Pedevco Corp. (PED)

[in2it]

Rig Purchase... $50 Million cash is coming from ?????

In their latest Financial Report, Blast shared that "We are in an early stage of development and are rapidly depleting our cash resources, therefore we have determined that we will need to raise additional financing in the short term to continue in operation and fund future growth."

Now, that was just for continuing operations, not for a $50 Millon & a bunch of stock acquisition... form where is the $50M gonna appear? If you were an investment banking firm would you be knocking on their door? Or would you be running for the hills while referring Blast to the Slammers?