Replies to post #60279 on Pilgrim Petroleum Corp. (PGPM)

[janice shell]

Since all it means is that a company officer has "verified" the info, I find it hard to attach any importance at all to it.

And note: It's no longer "verified". That may have some meaning, though I'm not sure what it is.

[lucky, mydog]

as it was one of the stated requirements of becoming current.

current with whom, otcmarkets, a non regulator? being current with otcmarkets carries no legal weight whatsoever.

[1manband]

Being "current" with OTCMarkets is meaningless. And many times, WORSE than meaningless.

OTCMarkets is not a regulator. They are a paid PR company. A stock promoter. They charge companies a fee to post whatever they want on their website, no questions asked. Nothing there is reviewed for accuracy, or if it even complies with OTCMarket's made up rules. The vast majority of the time, those documents are lies. Incomplete, incorrect, or outright fraudulent. And you can include PGPM in that group, as their "financial statements" were clearly and obviously fraudulent. Lies.

Being "current" just means the Company's check didn't bounce and they uploaded something (such as a hand written "financial statement" on the back side of a cookie recipe, for instance) to the website. Voila! The company is "current"! Even if the documents are fraudulent.

Which is better - documents full of lies, or no documents at all? I think the former is much worse than the latter, and yet the former company is considered "current" with OTCMarkets! Again, worse than meaningless, since such lies actually damage those that believe they are real. They would be much better off with no information at all.