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American Petroleum Corporation Overview
American Petroleum Corporation filed as a Domestic For-Profit Corporation in the State of Texas and is no longer active. This corporate entity was filed approximately fourteen years ago on Wednesday, December 31, 2003 as recorded in documents filed with Texas Secretary of State
Rafael A. Pinedo
Director
Known Addresses for American Petroleum Corporation
3050 Regent Blvd Irving, TX 75063
INACTIVE
hahahaha...I've been actively trading since before the internet (kinda tells my age)...I remember having to wait my turn on hold to talk to my broker so he could place my buy or sell order...lol I remember visiting his office on occasion and the piles of paper sitting around was staggering...no doubt a bunch were promo pieces...and I'm sure the scams were much much easier to pull off back then as there were no "instant" (internet) methods of DD...all had to be done via phone or snail mail....and the bid/ask splits back then could be anywhere from a quarter to a buck.
yeah...times sure have changed...for the better...and worse.
food for thought...NOBODY invests in the stock market with the intent to lose money. Many people here would love for this to turn out well. History tells us that it probably won't. We know the history and background of PGPM and Pinedo, and to some extent your history and background....HONESTY is a pretty good indicator of a person's intent.
Their were quite a few questions you answered, quite vaguely I might add on most, but you did make an attempt. How about answering the rest of them on this board? Within the legal aspects of disclosure of course.
believe me I do...been in the market for quite a few years. another thing a lot op people don't realize is that most of these websites that tout the next greatest stock breakout are paid to do that promo.
here is a prime example
Notice of Compensation
Please be advised that BlueChipPennyStocks.net receives compensation to perform promotional and advertising services for companies mentioned on our website, social media platforms, & our emails by third parties. Anyone viewing our newsletters or other advertising and promotional articles via any means should assume the hiring party or affiliates of the hiring party own shares of these companies that they plan to liquidate, further understanding that the liquidation of those shares is very likely to negatively impact the share price. BlueChipPennyStocks.net receives compensation as a production budget for advertising efforts and will retain amounts over and above the cost of production, copy writing services, mailing and other distribution expenses as a fee for our services. As such, our opinion is neither unbiased nor independent, and you should consider that when evaluating our statements regarding companies mentioned.
we have quite a few P & D peeps on ihub...day traders...quick flippers...you can see them jump from stock to stock to play the momo game...the more important question is...where did those hundreds of millions of additional shares come from that were used to run this up?
What I find interesting is, on March 31, 2017 the company stated there were 2,000,000,000 (2 billion) AUTHORIZED shares and 1,152,459
,514 shares issued and outstanding.
On June 19, 2017 they stated this
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
as of July 7, 2017 OTCM shows this
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
besides the inaccurate math above
the Outstanding shares increased to the max of 2 billion within 90 days...up over 40%...but...there was no pump and dump...lolololol
unfortunately none of them are producing
A docket number is an alphanumeric number that courts use to identify a specific legal case. Each court system, from the United States Supreme Court to local courts, uses its own docket number system. When a court accepts a new case, it assigns the case a unique number that appears on all official court filings and documents at the top of the page. This number is used on the court calendar to identify the case.
look at post # 58748. At the top it will show you the docket Number 09-0267601. The Judge's disposition of the case...docket number 09-0267601...was closed. Meaning his final judgement has been entered and there will be no further proceedings unless it is re-opened. (2nd page from bottom of post) In this particular case, the judge's decision was deemed final, and Pinedo was ordered to pay. He may appeal if he chooses, but it doesn't appear he hasn't done so yet.
so "Docket Closed" means
the court proceedings for a particular legal case has been ended, and the court clerk has entered the Judge's final disposition as closed.
Based on your ihub handle, one would assume you are Samuel C Smith, the New CEO of Pilgrim Petroleum.
Your other company...Striper Energy, ticker symbol CPCCD, was suspended by the SEC on May 6, 2016 for exactly the same reasons Pilgrim has been suspended for. Striper Energy is still on the grey sheets, and has not resolved the issues the SEC suspended you for over a year ago.
