Pilgrim Petroleum Corp. (PGPM)

[masc2279]

Well i do believe this is one of the reasons we have not ran and i do believe some of the buy back is happening as we speak. No one is stupid enough to pay a premium for shares if they can buy it at this price.

Second part yes i believe everyone holding PGPM would jump ship but if the stock rises to 1.00 it is because someone believes the stock is worth that much and the stock would stay at that price.

One reason is because the people jumping ship would do so on the way up to 1.00 if it continues to rise the demand is still there and the stock would continue as priced its not like we wake up one day and it is at 1.00 because yes then it would tank as soon as the order was filled for X amount of shares and return to its current prices. example the other day @.0099 which makes me laugh because some poor dumb person took a hit on that one. That is why we have confirmation pages to make sure the order placed is the order you want. LOL

So simple answer if we get to 1.00 the sales and everyone jumping ship should not effect the PPS because it is demand that should be driving the stock price.