Pedevco Corp. (PED): Nope, it a $3M+ hit to assets; ie, BESV...

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Pedevco Corp. (PED)

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Re: bman post# 287

Friday, 03/24/2006 3:41:19 PM

Friday, March 24, 2006 3:41:19 PM

Nope, it a $3M+ hit to assets; ie, BESV is poorer by that amount. This is pretty nefarious stuff they had been doing... even after they sold the asset (to a former Blast CEO) for 1/3 the value that they continued to carry it on the books.

Before this they showed a net worth of $2M... and now....????

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