Petrogress Inc (fka PGAS)

[CashCowMoo]

PGAS screwed its investors, and when I say investors I mean people who got suckered into buying years ago. When this guy out of Greece had no intention on running a sound operation. From the SEC revocation:

Respondent’s violations were recurrent in that it has failed to file required annual and
quarterly reports over multiple years.19 These violations are serious because “reporting
requirements are ‘the primary tool[s] which Congress has fashioned for the protection of
investors from negligent, careless, and deliberate misrepresentations in the sale of stock and
securities.’”20 An issuer’s failure to file periodic reports violates “a central provision of the
Exchange Act . . . , depriv[ing] both existing and prospective holders of its registered stock of the
ability to make informed investment decisions based on current and reliable information.”21 That
Respondent repeatedly ignored its reporting obligations evinces “a ‘high degree of
culpability.’”22 And because Respondent failed to answer the OIP or respond to the show cause
order, it has submitted no evidence of any efforts to remedy its past violations and ensure future
compliance. Nor has it made any assurances against further violations.