Pilgrim Petroleum Corp. (PGPM)

[LoneGaurdian]

I think that it most people share your worries, which is why we are stuck in this rut. I overwhelmingly beleive this company to be true and real. I do however beleive that our management is just finally begining to understand how to run things. The reasons as to why I don't see this as a scam are the Wallstreet interview, The partnership with Basic, and the repurchase program. I beleive that this stock is undervalued but at the moment I am a minority in my thinking. I have come to realize that management has no idea about finicials, their Billion barrel reserve or and the more recent Estimated stock value of $1.05 were hyper inflated. It is my beleif that they are in fact trying to get us on a new exchange to gain credibility but are still novices and have a lot to learn. If we hold on we will make money, People's minds shall change once real #'s are put up, the best way of acheiving this would be to flood Pindeo's mailbox with questions and demand answers, afterall that is his job. My advice to you would be to be prepared to hold for several months I don't see a huge turnaround comming soon but think that we shall slowly inch up to the $.05-$.06 range and then increase dramatically when management shows us all out assets both here and in Canada.