Pedevco Corp. (PED): That statement is in need of correction....

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Re: Jerry12302 post# 2963

Thursday, 05/14/2009 11:34:45 AM

Thursday, May 14, 2009 11:34:45 AM

That statement is in need of correction. It should say:

"All of the big rumors from last year prove out to be total BS, as usual. The 1st Qtr 10Q shows little/no revenue after 12 months out of BK but the lawsuit settlements sure have provided great and steady paychecks, haven't they?"

The net operating income is worse for 1st qtr 2009 than it was 1st Qtr 2008 WHILE IN BANKRUPCY. The only improvement is a reduction in legal fees. meanwhile we burn about $1.5M/yr in G&A.

Sorry guys, I'm 100% pro Blast and am holding my shares but my patience is wearing thin. When I said it was time for management to "show me the money", I should have clarified that meant on the plus side.

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