Pilgrim Petroleum Corp. (PGPM)

[ncpti]

There needs to be (if it is cellar boxing or shorting), a statement like the FFGO CEO did a few days ago, as follows;

The Company will continue to repurchase its stock in the market at these price levels and warns that any "Cellar Boxing" or other manipulative activities that may be taking place with the Company's stock will result in substantial losses for those concerned.





The Company is implementing a strategy that will eliminate these activities without much further delay. Those involved in these activities are placed on notice that the ever decreasing "free float" of the Company's outstanding shares of Common Stock; can and will lead to substantial losses to those involved. The Market is now wise to these activities and the Company's Management is fully aware of exactly what is being attempted.

Those concerned will fail in their attempts to hold the stock price at these price levels.

The Company is a "Reporting Company" with the SEC; certain stockholders are required by law to disclose their stockholdings in filings with the SEC.


Might put an end to this play by the MM's.