Replies to post #48910 on Pilgrim Petroleum Corp. (PGPM)

[Santes8]

To my understanding, after all filings have been accepted and deemed current, OTC Markets monitors the company's filings, share distributions, and all other public disclosures to make sure the company isn't trying to defraud investors. Once it is determined the company isn't an immediate risk to investors, they change the status. As I had mentioned, historically you can see on the website this takes a couple weeks from the last filing.
Despite what some naysayers may be touting, it isn't because they don't trust them. ALL companies go through this process.
Someone correct me if they have a better understanding.

[Chiron]

'Monitoring phase' means they watch PRs, public activity, etc and make certain it's not a scam. Simple as that. Today's PR was basically 'we are working through the process - stop badgering us and OTC'.

But let's say they put out a PR that says we now have 1 billion in oil reserves! Obvious BS, and OTC wouldn't remove the CE.

Think of this period like a parole hearing, inmate has to be on best behavior to get out lol...