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unfortunately, it doesn't matter what you, or I, or anyone else on this board thinks or feels about the NWS or warrants. We are at the mercy of the courts and what is decided there. Personally, I would take that offer if they tossed it out tomorrow...End the NWS and conservatorship, and let the GOV exercise the warrants and sell off the shares in a couple years. I would venture that the pps would move on up towards that $10 - $15 dollar range pretty quickly, and as new metrics are provided to show the income/profitablility of the GSE's...it could easily move closer to that $30 - $40 range within a year.
Here is a snippet from that doc....not bad if it happens.
Government Exit from Ownership
Under the Blueprint, Treasury retains all $266 billion that it has received to date from both companies. Treasury also retains and exercises its warrants for 79.9% of common stock and sells its common shares through secondary offerings in 2019 and 2020. This process follows the proven path of Treasury’s AIG and Ally Financial (GMAC) stock dispositions, and is estimated to generate $75 to $100 billion in additional cash proceeds, raising total government profits to as high as $175 billion.
based on their numbers, that equates to around $15 - $20 per share with the GOV exercising warrants.
one would think with the U.S. having the largest oil reserves in the world, led by Texas' Permian Basin/Midland Basin area having an estimated 20+ billion barrel reserve, which happens to be apprx. 3 times larger than the Bakken formation in North Dakota, (which is dramatically dropping in production output), a well managed and proven executive team such as pilgrim has, would focus on all their fine assets in the Permian basin. ohhh...I forgot...there is that pesky little judgment against them by TRRC.....lol
lol...I think that is about 99.99% accurate.
SG...if you don't mind, I have a few questions they could ask.
1. Proof of the $615 million LOC from Crescent Hill Capital Corporation.
2. Names and lease numbers of producing wells with production averages.
3. Proof of the 79% purchase interest in the Bakken, Eagle Ford and Woodford Shale assets for approximately $330 million from American Capital Investment LLC and 100% of its equity interest in its oil and gas subsidiary Alpha Petroleum Resources LP.
if you can...that would be wonderful...if not...no biggie. at least it's worth a try.
link to PR if you want to look it over and possibly re-word questions, or come up with better ones.
https://globenewswire.com/news-release/2016/10/20/881262/0/en/Pilgrim-Petroleum-Completes-Acquisition-of-Controlling-Interest-Oil-and-Gas-Assets.html
How about giving the shareholders some REAL numbers.
1. number of PRODUCING wells.
2. names/locations of PRODUCING leases.
3. number of wells currently in rework.
4. names/locations of rework leases.
5. daily/weekly volume of CURRENT production.
I don't expect a response from you, but a little HONESTY would go a long way.
come on dog...give the guy a break...at least he did use spellcheck this time...lolol
I suppose it depends on which perspective you are looking at. True, an audit that complies with SEC requirements would be a definite plus for the company, but that alone will not take them off the grey sheets. You can't undo a fraudulent act. WE don't know how severe the issues are the SEC has with them, but for them to be suspended...it's much, much more than a couple missing/wrong numbers or mis-worded PR's.
And don't forget where that $600 million LOC is coming from....Crescent Hill Capital Corp....another one of pinheads companies that has done zero business with any company other than one that he controls. think about it...if he can loan his own company 600 million dollars...one would think he has enough money to avoid getting his house foreclosed on.
I think you fail to see the big picture here. The audit means absolutely NOTHING. The ONLY THING that counts is 100% absolution by the SEC, and then, at some point in the distant future, hopefully an MM will sign off on a 15c-211...providing that the SEC and FINRA accept it. Outside of that...PGPM will dry up and blow away on the grey sheets.
It may not seem fair, or even close to being right, but that is the way it works. Once a company has been suspended for "suspected" SEC violations...ie ...fraud....99.999% of them NEVER COME BACK.
I believe Janice posted about a stock on the greys that proved they were NOT guilty of SEC violations...yet it still took them a couple years after that to trade above the grey sheets again...and now they are non-existent.
