Pedevco Corp. (PED)

[in2it]

Odin, a couple of your assumptions perhaps require review.

* The outstanding shares will no longer be 43 Million, but probably in the 70 to 80 million range. This, of course, greatly dilutes the leverage (and some of the magic?) of whatever future gains might be generated from a successful abrasive jet.

* 45% net from these units seems pretty doubtful. Also, recall that the purchase debt cost will also reduce bottom line return

*The PR doesn't specify the two-year contract terms, so the anticipated realized utilization must be speculative, but it would surely be less than 5 x 100%?