Pilgrim Petroleum Corp. (PGPM)

[equityseeker]

I agree. Correct me if I'm wrong, but are you guys basically saying that pgpm sold the vast majority of their assets last year for stock in Lariat (which they included as pgpm earnings), and now they want to trap the majority of the value of the combined companies, which once belonged to pgpm shareholders, in Lariat which is wholly owned privately by management? A 30% interest in something that was recently 100% owned by pgpm shareholders doesn't sound too good to me. I'll have to dig through those filings before jumping in here.