Pedevco Corp. (PED)

[chemist72]

Normally when a company announces potential 200% increase in revenues, you might expect that companie's stock to have a significant price reaction, even if the news is "forward looking".

The seeming lack of buying interest in PED today indicates to me that one of two things is happening.
1) Either investors don't believe or trust the words of this company, OR;
2) The E&P oil sector is so depressed currently that even a potential 200% increase in revenues will have no effect on stock price.

I prefer to believe the latter to be the case although I have no proof showing that either reason is to be preferred.