Pilgrim Petroleum Corp. (PGPM)

[awesomebummer]

0.002 plus.


That's if $2.5 million cash, but it won't be in cash. PGPM needs some oil producing properties.

If as ncpti said this weekend, there is no $125M financing deal for Arcland until ACLY's obligation to PGPM is satisfied, and there is 90 days from the date of of LOI to complete the deal (i.e., by June 7th), some compensatory formula will have to be produced and approved pretty soon. IMO only.