Pedevco Corp. (PED)

[chemist72]

Payday for PED management and employees.

1.049M in restricted stock and stock options were issued yesterday to PED management and employees. All have an exercise price of $1.68 per share. Also all vest 1/3 at a time over the next 3 years (1/3 in 2021, 1/3 in 2022, 1/3 in 2023).

Does this mean PED is expecting to be in business for the next 3 years at least??

Link to the 8-K announcement: https://www.sec.gov/Archives/edgar/data/1141197/000165495420000484/ped_8k.htm

In conjunction with this announcement four Form 4s were filed yesterday as well: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001141197&type=&dateb=&owner=include&count=40