Replies to post #61198 on Pilgrim Petroleum Corp. (PGPM)

[Helter Skelter]

Did the government bother to track those short sales when they investigated 911? ;)

The shorts called in the SEC to tank the PPS and cover their asses. One of the oldest tricks in the books. Use the cops to shut down your own party, but only after you have gotten a nonrefundable cover charge from all the "sheep" they intend to fleece. Or the covered shorts they placed bets through as rat-holes who through clandestine accounts or offshore handshake deals short the stock with every intent of sinking it. Just like the Tiatnic which is now known to have been the Olympic or those airplane company stocks that were shorted just hours of trading before 9/11/01.

Has anyone asked the SEC to track this sale of shares for $3,000,000? I don't believe the $3,000,000 sale ever happened. Do you? Pinedo said it did. That would be major fraud, right there, if it didn't happen, wouldn't it?

[Prudent Capitalist]

NONSENSE!! That is pure BS. As confirmed to the company by the SEC, the red flag that caused the SEC to come in here and halt this thing was the huge spike in volume and share price with no fundamental explanation. It is clear, IMO, that the group of well-known serial scammers and manipulators came in here and executed a well-planned and orchestrated front-loaded pump and dump operation, just like others they have pulled off. They then fled the scene after the dump and resulting tanking in the share price. The notion that the SEC colluded with shorts is preposterous IMO.

PGPM = Pathetic Glut (of) Pig Manure