Petrogress Inc. (PGAS)

[chinabuys]

100% correct as faith belongs in church not in the stock market where you can make a decision based on data, timing and maybe even some luck but faith is a word that simply replaces the phrase no evidence.

History and comparison time

800c
formed in Florida on February 10, 2010

first 10-q submitted -10/13
492K total assets

10-q submitted -10/14
140,357 total assets


96% of our revenues for each period, were received from one of our merchant service providers.........now its one sometimes 2 but there is no significant change in + revenue

here is what they touted to investors and receivers of the dividend

company outline/goals/intentions
Pursuant to the iMD agreement, we also have a twelve month option for iMD to build a white label
version of the iMD portal for My800doctor.com. The estimated one time cost of building the
platform and system is $42,000 and the estimated time of completion would be ninety days. Under a
license, the my800doctor.com portal would be able to offer the uninsured a variety of healthcare
options, including a search and appointment directory in any desired field of medicine. For consumers
seeking an immediate consultation, telemedicine options will be available, thereby allowing patients
to speak directly with a physician online through a HIPPA compliant “Skype Like” video platform for
diagnosis and e-scribing. Additionally, we plan to offer consumers to establish and maintain their
personal healthcare records. We plan for users to be able to search for doctors by specialty and other
categories, read doctor reviews, view medical related video content and schedule visits electronically.
We plan to charge a subscription fee of $299 a year or $19.95 a month. Consumers will be able to choose
from among participating physicians, receive online consultations at a minimum cost, receive prescriptions
via email and get SMS prescriptions alerts and appointment reminders. We expect these features to be desirable
by cutting down on time and travel related costs associated with customary doctors’ visits and standard healthcare.
Pursuant to the license we will pay iMD:

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here is the current state of that "vision"

10/14-
The Company has completed its’ initial on-line portal and mobile application dedicated to a directory
of medical doctors, however the Company has not commenced revenue producing operations by way of
the medical directory. The Company has shifted its focus on the acquisition of revenue providing
businesses within the mobile sector which will fund the re-launch of its online portal efforts

I can think of another company that recently RE-shifted its "focus", changed its name.....same clowns.

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as to: BOTG-

While the specific terms of the acquisition will be announced upon the execution of a definitive agreement, the acquisition is expected to be completed by the end of October, 2014

-came,...... gone and their was a recent press release issued on this prior to a nice drop in pps


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this is how they diluted their own stock while lining their pockets with our hard earned cash on the mediswipe side
all the while manipulating the pps

On August 1, 2012, the Company began to receive additional revenue pursuant to a processing
service provider’s assignment to us of a portion of its fee income under one of its service
contracts in exchange for our issuance of 500,000 shares of our common shares. During the
six months ended June 30, 2013, the Company also sold 2,050,748 shares of MediSwipe common
stock it owned and has realized proceeds of approximately $77,000 from the sales

-then-

We will need to raise funds to continue to be able to support our operating expenses
and to meet our other obligations as they become due. Sources available to us that we
may utilize include the sale of unsecured convertible debentures from unaffiliated
investors which may cause dilution to our stockholders. The company expects to increase
sales of additional products over the course of this fiscal year.


dilution for agtk now at this point ....coming again
10/14-

The Company’s marketable securities consist solely of 600,000 and 650,000,
as of September 30, 2014, and December 31, 2013, respectively, shares of
Agritek common stock, issued to the Company in connection with the Company’s
formation in 2010. The Company classifies its marketable securities as available-for-sale securities,
which are carried at their fair value based on the quoted market prices of the securities with
unrealized gains and losses, net of deferred income taxes, reported as accumulated other
comprehensive income (loss), a separate component of stockholders’ equity. Realized gains and
losses on available-for-sale securities are included in net earnings in the period earned or
incurred. During the three and nine months ended September 30, 2014, the Company sold 0 and 50,000,
respectively, shares of stock and recognized a gain of $0 and $7,054, respectively. The fair value
of the Company’s holdings in Agritek’s common stock totaled $54,000 and $72,150 as of September 30, 2014
and December 31, 2013, respectively
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this clause allows the use of an arbitrary strap-on
Effective August 1, 2012 the Company adopted the 2012 Equity Incentive Plan (the “2012 Plan”) whereby the Company has reserved five million shares of common stock to be available for grants pursuant to the 2012 Plan.

paid of canton, paid off climes....they sold.....more dilution

Effective August 1, 2012, the Company entered into two
Advisory Board Agreements (“ABA”) pursuant to which, the
Company granted to each of Dr. James Canton and Mr. Scott Climes a
non-qualified stock option to purchase 800,000 shares of common stock
of the Company at an exercise price of $0.30 per share. The options
were granted under the 2012 Plan and have a three year term. Mr. Climes
is now a member of the board of directors of the Company and Dr. Canton
was the Chairman of the Board of Directors of the Company at the time
(resigned January 15, 2014). All of the options granted are fully vested
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raise capitol, dilute agtk
10/14




The Company has limited cash and cash equivalents on hand.
The Company maintains its’ daily operations and capital needs
through revenue from our marketing of credit processing services
by way of fees we receive from merchant payment processing service
providers on whose behalf we broker their processing services, as well
as from the sale of marketable securities the Company owns. During the
nine months ended September 30, 2014, the Company sold 50,000 shares of
Agritek common stock it owned and realized proceeds of approximately $16,554 from the sales.







its a hodgepodge on the surface but underneath everyone is related to everyone so the money is being shifted but nothing meaningful is going on that will return ANY value to the shareholder.......most of us are here as a result of a dividend no SANE investor would disseminate this information from their own 10-q's and invest in this company.