3SOF

sorry for only posted a link, but it's a rather lengthy article....i don't think it's anything new, but it reiterates the touchiness of the subject....



http://www.marketwatch.com/News/Story/Story.aspx?guid={D4830CBC-767B-4EE0-84A4-DB8F37ED1A42}&siteid=mktw&dist=nbs

this little tidbit of info, just popped the price up to .16....still looking for that $33.15/pps....man, if that's not optimism, i don't know what is....


Pilgrim Petroleum Announces Plans to Become a Fully Reporting Company


By BusinessWire
Last Update: 5/10/2006 1:40:02 PM Data provided by 

IRVING, Texas, May 10, 2006 (BUSINESS WIRE) -- Pilgrim Petroleum Corporation (Pink Sheets:PGPM), an independent oil and gas company, announced today the Company has begun the process of interviewing SEC qualified legal and accounting firms in preparation of the Company filing a Form SB1 or 10SB with the SEC to become a fully reporting public company under the provisions of Section 12(g) of the Securities and Exchange Act of 1934, as amended and or the filing of Form 211 with NASD to be listed on the OTC:BB.

The hiring of a qualified SEC legal and accounting firm is a significant step for Pilgrim Petroleum Corporation stated Rafael Pinedo, Company President. "This is the first step of many to create corporate transparency and understanding for our shareholders. This will also provide a vehicle for our investors to access financial and operational information about the Company that will be available to the public on a regular reporting basis."

Mr. Pinedo said, "Pilgrim Petroleum Corporation is involved in several lucrative acquisitions and is headed in the right direction to increase its profitability and we want to share this information with investors on a more timely basis and it is our expectation that this move will enhance our corporate image and broaden investor awareness. In the meantime, the Company will continue to communicate to shareholders and investors via press releases and our website www.bpetroleum.com concerning the Company activities."

Quote from: greatday8 on May 09, 2006, 12:24:34 PM
8K of 05/09 - cancel the 57,200,000 shares

ITEM 8.01 OTHER EVENTS.

On May 2, 2006, a court order (the "Order") affecting Geotec Thermal Generators, Inc. ("Geotec" or the "Company") was rendered in the marital dissolution matter styled: Susan Norris v. O'Brian P. Norris, No. 05-4981 FMCE 3890 (Cty. Ct. Broward Cty.) (hereinafter referred to as the "Norris Litigation"). In the Norris Litigation, Geotec sought to vacate portions of a divorce decree (the "Divorce Decree") that resulted in the issuance of 57,200,000 shares of Geotec common stock to Susan Norris' designee, Equities First Holdings, LLC. Geotec contended that Susan Norris (or any other person or entity) has never tendered any money or services (i.e., consideration) for the shares of Geotec common stock that she sought to obtain as a "marital asset" in the Norris Litigation. In the May 2, 2006 Order, the court stated that the Divorce Decree "does not bind Geotec." Accordingly, the Company instructed its transfer agent to cancel the 57,200,000 shares of its common stock issued to Susan Norris' designee, Equities First Holdings, LLC and such shares have been cancelled.

so, just curious, but if i owned any shares of this company, i have now lost them, due to the fact that a judge sided w/ the Susan Norris and all the shares of the company are now hers, or just the shares of Brian Norris?  just curious how this works...

well, i want to stay positive on this stock, but there is a canadian article, in which, cramer is kiinda retracting his initial "pump" on this stock....leaving me a bit worried...


http://www.canada.com/nationalpost/financialpost/story.html?id=cc6a4381-0c60-441 d-b4aa-4e09c6db4b1f

c'mon kids, let's go, daddy's gotta back the truck up.....


