Gold and Gemstone Mining Inc (GGSM)

[reppiz]

Attorney Letter filed for PGPM this evening. Folks there seem to think that will hasten removal of skull and crossbones.

I find in interesting that Crescent Hill Capital Corp. is listed as a foreign corp. in Florida for a bit less than a couple of years, then both Chancery Resources and Gold and Gemstone Mining were filed as domestic corporations in Florida about five months later with Pinedo being the officer in both filings – same CEO and the same company names that he is already in charge of. And, of course, this is what he did with PGPM – transferred the corporate registry to Wyoming under the same name. Only reason to file Crescent Hill Capital Corp. in Florida as foreign is if you’re doing business in Florida. I think it’s not coincidental that once this was filed he then registered the other company names.

I’m pretty confident that GGSM will be brought into the Pilgrim Petroleum PLC fold at some point and this could run, especially given the fact that the float is about half of PGPM. I think this is the time to start picking up a few shares - would be great to see the kind of run in GGSM that has been had by PGPM and even nicer to get in at low trips.