This is topic OMOG Lawsuit settlement in forum Micro Penny Stocks, Penny Stocks $0.10 & Under at Allstocks.com's Bulletin Board.


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Posted by MsKay on :
 
Why is the old topic closed?
 

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Posted by Casp on :
 
Better question why is the old topic closed and why is the stock tanking ?


 

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Posted by MsKay on :
 
Any insight?
 

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Posted by MsKay on :
 
Maybe because yesterday's news is not official yet and someone wants the stock to go down so they can buy in before the official news is out? If you close the topic, you bury it so no one can read the thread.
 

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Posted by IWISHIHAD on :
 
I think investors feel it is to good to be true we will have to wait and see, you never know in penny land. Investors felt it would rise more today like me but there is a stall ,thats okay we will just have to wait. I will pick up a few more shares while i wait and watch. Good luck.
 

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Posted by MsKay on :
 
I also feel it is too good to be true; however, I have made money on pennies and I haven't sold any at a loss yet so we'll just keep our fingers crossed. Buy low and sell high...OMOG hasn't been much lower than this so I'm betting on it going up, up, up!
 

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Posted by fryyguyy on :
 
Does anyone know when the news will be made official.
 

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Posted by IWISHIHAD on :
 
This is a guess but it takes a little while for final papers to get finalized in a mediation settlement if the numbers are large i would think it takes even longer. They have to make sure it is all correct this is a court matter. So after saying all that it will probably be next week, just kidding.
 

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Posted by MsKay on :
 
The shareholder letter said in the "next few weeks".
 

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Posted by IWISHIHAD on :
 
I think we are seeing a little anticipation of PR. news on either of the 2 possible deals.
 

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Posted by MsKay on :
 
Seems like somebody knows something. It is up and holding.
 

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Posted by IWISHIHAD on :
 
I think investors are starting to hold their shares.
 

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Posted by striper on :
 
looking good
 

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Posted by IWISHIHAD on :
 
I wish this would get out of this range so i am not tempted to buy any more i am not selling at these prices even though i could make some money, i think the insiders are already in just waiting for the news, should get interesting.
 

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Posted by db on :
 
scottrade shows .0045 bid
.0066 ask
.0059 last
it's been up all day

I still think this stock is a sleeper and is going suprise some people
 

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Posted by MsKay on :
 
Wow! Great Close! I think this will at least go back up to the .011 levels that it was in for months at the last quarter of 2005 and will probably hang there until some good news comes out.
 

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Posted by IWISHIHAD on :
 
I think we are running out of investors that want to sell the price keeps creeping upward.
 

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Posted by MsKay on :
 
This is one that is not well-known by so many investors. I'm sticking until at least 0.019 or maybe higher depending on the news.
 

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Posted by IWISHIHAD on :
 
Talked to them today everything is still on track.
 

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Posted by usasail on :
 
UBSS has been sitting on this bid like nobodies business...now it's this MURF dude, but things will change once PR is issued....ah yes the golden child of PR's, and yes he will soon get his knife...ha. Rest assured to all the ansy folks who want to sell....Confusious sey...if you hold they will come. Patience glasshappah' it takes time to find all a$$et$. Only then will OMOG sign settlement papers with the evil one....or my name ain't Orval Redenbachah'!
 

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Posted by IWISHIHAD on :
 
The final settlement papers are suppose to be coming i actually hope they wait a few more weeks, but could come sooner, it really depends on how many parties are involved. The big question is will they go thru with the other sale or hold those assets for there own development, if they end up with a lot of cash in the settlement. This is a very interesting play. I don't even care if this goes down except if it does, I have to keep my hands off the buy button, I did not expect this settlement when i played this stock this is a possible bonus. You never know for sure till the deal is done.
 

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Posted by cactus33 on :
 
9 mill in volume already this morning. Gas prices are up .16 cents in the last two months.
OMOG is rebounding off a 52 week low and holding strong at .005. Plus the potential news about the settlement. This stock has tons of potential.
Just my personal opinion
 

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Posted by IWISHIHAD on :
 
Anyone tried to contact the company to get and update. I have tried and have not got a reponse yet, it would be nice to know what is going on at this point.
 

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Posted by cactus33 on :
 
As previously announced, OMDA Oil & Gas, Inc. has been involved in an ongoing
lawsuit against former management. The original suit, filed March 29th 2005 ,
sought the return of significant assets including numerous producing and
non-producing wells, as well as actual monetary damages.
Adam Barnett and legal counsel from the firm Zimmerman, Axelrad, Meyer, Stern &
Wise attended a mediation hearing yesterday, March 14th. This mediation was an
attempt to settle the above referenced lawsuit before the trial date next month.
Adam Barnett, Chairman, stated, “ I could not be more pleased that this lawsuit is
now reaching the settlement stage. I was very happy with the mediation yesterday
and the fine job that our legal counsel did in representing us throughout the
proceeding.” Barnett went on to say, “ While I can not comment on the fine points
concerning the events yesterday, I feel confident that the shareholders of OMDA Oil
& Gas, Inc. will be very pleased with the outcome. I hope to have all finalized paperwork
resulting from the mediation soon, and I look very forward to announcing
all details in a formal press release in the weeks to come."

btw, these lawyers were working by the hour, before they took this case on. These lawyers are now only working for a cut, thats is. usually when lawyers do that, theres a good chance their gonna win. lawyers dont usually mess with a year long preceding if they are not going to get something in return. Look for this to run into the summer.

Just my personal opinion, dont take as investment advice.
 

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Posted by cactus33 on :
 
This had a strong close on friday, gas is up at the pumps and we are heading into the summer. Looking back at last yr, same time, this stock ran to .016 and that is supposedly when they were getting ripped off by the old management company. Now OMOG's CEO is hinting at a strong settlement coming. I dont think that he would of even brought up a settlement win if it wasnt going to happen. My guess is that the people they were suing were just waiting for the 2nd qrt to begin so they could absorb the money hit they are gonna take from the settlement. Thats just a guess though. Im going to take the gamble that OMOG will win this lawsuit, and the monies won will enable them to purchase more secure wells and enhance existing wells. Dont underestimate this oil play.

Just my personal opinion, do not take this post as investment advice.
 

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Posted by cactus33 on :
 
Up 10% early. with heavy volume..
Looking good.
IMO
 

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Posted by cactus33 on :
 
lookin for good news in the coming weeks
 

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Posted by MsKay on :
 
OMOG has definitely held this upward trend since a few weeks ago at 0.042 to .0059 today. There's no way it won't go up with all the good news that is due out.
 

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Posted by cactus33 on :
 
nice EOD close, didnt retreat like most days.
just hope for good news from here.
IMO
 

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Posted by cactus33 on :
 
another good day, with 7.5 million in volume.
The volume has really been good lately. looks like its running to its 200 day avg of .008.
The heavy volume is encouraging and makes me think that somethings coming.
just IMO
 

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Posted by IWISHIHAD on :
 
How is 7.5 million big volume for this stock. I like it for other reasons.
 

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Posted by cactus33 on :
 
well, fine... i guess i should change my wording to make you happy. The volume has been encouraging compared to a month ago. I like this for other reasons too. Ive stated them in the thread. The lawsuit, gas prices i think will go up into the summer and OMOG ran pretty well last summer. Thats some of the reasons i like them. What are your reasons?

Just my opinion, do not take as investment advice.
 

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Posted by IWISHIHAD on :
 
cactus33,

I like this stock for many reasons. 1. even if nothing happens and it stays the same it still appears to have better assets than many pennies trading even in a higher rage. 2. If this settlement goes through it will be hugh for this stock and it appears it is still going, they have to make sure that everything is clear before they can pr. us which still could be a little bit longer. There is a lot of legal matters involved in this because it sounds like there are a lot of properties involved, the down side is we have to wait and see and some investors do not want to tie up their money. The low volume we are having tells me that investors are holding now because the up side could be big and the down side is not that bad. We will see, i have been buying more when i get a little extra cash. This is my favorite stock right now i hope they do not change my mind.
 

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Posted by cactus33 on :
 
i still dont know what your talking about.. low volume? I remember volume around 2-3 million a day when it was hovering around .004.
7-8 million a day now is very encouraging heading into the summer. Volume is running over the 50 day avg now.
Just my personal opinion
 

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Posted by IWISHIHAD on :
 
I guess its how you want to look at it, i see high volume for this stock 40-90 million, if you see high volume at 7-8 million does not really matter you have your opinion i have mine we both like the stock and i hope were both right.
 

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Posted by cactus33 on :
 

quote:

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Originally posted by IWISHIHAD:
I guess its how you want to look at it, i see high volume for this stock 40-90 million, if you see high volume at 7-8 million does not really matter you have your opinion i have mine we both like the stock and i hope were both right.

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no, im realistic, and this thread doesnt deserve to be buried 4 pages back at all times. if OMOG did 90 million, thats about 12 times the average. this thing would fly upwards with 90 mill a day. I'll take 8 mill a day with a slow gain..

All IMO
 

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Posted by IWISHIHAD on :
 
Right now i am sitting on this stock if it goes down i will try and buy more, if it goes up which it should i will watch, this could get interesting. I think when we had that 90 million day back in March investors were accumulating now a lot are watching, just a guess.
 

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Posted by cactus33 on :
 
I agree, i just have a strong feeling that it will go back to the 200 day avg of .008

then sit there until we get some good pr.
Im hoping for .018 by the end of the summer.
Just my personal opinion.
 

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Posted by IWISHIHAD on :
 
If they finalize this settlement and it any where near what they say you should see .018 real fast. There looking at 37 million plus, even if they got back 5-10 million in real assets that would be far more assets that a lot a pennies much much higher than .018. We will have to wait but they still have their current business properties. I think the reason some investors like myself do not care how far back this companies posts get buried is they are not flipping it and if the settlement goes thru it will be up on the first page in a hurry.
 

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Posted by weatherbill on :
 
Court date is supposed to be april 17th, and since they're settling out of court, and don't want postponement, I see a finalization before then and maybe a PR very soon, before or a bit after the april 17th date....looking good here
 

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Posted by MsKay on :
 
The best thing is that this court settlement is good but not necessarily the best thing going on with OMOG. All is not riding on this decision. They have lots of irons in the fire right now. If only a portion come through, we are going up, up, up!
 

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Posted by IWISHIHAD on :
 
OMDA Oil and Gas, Inc. Provides Legal Update
- Settlement Negotiations Well Underway...

Management, as mentioned in OMDA's last newsletter, is pleased to announce it did in fact
enter into a final global settlement negotiation in its case against former management.
Though the attorneys for both sides are nearing the final stages in drafting the settlement,
management feels a shareholder update at this time is warranted.
Our company counsel has informed us that the negotiations have been going smoothly and
with no significant roadblocks from either side; however, he has also suggested we remind
our shareholders and other interested parties of the magnitude of the work involved in a
settlement of this size. The work involves due diligence similar to the due diligence of a
multi-million dollar acquisition involving hundreds of individual wells and a half dozen
separate leases in two states. Title opinions, production (both historic and current) and
potential liabilities (both legal and environmental), must be identified and verified from
state and local agencies, as well as oil and gas buyers. The last thing we want to happen is
to capture a large amount of assets burdened with liabilities.
Adam Barnett, Chairman stated, "Oftentimes when reaching this stage of a settlement, early
exuberance is tempered by reality; however, it now appears that the ultimate result to
OMDA's shareholders will be considerably larger in numbers of properties, cash flow and
discounted present value of reserves than originally anticipated at the time of filing of the
original lawsuit." Barnett went on to say, "While it is possible that negotiations could break
down even at this late date, I have seen nothing to date that would lead me to believe that
it will happen. I authorized our legal team a few weeks ago to petition the court to take a
'continuance' and reset the trial date to a later date. In the unlikely circumstance that a settlement
fails, we are and will be well prepared to take this to trial."
 

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Posted by IWISHIHAD on :
 
They are making sure that all properties are free and clear this could be a hugh settlement. I asked them if they could also update us on all their properties they own now and how they are doing so hopefully we will also see an update letter soon.
 

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Posted by cactus33 on :
 
How old is that wish?
 

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Posted by IWISHIHAD on :
 
That was today. I just got off the phone with them, you can pull it up on the OMOG website.
 

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Posted by cactus33 on :
 
great, thanks
 

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Posted by cactus33 on :
 
anything else in the phone call sound interesting, did you just talk to someone in IR.
or Adam? just curious.. this is good news today

thanks
 

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Posted by MsKay on :
 
Was there anything said about the sale of the Panola County Lease?
 

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Posted by IWISHIHAD on :
 
I asked a lot of different questions. There are a lot of restricted shares on this stock. the CSUA deal is still pending should go one way or the other shortly. They lawyers are making sure that the properties they are getting are free and clear and also that they get all the properties back, makes sense. The main thing to me right now is i wanted to know more about their present properties the other is just icing on the cake. I do understand that right now with this settlement still in progress they do not have a lot of spare time to do pr's and they are pretty frugal on pr's anyway. Thet appear not to be a fluff company that is good.
 

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Posted by IWISHIHAD on :
 
My opinion on the CSUA sale is that i do not think it will go thru. Im feel with this possible settlement which their appears to be cash involved, that they will proceed on with this property by themselves, but you never know.
 

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Posted by cactus33 on :
 
volume just spiked in the last half hour, word may be getting out.
thanks for the info wish
 

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Posted by cactus33 on :
 
As long OMOG can do over 7 mill a day, it seems to do well. Im hoping the 2-3 mill days are in the past for the most part.
Just IMO
 

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Posted by cactus33 on :
 
Looks like Adam is letting former mngmt. have it with this team of lawyers he's got.
hopefully nothing breaks down during the final stages. Looks like even if it did, he's ready to take this to trial in a second. He must really have former management by the "you know what".
Just IMO
 

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Posted by cactus33 on :
 
the only thing thats holding this back is volume and the unknown factor, after that spread in barrons it popped to .006
then people forgot about it again and moved on. If they can get a good settlement with cash and they start rolling out oil... this thing will run hard.
GCOG went to .085 two weeks ago, and they arent doing much, plus they just got bailed out to keep them afloat. O/S doesnt look to big to prevent a decent run. We'll see...
Just IMO
 

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Posted by MsKay on :
 
What spread in Barron's?
 

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Posted by cactus33 on :
 
I still cant believe more people dont know about this stock. maybe we should change the thread topic to: OMOG.... OIL OIL OIL
50,000 more people a day would probably look at it. heh...

LAS VEGAS, Feb. 28, 2006 (PRIMEZONE) -- Consumer Direct of America (OTC BB:CSUA.OB - News) announced today that it will be featured in the ``Current Corporate Reports'' section of Barron's weekly financial publication. The company will use this space to announce their recent letter of intent with OMDA Oil and Gas, Inc. (Other OTC:OMOG.PK - News). The notice will run in the Saturday March 6th edition.


Barron's weekly publication reaches over 300,000 readers every week. It has been considered one the nation's top business journals for the past 85 years, and its target audience consists of sophisticated investors, as well as some of the country's top business leaders. Currently, the average Barron reader holds a personal portfolio valued at over 2 million dollars.

Chairman & CEO Michael A. Barron stated, ``We are pleased to announce our current company developments in such a well-respected magazine as Barron's. We feel that this feature will open up CSUA and its new business plan to a wealth of new investors and financial analysts.'' Barron went on to say, ``While this announcement will be featured for one week, we are considering establishing a much longer term relationship with Barron's, and may even consider a feature in the magazine's upcoming 'Annual Reports Roundup'.''
 

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Posted by MsKay on :
 
Alot more people will know about it soon enough!
 

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Posted by MsKay on :
 
Since they don't put out fluff PRs, it keeps the pump and dumpers away.
 

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Posted by cactus33 on :
 
they dont need fluff pr's they have enough solid ones that come out in a timely manner. I think that they struggled this last year b/c they got ripped off by old management, and was wrapped up in this litigation. Looks like all the hard work adams done this last year will pay off, seems like he has a much stronger hands on approach to running the company and he cares about investors. something thats rare in OTC land.
all IMO
 

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Posted by cactus33 on :
 
getting a little late spike in vol.
not like the 10 million yesterday, but better than the 3 million days. I think people are realizing that they dont want to be on the sidelines if they announce good news.
IMO
 

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Posted by cactus33 on :
 
i'll take these little upticks everyday..
looks like we may cross the .006 barrier.
IMO
 

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Posted by EverGreen on :
 
once .0062 is broken will be back at .01 then .016
 

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Posted by IWISHIHAD on :
 
This one had a weird day of trading on Thursday, fair amount of volume and stays between .0058-.0059 almost acts like someone is picking up shares. I am still sitting tight on this one it appears to be a good oil play, sitting on possible nice jump time will tell.
 

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Posted by hbbus700 on :
 
Nice to see this stock's interest has not fallen off the boards. Holding onto my 185k shares as well. When the lawsuit gets settled some nice news should be coming from it. Wish I had mor funds to pick up more but happy with what I have
 

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Posted by IWISHIHAD on :
 
Another interesting day for this stock, someone is buying up and i don't think it is investors, not enough change in price.
 

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Posted by IWISHIHAD on :
 
This one seems to be getting more and more interest. Everyone kind of by passses it, the sleeper.
 

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Posted by cactus33 on :
 
we are running this morning.. somethings coming I think
 

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Posted by IWISHIHAD on :
 
Getting good volume today, I talked to them yesterday.
 

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Posted by IWISHIHAD on :
 
I kind of feel like i talk to myself on this stock, not many of us on this post looks like the Bob Uecker of the pinks but he has made plenty of money off that. Guess i will go back and see what it does, don't think i am going to get any more cheap buys on this one, we will see.
 

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Posted by MsKay on :
 
At least we know it is not a pump and dump!
 

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Posted by cactus33 on :
 
The bob uecker of pinks.. lol. interest is gaining, OMOG is getting more and more volume by the day. Im looking for this to run into the summer. Had another good day today. remember when this sat at .004... Hey adam, ceo, how about a pr that says OMOG will pursue ethanol... that would be nice. combine that with a settlement and this thing goes nuts. wish, these may be cheap shares right now. around .006

Just my opinion
 

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Posted by IWISHIHAD on :
 
After talking with them yesterday it appears that the only thing holding up the settlement is that they are making sure that all properties are clear of liens, and it sounds like there are a lot of properties. The person i talked to said that this has all been done through the court and both sides signed the agrreement. Still have to wait to see it finalized. The other deal is still on, but most of their effort is being spent trying to wrap up the settlement.
 

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Posted by IWISHIHAD on :
 
cactus33,

I agree .006 is most likely going to be real cheap shares. I look at other oil stocks and their prices and these are cheap shares for what OMOG now has. We know that spring and summer has always help the pps. of oil stocks.
 

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Posted by MsKay on :
 
I'm always conservative but this should easily go back to .014 or so where it was last summer which is more than double where it is right now. If this settlement adds enough assets, it could shoot the value through the roof!
 

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Posted by MsKay on :
 
This is what is on buy/sell indicators say on tradingday . c o m

Short Term Indicators
7 Day Average Directional Indicator Buy
10 - 8 Day Moving Average Hilo Channel Buy
20 Day Moving Average vs Price Buy
20 - 50 Day MACD Oscillator Buy
20 Day Bollinger Bands Hold

Short Term Indicators Average: 80% - Buy
20-Day Average Volume - 14141075

Medium Term Indicators
40 Day Commodity Channel Index Buy
50 Day Moving Average vs Price Buy
20 - 100 Day MACD Oscillator Buy
50 Day Parabolic Time/Price Buy

Medium Term Indicators Average: 100% - Buy
50-Day Average Volume - 16643066

Long Term Indicators
60 Day Commodity Channel Index Buy
100 Day Moving Average vs Price Buy
50 - 100 Day MACD Oscillator Hold

Long Term Indicators Average: 67% - Buy
100-Day Average Volume - 14726991

Overall Average: 72% - Buy

Price Support Pivot Point Resistance

0.0060 0.0057 0.0060 0.0063
 

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Posted by cactus33 on :
 
It would be nice if some of those properties had oil producing wells on them. that way omog can put out some sort of future prediction regarding how many barrels of oil they can produce.
 

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Posted by cactus33 on :
 
looks good, resistance is being met right now. Im still thinking this goes over a penny and doesnt look back within a month or two... just my guess
 

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Posted by IWISHIHAD on :
 
cactus33,

From what they told me they will get back oil wells that are producing+cash.
 

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Posted by cactus33 on :
 

quote:

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Originally posted by IWISHIHAD:
cactus33,

From what they told me they will get back oil wells that are producing+cash.

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music to my ears wish
.. gettin a nice eod run here. 20 mil in vol.
 

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Posted by MsKay on :
 
Did they tell you when they thought the settlement would be final or at least when they would give us an update regarding it?
 

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Posted by EverGreen on :
 
res .0062 broken (with volume)
now it goes to .01
 

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Posted by IWISHIHAD on :
 
They are being very carefull with this to make sure that everything is clear on the properties like they have been told. I think the next update we will see will be the finalized deal. It is really hard to predict when you have so many properties to check on, but you know one thing that the lawyers are making sure its clear, but they also want their money as soon as possible and they do not want this to go to court especially at this point. My guess is this thing is getting close to being done, but we will see.
 

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Posted by cactus33 on :
 
.007 is very close
 

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Posted by cactus33 on :
 
strong buying pressure going on right now, its nice to see
 

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Posted by MsKay on :
 
This is so great! Closed above resistance.
 

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Posted by GVMOORE on :
 
Just notice the thread. Thought I was the only one watching OMOG. Missed a fill today by two
points. Not in AM. Look for a gap up. GLTA
 

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Posted by hbbus700 on :
 
Any news as to why the increase today?
 

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Posted by GVMOORE on :
 
Oil making new highs on it way 100.00 bbl. Gas
on it's way to 3.50-5.00 gal. I don't want to be
on the side line when the bombs start falling
on Iran.
 

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Posted by IWISHIHAD on :
 
hbbus700,

I reason this one creeps upward is it is starting to get more investors paying attention to it. It has not been a hugh jumper which in some ways is nice, unless you are playing a swing which i am not, but you might see some nice jumps in the coming days.
 

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Posted by hbbus700 on :
 
Been watching this for a bit, I like it as a long...personally that is. Just too bad I got in at .0056
 

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Posted by IWISHIHAD on :
 
I think you are going to find that to be a very cheap price not to long from now we will see.
 

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Posted by hbbus700 on :
 
in your opinion very cheap compared to? $1-$2 range?
 

