Pedevco Corp. (PED): Flatsixer - didn't you used to post on t...

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Re: Flatsixer post# 762

Thursday, 03/01/2007 7:30:23 AM

Thursday, March 01, 2007 7:30:23 AM

Flatsixer - didn't you used to post on that RB bk board?

I'd say Laurus loaned the money in the first place knowing the rigs were solid collateral if it ever came to this - and with most of the folks they loan to it does come to this. They get the rigs at a discount or they get their cash back - pretty good original deal for them either way.

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