Replies to post #9803 on Pilgrim Petroleum Corp. (PGPM)

[danrpoints]

I'm not happy. I don't think that anyone here is up, so none of us should be happy.

[downsideup]

If you assume that what they are selling for today is in fact what they are "worth"...

You will likely also need to add in the value of ACLY shares not yet in your account to see how you are actually fairing on the trade ? But, what are they worth ? And, why aren't they in the account ???

Of course, it is hard to value PGPM or ACLY now, with the near total lack of transparency. Not a good feeling that you still don't see any ACLY shares in your account... and the sort of quiet period we are seeing now, with the failures to follow through on the distribution, the failure, thus far, to follow through on the "two day clock" on fixing the problem with the auditor, etc.

I agree that there is still an open ended risk, and open ended potential, in the possible outcomes here. IF they fix the problems with the auditor and the filings, and act to "make shareholders happy"... there is lots of potential for them to do just that. All the stuff written before about the "potential" for value still holds... including Bakken potential in the ACLY holdings, Palo Duro potential in the PGPM holdings, and a lot of other "black box" potential that can do a lot of good with news, if it is paired with good news on the resolution of the current issues...

So, flip a coin... tomorrow is Tuesday...

[bud_fox]

NO, PINEDO HAS BEEN SCAMMING AND LYING FOR MANY, MANY YEARS.