Simply that the S-1/A has been reviewed by PGCX council and by an independent registered public accounting firm, both have stated their opinions about the authenticity of the document, their concerns and that the financial statements and shares to be sold are valid. The independent auditor of course emphasized note 7 about the company as a going concern because of their lack of income in the previous two years. IMHO GL
They now have income coming in from the Kruud Kleen purchase order.
"The purchase order requires a minimum purchase of 70 barrels per week and a maximum of 105 barrels per week. The sales price is $1,000 per barrel and our cost is $800 per barrel., which results in a minimum purchase annually of $3,640,000 with the maximum being $5,460,000. The Company’s gross profit is approximately $200 per barrel."
Statement above on page 7 and the actual purchase order is on page 99 of the S-1/A linked below:
The order above is a minimum of $14k a week or $56k a month in profit by the way for PGCX. Revenue minimum is $70k a week or $280k a month, which is a substantial monthly cash flow for this start up.
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