Replies to post #18291 on Pilgrim Petroleum Corp. (PGPM)

[ncpti]

You have got a very good grasp here.....it's easy to hang on to the past but not looking at the path of the path to present is very undermining! JMO!

ncpti

[Dougman]

I agree with you cableguy, people used to say that about Thomas Raabe from ARET before he showed he can deliver.

My strategy is to follow the stocks of CEOs with bad records and where investors have lost nearly all their trust. This way you can get in at a low share price. Then you wait for the CEO to come good. This does not happen in most cases. However, you only need one stock to pop to make a fortune on some of these plays.

From past experience, I find the more investors distrust the CEO, the lower my share price entry point and also the higher my profit if the share price goes crazy. It is risky most of the time but like I said you only need one stock to pop to make some $. You gotta be smart about which ones to choose.

In my opinion, PGPM’s CEO Raphael Pinedo is exactly the kind of CEO that fits the profile. Most investors distrust him big time. However, if this Russia deal goes through, Mr Pinedo is potentially on the brink of becoming another ARET’s CEO Thomas Raabe.

The deal is absolutely huge. PGPM’s COO Matt O'Bryant acknowledges "Of course current valuation of ACLY is $0.34 with current bookable assets only. With Gustavson NW Texas Leasehold $0.35 to $5.00 and . . . with Kumskaya Neft Acquisition $5.00 to $70.00???"

I cannot let this opportunity go past without risking something on PGPM as the reward that I see is so immense compared to the risk.

If I am wrong, I lose some money and I will go & bet on another CEO that fits the profile. If I am right, all of us here will be in hysterics with happiness. I am confident Mr Pinedo will surprise us and we will all make some big dollars here.

The always optimistic Dougman :)