Care to explain what happened there?
My question to you is, WHY should we believe anything you may say? Your HISTORY AND TRACK RECORD tells many of us that you are not to be trusted or believed. Your success rate to date is ZERO.
Link to suspension order
https://www.federalregister.gov/documents/2016/05/10/2016-11065/in-the-matter-of-striper-energy-inc-order-of-suspension-of-trading
Manufactured housing: A new role for Fannie and Freddie?
http://www.miamiherald.com/news/business/article159849879.html
By JACK GUTTENTAG The Mortgage Professor
It has been more than 10 years since I last looked at the market for manufactured housing, my excuse being that nothing much had happened that justified another look. But now something has happened: Fannie Mae and Freddie Mac are planning to support the market for chattel loans on manufactured housing. The agencies are being pushed to do this by their regulator, the Federal Housing Finance Agency, or FHFA, in compliance with their "duty to serve" requirement under the Safety and Soundness Act.
This makes sense because, according to the U.S. Census, the average price of a manufactured house today is about $70,000, compared to $350,000 for a site-built home. So long as Fannie and Freddie remain in conservatorship operating as wards of the federal government, their principal mission remains that of meeting the housing finance needs of low- and moderate-income households. The big question for the agencies is how to provide financing for manufactured housing without incurring excessive risk.
WHAT IS A MANUFACTURED HOUSE?
A manufactured home is built in a factory, transported to a site and installed there. Usually, they are built without a particular site in mind. They are subject to a federal building code administered by the U.S. Department of Housing and Urban Development. Most often, manufactured homes are financed with chattel loans rather than mortgage loans.
A manufactured home is distinguished from "modular," "panelized," and "pre-cut" homes, in which parts are factory-built but are assembled on a pre-specified site.
These other types of factory-built housing comply with the local, state or regional building codes that apply to that site and are financed with mortgages, in the same way as houses constructed entirely on-site.
WHAT IS A CHATTEL LOAN?
The term "chattel loan" has a long history but when applied to a manufactured house means that the collateral provided to the lender is the house exclusive of the land on which it sits. While manufactured houses are no longer referred to as "mobile homes," and they are seldom moved from the site to which they are fixed, default rates and losses from defaults on chattel loans have been closer to those on automobile loans than to those on home mortgage loans.
WHY CHATTEL LOANS ON MANUFACTURED HOUSES HAVE HAD HIGH LOSS RATES
Perhaps the major reason is that the value of the collateral securing the loans tends to decline over time, in contrast to site-built houses, which tend to rise in value. For one thing, the collateral securing chattel loans does not include land value, which accounts for a large part of the price appreciation on site-built houses. If you don't own the land, you don't realize this benefit.
A second cause of declining collateral value is rising rents or reduced availability of house sites. If the house sits on rented land, an expiration of the lease puts the owner at the mercy of the landowner. If the landowner decides that it is more profitable to use the land in some other way, the manufactured house owner must move it or leave it. Since the cost of moving is very high, the lender's collateral may end up in the trash heap.
In addition, manufactured houses have had more defects than site-built homes and many have not been anchored securely to their foundations, making them vulnerable to natural disasters. Hurricane Andrew in 1992 destroyed almost all of the manufactured houses in its path, compared to about one-third of houses built on-site.
THE BETTER NEWS
Despite these problems, manufactured housing has enormous potential for relieving the shortage of affordable housing. A square foot of house costs significantly less to produce in a factory than on a site. The challenge has always been to find ways to take advantage of factory-generated economies of production without the diseconomies associated with placing a home on a site that is owned by someone else.
Several community groups have arisen to deal with these diseconomies. I recently spent several hours on the website of one of them, the National Manufactured Home Owners Association, which has a comprehensive policy agenda focused primarily on state laws that affect owners of manufactured houses as well as the owners of rent parks containing manufactured houses. These laws vary widely in the extent to which they allow or encourage owners of manufactured homes to accumulate equity.
