Home / Going-concern warnings / PetroGas Co
Filed 2025-08-12 路 Form 10-Q 路 Accession 0001640334-25-001414 nano
Price before filing: $0.0426 (2025-08-11 close, split/dividend-adjusted)
Market cap at flag: $1.1M (2025-08-12) 路 Latest: $4,599 (2026-10-16)
| Window | PTCO | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +0.0% | +3.4% | -3.4% | 2025-09-11 |
| 90 days | +134.7% | +7.5% | +127.3% | 2025-11-10 |
| 180 days | +38.5% | +9.7% | +28.7% | 2026-02-09 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
"As of June 30, 2025, the Company has an accumulated deficit of $ 142,299,789 . We will need additional working capital to service debt and for ongoing operations, which raises substantial doubt about its ability to continue as a going concern."
Quoted from the filing. Source
The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.
Source: management disclosure in Form 10-Q (period 2025-06-30)
Why this score: quarterly (unaudited) disclosure
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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