Petrogress Inc. (PGAS)

[urge2surge]

Unless Receivership is petitioned and granted, don't see this returning. There's been ample time for filings. The OTC MMS shorting campaigners have contributed to this. Why comply and file if your not going to get a reasonable valuation of market cap and fair trade on your stock??
Let's hope there's an interested party willing to pursue the assets..

[intheweedsxx2]

Do you still have his contact? Think he would ever bring this back to reporting lol

[intheweedsxx2]

Could this ever come back? Worth a lotto ya think?

[urge2surge]

OTC is responding better now. Hopefully the CEO will file and retain compliance. Needs to capitalize on the momentum. Would be nice to see the market cap return to intrinsic asset value.

[urge2surge]

Unless receivership happens, I doubt this comes back. CEO just doesn't give a fiduciary fuck.

[urge2surge]

Money inflows on OTC accelerating. One of the lowest floats here. CEO would do well to update and regain full compliance. Hello corporate??

[urge2surge]

Control of assets and liabilities. Compliance fees and back filings. Not for the uneducated or outsider, but worth the efforts given the assets to debts. Bwdik

[CashCowMoo]

I am assuming if you go for receivership, you then assume all the liabilities. I wonder if they have loans payments due or in default. That seems like it would come with the package. Then you have to pay some lawyers to get compliant on reporting. Guess we will wait more since I cant do anything with these shares.

[urge2surge]

I am, and I don't know how long, but it'll require someone to petition the court to obtain it. I don't think anyone has but wdik? Got to wonder why someone hasn't. They have real tangible assets in the millions. Wtf??

[CashCowMoo]

You still holding this? Any idea how much longer before a court could get involved and grant receivership?

[CashCowMoo]

We have 4 shares traded today boys. Wow we are moving on up!

[urge2surge]

I don't think the company will allow that. I believe that opens the door to Receivership. They'll probably milk this too the fullest time allowance. If it gets fully delisted, the courts could grant Receivership and the CEO would essentially lose controls of assets and possibly stock holdings.

[CashCowMoo]

At what point does an OTC get delisted? I dont want that to happen but im stuck and it sucks!

[CashCowMoo]

it’s dead

[MakinBank]

management just decided to walk away from this one? they are not updating their filings why? anybody home?

[CashCowMoo]

Even more volume today. Huh I wonder whats up.

[CashCowMoo]

PGAS has some volume today. Actually has had some daily volume this week, but today has the most volume so far I have seen in a while. Something is up.

[urge2surge]

Could a resurrection be around the corner?
https://apnews.com/article/russia-ukraine-middle-east-africa-business-senegal-52c9da7d4d79d99fef1e35d0430dba25

[urge2surge]

With the ever changing geo political and energy landscape changing, PGAS, should it regain full compliance, could well be in a position of benefiting in an outright sale or merger. Europe is now, and for the foreseeable future, dependent on energy beyond the Russian pipeline. As in all aspects of life, knowing when and how to adjust, are important in obtaining survival and success.
Will see if the new supply and demand metrics affect this issue.

[urge2surge]

Tanker values are at their highest levels in over 13 years. Tangible asset values are only increasing. Will management be savvy enough to cash in on this opportunistic times? Still pink although currently on CE. You just never know.

[urge2surge]

Could be a partial order or additional signaling for all we know. It's on the expert market so they'll have no bid ask mm prints. The expert market is the ultimate screw job on sells and buys buy.. experts. Unless they file, or a court ordered attempt at receivership, the black mamba continues..

[CashCowMoo]

two days in a row of a little volume. kinda strange even though it’s hardly any shares. l2 has no MM on ask or bid for me

[urge2surge]

MM signal. Usually keep over head resistance but to early to tell what's going on. Nothing on filings. I'm actuallyhoping for a receivership play to eliminate current corporate management. They, it, him, needs to go..

[CashCowMoo]

400 shares just went through to bump it up 25%. wonder what that is all about

[urge2surge]

The only logical reason would be to pick up cheap shares. Not sure how that's legal but given their last delay and then disclose a 800k gas convenient store, beyond the pale doesn't even come close. Like I said, a court petitioned receivership would be a great justified move and compensation for shareholders. Would love to see the ceo lose it all. Could very well happen given the tangible assets.

[CashCowMoo]

this stock had so much potential. blows my mind how this ended up

[urge2surge]

Looks like the stock will be revoked. Filing or preferably a receivership is the only way back. This level of ignorance and willful negligence, by a company with real tangibles, is a new kind of pond scum low. I can only hope that a receiver steps in and invalidates the CEO shares and assets.