Which made me wonder how Fannie and Freddie would approach the problem. Their charge from the FHFA is to provide "support for chattel financing," but the FHFA points out that "the percentage of new manufactured homes titled as chattel increased from 67 percent in 2009 to 80 percent in 2015." Why did it not task Fannie and Freddie with reversing this unfavorable trend? From a policy perspective, the first priority ought to be to encourage mortgage financing, because it encourages equity growth that chattel financing often subverts.
Read more here: http://www.miamiherald.com/news/business/article159849879.html#storylink=cpy
here is a link to their disclosure
https://www.otcmarkets.com/risk-warning
second paragraph
THERE CAN BE NO ASSURANCE THAT THE INFORMATION PROVIDED ON THIS SITE IS ACCURATE OR ERRORFREE. ANY USER OF SUCH INFORMATION EXPRESSLY ASSUMES ALL RISKS FROM USING THE INFORMATION. In particular, OTC Markets Group does not review, and is not responsible for confirming, the accuracy of issuer documents and information submitted to OTC Markets for inclusion on this site. The issuer and its management are primarily responsible for the accuracy of any information regarding the issuer provided on this site. INVESTORS ARE URGED TO CONFIRM THE ACCURACY OF ANY INFORMATION OBTAINED FROM THIS SITE PRIOR TO MAKING ANY INVESTMENT DECISION. The information on this site is not intended to be used as the basis for any investment decision.
The SEC did NOT say from April 27, 2017 going forward...they said " at least April 27, 2017"...meaning there is a possibility of transgressions BEFORE April 27, 2017 that they are concerned about as well.
The SEC does not arbitrarily suspend a company based on assumption. They research and compile information and have attorney's review and verify BEFORE they suspend. Keep in mind since they are attorneys...they have access to, and the ability to request/demand information from the accountants, transfer agents, IR firm, Finra, DTCC, OTCM, company execs, and pretty much whom ever they feel may have or have access to information that will support their decision making.
Though WE aren't privy to the information they used to determine a suspension was warranted, it is crystal clear the SEC has information it feels justified the suspension.
this link below...states Crescent Hill Capital Corp will provide a credit facility of $615 million dollars. Guess who owns Crescent hill...yeah...Rafael A. Pinedo.
https://fscwire.com/newsrelease/pilgrim-petroleum-completes-acquisition-controlling-interest-oil-and-gas-assets
Here is a link to Crescent hill
http://crescenthillcapital.com/
click on the links at the top of the website and read..appalling grammar to say the least. IF a company has the ability to loan over a half billion dollars...one would think their website would be a bit more professional, and at the very least include a phone number.
And one would think there would be SOME info about the company other than their ONLY connection to PGPM.
Here is your PROOF...
you can go to this link...under APPLICANT NAME put in
AMERICAN PETROLEUM CORP. Click search...this particular info I am posting is the second pdf listed for the MORGAN F. D. TRACT 2
open the PDF...has all the info you need. This one is for a total of $186,903.61 judgment against Pinedo....see the last page on this post for the total.
https://rrcsearch3.neubus.com/esd3-rrc/index.php?_module_=esd&_action_=keysearch&profile=11#
sorry...I don't short pinks...never have and never will. I got caught in this 10 years ago, and was able to get out this past month. I have a lot of knowledge and info surrounding Pinedo and crew, and how they have bilked investors over the years with their various companies. I've posted some of that info hoping to help some take a deeper look at this before investing...maybe it helped some...maybe not....regardless...I've not posted anything that wasn't true.
ohhh...and by the way...that property you listed...the mega-mansion...it's owned by PMC REO TRUST.
which happens to be PennyMac Mortgage Investment Trust
here is his address...if he still lives there that is...I know he was foreclosed on, so he may be in that apt. you mentioned.
PINEDO RAFAEL
7612 TALLOW DR
IRVING, TEXAS 75063-3400
and what does lingerity mean? I suppose you might have meant INTEGRITY?
correct...it isn't over ...yet. do some DD on this company...the "executives" involved...they are ALL involved with questionable pinksheet companies that are either dark, or suspended, or revoked. Check their HISTORY and you will find failure after failure after failure. Not a single one of their companies are profitable and reflecting a positive cash flow. Would love to see some proof that I am wrong about pgpm...still have some freebies and that $.30 would bring me a nice 6 figure profit on them.