I know you are hoping for a miracle, as are a lot of others that got caught in this...unfortunately the company and it's executives, both current and past, have a very very long running history of NOT accomplishing anything other than filling their pockets with shareholder money.
Actually there is proof.
They claimed an asset valuation of $48.9 million dollars based on the Gustavson report ( Summary of Oil and Gas Reserves )from back in Dec. 2008, of IN GROUND MINERALS ( oil )
They made this claim on their March 31, 2017 BALANCE SHEET which you can find here on page 4.
https://www.otcmarkets.com/financialReportViewer?symbol=PGPM&id=172302
How are oil reserves accounted for on an oil company's balance sheet?
A:
Oil reserves are estimated quantities of crude oil that have a high degree of certainty, usually 90%, of existence and exploitability. In other words, they are estimated quantities of crude oil that oil companies believe exist in a particular location and can be exploited. According to the Securities Exchange and Commission (SEC), oil companies are required to report these reserves to investors through supplemental information to the financial statements. It is important to note oil still in the ground is not considered an "asset" until it is extracted/produced. Once the oil is produced, oil companies generally list what isn't sold as products and merchandise inventory.
Oil companies can value their reserves by finding their net present value less extraction costs (also known in the industry as "lifting costs"). Depending on the method of accounting for exploration, full cost versus successful efforts, certain costs of finding reserves are capitalized. Only if the cost is capitalized is that cost considered an asset that is depreciated over time. It is important to note that before the companies can list oil reserves through supplemental information to the financial statements, the SEC requires them to prove their claims and file appropriate documents with the SEC.
Any PR from the company will be totally worthless, completely useless, and 100% irrelevant...UNLESS...
1. It includes PROOF that the SEC has cleared them of any wrong doing or misrepresentation/misleading statements of assets/valuations/earnings or funding commitments.
2. without 100% absolution by the SEC with PROOF, PGPM will NEVER get off the grey sheets.
3. If there are any questions/concerns, see 1 and 2 above.
I posted this 3 1/2 years ago...how accurate do you think it is?
Dallas66 Friday, 03/14/14 10:48:11 AM
Re: burnies post# 19505
Post # 19510 of 62698
Here ya go...this is what it should say
Pilgrim Petroleum Announces Year-End Letter to Shareholders
IRVING, Texas -- Pilgrim Petroleum (PINK SHEETS: PGPM) (FWB: PHV) issued a letter to shareholders today, providing an update on the company's progress. The letter reads as follows:
To Our Valued Shareholders:
Pilgrim Petroleum's performance in the last few years has provided strong confirmation of our company's ability to grow, maintain and increase financial and operational performance for the sole benefit of its officers and directors. All of us at Pilgrim Petroleum recognize that raising shareholder value was our collective challenge. We strived to ensure shareholders were baited with positive sounding ideas that in theory could work, but in reality we had no intention of ever following through on them. Our real goal was to entice new investors into believing we really cared about the shareholders. Our Plan of Operations, our strategic goals for the company was to hopefully bring in new unsuspecing investors that could easily be convinced to buy into our forward looking ideas that would eventually benefit only us. Good operating results, combined with no debt in our balance sheet, contributed to our ability to aggressively focus on the growth of our personal portfolio's, while at all times keeping the shareholders totally and completely in the dark. We mentioned phantom business ideas....apparitions....thoughts and plans that would never come to fruition in our strategic goal of making a living off the unsuspecting investor. As our window of opportunity to find new and innovative ways to fleece the unsuspecting investor grew smaller, we at times went completely dormant. We willfully posted no information of any kind for months...even years on end.
The key to our strategic plan is as follows: at some point, early investors will have long written us off and moved on to real companies that actually do something. Companies that have a real product or service. We can and will monitor message boards and stock chat rooms for any hint of past remembrances. Once we feel most of the early investors have moved on or forgotten about us, we will slowly and quietly begin another round of hopeless and empty promises to a new group of unsuspecting investors. We as of yet do not know what our next phantom business venture will be, but we plan to make it a real doozy...after all....Daddy needs a new set of golf clubs, and a new BMW to haul them around in.
