Replies to post #6176 on Pedevco Corp. (PED)

[RyGuy]

I haven't gone into Ring's filings recently, I'm just pulling the info from Yahoo Finance.

Ring also has $438 Million in debt now. I'm guessing that is mostly from the acquisition?

Yahoo also shows only $890K in cash? I'm sure they have receivables not being counted but still

By comparison...

Pedeveco a small E&P doesn't have any debt, and has over $30 Million cash... Plus will probably be close to $60 Million in annual revs going forward after next few reports from new wells being brought on line in 4th qtr.

I know Pedevco CEO had a significant investment in REI at one point... Not sure if he still does or not...

REI may be undervalued too, but I'm not real certain, I haven't looked at it much.