Replies to post #63202 on Pilgrim Petroleum Corp. (PGPM)

[Jason978]

From PR:

"The declaration date, the ratio of the distribution, and buyback exchange will be announced after completion of the transaction."

My guess is the transaction he is taking about is the reverse merger, which is due to be completed within 30-45 days. So it could be a bit. but on the bright side its not like we can lose much more stock value till then.

" Due diligence of the transaction, including completion of the audit of financials, will be scheduled within 30 to 45 days to achieve a successful negotiation of a material definitive acquisition agreement."