Replies to post #60737 on Pilgrim Petroleum Corp. (PGPM)

[DwyaneMcRoberts]

I had a buddy the other day tell me how humiliated he felt having to sign off a worthless asset at the bank the other day for IRS purposes.

Lots of people prob gon feel da same way here

[BossMonkey]

That's in the short term as in a week or two from now. Give this a couple months for them to finish the auditing they have already begun and address the SEC issues before them.

They didn't spend the money and time for it to end up like this and if they do pull it all together, imagine how the market would respond then. It would be blue sky's real quick..

Selling at trip anything is pizza money and for most, not something that can be reinvested and have it made up elsewhere because they would be taking a 99% loss and have next to nothing left over.

A couple months isn't that long and the upside far outweighs selling out at this level and if things fall the right way, it could be the best thing to happen to them and us longs, as the company will be beyond reproach at that point having been vetted by everyone...