Pilgrim Petroleum Corp. (PGPM)

[ncpti]

Well that brings up a point.....something like that did happen, but not with Matt. When this ACLY thing came about Pinedo who was President and CEO of PGPM did become a member of Arcland.

We has so many questions at that time and could not get anything out of Pinedo except....Soon, On the process, In a few weeks..not years, Regards...etc.

There is where things fell apart......how does he pay PGPM and take it out of one pocket and put it in another of his pockets. I think there was the major conflict and the other ACLY's board members who had nothing to do with PGPM were resistance.

So that's why Pinedo brought Matt in and is suppose to exit the picture. Waiting for that to happen, yet! Also, brought Matt in because Pinedo can't run as many business properly do to the amount of business he ownes....none of his business are getting proper attention in my opinion.

Aside from failing to complete the deal....in the picture at that time the better ACLY bottom line was/is 10% would have gone to PGPM as income. Too bad no one ran that business the right way!

jmo

ncpti