Pedevco Corp. (PED)

[in2it]

Ricky, you are blessed to be so easily amused... unless one is wise, life can be full of so much else. Unfortunately, in this case, amusement doesn't equate to wisdom. Dilution has clealy taken place as a result of this 'deal'. As Garth wrote, many believe that the BESV risk / reward payoff lies in the confirmation and subsequent earnings potential of lateral drilling - well, Ricky, the 'ten-bagger' hurdle just got about 75% higher (there were 43M shares out last week and there will be, at least, on a fully diluted count some 74M shares)...

It appears as though there should be some benefit to shareholders as a result of this 'deal' and that may carry on into the future, but make no doubt, if you held 1M shares last week, you owned 1/43 of Blast... today you own 1/74.

The rainbow may be brighter, but your share of the pot just got a lot smaller.

Now we need to wait to see how those details you mentioned further impact the scenario. Whether patience is a good idea, as you suggest, is not absolutely clear to me.