Pedevco Corp. (PED)

[in2it]

Could someone explain this acquisition...

This is not a bash, but a serious inquiry. Someone a while back posted a financing scenario but I am unable to find it.

BESV is a company with a flat balance sheet, acknowledging that without equity sales or a cash infusion that they may not be able to continue as an on-going concern. They need to find some cash just to be able complete Rig#1.

Where are they going to find $50,000,000 to acquire these rigs? Perhaps they can arrange financing of 70% of the purchase, assuming they put up $15,000,000? Do you think they believe they can sell another 15 million shares of stock?

My concern is that they are taking their eyes off the prize and that all there efforts should be going into getting the "blaster" proven operational?