Replies to post #18129 on Pilgrim Petroleum Corp. (PGPM)

[awesomebummer]

LOL, good one!


And here's the interesting part in the new ACLY 8-K:

"On April 11, 2011, the Audit Committee of the Company provide Whitley Penn with a copy of this disclosure set forth under this Item 4.01 and requested that Whitley Penn furnish a letter ("Response Letter") addressed to the Securities & Exchange Commission stating whether or not it agrees with the above statements. Since the date of this request, the Company's president and CFO have made repeated attempts to communicate with Whitley Penn in order to obtain a copy of the Response Letter. As of the date of this filing, Whitley Penn has failed to provide a copy of the Response Letter to the Company. Accordingly, in an effort to remain compliant, the Company is filing this disclosure without the Response Letter as an attached exhibit. Company's CFO will be sending a letter to Whitley Penn making a follow-up request for the Response Letter. Immediately upon the Company's receipt of a copy of the Response Letter, the Company will amend this 8-K filing with the Response Letter attached thereto."

Isn't this almost 4 weeks ago? Maybe they've escaped to Mexico! Kind of a reverse migration...

So, ACLY now only needs:

* To clean up its theft of PGPM/affiliate's oil leases and other assets;

* Become current on its financial statements;

* Pass an audit;

* Complete its complicated foreign financing arrangements by June 5, 2011; and

* Get the above letter from the prior audit firm.

Of course, the winter sets in quickly in ole' Russia, hence the need to promptly get production facilities up and running in June/July.

ACLY management - a well "oiled" machine... (Oops!)