Pedevco Corp. (PED): BESV is consolidating nicely. If the acq...

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Pedevco Corp. (PED)

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Re: None

Thursday, 06/22/2006 12:19:34 PM

Thursday, June 22, 2006 12:19:34 PM

BESV is consolidating nicely. If the acquisition goes through(which I believe it will), it seems as though much of the risk is taken out and an AMEX listing will probably occur, IMO. The present pps looks cheap to me. I've noticed UBSS, in particular usually raises their bid in the afternoon. They started today in the morning and now NITE has raised them and UBSS following by matching the high bid. It wouldn't surprise me to see a bump up to around 1.08-1.10 today.

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