PHH to pay $74.5M to settle probe into alleged defective mortgage loans
https://www.bizjournals.com/philadelphia/news/2017/08/08/phh-fannie-mae-freddie-mac-loan-justice-dept-fine.html?ana=yahoo&yptr=yahoo
Mortgage lender PHH Corp. has agreed to pay almost $74.5 million to resolve claims that it produced defective loans that the federal government insured and Fannie Mae and Freddie Mac bought.
The U.S. Department of Justice said on Tuesday that the Mount Laurel, N.J.-based company failed to comply with certain origination, underwriting, and quality control requirements from Federal Housing Administration (FHA), the U.S. Veterans Affairs Department, Fannie Mae and Freddie Mac.
The case stems from PHH's participation as a Direct Endorsement lender (DEL) in the FHA insurance program. A DEL has the authority to originate, underwrite and endorse mortgages for FHA insurance. If a DEL approves a mortgage loan for FHA insurance and the loan later defaults, the holder of the loan may submit an insurance claim to HUD, FHA’s parent agency, for the losses resulting from the defaulted loan.
Join the conversation: Follow @PHLBizJournal on Twitter, "Like" us on Facebook and s ign up for our free email newsletters.
Under the DEL program, the FHA does not review a loan before it is endorsed for FHA insurance for compliance with FHA’s credit and eligibility standards. Instead it relies on the efforts of the DEL to verify compliance. DELs are therefore required to follow program rules designed to ensure that they are properly underwriting and certifying mortgages for FHA insurance.
As part of the settlement, the DOJ said PHH stipulated that between Jan. 1, 2006, and Dec. 31, 2011, it certified for FHA insurance mortgage loans that did not meet HUD underwriting requirements and did not adhere to FHA’s self-reporting requirements. This caused the government to suffer significant losses after it paid insurance claims on the loans.
The DOJ said that during that five year span, the PHH Home Loans division, based in Edina, Minn., did not self-report any loans to HUD. Instead, it waited until 2013, after the United States commenced its investigation resulting in this settlement.
Between 2005 and 2012, the Justice Department said PHH also submitted ineligible loans to be guaranteed for coverage through a Veterans Affairs Department program that helps members of the military and veterans become homeowners.
PHH also originated and sold ineligible loans from 2009 to 2013 to Fannie Mae and Freddie Mac, which the government took over in 2008 and then put into a conservatorship under the Federal Housing Finance Agency.
PHH has agreed to pay $65 million to resolve the FHA allegations and $9.45 million to resolve claims by the VA and the FHFA.
Some of the allegations in Tuesday’s case arose from a whistleblower lawsuit filed under the False Claims Act by South Jersey resident Mary Bozzelli, a PHH employee from 1992 to 2011. Federal prosecutors said she will receive almost $9.1 million from the settlements.
In a statement, PHH said it has cooperated fully since receiving subpoenas in 2013 but did not admit liability.
“We concluded that settling these matters is in the best interest of PHH and its constituents,” the company said. “Adhering to high legal, regulatory and ethical standards is at the core of how we conduct business, and we remain committed to serving our customers and all of our stakeholders consistent with that principle.”
During the second quarter, PHH said it recorded a $13 million charge in the second quarter due to the this settlement and provisions for other matters. The company will release its second quarter earnings after market close Tuesday. It lost $67 million in the first quarter.
A federal judge last month approved an $18 million settlement in a class-action lawsuit alleging PHH improperly charged some customers for insurance coverage.
