$PGPM Shareholder Letter hit OTC markets yesterday. Seems we may have missed it in all the trains and bitcoin excitement!! I would/will be buying this dip. No dilution, toxic funding etc... Very solid IMHO.
Company Announces letter to Shareholders
May 25, 2017
OTC Disclosure & News Service
Addison, TX -
Pilgrim Petroleum Corporation(PGPM), is an oil and gas exploration- development (E&D) company focus in proven fields exploited by well managed independent oil companies extracting reserves at lower risk and lower cost than unproved prospects; today issued the following letter to shareholders:
Dear Shareholders,
Pilgrim Petroleum Corporation "US Public Corporation" (PGPM) clarify that recent developments related to stock price has nothing to do with dilution, stock sale from insiders or debt conversions issuances. Moreover, the company is more interested in continuing with private capital, from a combination of insiders and certain private individual investors (friends and family). Further, "Management has chosen not to accept typical private equity funding at this time in an effort to maintain complete control and oversight of its operations-assets".
The purpose of this letter is to confirm our main priority, complete the process of compliance: "adequate current public information" pursuant to OTC Markets Groups Guidelines.
Legal Notice Regarding Forward-Looking Statements:
This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor created by those sections. About Pilgrim Petroleum Corporation. Headquartered in Addison, Texas, Pilgrim Petroleum Corporation is a publicly traded company (PGPM). Pilgrim Petroleum Corporation is an independent oil and gas company. The company is acquiring oil and gas leases, producing properties, mineral rights, and surface interests. 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. 2017 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.
Shareholder inquiries: info@pilgrimpetroleum.com
Copyright © 2017 OTC Markets. All Rights Reserved
Company Announces letter to Shareholders
May 25, 2017
OTC Disclosure & News Service
Addison, TX -
Pilgrim Petroleum Corporation(PGPM), is an oil and gas exploration- development (E&D) company focus in proven fields exploited by well managed independent oil companies extracting reserves at lower risk and lower cost than unproved prospects; today issued the following letter to shareholders:
Dear Shareholders,
Pilgrim Petroleum Corporation "US Public Corporation" (PGPM) clarify that recent developments related to stock price has nothing to do with dilution, stock sale from insiders or debt conversions issuances. Moreover, the company is more interested in continuing with private capital, from a combination of insiders and certain private individual investors (friends and family). Further, "Management has chosen not to accept typical private equity funding at this time in an effort to maintain complete control and oversight of its operations-assets".
The purpose of this letter is to confirm our main priority, complete the process of compliance: "adequate current public information" pursuant to OTC Markets Groups Guidelines.
Legal Notice Regarding Forward-Looking Statements:
This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor created by those sections. About Pilgrim Petroleum Corporation. Headquartered in Addison, Texas, Pilgrim Petroleum Corporation is a publicly traded company (PGPM). Pilgrim Petroleum Corporation is an independent oil and gas company. The company is acquiring oil and gas leases, producing properties, mineral rights, and surface interests. 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. 2017 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.
Shareholder inquiries: info@pilgrimpetroleum.com
Copyright © 2017 OTC Markets. All Rights Reserved
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****Disclaimer**** Nothing I post is meant to be investment advice. Please do your own DD and research. At the end of the day we are all responsible for our own actions. I click the buy button and I click the sell button. I and I alone.
