Pilgrim Petroleum Corp. (PGPM)

[ncpti]

I have been slapped up side the head a few times by wiffy buying this stock back then....some times I see double to this day when I open up PGPM...LOL.

Well on your question... "Question... how do you keep a otc stock going for years without some charge/upkeep. Just curious....this was the first one I learned on. Lucky perhaps???"

Very good question....as RP went through personal bankruptcy, he managed to keep out the public stock company and his stock holdings out of it, probably paid real lawyers good money?? As well as his holdings in the CA oil fields didn't come into play. you pay a yearly fee...as a fine or just a fee to keep active. No reporting required....otc ce dead.....

There is an end to keeping the public stock company, current not current, CE labeled.... Mabey a shell to sell later. But here we have a public company with holdings....not a real shell with out inventory... He has fingers in his parent companies but less control as to path of travel now.

The game is still on.....