Replies to post #60901 on Pilgrim Petroleum Corp. (PGPM)

[pepeoil]

Bruh, you don't need news to answer us about tipping off someone here before sending pr's out and emailing them about adding assets. This gives them an unfair advantage. Did you do it it is he not telling the truth trying to ad value to the stock?

[brucebill]

Sounds good ,lots of us want to hold right through all this.So we can use all the information you can give us.Thanks for stepping in and trying to right the ship.

[tdbowieknife]

How about PGPM telling the truth?? Bet they don't.

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Buyer Beware

SEC Suspension for Fraud



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[DwyaneMcRoberts]

Me and a couple buddies are interested in the PGPM shell now that you are done with it...we want to go public with our new super advance "Pilgrim Pete's Proprietary Pill for Fat Loss!"

We will pay you roughly 1k for the shell, and request you take your oil "assets" elsewhere. You can contact me here for further arrangements.

PEW PEW PEW

D

[Nickie63]

CEO , do you still expect to give us some news this week ? Thanks

[Punisherzx]

Glad to see you working on things and can't wait to see what you have to bring to the table for us ! Thank you

[airman1]

Yes please let us know???asap I am a large shareholder still holding long?

[Chartmaster]

Let's ask the CEO your questions for the answers:

Post #61695 of 61698

A suggestion for you..and then a question at the bottom.

You may already, but if not, make sure you have a complete and thorough understanding of the following, and who can, and typically would own each variant of shares.

Authorized shares
Treasury shares
Restricted shares
Outstanding shares
Float shares.


per company disclosed information on "OTCM"

PGPM Security Details
Share Structure
Market Value1 $400,000 a/o Jul 21, 2017
Authorized Shares 2,000,000,000 a/o Jun 19, 2017
Outstanding Shares 2,000,000,000 a/o Jun 19, 2017
-Restricted Not Available
-Unrestricted Not Available
Held at DTC Not Available
Float 1,490,328,000 a/o Jun 19, 2017
Par Value 0.0001
**************************************************

snapshot from september 21, 2016 23:13:55 on OTCM

PGPM Security Details
Share Structure
Market Value1 $115,246 a/o Sep 20, 2016
Authorized Shares 2,000,000,000 a/o Jun 30, 2010
Outstanding Shares 1,152,459,514 a/o Jun 30, 2010
-Restricted Not Available
-Unrestricted Not Available
Held at DTC Not Available
Float 903,297,039 a/o Jun 30, 2010
Par Value 0.0001
*********************************************************

so we see an increase in the OS of 847.54 million shares - float increases by 587 million shares in around 9 months.

the company stated that no shares have been sold, and if I recall correctly, the CEO stated ( assuming it was Sam Smith) Pinedo had only restricted shares since 2005. and had sold no shares. Yet in his Q&A session he stated:

"The share adjustment from roughly 1.1 billion to 2 billion was a huge red flag for many. It seems to be that there were common shares that Pinedo owned from back in 2012 and he sold them over the past few months"


Jun 19, 2017 PR corrects the share count in below link

The corrected statement of the document is as follows:
Total Authorized and Issue Shares as 6-19-17: 2,000,000,000
Total Non-Restricted shares as 6-19-17: 1,696,325,480
Total Active Shares: 1,601,651,712

discrepancy of 111,323,712 shares.

https://www.otcmarkets.com/stock/PGPM/news/Pilgrim-Petroleum-Corporation-correct%C2%A0statement-concerning-outstanding-and-issued-shares?id=162447&b=y



Pilgrim Petroleum Corporation Announces Plans to file Disclosures on OTC Markets
Apr 27, 2017

https://www.otcmarkets.com/stock/PGPM/news/Pilgrim-Petroleum-Corporation-Announces-Plans%C2%A0to-file-Disclosures-on-OTC-Markets?id=157280&b=y

coincidentally over 329 million shares traded that day.



so looking at the possibility of a P&D...I don't know where the pump came from...could it have been as subtle as the May 27 PR? It seems pretty obvious where the dump came from.

if you don't agree...question...where did all the shares come from, if not from the company or insider holdings? How did the OS increase by approx 850 million shares if none were sold? What about the increase in the float by over half a billion shares? The only way the OS can increase, is if the COMPANY dispenses shares either on the open market, or via warrants/options.

Certainly interested to see yours, or anyone else's opinion or thoughts on this.

[Chartmaster]

Hello, can you tell us when the next PGPM PR will be? Shareholders are concerned since we did not hear from you last week.
Please let us know what is going on. Thanks

[brucebill]

Hey Mr. CEO we can use a update,Thanks in advance.

[Crazy Money]

You really the PGPM CEO?

[ncpti]

Mr. Smith, I have a few questions, comments/opinions that maybe you can address-

I see you have issued a Public Release dated July 25, 2017. Reading therein,

I understand you have sent, answered, altered and adjusted your reporting to SEC and DTCC for review-
Q: Do you have a time frame for this review?

Pilgrim has started an initiative to revitalize the Company and stock value
Q: What would you consider the value of this company currently and in the near future?
The current value is what is listed on the Grey Market now and will be dwindling down to ??? "soon".

Q: The PR indicates that you intend to revitalize the company by executing- LOI for a reverse acquisition with another public company. This amalgamation would occur over two phases including a compliance and filing phase followed by a formal execution and ultimately corporate actions.
LOI- Letter of Intent is it executed by PGPM or another company wanting to assume? Please make this public...

O: filing phase followed by a formal execution and ultimately corporate actions.
The companies share structure is very unattractive to an assuming company, does the above statement mean there will be a reverse share split prior to intended reverse merger?

Q: The company has set a goal of having field services to work in additional 5 wells by Mid-August 2017. "We'll continue to bring inactive wells into production optimizing our oil & gas production through greater production rates, reduced costs, and improved recovery techniques."
Is this indicating that there are current wells that are in production that have not been disclosed since you are continuing to bring wells in production???? What are they and where are
they?

Q: As stated before the operation plan is the same and with help from our affiliates will continue to strive to our focus on reserve value creation and asset divestiture to other entities who will pay premiums for reliable and optimized production, such as Master Limited Partnerships (MLPs).
Indicating that you have affiliates, who are they? Who are the Master Limited Partnerships? What is their incentives?

So while trying to remain Neutral/Positive, this PR is telling me...a simple common share holder, that PGPM is trying to skate around SEC by moving assets and company to another shell because the financials won't hold muster.....and if the new shell has anything to do with Rafael Pinedo, board, chair, CEO or anything connected....this goes in the toilet!

[tdbowieknife]

Again... What production and what wells does PGPM have a WI in?? As in what State, lease name, well numbers and Operator No.


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[deanna-hopkins]

What's the proposed share conversion rate for the reverse merger for PGPM shares in relation to the acquiring stock symbol? And who are the suitors dating our daughters?

[tdbowieknife]

Still nothing from PGPM...

Again... What production and what wells does PGPM have a WI in?? As in what State, lease name, well numbers and Operator number.



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Buyer Beware

SEC Suspension for Fraud



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[tdbowieknife]

Apparently PGPM does not want to give out this information so the latest PR can be verified. Was that PR another act of fraud? Sure looks like it.

What production and what wells does PGPM have a WI in?? As in what State, lease name, well numbers and Operator number.



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SEC Suspension for Fraud



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[tdbowieknife]

Does PGPM have any verifiable info to show this is not the case??

There aren't any "reactivated" wells. And PGPM has refused to supply any information to verify there are any wells at all.

Nothing but more bullshit from the PGPM conmen running this most obvious scam..

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Buyer Beware

SEC Suspension for Fraud



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