Pilgrim Petroleum Corp. (PGPM)

[Dallas66]

I think what these people do is swap scam shells with each other. I've done quite a bit of research and you can buy a clean, new, never been abused, fully reporting shell for well under $100k.

Sooooo my thinking is, they swap around these scam shells knowing people are sitting and watching and waiting for any chance to get out. That generates chatter on the message boards and draws in new meat willing to gamble on a chance for a multibagger.....toss in an occasional RS to clean up the OS and make room to reissue new shares.....toss out a few promo PR's on the cleanup of the "old" management team and the "new" direction of the company, to entice newbies to gamble a few hundred bucks at the table in hopes of catching the momo train early ...wash....rinse...repeat every few years.