Pilgrim Petroleum Corp. (PGPM)

[bud_fox]

Still have an interest here and will watch carefully. Upset about alot of things. I spoke with Fast Eddie 2 weeks ago. He stated that the contract has been altered slightly but was signed and about to be delivered. I tried calling him Monday and Tuesday and no answer all day. I was lucky enough to catch him yesterday before the PR came out. The funny thing is I have spoken with him several times and know his voice and uncanny lisp. He said he wasn't Eddie and lied. Don't know why PGPM pays somebody to speak for the company and then runs and hides. I believe PGPM has upside potential but not the funds to get the oil out of the ground. With selling some of the properties I thought Ralphy would have some cash to pay his staff and remove some oil but don't know how he is going to do it now. If he runs low on cash don't see any way to make things happen other than more dilution. Again, I will watch carefully and buy back on dips. Without any relative news this could drop back in to trip zero's.