PETROGRESS, INC. (OTCMKTS:PGAS) Files An 8-K Changes in Registrant’s Certifying Accountant
Item 4.01
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Changes in Registrants Certifying Accountant. |
On January 18, 2017, Petrogress, Inc. (the Company) was notified
by RBSM LLP (RBSM) that it was resigning as the Companys
independent registered public accounting firm. The Company has
engaged David S. Friedkin CPA (Friedkin) as its new independent
registered public accounting firm effective immediately. The
engagement of Friedkin as the Companys new independent registered
public accounting firm was approved by the Board of Directors on
January19, 2017.
RBSM has not issued any reports on the Companys financial
statements during its engagement period beginning on October 31,
2016 through January 18, 2017 (the Engagement Period).
During the Engagement Period, there were: (i) no disagreements
(within the meaning of Item 304(a)(1)(iv) of Regulation S-K) with
RBSM on any matters of accounting principles or practices,
financial statement disclosure, or auditing scope or procedure,
which disagreement(s), if not resolved to the satisfaction of
RBSM, would have caused RBSM to make reference to the subject
matter of the disagreement(s) in its reports on the consolidated
financial statements of the Company; and (ii)no reportable events
(as such term is defined in Item 304(a)(1)(v) of Regulation S-K).
The Company provided RBSM with a copy of this Form 8-K prior to
its filing with the Securities and Exchange Commission
(Commission) and requested that RBSM furnish it with a letter
addressed to the Commission stating whether it agrees with the
statements made above. A copy of RBSMs letter, dated January [*],
2017, is attached herewith as Exhibit 16.1 to this Form 8-K.
As previously reported on the Companys Current Report on Form 8-K
filed with the Commission on September 27, 2016, as amended on
September 30, 2016, the Company engaged Friedkin as its
independent public accountant during the period from May 18, 2016
to September 27, 2016 (the Original Engagement Period). The
Company then dismissed Friedkin on September 27, 2016 when it
became aware that Friedkin had not been registered with the
Public Company Accounting Oversight Board (the PCAOB). As of
January 10, 2017, Friedkin is a PCAOB-registered independent
public accountant.
Except for the Original Engagement Period, during the Companys
two most recent fiscal years and the subsequent interim period
prior to the engagement of Friedkin, the Company did not consult
with Friedkin regarding (a) the application of accounting
principles to a specified transaction, either completed or
proposed; (b) the type of audit opinion that might be rendered on
the Companys financial statements, and neither a written report
was provided to the Company nor oral advice was provided that
Friedkin concluded was an important factor considered by the
Company in reaching a decision as to an accounting, auditing or
financial reporting issue; or (c) any matter that was the subject
of a disagreement or reportable event as defined in Items
304(a)(1)(iv) and (v), respectively, of Regulation S-K with RBSM.
| Item 9.01 | Financial Statements and Exhibits. |
(d)Exhibits.
The following exhibit is filed as part of this Current Report:
| 16.1 |
Letter from RBSM to the Securities and Exchange Commission regarding statements to be included in this Form 8-K, dated January 19, 2017 |
About PETROGRESS, INC. (OTCMKTS:PGAS)
Petrogress, Inc., formerly 800 Commerce, Inc., is a holding company. The Company, along with its subsidiaries, is engaged in international trading and shipping business. The Company is engaged in exploring the potential for acquiring or purchasing or leasing newly built liquefied natural gas (LNG) vessels in the United States to be used for the supply and sea freight of the United States LNG exports. The Company’s subsidiary, Petrogres Co. Ltd. (Petrogres), operates as an oil commodity company in West Africa. Its other subsidiaries are Petronav Carriers LLC (Petronav) and Petrogress Oil & Gas Energy Inc. (Petrogress Energy). Petronav focuses on primarily managing the day-to-day operation and handling of the tanker fleet it manages. Petrogress Energy is primarily focused on investigating the feasibility of acquiring oil fields in Texas so that the Company can expand its operations into the LNG market within the United States market. PETROGRESS, INC. (OTCMKTS:PGAS) Recent Trading Information
PETROGRESS, INC. (OTCMKTS:PGAS) closed its last trading session 00.0000 at 0.0449 with 234,892 shares trading hands.