[urge2surge]

Europe will need to import oil products, mainly diesel, from regions such as the US, Middle East, India and other Asian countries. Russian diesel exports will also have to find new customers, presumably in places like Latin America, Africa and Turkey, while some may potentially also go to Asia, Torm said.

“We expect further support to the product tanker trade from the need to replenish both commercial and strategic oil inventories in many countries,” it said.

Tanker demand is also being supported by refinery closures in importing regions — partly due to the green energy transition and the hit from the Covid pandemic — and new capacity being built in exporters. Torm said it has seen a big jump in imports from Australia, New Zealand and South Africa, where refineries recently closed, and expects the general trend to continue.

File or Receivership. Either way the assets are there and somebody's going to make bank.

https://gcaptain.com/eu-ban-on-russian-fuel-imports-seen-as-boon-for-global-tanker-demand/

[MakinBank]

oops I mixed that up with another ticker. Sorry

[urge2surge]

New CEO? Unaware there was a new CEO fwiw. I provided the accounting firms number in a previous post. The only shock I'll have here is if someone doesn't petition the court for receivership.
Contact info for company on link.

https://www.otcmarkets.com/stock/PGAS/profile

[MakinBank]

I need contact info of the new CEO his email seems not to be working. I hope the number works will call when I get a chance.

[urge2surge]

Given the share structures, market cap, tangible asset values, it will be hard to find a better candidate for receivership. Keep the faith.

[urge2surge]

Unless management files, receivership is the only other path. Given the past performance, new ownership is long over due.

[urge2surge]

Regarding the receivership on the one I mentioned, the CEO successfully revoked the previous CEO and VP shares, also packaged up the filings for compliance. He gained receivership on the 10th. Talk about fiduciary fast track...wow.
That company has nowhere near the assets and tangibles that are here.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169750110

[urge2surge]

I do not have pm privileges as I'm a trial member only. Paid members are only allowed to. Not comfortable disclosing contact info on here. You can take a look at the the OTC I mentioned and possibly make inquiry as to the process with the new CEO via email and or website.
I'm sure there are others looking to possibly pursue this avenue, as the certainty of receivership is quite high. You can also contact the accounting provider, might be able to let you know if they've been in contact. I did before and found the gentleman to be pleasant and frank. I haven't done this as I'm in the belief that this is just another stall tactic to buy up cheap shares. You don't acquire 82% via open market purchased shares. Probably a candidate for review by the SEC as well.
The accounting firm number is 972 239-1660
You can probably request ask about receivership procedures with him etc.
If there ever was a clear case to pick up a solid turn around otc, this is it. The tangibles far outweigh the liabilities by at least a 10 factor.

[MakinBank]

can you please pm me your contact info that is exactly what I need to get happening with another shell.

[urge2surge]

I'm a trial member so no PMS allowed for me. As for receivership, a CFO or someone with capacity can petition the courts to take this over, so long as they can demonstrate capacity to execute filings and a track record of fiduciary etc.. Once granted, they'll have full ownership and stewardship, unless any of the tangible assets can be defended via private purchase. None of which qualify IMO. Once receivership is granted, they can sell off a Petro station, a tanker, shore up the financials, and or RM the complete entity. They could also rescind shares that were allocated to the CEO. Love that part.
The black mamba is jeopardizing a complete loss by their predatory tactics in non compliance. With the tangible assets here, it'll be hard to find a bigger fool in play...
For these reasons, no one should sell. There's too much value in the tangibles.
Hope that helps.

BFCH just got receivership. You can read the subsequent filings. The former CEO and VP forbidden under trespass on the property.

[MakinBank]

do you know about the receivership process? can you pm me? I cannot send pm's

PGAS, we have not heard anything from management. I often see managment just let the companies die. I have never seen a company come back after it was delisted at least in the same shape.

Even when management has what to lose. I have seen a shell I am currently trying to resusciate as an investor by trying to find a RM candidate with investors having invested $8M over $1.20 per share and the shell with $20M NOL's in the oil/gas field. I wonder if PGAS would be interested in leveraging on this shell for the $NOL's .might be able to buy the shell for like $50K

[urge2surge]

Would love to see a custodianship take place here. Snatch the company from the CEO, divest an asset to shore up the financials, and package up for a RM. Got another OTC that's doing this, and got the CEO and others not only removed but stripped of their shares. Outstanding!

