Pilgrim Petroleum Corp. (PGPM)

[penn_e_pincher]

Your opinion regarding the otcmarket tiers is pure hyperbole. The different designations actually mean something and I maintain they are useful. OTCQX is the highest tier and companies have to qualify. Next lower tier is OTCQB. Then the next lower is the Pink Sheets. There are pink stocks that are sec reporting companies. The icons give further information. It's all on their website. People just have to read it. http://www.otcmarkets.com/learn/otc-market-tiers

Pink Market
The Open Market
The Pink® Open Market offers trading in a wide spectrum of equity securities through any broker. This market is for all types of companies that are there by reasons of default, distress or design, which is why they are further sub-categorized by the levels of information that they provide.

Current Information
Companies may be categorized in Current Information by following the International Reporting Standard, which requires the company to be listed on a Qualifying Foreign Exchange that requires periodic disclosure filings, or by following the Alternative Reporting Standard by making filings publicly available through the OTC Disclosure & News Service pursuant to the Pink Basic Disclosure Guidelines. The Current Information category is based on the level and timely availability of disclosure and is not a designation of quality or investment risk.



OTC Pink Limited Information Logo

Limited Information
Designed for companies with financial reporting problems, economic distress, or in bankruptcy to make the limited information they have publicly available. The Limited Information category also includes companies that may not be troubled, but are unwilling to provide disclosure pursuant to Pink Basic Disclosure Guidelines. Companies in this category have limited financial information not older than six months available on the OTC Disclosure & News Service or have made a required filing on the SEC's EDGAR system in the previous six months.


OTC Pink No Information Logo
No Information
Indicates companies that are not able or willing to provide disclosure to the public markets - either to a regulator, an exchange or OTC Markets Group. Companies in this category do not make Current Information available via OTC Markets Group's News Service, or if they do, the available information is older than six months. This category includes defunct companies that have ceased operations as well as 'dark' companies with questionable management and market disclosure practices. Publicly traded companies that are not willing to provide information to investors should be treated with suspicion and their securities should be considered highly risky.


Other Market Designations


Caveat Emptor Logo
Caveat Emptor
Buyer Beware. There is a public interest concern associated with the company, security, or control person which may include but is not limited to a spam campaign, questionable stock promotion, investigation of fraudulent or other criminal activity, regulatory suspensions, or disruptive corporate actions. During the time it is labeled Caveat Emptor, any stock that is not in Pink Current Information will also have its quotes blocked on www.otcmarkets.com.

Grey Market Logo
OTC, Other OTC or Grey Market
"OTC", "Other OTC" or "Grey Market" is a security that is not currently traded on the OTCQX, OTCQB or Pink markets. Broker-dealers are not willing or able to publicly quote OTC securities because of a lack of investor interest, company information availability or regulatory compliance.