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Friday, March 14, 2014 10:48:11 AM
Pilgrim Petroleum Announces Year-End Letter to Shareholders
IRVING, Texas -- Pilgrim Petroleum (PINK SHEETS: PGPM) (FWB: PHV) issued a letter to shareholders today, providing an update on the company's progress. The letter reads as follows:
To Our Valued Shareholders:
Pilgrim Petroleum's performance in the last few years has provided strong confirmation of our company's ability to grow, maintain and increase financial and operational performance for the sole benefit of its officers and directors. All of us at Pilgrim Petroleum recognize that raising shareholder value was our collective challenge. We strived to ensure shareholders were baited with positive sounding ideas that in theory could work, but in reality we had no intention of ever following through on them. Our real goal was to entice new investors into believing we really cared about the shareholders. Our Plan of Operations, our strategic goals for the company was to hopefully bring in new unsuspecing investors that could easily be convinced to buy into our forward looking ideas that would eventually benefit only us. Good operating results, combined with no debt in our balance sheet, contributed to our ability to aggressively focus on the growth of our personal portfolio's, while at all times keeping the shareholders totally and completely in the dark. We mentioned phantom business ideas....apparitions....thoughts and plans that would never come to fruition in our strategic goal of making a living off the unsuspecting investor. As our window of opportunity to find new and innovative ways to fleece the unsuspecting investor grew smaller, we at times went completely dormant. We willfully posted no information of any kind for months...even years on end.
The key to our strategic plan is as follows: at some point, early investors will have long written us off and moved on to real companies that actually do something. Companies that have a real product or service. We can and will monitor message boards and stock chat rooms for any hint of past remembrances. Once we feel most of the early investors have moved on or forgotten about us, we will slowly and quietly begin another round of hopeless and empty promises to a new group of unsuspecting investors. We as of yet do not know what our next phantom business venture will be, but we plan to make it a real doozy...after all....Daddy needs a new set of golf clubs, and a new BMW to haul them around in.
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