Carjockey2...I can't do PM's, but I agree with you 1000%. anyone can see that my posts ( as well as some others)over the last month or so has been to inform people of the most likely outcome...which did in fact happen. It's good to see others like yourself that are willing to help newbies and others that aren't as experienced by posting verifiable info.
If it walks, quacks, and looks like a duck...
enjoy the holidays
I didn't lose anything but time...I got caught in Pinheads scam 10 years ago...was a major bag holder up til this last P&D. I was lucky enough to transfer my bags of worthless shares to others that simply wouldn't or didn't bother to do some quality DD. I do still hold a nice wad of now worthless freebies after selling the majority of my shares between .009 and .011...probably could have held a bit longer and made more money...but I've learned over the years that greed can be good...very very good...if you can control it.
you are 100 % correct...Ive been trading longer than most that post on these boards...longer than I care to admit...lol. So many scams and variations one can barely keep track of them...let alone chase and punish. Attorneys know how the game is played, and they DON'T work for free.
exactly...and the SEC looks at you and says...what part of the CE on pinksheets did you NOT understand...now you want us to help you chase a rat in the sewer...lol
OTC Markets Group's Policy Regarding Caveat Emptor
Caveat Emptor Logo
OTC Markets Group designates certain securities as “Caveat Emptor” and places a skull and crossbones icon next to the stock symbol to inform investors that there may be reason to exercise additional care and perform thorough due diligence before making an investment decision in that security. The Caveat Emptor symbol is publicly displayed on the www.otcmarkets.com website and is distributed on market data feeds.
The Caveat Emptor Designation is Assigned When OTC Markets Becomes Aware of:
Promotion/Spam without Adequate Current Information — The security is being promoted to the public, but adequate current information about the company has not been made available to the public. Promotional activities may include spam email, unsolicited faxes or news releases, whether published by the company or a third party.
Investigation of Fraud or Other Criminal Activities — There is an investigation or other indication of fraudulent or other criminal activity involving the company, its securities or insiders.
Suspension/Halt — A regulatory authority or an exchange has halted or suspended trading for public interest concerns (i.e. not a news or earnings halt).
Undisclosed Corporate Actions — The security or company is the subject of a corporate action, such as a reverse merger, stock split, or name change, without adequate current information being publicly available.
Unsolicited Quotes — The security has only been quoted on an unsolicited basis since it entered the public markets and the company has not made adequate current information available to the public.
Other Public Interest Concern — OTC Markets Group may determine that there is a public interest concern regarding the security. Such concerns may include but are not limited to promotion, spam or disruptive corporate actions even when adequate current information is available.
When Does Caveat Emptor Get Removed?
Facts and circumstances may differ, however generally, OTC Markets Group will remove the Caveat Emptor designation once the company meets the qualifications for Pink Current Information, has verified the information on its company profile on www.otcmarkets.com, and demonstrates that there is no longer a public interest concern. The Caveat Emptor designation is typically not removed within the first 30 days. During the time it is labeled Caveat Emptor, any stock that is not in Pink Current Information will also have its quotes blocked on www.otcmarkets.com.
you are correct...what a lot of people don't think about...these scams...and the people that run them...they KNOW there is very little chance of suing them. Victims have already lost money, and the chances of recovering anything is extremely low, besides the timeframe for that to happen through the courts. Even if there is a judgment for disgorgement...good luck collecting. Can't get blood from a turnip. Not many are willing to throw more good money after bad hoping they may recover a small % of their initial loss.
and I hate to say it, but the SEC does a lot more hand slapping with these penny scammers than actually expending time and money to go after them. They know full well that there is little chance for $$$ recovery, and so they slap/bar/threaten them as more of a scare tactic than anything.
