AlenCiken

PED to Acquire the SandRidge Permian Trust

AMEX:PED   Pedevco Corp
PED Delivers Open Letter to the SandRidge Permian Trust Regarding an Indication of Interest to Acquire the SandRidge Permian Trust and Underlying Assets.

SandRidge Permian Trust is likely to be delisted from the New York Stock Exchange and be dissolved with its assets liquidated in less than a year.

The best way for current holders of Trust Units to have a chance of salvaging, retaining and growing their investment is through the trustee of the Trust, through the issuance of PEDEVCO common stock as consideration for Trust Units.

Potential transaction could result in holders of Trust Units gaining ownership in a larger underlying asset base as well as potential for future price appreciation.

Dr . Simon Kukes, similarly saved PEDEVCO from near-certain delisting from the NYSE and being taken over by its creditors, completely turning PEDEVCO around to emerge as the strong and stable company PEDEVCO is today.

https://finance.yahoo.com/news/pedevco-d...
Trade active: PEDEVCO Provides Status Update Regarding Open Letter Delivered to the SandRidge Permian Trust, its Unit Holders, and the Operator of its Assets Regarding an Indication of Interest to Acquire the SandRidge Permian Trust and Underlying Assets

SandRidge Permian Trust declined to enter into discussions with the Company regarding the proposed transactions contemplated by the Company's indication of interest.

Trustee has stated that it has no authority to enter into an arrangement with the Company or to negotiate such arrangement.

https://finance.yahoo.com/news/pedevco-p...

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