Replies to post #2478 on Pedevco Corp. (PED)

[Flatsixer]

dhwco...I'm certain that the Hallwood equity settlement has not yet been decided. Last I heard they were still in negotiation and nothing has been decided. If that is the case then there has been no reduction in value.

"3) My pet peeve question, that remains unanswered, is what was the share price value of the Hallwood equity interest. That's probably the biggest potential shocker as the share price of hallwood is now almost half of what it was in early October."

Flatsixer

[Flatsixer]

dhwco...I've got accurate info now to answer the Hallwood equity status in answer to your question...

"3) My pet peeve question, that remains unanswered, is what was the share price value of the Hallwood equity interest."

The Hallwood equity situation remains undecided and unmediated at this point to Blast's great advantage.

Remember that the Hallwood Energy equity was fixed at a valuation of $2.75M as of the settlement date. The anticipation was to receive $2.75M worth of shares issued under their proposed AIM listing on the London exchange by 30Sep2008 at the latest. When the AIM listing fell apart Hallwood Energy’s anticipated ~$250M company valuation declined to very low levels. But the $2.75M owed to Blast remains the same in dollar value no matter what happens to Hallwood.

The only variable in play at this time is how many shares Blast should receive in the Hallwood Energy private company. The price of HWG stock is irrelevant to this issue as the currency was always in the Energy division equity; not the Group.

Judge Bohm will judge what is reasonable over the next few weeks as he has jurisdiction over the settlement.

Flatsixer