Pedevco Corp. (PED): Company spent 50% of their cash in Q1....

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Pedevco Corp. (PED)

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Thursday, 07/06/2023 11:14:28 AM

Thursday, July 06, 2023 11:14:28 AM

Company spent 50% of their cash in Q1. At that rate they only have one quarter of cash left and would necessitate a capital raise (although I think they would spread this out over Q2 and Q3).

Oil prices are in a 1 year decline and that trend needs to be broken.

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