Replies to post #62865 on Pilgrim Petroleum Corp. (PGPM)

[Dallas66]

SG...if you don't mind, I have a few questions they could ask.

1. Proof of the $615 million LOC from Crescent Hill Capital Corporation.

2. Names and lease numbers of producing wells with production averages.

3. Proof of the 79% purchase interest in the Bakken, Eagle Ford and Woodford Shale assets for approximately $330 million from American Capital Investment LLC and 100% of its equity interest in its oil and gas subsidiary Alpha Petroleum Resources LP.

if you can...that would be wonderful...if not...no biggie. at least it's worth a try.

link to PR if you want to look it over and possibly re-word questions, or come up with better ones.

https://globenewswire.com/news-release/2016/10/20/881262/0/en/Pilgrim-Petroleum-Completes-Acquisition-of-Controlling-Interest-Oil-and-Gas-Assets.html

[elkonig]

PGPM has over 7 million in liabilities. Note holders/money lenders have first dibs on assets. Ordinary Joe six pack share holder can't get blood from a stone.

[awesomebummer]

Yes.

Remember, the company and board, personally or corporately, do not want a lawsuit. You have leverage. Especially now while they are attempting a restart. So, your attorney will make it clear from the get-go that you require full and on-going cooperation. Or, he/she starts rounding up other stockholders.

I will PM you with a list of documents./subjects I suggest you will want disclosed to you, for preliminaries.