Item 8.01 - Other Events
Petrogress, Inc. (the "Company") previously announced that it expected to file
its Annual Report on Form 10-K for the year ended December 31, 2020 ("Annual
Report") within the extension period afforded by Rule 12-b-25. However, the
Company was unable to file the Annual Report by April 15, 2021 due to
unanticipated delays in assembling all information required to prepare and be
included in the Annual Report, including without limitation the Company's
audited financial statements for its fiscal year ended December 31, 2020. These
delays are related to COVID-19 restrictions and lockdown periods imposed for the
last seven months in the countries where the Company conducts its operations. On
April 15th 2021 the Company filed an 8-K announcing a new estimated filing date
for May 10, 2021. Despite the efforts of management, the company is unable to
fulfil and complete its financial statements as the countries where the Company
primarily conducts its business operations still remains on lockdown, following
the public health orders and guidelines issued by local authorities in Greece.
The offices still remain closed as a result of the outbreak until late May 2021.
The Company is optimistic that the audit of the Company's financial statements
will be completed in the next month and the Annual Report will be filed with the
U.S. Securities and Exchange Commission by June 30, 2021.
Cautionary Statement Regarding Forward-Looking Statements
This Current Report on Form 8-K contains forward-looking statements. All
statements that address operating performance, events or developments that the
Company expects or anticipates will occur in the future are forward-looking
statements. These forward-looking statements are based on management's beliefs
and assumptions and on information currently available to the Company's
management. The Company's management believes that these forward-looking
statements are reasonable as and when made. However, you should not place undue
reliance on any such forward-looking statements because such statements speak
only as of the date when made. The Company does not undertake any obligation to
publicly update or revise any forward-looking statements, whether as a result of
new information, future events or otherwise, except as required by law. In
addition, forward-looking statements are subject to certain risks and
uncertainties that could cause actual results, events and developments to differ
materially from the registrant's historical experience and its present
expectations or projections. These risks and uncertainties include, but are not
limited to, those described from time to time in other reports which we file
with the U.S. Securities and Exchange Commission, and other risks and
uncertainties including, without limitation, disclosures to be made in the
Company's Annual Report and the possibility that actual net loss, revenue,
and/or expenses for the year ended December 31, 2020 are different from the
estimates provided herein.
--------------------------------------------------------------------------------
© Edgar Online, source Glimpses