Pilgrim Petroleum Corp. (PGPM)

[ncpti]

On another note.......We are at a cross roads with this deal with ACLY and their hurried finalization with the Russian deal. Not like the deal with PGPM was even going to be off'ed in any respect..but looks forced.

I do appreciate Matt O'Bryant for sending information to us "MISFITS" who really take no offense to the term, because we are the share holders that stood by PGPM in the down time and should benefit in forward matters.

They (ACLY) knew this from the start. Putting it off (payment to PGPM) to the last minute is a good tactic on their part and stringing it along for years is part of it! Only if the Russian deal was contemplated way back....good move on their part.

Now putting PGPM in a position of panic...hum, (not in my opinion), somewhat....getting little or little to nothing for the stated compensation that was originally papered, to help them close the deal, in no way should be taken! Period.

Personally I would rather get nothing, let ACLY fail, then go to court! Piss on them, piss on everyone involved, take them to court! Yeah I know.......no blood no money! Laz knows.....

Many have stated some things for and against the deal between these companies, love them all, run the numbers, suggest the agreements, there all great. Hopefully, both side have legal representation...all I can say. Because this is not a cut and dried deal......very complicated, at best!

So, with the tweaker of the deals dealing in both pockets, where does it go??

Here is my opinion.....FWIW-

Matt will make the best deal he can for PGPM with the help of Pinedo...that's not saying much is it...LOL.

Matt is a share holder just like we are, so lets let him fold some deal to where we will go. The lease sale from past years were paper and not worth even the printing ink when not worked.

PGPM was on the up swing until the ACLY conversion...and I say conversion because it was suppose to lift both companies. So now, that is near and should have happened long ago. Pinedo had the company going forward until this up-board ACLY thing...but did not let go of the up-swing. Put a big sour taste in share holders mouths...no doubt.

Let's go forward, pick up the pieces and start pumping OIL. That's where the money is at!

So happy Mother's Day.........drink for the day.....JUST STRAIGHT WHISKEY! No more that 4 shots, after that gets your mouth running and a slap up side the head! Trust me I know, have 25 years of those but the last 6 has been OK! LOL Except for me buying PGPM...still get slapped..but I am numb on that side......LOL

ncpti