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Posted by IWISHIHAD on :
 
I would not make that prediction but anything is possible. I try and take the rise a little at a time, i could see it hitting .03-.04 fairly quickly with good news but i am happy with every time a stock goes up and not down. The thing i like about this company over a lot of other pinks is that it appears to be real and it seems to have a good CEO. We are also coming into a good time of the year for oil stocks and i still think this ones pps. can grow without any news. I also think this settlement will go through unless OMOG decides that some of these properties have to many liens, which i don't think will happen. Do not rely on just my opinion because this is my speculation on my research and i feel real comfortable with them but that does not make it a money back guareentee. I do have fun posting on this one as you can see.
 

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Posted by weatherbill on :
 
I'm in with 850 K at .0053

Realistically, I see a spike to .03-.04 and trading in the .02 range
that's a multi bagger for anyone getting in now..

what other subber can claim 35-40 million added to company???? black gold!
 

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Posted by cactus33 on :
 
it will easily go .03-.04 if they get cash and wells that are producing. Maybe even higher than that.. There is a lot of people that are holding onto this with faith in adam. So the buying pressure will really heat up with news. People really believe in this company. They've been tied up in this litigation for a yr now, adam even admitted that he was only pursuing litigation, not oil, and told his investors to be patient.. that was a yr ago. our patience may pay off soon in a big way.
 

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Posted by hbbus700 on :
 
I see to make $ you gotta go in big, but gotta start somewhere right
Wish, thanks for the info & I did do my DD before I got into this one as well...
 

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Posted by IWISHIHAD on :
 
These would be real assets, I really see it going a lot higher if they get all that back and i think thats what they will get, but we have to wait. I see it more like .08-.10 with the spike in oil prices, some of these would be pumping wells plus money and property with wells that a lot of other companies would love to buy.
 

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Posted by MillerTIME on :
 
Lookin good for continuation of breakout tommorrow.
 

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Posted by cactus33 on :
 

quote:

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Originally posted by IWISHIHAD:
These would be real assets, I really see it going a lot higher if they get all that back and i think thats what they will get, but we have to wait. I see it more like .08-.10 with the spike in oil prices, some of these would be pumping wells plus money and property with wells that a lot of other companies would love to buy.

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looking at ndol..... yep you may be right.
 

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Posted by JoeMillion on :
 
Thanks GVMOORE for omog, but I am going to stick with papo.

glta

Joe
 

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Posted by MsKay on :
 
New resistance is .0074 according to tradingday . c o m I hope we break that today too!
 

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Posted by cactus33 on :
 
that sounds about right kay, thanks. Im really liking this slow rise. Still holding my opinion this goes above a penny soon, and adam does a big "i told you so.. to investors that lost patience".
 

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Posted by MsKay on :
 
I like that he is careful not to put out silly PRs that don't say anything. For anyone who is just joining, Adam was a penny stock investor like us who didn't like how things were going with OMOG so he bought enough stock to take over the company. It is interesting reading on their website.
 

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Posted by superman7 on :
 
OMOG printing .007!! this is huge i thikn we are going to make alot of money on this one!!
 

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Posted by hbbus700 on :
 
MsKay, where on their site does it mention Adam being a former shareholder?
 

---

Posted by MsKay on :
 
This could be the last buying opportunity for a while. Just a couple of weeks ago it was .0042! I bought some then and some at .005 before that.
 

---

Posted by MsKay on :
 
I will look it up again. It is in the first or second letter from Adam to the shareholders. I'll look and post the link or the letter here.
 

---

Posted by hbbus700 on :
 
Thanks
 

---

Posted by MsKay on :
 
www. omogoil .c o m/ news_060205 . html This is a piece of it from June 2005.

Adam Barnett stated, "As many know, I took control of OMDA some 20 months ago on an unfriendly basis by buying over 50% of the then outstanding shares. For these many months I have been trying to get all the records of OMDA from prior management. Most of my requests were met with worthless promises of 'they are being assembled" or some such response or excuse why they could not be delivered. In the meantime, particularly in earlier months, I kept receiving and paying bills that numbered into the hundreds of thousands of dollars that prior management mandated need be paid to maintain the vast amount of properties that prior management had disclosed to shareholders as being owned by OMDA. Late last year it became apparent that while these properties were owned and controlled by OMDA when prior management was at the helm, many of these properties may have been illegally converted for prior managements personal benefit."

Barnett went on to say, "Once it started to become apparent to me that these wrongful and probably illegal activities may have occurred, I engaged an attorney with proven investigative experience to confirm or belay my suspicions. As the investigation proceeded, as can be seen by the differences between our original pleadings and the recent amended pleading, many layers of clear corruption started to appear. The settlement which we received last week over the Concord Dome property is a direct result of the information that he obtained."

Barnett concluded by saying, "While current Management has and will continue to build on our own new asset and opportunity base, we are also prepared to prosecute past injustices to all OMDA shareholders to the fullest extent of the law, and return to the shareholders what is rightfully theirs."
 

---

Posted by hbbus700 on :
 
Thanks MsKay for the reading
 

---

Posted by MsKay on :
 
There is an older letter to the shareholders that is earlier than what is posted on the website. I'll see if I can find that as well. This is also interesting.

Adam Barnett, Chairman stated, "I cannot express in just a few short words here what a major first victory this is so early in the recently filed lawsuit against former management and co-conspirators. The fact that this group, who had not yet even been named as a defendant, upon reviewing our case proper to date, has come to the conclusion that it is prudent to settle now rather than risk the outcome of the lawsuit, speaks volumes of their opinion of the strength of our case against Lanza et. al." Barnett went on to say, "The President of the Operator has stated that he anticipates that once the wells are on production, which should be in the next few months, he expects revenues to be strong enough to pay out all his costs in less than twelve months, at which time OMDA will then begin receiving its respective share of cash flow for the balance of the life of the wells." Additionally Barnett stated, "Though normally in a case like this a first round of amended pleadings are not usually filed until after initial discovery and depositions have been taken, our counsel informs me that the investigation over the past month has uncovered so many additional causes of action against the Defendants that I have approved preparation of a first amendment to the pleadings which will be filed in the Harris County, Texas, Court shortly.
 

---

Posted by MsKay on :
 
This is another letter to Shareholders which is no longer on the website. It was about June of last year.

LEGAL UPDATE

I cannot tell you how many times I have heard and read comments from both shareholders and prospective shareholders that they “don’t care” about investing in a company who is “Suing” for Oil & Gas rather than Drilling for Oil & Gas. As
basically not a very litigious person, I would normally agree with those comments. I am not crazy about spending shareholders cash on lawyers and court costs that should be put
in the ground. But excuse me because I am going to yell now. PAY ATTENTION TO THIS LAW SUIT AGAINST PRIOR MANAGEMENT. This is serious and there are tens of millions of dollars of assets involved. I am confident that we are going to
prevail and I mean soon! As you can tell from the above, this suit is not distracting us from
building the company with new prospects. But I assure you that in my opinion it would
take more then ten million dollars worth of drilling and a whole lot of luck to
even come close to what the shareholders stand to gain from a successful outcome of this suit for the few hundred thousand legal dollars it is costing your company to mount. We have
posted the downloadable legal pleadings to date on the Company website under the “legal
update” link. Please take a few minutes to read these.

As I mentioned above, we have already reaped rewards of this suit with the
settlement of the Concord Dome project. Our investigators have already identified something
approaching 400 wells, acreage and equipment involved in other areas. The
amazing thing about Concord Dome is that it was resolved much earlier than we had
considered possible without litigation. At the time we commenced our litigation, we were
not aware that the additional drilling prospects for new wells would be part of what we
could recover. After initial discussions between the operator’s counsel and ours, the
operator came forward, explained how he had acquired them and who he had acquired them
from. The operator understood that should we prevail in our suit, they could
lose all that they had invested, and while the suit was pending, they would be unable to
prudently spend what they needed to make the project viable. After reviewing documents and
background of the parties, we reached a mutually acceptable and potentially very
valuable settlement for all parties thereto.

Our Corporate Counsel, both General and Securities, have done an unbelievable
job in investigating the facts and uncovering multiple layers of what appears to be
deep fraud, breach of fiduciary duties, corruption and conversion by prior management and
consultants. As evidence mounted, I agreed with our General Corporate Counsel,
Martin Nathan, that we should bring in a highly respected and well known law firm that
specializes in this type of case in order to increase the potential to bring
this to a quick
conclusion. I did so by engaging the 30 lawyer Houston Law Firm of Zimmerman,
Axelrad, Meyer, Stern & Wise. In the short time they have been on board, they
Have responded to defendants’ motions and production requests and have submitted our
production requests to defendants. They have examined the documents interplead
into the registry of the court by a former attorney and have discovered numerous
documents which I believe establish that we own the assets misappropriated by the
defendants and which substantiate our expectation of recovery of millions of dollars, both for
actual damages as well as punitive damages.
In closing, I hope that some of your questions and concerns have been addressed
and I am leaving you with a better sense of the magnitude of what your Company is in
the process of achieving. We are truly in special times and are very well positioned
for success in a big way. I don't think anyone can argue with the strides we've made
in the last year, and particularly in the recent quarters. If we can project out these
past quarters’ results a year from now with the same growth, it should leave one very
bullish about the company's future, it's mark in the industry and the potential for very
positive stock gains.
 

---

Posted by MsKay on :
 
Do you want more? I have a question and answer newsletter from August 05 where Adam answers shareholder questions. Anyone interested?
 

---

Posted by hbbus700 on :
 
Sure..& look at this little doggy jump
 

---

Posted by EverGreen on :
 
next big res is .0083 (200dma)
if (WHEN) broken the .01 wall will be easy IMO
and then .016 (last July)
 

---

Posted by MsKay on :
 
Also, there's a really old thread here on Allstocks that is really good. I'll post a link to that.

OMDA Oil & Gas - Shareholder Newsletter
In issue two of our newsletter, we covered part one of our question and answer session with
Chairman Barnett. Part two is listed below. If you have any questions that you would like to have
considered for upcoming lists, please submit them to IR*Omogoil.com.
Q. Will OMOG do a reverse split in the future?
A.B. As you know, OMOG has not participated in a reverse split since 2002. Since my gaining
control of the company, there has been no mention of a need for this type of roll back. As I
stated in my April shareholder letter, “At .0001 in that summer of 2003 it would have been easier
to do a reverse split than to put in all the hard work and sacrifice in our crusade to protect the
shareholder assets from Lanza's grip.” We have seen a huge share price gain in the past twelve
months, and I believe that a reverse split is not needed at the current time or in the future with
the potential successes of our current projects.
Q. What is OMDA currently doing in its pursuit to make the transition to OTCBB?
A.B. To make the transition from pink sheets to the OTCBB, a company has to overcome many
hurdles, the main one being becoming fully reporting. My main focus over the past year has
been equally divided between three main priorities: resolving the corporate disarray left by prior
management, acquiring assets and growing revenue streams, and creating a truly transparent
pink sheet company. I, along with many consultants and attorneys, have spent countless hours
trying to secure accurate financial records of the past few years. I am very proud of all this work
and the results so far, for I truly believe we have transformed OMDA from a small pink sheet
company with no shareholder communication into one of the most communicative pink sheet
companies currently traded. We have added websites, newsletters, project updates, and shareholder
letters. Rest assured, we will update the investing public as soon as financial information
can be announced without jeopardizing any legal procedures. Along with these updates, we will
work to reach our goal of becoming fully-reporting.
Q. Are there any other projects that OMDA is currently looking into for acquisition or ownership?
A.B. I take my duties as chairman very seriously. I, as a long-time investor, understand the
need for fighting complacency. While I strongly believe that our current projects and our lawsuit
against Lanza could provide OMDA with strong asset growth for years to come, I know we must
always be on the look out for new and even more rewarding projects. We have added four
strong holdings (including the concord dome settlement) in less than a year, and I am committed
to future partnerships and acquisitions when they make operational and fiscal sense. Again, as
letters of intent are signed, they will be announced with press releases and other means of communication.
Continued on Page 2
Volume 1 Issue 4
CHAIRMAN ADAM BARNETT ANSWERS YOUR
QUESTIONS ( PART TWO)
08/15/2005
WEEKLY SHAREHOLDER NEWSLETTER
Quick Facts:
Stock Symbol: OMOG
YTD High: $0.018
YTD Low: $0.0045
Outstanding Shares:
1,378,500,419
Transfer Agent:
Signature Stock Transfer
972-612-4120
Contact Info:
IR*OMOGOIL.COM
800-621-0113
WWW.OMOGOIL.COM
Young Oil Project
Update:
The final three gas wells
are finished drilling, and
are currently shut in
awaiting stimulation and
flow testing. Young informs
OMDA this week
that the third party crew
that will do these processes
is scheduled to
begin Aug. 18 or 19th.
The Results will be published
as soon as they
are available. You may
access all project updates
directly on our website at:
http://www.omogoil.com/p
rojects.html
Weekly Shareholder Newsletter
Adam Barnett was in Houston on a business related matter over the weekend, so a
local shareholder hosted a last minute Barbecue Saturday with him as Guest of
Honor. Though most individuals had less than a weeks notice, some 28 shareholders
and prospective shareholders attended, including eight who flew in from out of
town. Adam wanted to express his sincere gratitude to all who attended as well as
the host shareholder.
Page 2
ADAM BARNETT ATTENDS
SHAREHOLDER BAR-B-Q
Continued from page 1
Q. As projects start to produce revenues and profits increase, will there be dividends for the shareholders?
A.B. My mantra has always been “I must increase shareholder value.” To do this, I will focus on
the things I have outlined above. I want to turn our current projects into the most profitable entities
possible. I also want to settle the current lawsuit and secure the owed assets to the company.
Once these things are completed, I believe that the stock price will reflect these positive events. I
do wish to reward all the shareholders who have maintained loyalty to OMDA, but I know that profits
should go first and foremost to continuing the growth of the company by acquiring additional
land and leases. Having said this, I will keep a keen ear open to all dividend and shareholder reward
programs as opportunities present themselves.
Look for part three of this question and answer session with Adam Barnett in the upcoming weekly
newsletters.
 

---

Posted by MsKay on :
 
Check out this old thread as well...

http://www.allstocks.com/stockmessageboard/ubb/Forum8/HTML/009683.html
 

---

Posted by rocked on :
 
this baby's gonna run HARD...008 right now..
 

---

Posted by cactus33 on :
 
yep. massive buying pressure right now...
 

---

Posted by MsKay on :
 
Yeah! Blew resistance out of the water!!
 

---

Posted by rocked on :
 
YEEHAW we're going to see .0083 today with this..
 

---

Posted by gnulnx on :
 
Made you .0083. Anyone for a penny?
 

---

Posted by DJH on :
 
Ask is 0.0085 now
 

---

Posted by MsKay on :
 
Up almost 30% today and 50% from a couple of weeks ago.
 

---

Posted by hbbus700 on :
 
This is very nice!!!
 

---

Posted by rocked on :
 
actually, it's up 30% as of now lol
 

---

Posted by hbbus700 on :
 
& trippled the ave. vol.!!!!
 

---

Posted by MsKay on :
 
There must be news leaking somewhere
 

---

Posted by DJH on :
 
This thing is going Postal!!! Ask is 0.01
 

---

Posted by gnulnx on :
 
news? Naw I think it is just the momentum crowd. Perhaps. Wow big vol up to .10 just now!!
 

---

Posted by MsKay on :
 
Up 50%!!!
 

---

Posted by MsKay on :
 
Well now is the time. Once the settlement is done it will be way, way too late.
 

---

Posted by MsKay on :
 
It is still less now than it was last summer at .011 to .014. There's still room to make a big profit.
 

---

Posted by DJH on :
 
That was a Big Mountain to climb. It's just breathing right now.
 

---

Posted by db on :
 
high volume for this , I hope it's because of pending news , could be mm's decided to let it run either way I like it!
 

---

Posted by MsKay on :
 
I love it! If we can hold this level through Friday....Monday should really climb.
 

---

Posted by rocked on :
 
I think the MMs were out of this, pure trading and cash..
 

---

Posted by cactus33 on :
 
been waiting for this day.... news may be coming, this is a lot of vol and buying compared to normal.
 

---

Posted by MsKay on :
 
OMOG is #11 on pinksheets for quote requests
 

---

Posted by gnulnx on :
 
MsKay how did you find that out? Is there a web site? Thanks!
 

---

Posted by cactus33 on :
 
surprised its still riding at .0097... what a run!
on no news? somethings up b/c this stock was ignored forever. buying pressure still looks strong even after this run.. people believe in this company, and it looks like they are holding. If we get a multi-bagger out of this I'll be at that next inv. picnic giving adam a high five, beers on me! Once this goes over .01.. theres no looking back. big time resistance at .0099 though
 

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Posted by rocked on :
 
right now i dont know where you see that but ask is only .0092...i do see resistance to over .01 but that's because of the day traders bailing, just wait until tomorrow..
 

---

Posted by db on :
 
wow! 83 mill vol. thats 10x more than recent days , yea something is getting ready to happen, if it's due to pending pr with numbers this will fly!
 

---

Posted by MsKay on :
 
Go to pinksheets dot com and click on Market Activity. Then click on Quote Request Leaders. Lots of good info on pinksheets
 

---

Posted by GVMOORE on :
 
May take a little off the table at .0450. Till
then Long and strong. MsKay Job well done. GLTA.
 

---

Posted by gnulnx on :
 
Thanks MsKay. BTW I was born in greenville Ms. Went to college at Ole Miss.

Cheers!
 

---

Posted by MsKay on :
 
Thanks GVMOORE. Been watching this one a long time. I think its finally going to payoff.

I'm down south in Pascagoula gnulnx or what's left of it anyway.
 

---

Posted by cactus33 on :
 
.01
 

---

Posted by cactus33 on :
 
iwish, where are you at? maybe your're away from the computer today... you are gonna be in for a nice surprise when you see this.....
we do 100 mil
 

---

Posted by cactus33 on :
 
a lot of people will know about omog when all the stock alerts go out. Hopefully investors will just sit and drive up buying pressure again tomorrow. OMOG needs to tear down the .01 wall.
 

---

Posted by MsKay on :
 
If an investor has done their DD and has been watching this, you'd have to be crazy to sell now. This is what we've been waiting for. This stock held .011 to .014 on no news or prospect of news for any time. A major stockholder sold out which is why it dropped to 0.042 (where I bought in). There is no telling what the actual value of this stock will be once the new assets are added to the company not to mention if the Panola sale goes through there is supposed to be a dividend to stockholders on that.
 

---

Posted by MsKay on :
 
I can't believe it, we closed at .01 HOD!
 

---

Posted by db on :
 
great day! might retrace some tomorrow but looking good for eow
 

---

Posted by MsKay on :
 
Should have been a buy signal today that will post tomorrow on American Bulls. That will trigger more buying and price going up. I do expect a retrace on Friday. If you are waiting to get in now, watch around lunchtime on Friday. That will be the best price you are likely to get on this stock any time soon.
 

---

Posted by cactus33 on :
 
yep, im kickin my heals in enjoyment. I got in around .0045 . I'll hold, but keep my eye on the rsi. If OMOG can get some big investors, we'll see a run like no other.. with incredible news RSI is thrown out the window and the stock sets itself up for the run of a lifetime. Anyone short on this will get squashed..

a pr would be good right now.. cmon adam you know how to play the penny game, give us some news? why the huge run... gotta be insiders.

JMHO
 

---

Posted by MsKay on :
 
Thank goodness Adam doesn't usually play games but I know what you mean. I think a slow steady rise is better.
 

---

Posted by MsKay on :
 
I'm so happy, I gave all you guys 5 stars for just being here with me. I received low stars for disagreeing with a pump and dumper. Look at me now!!
 

---

Posted by cactus33 on :
 
kay, whats your guess.. OMOG just sat around for months at like 6 mill in volume. then we start to see 10 mill a day.. then this? almost 100 mill
could be a combo of expected news, going into the summer, and oil comps are going crazy. just strange we got hit with this run... OMOG hasnt even come close to a run like this since Ive owned it. Its all good though, just thinking if there was any news out there it would be nice to hear. that would help put the dagger in the heart of the sub-penny world. OMOG does not deserve to be subpenny. Looks like things may be turning around finally
 

---

Posted by GVMOORE on :
 
Gapper for sure. Should see .02 by noon. A
good PR to the moon. IMHO GL
 

---

Posted by MsKay on :
 
Well, I am ultra conservative but when other stocks have run like this, there was news that closely followed it (both up and down).

I had bought TNOG when it was low and then sold at about .05. I bought back in again once it started dropping thinking it would go right back up. A day or so before the last bad news came out, it started dropping straight down and now I am holding red, red, red. The news wasn't even that bad but we are a fickle bunch I guess. TNOG is still the same company it was at .05 but ...you see what I mean.

I think that surely there is some news leaking out as to the settlement and it must be good. I think for the last few months investors have shied away because of the one well that didn't pan out. That's nothing new or necessarily all that bad but the fickle winds of pinks just blow that way.

If you are going to play pinks which are obviously risky, I can't think of a safer bet than OMOG right now.
 

---

Posted by cactus33 on :
 

quote:

---

Originally posted by MsKay:
I'm so happy, I gave all you guys 5 stars for just being here with me. I received low stars for disagreeing with a pump and dumper. Look at me now!!

---

quote:

---

Originally posted by IWISHIHAD:
cactus33,

I wish i was, i would love to see the look on those guys faces(the ones that took the assets) when he had them in mediation and they realized what they might lose and i am not talking about the money part, this is just a guess but thats why they did not want any part of a court battle.

---

Yep, "those guys" probably have a dartboard with adams picture on it. They probably want adam out of their life at this point. Thats what im guessing, ready to just pay up. If OMOG pulls this off and wins this, adam made "those guys" pay hard. Yep those guys faces would of made for a nice "kodak moment" when the lawyer advised them to settle. Probably started to cry hehehe

JMHO
 

---

Posted by MsKay on :
 
Anybody live in Houston?
 

---

Posted by MsKay on :
 
Here's more DD from another board from last year if anyone is interested.

By: tchauncy
17 Oct 2004, 12:28 PM EDT
Msg. 176137 of 227793
(This msg. is a reply to 176115 by hamvestor.)
Jump to msg. #
ham - Can you think of any other reason than short selling, that the stock has stayed in such a tight range over the past three months, while the volume has been more than double to total number of shares outstanding. And during this time the price of oil has risen 18 a barrel and gas 2 a mcf? I bought my second million shares of this stock on May 5 and paid .008. A higher price than what it could have been bought on the opening Friday morning.

And more shares being issued is not valid. I continuously check with the TA. No new shares have or are being issued. I made a post here several months ago right after I had my first conversation with Adam Barnett about a deal I made with him. Here is the deal.

