Replies to post #18030 on Pilgrim Petroleum Corp. (PGPM)

[duratrader]

If RP was trying to pump, he would have PRed immediately
It makes sense That he waited until they were sure about going forward with the deal first. Now Arcland Puts their $$MONEY where their mouth is. Arcland is paying for Auditing 3 years of Financials and 10K and paying for this PR.

commencement of completing an audit of the Company's financial statements for the fiscal years 2008, 2009 and 2010. At the conclusion of the audit, the Company will become current in its reporting requirements including the annual report on Form 10-K

You don't spend all this money unless it has a 99% chance of going through. Companies always know within the first 30 days, The remaining 60 days is for paper work.