Replies to post #5979 on Pilgrim Petroleum Corp. (PGPM)

[68bigblockcamaro]

This is at the top of the page-
PILGRIM PETROLEUM CORPORATIONNOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2007C. Significant Event The company sold eighty percent (80%) of its’ net remaining proved undeveloped reserves in March 2007. The Company received a note receivable in the amount of $1,640,000 and received stock in the acquirer in the amount of $40,000,000.

I was told this stock is what the company is going to issue for the dividends . Also they intend to somehow use this stock to get us off the pink sheets and onto a real exchange.