Replies to post #762 on Pedevco Corp. (PED)

[TM$]

"Called today...CFRI has had 15 bidders express interest in the auction of the rigs. This will be an auction in open Court on March 19."

Flatsixer, did you mean BESV has had 15 bidders?

[finbar99]

Flatsixer - didn't you used to post on that RB bk board?

I'd say Laurus loaned the money in the first place knowing the rigs were solid collateral if it ever came to this - and with most of the folks they loan to it does come to this. They get the rigs at a discount or they get their cash back - pretty good original deal for them either way.

[mbow1]

I'm not surprised that the entire management team and the BOD are still intact. My impression has always been that they are committed to seeing this thing through.