The SEC is overloaded with cases...they go after the ones where they feel they can actually recover money/assets moreso than penny scams. SEC knows it...penny scammers know it...thats why there are so many of them.
On few occasions do they pursue and prosecute penny scams....usually when they are so blatantly stupid and arrogant...Rufus Paul Harris CSHD...prime example...he gets out of prison in 2031...40 mil plus fine...shareholders will never see a dime of it.
they also have a facebook page...no updates in a year on it
https://www.facebook.com/striperwells
he is the CEO of Striper Energy...GREY SHEETS...They were suspended by the SEC a year ago...take the PGPM suspension...replace it with STRIPER...word for word suspension.
Pinhead keeps some fine upstanding company...a regular model citizen he is.
https://www.sec.gov/litigation/suspensions/2016/34-77775.pdf
there is an ihub board CPCCD....no posts in a year.
notice the address is the same as PGPM...lol
https://www.otcmarkets.com/stock/CPCCD/profile
https://www.bloomberg.com/profiles/companies/ISIMD:US-striper-energy-inc
CPCCD Security Details
Share Structure
Market Value1 $67,340,263 a/o Jun 30, 2017
Authorized Shares 3,000,000,000 a/o Jun 28, 2017
Outstanding Shares 67,340,263 a/o Jun 28, 2017
-Restricted Not Available
-Unrestricted Not Available
Held at DTC Not Available
Float Not Available
Par Value Not Available
Contact Info
5057 Keller Springs Rd
Suite 300
Addison, TX 75001
Website: http://www.striperwells.com - DEAD LINK
Phone: 469-718-5529
Email: Ssmith@striperwells.com
Financial Reporting/Disclosure
Reporting Status Dark: Alternative Reporting Standard
Deregistered a/o Sep 09, 2011
Latest Report Dec 31, 2015 Annual Report
CIK 0001400876
Fiscal Year End 12/31
OTC Marketplace Grey Market
Profile Data
SIC - Industry Classification 1311 - Crude petroleum and natural gas
Incorporated In: FL, USA
Year of Inc. 2006
Employees 1 a/o May 13, 2011
Company Officers/Contacts
Samuel C Smith CEO
For the traders that aren't familiar with Finra.
http://otce.finra.org/TradeHaltsCurrent
about a quarter down the page you will see the words "Halt Code" with an "i" in a circle beside it...below will be the halt codes. Mouse over the "i" and it will open a pop window with the halt code explanations.
I remember...and the all nighters on sub-penney radio...the FBI conspiracies...the luminati links...all the supposed threats on him and his family's lives...could make one heck of a documentary... lolol. And to think his last night as a free man was spent in a closet in a basement in Provo Utah. Pinhead could have learned a lot from Rufus...how NOT to conduct your scams...
Certainly the most entertaining...I think that old diamond mining scam...CMKM?...can't remember for sure...but it was/is one that could rival Rufus for both arrogance and stupidity...lol
yeah...he's writing his memoirs from OKC FED....lol. should have quite a story to tell us when he gets out in another 14 - 15 years.
This is the 2nd - 3rd - 4th time Pinhead has relinquished control of PGPM over the past 10 years. The guy reminds me of a mini Rufus Paul Harris...just not nearly as outlandishly stupid or arrogant. He has a dozen companies all at sub penny that are doing absolutely nothing/dormant/failed. Maybe this time the SEC will actually do something about him. Quite a few new bagholders it looks like got caught this time around.
we may see more of a drop on friday...I hope so ...I have been in this for years and years...love the div...waiting to grab more
been a loooooong time coming....I hope we can break 70 now...that would set us free to run
they have traded above 174 mil three times this year.
Apr 27, 2017 shares traded 329,357,530
May 05, 2017 shares traded 175,812,207
Jun 16, 2017 shares traded 174,243,570
float is a lot more than 200 mil.
