China Unlimited

[ShortsFail]

How's this? Key $PGAS PR takeaways here. Great news for shareholders!

Pendings deals
Looks like we have deals to look forward to!

“...several of these business opportunities now appear sufficiently developed and imminent...”

Risk Management
$PGAS did a VERY smart risk management move here. They formed a separate LLC to shield the liability of the main entity from speculative (risky) business opportunities. Once they reduced the risk by securing the deals, they rolled the entity into the main corporation.

“PIL was formed in early 2017 by Chairman Christos P. Traios as a Special Purpose Vehicle to allow pursuit of speculative business opportunities in Africa and elsewhere independent of Petrogress, Inc.”

"...such that it is now appropriate to consolidate PIL’s business into Petrogress, Inc."

Mr. Traios stated, “I’ve done business in Africa for many years, and have learned it is necessary to exercise great care in any new venture and in dealing with new partners, including with respect to proper relations with governments and government officials. We’ve been presented with great opportunities in Africa, including further development of existing business in Nigeria and Ghana, and, potentially, Libya, along with new business in Cyprus. Although we understand the importance of, and remain committed to, complete transparency in our dealings with shareholders in the public markets, the use of Special Purpose Vehicles serves many important purposes in this arena.”


https://globenewswire.com/news-release/2017/09/26/1133052/0/en/Petrogress-Inc-Acquires-Interest-in-SPV-and-Commences-US-Oil-and-Gas-Operations.html