Pedevco Corp. (PED)

[verdiking]

I was talking about the presentation, it is a presentation to raise 3 million for this project.

From the presentation -

Blast is seeking an initial $3M investment in the form
of debt financing to “farmin” or invest in drilling one
well on the initial prospect in the Guijarral Hills in
Central California

Gross Proceeds $3,000,000
Cost to Drill Initial Well $1,540,000
Cost to Complete Well 600,000
Repayment of Sun Resources Note 270,000
Escrow of 1st Year Interest 240,000
Commission, Fees and Attorneys 350,000
Total Uses $3,000,000

With 3 million and 240,000 in interest the first year we know that they want to pay 8% which was the same as the last time they tried to raise money. And that they are looking for debt but I think they will have a hard time just borrowing money at 8% without some options or stock thrown in the deal.