A lesson on raising capital while maintaining share value:
It is clear by reviewing the share amounts of the company, as well as the current share price, that this company’s share value has been diluted, diluted so much that only a few options remain for raising capital while maintaining share value.
It is because of this dilution and current value that it is unfeasible for the Company to raise money against its own stock. Twice, I have had to successfully prevent the further mass dilution of the company’s stock.
Please be assured that while the Authorized shares have increased to 5,000,000,000 no shares, as of the date of this post, have been sold, traded or gifted to any party.
So now the question arises . . . How do you raise capital for a company without utilizing its own equity?
I am left with 2 choices: 1) Raise money against the oil under the ground through a revenue sharing relationship. 2) Raise money against Arcland Energy stock and force that Company to pay Pilgrim Petroleum for the asset transfer.
Both are viable, and interested investors in the company have expressed interest in both options; however, I prefer option two (2) because it does not negatively effect Pilgrim Petroleum’s share value but provides up to $10 Million in the Company’s coffers to turn things around and create an increase in earnings per share and therefore share value.
This company must acquire capital in order to survive and thrive. Interested investors have offered from a few hundred thousand to a few million, all at a price. As an officer and representative of the company I have to weigh each of these individual offers and determine what is best for the Company and its shareholders.
Please understand that as an officer of Pilgrim Petroleum it is my ethical responsibility to negotiate the best outcome for the benefit of the Shareholders of this company.
In addition, as public forums have not been officially legally recognized as a public disclosure source this info will be posted on our Company’s website in a timely manner.
Forward-Looking Statements: The statements, which are not historical facts contained in this document are forward-looking statements that involve risks and uncertainties, including but not limited to, the effect of economic conditions, the impact of competition, the results of financing efforts, changes in consumers' preferences and trends.
The words "estimate," "possible," and "seeking" and similar expressions identify forward-looking statements, which speak only to the date the statement was made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, because of new information, future events, or otherwise. Future events and actual results may differ materially from those set forth herein, contemplated by, or underlying the forward-looking statements.
2010 Pilgrim Petroleum Corporation. The information herein is subject to change without notice. Pilgrim Petroleum Corporation shall not be liable for technical or editorial errors or omissions contained herein.
AI
