Pilgrim Petroleum Corp. (PGPM)

[BossMonkey]

Frankly, I hated that as an answer from them. Stocks have volume spikes all the time and that would not be a reason for the SEC to shut them down. Just isn't logical. IMO, it was the SS being reported incorrectly while pumping the stock with a pr about a $3M investor combined with the fact they had been dark for 7 years.
I am one of the few that thinks this has not been a scam and that it will get worked out over time. I fully accept the fact that I could be wrong but I feel like they didn't spend the money and time to have it end up like this plus the fact that they have physical assets of some worth (the wells they own) makes this a good gamble for me.
With that being said, that was a crappy answer from the company as to why they got shut down. I hope they do give us an update this week as we deserve one and will hopefully give us some direction.