Pilgrim Petroleum Corp. (PGPM)

[xyz1002]

Got off the phone with OTC compliance.

She did not answer point blank to my question but hre it is:

1) They are in discussion with the company. She used these words at least more than 5 times during the call.

2) It can be removed any day/anytime during the day actually once they have everything they need.

3) The reason this is important and I asked her point blank is because at one time I used to work at NYMEX and our compliance dept had bi-weekly meetings to review compliance issues. But that compliance was different as they don't have so many tickers to deal with. So I wanted to make sure these guys don't have some kind of once a bi-weekly or monthly review meeting going on.

4) She said since they have thousands of stocks to deal with it is an ongoing process. Meaning the companies are sending information all the time and their "limited staff" in the department are going over them on a first-come basis.

5) In others words, the company docs are sitting in some sort of a queue for review by compliance is from what I understood. Generally speaking, they will find something missing and tell the company to submit that piece of doc what is missing. Maybe that is the reason why the company submitted the share structure info latest. Just my guess.

6) However, whenever the reviewer finds that everything is in place then he/she will immediately make it current during the day. It is like a bunch of checkbox and all the boxes should be marked off.

No matter how hard I tried using my NYMEX card, she was unwilling to divulge any details about this one per-se.

But it will come sudden and as a surprise whenever that happens. Not necessarily it will happen after market close or before market open. So just wait.

Maybe someone can ask the company if they have given everything that is asked by the OTC.