I told Barnett that since he has publicly stated after he wrested control of the company from Lanza that he was not going to issue new shares at anything resembling these prices, And in fact was going to try to reduce shares. At that time he had recently retired over 200 million shares to the treasury, bringing the total outstanding from slightly over a billion to under 800 million. Since that first discussion he did reduce the capitalization another 10 million shares. If he stuck with this, I would make him a deal he shouldn’t refuse.

As long as he didn't issue any new shares, I would do two things for him and the company and would not ask or accept any cash, stock, warrants, options, converts or any other type of compensation from the company. I would personally in the open market buy a major position in the stock along with a couple of dozen of my strongest friends and I would contribute my 30 years of Oil and Gas experience along with Oil and Gas contacts that would make this company a significant industry player over the next couple of years. He came to Houston, visited with me and some of my investors and contacts and agreed to my deal. He has kept up his end of the deal, and I have kept up mine.

I must admit, I never dreamed that we would have been able to buy as many shares as we have, particularly with the price of oil and gas rising so much. But we have and we could not be happier for it. We didn't know at that time that such a large short would appear to make it possible, but it has. Now in hindsight, I can understand why.

As I posted a couple of weeks ago. Since this is a pinky, it has something available that no registered stock has. It has the ability of issuing up to one million dollars of immediately free trade stock every twelve months at any price under Rule 504. For a dozen years under Lanza, he took advantage of this each year, usually in August, it appears that this is what he did.

He would pay some tout to pump the stock for example to .003 and at which time a group of his hedge fund or MM friends would start shorting the hell out of the stock. Lets say a billion shares over the ensuing year. Then when the twelve months were up, these hedgies/MM's would come to Lanza with a million dollar check in hand and Lanza would issue them a billion shares at .001. They would take these share, cover their short with it and walk away with a slick two million dollar profit. Lanza would take the cash and put a little in the company, but take most of it for "compensation". Then it would start all over again for the next twelve months. The hedgies and MM's loved this deal and so did Lanza. That is why Lanza rarely held any significant amount of shares historically in the company.

But something happened right after last years August 504. Barnett took over control of the company by buying a controlling interest in the market and threw Lanza out in September. This unfriendly change of control was never really publicly announced as such, but was discussed on this board at that time. So the hedgies and MM's must have just assumed that Barnett was just one of Lanza's people so they just starting building their "annual" short in the stock. Fully expecting to be able to come back this August and do their annual 504 with the company and cover their short. This was confirmed to me when Barnett told me, as I posted here at that time, that his phone was "ringing off the hook" beginning late this past August by people who wanted to do a million 504. While at my suggestion he did not outright reject their offer, he has just cordially just "put them off". So, human nature being what it is, they just kept shorting more, assuming that he was going to "let them out of the trap". After all, who ever heard of a pinky turning down a million dollars? (Now you know why playing in the "pinks" can be hazardous to your financial well-being if you don't know what you are doing. :-)

Why would they continue to short more? Because the buying was still strong and steady as the price of oil and gas increased. If they didn't short more, the stock price would start increasing and if enough momentum were allowed to build up, it could "get away" on the upside and the number of shares they would get from the 504 would be less as the price increases. So they got hooked into a "catch 22". Now they are probably beginning to think they may have a serious problem. If this buying continues and Barnett doesn't do the 504 at one hell of a discount to market soon, they could start getting "bought in" big time. And since they probably know that 90% of all the sales that are being made right now are being made by them, I suspect that they are not sleeping very well lately.

Well, if any of them are reading this board. Here is a rude awakening. Barnett has no intention of doing any 504 at any prices less than several multiples of this price. Why it is such a serious problem for them, the higher the stock goes the less shares would be issued should Barnett decide at some level to do it. (And BTW, at the right price, I would recommend he actually do one) Remember, it is the dollar amount that is limited (one million max). Not the share amount. At a penny, it would be 100 million shares. At a nickel it would be 20 million shares, at a dime only 10 million shares. So you can see why Barnett is not in any hurry. But obviously the short by now is in the several hundreds of millions of shares and getting larger each day. IMO, with the size of the short that I believe is in place, there really is only one way out and that is to buy their way out in the open market. The million dollars worth that they could get from a 504 is just a pittance unless they can get the stock to tank very big. That isn't going to happen. Since this is an unregistered pinky, there is no conventional registration available even if the company wanted to do one that would allow issuance of over a million dollars worth of free trade stock.

In all my 31 years investing, including the ten years I was a MM, I can't remember seeing anything like what is happening here. I have seen dozens of short squeezes that made stocks move ten fold or more, but usually they only have a legitimate 23-30% short. I can't comprehend that the one here is any less than double and could be triple that percentage and all happened without the stock hardly moving from its current small $6 million market cap.

Since you were involved in HLSH, let me say that this really could easily end up being a second Perfect Storm.
 

---

Posted by hbbus700 on :
 
MsKay, thanks for all the information. That is some very interesting reading indeed.
 

---

Posted by IWISHIHAD on :
 
This stock is just starting to get interesting, a lot of shares were bought up today unbelivable volume for this stock with no news, a lot of new investors just getting in.
 

---

Posted by cactus33 on :
 
iwish, i Know how you are feeling. kind of like shell shock that OMOG is taking off like we all knew it would. its a massive " I told you so" Its a good feeling... now its like.. where do we go from here? tomorrow will be interesting. I think that the gap was filled to .0086.. this thing just ran so hard today though. I just got back from the bar, drinks on me b/c I was waiting for this omog day for a while. and am in a good mood, pulled out 500 bucks at .0098 for a party tonight. Be up early to monitor this though.... hangover regardless..

night all
 

---

Posted by IWISHIHAD on :
 
cactus33, you are a smart investor always pull out a little bit of cash then the ride up is a lot easier, this one is just getting started have a good night.
 

---

Posted by gnulnx on :
 
MsKay that was quite some post. You have been following this company for quite awhile it seems.

What would have say this company is valued at? Based on what you know what would a conservative, moderate, and aggressive number be for fair value on share price?

I will admit that I was looking to swing trade OMOG. I already have most of my port in Drillers such as RIG, and NBR. As well as a big ethanol play in ADM. I have been using a small amount of capital to catch these microcaps early in the run. I have also missed some huge opportunites by geting out to early. So my question to you: is this a couple of day spike or is this something bigger?

I will try to get a fair amount of DD own my own today. You have certianly peeked my interest.

I do know of another stock that is being manipulated in a similar fashion: NFI --> naked short selling.

Well good luck today everyone
Cheers
 

---

Posted by EverGreen on :
 
i answer to myself

today is the decision day
the .01 break and run
or it will take a little rest and run next week

quote:

---

Originally posted by EverGreen:
next big res is .0083 (200dma)
if (WHEN) broken the .01 wall will be easy IMO
and then .016 (last July)

---

quote:

---

Originally posted by IWISHIHAD:
Does anyone know how many days that a MM. has to cover their sells? I thought it was three days.

---

quote:

---

Originally posted by gnulnx:
MsKay the flat line action was scaring me. I'm out for now. Back in on up volume or a descent recline.

I still think this is a great play. However, I was a little over extended and needed to secure some cash.

---

quote:

---

Originally posted by rocked:
im bailing EOD and buying back in tomorrow if that happens..

---

quote:

---

Originally posted by GVMOORE:
Missed 30,000 profit by dumping AMEP last yr
on a pull back for a lost. Even with bad news
it should be worth .02+. GLTA

---

I didn't lose but I sold my AMEP way too soon. I bought in at .0187 and it is now at .10 ...sickening!! I think I sold at .05 or so. I did well but geesh.
 

---

Posted by db on :
 
not a bad day,if it stays in .008 or .009's for friday that won't be bad but .006 or .007 then I will feel that this was nothing but MM's driving the pps up so they could drive it back down.
 

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Posted by farmgirl on :
 
Tomorrow is friday. I think anything is possible. Some people will get out just because weekend scare them. I do not think that would mean next week would be bad. I look at fridays as buy days.
 

---

Posted by MsKay on :
 
I don't think this run was MMs. If it was, they would have been doing it over and over the last few months. It has stayed pretty low the last few months waiting for this settlement. I think this is prenews buying. It went down because people are selling on the highs. It will probably settle out tomorrow at low 8s or high 7s during the middle of the day and then close high 8s or 9s at EOD. Monday will shoot up again.
 

---

Posted by IWISHIHAD on :
 
MsKay& db, your both right i think the mm's jumped on this one on investors trying to guess when news is going to break because it will be hard to jump in at these prices when it does, i also think that the mm,s oversold this one by looking at the volume and now are trying to replace those shares which is i think all okay if they do it within a few days. If this stock had not been oversold it would be sitting between .03-.04 right now. This morning if you were watching they were showing pps. jumping between .01-011-.012-.013-.014 they were leaving out the .0101 .0102 .0103 so i felt they were bouncing it because investors are usually not jumping in at those large increments. The funny thing is that you might have a stock all day at .014 but if at the end of the day you have $100 at .0096 that seems to be what most investors remember and the mm's know that, just part of the pinks. The ones doing their research will look at the hugh possibilities of this and usually hold a lot of their shares. I do not see at this point any stock under .20 a share that has the possibilities of what could be coming back in REAL assets, but i also looked at the downside of this stock and i felt that was not bad either. This is only my opinion and i am willing to hold to see and i always take a little out for safe keeping.
 

---

Posted by MsKay on :
 
I just can't imagine anyone willing to sell right now (other than a little for safekeeping like you said). Now is the time that we've been waiting for. I can see profit taking above .015 because we've not maintained much over that in the last year but to sell below that mark on the brink of all this good news is just craziness.
 

---

Posted by MsKay on :
 
www.otc-advisors.com: "Bulls in the Stable" CCGI, AMEP, OMOG, PAPO, ACMG

Rochester, NY, Apr 20, 2006 (M2 PRESSWIRE via COMTEX) -- otc-advisors.com's names Collectible Concepts Group, Inc (OTCBB: CCGI), American Energy Production Inc. (OTCBB: AMEP), OMDA Oil and Gas, Inc. (Pink Sheets:OMOG), Pangea Petroleum Corporation (OTCBB: PAPO) and Alcar Chemical Group Inc. (Pink Sheets: ACMG) its "Bulls in the stable."
 

---

Posted by IWISHIHAD on :
 
I hate chasing stocks or flipping them if i feel it is a good one, it seems like it always costs me more in the end than if i buy and sell a little off on a big rise and hold the rest. I have felt that this stock should be between .015-.02 without adding any new assets. If you add the possible amount of assets coming back it puts it in another league.
 

---

Posted by MsKay on :
 
otcstockexchange.com: BAQG, AMEP, OMOG, PTSC - OTCStockExchange.com Stock Alert

Rochester, NY, Apr 20, 2006 (M2 PRESSWIRE via COMTEX) -- OTCStockExchange.com's "Stock Watch Alert" this morning are Benacquista Galleries, Inc. (OTCBB: BAQG), American Energy Production Inc. (OTCBB:AMEP), OMDA Oil and Gas, Inc. (Pink Sheets: OMOG), Patriot Scientific Corporation (OTCBB: PTSC).
 

---

Posted by MsKay on :
 
Today is a buying day for anyone who's waiting to get on board with this one. Could be a chance for flippers to buy today and sell next week. I'm going to add on the dips today if it drops low enough.
 

---

Posted by db on :
 
I would like eod at .001 but,,,,, I'm also taking some out after the next big run and holding the rest - could be good things on the horizon - price of oil going up yesterday may have helped pps - and with as much publicity OMOG has had recently there are alot of people waiting and watching.
 

---

Posted by db on :
 
eod of .01
 

---

Posted by db on :
 
MM's shaking it down getting thier money -
 

---

Posted by MsKay on :
 
I put in a buy order for .0072. If it doesn't fill by noon it probably won't.
 

---

Posted by gnulnx on :
 
Looks like it's turning around. what to do, what to do.
 

---

Posted by MsKay on :
 
It will drop again, one more time, then up to EOD. Big jump at EOD when everyone who wants to buy gives in and pays the ASK.
 

---

Posted by hbbus700 on :
 
MsKay, as a new person to penny stocks & trading in general I must say that I have learned alot from reading your posts. Thanks!!!
 

---

Posted by MsKay on :
 
You have to be careful. I lurked for a long time before I posted. There are so many people trying to lure and trick investors into buying worthless stocks. I've learned alot from the people here and I've been burned too. Just always remember to wait until you've investigated properly before you buy. It is hard to tell the difference from a ligitimate run and a pump and dump.
 

---

Posted by hbbus700 on :
 
I had seen OMOG long before I found this board. Just recently had some available cash that I could afford to put into OMOG.
 

---

Posted by gnulnx on :
 
hbbus700, my one suggestion for penny stock investing is never ever get greedy. Get out while the volume is big and the stock is moving up. Never try to sell on the large volume down spike. By the time your order fills it will be to late. Lots of manipulation on the pennies...but this translates into huge potentials for those that control fear and greed.

I am fairly new to pennies as well. I have played around over the years. Also it goes without saying that you shouldn't use a larege percentage of your port.

Oh, and yes, MsKay is one of the people that always posts good info.

Cheers.
 

---

Posted by MsKay on :
 
Great advice gnulnx! hbbus700, Also do your research on reverse splits and dilution. Pennies are rife with it and that is what makes them so dangerous. That is what drew me to OMOG, Adam Barnett's promise of no dilution and no R/S. I've been lied to before but so far he has kept his promise in spades. If he continues to keep it, it makes OMOG a much safer play. It also makes it harder to short. If a company is diluting it is also being shorted and will eventually require an R/S.
 

---

Posted by IWISHIHAD on :
 
I am still curious when the news is coming, i would like an update on the CSUA deal, guess we will have to wait but like i said before i was glad they held off on a pr. untill this thing settled down. I never worry about a temporary down it can turn upward so fast on the pennies but would prefer a slower rise to keep the mm's from playing with it. If you are in this for what you saw as the longer term possibilities of this stock you have to get away from the daily highs and lows and focus on what you feel as the possible high and does that look GREAT. The rise we have had will look like kids play very shortly when we actually start getting pr's.
 

---

Posted by jrh on :
 
All systems are moving on the settlement and it has been getting better and larger each day.

Dont' miss the boat, see you guys at 0.03 to 0.05 when the news is out.
 

---

Posted by MsKay on :
 
I agree WISH, especially Fridays. They are always low. I don't know why anyone would sell on a Friday. My order hasn't filled of course but I guess that's a good thing! I've put in low orders like this before on Fridays and had them fill but then the price go right back up within minutes. It doesn't hurt to try. I placed a small order, only 25K at .0072 and it hasn't filled.
 

---

Posted by MsKay on :
 
Most of OMOG's PRs have been on Wednesday or Thursday. I don't know if that is intentional or just coincidence so I don't look for one until at least next W or T. It may be a couple of weeks before we find out anything though. They certainly don't put out frivolous PRs which means we have to wait!
 

---

Posted by IWISHIHAD on :
 
I think the day they finalize the deals they will release pr's, i know they are anxious to let investors know. After the main pr i think we will see many more pr's on each property.
 

---

Posted by IWISHIHAD on :
 
The best is on this stock is getting ready to start, it appears it is right around the corner, we should also be getting and update on the CSUA deal.
 

---

Posted by MsKay on :
 
That press release mentioned a dividend for the CSUA deal. Have you heard any more about that?
 

---

Posted by IWISHIHAD on :
 
MsKay,

I never really asked that question, it might be a small priority to us holding our dividend is coming it appears very shortly.
 

---

Posted by MsKay on :
 
I wasn't counting on or even considering it as far as holding the stock but it would be a nice cherry on top wouldn't it. I wish I knew because it looks like we've seen the low of the day. If I am going to add any, I need to do it in the next hour or so. I can't make up my mind if I want to buy any more at these prices or just wait. If we don't get a PR or hear any more news, there may be another drop next Friday.
 

---

Posted by MsKay on :
 
On the other hand, if there is news or even insider leaks next week, this is my last chance today.
 

---

Posted by IWISHIHAD on :
 
This is just a wild guess but if you see a dip next Friday it probably will not be any where near this, but you also know that nothing is final till it is final in a litigation. Good Luck, but i am sure you have already done well on this stock.
 

---

Posted by MsKay on :
 
I know, I know. I'll probably wishIhad. LOL. Volume is certainly low today comparatively. Its a standoff.
 

---

Posted by MsKay on :
 
If we close at HOD (.0094) that will create a buy signal on the charts for Monday.
 

---

Posted by IWISHIHAD on :
 
Here is another guess of mine i think that they are satisfied that the properties that they are getting back are okay, and that now they are pretty much waiting for the final stamp of approval, of course there is always a small chance that something could go wrong. Of course for new investors it is always a tough choice do you wait and see or chase it, there is always fun on the pennies.
 

---

Posted by MsKay on :
 
I agree. If I weren't in at all, I'd buy right now today. Since I already have at least a small position, I can't decide whether to add more or not. I'm sure I will be kicking myself on Monday. If they get anything near what they've asked for, I can see the .03 to .05 range in the next couple of weeks. Then, depending on the exact details and whether any of the properties are earning money, we could see a huge increase.
 

---

Posted by IWISHIHAD on :
 
We pretty much know that some of the properties are earning money and i think they are also getting back lost revenues off of those properties, but we will see.
 

---

Posted by MsKay on :
 
This is so exciting!! We only have to get to .0176 to double the current price. I've just about talked myself into it.
 

---

Posted by MsKay on :
 
Well no high EOD but we will see what happens next week. My crystal ball must be a little dusty! As soon as you think you have it figured out...all the rules change. It's like herding cats! Have a great weekend everyone.
 

---

Posted by IWISHIHAD on :
 
This stock will get interesting. I try and look back on any pennies that have received back even $5,000,000-10,000,000 dollars in real assets and i cannot find any. I think it will be more than this but was trying to do a comparison. I was looking back to when the possible sale(still pending) of the Panola lease was announced, the CSUA stock took off and omog should have been over.01 then because OMOG was or is to own $300,000 of registered stock of CSUA and get cash back and retain a small amount of the field or keep this property that shot the other stock a lot when investors thought they were getting it(which still could happen) So you know how underpriced OMOG stock is a present just for what they own now. We know that with the price of oil going up, unfortunate for consumers, the value of these properties is going up if they have wells on them pumping or not and they are american properties which is beter than having them in countries of unstable goverments. This is a sleeping giant.
 

---

Posted by hbbus700 on :
 
as I wish I had more shares Hopefully Monday that will happen
 

---

Posted by IWISHIHAD on :
 
This should be an interesting week for this stock.
 

---

Posted by bond006 on :
 
IWISHIHAD I have looked into omog before I did some dd If I understand you wright is that you feel that the suite is in the bag for them and next week is when we will get the details can anybody help me with this answer please so I can finish mry dd thank you
 

---

Posted by bond006 on :
 
I think I have answerd my own question about the suite. I still would like an opinion about things. As I will most likely take the plunge tomorrow
 

---

Posted by Rbreb13 on :
 

quote:

---

Originally posted by bond006:
IWISHIHAD I have looked into omog before I did some dd If I understand you wright is that you feel that the suite is in the bag for them and next week is when we will get the details can anybody help me with this answer please so I can finish mry dd thank you

---

The suit is basically settled, they're finalizing it now. The lawyers are making sure that the reacquired assets have no liens or debt associated with them before OMOG takes possession.

In the bag? Its not a for sure but its highly unlikely that they would want to go to court and risk even more than the out of court settlement will be. Can we say possible jail time?

Also the lawyers for OMOG started this case on an hourly based pay rate. After they did their DD on the case they decided to do it on a contingency basis. Which means that if OMOG wins they get paid very well. If OMOG would lose the lawyers would get NOTHING. They obviously felt that OMOG's case was very strong.
 

---

Posted by bond006 on :
 
Rbreb, Thank you
 

---

Posted by rocked on :
 
350+ wells with 37.5% interest in future wells and $36 million in damages....this is what i just heard..
 

---

Posted by bond006 on :
 
Thank you rocked
 

---

Posted by rocked on :
 
not a problem boys..im lookin for a big profit on this one, i bought it up way up at .005
 

---

Posted by GVMOORE on :
 
Wish I had some infro to add. From the little
dd I have done any thing under .01 is a fairly
safe play with 85% chance of a strong upside.
Adding shares on dips. Any hint of growth Will
stay long and on any alt fuels plays. Most have
had big runs. Precede with caution. For some-
one to win someone must lose. GLTA
 

---

Posted by IWISHIHAD on :
 
Rbred 13,

Thanks for clarifying in the bag to bond006 you explained it better than i could have, i have been gone and just read it. Rocked has even more information than i have, sounds great Good luck.
 

---

Posted by MsKay on :
 
The actual complaint contains 37 pages of information regarding exactly what OMOG is asking for. At the end is a summary. See link below

www.omogoil . c o m / COMPLAINT1AM.pdf

K
 

---

Posted by rocked on :
 
up..and green and movin quick..always nice..
 

---

Posted by MsKay on :
 
Let's see how sick I get today that I didn't add more on Friday at .0085! This is going to be a great ride. I believe we will break .01 today and close above it.
 

---

Posted by gnulnx on :
 
I hear that! Tried to get in a .0092 earlier and missed it. I have a general rule about not chasing stocks. *sigh*

Good luck to you MsKay. You deserve it with this position!
 

---

Posted by bond006 on :
 
Thanks guys I had to chase this morning but I dont't care I can't watch all day anymore have to go to work 100,000 thats a base to start from thanks for all your input .
 

---

Posted by MsKay on :
 
It's still a good place to get in. If we don't get news this week, we may see another buying opportunity on Friday. I won't miss another one.

K
 

---

Posted by bond006 on :
 
My order was filled in three partials was not that easy to buy
 

---

Posted by MsKay on :
 
If you don't mind saying, what was your purchase price? All three the same price?
 

---

Posted by bond006 on :
 
no 10,000.*.0089 10,000. *.0091 800000. .0098
 

---

Posted by bond006 on :
 
thats the way it went excuse me that was 80,000 * .0098
 

---

Posted by MsKay on :
 
So average .0096. That's still good. We only have to make .0192 to double your investment!
 

---

Posted by bond006 on :
 
I was in this about 6 months ago and was waiting for the suite to start I was in at .0125 and nothing happened sold took a small loss and thought I would wait got on omog email list then I saw you folks posts and said looks like it is time so I am happy with my price glta I will most likely be looking to add on the dips
 

---

Posted by MsKay on :
 
Look you are already making a profit! .0099 ;-)

I also bought some at .008 and then averaged down when it dropped a few months ago. I am at .0072 average now. I did the same thing with TNOG and it is also running right now (for no apparent reason that I can see).
 

---

Posted by bond006 on :
 
I really think this will be hot some time in may it will start a good hot run if they due ok in there suite and oil goes up thats what I am banking on I think we will get solid news in a week or two maybe sooner I just want to be in somewhere at the start can always average up or down what ever the case is.

