Pilgrim Petroleum Corp. (PGPM)

[awesomebummer]

Since PGPM already owns 20% of ACLY...


...that would make sense. However, if ACLY actually pulls this off, there won't be a revenue stream for some unknown amount of time (because of set-up, fixed costs, paying Russkies, etc.). And that revenue would be captured entirely within the "wholly-owned subsidiary of the Company (call it the Swiss Company)."

Which means they (ALCY) doesn't have to distribute it as dividends, or whatever, but can retain it, in whole or in part. In fact, the terms of the lending arrangement will determine what happens to the revenues.

Our hope is in any appreciated value of ACLY stock. And in the return of our deteriorated leases, which Matt can possibly make productive.

Of course if PGPM is paid in more stock of ACLY that would add to the 20% already owned. It would be nice if PGPM distributed those shares to its stockholders, but given the history here, I wouldn't count on it!

If this "little legal matter" involving ALCY's compensation for PGPM's leases didn't have to be resolved as demanded by some third parties, Ralph would not be doing anything. The insiders of both companies think only of themselves - first and foremost. We are misfits...