Replies to post #61688 on Pilgrim Petroleum Corp. (PGPM)

[superheated gas]

Awesome post. hopefully they will vindicate themselves.

[Dallas66]

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.

[deanna-hopkins]

There is no compelling statement here other than they now can claim the false statements were "errors" made out of their chain of command. However, the likelihood that these were dilleberate errors induced or carried out by rat-holes, call them "rat-hole-errors" you know so they can blame it on the Bus Boy.

[jackberabbid]

More BS andd lies

[Carjockey2]

Can we get the latest update today stickied!!!!

[Carjockey2]

This is it..

https://www.prlog.org/12654172-pilgrim-petroleum-corporation-announce-progress-update-and-forecast-operations-q2-2017.html