Azure Holding Group Corp (AZRH)

[Controlledoilandgas]

First off - let me address something here - all of you that are on here preying on Cohens downfall are in for a rude awakening... there's nothing any of you naysayers can do stop Cohens emergence in one of most difficult industries to operate in in America.  Again - you bash him on this BS site full of paid bashers to begin with... and I'll always point to his LinkedIn following, and the amount of respect he gets on a real platform like LinkedIn...
The company's net loss was driven almost entirely by a goodwill write off that was a non cash event.  Cohen actually understands how to account for items under U.S. GAAP, given his strong accounting background and experience as both an sec public auditor at PwC as well as his CFO experience prior to starting his investment bank.
Second off - Cohen has assets. A lot of assets, many that he has included on the public company balance sheet, ans many that he holds in his private holding company underneath his family Trust.
Third of all - Cohen is rich. Cohen has been rich.  Cohen has been investing successfully through multiple up and down markets in both oil and gas penny stocks, distressed and under capitalized oil and gas operators, and distressed or under capitalized oil field services companies since 2017, when he exited his second nationwide construction company to private equity to focus exclusively on Oil & Gas.
Attached is the Final draft of the first cut of his appraisal / SEC certified third party engineering report, a precursor condition to the financial statement audit.  Note that this does not include Phases 2, 3 or 4 of his capex program that's he's been funding with his own cash + the sale of some of his equipment listed on the public company's balance sheet while capping his outside raise at only $1.5M so that he doesn't oversell or over dilute his cash flow from a private equity investor perspective.
To simplify this report - this report equates to what the team believes is only 2-5% of the total field potential, and the engineers have expected Cohens Phase 2 - 4 programs until Cohen begins and successfully proves out his theories on this field (prolific oil reserves in the company's deep mineral rights, exploiting the gaps in the current San Andreas reservoir between existing well bores through shallow side tracks).
Let me also make something clear - the only person on this board that is compensated or paid by Cohen is me - so knock it off with the shit talk because it's coming from a lot of board participants who flip faster than a pancake.
Cohen doesn't need to be doing any of what he's doing - the primary reason he's doing it is to build a really big Oil and Gas company and to make his own name in an industry where the barrier of entry is extremely high and you need a lot of money privately to make anything happen.
Cohen hasn't taken a single dollar from anybody in this bird or any retail investor - and loves his supporters.
But my goodness, give the man the credit he deserves and encourage him don't keep beating him down because that will only end in him resenting retail investors (not that that would matter, because Cohens whole business mission is to help everybody that believe in him get rich and make more money than him).
We have been extremely transparent on what happened with the securities attorney opinion letter for the Shell and unfortunately there are bad service providers out there that have slowed our process down... you keep calling cohen and myself full of excuses... and you're wrong...
To those complaining about missed deadlines... you're flat out arrogant and ignorant to the fact that the tariffs impacted the global economy and small business and we've been nothing short of transparent about that from the moment it happened...
Filed third party SEC engineers report (note that the current assessment based on the current state of the field before CAPEX begins is $7.2M, that is a discount to the future cash flow of $12.4M EBITDA and $27M gross revenue of readily accessible and available oil and gas connected to existing pipe infrastructure with minimal surface and downhole workovers like pump changes, hot oil and chemical treatments).
https://www.otcmarkets.com/file/company/financial-report/480912/content