Standard Bank Converts Debt into Crystallex Shares
Friday May 5, 4:19 pm ET


TORONTO, ONTARIO--(MARKET WIRE)--May 5, 2006 -- Crystallex International Corporation (TSX:KRY.TO - News)(AMEX:KRY - News) announced today that Standard Bank Plc, ("Standard Bank") has elected to convert US$7,500,000 principal amount of their US$14,315,000 loan, (the "Loan") in accordance with the terms of the credit agreement dated December 23, 2005, (the "Credit Agreement") among Crystallex's subsidiary, ECM (Venco) Ltd. as borrower, Crystallex as guarantor and Standard Bank as lender. As a result of the conversion, Crystallex has issued 3,765,841 common shares to Standard Bank.
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In December 2005, Crystallex's subsidiaries settled their outstanding 71,239 ounces of gold forward sales and call option contracts with Standard Bank Plc and converted the settlement amount into a US$14,315,000 term loan amortizing over the next three years. The gold contracts were closed out at an average gold price of US$504.50 per ounce, substantially below the May 5, 2006 closing price of approximately US$682 per ounce, (see Crystallex News Release dated December 23, 2005 for details of the transaction).

The conversion of the US$7,500,000 principal amount represents the entire convertible portion of the Loan and was converted into common shares pursuant to the provisions of the Credit Agreement at a price equal to C$2.32 per share, representing the average market price for the common shares of the Corporation on the Toronto Stock Exchange for the five trading days prior to December 23, 2005 (the effective date of the Credit Agreement). The Canadian dollar share price was converted into United States dollars at an exchange rate of 1.1649 (being the noon rate as reported by the Federal Reserve Bank of New York on December 23, 2005). Following the conversion, Crystallex will have approximately US$6.7 million of debt outstanding to Standard Bank.

damn, i like this stock....it was selling off like crazy just before the bell (i actually saw a block of 119,600 shares sell at $5, that's almost $600,000,)  and it still climbs back up a few pennies at the bell....

c'mon Chavez, push this permit thru, you know you want it.....

this little guy popped 40% on this news.....and, for you holders of GSHF, it's up 11% too....now, if it'll go ahead and grab VRDM while it's at it....


INSEQ Announces Equity Conversion


By BusinessWire
Last Update: 5/5/2006 10:47:01 AM Data provided by 

NEW YORK, May 05, 2006 (BUSINESS WIRE) -- INSEQ Corporation (INSQ) today announced the reduction of its common shares outstanding by 3,000,000,000 shares due to the conversion by GreenShift Corporation (GSHF) of its 80% stake in INSEQ into 1,000,000 shares new INSEQ Series D preferred stock.

The conversion will reduce INSEQ's common shares outstanding from 4,948,173,844 to 1,948,173,844 shares outstanding. Additional information on this conversion will be available in INSEQ's Form 8K filing which will be filed later today.

INSEQ also announced its intention to file a registration statement on Form S8 today for 600,000,000 common shares for issuance under INSEQ's 2006 Stock and Stock Option Plan.

INSEQ is 80% owned by GreenShift Corporation (GSHF), a business development corporation whose mission is to develop and support companies and technologies that facilitate the efficient use of natural resources and catalyze transformational environmental gains.

Hey DEAL,
any thoughts on how she's doing....i really thought it might creep up to 5.30 or so and sit til earnings, which i have a feeling won't help it any, but, if the permit is granted before earnings, i think the stock will go up, considerably, and the earnings won't hurt it, ....if earnings come out first, i don't think we'll see a considerable jump til they show they're making a ton of money....

now, if Chavez nationalized the mines, this is all negated...

your thoughts?

Quote from: Holygrale on May 03, 2006, 10:37:36 PM
Looks like some consolidation...............

This might try to make another run............Not sure about all the fluff PR's, unless of course this is for real..............

I threw $200 in it a little on the hight side....of course, i'm not worried about it, but I am hoping it hits $33.15!!!!   

Quote from: rv on May 03, 2006, 03:32:38 PM

Quote from: REALDEALS21 on May 03, 2006, 02:57:43 PM
ok, good DD ! 

Not pumping Cramer, but stocks do jump when he mentions them, and KRY jumped a few months ago when he pumped this.  Now, it's 2:30p, CST, and he just mentioned KRY and Bolivia, and he mentioned Wellington and the Ministry of Mining.  Says there's nothing to worry about.  This is cheap and says grab it...

ok, just looked back at my streamer, and it popped from $5 to $5.15......as if, no one listens to Cramer....

Quote from: REALDEALS21 on May 03, 2006, 02:57:43 PM
ok, good DD ! 

