Pilgrim Petroleum Corp. (PGPM)

[ncpti]

Wireless, a great inovation....

Mr. O'Bryant,

1. I would like to know more about your getting connected with PGPM. Were you looking for distressed companies? Did you purchase any part of PGPM, if so, what was the vehicle used?

2. As you stated that R. Pinedo has a small amount of shares, possible less than some investors here....do you state that in comparison to the increase of the Authorized Shares from the previous amount as now being diluted himself? Or was there a transfer of sorts, if so is this connected to my 1st question?

3. Should ACLY pull through with financing, ("all" or some with structured payments), would any part of that be considered toward a dividend to share holders?

4. Should ACLY fail to finance their note and PGPM re-acquires the leases, would such leases be looked upon to enhance PGPM's bottom line in income dollars or considered to be assets that will be liquidated?

5. As you are aware, public perception is a maker or breaker of public companies in this day and age of instant information. I appreciate your taking the time to joust here on I-Hub PGPM forum. Aside from the website enhancement, blogs, COO's statement that we discussed via email awhile back, what other intentions do you have taking this company forward?

ncpti