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"SCHEDULE A
SERVICES
Advisory services related to strategic planning and business development."
Isn't this the same boilerplate that Guiliani signed with Trump!?
More and more I'm thinking this isn't your grandmother's oil company!
Good footnote catch. Now I had to go back and double check that he actually DID buy the 8MM shares. He did. At $1.43.
What's interesting to me is that Tkachev still lists his home address as Moscow! My confirmation bias is running wild here.
Now, boys and girls, it's time to confabulate what possible "consulting services" could Tkachev be performing in Russia for a Houston oil company? Might those services involve chatting up people in power in Russia? How about BP where he supposedly worked for many years?
This article made me wonder if Kukes & Co. might be the benefactors of economic espionage. Oil and Gas are one of the industries targeted most. Who knew? https://www.americanbar.org/groups/business_law/publications/blt/2017/05/05_kahn/
That price target is around a 100% gain. For some reason I'm thinking Kukes and Tkachev have higher targets than that! Although, that would be many millions for each of them.
What about YOUR several million shares. They're not for sale, are they?
I'm trying to figure out the active float on PED. Kukes and Tkachev own 85%. I'm assuming those aren't for sale. 15% of 71MM equals 10MM. I'm guessing what, one third of those aren't for sale? So, somewhere around 6MM or 7MM for an active float?
Well, what do you know. They're actually putting up a good front to become a real oil company rather than a skin-horse oil company!
The truth is out there ... and we're Scully and Mulder!
I'm guessing few, if none, of those 16MM shares are currently available for trading on a day to day basis. Possibly on a liquidity spike. But this thing trades like MMs have very few shares available to sell.
Exactly. Looks like a few buyers are showing up today. This float must be painfully low. Any positive news and we could have another NXTC on our hands. Which MAY BE how Kukes and Tkachev are planning to make some significant profits. Sell into the spike. Put out bad news next month, buy all those sold shares back and more at lower prices. Rinse and repeat.
I know it sounds more than a little far out, but when I look at all the intrigue going on with Trump, Russia, Ukraine and things like the plot to get the CEO of Ukraine's national gas company ousted so that the Ukraine will go back to being 100% dependent on Russia for natural gas, I'm not sure how, but I continue to have an intuitive hunch that PED isn't really, or only an oil play. I think it's a vehicle of some sort for elements of this ongoing, unfolding international drama. I won't be surprised if suddenly a number of "consultants" start showing up on the books. receiving generous consulting fees (like the $500K that went to Lev and Igor recently).
Do you think all these two guys did what show up and ONLY pose for a photo op? https://www.theguardian.com/us-news/2018/sep/28/russian-us-tycoon-boasted-of-active-involvement-in-trump-election-campaign-simon-kukes
Thanks for the headsup to the SA article. Seems like we're getting more and more eyes on PED.
Precisely. Kukes has a plan for PED. Nobody invests $100MM without having a clear endgame in mind. I suspect Tkachev heard what it is and thought it was worth ponying up $12MM to reap the rewards. We can all guess what it might be, but until it unfolds, that's all we'll be doing ... guessing. Hell, along the way PED might even turn into a profitable oil company. Kukes has the knowledge and experience to actually know what that takes.
Debt is debt. Equity is equity. Companies don't file bankruptcy because they have too much equity.
Kukes has only been at the helm here for a little over a year. It seems clear to me that he's found the exact vehicle he's looking for that matches both his education and his business expertise. Who throws $100MM of personal capital into a company without a clear profit strategy going forward?
So, in what form is Kukes holding PED's debt?
Kukes and Tkachev paid $1.43 and $1.58 respectively for 85% of the shares.
That doesn't leave very many for the rest of us, let alone institutions.
They do look like they're attempting to build a profitable oil company. In the last year since Kukes took over, it doesn't look like the SP tracks much with the price of oil. That's what has me suspecting this might not really be just a gas and oil play for them. But we know who a declared dividend would mostly benefit, both in the cash dispersement and in the very likely bump in the share price.
P.S. No trouble buying shares these days, strangely, since you would think there'd be fewer shares available.
What drew you to the stock at .30 cents?
Interesting article about our little oil and gas CEO ... https://investigaterussia.org/media/2018-09-28/trump-donor-contacted-kremlin-official-campaign-helper
Don't be surprised to see a 13G/A filing from Kukes or Tkachev as they add more to their own holdings.
I just added more. At a super-significant discount than the majority holders bought at.
It continues to look like low downside risk/big upside potential. I still have a nagging feeling that Kukes and Tkachev's Russian ties are going to play into this going forward.
Am I the only one on this board curious as to whether this company might be a Russian money-laundering play?
When a million shares get eaten up with very little price movement in a low float stock, to me that looks like a brokerage house filling a big order for smart money in advance of something significant coming. Stay tuned. We'll see.
So you're thinking low downside risk, high upside I'm guessing.
I try to put myself in Kukes shoes. I have enough money to
buy 100% of the shares and take this thing private. Why do I
stop my buying at 75%, and then get my pal from Mother Country
Russia to step in and by 12%?
Funny how so few shares can take it down way more than a million shares can take it up!
If Kukes breaks even on his purchases, everyone who buys now will be making money. I'm guessing Kukes is doing more than intending to break even. And don't forget Tkachev bought $12MM worth at $1.43.
Seems like there's some wheelin' an dealin' going on in the oil patch today. Presumably, REI actually acquired some assets for all that debt they've taken on. Are the assets worth more than the debt? Can the assets service the debt at $50 oil? What does Kukes know that we don't?
Interview today with Shick, the PED CEO ...
https://www.ceocfointerviews.com/interviews/PEDEVCO19.htm
There's something going on here that doesn't meet the eye. Kukes owns 8% of REI. He's selling it to PED.
Mr. J. Douglas Schick, PED's President, commented, "We are pleased with our progress and initial results from our 2019 development program in the Permian and look forward to continuing to grow our business in 2020 through greenfield development and continuing to evaluate potential acquisitions, including the position in Ring Energy held by Dr. Kukes."
He acts like Kukes hasn't orchestrated this whole transaction.
On a day like today, I'm guessing another one of Kukes cronies is scooping up shares. I'll be looking for another 13G soon.
Well, today we've got that million share day. Not much movement considering. Must be some profit taking. I don't really understand why Kukes would put his money into Ring, instead of buying more PED stock?
PED seems like a much better buy. He didn't even diversify away from the Permian Basin.
For those of you following the exploits of PIOEs principals, Webb and Alpert, their other company, GSB, just had someone scoop up just under a million shares ... https://www.sec.gov/Archives/edgar/data/1112920/000091957419006506/d8402007_13g.htm
Somehow I expect a significant positive catalyst to take place before any restrictions have to come off of those shares.
How do you interpret the decision to issue restricted shares?
Usually, when the share price goes up, that means more people are BUYING rather than selling. Dumping shares generally drives the share price lower. Duh.
I'm still of a mind this is a "sell the sale of the company" news play.
Or a "sell the news of going private" play. Hopefully at a decent premium, otherwise it will invite suits to file lawsuits. My gut tells me these guys would prefer to operate under the radar as much as possible.
This is all that comes up: https://twitter.com/search?q=%24PED
Don't see anything there we don't already know.
Says that page doesn't exist. Could it have been taken down? What did it say?
Can you provide a link? This one hasn't been posted to for 3 years. https://twitter.com/PEDEVCO