PHH’s is currently fighting against a $109 million penalty in federal court that was imposed in 2015 by Consumer Financial Protection Bureau Director Richard Cordray for allegedly taking illegal kickbacks from mortgage insurers. A federal appeals court overturned the fine in a landmark ruling and now both sides are filing briefs in preparation for the government’s appeal. PHH was supported in its efforts to change the structure of the CFPB by the Trump administration.
and as long as they remain on the greys...which history tells us can be FOREVER...pps will remain under the crapper.......no MM involvement...no support of any kind.
thanks for confirming what I thought. I don't see these guys ever coming back...even if they pull off this "reverse acquisition". The responsibility doesn't go away just because one changes the name of a company.
and you wonder if the "failures" can be attributed moreso to the information, or lack therof from the client. I'm by no means very knowledgeable in the CPA world...that is a business left to people that really like to dig into the numbers...but still...one would think the CPA firm would ask/demand specific info? I would assume if the firm is PCAOB registered, they would most likely tell the customer to take a hike if they failed to turn over specific information needed for the auditing process.
2015 PCAOB Inspection of B F Borgers CPA PC
https://pcaobus.org/Inspections/Reports/Documents/2015-BF-Borgers.PDF
I looked it up....@Pilgrimpetrol
the circumstances were a bit different than he just "sold his house to invest"...kids were grown...him and the wife were divorced...he got the house. ..as he became more caught up in the stock, he decided to downsize and move into an apartment since he didn't need a big house...that's how he got his brilliant idea to invest money from selling the house in the stock. If I remember correctly, it was between $200k - $250k that he dropped into the stock from his house.
and you are correct...wayyyyy past my realm of comprehension as well.
needless to say, he lost it all, as did quite a few others.
as some people say...greed is good...uncontrolled greed creates poor people.
from the outside looking in...one could easily see the scam and the outrageous claims that were being made. same as with this one...too many people got caught because they let their emotions, and their greed control their decision making. I got caught in PGPM (along with a lot of others) 10 or so years ago when the company was new ...so there was no history to validate true or false actions...but now...we have years of history ot compare. I was lucky and made a decent profit when this went up above a penny...but again...it took 10 years. I don't believe they will be able to pull it out of the crapper this time.
He ran a scam a few years back.....ticker was CSHD. Not an oil scam, but a pinky stock like pgpm. He was on trial in Georgia, and representing himself...the night before the verdict, he decided it was in his best interest to run...they caught him a week or so later hiding in a closet in someone's basement in Idaho I believe. He is now a resident in Oklahoma City FTC...gets out in mid 2031. PGPM scam is small potatoes compared to the lunacy of the CSHD scam. The guy had a cult like following, traveled to different parts of the country to meet with investors...unbelievable values of several billions of dollars. Moon bases...cutting edge space technologies...high speed raill services...a lot of other stuff...a lot of people lost everything. several lost hundreds of thousands ...one guy sold his house to invest the proceeds in the scam. I think 3 people ended up in prison over that scam.
The CSHD board is still active on ihub.
also...this guy is NOT the rufus harris singer
heck of a day!!!...not a single drop in pps for this outstanding company with over a half billion dollar LOC from none other than Mr. Pinhead himself, and his world rnowned company Crescent Hill Capital that has had virtually no other customer other than PGPM....keepin it close.
here ya go...it may not be a scam stock, but if yur the CEO...run it however you choose
https://www.publicshell.us/
http://www.globalbx.com/businesses-for-sale/buy-public-shell-companies-1.asp
https://dealstream.com/for-sale/public-company-traded-on-otc-markets/463115.htm
Rufus Paul Harris...CEO of CSHD...another penny scam...gets out of prision in 2031...it does happen...just not often enough.
here is another way to look at it...the form D may have been the only thing that was REAL in the scam.
