Pilgrim Petroleum Corp. (PGPM)

[deafchild]

It's anybodies guess at this point. From reading some of the documents, it looks like IMVS is the owner of the leases and it looks like pilgrim (at least the name) will no longer exist. So I expect that there will be a name change. If, and that's a big if, they continue with the medical side of it and also integrate the oil and gas part, were in for a wild ride. I would think that at some point PGPM will stop trading and that people who are getting in now, will get screwed. They might implement some type of cut off date where shareholders that got in at a certain date will be rewarded and everybody after that, who knows. There's just way to much speculation going around right now. I think in the first week of August there might be something out that will indicate what there plans are. This is a time to just hold. Don't buy and don't sell until everything is finalized. Of course this is just my opinion.