Home > Boards > US Listed > Oil/Gas/Natural Energy Production > Pedevco Corp. (PED)

paideia, wouldn't worry about the board noise.

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chemist72   Saturday, 11/16/19 10:09:00 AM
Re: paideia post# 5517
Post # of 5583 
paideia, wouldn't worry about the board noise.

Just a part of these message boards. I realize many are trying to understand what is going on with PED. I mean, its not every day you find a company where the primary shareholder has put in so much money into what is basically a new venture. In the oil patch yet, which is a very depressed sector currently.

But maybe that is part of the plan. Get in and buy up assets when the price of those assets might be at a low point? Let's pay attention to the facts and not worry so much about motivations or conspiracy theories.

Here's a summary of some of the important facts:
1) PED had no debt on their books as of the latest 10-Q.

2) Insiders own about 88-89% of PED common shares.

3) Institutions own a small but perhaps growing number of shares. (Growth of tutes shares is not a fact, but something I will be watching closely.)

4) Company has announced a potential tripling of revenues by putting an additional 6 wells into production around the end of March 2020. (Not a fact yet. But company has in the past followed through on most (if not all) of their forward looking projections.)

5) Even with their current modest revenues ($3-4M per quarter), PED is already close to breakeven (losing ~$3M per quarter on average so far in 2019).

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