Replies to post #57857 on Pilgrim Petroleum Corp. (PGPM)

[lucky, mydog]

I ALSO understand that how they address those questions will dictate whether they remain on the grey sheets until their eventual death or get re-listed

the word "question" is just legalese. but understand this; the sec does not suspend because they simply have questions. they have already conducted a preliminary investigation for fraud and they feel they have enough evidence to suspend. the continuing investigation will be to determine if there will be further enforcement actions. those would be disgorgement of ill gotten gains, fines and or bans.

how they answer the question does not matter. the ONLY way they can get off the grey sheets is to find a market maker file a new form 211 under rule 15c-211. that is extremely unlikely because the mm would the have liability for the company. but even if all that happened, it is unlikely that finra would approve such a submission.