Pilgrim Petroleum Corp. (PGPM)

[awesomebummer]

If, repeat if, a director is doing this:

Quote: "From what I know talking to Matt, he's continuing to come up with ways to resolve this (ACLY LEASES) among other things, but keeps hitting a wall at every turn. (Brian Bulloch)"

Then, the question is why?

I.e., why is a director, who's accounting firm issues PGPM's financial statements based on information provided by "management" (note: so, this is not an audit!), providing resistance to PGPM's President; who, in turn, is trying to recover properties that were not properly supervised and operated by an affiliated firm?

Hard to believe the answer could be anything but bad.