It appears to the Securities and Exchange Commission that there is a lack of accurate information concerning the securities of Pilgrim Petroleum CORP (“Pilgrim”) (CIK No. 0001441336) because of questions concerning the accuracy and adequacy of publicly available information about the company since at least April 27, 2017, including, among other things: (i) statements in a May 15, 2017 OTC Markets annual filing concerning the company’s total assets and retained earnings; (ii) statements in a June 8, 2017 press release concerning a new funding commitment from company insiders; and, (iii) statements on the company’s website concerning oil and gas producing operations at the company’s properties. Pilgrim is a Texas corporation based in Addison, Texas, and its stock is currently quoted on OTC Link (previously “Pink Sheets”) operated by OTC Markets Group, Inc. under the ticker symbol PGPM
They completed a corporate action with being current. That PR yesterday concerned me a little because that is one of the reason they suspend stocks. They should have released supplemental information disclosure before they announced the reverse merger, which basically is what yesterday's announcement was.