Pilgrim Petroleum Corp. (PGPM): This could get interesting again here if...

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ncpti

Re: 567tbd post# 19186

Monday, 12/19/2011 8:06:38 PM

Monday, December 19, 2011 8:06:38 PM

This could get interesting again here if the leases come back and they get rid of Pinedo.....looks like that is the forward motion since they PR'd removing Pinedo way back!

Any guess what will happen to ACLY and our/PGPM's shares if they revert to PGPM?

Seems the easiest solution would be for PGPM to absorb ACLY thereby regaining the leases. Yes, surly damaged by neglect but there appears to be a time frame to activate or update the leases....??? Doesn't seem we would gain anything but the leases back and have a bunch of shares of ACLY for toilet paper...HUM!

And if we absorb ACLY does this mean we have a tainted shell or do we have a Russian deal in the making? And that's just assuming a Russian deal still exist!

Don't know, just throwing some things out!

ncpti

Information above may be speculative, based on mis-information, contain inaccurate data, be entirely tongue-in-cheek, depending on how much liquor I consume, how litigious and degree of stupidity / gullibility exhibited by the poster/reader I respond to.