Replies to post #26724 on Pilgrim Petroleum Corp. (PGPM)

[Icy_CT]

check out the filings that went through yesterday. Doing the math, this should in THEORY be worth 3-5 cents by assets alone. HOWEVER a stock will trade at the price the market deems worthy. IMO this will continue to rise steadily until it gets a little closer to its actual value, but nothing is definite in these stocks.

With this guy you definitely wanted to be in yesterday before the filings at .0037 (or last week at .0009). My opinion is that getting in now SHOULD be a good play, and in THEORY it will continue to rise, but nothing is definite. Read the filings, do your own DD, and if you think it's currently undervalued, go ahead and buy some.

My personal plan is to sell a few shares at 1 cent to ride free, and keep the majority of my shares expecting to sell over 2 cents over a longer period of time.

[skichic]

Read every sticky, study PGPM's website and Google the CEO, it's all there. I think you will find we have a potentially 400 million dollar company here, with virtually no convertible debt and revenue potential in the 10's of millions, trading sub-penny.