Pedevco Corp. (PED)

[PD4107]

continued losses are not really a surprise from the Q 3. How can you make money as an oil company with 14 employees? real oil companies have trucks and equipment and lots of employees to make things happen. ped has to hire other oil companies to do the work . talk about too many chiefs and not enough Indians....... the oil sectors is alive and well. look at companies working in the exact same areas as ped. Anadarko is a great example. I have seen bull dreamers predict 90 share price for ped, not sure how they arrive at that. Anadarko is a multi billion dollar company with nearly 5000 employees and is very profitable and has a PPS of mid 70.00 as a norm and requires no share dilution to operate. ped was a nice 3 dollar company if it ever made a profit, but now with all the share dilution not so much. 70 million shares is way too many to have any chance of that now. ped is now a nice 1.25 PPS company...... maybe if the bleeding stops