Pilgrim Petroleum Corp. (PGPM)

[1manband]

Can no one give a stock that is working so hard any benefit of doubt?

There is absolutely no evidence they are "working so hard" at all.

This CEO has another SEC suspended "oil and gas" company. That one is still on the gray market over a year after the suspension. Nothing was done there, and the chances of anything being done here are about as good. Why doesn't someone ask the new Pilgrim CEO about that?

And even if they did try, nothing would come of it. They are under formal SEC investigation for their fraudulent statements and actions. They might also be under criminal investigation by the DOJ. Even if they did file a registration statement with the SEC containing audited financials (which are highly unlikely to occur, even if they try - some financial are just unauditable), it would never get approved while the SEC investigation is ongoing. And that can take up to 5 YEARS, with the earliest resolution you can expect to occur about 28 months after suspension. 2 1/3 YEARS from now.

People need to face the facts. The odds of PGPM being real are pretty much nil, and even if they were, the odds of this returning to normal trading are even shorter.