Not pumping Cramer, but stocks do jump when he mentions them, and KRY jumped a few months ago when he pumped this.  Now, it's 2:30p, CST, and he just mentioned KRY and Bolivia, and he mentioned Wellington and the Ministry of Mining.  Says there's nothing to worry about.  This is cheap and says grab it...

Quote from: REALDEALS21 on May 03, 2006, 10:39:01 AM
I guess KRY is on SALE today ! NO news to cause the plunge !

found this on reuters....

Bolivian nationalization plan spooks Crystallex   
   
Wednesday, May 03, 2006 1:35:13 PM ET

TORONTO (Reuters) - Nervousness over Bolivia's plan to nationalize oil and gas reserves carried over into other Latin American sectors on Wednesday, triggering a 16 percent drop in shares of miner Crystallex International Corp. <KRY.TO>.

Shares of Toronto-based Crystallex, which has gold projects in Venezuela, fell as low as C$5 on the Toronto Stock Exchange, before rebounding a bit to C$5.48, for a loss of 50 Canadian cents, or 8.4 percent, on a heavy volume of 4.4 million shares.

"It's a ripple effect," said John Ing, president of Maison Placements. "They're being tarred with the Bolivian brush."

Earlier this week, Bolivian President Evo Morales said he was nationalizing the country's vast oil and gas reserves, rattling shares of companies with projects in Bolivia.

Catherine Gignac, an analyst with Wellington West, said there was "a lot of nervousness out there," but "nothing to get overly worked up about."

Crystallex's stock has gone through its share of turmoil over the past few years, as investors wait for the Venezuelan government to grant the final environmental permit needed to get the big Las Cristinas gold project rolling.

Crystallex says nothing has changed.

"We believe that we are at the end of the permitting process for the environmental permit and remain poised to develop the project upon its receipt," said Richard Marshall, Crystallex's spokesman.

About four weeks ago, Crystallex said it won approval for a feasibility study that clears the way for environmental authorities to grant the final permit.

"We are at the point where we believe that we can see news on the permit at any time," said Marshall. "There is nothing that we've seen in terms of obstacles, or anything that has to be overcome."

Las Cristinas is seen as one of the largest gold deposits in the world, with an estimated 13.6 million ounces in proven and probable reserves.

The Venezuelan government awarded Crystallex the contract to develop the deposit in 2002.


--------------------------------------------------------------------------------
(c) Reuters 2006. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world. 

Quote from: REALDEALS21 on May 03, 2006, 10:39:01 AM
I guess KRY is on SALE today ! NO news to cause the plunge !

actually, DEAL, there was some news, but as I read, it's positive, the next step toward approval from the Environmental Ministry...or have i read this little tidbit wrong?



Crystallex International Corporation (KRY) down 6.2% on 7.5 million shares traded.

Crystallex International Corporation is a Canadian gold producer with operations and exploration properties in Venezuela. In the company's latest news Crystallex International Corporation reported that the Ministry of the Environment and Natural Resources ("MARN") in Venezuela has notified Crystallex of the Ministry's approval of the "Permit to Impact Natural Resources" for a quarry on the Albino property to provide aggregate for the adjacent Las Cristinas project, and of the initiation of the normal administrative process by the Ministry.

Quote from: jing on April 27, 2006, 06:32:55 PM


Anybody care to chime in on what they think this will do to pps?

my .02¢???, it'll drop, because of diliution, oh wait, it did drop...buy back in later....good luck to ya...

Quote from: Livana on April 26, 2006, 06:58:59 PM
Ethanol, huh?
I've been meaning to look into that... I did free up some funds, by dumping UPDA (I waited way to long).
Thanks for the sto advice.

hey Liv,

I listen to cnbc all day while i'm working out of my house (nice, huh?), and they've been talking ethanol for about a month or two and are now really talking it up big time.  gas is going up because of it, farmers are getting .15¢ a bushel more for corn (on top of their subsidies), and the green companies producing ethanol are seeing bigger pps in the last 6 to 8 weeks.  if you take a look at XTHN, it's a new york co. w/ plans to build 5 more ethanol plants.  it went from $5 to $16 in a little over a month.  and the best part, the government brought all of this on w/ their mandadatory "scrubber" bill.  i think you could definetly pop in an out of VRDM, GSHF and make a nice profit....check those posts out...