Pilgrim Petroleum Corp. (PGPM)

[downsideup]

Well, so far , so good...

They've completed the disposition of the implantable vision assets for shares, which changes the ownership percentages in the new entity:

29.41% for American / PGPM, and
66.73% for Lariat / PGPM management.
-----------
96.41 % total

It looks like there isn't a lot left over, only 3.86%, held by former IMVS investors, etc.

That still leaves the issue of resolving the Lariat debt... and what sort of real transfers of PGPM assets and values to Lariat will result from the Lariat debt for PGPM assets swap. If that situation is wrapped up without PGPM losing the value of appreciated assets, THAT would be a good reason to expect that PGPM shareholders would be made quite happy.

Two issues left, then...

How much of the Lariat asset holdings (now owned as IMVS stock) will end up in PGPM's hands...

How much is an IMVS share, and the underlying assets, really worth... ???

It seems the moves, thus far, ARE being executed as it was said they would be...

If management is correct about the rest... we might actually see $0.30 a PGPM share at some point ???

There are 45.9 million IMVS shares...

How many PGPM shares are there... ???