There is quite a bit of interest because of the PR's and info the company puts out about current and future business...it all looks great...they have funding in place...assets all lined up...peeps are buying up the stock.
example....Form D... someone gets 500 million shares for that 3 mil donation. That equates to .006 pps for the shares. they in turn dump them into the market at going prices...say .015 pps...that equates to $7.5 mil...not a bad return on their investment. they do this in conjunction with the PR's the company throws out and all the good feelings people are having because they KNOW this is going to da moon....then as time goes by...a month or two...the company slows down on the PR's...this fell through...that didn't pan out...something didn't go as expected...and now people have long forgotten about the 3 mil the company got from the LEGAL Form D...but in the end...both the company and the person that gave the 3 mil are the only ones...besides some lucky day traders and flippers...that actually made any money. they go dark...wait a few years...rinse...repeat.
I hear ya for sure...I got caught in this thing 10 or so years ago and was lucky enough to get out and turn a profit with this latest scam...still hold a few hundred k freebies, but I expect them to be nothing more than a reminder to DD any otc stock you are interested in...then DD the DD...lol. I don't really expect any news either...wa just curious as to how they will spin the next line of crap...if there is one.
didn't the "CEO" say there would be an update PR this week? I could be mistaken...I thought I saw a post where someone had communicated with him a couple weeks ago, and he said an update "within two weeks"... curious to see how the next fairy dust spin plays out
some weekend info to DD if anyone cares...ties between pgpm/striper/and other interests that may be involved.
Striper Energy, Inc. Overview
Striper Energy, Inc. filed as a Domestic for Profit Corporation in the State of Florida on Friday, March 10, 2006 and is approximately eleven years old, as recorded in documents filed with Florida Department of State.
Known Addresses for Striper Energy, Inc.
11637 Orpington St Orlando, FL 32817
5057 Keller Springs Rd Addison, TX 75001
408 W 57th St New York, NY 10019
676 9th Ave New York, NY 10036
1130 E Clark Ave Santa Maria, CA 93455
Key People Who owns Striper Energy, Inc.
Samuel C. Smith
President
Treasurer
Jennifer Rapacki
President
Treasurer
Director
Kevin Jasper
President
Director
Secretary
Justin Martin
President
Director
Karen Aalders
Treasurer
Director
Secretary
Matthew Maza
Director
Secretary
Charles Camorata
Director
Steven P. Vlahos
Director
Vice President
Corporate Filings for Striper Energy, Inc.
Florida Department of State
Filing Type: Domestic for Profit Corporation
Status: Active
State: Florida
State ID: P06000035553
Date Filed: Friday, March 10, 2006
Registered Agent John E. Lux
STATUS - ACTIVE
**************************
Sport Syndicate Inc Overview
Sport Syndicate Inc filed as a Domestic For-Profit Corporation in the State of Texas on Wednesday, February 8, 2017 and is approximately five months old, according to public records filed with Texas Secretary of State.
Key People Who owns Sport Syndicate Inc
Name
Samuel C. Smith
Director
Known Addresses for Sport Syndicate Inc
2112 High Point Dr Sachse, TX 75048
Corporate Filings for Sport Syndicate Inc
Texas Secretary of State
Filing Type: Domestic For-Profit Corporation
Status: Active In existence
State: Texas
State ID: 802646116
Date Filed: Wednesday, February 8, 2017
STATUS - ACTIVE
*******************************
Striper Wells LLC Overview
Striper Wells LLC filed as a Domestic Limited Liability Company (LLC) in the State of Texas and is no longer active. This corporate entity was filed approximately three years ago on Tuesday, February 25, 2014 as recorded in documents filed with Texas Secretary of State.
Company
Company name Striper Wells LLC
Address STRIPER WELLS LLC
2112 HIGH POINT DR SACHSE
TX 75048-2164
State TX
Company number 0801941178
Registration Date 25th February 2014
Sos number 0801941178
Taxpayer number 32053299668
Right to Do Business in Texas FRANCHISE TAX INVOLUNTARILY ENDED
Key People Who owns Striper Wells LLC
Name
Samuel C. Smith
Manager
Corporate Filings for Striper Wells LLC
Texas Secretary of State
Filing Type: Domestic Limited Liability Company (LLC)
Status: Inactive Forfeited existence
State: Texas
State ID: 801941178
Date Filed: Tuesday, February 25, 2014
Registered Agent Samuel C. Smith
STATUS - INACTIVE
******************************
Collin County Rattlers Overview
Collin County Rattlers filed as a Domestic Nonprofit Corporation in the State of Texas and is no longer active. This corporate entity was filed approximately seven years ago on Thursday, August 19, 2010 , according to public records filed with Texas Secretary of State.
