'The People's Company' Petro America, the revolutionary company which has garnered wide spread attention for opening opportunities for citizens from main street to Wall Street has resumed trading amid a recent Securities Exchange Commission probe.
"Naturally we are excited that the SEC found no wrong doing and our shareholders can see their dreams come true, but the probe did more harm than good to our prospects," said CEO Owen Hawkins.
Hawkins decided several months ago to launch a company that would allow for the everyday Americans to not just suffer of brunt of Wall street, but become players and beneficiaries.
It was a watershed moment for small time investors, churchgoers, retirees and citizens who are the fabric of what has made this nation great.
Many of the shareholders of Petro America Corp bought thousands of shares for as little as $100, the company was founded under Safe Harbor Laws of 1933, 1934 and 1995 which allowed for it to distribute to the public news releases to solicit and attract investors.
Many of the first shareholders of the majority minority owned and operated company are now serving as CEO and president of the corporation's divisions and subdivisions and in a melting and pessimistic economy Petro America Corp has created thousands of jobs and opportunities for financial security for countless citizens.
Under its umbrella it had acquired several companies including its recent acquisition of 24 percent of Arizona Gold Mine.
Then in a monumental landmark for the corporation it had finally reached its goal of trading publicly and its shares opened at a respectable $1.50 per share, further validating its purpose and intent.
However, Petro America Corp shareholders saw their dreams dented when the Security Exchange Commission ordered that Kansas City based Petro America Corp shares traded publicly to be stopped several weeks ago.
Hawkins, shareholders, including its prominent ministers alliance were outraged at the decision.
He called the probe ,"Arbitrary and capricious and not in accordance with the law nor is it fair to Petro America Corp. shareholders."
Hawkins was confirmed correct in his assessment when the SEC lifted the suspension and allowed for trading to resume, albeit at as little as .75 cents per share.
The African American Ministers Alliance Group protested the SEC decision and vowed to take their challenge all the way to the Oval Office to President Obama.
Although, Petro America Corp. may be allowed to continue trading after 10 days,
Hawkins says that the SEC decision has hurt the credibility of the company.
As the head of the ministers alliance put it, "Petro America Corp is indeed The People's Company that will lead the movement to bring America together for economic prosperity," stated Pastor Ron McGowan.
Individuals interested are urged to contact the company at petroamerica.com.