Pilgrim Petroleum Corp. (PGPM)

[penn_e_pincher]

Looks like he filed a 13G, not 13D. Cursory research indicates 13G is less restrictive in a way, but the shareholder can't participate in "activist" actions? I don't any more about that.

Anyway, this looks to be some guy who just wanted to be a 10% owner just to say he was a 10% owner in something. He probably accumulated in the vicinity of 0.0002 based on the PGPM chart around the date of his filing, which makes the cost of 173,000,000 shares a relatively small $34,600. I don't know the man's net worth, but $34k is not a lot of money to some people. If he did hold all these years, he could be a millionaire from selling into the recent runup.