Company
Company name Collin County Rattlers
Address COLLIN COUNTY RATTLERS
2112 HIGH POINT DR SACHSE
TX 75048-2164
State TX
Company number 0801308400
Registration Date 19th August 2010
Sos number 0801308400
Taxpayer number 32042462948
Right to Do Business in Texas FRANCHISE TAX INVOLUNTARILY ENDED
Key People Who owns Collin County Rattlers
Name
Samuel C. Smith
Director
Noreen P. Smith
Director
Raegan P. Smith
Director
Known Addresses for Collin County Rattlers
2112 High Point Dr Sachse, TX 75048
Corporate Filings for Collin County Rattlers
Texas Secretary of State
Filing Type: Domestic Nonprofit Corporation
Status: Inactive
State: Texas
State ID: 801308400
Date Filed: Thursday, August 19, 2010
Registered Agent Samuel C. Smith
STATUS - INACTIVE
*******************************************
This is a Form D filed by Sammy boy back in April 2014 for Striper Wells LLC, trying to raise $ 1 million dollars, and pay himself $125,000.00 ( section 16 )for doing so.
https://www.sec.gov/Archives/edgar/data/1605700/000160570014000004/xslFormDX01/primary_doc.xml
********************************
another little tidbit...this is a "company" pgpm "reacitvated" back in March, 2010...notice who one of the Directors happens to be.
https://www.oilandgasonline.com/doc/pilgrim-petroleum-acquires-and-reactivates-0001
Scavenger Oil Recovery LLC Overview
Scavenger Oil Recovery LLC filed as a Domestic Limited Liability Company (LLC) in the State of Texas and is no longer active. This corporate entity was filed approximately ten years ago on Tuesday, October 2, 2007 as recorded in documents filed with Texas Secretary of State.
Key People Who owns Scavenger Oil Recovery LLC
Name
Dan R. Foster
Managing Member
Director
O'Bryant Matt
Managing Member
Matt O'Bryant
Director
Known Addresses for Scavenger Oil Recovery LLC
2631 Carmel Dr Carrollton, TX 75006
Corporate Filings for Scavenger Oil Recovery LLC
Texas Secretary of State
Filing Type: Domestic Limited Liability Company (LLC)
Status: Inactive
State: Texas
State ID: 800878783
Date Filed: Tuesday, October 2, 2007
Registered Agent Matthew Morgan O'Bryant
why would any REAL and VIABLE company with REAL assets want to merger with this fluster cluck....think about it...one can buy a clean shell and not have to deal with any of the highly questionable/possibly fraudulent activities of PGPM and related insiders. Why buy someones else's legal problems.
What????...are you saying that Mr. Pinedo's Cresent Hill Capital really didn't loan Mr. Pinedo and PGPM $615 million dollars So they could buy the fairy land assets of Mr. Pinedo's other defunct companies?
nailed it....couldn't have said it better
and don't forget about the difference between Conservatorship and Receivership...they spell it out pretty clearly they want to wind them down, instead of doing their friggin JOB and conserve the two.
maybe we break $70 sooner than later...been waiting a looooong time
INFORMATION MEMORANDUM FOR SECRETARY GEITHNER
https://assets.documentcloud.org/documents/3899077/Newly-Unsealed-Mortgage-Documents.pdf
The quality of the scam was much better 10 years ago because there was no HISTORY for pgpm, being a new company....looks like he did a wash, rinse, and repeat hoping no one would notice or remember...WRONG...lol
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.
haha...he's no longer a mod on this board. it came alive and then crashed and burned big time with a suspension. trading on the greys now.