Pedevco Corp. (PED)

[PD4107]

pretty sure he did go to the market, just in a different way. private offering for 18 million... don't make me laugh. Kukes is great at creative finance and giving the share holders a warm and fuzzy. He paid debt over the last year with shares ( dilution) and then bought shares himself to finance ped, but then turns and dumps them on the market so the O/S count went to 48 million from 7.5 million in 12 months ( dilution ). So now he steps up his game and does it again . The by product is he acts like YOU didn't pay for it. Then acts like he is doing you a favor by showing a small loss in buying at 2.20 and selling into the market slightly lower 2.05's . He still saves a ton of money ( plus tax advantage ) as now all he is doing is supplementing your moneys as a share holder. Plus, and here is the real beauty of this deal... kukes raises his institutional ratings buying his own stock as an institution LOL. nicely done ! The down side is the rating will plummet after he has to report the sales into the market. So no, kukes didn't call it an IPO but the end result will be the same and the outstanding share count will increase dramatically and when we are talking about a company that has not been able to turn a profit in a very profitable sector it just turns into a low low revenue per share and YOUR shares are worth even less since there now are soooo many now...

I told you this before, Kukes is moving his own money around using PED as the catalyst. ped is and has been great short term plays. so if you bought in @ 1.80's you have a good play over the next quarter. If you bought in way sub dollars and didn't sell when it went to nearly 4 bucks, your foolish and missed the boat. You could have re-bought many times and earned far more money. not a doubter, just a guy with his eyes open, no one is schooling me here. we will see whats up when you see what the share count turns into over the next few months, something you seem to want to ignore....