Pilgrim Petroleum Corp. (PGPM)

[downsideup]

The difference seems to be the price disparity with PGPM is getting closer to parity, as we suggested it would... still can't expect PGPM to adjust up instead of ACLE down since there isn't any new information to allow that to happen. If the conversion happened here with 20/2 per 1000, it would price PGPM at $0.004 per share.

It does look like there were three days of distribution in ACLE followed by two days, now, of acquisition... It looks like ACLE has a pulse at $0.20 now, which it didn't before... FWIW... but the chart isn't exactly compelling right now.

The price drop in ACLE that is yet to come might not be a typical response for a reverse... as there really aren't all that many share of ACLE in the market ??? I don't know who is selling now, for that matter, again, as there aren't that many shares around to be in the market, with the vast majority held by PGPM and Lariat ?