Replies to post #7923 on Pilgrim Petroleum Corp. (PGPM)

[masc2279]

No and not only will it go to .1 it can go above because if they offer the Dividend above and beyond the buyback it will go to that value. which would be the buyback plus what people would pay to get a hold of the shares assuming there is no purchase date for dividend payback. If for some reason it goes below .1 you just hold till they close out the stock and you will be paid the announced amount assuming they announce it at .1 Hard to explain.

[SkyeCapital]

if it goes to .30 ill buy you your ticket lolll,

Masc is right with the buyback its a great thing when its implemented...all good company's do it when the company thinks they are undervalued and they have no where else they wish to invest to grow or what the shareholders to be happy, they buyback there own stock.

msft, cat, ir, intc, nov...they all do it with pre-announcements during a quarter or a year and then they nibble away when the stock gets hammered from a market condition or correction.

For Example MSFT, a boring stock but...an unvalued stock that is a screaming buy at around 25.50 right now, with the them buying back stock the company will be worth more when the market rebounds

I think MSFT is valued around a 28 dollar stock with the yahoo deal programed into it,

By buying back stock lower, undervalued, when it rebounds to 28 it will then move higher because they have more ownership

So if PGPM is buying back stock because it believes it is worth .02 and it is....then it will probably move higher because they have more ownership...

hard to explain....i do not understand the bid and ask for acle dont know whats going on

good luck good searching