Pedevco Corp. (PED): BAMA_CBM...The Blast burn rate is around...

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Pedevco Corp. (PED)

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Re: BAMA_CBM post# 2970

Friday, 05/15/2009 7:09:49 AM

Friday, May 15, 2009 7:09:49 AM

BAMA_CBM...The Blast burn rate is around $80K per month.

There is a $1M payment due from Quicksilver coming in September at the latest in accordance with the terms of the lawsuit settlement. The penalty for nonpayment on that is draconian and automatically accelerates the remainders so I'm confident that Blast will get the full amount on time.

And, FWIW, I'm certain that there are multiple finance resources for the company that will maintain solvency.

JMOs,

Flatsixer

Flatsixer2@Yahoo.com

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