If we get the news we are hoping for .02 or .03 will lo0k like a bargin. IMHO
 

---

Posted by gnulnx on :
 
MsKay I believe TNOG is running because of a yearly cycle??? It seems that it runs every year right around this time.

Plus I think having Oil and Gas in the name helps with all the latest buz right now.

**Kickin myself for not getting back in OMOG Friday Afternoon...I just plain hesitated **
 

---

Posted by MsKay on :
 
Me too. I should have bought at .0085. We may have another chance though gnulnx. People are fickle. For some reason, they will sell cheaper on Friday. We can watch again Friday, put limit orders in early Friday morning and see what happens.

I'm not sure about TNOG. I made about $1,500 on them last year but then bought back in and have a small position that has been in the red until now. They announced that they have new management so maybe that is why or perhaps one of their wells is due to hit and some insiders know it. They leak news to insiders regularly. You can see it because they run and drop with no news and then the "news" comes out a few days later that explains it. They seem to be mimicking OMOG though. I'm watching it.
 

---

Posted by bond006 on :
 
Oil is going to be hot and this is located in the USA and not some unstable part of the world. tnog is hot now and you will make money. I think we will see $85.00 a barrel this year and $4.00 at the pump Barstow Ca. is already at $4.08
 

---

Posted by MsKay on :
 
Yikes! We'd better make enough to pay our gas bills for the rest of the year! LOL! Go OMOG/TNOG!
 

---

Posted by gnulnx on :
 
"Barstow Ca. is already at $4.08"

Holly Crap. And I thought Albany NY was bad with 3.11!

I agree about the $85.00 a barrel. One of Moron bin Laden's long term goals has been to push oil over a $100.00. Notice we make a new high on friday and right on queu he comes out with a statment followed by IRAN and their irriversible nuke program..what ever. They are playing the western world like a bunch of chumps right now. An energy crisis is coming, but that doesn't mean oil should trade at the current levels based on the small amount of propaganda going around.

All of my money is in energy stocks. The bulk is in NBR, RIG, and ADM. I now have a small speculative position in TNOG.
 

---

Posted by bond006 on :
 
Barstow right on the path for the people in Southern Ca. coming and going to Vagas the old joke used to be better save some money For Barstow I will need gas
 

---

Posted by MsKay on :
 
FWIW, From tradingday . c o m on OMOG

\Short Term Indicators
7 Day Average Directional Indicator Buy
10 - 8 Day Moving Average Hilo Channel Buy
20 Day Moving Average vs Price Buy
20 - 50 Day MACD Oscillator Buy
20 Day Bollinger Bands Hold

Short Term Indicators Average: 80% - Buy
20-Day Average Volume - 23522395

Medium Term Indicators
40 Day Commodity Channel Index Buy
50 Day Moving Average vs Price Buy
20 - 100 Day MACD Oscillator Buy
50 Day Parabolic Time/Price Buy

Medium Term Indicators Average: 100% - Buy
50-Day Average Volume - 20922168

Long Term Indicators
60 Day Commodity Channel Index Buy
100 Day Moving Average vs Price Buy
50 - 100 Day MACD Oscillator Buy

Long Term Indicators Average: 100% - Buy
100-Day Average Volume - 17169482

Overall Average: 80% - Buy

Price Support Pivot Point Resistance

0.0085 0.0067 0.0085 0.0103
 

---

Posted by farmgirl on :
 
Gas is 3.20 in Riverside CA
 

---

Posted by bond006 on :
 
I just heard that report of 4.08 from wealth and engry yesterday
 

---

Posted by MsKay on :
 
Wow down today. Who would've thought it? Just goes to show, pennies are completely unpredictable. If it comes on down, I may buy more today instead of Friday.
 

---

Posted by bond006 on :
 
I am buying more to if it gets to the right price
 

---

Posted by cactus33 on :
 
I just got a lot more. sitting at the 200 mva and the gaps been filled i think. this could be the time to buy and wait for good news.
 

---

Posted by MsKay on :
 
I've got an order in lower than the bid but it hasn't filled yet. We'll see how it goes this week. If we get news then I've missed the boat but if we don't get it this week I may still be filled.

K
 

---

Posted by cactus33 on :
 
Im thinking shares are cheap right now.. if they get big money thru mediation this thing could run to .04 easy.
 

---

Posted by rocked on :
 
well rumored 35+ in damages
 

---

Posted by MsKay on :
 
They are cheap and like I said earlier, if I wasn't already in, I'd go ahead and get in as low as I could right now. News could come out any day and run it up out of sight. I am going to buy more on the dips if there are any.
 

---

Posted by MsKay on :
 
The 36 million in damages is not a rumor, it is what OMOG is asking for in cash damages in their lawsuit in addition to leases, wells, etc.
 

---

Posted by IWISHIHAD on :
 
The ups and downs do not mean much to me right now because i am holding, but i still think this was oversold last week and i think the mm's are still getting shares back thats why i have not been anxious for a pr. I do hope we get a update on the possible sale of the property to CSUA although i do not think it makes that much difference.
 

---

Posted by cactus33 on :
 
Im predicting that it stays above the 200 mva of .0082.
 

---

Posted by ANR on :
 
im in at .0083 hope this rocks
 

---

Posted by MsKay on :
 
While we are waiting, I've recently bought into DMDD and just posted a new topic to hopefully discuss it with other investors. If any of you are already in DMDD or want to share your DD, please see that topic.
 

---

Posted by cactus33 on :
 
could OMOG go to .10 if they get 30 million plus..
i know it couldnt happen overnight, but maybe over a couple months if they win and put out a huge pr. any opinions?
 

---

Posted by MsKay on :
 
I think it will soar if they get that much, who knows how high. That is the question of the day isn't it. We are all very secure that they will get SOMETHING but how much? That makes all the difference between a huge increase to .03-.05 or an unprecedented increase to .1 or higher. I've seen plenty of stocks with no assets at all reach a dime so I've no doubt if they get these assets and Adam Barnett continues as he has been, with the prices of oil, we could be sitting on pure gold here. I just like to be conservative (see my previous posts). In my opinion, worst case scenario would be only increasing to .015 or so. Even if that happens most of us will double or triple our investment and that's fine with me. No need to be greedy.
 

---

Posted by MsKay on :
 
Every energy, oil & gas, and minining stock that I am currently reviewing went down today.
 

---

Posted by GVMOORE on :
 
Held well today. Looking for a up tic till
fri without news. No flag poles please. Slow
steady and strong for a long time. Have a
good one and good night to all.
 

---

Posted by bond006 on :
 
I feel that ups and downs unless very radical really don't mean much here I am buying more .tomorrow. I have finished my dd and I believe like the rest of you even if they get half of what they want it will be a gold mine IMHO. Look at amep they produce almost nothing and they are at a dime. When the pressure is off and they announce there asetts whatch out.
 

---

Posted by MsKay on :
 
From ************* .. OMDA OIL & GAS INC
Our system posted a BUY-IF today. The previous SELL recommendation was issued on 04.05.2006 (19) days ago, when the stock price was 0.0057. Since then OMOG has gained 52.63% .
 

---

Posted by cactus33 on :
 
morning all, im thinking that we may se a little dip here early before the mm's let this run again. hopefully today is the day that we get some news.
 

---

Posted by MsKay on :
 
I expect it will be a few more weeks until we hear about the settlement; however, we could get news from the Panola deal and the dividend. Either way isn't bad, if it dips then I'll buy more. We won't have many more buying opportunities.
 

---

Posted by cactus33 on :
 
strong support at .0082
anything under .008 is probably a really good buy.
 

---

Posted by MsKay on :
 
I'm going to put an order in closer to lunchtime depending on what the price is. I'll let everyone know if I get a fill.
 

---

Posted by MsKay on :
 
I was just rereading the last shareholder letter where it says....ultimate result to
OMDA's shareholders will be considerably LARGER

In context:
Adam Barnett, Chairman stated, "Oftentimes when reaching this stage of a settlement, early
exuberance is tempered by reality; however, it now appears that the ultimate result to
OMDA's shareholders will be considerably LARGER in numbers of properties, cash flow and
discounted present value of reserves than originally anticipated at the time of filing of the original lawsuit."

If the settlement is CONSIDERABLY larger, we could really be sitting on a goldmine. It does happen to some people you know!
 

---

Posted by cactus33 on :
 
"If the settlement is CONSIDERABLY larger, we could really be sitting on a goldmine. It does happen to some people you know!"

thats why i was wondering if .10 was a possibility if everything played out perfect for omog. just lookking at NDOL and PAPO
 

---

Posted by MsKay on :
 
No fill below .008 today.
 

---

Posted by cactus33 on :
 
i did have a limit order in at .008..
but then jumped at the chance to get filled at .0082
im all loaded up again waiting for the next run.
I think mm's are getting cheap shares before they let it run again.
 

---

Posted by GVMOORE on :
 
Agree mm's collecting shares. Not if but when
it pops it's going to leave papo in the shade.
Make Amep look like a sick puppy. May run a
close 2rd to NDOL. Up 40% on FPPl today on no
news. Prob a pump and dump play. My pump for
the evening. Got to believe in something are
you will fall for anything. MsKay will pass
on your diamonds. That a girl thing. GLTA
 

---

Posted by MsKay on :
 
Any particular insight or DD regarding the diamonds GVMOORE? It is not a P&D as far as I can tell but maybe you have more info?
 

---

Posted by cactus33 on :
 
morning, mm's may dip a little early before they let this run. could be another good buying oppt. coming up.
 

---

Posted by cactus33 on :
 
ask was at .0067 for a sec.. mm games..
here come the manip. games
 

---

Posted by rocked on :
 
im getting annoyed with this stock...they need to release the pr the upside is nice but man this is redicilous
 

---

Posted by cactus33 on :
 

quote:

---

Originally posted by rocked:
im getting annoyed with this stock...they need to release the pr the upside is nice but man this is redicilous

---

how long have you owned this? i owned this for months and was annoyed when it was .004..
im far from annoyed right now. They cant launch a pr they dont have yet...
patience anyone????
 

---

Posted by rocked on :
 
lol months...
 

---

Posted by bond006 on :
 
Good Morning all I had an order in yesterday at .0083 only got a partial 50000. shares I was at work so I don't know how the stock traded but it closed at .008 oh well glad I got that. looking for friday as another chance. GLTA I think we are but 60 days away from some good returns maybe sooner
 

---

Posted by MsKay on :
 
Believe it or not,it will go higher if it takes longer. We want a long slow rise and then a shot up when the PR is released. If they released it now, it wouldn't go up as high. Right before they release it, it will go up because insiders will have the news before us. Then once it is out, it will take a huge leap.
 

---

Posted by bond006 on :
 
I am with you on that MsKay I have seen these things go before when we get a slow steady rise that usally means the insiders are buying before the news
 

---

Posted by MsKay on :
 
Yes, right now everybody who knows anything WANTS it to come down so they can buy more before the news comes out. Look at the volume. I'm going to put in low orders every day this week but if they don't fill, on Friday, I am going to add more for sure if I can.
 

---

Posted by bond006 on :
 
better get an other order in I want to be sitting on a pile of this when the news hits
 

---

Posted by rocked on :
 
bought more at .0078
 

---

Posted by MsKay on :
 
I have an order in for .0069. I'll let everyone know if it fills.
 

---

Posted by rocked on :
 
lets hope it doesn't lol
 

---

Posted by MsKay on :
 
I know what you mean! It is going back up though so I'm not worried about that. It will settle out until either the next PR or some news leaks.
 

---

Posted by MsKay on :
 
Anyone have anything else interesting we can DD until a PR hits here...some kind of sleeper that isn't being P&D'd.
 

---

Posted by rocked on :
 
Yep i love this stock, more than NDOL actually..
 

---

Posted by ANR on :
 
Its being driven down this morning. showing .0076
 

---

Posted by rocked on :
 
this SUCKS
 

---

Posted by bond006 on :
 
got some more at 0077 see all of you tonite on my way to work
 

---

Posted by rocked on :
 
release some god damn PR OMOG! lol
 

---

Posted by jrh on :
 
If anyone wants to guess who has being manipulating OMOG, I would have to say it got to be Adam. In 2004, he had promised Corstrat there would be no more 504 in 2005, and Corstrat would help him to build OMOG to be a real oil business. However, he still went ahead and did a 504 which tanked the pps back down to 0.0038.
 

---

Posted by MsKay on :
 
Hmm, do we have our first basher jrh?
 

---

Posted by MsKay on :
 
If anyone is interested, what tanked the stock was the fact that a promising well did not pan out.
 

---

Posted by cactus33 on :
 
every thread deserves a basher lol
 

---

Posted by MsKay on :
 
Yeah! If it's not worth bashing, it's not worth having. We must be getting some attention.
 

---

Posted by jrh on :
 
I am not bashing it, it is the fact and i am quite disappointed, but still holding, just hope adam will not jump the ship before it goes to 3 or 5.
 

---

Posted by MsKay on :
 
Nothing to be disappointed about. This is just the normal daily swings that stocks take while waiting for PRs. We are still up 40% from two weeks ago. I think that is great!.
 

---

Posted by MsKay on :
 
Jrh, you must be Jim Holland that has been pumping this stock on alot of boards for the last year or so. Is that right?
 

---

Posted by cactus33 on :
 
Jr yea, brand new, what did you sign up today?
weird. welcome to the penny bb world.
 

---

Posted by cactus33 on :
 
i thought it would hold .008..
i think that we get a little run here late or we pop back tomorrow. mm's getting shares back after the last run. hopefully we get news soon.
 

---

Posted by MsKay on :
 
I don't know cactus, it may continue a slow slide down until we get more news. That's what alot of these do. Volume is huge though so I guess we will wait and see. Maybe we should let it slide until Friday, pickup some cheap shares, and then someone should call on Monday and see if we can get a little something from them.
 

---

Posted by jrh on :
 
who is jim holland? i only signed up recently. it seems people don't like to hear any negatives about anything. human nature, i guess.

well, let's hope omog will go back up to 3 again sooner than later.
 

---

Posted by cactus33 on :
 

quote:

---

Originally posted by jrh:
who is jim holland? i only signed up recently. it seems people don't like to hear any negatives about anything. human nature, i guess.

well, let's hope omog will go back up to 3 again sooner than later.

---

quote:

---

Originally posted by jrh:
"OMOG should be at .04-.06 on pure speculation"?
"...deserve to be hot sitting at 0.03"?

lol, should be, could be....unfortunately, Adam did a 504 again in 2005 and he has been selling into the momentum whenever possible. When the pr is out, only god knows how many more shares he is going to dump into the market. If he had not sold when the pps reached 0.006 and this time at 0.01, we could have seen 0.015 by now.

---

quote:

---

Originally posted by IWISHIHAD:
jrh,

Can you confirm that Adam sold shares this year at .006 and at .01 and how many shares did he sell? I really could not blame him if he sold off some shares, if he sold off a lot of shares we would be trading a lot more shares daily. I will ask them the next time i talk to them and see what they say. How many shares are you trying to buy and at what price?

---

quote:

---

Originally posted by IWISHIHAD:
There was never any news on that run, that's great imagine what some news will do. I sold a few of my shares also. Have a good night.

---

There was the shareholder newsletter informing us that a settlement had been reached. It was just not posted as a public PR yet. There has been no public PR that a settlement has been reached.
 

---

Posted by MsKay on :
 
Also, Authorized Shares have not increased at least since April of 2005 (see below as listed on pinksheets).

However, the outstanding shares did increase from 1.3 to 1.7. That is not dilution, that is using all the authorized shares.

Authorized Shares: 1,700,000,000 as of 2005-04-15

Again, not great but not fraud either.
 

---

Posted by cactus33 on :
 
this is almost funny watching this.. who's selling. hah
wonder where the bottom is here..
 

---

Posted by MsKay on :
 
If you go to the raging bull board you'll see alot of bashing there. Talk about a laugh.
 

---

Posted by MsKay on :
 
I'm just watching today. I'll buy tomorrow depending on how low it goes and/or if we get an update today it will go back up and I'll lose my chance again.
 

---

Posted by gnulnx on :
 
I'm with you MsKay. You never know how sharp a selloff will be. I am completely out of penny's since I closed TNOG yesterday. In fact the only open position I have now is a short against ZEUS...I got a very lucky fill on that this a.m. and am already up 4%.

Best to wait for an opportunity to present itself instead of trying to out guess the market.

Good luck everyone
 

---

Posted by MsKay on :
 
I'm holding OMOG, TNOG, DMDD, and a long slow climber PPHM and a few other bag holders that I didn't get rid of fast enough. I don't sell at a loss. If you hold it long enough, it comes back around. I know OMOG will run, I think TNOG will again soon. I'm just playing around with DMDD to see what happens. I'm long on PPHM. They have some good stuff.
 

---

Posted by IWISHIHAD on :
 
quote:
______________________________________________ Originally posted by Mskay:
There was the shareholder newsletter informing us that a settlement had been reached. It was just not posted as a public PR yet. There has been no public PR that a settlement has been reached.
________________________________________________
That shareholder letter was posted way before the big run, it could have been speculation on the finalizing but no one is sure.
 

---

Posted by MsKay on :
 
You are correct! I was thinking it came out after. We still have alot of ups and downs until the final settlement comes out.
 

---

Posted by MsKay on :
 
Don't forget alot of people have been holding since last October-November from the .004 range. They are taking profits probably, especially those who play flips. They know they can get back in again and flip it again because it goes up and back down.
 

---

Posted by rocked on :
 
depressing day lol
 

---

Posted by MsKay on :
 
Painful to watch. Of course now I have all of you to watch with me! LOL Before I was watching by myself!
 

---

Posted by gnulnx on :
 
I agree that OMOG and TNOG will both come back. I made a little profit on both, but I just get cold feet buying these stocks and holding them.

I guess the smart play with pennies is to buy when they are real low with no volume and sell when the public interest starts to pick up.
 

---

Posted by IWISHIHAD on :
 
Got a call back they are very encouraging i ask a lot of questions as usual, first CSUA deal is on back burner till the mediation is settled they are a small company without the man power to handle to many things at once so they have to use their time to help on settlement ---makes sense. The CSUA deal is still possible and a cash dividend could be part of it. They say that growing the company is very important and getting on to the big board and watching out for investors interest is also very important. I ask if the CEO was selling shares and he just laughed it appears all kinds of things are said about the CEO on different boards. He made a good point about getting properties back he stated that when you buy a car it always goes through a lot faster than when you buy property and with this deal there is so much property involved it is even taking longer than they realized. It sounds like there are quite a few pumping wells involved. If i think of anything else i will post it.
 

---

Posted by welk on :
 
I just backed up the truck at 0067, traderzzz!!!! GO! This one is due for a bounce imo.
 

---

Posted by MsKay on :
 
Good job welk! C'mon gnulnx, you know you want some of this action. Whatever it hits tomorrow around 10:00 will probably be the best price we are going to get. You never know, but that's my best guess.
 

---

Posted by welk on :
 
0061 x 0066 LMAO! MMs trying to see how big of a sucker they can find to sell at 0061 and trying to discourage buyers with the spread. Clear walk down to accumulate. When I tried buying at 0066 they immediately jumped the ask to 0069 on me. I had to be sneaky about my buy. This should pop hard soon imo. DYODD.
 

---

Posted by MsKay on :
 
Thanks for calling IWISH. I appreciate the info.
 

---

Posted by welk on :
 
0064, the terror tactics are out in full force. Look for a sharp reversal by the close. I suspect OMOG will touch 008 by tomorrow 4 pm.
 

---

Posted by rocked on :
 
f that, i wanna see .011 again lol or maybe 014
 

---

Posted by welk on :
 
baby steps, daniel san
 

---

Posted by rocked on :
 
im glad i got out of ndol
 

---

Posted by welk on :
 
NDOL money will start to flow in here, I suspect. This pullback was what folks like me needed in order to buy in.
 

---

Posted by rocked on :
 
yep...oil's hot today here comes the reversal1!!!!! YEE HAW!
 

---

Posted by welk on :
 
Heavy buying at 0066. Might see a close at 008 today in fact........

This one is a gimme, traderz!
 

---

Posted by rocked on :
 
lol hell yes, it's beautiful i see it comin, cmon baby, i just bought another 300,000 shares lol
 

---

Posted by MsKay on :
 
Wow. Look at the volume. I'm trying to wait until tomorrow but I may breakdown and buy today!!
 

---

Posted by welk on :
 
Heavy buying at 0067 now. Good luck getting in under 008 tomorrow imo. Might end the week back over a penny and if settlement news comes out, .02 pps.

Nice action now


 

---

Posted by MsKay on :
 
Probably good advice welk but I'm going to take my chances. I've rarely seen a Friday that didn't dip, at least a little. I don't think we will get settlement news for a couple of weeks yet. I'm already in for a small position so I'm waiting to see what happens tomorrow. Really any buy below .008 is a great deal.

K
 

---

Posted by rocked on :
 
im in over 1,000,000 shares now..
 

---

Posted by MsKay on :
 
Wow rocked! I wish I had those cojones.
 

---

Posted by rocked on :
 
if this kicks to .04 im buy that new e63 mercedes that's comin out lol
 

---

Posted by gnulnx on :
 
Brave souls you all are. I hope you are right tho. I am still waiting for the market to tell me the trend is up.

Here's what I am looking for. I nice strong run tomorrow...up perhaps 10-25%. If that happens I am all over this. Right now I am just sitting in one short position. Gotta a funny feeling in my stomach about the market right now.

Hey remember that the UN is meeting tommorrow about sanctions on IRAN.

MsKay, or others, how do you believe OMOG will act if there are/aren't sanctions?

Cheers
 

---

Posted by rocked on :
 
bad turn out, oils' goin to 100$ a barerl, good turnout , oil's goin to 90$ a barrel
 

---

Posted by welk on :
 
Look for a long tailed bullish candle today, which will cause a bull run tomorrow imo. GO baby!
 

---

Posted by rocked on :
 
agreed, im holding on, cause i see this running ?HARD..
 

---

Posted by MsKay on :
 
How many bull runs have you seen on a Friday welk? Just curious.

Gnulx, IMO since this is a penny stock and runs up and down on pure speculation at times, I think that the settlement news and/or Panola field news will affect it much more than sanctions. Oil is going up and not coming down, sanctions or no...like rocked said it's only a matter of how much.
 

---

Posted by rocked on :
 
yep...however, last friday was pretty damn nice
 

---

Posted by MsKay on :
 
Very nice rocked, didn't run but didn't really drop either. Today is what I expected last Friday.
 

---

Posted by MsKay on :
 
We only have a little longer gnulnx... you see how many people we are picking up each day. Word is creeping out.
 

