Pedevco Corp. (PED)

[ricardoatsea]

It is amusing you guys trying to figure out what the dilution is. First of all, you don't know all the specifics of the deal. I mean, you may be right on your calculations but there is a greater chance that you are wrong. Yes this is dilution, however there will be revenues of $600k per month from each rig, they have the option to purchase addition rigs (not confirmed), they will list on the Amex, they will be profitable next quarter, the have the resources to finalize the lateral drilling (as you know there was a limited budget in the past), they've proven that they are able to jet out 3 feet and break thought the casing, they have a client that is allowing the to use their engineers to fine tune the lateral drilling process.

There is more information to come withing the next two weeks. You need to be patient. We all have the right to speculate, but I think information will me more helpful if you first have all the facts. I doubt that the individual that posted 75% dilution called IR. This is not to say that they are incorrect, but first get the facts.