posted
I hope we are lucky enough to close at 0.07 right now we are dropping bad.. I am begining to think it is going back to 0.001 then they will do another name change and start the scam over again next year..
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posted
I am really begining to believe this company is a scam.. They only release fuff pr's.. They promise big numbers but never produce them.. We need to email the ceo and tell him to release the real numbers on the barrels of oil we have.. IF he doesn't we will be at 0.03 or worse.. Does any of you here want to stand idle while our investment goes down to nothing..
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posted
He told me that they had real good news release today. they didnt release it last week because of the bad market.. I think he just told me a lie.. Id doubt he will take our advice about releasing fuff pr's.. I hope so.. I really don't think they have any good news to release.. Think about it why set on good news on how much oil we have in reserve.. While the share price tanks.. ALl I ever get from them is we are working on that.. IT will be here soon.. They have been saying that for a few weeks now.. I think they are just buying time until we just give up and sell.. Then they change the name like last year and start this over again like they did to other investors in 2005.. MAybe if we keep emailing them they will aleast make up some lies to get the share price up some.. IF so I am getting out of this scam for sure.. I will advise anyone else to do the same. There are to many negatives with this company.. They also told me the q2 results are going to be good. HOW? they are pumping like 200-300barrels of oil a week.. that q2 is going to be joke.. If the share price is not down to 0.01 by then it will be after they release that lame report.. I have gotten different answers everytime I email them the same question.. They are lying like hell. Anybody who owns shares with this company please email them let them know we need some real numbers and no more fuff pr crap.. IF they get enough emails they might do something. The longer we wait the more money we lose..
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posted
"Gustavson report will be done witting weeks, we will provide details about Daniels well service in our website, Daniels well services operate under DBA Ernie Daniels in Orney Tx; Acquisition in Barnett Shale will be completed soon, we a mutual Non Disclosure agreement until closing. The majority of our acquisitions are based on a high value of the stock and our projections; the majority of this acquisitions are with people that we have relationship for over 10 years with lots of credibility. We will be posting a PR about some great news; but we are holding because the market in general is been down. Regards
Rafael Pinedo"
-------------------- "Money, so they say Is the root of all evil today."
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posted
Thanks for posting that.. js they have been telling me that same **** for weeks now.. "Gustavson report will be done witting weeks" what the hell is witting?? I assume it means within weeks.. Again they told me this weeks ago.. "the majority of our acquisitions are based on a high value of the stock and our projections" what does that mean? hell we are at 0.06 now I dont consider that a high value.. their projections.. well how did that 900 million barrels of oil projection turn out?? lol How are they are going to get the share price up on that fuff they plan to release. Since they will not release the Gustavson report?? Nobody cares about that little pos oil serivice company that just got.. ITs worthless it will not save them anything.. They most likely just gave them stock.. Which is soon becoming worthless too .. "We will be posting a PR about some great news; but we are holding because the market in general is been down." Hell they told me that last week. HE promised me it would be released today.. I guess we all know that was a lie.. THey have been using that market is down BS for a few weeks also.. "he majority of this acquisitions are with people that we have relationship for over 10 years with lots of credibility." lol what about that name change last year??? I emailed them about that and they told me they did not change their name.. That was another lie.. Atleast this time they told you the same lies I got.. its good to see what they are telling people so we can keep track of their lies. WE need to really start questioning them on some of these issues.. Everytime I do it they just never address the issue and tell me we are working on it.. it will be within weeks or some other bs..
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quote:Originally posted by pennyman33: Those big sells must have been dumps.. OR pgpm dumping diluting shares in smaller blocks.. closed at 0.55 we are getting killed..
i think if a company dilutes, it's gonna be more than those 400k shares
posted
I would think so too but you never know.. I emailed them about dilution too. They never replied to that one.. I emailed them several times about that.. never got a answer.. IF its not dulition I guess some people are just cutting their losses getting out while they still have something.. IT just lost support at 0.06 now.. IT had to be someone dumping shares.. We are losing our ass here.. Hold-em or fold-em just how much of a lose can you take??? you might not even own any shares of pgpm.. How can you defend a company which the share price tanking so bad and the lies they keep telling.. I am trying to get people email them so maybe that will least do something.. IF not you are certainly facing 0.001 and another name change.. its your money do what you want but I dont want to sit idle and lose my ass.. ITs so low now i cant sell.. trust me if it gets back up some I will get out.. I can not understand how you people can take such huge losses and still defend the company when you are taking the same losses as me.. You think if you do not sell you will not lose.. ANd you are wrong because it seems to me they have no plan to bring the pps up.. people told me they were promising that barnett shale deal in 2005!!! then the stock tanked to 0.0001 and then they changed the name of the company... think about that... Do you want that to happen to you this time?? IT will do you no good to get mad at me.. It still wont save you from losing your ass.. Why not starting emailing them about these issues.. I do it as much as I can.. But I guess most people would rather defend them and while the share price tanks..
posted
Thats fine hold-em or fold-em I expected you to say worse than you did.. You might not even own any shares of this scam.. Which is good for you but why bother to post here.. I guess I should have said the stock price is so low now that the money I get from the sale is so low I might as well have nothing.. But even you gave me some good advice.. "If you dont like it, get out now while you have some left." you must think this stock is going to tank also.. Oildog thanks for posting the info about the 2005 scam they pulled. I emailed them about it and The CEO said they DID NOT CHANGE THEIR NAME LAST YEAR.. Hmmm I think I was told another lie.. I thought this company had another rise left in it also.. That is why I didn't sell. But I see No news in the short future that will bring this thing back up. The good news they promise is probably another fuff PR.. We need the real numbers on their total barrels of oil and they will NOT release them. They keep saying within weeks. They have been saying that for weeks.. I think they don't have any real numbers or never planned to. It was just a lie.. IF you have such good news on large amounts of oil you own why not tell it.. The share price is tanking... Yet they do not bother to release any numbers..