---

Posted by rocked on :
 
well im either losing my ass, or getting a huge reward, god it's fun lol
 

---

Posted by rocked on :
 
here we go, reversal..
 

---

Posted by MsKay on :
 
Looks like you were right welk, it is turning around.
 

---

Posted by rocked on :
 
yea boys lol i bought into ISIS last week, it just got featured on CNBC up 25% lol
 

---

Posted by welk on :
 
0069 now. Look for a long tailed bullish reversal and a big day tomorrow. I have seen lots of big Fridays on the OTC.......
 

---

Posted by IWISHIHAD on :
 
It is always fun on the roller coaster, there is so many things i like about this stock, the one thing that is mentioned that seems to have been forgotten is that the CEO has a lot of shares and has a vested interest in this company other than just being CEO, and whatever we get he gets big time. A little good news would have kept it above .01 in this stocks case but i think we are going to get a lot of big news first, before we start getting the little news. Investors are not going to lose track of this stock any more, you can be sure if they have not gotten in its on their radar because they know as well as us this could be huge.
 

---

Posted by rocked on :
 
l2 ubss on the ask 69, this is going back to it's origin...
 

---

Posted by welk on :
 
0069 wall comin' down!
 

---

Posted by rocked on :
 
naa we wont close green today..
 

---

Posted by IWISHIHAD on :
 
My main reason for calling was when you see a drop in the pps. you always wonder if something went wrong, so i just really wanted to hear that everything is still on track for this company, which it is.
 

---

Posted by welk on :
 
0067 x 0068 MMs trying to hold her back.
 

---

Posted by rocked on :
 
31 mil traded though, she's still hot..
 

---

Posted by welk on :
 
I saw a controlled walk down today, which is partly why I bought in. Maybe big news soon......
 

---

Posted by rocked on :
 
that is true, that is very true, and we're done...god i hope news tomorrow level 2s look awesome for tomorrow, i see a big rush..
 

---

Posted by ANR on :
 
im expecting more of a walk down tomorrow also
 

---

Posted by IWISHIHAD on :
 
Maybe we should start a lottery to see who can guess when the pr. is going to come out.
 

---

Posted by MsKay on :
 
I pick May 31
 

---

Posted by MsKay on :
 
and I predict ~wild guess~ that we will be up to .015-.018 range just before the PR comes out regarding the settlement.
 

---

Posted by cactus33 on :
 
im surprised its this low. maybe a little panic selling there late. hopefully mm's baby step us back to .008
 

---

Posted by cactus33 on :
 
all these oil and gas stocks..and ethanol stocks ran hard last week and then all retreated. oil and gas isnt going away any time soon. I think the mm's were caught off guard that this many oil and gas penny's ran all at once. usually the oil and gas craze is only enjoyed on the big boards, for the most part. I think the mm's are just preparing themselves and getting ready for the next big run into the summer. the need for oil and gas will not go away. the need is insane right now. bernanke just said today that there's nothing that can be done in the short term to lower prices. ethanol will be needed to replace MTBE.. as well as oil.. soon natural gas will boom.. that will probably be in august. i dont want to pump, but i just bought back into NSOL, finally calmed down.. its bound to go bonkers thru the summer, they are pre-approved for a huge bond from NJ. a great comp. IMO..
Kay, i agree with the .016 guess, thats what i thought all along as we glide into the summer.
 

---

Posted by cactus33 on :
 
i noticed the thread out there asking where to put their money after NDOL.. so many people pelled all the profits out of these oil and gas stocks. now they are looking for something else thats moving and theres nothing. what else is moving right now. thats why i think these oil and gas stocks run hard again while people on the sidelines race in and chase. theres no where else to put your money right now IMO. ethanol oil and gas will still be strong and will bounce again after people take profits..
 

---

Posted by welk on :
 
I expect that this will test the upper area of today's candle tomorrow (high 007s to 008 range) morning. The volume dwindled for a few days and returned today and we have a long lower shadow as a result. I expect the bulls will put up a fight tomorrow. Today's long lower shadow is indicative of a pending reversal in sentiment from bearish to bullish again. I particularly like that the lower shadow is directly on the zig zag retrace line. Add in the fact that settlement news is expected and you might have folks buying in before the weekend so as to not be left out if the big Press Release hits. The technicals and fundamentals say we go higher tomorrow. Cheers!

Quite happy about my 0067 buy as I bought a very large amount at that price and just a few uts will make me a great profit.
 

---

Posted by cactus33 on :
 
welk... good to have you.. we are bound to see green thru the summer on this one IMO
 

---

Posted by welk on :
 
Thanks, cactus. I believe we will see some nice positive movement in the am. Love how the price trampolined off the old 0065 resistance, now support, today and put that long lower shadow on the candle.
 

---

Posted by bond006 on :
 
just another good chance to load up on more
 

---

Posted by DJH on :
 
http://biz.yahoo.com/iw/060428/0125775.html If this link does not work I'm sure you will find there is news.
 

---

Posted by bond006 on :
 
Friday , April 28, 2006 07:22 ET

HOUSTON, TX, Apr 28, 2006 (MARKET WIRE via COMTEX) -- OMDA Oil and Gas, Inc. (OTC: OMOG) announced today that it has approved and now filed a 4th amended pleading adding Black Dragon Resources (Black Dragon) as a defendant to its initial suit filed on March 29th 2005 seeking the declaratory judgment in the district court of Harris County, Texas, 215 Judicial District. The case was originally titled: OMDA OIL AND GAS, INC., OMDA OIL AND GAS MANAGEMENT, INC. AND OMDA OIL AND GAS SERVICES, INC. PLAINTIFFS vs. JOE LANZA, MORGAN WILBURN, III, AND RICHARD I MICHAEL, TRUSTEE OF "007 TRUST", MONTE ANDERSON, TOM NEELY AND DAVID TAYLOR, DEFENDANTS.

OMDA has been actively pursuing a settlement in the case since its initial mediation hearing was held on March 15th 2006. During these discussions, most issues not directly involving Black Dragon, were successfully resolved. It has now become apparent; however, that Black Dragon and its CEO Rick Michaels, along with other defendants related to the Black Dragon company, have been directly involved in the conspiracy of fraudulent conversion involving hundreds of oil and gas wells in Louisiana that rightfully belong to OMDA Oil & Gas, Inc. Although legal counsel for OMDA OIL & GAS, INC. is highly optimistic that the global settlement, which covers all parties and aspects, will come to a quick resolution, they now believe it to be a prudent and wise decision to add Black Dragon as an additional defendant in the unlikely event that trial becomes required.

The initial action was stated as follows: "PLAINTIFF'S ORIGINAL COMPLAINT FOR DECLARATORY JUDGMENT AND REQUEST FOR DISCLOSURES", but was subsequently amended to read: PLAINTIFFS' FIRST AMENDED COMPLAINT FOR BREACH OF FIDUCIARY DUTY, CANCELLATION OF INSTRUMENTS, CONSPIRACY, CONVERSION, EMBEZZLEMENT, FRAUD, MISAPPLICATION OF FUNDS, MISREPRESENTATION, NEGLIGENCE, NEGLIGENT MISREPRESENTATION, SECURITIES FRAUD, THEFT, THEFT OF CORPORATE OPPORTUNITY, TORTIOUS INTERFERENCE WITH CONTRACT, UNJUST ENRICHMENT, CLAIM TO INTERPLEADER, AND DECLARATORY JUDGMENT PLAINTIFFS' FIRST AMENDED COMPLAINT FOR BREACH OF FIDUCIARY DUTY, CANCELLATION OF INSTRUMENTS, CONSPIRACY, CONVERSION, EMBEZZLEMENT, FRAUD, MISAPPLICATION OF FUNDS, MISREPRESENTATION, NEGLIGENCE, NEGLIGENT MISREPRESENTATION, SECURITIES FRAUD, THEFT, TORTIOUS INTERFERENCE WITH CONTRACT, UNJUST ENRICHMENT, CLAIM TO INTERPLEADER, AND DECLARATORY JUDGMENT.

The Company is seeking return of assets along with actual cash damages to include but not limited to the following: a) Any and all actual damages of at least Thirty Six Million Five Hundred Thirty Thousand Two Hundred Sixty One Dollars and 10/100 cents ($36,530,261.10); b) Exemplary damages as determined by the trier of fact; c) Declaratory Judgment that Plaintiff, Omda Oil and Gas, Inc., is the sole shareholder of Omda Oil And Gas Management, Inc., a Texas Corporation; d) Declaratory Judgment that Plaintiff, Omda Oil and Gas, Inc., is the sole shareholder of Omda Oil And Gas Services, Inc., a Texas Corporation; e) Declaratory Judgment that Plaintiff, Omda Oil and Gas, Inc., is the sole shareholder of SHWJ Oil And Gas Co., Inc., a Texas Corporation; f) Declaratory Judgment that Plaintiff, Omda Oil and Gas, Inc., either directly or by and through its wholly owned subsidiary, Omda Oil And Gas Management, Inc., is the owner of those certain 314 leases set forth on the consolidated financial statement submitted to Barnett on or about July 9, 2003.

OMDA has not yet decided to add the most recent pleading to is website, but should the decision be made to do so, a follow-up press release will give the address.

Adam Barnett, Chairman, stated, "I realize that any legal undertaking is an arduous task, and everyone at OMDA has expended much effort in this endeavor over the last year. I am extremely pleased with our joint mediation on March 15th 2006, and I do believe it is in the best interest of our company to resolve these matters through some type of settlement agreement. Having said this; however, we will only finalize an agreement that is both extremely beneficial to our shareholders and that takes into consideration a large amount of the assets that were unjustly taken by former management. We feel the addition of Black Dragon to the list of defendants will only help ensure a favorable outcome if we find it necessary to proceed to trial."

About OMDA Oil and Gas, Inc.

OMDA Oil and Gas, Inc. and its wholly owned subsidiaries, OMDA Oil & Gas Management, Inc. and Texas OMDA Drilling & Operating, Inc. and OMDA Oil & Gas, Inc. (Texas), are in the business of oil and gas production and lease acquisition. Currently, the Company owns average participation interests approaching 47%, in 355 producing and non-producing oil and gas wells in Louisiana and Texas, as well as well as a 75% working interest in an 1,116 acre, horizontal play in the Panola Field, Panola County, Texas. Current acreage interests include a Carried back-in working interest of at least 7.5% up to 37.5% in a 12 well work over play in the Concorde Dome Field in Andersen County, TX, and is currently partnered up with Young Oil Corp., the largest Oil and Gas producer in Tennessee on 46,000 acres in North Central Tennessee, with an initial 20% interest in a six well program and a first right of refusal on any other prospects on the Young leases.

This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

Contact:
OMDA Oil and Gas, Inc.
Investor Relations
800-621-0113
IR*omogoil.com www.omogoil.com

SOURCE: OMDA Oil and Gas Inc.

mailto:IR*omogoil.com
http://www.omogoil.com

Copyright 2006 Market Wire, All rights reserved
 

---

Posted by bond006 on :
 
I am adding again today picked up more yesterday at.007 and I think this is a bargain and the gamble of the suite is worth the risk.IMHO
 

---

Posted by welk on :
 
Bond, you will have to add at higher prices because this is very good news imo. This should force a quicker settlement. Essentially, OMOG just called BDGR's bluff. Plus, do you think BDGR wants its shareholders to hear more accusations about its management, etc, in court? I think not. Pay up time perhaps, is closer than the longs realize......
 

---

Posted by DJH on :
 
Looks like Black Dragon is getting an independant audit for 04/05 Hmmmm.
 

---

Posted by bond006 on :
 
You guys have a better understanding of this but I agree just coming aboard but it looks like good leverage to omog that just may well force a settlement and stop some stone walling. And in any case will add a lot of strength to there position
 

---

Posted by bond006 on :
 
welk I hope I do have higher prices today I would rather be averaging up than down sounds silly but that is when I have made my best returns
 

---

Posted by DJH on :
 
Don't see why it would drop.
 

---

Posted by welk on :
 
Ask just ut to 0075. MMs going to gap her open
 

---

Posted by welk on :
 
Bid just ut to 0073
 

---

Posted by welk on :
 
0074 x 0075. She's running. Back over a penny today? Thoughts, traders?
 

---

Posted by welk on :
 
LOL! We have premarket volume at 0074 x 0075 on a pink! Love it!
 

---

Posted by bond006 on :
 
good for us I have to work today but I hope I come home and see green!!!!!!!!!!!!!!!!
 

---

Posted by DJH on :
 
Next resistance looks like .0083
 

---

Posted by cactus33 on :
 
nice call welk
 

---

Posted by rocked on :
 
i said this would run too..
 

---

Posted by bond006 on :
 
You certainly did rocked you called it to.
 

---

Posted by rocked on :
 
clickity clank clickity clank money goes into my piggy bank, oh man, up so much today i love it!!!

resistance at 85...
 

---

Posted by cactus33 on :
 
ok rocked, if it makes you feel better.. good job lol
looks like peple dont want to be left on the sidelines if news comes
 

---

Posted by rocked on :
 
lol thanks cactus, naa i was just breakin balls, 85 wall just came down...lets see 1 penny..
 

---

Posted by welk on :
 
Thanks, cactus. Hope you make great bank here
 

---

Posted by cactus33 on :
 
whoaaa we do have news... i just saw that.. yeahhh .. thanks adam.. we needed that
 

---

Posted by rocked on :
 
****in we need buyers to get away from the evil MMS lol
 

---

Posted by cactus33 on :
 
im making a big penny mistake,, im loving this comp.. GO ADAM !!!!!!!
 

---

Posted by rocked on :
 
L2s look really good if we can break this well...**** cmon people BUY
 

---

Posted by rocked on :
 
there goes that dream......wtf everyone's selling..i like 21 million in volume by 10 lol
 

---

Posted by DJH on :
 
First shake...Daytraders?
 

---

Posted by rocked on :
 
satan himself....UBSS
 

---

Posted by cactus33 on :
 
yepp mm hell.. cmon RUNNNN BABY
 

---

Posted by cactus33 on :
 
papo is runnin too.. so is nsol
oil ang gas starting to pop again?
 

---

Posted by rocked on :
 
we have to break 8
 

---

Posted by MsKay on :
 
Wow! and good morning to all of you. A bull run on a Friday welk...you called it! This is so great!
 

---

Posted by MsKay on :
 
I should have bought yesterday with welk!
 

---

Posted by bond006 on :
 
I bought yesterday and we will have another chance this a good news but not the news that will make this soar it reinforces a lot of things
 

---

Posted by rocked on :
 
and it fizzles out
 

---

Posted by cactus33 on :
 
probably be up and down and maybe a decent eod run
 

---

Posted by MsKay on :
 
Lots of volume still. I can't imagine who would sell low on this news but apparently some do.
 

---

Posted by rocked on :
 
yea me either, 34 million
 

---

Posted by cactus33 on :
 
day traders probably
 

---

Posted by MsKay on :
 
34 million in day traders? You mean bought yesterday at .0068 and selling today?
 

---

Posted by MsKay on :
 
I feel like they wasted that PR. It would have done so much better if they'd waited until Monday to put it out.
 

---

Posted by rocked on :
 
yep i feel ike they did too, but i think they should put out another one, saying, we just wanted to reaffirm everything lol

and all you stock holders...we're raising the price to 3.00$ a share...and are being bought out by Exxon haha
 

---

Posted by rocked on :
 
MMs have this one by the effin balls..
 

---

Posted by MsKay on :
 
It will be interesting to see if we run up or down at EOD.
 

---

Posted by rocked on :
 
lets hope up...
 

---

Posted by MsKay on :
 
Up, up, and up again!
 

---

Posted by cactus33 on :
 
yep, 34 mill in day traders, not all of it. but day traders sit and flip a stock at every dip and turn setting new limit orders at every buy making a of of money small bits at a time. thats why the pps dropped late. day traders cant hold an equity over night.

check this part of the pr..

OMDA has been actively pursuing a settlement in the case since its initial mediation hearing was held on March 15th 2006. During these discussions, most issues not directly involving Black Dragon, were successfully resolved. It has now become apparent; however, that Black Dragon and its CEO Rick Michaels, along with other defendants related to the Black Dragon company, have been directly involved in the conspiracy of fraudulent conversion involving hundreds of oil and gas wells in Louisiana that rightfully belong to OMDA Oil & Gas

check the "most issues resolved" except black dragon. looks like a lot is agreed upon, excluding black dragon. Looks to me like this is a pressure tactic to make people pay up. hehehe adams just going from one person to another suing their arsss off. its great for us shareholders and bad for black dragon. this may allow the settlement to proceed quicker if black dragon can be sued seperately or disconnected in some way. these lawyers will go after anyone if theirs money at the finish line. i like what im seeing here. theres nothing more intimidating than a team of high powered lawyers breathing down your neck.

a lot of money to be made here...

Just my opinion
 

---

Posted by IWISHIHAD on :
 
They uncovered those stones and found enough their to bring them into the lawsuit. I think this is why they did not finish it up yet, my guess is when they did all those title searches they felt they had them. The nice part of this thing is you can always settle with several of the parties or all of them, but i think it is very important to name them in your intial suit. Have any of you looked how many wells that Black Dragon has this thing looks better and better. Investors can flip this stock but for me this is taking to much of a chance now because i think this stock is going to be huge and catching it under .04-.05 will be tough once their is an inkling of a settlement pr. I guess they never know what their going to find when they flipped all those rocks over(title search). This really ties those other companies up when they have law suit like this pending, this is just my opinion.
 

---

Posted by cactus33 on :
 
wish totally agree.... i cant wait for the next shareholder picnic meeting in texas.. im thinking that its gonna be a good time..

a DANG good time....... hehehhhee
 

---

Posted by cactus33 on :
 
could this run to .68 in a year.. hahahhhaa

im thinking positive after some drinks..
nothing will stop adam and his merry band of greedy lawyers..

we will get PAID IN FULL.... if the cards play out well
 

---

Posted by cactus33 on :
 
Adam barnett the next jerry jones? the cowboys owner.. he was a young oil guy that started from scratch.... look at him now...
 

---

Posted by IWISHIHAD on :
 
Omog is looking at a lot of oil wells coming back and a cash, i can not even imagine after throwing Black Dragon into the picture. I would guess they had pretty good evidence before they added them to the suit. The next question would be what are they going to do with all these oil properties since they really want to grow the business. I would say you sell some for cash and shares in other companies like the pending CSUA deal because there would be to many to work on for one semi small oil company over a year or two.
 

---

Posted by cactus33 on :
 
Im guessing black dragon dudes are sleeping less hours tonight.. adams like tony montana lately with these lawyers.. he's got a high quality team of lawyers that are out for blood. imagine a team of lawyers working for a year, without getting paid... PLEASE... the payday is waiting and adam is grinding his teeth to finish this and get on with oil business. shareholders have been questioning him about this for over a year..
he's gonna deliver IMO
 

---

Posted by IWISHIHAD on :
 
cactus33,

You hit it right on the head in that statement. You know these lawyers were not going to risk a sure thing(closing on the settlement) to add another party unless they felt it was a real good case against them(Black Dragon) and a lot more money to reclaim. We want our pps. to go way up but nothing compared to how bad the lawyers want their millions, this is just another hugh plus for us also.
 

---

Posted by cactus33 on :
 
yep, its looking obvious that adam was completely screwed over along with OMDA.. he is naming names, and not more than one. am i wrong but i dont think that you can directly accuse people of things unless they were convicted of the crime or you admitted to it on paper. its slander if you dont have proof.. looks to me like adam has proof and he is trying to feed the investors all he can b/c he believes in this company. OMOG still is unknown in a way.. the darkhorse in the derby. Im gonna watch this unfold and enjoy. Im gonna stick my head out here on a log and predict a settlement excluding black dragon by wednesday next week.

watch out for nsol.. up almost 20% today.. they will be a major ethanol player in the future.
 

---

Posted by cactus33 on :
 
bottom line.. a team of respected lawyers will never... EVER... work for a cut of the winnings only.. unless they knew they were gonna win...
it's a lock
 

---

Posted by bond006 on :
 
I was doubtful of the suite in the begining but as i did more research I became a believer and I think that we will cook. Just waiting now will buy on any dip I can afford to.
 

---

Posted by cactus33 on :
 

quote:

---

Originally posted by bond006:
I was doubtful of the suite in the begining but as i did more research I became a believer and I think that we will cook. Just waiting now will buy on any dip I can afford to.

---

quote:

---

Originally posted by IWISHIHAD:
Rbreb13,

I am glad you posted their symbol i could not get it to come up when i was looking for the company i was curious what they were trading for(1.50 pps.) this will really hurt them until they get it settled, interesting.

---

quote:

---

Originally posted by IWISHIHAD:
I would not want to be holding BDGR stock right now at 1.50 pps. i feel sorry for the investors until they reach an agreement with OMOG. and you know that means giving up a lot of their oil properties.


.

---

I wish... so true.. their at a 1.50 pps... whoaaaaaaa... deep pockets... deep pockets....
yeppp...
 

---

Posted by IWISHIHAD on :
 
They also had a price target issued for the next 12-18 months of 4.00 and they got 2 million in financing for some of their restricted stock, it will be interesting to watch for pr. on their site since they do quiet a few pr's, it seems they will have to respond to their investors quickly at least you would think so.
 

---

Posted by cactus33 on :
 
thanks for the info iwish..
 

---

Posted by bond006 on :
 

 

---

Posted by bond006 on :
 
A repost from IHUB


Its out ********************.com OMOG new price target $0.035 look

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We feel this stock pick is very UNDERVALUED!
This Company is a SLEEPING GIANT ready to be AWOKEN.


$$ HOT PICK OF THE WEEK $$

Stock Alert! = OMDA Oil and Gas, Inc.
Ticker Symbol = OMOG
Sector: Basic Materials
Industry: Oil & Gas Drilling & Exploration
Website = www.omogoil.com
Short Term Target Price = $0.035
Disclosure = We Own Shares
Recommendation = MEGA BONUS BUY !!!


Information To Consider

1.OMDA Oil and Gas, Inc. is an oil and gas production and lease acquisition company. Currently the Company owns participation interests in 355 oil and gas wells in Louisiana and Texas. Of the Company's 35 leases, 16 currently have at least one producing well with an aggregate of over 100 currently producing wells.

2.OMDA Oil and Gas, Inc. Announces Filing 4th Amended Petition Adding Black Dragon Resources as a Defendant in Its Mulit-Million Dollar Fraud Lawsuit Against Former Management.

3. OMDA Oil and Gas, Inc. Signs Letter of Intent to Sell Panola County Lease

4.OMDA Oil and Gas, Inc. Announces Participation in 3 Well Drilling Project.
 

