Replies to post #44290 on Pilgrim Petroleum Corp. (PGPM)

[SRV1975]

Its been dark since 2007...Prob sometime in 2011 or 2012 for not filing required info since 2010

[OTC Shark]

When Does Caveat Emptor Get Removed?

"Facts and circumstances may differ, however generally, OTC Markets Group will remove the Caveat Emptor designation once the company meets the qualifications for Pink Current Information, has verified the information on its company profile on www.otcmarkets.com, and demonstrates that there is no longer a public interest concern. The Caveat Emptor designation is typically not removed within the first 30 days. During the time it is labeled Caveat Emptor, any stock that is not in Pink Current Information will also have its quotes blocked on www.otcmarkets.com."

*"The Caveat Emptor designation is typically not removed within the first 30 days."

The CE was placed 7 years ago that is obviously longer than 30 days ago so this does not apply.

*"once the company meets the qualifications for Pink Current Information"

Initial Qualification:
1. Subscribe to the OTC Disclosure & News Service on www.OTCIQ.com to publish your financial reports and material news.

2. Create the following documents, save them in PDF format and upload them via www.OTCIQ.com:
• Annual Financial statements (Document must Include: Balance Sheet, Income Statement, Statement of Cash Flows, Notes to Financial Statements) for the previous two fiscal years. If these reports are audited, please attach the audit letter from the PCAOB registered audit firm. Each year’s Annual Financial statements should be posted separately under the report type “Annual Report” in OTCIQ.
• Any subsequent Quarterly Reports since the most recent Annual Report.
• The most recent fiscal period end report should also include information in accordance with these OTC Pink Basic Disclosure Guidelines; use the fillable form beginning on page 3.
3. If financial reports are not audited by a PCAOB registered audit firm:
• Submit a signed Attorney Letter Agreement (first two pages of the Attorney Letter Guidelines).
• After following the appropriate procedures with a qualified attorney, upload an Attorney Letter complying with Attorney Letter Guidelines through your otciq.com account.

All requirements have been met and per OTC guidelines this will be Current and have CE removed shortly.

[Beardeus]

I am kind of on the same page as CEOs... the latest we see a change is Tuesday the 20th. Groups in here have admitted to knocking the price down to accumulate. I prefer a gradual increase until CE is removed. If we were around .02 before the removal we would easily be up 200-300%. IMO