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posted
pennyman...you are either a paid basher or the most ignorant, whining, newbie that I have ever seen on this board...If you are the latter, I would suggest that you sell your position now, take your losses, and stay away from the penny market...listening to you whine is pathetic...
quote:Originally posted by pennyman33: Thats fine hold-em or fold-em I expected you to say worse than you did.. You might not even own any shares of this scam.. Which is good for you but why bother to post here.. I guess I should have said the stock price is so low now that the money I get from the sale is so low I might as well have nothing.. But even you gave me some good advice.. "If you dont like it, get out now while you have some left." you must think this stock is going to tank also.. Oildog thanks for posting the info about the 2005 scam they pulled. I emailed them about it and The CEO said they DID NOT CHANGE THEIR NAME LAST YEAR.. Hmmm I think I was told another lie.. I thought this company had another rise left in it also.. That is why I didn't sell. But I see No news in the short future that will bring this thing back up. The good news they promise is probably another fuff PR.. We need the real numbers on their total barrels of oil and they will NOT release them. They keep saying within weeks. They have been saying that for weeks.. I think they don't have any real numbers or never planned to. It was just a lie.. IF you have such good news on large amounts of oil you own why not tell it.. The share price is tanking... Yet they do not bother to release any numbers..
posted
explain whats makes you so high and mighty buck*******??? Taking a complete loss.. Or just not owning any to begin with?? This stock is tanking into the ground yet you still defend it.. You must be a paid pumper.. You need to do a hell of job get this POS up.. All you do is attack people.. DO you have a answer to why they can't produce a good pr without fuff?? Why did the change their name last year and tank.. Then start up this scam this year.. WHo do you have to say about that??? paid pumper or blind idiot..
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IRVING, Texas--(BUSINESS WIRE)--June 13, 2006-- Pilgrim Petroleum Corporation (Pink Sheets:PGPM) announced today the company's 1-2 year projected EPS (Net Earnings/Outstanding Shares) $50,000,000/322,720,011 of 0.154, Based on this EPS multiplied by a sustainable growth rate of 25% and multiplied by the average industry P/E ratio of 14.79 (according Reuters), Pilgrim's intrinsic value or estimated stock value should be $2.847. According the Gustavson Report, our estimation of potential resources based on an early or "pre-development" stage, will represent a high probability of drilling success, which may indicate the valuation maybe up to double or triple of this projected stock value. When evaluating resources in particular contingent and prospective resources, Resources P50: Considered to be the best estimate of the quantity that will actually be recovered from the accumulation. (Source: Petroleum Society of CIM. Definitions of Oil and Gas Resources and Reserves) Recent activities related to the estimation of resources along with its on-going process for the preparation to become a fully reporting company and additional property acquisitions among others will let Pilgrim capitalize on its true value of operations as well as opening a transparent communication between the company and its shareholders. Pilgrim Petroleum management is focused on multiple horizons with hydrocarbon potential and is proud to communicate that the company's combined assets are now producing in an upward trend and new discoveries for further hydrocarbon potential have been made. Rafael Pinedo, President and CEO of Pilgrim Petroleum Corporation, commented, "Pilgrim Petroleum is growing in a very fast pace with substantial opportunities. Management is now outlining further corporate actions to continue our process of streamlining operations. Pilgrim Petroleum is looking forward to keeping investors informed on its progress and success in 2006."
About Pilgrim Petroleum Corporation
Pilgrim Petroleum Corporation is an independent oil and gas company based in Irving, Texas. The company is acquiring oil and gas leases, producing properties, mineral rights, and surface interests in Texas. Once acquired, the company intends to develop each property to maximize the income from each property by refurbishing and improving the existing production.
Forward-Looking Statements
The statements which are not historical facts contained in this release are forward-looking statements that involve risks and uncertainties, including but not limited to, the effect of economic conditions, the impact of competition, the results of financing efforts, changes in consumers' preferences and trends. The words "estimate," "possible," and "seeking" and similar expressions identify forward-looking statements, which speak only to the date the statement was made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, because of new information, future events, or otherwise. Future events and actual results may differ materially from those set forth herein, contemplated by, or underlying the forward-looking statements. 2006 Pilgrim Petroleum Corporation. The information herein is subject to change without notice. Pilgrim Petroleum Corporation shall not be liable for technical or editorial errors or omissions contained herein.
KEYWORD: NORTH AMERICA TEXAS UNITED STATES INDUSTRY KEYWORD: ENERGY OIL/GAS EARNINGS SOURCE: Pilgrim Petroleum Corporation
posted
I do not have one bad thing to say about that pr.. That is what I have been asking for.. I emailed the the company several times and told them NO MORE FUFF PR's give us a PR with real numbers in it so investors and potential investors have a way to put value on the company.. They did it.. wow... I DIDNT SELL YET..
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