[anothercoolaccount]

fingers crossed. I haven't seen anyone refer to dodgy CEO as black mamba, at first it was confusing but now it gives me a chuckle :D

I have about 15 smallcaps on OTC that are just blatantly manipulated. I think AXXA probably the most obvious. SEC having a good laugh at all of our expense since 2020

[urge2surge]

I mentioned another OTC that obtained receivership of the company due to the failure to file. The CFO successfully got that receivership and subsequently had the former CEO and others removed and barred from access to the property etc. There's always a possibility of that type of scenario manifesting here. Seizing the assets and taking full control. Personally I would welcome that given current management's ineptness, whether intentional or not. They could divest some of the assets and shore up the financials. A sale of one tanker or convenient Petro shop, would suffice. Let's hope that management is blindsided by their actions not to file, and permanently removed from the helm. Given the energy sector demands, and assets to liabilities, this favors a play towards receivership imo.

[CashCowMoo]

holy cow i never thought i’d see PGAS at .001

[urge2surge]

Yeah your better off. The whole crap show came with kingpin Bozo. The OTC is dead for now. Nothing on the OTC is permitted to run. Its a truly disgusting time to speculate in these markets. Compounded by all manner of scumbags on every level.
Will see if this ship gets arighted. Best thing that could happen here would be a reverse merger sale. Anything is possible. Just keep in mind that the black mamba owns 82% of this dog pile. It's in his best interests to get a deal done. I have another OTC that went dark and the former CFO got receivership of the company. The former CEO and company are forever trespassed from the property and business. Maybe someone else will follow the same route??

[anothercoolaccount]

Thanks for your posts on PGAS. It's hard to find info on these guys. I only bought a small amount around $500 but still not nice to lose 99% of it lol. I even googled their address on file to make sure it existed, looks like a dock side office.

I agree with you the OTC is just trash for the past year. I'm sticking to trading cryptos now, while just as risky as OTC, at least there are volumes and you don't have a criminal organisation like the SEC able to come in and just destroy the market.

[urge2surge]

Seller got screwed imo. 400 bucks? Yeah well the way I look at it , if it's a loss why, not take the full tax loss? The OTC is a dirty market. Factor in a black mamba, and you got a real poop pile.
Sit and wait here.

[Johnmail832]

40k shares sold and we got screwed .. can’t even averaged down

[Johnmail832]

40k shares sold and we got screwed .. can’t even averaged down

[urge2surge]

The wealth destruction under this administration, sanctioned and authorized, has been deliberate and criminal on multiple levels. Here's a repost of an accurate assessment of conditions accurately described by another poster. Sit and wait for now. If and when the OTC returns, there should be some good moves on select stocks. Maybe this one given the share structures??

SEC ruined penny market last year: in 21 years around this market there is no comparison on how bad/dead/manipulated this market is….for ten months now…

Its a straight up crime….and a shame. Because so many common people made money, government shut us down.

Everyone here posting about what should run including me….though very rarely these months, but almost nothing is. Why then post? They are not letting anything run…..we get a 50% runner and people freaking out…..but thats not what penny market is designed for…its for 500% runners in a month or so…or more.

Where are the multiple at least even 200% runners in a week? We had weeks w 10 of those……now…..a penny stock does 200% in a month and its a huge deal, lol

Im not even talking about the amount of 1,000%+ gainers we have always had w volume……those are all now mostly gone. ie i called almost 30 1,000% runners in the three years before this year….now none. Thats the manipulation/scam thats been happening here.

Until the powers that be let this market run and stop the brakes, buyer beware….and yaaawn…..and thanks, government. For the people by the people …i dont think so…..ruling elites made these new laws to ‘protect us’….: smh

Anyways…im out until just ONE penny stock, runs over 1,000% in a month, w real volume where hundreds of us can participate (cause if not worthless penny stock run)…..maybe bye for good?

….we shall see…but take care guys!

[Johnmail832]

Thanks for your insight urge2surge, I will let some guys holding big share amounts of pgas know..(1 million plus) and they are not happy with they way Chris Trioas is handling the company… no updates nothing from pgas just letting us hang out to dry it seems.. but I’m still holding this bag… a lot of penny stock like this wasted away … zom, Xela, fcel just about every sector pump and dump hard.. so many loss so much millions to hundreds of thousands.. roll the dice no more on stock for me ..

[urge2surge]

Current market cap is sub 800k. The value of their gas convenient shop. No values appropriated to their tankers and OTC listing. Millions under value here even in a solvency bankruptcies court. They have sizeable debt but given tangibles, there's more value than the 800k mc. The greatest loss is still the CEO 82% ownership holdings.

https://www.otcmarkets.com/stock/PGAS/security