. Makes ZERO sense.
They are updating their website. I don't thinking a company that is "packing their bags" would be taking the time make changes like that...
You are 100% correct sir... They are making changes...here is a snapshot from March 3, 2017: https://web.archive.org/web/20170303084514/http://www.pilgrimpetroleum.com/projects.html
Can someone help out this noob here?
So my eTrade use to show PGPM - OTC Pink, but now it says PGPM NASDAQ. I know they are currently suspended, but when/if it opens back up will it be trading on the NASDAQ instead of OTC?
Who the hell is shorting this...geez. Should have gotten in when it was in trips instead of trying to walk it down now.
IMO, dimes are coming. Hold on to your hats boys!