Replies to post #7108 on Pilgrim Petroleum Corp. (PGPM)

[boxster2008]

Just to clarify - the medical leases/equipment/patents are being allocated to the BT Acquisitions subsidiary of IMVS. After Lariat/American/Pilgrim execute the reverse merger, they will sell BT Acquisitions to the prior IMVS owners in exchange for their 30 million shares of IMVS which will then be retired. As such, that will provide PGPM shareholders approximately 35% of the new entity (whatever name they give it) with Lariat at about 60% ownership. However, all medical leases/equipment/patents will be gone and this will be an oil/exploration company.

Hope that helps. If you need more, just let me know.