Share Structure
Market Value1 $8,800,000 a/o Jun 26, 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
yup...I saw that as well...Reading down through that section...pages 4, 8,9,10 and a few others indicate he lost his appeal and the RRC was awarded judgements on well over $100k...thats just on the one closed in Jan. of this year.
yes...a person can be stopped from filing bankruptcy...from what I've seen ( when a person is refused bankruptcy), a person files to prevent losing what they have squirreled away somewhere...most times I would assume "someone" was able to locate the "undisclosed" value the person had hidden...or had moved to a family member. maybe a child...brother...cousin...hidden within "family" assets. I'm sure it happens a lot more than we ever hear about.
check out the post by TESLA777...
# 55116
he gave a link and instructions...I did some digging and found that Pinedo attempted to file chapter 13 bankruptcy and the TRCC said no way...he is on the hook for several hundred thousand dollars.
I already had millions of shares from years earlier...I was able to make some good money selling 90% of what I had into the pump up...of course it only took almost 10 years for the chance....I will admit I sold probably a bit too early....009 - .011 range...but we can't all win every time...holding some as a lotto play now just in case the near impossible happens and this actually does go into multiple pennies.
yes it is...and the info is relevant to PGPM...I don't look at just yesterday, or last week, or last month...I look at the life of the company and it's executive branch to see what they have done in the past. Gives one a good indication of what to expect going forward.....especially with pinksheets/otc stocks. try a little DD on your own and see if you can figure it out....there are a myriad of companies that pgpm is/was involved with that are still relevant to pgpm since Pinedo has over the years tied them together.
same cases...I posted the FINAL ORDER for two of the cases
pepe...I am filling in the blank for you.
Pinhead has a sizeable bill he has yet to pay.
http://www.rrc.state.tx.us/media/16123/9-57793-def.pdf
http://www.rrc.state.tx.us/media/16085/9-49575-def.pdf
http://www.rrc.state.tx.us/media/9586/og-mas-def04-28-09.pdf
http://www.rrc.state.tx.us/media/16121/9-57792-def.pdf
http://www.rrc.state.tx.us/media/16123/9-57793-def.pdf
http://www.rrc.state.tx.us/media/16085/9-49575-def.pdf
so they have dumped around an additional 450 million shares into the float....heck of a business.
Per Nevada sos
Actions\Amendments
Action Type: Amendment
Document Number: 20160477938-77 # of Pages: 1
File Date: 10/31/2016 Effective Date:
STOCK
Previous Stock Value: Par Value Shares: 5,000,000,000 Value: $ 0.00001 Par Value Shares: 1,000,000 Value: $ 0.001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 51,000.00 New Stock Value: Par Value Shares: 20,000,000,000 Value: $ 0.00001 Par Value Shares: 1,000,000 Value: $ 0.001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 201,000.00
http://nvsos.gov/SOSEntitySearch/corpActions.aspx?lx8nvq=phPqeDPgyxHfEc3Z%252fkPl4g%253d%253d&CorpName=HIGH+PERFORMANCE+BEVERAGES+COMPANY
you are correct...thanks for adding this bit of info. one has to look at the terminology. Dilution is a reduction in the ownership percentage of a share of stock caused by the issuance of new shares. Dilution can also occur when holders of stock options, such as company employees, or holders of other optionable securities exercise their options. When the number of shares outstanding increases, each existing stockholder owns a smaller, or diluted, percentage of the company, making each share less valuable. I've not personally seen anything from the company stating "no dilution"...maybe they said the "company" isn't diluting....I don't know.
The below link is the form D filing...a few interesting things in it. item lines 5,7,9,13
so we have proof of the $3 mil...just don't know what that money is buying...we do know it will be less than one year,and that they will/have acquire(d) options/warrants. Also don't know when they can be exercised.....maybe they already have, and are now selling shares.
http://app.quotemedia.com/data/downloadFiling?webmasterId=500&ref=11628603&type=HTML&symbol=PGPM&companyName=Pilgrim+Petroleum+Corp&formType=D&formDescription=Official+notice+of+an+offering+of+securities+that+is+made+without+registration+under+the+Securities+Act+in+reliance+on+an+exemption+provided+by+Regulation+D+and+Section+4%286%29+under+the+Act&dateFiled=2017-05-31