Replies to post #8149 on Pilgrim Petroleum Corp. (PGPM)

[SkyeCapital]

Your right...these low prices before the buyback would be great for us, but looks too good to be true, but the reason is because of the lack of clarity with other things in the company...

however we do know that on...(old press release)

http://biz.yahoo.com/iw/080918/0435382.html


We just have to wait for the approval and hope that its still in the best interest of PGPM shareholders.

So yes, it looks like a giveaway at .0004-.0005...when people here value the company from .006-.02


Either or, im trying loading up another 5 million around here for this calculated speculative play. If it goes south, there are a million other plays out there to make it back.

(On the total flip side im buying Wachovia in and out before the bail out...around 10)

good luck good searching

[SkyeCapital]

I have had great success riding company's before buyback programs so I am hoping to repeat the same in PGPM.

i can not get enough of this stock when you think about it (low ball) possible 5x-10x gainer; its just to hard to ignore with the stock market in a recession and debating a depression.

But, penny land plays by different rules and can crash quicker then it goes up...so a 10x er is possible....exciting times small buys DCA

good luck good searching