Replies to post #7093 on Pilgrim Petroleum Corp. (PGPM)

[ncpti]

I hope this gets squared away soon and the pps starts to climb. I am 2/3 down and getting impatient. I would average down but I would like to see some more details and positive quarterly. Just wait I guess!

[boxster2008]

If you read the SEC 14-F closely, you will see that a Divestiture transaction will occur where the implantable lens business will be assigned to BT Acquisitions and sold to the soon to be former IMVS owners in exchange for their 30 million shares. Therefore, the total outstanding shares will be reduced by 30 million and the medical patents/company will no longer be the assets of IMVS.

Form sc 14 F1for IMVS

http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=5784056</a>"

You can find it under "Certain Related Transactions". Hope that helps clarify things.