Pilgrim Petroleum Corp. (PGPM)

[PGPM_COO]

This is one thing I am enjoying about this dialog is that I am being introduced to some of the largest shareholders of the company.

I've been told by prior management that the Shareholder count, used to be around 9000, so it may take me quite a while to get to all of you.

Since becoming oficer I have witnessed NO dilution. However, The Authorized share count was increased.

Here's what I am working with concerning your question, 1) an outdated shareholder list from the transfer agent and 2) information provided to me by Mr. Pinedo.

From the tools that I have at my disposal I only show Mr. Pinedo owning X amount of shares. (hence the previous comment)

There are other factors that may affect this as well such as Mr. Pinedo selling, granting or gifting shares to others.

I will follow up with Mr. Pinedo about this but it will be at his discretion wheter or not he gives me the appropriate answer.