Pilgrim Petroleum Corp. (PGPM)

[BossMonkey]

That has been addressed many times. 95% of the companies suspended are for not filing and they are never heard of again as there was never a real company in the first place and they were just shells.

This is a real company that spent a truckload of money to do 7 years of filings to try and become current. They have oil wells which are physical assets and the company has already started an audit with a respected CPA firm.

They have made it clear they are working on resolving things with the SEC and have not disappeared into the night. I'm betting they come back and stronger than ever because of that scrutiny. If they come back, they will be beyond reproach due to having been vetted by the SEC at that point.

I do agree that it will be long haul though. A couple months may be optimistic but less than a year is my guess and nothing more than that.