Replies to post #18183 on Pilgrim Petroleum Corp. (PGPM)

[awesomebummer]

That's way too kind,


but appreciated, as are your board comments. We must never forget that we are minority shareholders, and Matt's first allegiance is to the majority. That means the insiders, including the Chairman, his boss, and himself.

It amazes me that with only 27 days left for ACLY to finalize their financing arrangement (per the LOI), and considering ACLY must have in place an acceptable "buyoff" arrangement with PGPM, that Matt wrote he is taking a family vacation this week. That means there will be 15 business days left, when he returns, to wrap up this loose end involving PGPM. It should have already been done, and maybe it has, with Matt's comments to us regarding the "initial ACLY offer" just more window-dressing.

Think about it, who made this offer and presented it to Matt? Did Ralph come to him and say, "here it is, go sell it to the misfits." That would be "instructions," not an "offer."