Replies to post #16129 on Pilgrim Petroleum Corp. (PGPM)

[bobbertino]

Matt's response re: reducing shares:

(my message)
hey matt,
just a thought...
instead of having a billion issued shares sitting around doing nothing,would it be possible to cancel half of them.
that would leave 500 million and drive up the pps.
would this generate some revenue?
it might be worth a shot to generate some cash flow in the short term
to get production going again.
the de - issued shares could always be re - issued again later.
thanks,
bobbertino
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(matt's response)
I’ve thought about this.



I would want to do something like this in conjunction with a Pilgrim buy back of shares.



Need healthy cash flow first.



Matt
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Sounds good to me!!