Replies to post #7979 on Pilgrim Petroleum Corp. (PGPM)

[masc2279]

There's Hundreds of scenarios. I am hopping it is one that involves a latter date and not restrictions on the ACLE shares that i hope they offer which allow PGPM shares to move freely with demand. And then announce good news to ACLE and start a jump in PGPM because it would be a cheap way to enter ACLE. But that is just what i would love to happen there is no way to know till they announce. GLTA

[bobbertino]

Last time they did a share dividend on 12/31/07,
it was 25% and I got 67,000 freebies posted
automatically to my Scottrade account on what
I held at the time.

I now hold 2.5M shares, so another 25%
would give me 625,000 freebies,
bringing me up to 3.125M shares.

Who knows, the dividend may be more than
25% this time.

Then the buyback ratio would be figured from there.
I would be ecstatic if they offered a Buyback
@ .01 for PGPM shares.

That would give me 3.125M x .01 = $31,250.
If the Buyback is .02, like some have calculated,
that would give me $62,500! and I would be doing the
Happy Dance of Joy!!

If they give a 25% dividend and only a
.005 Buyback, that still gives me
$15,625 which, for me would be a profit of
$2,625.

In any event, I am thrilled that after
2 years I will probably at least
make a profit off of this thing!

If it goes to .06, like Pinedo repeatedly
has claimed PGPM is worth,
that would be 3.125M x .06 = $187,500!!...
so, I really don't see that happening.

.30 would give me $937,500,
so I REALLY don't see that happening either.

In any event, I keep remembering Pinedo's e mail statement that "I'm sure you will be pleased".

I don't see how he could think any shareholder would be
"Pleased" with a Buyback of less than .005.

Also, in an e mail response to me quite a while ago,
he said, "Remember, my friends and my family
are also PGPM shareholders, so I want it to
make money for them also".

Hold a good thought!

GLTA!!