Pedevco Corp. (PED)

[Flatsixer]

plaintf2000...Here is the answer to your question about the Berg/McAfee loan:

Blast/BESV has only 2 debts left--

1) Between $2.1M to $2.2M payable to Laurus which is sitting in a Court escrow account waiting to be disbursed at any time.

2) $1.1M to Berg/McAfee which is prolly going to be converted to shares at the same .20 rate as the preferreds were. Now, before anyone gets their panties in a bunch that this route would be a threat to us commons...

a) Remember that the Berg/McAfee entities are the largest BESV shareholders.
b) Remember that B/M has never sold BESV shares and they are holding for the looooong term.
c) As they are considered insiders by SEC rule, they will be required to file an SEC Form4 notification if they do in fact sell any BESV stock.
d) There are other restrictions on share sales by B/M because of their overall number of shares held.

The float will remain the same at +/-25M IMO.

Flatsixer