---

Posted by usasail on :
 
If you truly want to be or consider yourself a long you need to read all of this guys post's on the RB board. If you want a short hop you may want to do it quickly....read on Garth .

"By: tchauncy
01 May 2006, 08:22 AM EDT
Msg. 1217 of 1228
(This msg. is a reply to 1215 by ajor1.)
Jump to msg. #
ajor- You are so wrong. I am the one who first convinced Barnett to bring this lawsuit against Lanza, Michael et.al. I am also the one who found the original law firm who was willing to and did bring the action, but only after I personally compiled reams of evidence against former management misdeeds against their OMOG shareholders. I am and have been since April of '04 one of the largest shareholders of OMOG who has bought every one of my shares in the open market and at the current price I am still sitting on a loss of just under a half million dollars. I have not asked for, and though offered, have rejected any compensation for all the work I have done for OMOG. My compensation will come, and IMO, come large by my shares appreciating in value after the assets that Lanza et. al. stole from the company are repatriated.


With that said, as a former Merrill Lynch Oil and Gas Investment Banker, and later the President of a Houston based Stock Brokerage firm that specialized in Oil and Gas, from the mid seventies to the late eighties, I can assure you that I have forgotten ten times more about oil and gas then Barnett currently knows and five times more then either Michaels or Lanza ever knew about the legitimate oil business.

I can assure you that Barnett is not the one holding up this settlement. In fact, IMO, it is probably his offers of accommodation to BDGR in this settlement that has dragged this on. IMO, he has been disgustingly accommodating and it is this show of weakness that has given a mixed signal to BDGR crooked crew into thinking they might be able to stonewall this.

Plain and simple. If you look at the history of this suit, you will note that it was originally only filed in it first pleading as a Declaratory action having to do with a bogus convertible preferred stock that Lanza, Michael, et. al. tried to convert in late '04 along with some 300 plus stripper wells in Caddo Parish that seemed to be illegally converted. If Lanza and Michael would have been smart they would have settled at that time. (Just like Clinton would have been best served had he settled the first sexual harassment suit brought against him) But no, they bet that Barnett and OMOG would not be able to find or afford a legal team to "play the hand out".

Only after initial interrogatories and interviews, did OMOG's initial legal counsel realize that the scope of this misappropriation against OMOG and it shareholders was much, much larger both in properties, and illegalities, then originally thought. Michaels apparently thought that through his "legal contacts", and early funds raised by selling BDGR stock, that he was going to hire a "silk stocking" law firm to "bury" OMOG's counsel in paperwork and minutia and financially force OMOG to drop the suit. Giving credit where credit is due, Barnett did agree with our initial counsel that it was time we brought in our own silk stocking team who could match hour for hour, but with the advantage of having the facts on OMOG's side, the work that needed to be done. The longer this dragged on, the more assets that rightfully belong to OMOG have been discovered, and the more illegalities have been uncovered.

What is truly amazing is that at the time of the bringing of the original Declaratory Action, BDGR appears to really have been clean of this thing. That is why they were not named early on in this suit. Only Rick Michaels because he was the Trustee for the Lanza Familily trust. It was only after the first two petitions were filed that Lanza convinced Michaels to take some 300 wells that he converted from OMOG into his other companies, into BDGR, which brought BDGR right into the heart of this. Pretty brazen, don't you think?

Now before you give me the BS that Lanza felt he could "take back" the wells because OMOG "didn't pay for them". Rest assured, that is not true. The wells currently in BDGR, were originally bought from Woolridge Production Company (a then Lanza controlled company) by OMOG, then controlled by Lanza and publicly announced in April of '03. The terms of the acquisition were that the wells would be paid for out of cash flow and some cash. The wells did fully pay for themselves from cash flow. But also during the period from June of '02 (when Lanze reverse split OMOG 1:1,000) to Sept. of '03, when Barnett took control, Lanza increased the total OMOG shares outstanding from 3 million to 900 million and raised between one and two million dollars on the backs of OMOG shareholders who thought they owned the wells in question along with other wells that Lanza later spirited out. Since the original purchase price of these wells were for some $600,000, if they weren't paid for, whose fault would that be?

None of this is "inside info". It is all in the lawsuit. And it is all irrefutably true, or else you can bet Lanza and BDGR would not have requested settlement. The settlement request was their idea, not OMOG's. I have personally felt all along and still do feel we should go to court and fully disclose to the public what bandits these guys and gals really are. But I am just one voice, and at least for now, a minority voice.

BTW, I have seen the BDGR added language, just as anyone who want to spend .08 a page from pacer can. I can assure you, that you as a BDGR supporter and shareholder do not want OMOG to put the amended petition in plain and easy view for all to see. I suspect that this will settle in a matter of days, not weeks, but if I am lucky, I may be wrong. "
 

---

Posted by IWISHIHAD on :
 
usasail,

Thanks for the post interesting stuff they can make this into a movie.
 

---

Posted by usasail on :
 
Jeez tell me about it....what a saga.
 

---

Posted by bond006 on :
 
We are getting attention from a lot of places and becoming the talk of the town
 

---

Posted by MsKay on :
 
Morning everyone. I have to go to a meeting all morning but I'll check back at lunch. I expect to see .01 when I get back!! LOL!
 

---

Posted by IWISHIHAD on :
 
Bottom line there could be a lot of properties and cash headed OMOG's way.
 

---

Posted by Rbreb13 on :
 
All I can say is WOW. I didn't know all that stuff.
Settlement is in Lanza/Michaels best interest. If this goes to court they could see serious jail time and fines!
 

---

Posted by bond006 on :
 
we have been holding pretty steady any good news and away we go
 

---

Posted by cactus33 on :
 
those southend pickers are the ster geeks under a different alias im pretty sure. cant stand those pump and dumps. good thing they lost the ster name. no one seems to pay attention to these south end loser pump and dumps. they can destroy a stock after they dump it
 

---

Posted by cactus33 on :
 
yep, usasail.. it gets hotter by the minute here in omog land and you learn something new everyday..

i figured that we would be sittin here until news. right around the 200 mva
 

---

Posted by MsKay on :
 
Well 8% isn't bad I guess. We are still up double this time last month. Any predictions for the week?
 

---

Posted by IWISHIHAD on :
 
This stock is doing good today compared to most others, there are not many good longer term holds than this one with the upside being so great, the oil stocks seem to be doing better in general than most other stocks, we just have to wait for the news that's the hardest part.
 

---

Posted by MsKay on :
 
Waiting is alot easier now that it is going up, up, up every day!!
 

---

Posted by gnulnx on :
 
Back in!
 

---

Posted by IWISHIHAD on :
 
Jumping around in different stocks right now is hard to do so i am looking for a few more solid stocks, and try and find a couple of flip stocks(not easy). The market is kind of quiet right now, that is why i like this stock it has the big upside, look at the oil stocks that have run in the last two weeeks this has that potential.
 

---

Posted by cactus33 on :
 
yep, its just a waiting game right now, im guessing we stay around .0082 until news. never know though, speculation buying could run it up to .01
 

---

Posted by IWISHIHAD on :
 
I think it going to get harder and harder to buy shares one reason being there is not a lot of investments with a possible high return like OMOG and two the possibility that a pr. could come at any time we will have to see.
 

---

Posted by MsKay on :
 
Looks like we are shaking out the last few lower end sales for a while. Look at it going up and down and such low volume. That tells me that we have only a few sellers and alot of people trying to get in!
 

---

Posted by gnulnx on :
 
It took my order 30 minutes to get filled at the ask of .0082. So I thnink MsKay's assesment is probably true.
 

---

Posted by IWISHIHAD on :
 
Seems like the mm's are playing games with this stock and many others must be the slower market that can change quickly or they are picking up shares, this ones been staying in that range all morning like they are getting some of the cheeper shares.
 

---

Posted by gnulnx on :
 
sorry for jinxing the stock guy's!!

lol
 

---

Posted by IWISHIHAD on :
 
gnulnx,

It fine just some small bumps sit back an enjoy the ride.
 

---

Posted by MsKay on :
 
I really think we will see this sit in this range until some news "leaks" then we will see a sharp rise "for no reason" and then the news will come out and sky rocket it up. That's my opinion FWIW. If it drops down below .007 again, I'm not going to miss it this time.
 

---

Posted by IWISHIHAD on :
 
I agree, it would be nice to have some other news first but do not see that happening since they are so involved with this settlement.
 

---

Posted by IWISHIHAD on :
 
MM's just playing games with this right now this to me is actually a good sign, i thought that BDGR would come out with a pr. today.
 

---

Posted by laintbad on :
 
Is BDGR a good buy or not?
 

---

Posted by IWISHIHAD on :
 
I am suprised BDGR did not drop that much especially since the pink market was down in general investors may feel that losing a lot of wells will not effect it, maybe it is undervalued.
 

---

Posted by MsKay on :
 
AMERICAN BULLS posts BUY CONFIRMED for OMOG today.

From American Bulls website... Our system posted a BUY CONFIRMED today. The previous SELL recommendation was issued on 04.05.2006 (26) days ago, when the stock price was 0.0057. Since then OMOG has gained 40.35%.
 

---

Posted by gnulnx on :
 
Well I'm game to run with the bulls! :-)
 

---

Posted by gnulnx on :
 
OMOG up in pre-market! Maybe this is the day. We are overdue on this one.
 

---

Posted by MsKay on :
 
I think people are finally realizing that this is about to take off! Getting a BUY CONFIRMED from American Bulls helps too.
 

---

Posted by cactus33 on :
 
yep, looking real good. wish bdgr makes a lot of money. i was lookin at their revs and they look real strong
 

---

Posted by MsKay on :
 
Look at the volume already! That 100,000 sold premarket looks like somebody was trying to get a jump before prices go up today.
 

---

Posted by cactus33 on :
 
we are definately getting some attention.... .01 soon...
 

---

Posted by cactus33 on :
 
southendlosers may be dumping now.
looks like they did the same thing with ddsi.
cant stand these guys
 

---

Posted by cactus33 on :
 
wow.. look at pgpm..
i wish omog could do that.
 

---

Posted by rocked on :
 
it's comin back, i feel it..
 

---

Posted by MsKay on :
 
All my stocks are up!! OMOG is up and TNOG is up 30%!!!
 

---

Posted by gnulnx on :
 
MsKay...you are gonna laugh at me. I totally missed TNOG!!! AHHH. Thats ok OMOG is starting to run as well.

You shoul dbe having quite a good day. Look slike your patience has finally payed off. congrats!
 

---

Posted by cactus33 on :
 
here we go....
 

---

Posted by MsKay on :
 
OMG!!! Gnulnx, TNOG is up 116%. I know this is the wrong board but I'm so excited!!

Okay, back to OMOG....it will be doing this same thing in a few weeks.!
 

---

Posted by bond006 on :
 
nice to see a change just think if we get good news what will happen
 

---

Posted by MsKay on :
 
This thing will blow all our minds. You just watch.
 

---

Posted by cactus33 on :
 
nice one on tnog, i almost bought the other day too, oh well..
 

---

Posted by MsKay on :
 
I just sold 50K and covered my investment (just in case) but I'm holding the rest to see what happens. What a great feeling! This is why we do this!
 

---

Posted by gnulnx on :
 
Nice volume. up 16%. News must be leaking.
 

---

Posted by MsKay on :
 
I think we are going to break .01 today!
 

---

Posted by Chris4205 on :
 
Hi all,

I just purchased some shares. Do we anticipate some news today possibly?

Good luck to all.
 

---

Posted by cactus33 on :
 
dont know chris.. but we just jit .01

YYEEEEEEEAAAAAAAAAAAAAAAAAAAAAAAAA

now i want it to hold
 

---

Posted by MB on :
 
.01 nice...
 

---

Posted by cactus33 on :
 
I want a pgpm run

reallll bad..
bring on settlement news.. PLEASE
 

---

Posted by Chris4205 on :
 
Maybe settlement news is approaching!

 

---

Posted by bond006 on :
 
I think some thing might have leaked
 

---

Posted by dayton on :
 
I personally suggest to sell some and buy on dip this afternoon, but thats my opinion and what i did
 

---

Posted by jrh on :
 
OMOG should have been at around 0.015 by now. It is UBSS that has been keeping it down, down, down........ Who is behind UBSS? Here is one of the largest shareholders of OMOG has to say:
_____________________________

omogshareholders*yahoogroups.com
From: "stockimpaired" <greenleebs*aol.com> Add to Address Book Add Mobile Alert
Yahoo! DomainKeys has confirmed that this message was sent by yahoogroups.com. Learn more
Date: Tue, 02 May 2006 15:30:29 -0000

Subject: [omogshareholders] dang that UBSS is a weight around our neck.

Is that AB getting one more stab into us shareholders before the settlement news hits? He must really need money bad.


stock
 

---

Posted by cactus33 on :
 
so true, mm's will not let this run EVIL *******S...
every time it does this they walk it down and scare shares outta people.
 

---

Posted by gnulnx on :
 
If you have been waiting to buy OMOG then right now might very well be your best opportunity. We crossed .01 earlier. Taking a breather right now. I expect this to close above .01 and possible news in the next day or two about the settlment.

Of course I am speculating so take what I say lightly.

Cheers
 

---

Posted by dpaul3 on :
 
roller coaster rides are always fun!
 

---

Posted by MsKay on :
 
Upticking again!
 

---

Posted by IWISHIHAD on :
 
I do not think the mm's are going to way over sell this one i think they are affraid if news pops this will to and it would cost the mm's to much money. Oil stocks are looking good especially the one's that are under priced like OMOG. We all know oil prices are not going to come down over the summer that is unfortunate for us that drive but good for oil stocks.
 

---

Posted by jrh on :
 
If Lanza was still in charge of OMOG with those 300+ wells up runing, the pps might have been a lot higher than 0.015. Now, the shareholders have to wait for the settlement of a lawsuit to make a buck. such a high oil price doesn't make a damn difference to OMOG. Plus, AB has kept killing the up running momentum of the pps whenever possible, what a pity!

Lanza is behind BDGR, look at what BDGR has been doing in the past one year. People say Lanza is a crook, I would say they are both crooks and just happened to be on the oppossite sides.
 

---

Posted by cactus33 on :
 
mm's finding that people arent selling. im guessing that there arent a lot of shareholders that own this. looks like
very few own a lot of shares. what about the guy down a half million. wonder how many shares he owns. walk it upp mm's we arent selling until we hit .05
this things gonna explode with news.... bring it on
i want our own little pgpm run....
 

---

Posted by MsKay on :
 

quote:

---

Originally posted by jrh:
If Lanza was still in charge of OMOG with those 300+ wells up runing, the pps might have been a lot higher than 0.015. Now, the shareholders have to wait for the settlement of a lawsuit to make a buck. such a high oil price doesn't make a damn difference to OMOG. Plus, AB has kept killing the up running momentum of the pps whenever possible, what a pity!

Lanza is behind BDGR, look at what BDGR has been doing in the past one year. People say Lanza is a crook, I would say they are both crooks and just happened to be on the oppossite sides.

---

quote:

---

Originally posted by dayton:
I sold half my lot and will be hoping to get in after sell off Fri. I like this movement but it was too close to the pump site ad for me to think its anything else but that plus we had a jump like this earlier with a pullback. If im wrong and they release a settlement pr that would really suck for me, but I had to get some free cash to play these other oil plays. Whats yalls opinion on release of settlement pr, personally i think a week or two.

---

quote:

---

Originally posted by dayton:
im liking efcr, im hoping itll take off before this one and i can get back in for more.

---

quote:

---

Originally posted by dayton:
cactus not trying to push efcr but the last couple prs were good, and today fppl ran out of the blue... just momo. Im thinking oil is a good play right now and omog one of the best, but momentum will do only so much with this one imo because everyone is waiting for the settlement news. I might be wrong been so before, either way ill be happy whenever this one takes off

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quote:

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Originally posted by bond006:
Re post from R/B


By: rickotto1nj
02 May 2006, 11:17 PM EDT
Msg. 228442 of 228442
Jump to msg. #
just went and counted..about 20 million of the 95 million shares that traded hands today traded in the last 30 minutes or so of the day..from 330pm to 4pm close..... this was almost exclusively UP VOLUME....i say it again..tomorrow morning could be huge...market makers will need to open this up much higher in order to aquire some shares...remember they will sell shares they dont have, then the following morning they must entice sellers, so they gap it up to get you to release your shares , they buy them and fill up their inventories again..

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quote:

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Originally posted by rimasco:
OH ITS GOING......

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quote:

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Originally posted by rimasco:
lift UBASS!!!!!!

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quote:

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Originally posted by logical buyer:
Ouch!

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quote:

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Originally posted by cactus33:

quote:

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Originally posted by logical buyer:
Ouch!

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did you step on a tack???

jrh... whatever.. yea, the easy way out is to sue someone for a year taking a massive risk on a team of lawyers fighting for what is deservedly his.. yea.. real easy. thats a walk in the park.

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Posted by cactus33 on :
 
its just typical of this stock. same thing happened last time it went on a run. i dont anticipate the drop like last time though.
 

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Posted by logical buyer on :
 
Good buy point now?
 

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Posted by MB on :
 
just bought more at .0104
 

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Posted by cactus33 on :
 
I'd wait a little.... not sure how many people are in on this now for a quick buck. mm's like to yo yo this thing around..
 

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Posted by logical buyer on :
 
wow, down big to .0092.
 

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Posted by cactus33 on :
 
alright now i'll say it

OUCH

lol... looks to me like a little panicking here.
 

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Posted by captain america on :
 
crap!
 

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Posted by gnulnx on :
 
Cactus...I think we are all in it for a quick buck!! Some of us however will take a slow buck as well.

I'm holding this one. I got scared out last time it did this. This time I stay'ing the course. If it gets below .007 I am gonna buy more.
 

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Posted by logical buyer on :
 
I just averaged down. I bought at .0106 and .0095.
 

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Posted by Gary59 on :
 
Little mid morning shake ,,kinda sucks
 

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Posted by logical buyer on :
 
All oil stocks are down on the big boards today, due to the inventory levels being higher than expected. Oil plays may be quiet for a few days.
 

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Posted by Gary59 on :
 
Wouldnt mind a close at that fat finger .0161 though..
 

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Posted by Hold-em-er-fold-em on :
 
Well how do you pick up cheap shares?

You shake the tree real hard and watch the loose fruit fall!
 

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Posted by cactus33 on :
 
coming back now..
just mm's fillin the gap probably and shaking people.. anyones guess.
Fist, you are in Iraq? wow...
good luck over there !!
 

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Posted by Hold-em-er-fold-em on :
 
Looks like we settled down for lunch anyway!

Might have to be a liquid lunch after that morning!
 

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Posted by FIST13F on :
 
Ya thanks cactus, this place aint no joke. but only 37 days left. Al Anbar province between Ramadi and Fallujah were they really love Saddam and hate us. I got in at .011 i hope this thing gets right. I play the pennies as recreation, all we have is the internet so why not.
 

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Posted by cactus33 on :
 

quote:

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Originally posted by FIST13F:
Ya thanks cactus, this place aint no joke. but only 37 days left. Al Anbar province between Ramadi and Fallujah were they really love Saddam and hate us. I got in at .011 i hope this thing gets right. I play the pennies as recreation, all we have is the internet so why not.

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quote:

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Originally posted by DQ.:
It must be nice to get to sit in front of the computer. I bought at .0118 and came back by to see that I did fill and now I'm plenty red. Oh well, this one has legs.

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Don't worry about it, I got in the same as you and i'm red now also. I'm not to worried about it long term though!
 

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Posted by logical buyer on :
 
Legs are gone today for sure. L2's don't look good for an EOD run.
 

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Posted by gnulnx on :
 
Hey but this is down on light volume this afternoon. L2's don't really mean all that much. There could be some bigger players waiting for the shake out to finish. IMHO
 

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Posted by cactus33 on :
 
i dont wanna sound repetitive about the down south guys, but they are probably dumping right now. hence big vol and low pps. if we can hang on thru the down south dump and some mm shaking we will be on solid ground by friday. hopefully it will be around .0095 waiting for news.. dont really want to go back to .007's again.
 

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Posted by gnulnx on :
 
They are dumping pretty low volume. I think most of the early buyers are still in.
 

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Posted by gnulnx on :
 
Ok i'm at a loss on this one. Largest daily volume in a over a year. Yet the sells have been very small volume? I guess this was a pump and dump yesterday. Well if we clear all the people from yesterday out then we should be back around 0.085.

Well...easy come easy go.

Sigh.
 

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Posted by logical buyer on :
 
It is supposed to be an EOD run, not fall. .0090.
 

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Posted by cactus33 on :
 
wow mm's shaking HARD for the sell-off. people are panicking...
 

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Posted by logical buyer on :
 
True day traders don't hold over night. Selling out.
 

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Posted by logical buyer on :
 
This should be the bottom. Might climb some now.
 

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Posted by Chad on :
 
thats great news to here...so after all the hype talk yesterday, now im hearing we'll hopefully be at .01 by Friday...
I thought this might have been a 50-100% gainer in a week with the oil plays. guess not.
Hopefully it can get back to .011 so I dont take a big loss.
 

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Posted by cactus33 on :
 
it can be a 50 to 100% gainer. it was twice in the past month almost.. you could still get your 100% easy with news. we are all waiting for a settlement.
 

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Posted by Cabbie Mark on :
 
My first post. drum roll...

Been watching the site for weeks and finally decided to get my feet wet.

All in at .0125 earlier this morning. Nice move Mark )

Nowhere to go but up...lol...(hopefully)
 

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Posted by gnulnx on :
 
Chad this stock did gain 70% in 1 week. Hold tight buddy it is a good play. Just some old money taking profits today.

Hey Cabbie not that it will make you feel any better, but I am down 35% on AURC since yesterday!!!

worst 2 trading days I have every had: yesterday...today.

Remember this game is all about maintaining control of your emotions. If you bet big you have to be able to loose big....now if I can just convince myself of what I just said!!!

Cheers
 

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Posted by cactus33 on :
 
not a bad finish to the day though in that could of been worse. a lot of people pulled money out of this with a profit to go play other oil runners. OMOG got beat up a little bit today, but it could of been worse. it was sitting at .007 last week. its all patience and gambling that they have a settlement coming thru mediation. Cabby,if you have the funds, i'd hold, i think this goes to .016 mid summer regardless of news. just my best guess though. Cabby if you are new just look around for stock chart sites and learn how to read them. It helped me out. good luck
 

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Posted by Cabbie Mark on :
 
Tks gnulnx and cactus...appreciate that:)

I went all end on this one, so I'm perfectly happy to sit and wait if need be.

I expected better than .016 by summer however. Might just get out at the even point if that's the case.

