Pedevco Corp. (PED)

[PD4107]

well the market seems to think currently it should trade mid to bottom 1.40's but someone keeps buying a single share at a time for 1.50 offer in an attempt to manipulate PED . that may be a fair value for the company currently. ped has to spend some coin to get oil from the ground they have acquired. and they don't have many wells producing now and they are management top heavy for expenses so the balance sheet will reflect that until they can get oil from the ground. kind of a catch 22. I keep thinking that the end goal is to get land heavy enough to get bought up. I don't know if that helps share holders or not. I'm considering getting back in. way back when I thought at maybe 1.70 ish but when it got there I could see it was going to continue to slide so I held off and I'm glad I did. 1.20-1.30 may be a good entry point for me But I'm cautiously watching.