Pilgrim Petroleum Corp. (PGPM)

[bud_fox]

Received this from a friend. Thought it was interesting and I believe PGPM may have a run left in her. This is a reply from Raphael Pinedo.

Thanks for your email, first let me address the issue about "message boards” or “forums”, I don’t play that game of say or not, so the stock move, etc, then short sellers come do what they do and you know the rest. I don’t know your background, nor if you are a shareholder but assume that you are, so I will respond some of your questions however please don’t use the word “scam” or “fraud” unless you and your board have specific allegations otherwise you are the one who incur on the illegality.
As you state on your due diligence we have a public company Pilgrim Petroleum a E&P company, which have subsidiaries holding the operation side of the business American, Lariat, etc; this are bonded operators with very complicated requirements and big liabilities with EPA, RRC of Texas, DOE, etc because the nature of the business to protect asset, directors and shareholders.
Pilgrim most important strategy is to be out of the Grey market on Pink sheets due to the changes with FINRA and SEC since May 08, most of our institutional investors are out our stock since we are not fully piggybag or reporting, so this is our priority.
Lastly, to clarify, Pilgrim is NOT A SHELL, we have employees and contractors, we have income for oil ,we don’t need to close doors and we don’t promote our stock or spam like other “shells” or companies out there. Unfortunately I can comment on some of the questions related operations at this time but few PR will be out very soon.
Regards

Rafael Pinedo
CEO President

Pilgrim Petroleum Corporation