Providence Resources Inc (PK) (PVRS) News

https://www.otcmarkets.com/otcapi/company/financial-report/378012/content

Check Stocktwits for more links

Nice article from 2017. Little background and history on Pukang Group and Shugang Feng

https://www.chinanews.com.cn/m/cj/2017/08-06/8297091.shtml

Nice catch.
People don't relies the amount of house cleaning that goes into leaning up an old dead shell. And if you're broke like me, you gotta sell shares to pay for it. Takes time. Especially when everyone knows your broke.,

Looks like they got a new Transfer Agent. I guess that's a small indication they're making moves

Damn Chinese are the only ones doing shit

I agree that communications with the CEO is odd but they don't have any avenues for updates outside of filings at the moment. One guy on Stocktwits has access to some Chinese news articles about them but it's not much

Thanks Mav

I've always found those that reply are scams. A big red flag when a CEO replies to rando retail guys like me out of the blue.

Best I can do is get my fishing pole out and do some bottom fishing.
And wait..

Not a good time for drilling oil wells. New wells are down 10%
Biden will run out of Strategic Petroleum reserves soon enough. The entire world is watching and waiting. The Saudis gave old Joe a big fat F'you to your sanction threats.
I bet oil hit $150/brl. About the time they dump this mess in Trumps lap

We are hoping for an update with 2Q filings. Correspondence with CEO confirms they will merge one of their major businesses with this entity. Not sure when. Great entry price imo but no idea on timeline.

Try emailing them to see if they'll give you an update. I haven't gotten a response lately so maybe something is cooking

This thing looks like it's bottomed out.
Good time to take a lotto stack?

$PVRS profile updated

Pukang Group Holdings Ltd., formerly Providence Resources, Inc., was formerly involved in the exploration and development of prospective oil and natural gas bearing properties in Texas. Since April 5, 2022, the Company's name is Pukang Group Holdings Ltd. The company currently has no business operations and intends to seek, investigate and, if such investigation warrants, engage in a business combination with an entity whose business presents an opportunity for the Company's shareholders.

8k filed yesterday !!!!!

Yes FINRA has been running very slow. There are supposedly a number of different companies waiting for approvals from them.

FINRA could take easily several month just like BOPO case

$PVRS
Name change to Pukang Group Holdings Ltd. is official on TX SOS. And no surprises on the amendment. Now in FINRA’s hands for name & symbol change then we’ll start hearing from the company. Let’s go!

https://twitter.com/suits_n_stocks/status/1518967745009836035?s=21&t=Mnfa8n7BDMIK92w95RwnAA

Nice. Waiting patiently here as well

I'm very patient with this one. Been here since end of September. Averaged at 7cent. Looking for 1$+. I'd imagine we will be there by EOY

Loaded with 250,000 shares here. .13 average.

Will add heavy if it wants to dip to low .10s

$PVRS best keep a close eye here! Like what the CEO is saying :)

https://twitter.com/suits_n_stocks/status/1509914395287207942?s=21&t=NNruJhfXQ0bdnRhE2iCAAA

Patience is key here .

100,000 shares .. if it dips will buy more . I am in mtrt so i know how to be patient! :)

Why does NIO? Why does PinDuoDuo? We don't drive their cars or shop on their sites. You are small minded not thinking an international custodianship offered on many exchanges is not a top notch merger target. But here we are, and pukang understands the mass exposure is priority. I can't wait to come back and burn your comment. See you on the moon. We are way under radar

WHY does a Chinese Liquor company come to be listed in USA markets, while no Americans drink their liquor???

The only reason is that they will try to steal money here!!!

Be very careful, most listed Chinese companies in USA are scams here, proven! They make false information and accounting.

Then , where’s the company website? A “big” company has no website nowadays? Strange enough,isn’t it? Did you write those info,?

---Pukang Group Co, Ltd. ---$PVRS--- (DD post) ---

What does the purchase price of the controlling block have to do with the value of a whatever company might be merging in?

.007 is BEFORE they add their business/assets to the equation, not after!

(As the document says, no assets were yet transferred in connection with the change of control. https://www.otcmarkets.com/otcapi/company/financial-report/322688/content )

Pukang Group laid down $250,000 CASH to control this shell, plain and simple.

Most likely for a reason.

31 million shares at $0.007 is being sold at $0.2, great deal, isn’t it?

“Pukang “ doesn’t even have a web site, as a “real” company? Or, nobody here can’t find it? Lol!

This presence is good news IMO :)

I was laughing at your face for your stupid post about not seeing revenue

Why don’t you take your 25 IQ and get the
F. k out of here

Do you mean that he acquired 31 million shares in $250,000 , or $0.008 per share? Too cheap? Obviously, it’s a pump and dump Scam!

You have to be joking LOL !!!!

If you can't find any info, you obviously don't know jack. Hence the Honda ; )

Dig deeper ; )

Doubt: "Pukang" might be a Fake or newly established just for this "merger", in order for them to Pump and dump shares. LOL!

That's just the info. on otcmarkets. Do you have Pukang web site? So far, no any official information about Pukang, yet. Very suspicious!

Change of address happens when change of control. They run the board now. New members/president/treasurer and new headquarters. How is that odd to you honda?

Very Weird, that they changed the address, BUT no phone number, no web site, ...on Otcmarkets. They're trying to hide something?


PROVIDENCE RESOURCES, INC.

8 Yongfeng Street

Liangzhou District

Wuwei City 733000

China
https://www.otcmarkets.com/stock/PVRS/profile

https://twitter.com/redcardinal617/status/1507443526933569542?s=20&t=RlRv_goJSq8a4XreZoJUMQ ...410 million yuan=64mill$

Can't find "Pukang Group Co., Ltd." Could you post the link for it, please? Thanks.

Do some DD on pukang

Correct

But, that filing didn't mention revenues, except the share purchases:
31 Million shares purchased in $250,000, or $0.008 per share.

So Cheap, isn't it?

He bought 31 M shares at $0.008? "The purchase price for the purchase of the 31,123,465 shares was $250,000, which was paid in cash."

$250,000 / 31,123,456 shares = $0.0077

https://www.otcmarkets.com/otcapi/company/financial-report/322688/content

Can you tell where you found that and post the link, please? Thanks.

Agreed. $70 million dollar company just took over. This is still way off radar. Get ready to fly

This is wanting to push new highs…. $PVRS

Showed some strength yesterday after the quick dip