Peace...Mark
 

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Posted by tonicma on :
 
Actually, Oil is down $2 today, so oil stocks works the same way.

but than again we all know this is just consolidation for oil and will break $80 before this month ends.
 

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Posted by skipdeez on :
 

quote:

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Originally posted by gnulnx:
Chad this stock did gain 70% in 1 week. Hold tight buddy it is a good play. Just some old money taking profits today.

Hey Cabbie not that it will make you feel any better, but I am down 35% on AURC since yesterday!!!

worst 2 trading days I have every had: yesterday...today.

Remember this game is all about maintaining control of your emotions. If you bet big you have to be able to loose big....now if I can just convince myself of what I just said!!!

Cheers

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quote:

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Originally posted by Chad:
Sorry guys, just having bad month. Nothing seems to be going right. I just wanna have that day I can ride a stock with everyone.
the way PGPM(maybe not that much. lol), FLLP, TWOG, or few others have done last couple days.
I really need a 100% or close to recoup losses this past month.

I guess I need to be patient. Just want something I buy to go up....perhpas Im jinxed. lol

heres to good rest of week.

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quote:

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Originally posted by dkinvest:

quote:

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Originally posted by Chad:
Sorry guys, just having bad month. Nothing seems to be going right. I just wanna have that day I can ride a stock with everyone.
the way PGPM(maybe not that much. lol), FLLP, TWOG, or few others have done last couple days.
I really need a 100% or close to recoup losses this past month.

I guess I need to be patient. Just want something I buy to go up....perhpas Im jinxed. lol

heres to good rest of week.

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I know exactly what you are talking about...if you could only see my portfolio chart for the last month - it is unbelievable. Hang in there.

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dk, your PAIM shares will be rewarded. Worry not.
 

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Posted by Chad on :
 
thx MB, apprecaite words. I learned about chasing, also about unsettled funds. Patience, Im trying. lol
Exactly how does a limit stop work, I have idea, but not for sure.
my guess is when a stock it gng up an du buy at say 10 and its up to 20 and u say to stop sell at 15??
 

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Posted by MB on :
 
I put in a stop loss at 15-20% loss from initial investment then move it up as price increases depending on what I see but I NEVER ever lose move than 20% of initial investment. If it stops me out so be it. Sometimes I buy, it drops 20% and stops me out then recovers and I will buy back in. (that sucks) but more times than not it saves me from big 50% + losses. Once something goes up 30% from my initial investment I move my stop up to my initial entry price at 100% gain (if I feel lucky and want to ride it higher I will move my stop up to 50% gain from initial investment. etc...

Like I said I miss out on some runners but there is always another runner. I save myself from the big loss which wiped me out the first time. My mistake was that I hit it big in my first few trades and got cocky. My account read 50k + in the first few months and then there was MLON. UGH.
 

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Posted by bond006 on :
 
Thing held up better today than I thought they would and I was very impressed with the volume. See you all later just a game of waiting now
 

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Posted by cactus33 on :
 
i agree... down 8.5% isnt the end of the world. it ran 50% last week. I loved the bounceback late in the day.. looks to me like mm's were shaking. who knows what tomorrow will bring..
 

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Posted by DQ. on :
 
I'm surprised this fell today...I mean, this whole run has been with no news. I figured news was coming out today. Oh well I made money in it before but now I'm down a bit. I am expecting to see this at .05 after the law suit PR is out.
Fingers crossed and waiting.GLTA!
 

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Posted by cactus33 on :
 
kay, wish... you just watching this? i doubt i can hold down the fort tomorrow all alone...
lol

chart still loooks ok.... we'll see how the penny forces treat this tomorrow
 

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Posted by IWISHIHAD on :
 
Lot of games being played but in the end it creeps up. For the investors waiting to jump in just before news it is harder and harder, about the time investors start thinking it is just a small run that is when it will be the real insiders buying prior to the pr. it is like playimg Russian Roulette.
 

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Posted by cactus33 on :
 
thanks wish.. we needed a rational head in here. chart looks good to me still. macd looks right on track for a gain. more and more questions arise about black dragon on other bb's. last time we were this high rsi was in low 80's now its in low 60's.. looks like mm's filling the gap. plus people chased other oil pennies all day long, i even tried but couldnt get filled. i wouldnt be surprised to see it up in the morning since it had strength late in the day. there is just know way im selling out b/c if the settlement news is announced and i'm on the sidelines then i'll never forgive myself. been waiting for months now..
 

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Posted by bond006 on :
 
I hear you cactus let the idiots run there big mouths it will be them chaseing that is why most of us are in now and put up with all the crap because we don't have a crystal ball if we did we would buy an hour before the run and get rich every time all I can say is we are close
 

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Posted by cactus33 on :
 
hahahaha so true bond... I hope adam launches that settlement, and yep.. let the chase begin.
im not sure where it goes tomorrow morning. i feel a little better that it rebounded late. a pr came last friday, maybe one will come again. i do think adam cares about investors..
 

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Posted by IWISHIHAD on :
 
For me it has been a real easy decision to stay in this stock i could jump out with some more of my profits and play something else, but i do not see anything out there right now that has this type of potential return i wish i did. I have not had any reason to date to change my mind and if i did i would post it, even if the settlement changed to a court date, which i really do not think will happen, i am sure the CEO. wants it settled quickly, law suits are no fun no matter what side your on, OMOG has a strong base. Remember when they announced that CSUA deal, this stock started to get interest from investors at that point, then the settlement news came out, this thing would have run on just the CSUA deal which is pending, there is a possible dividend involved in that deal. I actually think that the settlement news hurt the stock in some ways because to much emphasis is put on it and not there current assets.
 

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Posted by cactus33 on :
 
i agree wish, just no way im selling now. too much potential. I have thought this way since january and think i am making the right decision. any pink is a gamble, heck.. life is a gamble. I'll put my chips on OMOG and let it ride. I will be at the next shareholder picnic. memorial day weekend would be perfect.. not too hot. and if we can get a settlement then, brats on me... and I'll deliver a keg. hehehehe
 

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Posted by MsKay on :
 
Sorry Cactus. I had meetings all day and didn't even check email yesterday. Didn't even get to look all day! It was killing me! I know the retrace is disappointing to some of you who've just jumped on but only a month ago this stock was at .004 so it is still way, way up and has a long way up yet to go. I don't expect settlement news for a few more weeks yet, just MHO. This will pop up and down until we get more news. Like cactus said, it is the nature of pennies. Since this stock has more than doubled in a month, some people will take profits who have been holding a while. Profits are why we are all here so you can't blame them for that. It is a pattern that all "running" pennies follow. Spike up, people start to sell to make profits, it comes back down, spike up again, more people sell, etc. etc. You have investors in at every level along the way so while I could have already made profit by selling, some of you are in the red right now. When this stock doubles again, some of you will decide to sell and take profits. The prospects for this stock have not changed since one month ago when it started to go up. It will continue to go up and retrace some until we get news one way or the other. All just my opinion of course. I'll be out most of the day again darn it!
 

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Posted by Cabbie Mark on :
 
Good Morning fellow OMOGgers )

Cross your fingers and have a killer day mates.
 

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Posted by usasail on :
 
Here's a good read for more info on suit.
BDGR RB board

By: tchauncy
04 May 2006, 08:42 AM EDT
Msg. 1307 of 1308
(This msg. is a reply to 1292 by ajor1.)
Jump to msg. #
Ajor1-Excellent Questions. Let me attempt to answer each IMO. Better sit back with a bottle of your favorite. This is going to be a long response.

"Q-tchauncy, but if you felt the lawsuit was over exaggerated you would not so easily settle if you were BDGR, would you? If those in the know really thought OMOG would win something great, don't you think OMOG would sell for more than $0.01? Then again, OMOG is likely to have a reverse split at some point."

A-If I were BDGR and I felt the suit was "Over-exaggerated" AND I felt there was a solid chance of winning, I probably wouldn't even enter into any settlement talks. I would file a counter-suit and ask for Summary Judgement and sanctions. They have done none of the above. The stock market is a fickle place. Many stocks trade for much more, or much less than what they are worth. As anyone who has followed all my earlier post can testify, back when I was an unpaid consultant to the Company, I was strongly suggesting both to Barnett and on the OMOG RB board that the company DO a reverse split. Barnett has been against that all along. Back in those early days, I suspect he could have gotten a shareholder approval for one if he wanted it, because he, I and a few of our large shareholder friends could have mustered up a 51% vote. Since those days two years ago, before we discovered that Lanza et. al. absconded with all our assets, a couple of fundings had to be done to both fight to get our assets back, to begin new drilling and to acquire drilling assets. Because of this the share count had to be increased considerably making it very unlikely that current shareholders would vote for a Reverse Split until we have a very strong audited cash flow and asset base. OMOG is a Delaware Corp which requires a shareholder vote of over 50% to authorize a reverse split. So, no, IMO, a reverse split is unlikely for some time to come.

"Q-Has Adam B from OMOG continually disappointed? Don't you think he will continue to do so?"

A. Barnett, as most CEO's has had his strong points and his weak points. But in all fairness to him, he has stuck this out, and should be given credit for that. He has never claimed to be an expert in Oil and Gas and has told the OMOG shareholder on many occasions that after the suit is won, and we have our asset base back, he will turn over the Managerial reins to Oil and Gas professionals, I and many long time shareholders have taken him at his word and expect that to be soon happening.

"Q-How many more OMOG shares will have to be issued because of this delay in settlement?"

A-An easy answer. NONE. As has been mentioned many times, the current capitalization is at the "Authorized" limit of 1.7 billion shares. Again, under Delaware law, a shareholder proxy vote, or at least shareholder notification if 51% can be mustered up by insiders, is required to increase the Authorized shares. Something that would have to precede any increase in shares.

"Your comment-Many are chasing OMOG in hopes that some value might be found. I don't like gambling. I like investing in winners and those who have proven themselves. BDGR has been doing what they said they would do, although about seven months more slowly, and OMOG continues to disappoint. "

My Reponse- Get a grip man! How on earth can you be so sure that you are betting on Winners? Just because the put out PR's? You want to see PR's, Here, look at PR's I put on the next post (I had to put it on the next post because RB keeps screwing up the link), pay particular attention to all the ones that were put up prior to Sept. '03 before Barnett took over with the stock price at "no bid-.0001 offered."

"Your Comment-Past performance is often an indicator of future performance. In my opinion, Adam B is a trouble maker and essentially tricked control out of the Lanza's control. He wanted a War with the Lanzas, and now he appears to have one. Now he has control of OMOG without the clean assets he hoped to have gotten. The assets BDGR has are not cleanly OMOGs. OMOG can not take the good without the bad, or prove what was theirs and what was not."

My Response- Do you have any idea how he "tricked" Lanza in getting control? No? I didn't think so. Yes, in a way he did. But ALL the public shareholders were rewarded by his "trick". As I said above, the stock was trading at "no-bid, .0001" offered in Sept. '03 when Barnett "tricked" Lanza. That is after the stock had dropped from a reverse split adjusted $9 a share in June of '02. (Great 15 month Performance, don't you agree?) While the stock was trading at "no bid- .0001 offered, Lanza place a half billion shares with a Reg. D, 504 investor to sell into the Market. Barnett, found out who the firm was who was starting to sell the shares into the open market, and was able to buy directly some 400 million shares. This is how he took control. The stock has been nothing but up from at least that price since.

BTW, do you know why Lanza et. al. were willing to do this funding at such a low price? Surprise ! Because they didn't own any Common shares. They sold all theirs before the that offering. Now, you may wonder why they didn't care about this mega-dilution at such a low price? We did too, until it all came out in the lawsuit. They secretly kept a convertible preferred stock that had an anti-dilution clause that they could exercise and covert into common shares and get back control of the Company "whenever they wanted". Now here is the "last laugh" to the rest of the public shareholders.

They kept that preferred stock "so secret" that they forgot to register it with the State of Delaware back in 1998 when they created it. Something that had to be done while they still had control of the Company. It is this Preferred that was the Genesis of the current lawsuit. Remember in my post the other day that this suit started as a simple Declaratory Judgement suit? Well the original suit was brought because the dummies tried to convert those shares in late 2004 by presenting them at OMOG's Corporate Offices in Houston. Luckily, we had and still have a brilliant corporate counsel who shares the Houston Office, and didn't just take the documents at face value, but researched and quickly realized that the Preferred was never properly registered. They still insisted on collecting, so he brought the original suit which has now uncovered multi-millions of dollars in additional skullduggery. You know which "dummy" presented the largest amount of these bogus preferred? None other than you illustrious CEO Rick Michaels, as trustee for the Lanza Family trust. Luckily, for us OMOG shareholders, the scammers turned out to be "the gang that couldn't shoot straight". BTW, this issue is now past. The Judge in this case agreed with the State of Delaware that the Convert is bogus, so out the window went their last chance to win this suit, ergo the now settlement talks.

"Your comment-BDGR continues to inch upwards. Audited financials are on their way for BDGR, a listing on the AMEX will be likely if things continue as they have been for the last year."

My Response- I encourage you to go back and really do read those old OMDA PR's during the Lanza reign. I think you will also see comments about Audits, and yes, even the AMEX
 

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Posted by usasail on :
 
Hmmm BDGR going precious metals in 2 wks time.....Bahh LOL. Maybe 2 weeks is all OMOG needs to catch BDGR trying to escape....ha.

Savoy Resources Corp to sell interest in China joint venture reports on negotiations for Yukon property

May 02, 2006 (M2 EQUITYBITES via COMTEX) -- Savoy Resources Corp (OTC Bulletin Board: SVYRE), a precious metals and mineral exploration and mining company, reported on 1 May that it has agreed to sell its 40% interest in Heilongjiang Savoy Minerals Co Ltd to Black Dragon Resources Ltd.
Heilongjiang Savoy Minerals is a joint venture with the First Institute of Geological Exploration of Heilongjiang Province, China, and was established in June 2004. Savoy Resources has contributed to the joint venture USD1m of a total of USD3.5m in capital contributions required through to 31 December 2006.

Savoy Resources has received the initial USD50,000 payment from Black Dragon Resources and will receive an additional USD200,000 at closing. The company said it anticipates that the sale will close within the next two weeks.

In other news Savoy Resources' management is in advanced negotiations with a closely-held, Canadian company for the acquisition of a property with proven gold reserves located in the Yukon Territory in northwestern Canada. The purchase would not involve any cash outlay, the company said.
 

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Posted by cactus33 on :
 
mm's doing their best to drag this down. seems like it wants to hold though. typical omog trading
 

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Posted by IWISHIHAD on :
 
USASAIL,

Very informative post thanks. Has anyone seen any posts on how BDGR investors feel about the law suit against the company?
 

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Posted by dayton on :
 
well luckily it looks like I played this one right. Ill be looking to get back in tomm, but man this flipping business is bad for your nerves... at work I keep thinking I might of missed the boat. I did that on fppl last week. Oh well still another day to wait
 

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Posted by cactus33 on :
 
wish.... I saw the mod on another board, bdgr BB, going on how BDGR is going great by not saying anything about the case. whatever, not talking makes them look more guilty IMO. yep, people over there are bringing it up concerned that if they lose, bdgr pps will suffer. a lot of them dumped bdgr and went to omog. lol
 

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Posted by gnulnx on :
 
Cactus BDGR is having a hell of a day? Could this be bad news for us?
 

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Posted by cactus33 on :
 
bdgr makes a lot of money.. the case hasnt affected their pps at all.. yet
 

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Posted by usasail on :
 
don't ya fret Skywalkah'...small volume with this little drop. Longs will rock soon.
 

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Posted by logical buyer on :
 
Low volume today.
 

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Posted by logical buyer on :
 
Who would sell at these levels? Idiots.
 

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Posted by cactus33 on :
 
yep. low vol always kills this pps. typical trading with this stock. everyone loses patience within a day, sells and then buys back in after a big run and wonders why they lost money. if enough people wanna panic, i'll gladly keep buying around .007...
 

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Posted by cactus33 on :
 
ha, look at this shake... what a joke.. come to daddy cheap shares..
 

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Posted by logical buyer on :
 
People should start buying now.
 

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Posted by Cabbie Mark on :
 
arg..thought yesterday was depressing...
 

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Posted by cactus33 on :
 
cabbie you may want to avg down now at some point. Just IMO. thats what i did last run.. you are seeing a perfect shake right now. I have a limit order at .0078...
 

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Posted by Cabbie Mark on :
 
Sounds like a good idea. I'm right behind ya
 

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Posted by cactus33 on :
 
im still thinking .0082, which is the 200 mva will hold. said it for weeks and its been holding. it dipped below that briefly last week, but popped back to it right away.
just my best guess.
 

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Posted by IWISHIHAD on :
 
It is not just OMOG it is the penny market in general that is down, that can change very quickly.
It is a good time to buy the right stocks in pennyland.
 

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Posted by IWISHIHAD on :
 
Pretty quiet day after the big rush.
 

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Posted by christine on :
 
I was in at .0124 yesterday. I'm not having beginners luck with any of my picks for my first couple weeks. CACTUS - What does "200 mva will hold" mean?
 

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Posted by IWISHIHAD on :
 
quote:
_________________________________________________Originally posted by usasail:

They kept that preferred stock "so secret" that they forgot to register it with the State of Delaware back in 1998 when they created it. Something that had to be done while they still had control of the Company. It is this Preferred that was the Genesis of the current lawsuit. Remember in my post the other day that this suit started as a simple Declaratory Judgement suit? Well the original suit was brought because the dummies tried to convert those shares in late 2004 by presenting them at OMOG's Corporate Offices in Houston. Luckily, we had and still have a brilliant corporate counsel who shares the Houston Office, and didn't just take the documents at face value, but researched and quickly realized that the Preferred was never properly registered. They still insisted on collecting, so he brought the original suit which has now uncovered multi-millions of dollars in additional skullduggery. You know which "dummy" presented the largest amount of these bogus preferred? None other than you illustrious CEO Rick Michaels, as trustee for the Lanza Family trust. Luckily, for us OMOG shareholders, the scammers turned out to be "the gang that couldn't shoot straight". BTW, this issue is now past. The Judge in this case agreed with the State of Delaware that the Convert is bogus, so out the window went their last chance to win this suit, ergo the now settlement talks.
_________________________________________________
You made my day reading this part i just laughed and thought they felt they had all their bases covered.
 

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Posted by bond006 on :
 
Thanks Iwish you have done a great job od dd on this stock now we let this bare furitation and reap the harvest God I hate to wait
 

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Posted by shomethamoney on :
 
Does anyone have any thoughts of where our price would be looking to go to if a settlement should go through?
 

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Posted by rocked on :
 
this has been posted, allot, between 03 and 06 depending on value..
 

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Posted by netfreak on :
 
That is if there is a settlement!!! If there would be a settlement when would this happen???
 

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Posted by MsKay on :
 
Go back to page 1 of this thread netfreak. If you read all the DD, you'll answer your own question.
 

---

Posted by logical buyer on :
 
I hope oil is up on the big boards today. Oil stocks have been hammered the last 1 1/2 trading days.
 

---

Posted by Gary59 on :
 
I hope so too got in at .011 few days back when it looked like it would run
 

---

Posted by Gary59 on :
 
Looks like its picking up a little l2s looking better now

UBSS 0.0086 5000 09:54
NITE 0.009 10000 05/04
SBSH 0.009 5000 09:54
MURF 0.0092 5000 05/04
 

---

Posted by Gary59 on :
 
Picking up steam now

NITE 0.009 10000 05/04
SBSH 0.009 5000 09:54
MURF 0.0092 5000 05/04
TDCM 0.0092 5000 09:52
JEFF 0.0095 5000 05/03
 

---

Posted by Hold-em-er-fold-em on :
 
looking good here this morninig!
 

---

Posted by Gary59 on :
 
Keeps headin up ,, hope it is todays runner,,
MURF 0.0092 5000 05/04
TDCM 0.0092 5000 10:00
SBSH 0.0092 5000 10:01
JEFF 0.0095 5000 05/03
UBSS 0.0095 5000 10:01
VNDM 0.0098 5000 09:25
HILL 0.01 5000 05/04
 

---

Posted by Cabbie Mark on :
 
thanks for the stats Gary....keep em coming

Go baby!!
 

---

Posted by Gary59 on :
 
Just a few more .0092 s to get through then

MURF 0.0092 5000 05/04
SBSH 0.0092 5000 10:01
TDCM 0.0094 5000 10:03
JEFF 0.0095 5000 05/03
UBSS 0.0095 5000 10:05
VNDM 0.0098 5000 09:25
Might break the .01 today would be nice
 

---

Posted by Gary59 on :
 
.0094 s lined up

MURF 0.0093 5000 10:09
TDCM 0.0094 5000 10:03
SBSH 0.0094 5000 10:09
JEFF 0.0095 5000 05/03
UBSS 0.0095 5000 10:09
VNDM 0.0098 5000 09:25
 

---

Posted by Gary59 on :
 
Hey +14.815% looking good this morning
 

---

Posted by gnulnx on :
 
Looking good so far. Don't be suprised if we test the 20 MVA around .008 tho.
 

---

Posted by Cabbie Mark on :
 
gnulnx: for this rookie please explain what is meant by "test the 20 MVA". Thanks
 

---

Posted by Gary59 on :
 
Trading slowed a little and gap is a little more than normal .009 x .0093 slowed it down a bit ,, might pick up though,, someone just sold a few
 

---

Posted by gnulnx on :
 
Cabbie: MVA = Moving average.

When we talk about 20 MVA what we are saying is the 20 day moving average. This is basically the average closing price of the last 20 days.

Take a look at this OMOG chart and notice the center blue line. That is the 20 MVA. The red one below it is the 30 MVA.

http://stockcharts.com/h-sc/ui?s=OMOG&p=D&b=5&g=0&id=p18703725519


You can often times make good buy/sell descision based on Moving averages. A lot of technical anaylsis is based around this types of averages.

Technically I thing OMOG looks Awsome. It just may be a little bumpy. But I think next time we cross .01 we stay there. Most of the old money bag holders are gone....I hope!!
 

---

Posted by ohio_trader on :
 
OMOG,PBLS,and FPPL are great oil plays .......

great opportunity to baord all 3 !!!!!!


***do your homework***
 

---

Posted by Cabbie Mark on :
 
Clear as a bell gnulnx. Thanks for the explanation. I learn something new everyday

Up Up and away!
 

