Pilgrim Petroleum Corp. (PGPM)

[Dallas66]

The SEC did NOT say from April 27, 2017 going forward...they said " at least April 27, 2017"...meaning there is a possibility of transgressions BEFORE April 27, 2017 that they are concerned about as well.

The SEC does not arbitrarily suspend a company based on assumption. They research and compile information and have attorney's review and verify BEFORE they suspend. Keep in mind since they are attorneys...they have access to, and the ability to request/demand information from the accountants, transfer agents, IR firm, Finra, DTCC, OTCM, company execs, and pretty much whom ever they feel may have or have access to information that will support their decision making.

Though WE aren't privy to the information they used to determine a suspension was warranted, it is crystal clear the SEC has information it feels justified the suspension.

this link below...states Crescent Hill Capital Corp will provide a credit facility of $615 million dollars. Guess who owns Crescent hill...yeah...Rafael A. Pinedo.

https://fscwire.com/newsrelease/pilgrim-petroleum-completes-acquisition-controlling-interest-oil-and-gas-assets

Here is a link to Crescent hill

http://crescenthillcapital.com/

click on the links at the top of the website and read..appalling grammar to say the least. IF a company has the ability to loan over a half billion dollars...one would think their website would be a bit more professional, and at the very least include a phone number.

And one would think there would be SOME info about the company other than their ONLY connection to PGPM.