Pilgrim Petroleum Corp. (PGPM)

[awesomebummer]

Who owns the 471 million shares?


If Mehle Douglas owns 173,300,000 shares, who owns the 471 million shares?


Specifically:

Question (1) who legally controls pgpm (i.e., who owns the majority of shares) - us (the misfits) and other outsiders, or r.p. and the former management? i.e., who do you ultimately answer to?

Matt O'Bryant answer: "The majority of shares are held by one person 471,000,000. I know who it is and given cash flow I can buy this person out. It's not RP!"


Then this person must be an insider, otherwise, the following cannot be true!

Matt O'Bryant answer: "Public float is 400 to 500 million shares.
I would have to re-review to get an exact number.
I believe its around 470,000,000.
Not sure how many total shares among the misfits."