Replies to post #50722 on Pilgrim Petroleum Corp. (PGPM)

[tthutch]

Correct. Yet I have noticed for a while TAs and others saying

Authorized Shares - A/S
Outstanding Shares - Shares currently in the for sale in the marketplace
"Total Outstanding Shares" - shares currently held by investors
"Float" - unsold shares

Indeed look at the stated

Email below Dated 5-16-17

We've already been through this!!!!

From TA:

The current outstanding is 2,000,000,000 shares as of this email. For more detailed "structure" information, please contact the company or check their public filings.

JASON FREEMAN
Securities Transfer Corporation
2901 N Dallas Parkway, Suite 380
Plano, TX 75093
P: 469.633.0101
F: 469.633.0088
W: www.stctransfer.com


Then look at the company

Investor Relations


The error was 5B AS that was reduced to 2B which the company followed through with!!

No changes is SS in 7 years NOTHINGS CHANGED!


Trading Symbol: PGPM Exact title and class of securities outstanding: common CUSIP: 72147P 10 7 Par or Stated Value: 0.0001 Total shares authorized: 2.000.000.000 Total shares outstanding: 1,152,459,514





Now if 85% of the company is held by insiders that is 1.7 billion shares so the float, in theory would be 300,000,000. We know that isn't the case from the company's IR response just above. Of course the more likely structure in ownership is through preferred shares, not common, and not part of the float? If that is the case then indeed an insider could be selling personal common shares but they would have to disclose that.

If things were linear then 130 million sales could drop a price roughly 50% but I have never seen a linear stock ROFL.

Personally I think a group just bought a ton in trips and has been locking in $$.