Pilgrim Petroleum Corp. (PGPM)

[Dallas66]

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