Replies to post #2963 on Pedevco Corp. (PED)

[dhwco]

That statement is in need of correction. It should say:

"All of the big rumors from last year prove out to be total BS, as usual. The 1st Qtr 10Q shows little/no revenue after 12 months out of BK but the lawsuit settlements sure have provided great and steady paychecks, haven't they?"

The net operating income is worse for 1st qtr 2009 than it was 1st Qtr 2008 WHILE IN BANKRUPCY. The only improvement is a reduction in legal fees. meanwhile we burn about $1.5M/yr in G&A.

Sorry guys, I'm 100% pro Blast and am holding my shares but my patience is wearing thin. When I said it was time for management to "show me the money", I should have clarified that meant on the plus side.

[Flatsixer]

Yes, Jerry, Dang! Where did you come up with the idea that I said (as you posted)...

"It appears you have given up on this company's ability to raise legitimate revenue..."

???

Here is exactly what I wrote in that post that you refer...

"The Annual Report shows little/no revenue after 10 months out of BK but the lawsuit settlements sure have provided great and steady paychecks, haven't they?"

Does that indicate anywhere that I'm suggesting that Blast has an inability to raise "legitimate revenue"? No...it contains a suggestion that I have the opinion that management is overpaid for what has been produced.

WTF are you suggesting with the phrase "legitimate revenue"? Huh?

Read further in the post you quote and you might be able to squeeze out this part that somehow apparently has eluded you as you suggest phraseology that I never wrote, lol!

"There must be an expectation of advantage/profit for the BOD/Mgmt to be so intently keen to press for a better way to accumulate more shares for themselves. No doubt that it will prove adverse to common shareholder interests but it will provide price stimulus for the stock.

I think they're sitting on news in Houston until the insiders can play it to their best advantage."

Can you read English? Lemme break the quote above down just for you. I'm suggesting that there are big things on the horizon that haven't been announced because the boyz are intent on changing the insider buying covenants more to their advantage.

Dang, Jerry...I even said straight up that they were prolly sitting on news!

You read into posts what you seem to want to argue about Jerry. I've seen you do this on another stock until people just get tired of answering you.

Waste of time IMO. Post some DD of your own...that would be helpful.

Flatsixer