---

Posted by Gary59 on :
 
Mid morning lull it looks like tradeing slowed on all im watching now
 

---

Posted by gnulnx on :
 
I hear ya gary. Nothing seems to be moving. I hate the market when it comes to a dead still. Freaks me out a little! lol
 

---

Posted by bond006 on :
 
Good morning all just a line from work can't stay long looks like a friday feels like a friday so I guess its a friday. glta maybe next week will be news
 

---

Posted by MsKay on :
 
Well as many months as I looked at .004, looking at these prices makes me very, very happy. It has doubled and has stayed there and it will go up even more as the settlements proceed. Also, we have alot of other things on the back burner that will start back up once the settlement is over. Even if I sell some to take profits once we jump up to .03-.05 range, I'll still keep some shares just to see what will happen with this company.
 

---

Posted by logical buyer on :
 
NEWS RELEASE FROM THE ASSOCIATED PRESS!

IRAN COULD DRIVE OIL TO $120/ BARREL!
 

---

Posted by logical buyer on :
 
Nice buying level again.
 

---

Posted by gnulnx on :
 
I agree. It would be nice to see a couple of million dollar buy's print before close.
 

---

Posted by gnulnx on :
 
Hey thanks for the million share prints.

Mind doing a couple of more?
 

---

Posted by logical buyer on :
 
Looks like a nice EOD.
 

---

Posted by MB on :
 
I like the close. looks good for next week. strong base here.
 

---

Posted by cactus33 on :
 
whats up all, i was offline all day because my computers hard drive buckled. it sucked, couldnt trade. went and got a laptop with dsl, the whole nine yards. hopefully omog will help me pay for all this . lol

im just now looking at the trading day.. looks good. nice bounceback. looks like a new mva may occur. still waiting for the news, Im being patient.
Iwish, nice info....

happy cinco da mayonaise everyone
 

---

Posted by GVMOORE on :
 
Made myself cash in FPPL for A 6.33 bagger.
Adding to the OMOG boat. Has to sail soon
IMHO. GLTA
 

---

Posted by cactus33 on :
 
I am noticing that very few oil and gas stocks with this much potential are under .01.. looking at tnog's run friday , i think this follows and goes over a penny monday. i am looking around for energy subpennies and am not finding much. im gonna triple down i think if this goes anywhere near .008 in the morning. to sell this right now,does not make sense to me. im thinking we see a pr this week, looking back at the pr schedule. i do wish we get settlement news and we can put out oil barrel projections and cash. notice what happened with ndol, put out oil barrel projections. that seems to make the market go nuts. like i said before, I doubt a team of high powered lawyers will work for a year without a payday at the finish line. OMOG lawyers are not paid by the hour or any other way, only from a cut of the prospective and future winnings. i always remind myself of this when i grow impatient. sorry, just dont think these lawyers would put that much time on this w/o a payday. all of these court actions are public access btw.. and are as real as the ground we walk on.
 

---

Posted by IWISHIHAD on :
 
Cactus33,

I have to agree with you i was really suprised that they added another party to this suit when it was pretty well done with. It seems like that in big money cases like this that lawyers usually try and get you to settle as fast as possible especially when all the risk is really theirs (contingent) they must of had some mighty strong evidence not to take their cash and run. As i have said before i would like to see OMOG release a pr. on the regular part of the business but unfortunately with a small business all your time gets tied up in the settlement when it is this close to being resolved, as investors this is the hard part.
 

---

Posted by cactus33 on :
 
omog #6 most requested company at pink sheets. Looks like people are keeping their eyes on this.
 

---

Posted by worldfamous on :
 
I am glad I got in on this early (last month) because when it takes off there is no stopping it.
 

---

Posted by cactus33 on :
 
that was a good time to get in famous. i remember when this sat at .0048 for months and even went to .0038 for a while. im thinking tomorrow should be decent. If it goes anywhere near .0082 Im gonna buy heavy again. Im thinking that there is a good chance we see a pr next week, regardless if its settled or not.
 

---

Posted by Teno on :
 
ma20 about to cross the ma200, that could be a good sign!
 

---

Posted by cactus33 on :
 
some things im seeing around other bb's and bdgr. i think the heat is turning up and investors want some answers. i think that last petition made some people look for answers. black dragon just sounds evil doesnt it, kind of like a creature that adam must slay, or "black dragon" sounds like the bad guys in bruce lee movies. hahah

heres one guys post, very common questioning these crooks now.


IS this true.

By: .......
05 May 2006, 02:55 PM EDT
Msg. 1358 of 1369
(This msg. is a reply to 1354 by.)
Jump to msg. #
"Fat, Imagine an BDGR as a NYSE stock. Could the Lanza's ever do that?"

No actually he couldn't. As a convicted felon the Nyse, the
Nasd, the Amex and even the BB would not allow him to be
involved in a public company. That's why he uses front men.
fAt

House of cards when does it come down.


and check this guy..i think this guy works for black dragon.. i like how adam is the criminal, and he stole OMOG.... hahhaah, right....

I like this part... give me a break.. now adam is a raider.. hahhaha.. I pray that adam kills these guys in mediation... just waiting and praying. these black dragon guys are PO'ing me off now. heh.
heres one part of it that i thought was amusing..

"As for OMOG, it will continue to disappoint. Why? Because everything OMOG has or was is no longer at OMOG. Thanks to very shrewd management which kept it out of the raider's hands."

here's the full post from this dragon pumper..


Fat, you have been wrong so far, why should we listen to you? How much are you down on OMOG? You and I both know that OMOG lost its assets when Adam B tried to essentially steal control of OMOG. But OMOG's old management was not to be scammed so easily. Those convertible preferreds weren't counted on by that theif. Nor did he realize how hard it would be to steal control of the assets along with the company.

Don't give me your sob story for OMOG and its, IMO, theiving shareholders. Everything that OMOG has, or will have a chance to gain back, was put together from BDGR's current management. Everything you praise OMOG for was the result of the current management of BDGR. BDGR management is now continuing to build up assets just like the assets OMOG now so covets. Few of BDGR's current assets consist of disputed assets.

You can act like BDGR management will dupe its current shareholders, but the truth is that without Adam, OMOG might be selling in the teens already. Too bad for you Fat. You are on the losing team, again.

Fat, you twist the truth constantly. I believe I have been given a talent, and it has been to ferret out truth twisters such as yourself. Or maybe you are just decieved.

We'll let the future reveal who is right. BDGR will get audited financials and it will get listed. If it does not, then you are right.

As for OMOG, it will continue to disappoint. Why? Because everything OMOG has or was is no longer at OMOG. Thanks to very shrewd management which kept it out of the raider's hands.

Good luck trying to get anything back. I hope you can even keep your Placer Dome settlement together for if it is found that you don't get even BDGR's properities, you will lose that as well.

You better settle or break-even. You might not even get
that. Only BDGR and friends will want OMOG. It is dead for a long time without a deal with BDGR friends. Good luck.


no... more like good luck to you black dragon, your back is against the wall, not omog's. stalling isnt changing much either IMO.....
dragon thieves..
 

---

Posted by gnulnx on :
 
Now that is funny!
 

---

Posted by logical buyer on :
 
Little worried now, because oil stocks keep sliding on the big boards. Oil is down today again.
 

---

Posted by Cabbie Mark on :
 
Well I'm a little bit more than worried. Come on baby!
 

---

Posted by cactus33 on :
 
only down 2 ticks with low volume and no news.
im not worried. if people want to sell i'll buy at .0082
 

---

Posted by gnulnx on :
 
I'm starting to wonder if we WILL get news? This is starting to take quite a while. Perhaps I am just a little impatient
 

---

Posted by cactus33 on :
 
ive been here for months, like many others. patience is required to own this, this was at .005 last month. it already ran over .01 twice in a month. im happy with .0087..
i figured we would be in this area until news.
 

---

Posted by shakethemoneytree on :
 
Is there anyone dumb enough to sell at these levels!


I dont understand selling here!
 

---

Posted by gnulnx on :
 
Well judging by the L2 here:

http://www.pinksheets.com/quote/quote.jsp?symbol=omog

I would say yes there are a few dumb people.
 

---

Posted by cactus33 on :
 
typical omog trading.. yawn, pretty boring
 

---

Posted by gnulnx on :
 
Yeah. This is pretty boring. Hopefully this is just the calm before the storm so to speak.

Wonder were MsKay is lately. She hasn't been on the board as much the last couple of day's.
 

---

Posted by cactus33 on :
 
KAY's probably busy worhing for adam in mediation.. heh, just kidding.
not much to say right now. just waiting for news. omog is pretty good about pr's and respecting investors. should get an update sooner than later.
 

---

Posted by gnulnx on :
 
I was just at the website re-reading the latest investor newsletter and I started wondering what will happen if the settlment fails and we have to go to trial?

My guess is that we will all get an opportunity to buy back in at .03-.04. Man I hope that doesn't happen. In any event I like the fact the OMOG is very much a company interested in it's shareholders. There are a lot of pinksheet companies that can not say that.
 

---

Posted by IWISHIHAD on :
 
The nice part of this deal is that they will have cash and lots of oil wells without having to get financing.
 

---

Posted by cactus33 on :
 
I thought about that too, i could care less if it goes to trial because im sure OMOG will win. the next step may be arbitration. thats a little less friendly than mediation. these dragon guys dont want to go thru a trial. they have money to settle this. im sure adam is truthful in the last pr when he said to be patient and all of the details were being worked out.
 

---

Posted by IWISHIHAD on :
 
I would really be surprised to see a go beyond mediation to much risk for the other parties at least most of them, what i could see is a settlement with all but one, then they settle later with that one.
 

---

Posted by cactus33 on :
 
im thinking their might be a sell-off eod, b/c pople are getting impatient watching other stuff run.. if so, my limit order is out their around .008

same old story with this, everyone gets hyped, next day no news.. so people sell. then it gets hyped up again.. just repeats itself over and over... just a typical trading day in the world of omog
 

---

Posted by gnulnx on :
 
Well I do hope everyone one is right. Out of the pennies that I have invested/gambled in OMOG certainly seems to have the most real potential.

Oil wells and cash will be mighty nice....especially if they can actually produce and sell some of it.

I would love to purchase more shares around 0.008 but I am unfortunatly over extended...again! LOL

However if this hits .007 I will probably have to buy another couple million shares. Let's just hope we get some real news before then.
 

---

Posted by IWISHIHAD on :
 
I look at the charges brought against these people and see some of the evidence, i am not a lawyer but how would they dare to take a chance by going to court, i think the main one in question would be BDGR because they filed it so late against them. I hope they settle out with the others and let BDGR take the task on by them self, they would not like that because all the costs our on them which could be huge. Waiting is the hard part, but a little easier when the market is slow like now.
 

---

Posted by cactus33 on :
 
nice strength here eod
 

---

Posted by logical buyer on :
 
May trend up tomorrow.
 

---

Posted by gnulnx on :
 
"May trend up tomorrow."

True. The bottom may also fall out tommorrow!

I honestly have no idea at this point. TA wise we could go either way. However I am starting to come to the realization the TA doesn't mean much on the little companies like OMOG. We need news. Really good news. News like:

OMOG is pleased to announe that all settlements were 2X as good as we predicted. 3 of our wells starting gushing oil. Low ball estimates are for 2 billion barrles a year. Oh and we found a 25 million dollar bill which we promptly put in a the bank for our shareholders.

In other news OMOG is pleased to announce that Exon Mobile (XOM) has made a buyout offer of 26 billion dollars.

Yes people you are all millionairs now...go home and be nice to your wife and kids tonight!

Oh man I think the penny market is messing with my head...I need to go find that other thread with the other crazy penny people.

See ya'll tommorrow
 

---

Posted by logical buyer on :
 
I think we may get back in then .009's tomorrow, if oil makes the headlines. Last few trading days oil has been down on the big boards, not a lot of buzz on oil plays. Oil dropped $7.00 dollars a barrel in less than a week.

quote:

---

Originally posted by logical buyer:
May trend up tomorrow.

---

quote:

---

Originally posted by gnulnx:

seriously I think OMOG is potentially a great trading stock. If it hits .007 or so in the next week then I may very well try a shorter term trade while still maintaining a smaller long term position.

---

quote:

---

Originally posted by gnulnx:
cactus the real sucess of OMOG will be in the press releases after the settlement. I think most agree that we are likely to spike to the .3x range on the settlement news, but can adam run this business...can he truly grow OMOG to the point of buyout opportunity like NDOL?

Do you think the kid (he's 39 right?) will grow this to a 1 dollar stock over the next year or two?

---

quote:

---

Originally posted by cactus33:
forget .03 we go to .48 on a settlement and buyout news...hahhaha


alright... im feeling myopic...
and lucky...

---

If it hits .48 I'm retiring!
 

---

Posted by cactus33 on :
 
no kidding... me too rbreb... hey.. adam was a penny trader, maybe he'll be ultru-kind to us penny people. he has a stake in this too. w/o dilution..
and thats a good thing
 

---

Posted by hbbus700 on :
 
Must have some huge positions to retire at .48
 

---

Posted by cactus33 on :
 
i think that many of us have a million plus shares...
 

---

Posted by cactus33 on :
 
just noticed this from same dragon pumper.. maybe even the most stubborn are coming to their senses..

"Laptop, they can get the court ruling, but that doesn't mean they get any properties. Then, they'll have to fight for each and every each of success. Of course, there will be delays and rescheduled hearings, and missing properties, and lease signatures, and environmental problems, and debt to fight over and other encumberances.

No, this is very, very ugly. It must be settled. It is probably best if BDGR just buys Adam out.

Also, the entire issue hinges on some preferred shares that were issued but accidently not registered. Even though the prefferred were not properly issued, does not mean that the theif (raider) Adam from OMOG and OMOG itself should unjustly benefit at the preferred shareholders expense.

hhahaha yep... come to your senses and settle, before it gets ugly.
 

---

Posted by cactus33 on :
 
i like the "issued, but accidently not registered" part
hahahaha... give me a freakin break.. go on dragon. i dare you to take this to trial.. your arss will be burned.. im sure the sec will buy your excuse that you accidentally forgot to register thousands of dollars of stock. hahaha.. yeaaa, it was an accident.. hahaha.. this is looking better daily..
 

---

Posted by IWISHIHAD on :
 
I was waiting for someone to bring up this point isn't that like making your own money and trying to use it? i don't know for sure that it follows under that category.
 

---

Posted by gnulnx on :
 
probably won't retire at .48, but I would certainly be in a position to make a permanant exit from corp america.

Anyway I doubt I would be able to hold ALL THE WAY. It is hard to see 10's of thousands of dollars pilling up without taking some profit. Not to mention a 100 grand or more.

The idea of BDGR making a buyout offer would be very interesting. I wonder if that is even likely? Would they make a realistic offer or would Adam take a low ball offer just to get out?

Man 2 many questions...need coffee!

Good luck today.
 

---

Posted by MsKay on :
 
The fact that there has been no dilution (and now would have been the perfect time to dilute if you were going to do it), makes me trust Adam's word a little more.

My dad always said "Don't trust anyone but me and yourself....and keep your eye on me." But if you look at most of these P&Ds, as soon as they start going up and get alot of interest from investors, they start to dilute the stock and the only ones making money are the company itself and the MMs who sell high and buy low by shorting and bashing. I don't see this happening here but you can be sure I'm watching for it. If Adam keeps his word on this, he'll gain alot more of my trust.
 

---

Posted by gnulnx on :
 
Don't companies usually dilute shares because some group of investors have bought significant numbers and are unwilling ot sell them? Kinda like hostile take over protection?

"If Adam keeps his word on this, he'll gain alot more of my trust."

I second that.
 

---

Posted by MsKay on :
 
I believe they just issue more stock and the company keeps the money from the sale. OMOG keeps the authorized shares posted on their home page at all times. You won't see that on alot of these companies. You don't find out they've diluted until after its already done. This is what makes pennies more dangerous to play. The TA (Transfer Agent) does not have to report a dilution to current shareholders unless the company gives them permission to do that. In other words a company can dilute and "gag" the TA. Anytime I see a company that has "gagged" the TA, I know they are up to something.
 

---

Posted by Gary59 on :
 
Looks like OMOG gonna do something this morning L2s are up already

TDCM 0.0089 5000 05/08
HDSN 0.009 5000 05/08
NITE 0.009 5000 05/08
UBSS 0.0094 5000 07:36
 

---

Posted by Cabbie Mark on :
 
Low volume, no news and peeps selling at .0085. Whew.............
 

---

Posted by gnulnx on :
 
Sounds like IRAN's little letter was a bunch of crap...who woulda figured

http://www.cnn.com/2006/WORLD/meast/05/09/iran.letter.ap/index.html

Also oil creeps back above 70 bucks a barrel.

http://bloomberg.com/


I think we are starting to see oil find support at the 70 dollar level. This may bode well for oil stocks, but man does it suck for gas prices.

Good luck everyone.
 

---

Posted by cactus33 on :
 
typical yawner trading day. surprised mm's havent taken this lower with the low volume. guess people are waiting for news.
 

---

Posted by gnulnx on :
 
Cactus. I think I will start taking sleeping pills before I trade OMOG!!

Trying to get a low ball order filled for AMEP today...but so far I got nothing. I hate slow days.
 

---

Posted by cactus33 on :
 
i had my eye on amep too.. good luck..
omog picking up now
 

---

Posted by cactus33 on :
 
ill take the slow day.. i like what im seeing here up one tick. if it finishes green today. this is strong imo
 

---

Posted by gnulnx on :
 
I think we are gonna trade between .1 and .08 until we get some news. A lot of people waiting to buy around .08 and tons of people trying to sell around .10.
 

---

Posted by cactus33 on :
 
probably right gnulnx, may see a nice run to .015 again at some point, even w/o news
 

---

Posted by bond006 on :
 
keeping us on the front page
 

---

Posted by gnulnx on :
 
Hey bond have a look at the L2's on pinksheets. It would only take a couple of buyers to run this thing up past .10 again.

This is just a really flat day. I think we are around 6 million shares traded. Heck there are several individuals who own more shares than that!!

Come on News!!!
 

---

Posted by cactus33 on :
 
yea, nothin really to talk about. all the cards are on the table sort of speak. everyday these lawyers wake up and deal with this though. one could hope that its resolved sooner rather than later.
 

---

Posted by cactus33 on :
 
its good that we arent being run down anymore on low volume. usually vol under 10 mil kills this thing lately. staying strong above mva of .0082.. thinkin thats our support line right now
 

---

Posted by gnulnx on :
 
It appears to be. I placed a low ball offer for a million shares at .0074. For some reason I can't see it on pinksheets?? Oh well I doubt it will get that low anyway. With both the 20 day and 200 day MVA at .008 I can't see it dropping much below that.

I keeping thinking about adam saying it was better than hoped for. I wonder if there is going to be a buyout offer? Man I just have this feeling building up that this one is going to be pretty darn big once we get news out.

Lets Ride!
 

---

Posted by shomethamoney on :
 
Just looking at this stock - Is there a time that we may here news about the settlement or is it an anytime situation?
 

---

Posted by gnulnx on :
 
I guess it is really more of an anytime situation. From the last press release:

"Although legal counsel for OMDA OIL & GAS, INC. is highly optimistic that the global settlement, which covers all parties and aspects, will come to a quick resolution, they now believe it to be a prudent and wise decision to add Black Dragon as an additional defendant in the unlikely event that trial becomes required."

sho my biggest short term concern is that no settelment is reached and we have to go to trial. I figure that would drive the price down for a couple of weeks. However as cactus, MsKay, and others have outlined it really doesn't make any sense for these other companies not to settle.

There is a lot of good information on the web site:

http://www.omogoil.com/

I must admit I jumped in this stock based on technicals and now I am here based on dd.

Good Luck
 

---

Posted by gnulnx on :
 
Read the last paragraph of the latest newsletter. It makes you feel all warm and fuzzy inside!

http://www.omogoil.com/omog29.pdf
 

---

Posted by gnulnx on :
 
MsKay wrote: "I believe they just issue more stock and the company keeps the money from the sale. "

MsKay you are correct in that the company can keep the money. But remember Adam bought enough shares to take over OMDA. The only way he is going to make money is through a salary and increasing share price. I have pretty much read every press release and company tidbit that I can find at this point and I am convinced that he HAS to raise the share price. He is in big on this...really really big. In fact at 1.7 billion shares at a minimum of .0002 cents he is in for 175,000 as he purchased at leat 50%.

I suspect Adam believes he can get the share price to at least .10 cents, but more likely a dollar or more. It would have been much too large a gamble to buy 50% with the hope of getting to .03. Also I believe he took over the company based on it's business potential. Only later did he realize assets had basically been stolen...am I correct in this thinking?

If Adam has success with both the settlement and at least one of the KY-Tenn Oil projects then I think we may very well see .40 cents this year.

So here is my current estimates...for what it's worth. Do you own DD tho people.

.03-.10 on information regarding settlment. I believe .10 is possible if mostly positive news releases continue to come out. I believe we will get this info within the next 2 months.

.1-.4 if KY and OMDA are successful to the point of commercialization. I am more fuzzy here as I am still learning about the oil industry.

Wow and people say all pennies are worthless. OMOG is certainly not worthless.

One more question for the others. Do we know if Adam has any intention of getting OMOG off the pinks? A press release in this regard would also send us flying higher.

I think I will go write a song about OMOG...the stock I started off calling the "Oh My God did I just gamble on that"! LOL

MsKay I wish I had finished my dd a week ago when we were in the .007 range and you were buying more...at that time I was bailing and still playing this based on the techs. HA...damn oh well. I may not wait for it to drop again because it may very well not ever see the .007's again.

Let's Ride.

Good Night everyone.
 

---

Posted by MsKay on :
 
I'm changing jobs and training my replacement so I missed the whole day. I don't pay much attention to any pink claiming that they are going to get off pinks. I think in one shareholder letter that I don't think is on the website any more, Adam did say that moving from the pinks was unrealistic any time soon because the finances of former management were in such a mess and because you apparently need several years of audited data to move from pinks. I don't know this for sure but he made some statement to that effect. I'm sure all companies want to move from pinks but it does take certain things to do that. I wouldn't think that would happen for at least the next year depending on what happens with these settlements, etc. I do think this guy means what he says....whether he can pull it off is another thing. I'll say I've hung in there with this pink and I've not done that with any of the others. Most of the time, after a year, you know exactly what a scam most of these pinks are. I still don't feel like this one is a scam....a gamble for sure...but not a scam.

As far as buying, I'm still way too conservative. I wish I'd bought that Thursday when it went to .0067 but....I didn't. I may still buy more if it dips to below .0072 which is my average right now. I've made that commitment because I've let greed make some bad choices for me. I may regret it and wish I'd bought a boatload but there is no such thing as a sure thing in pinks. I don't gamble more than I can afford to lose.
 

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Posted by gnulnx on :
 
I know the letter you are talking about. I have searched high and low for it...it is driving me nuts because I can't read it!!

I wonder did adam (who is only 31 not 39) say something that he was not allowed to say as a board member and have to retract the letter?
 

---

Posted by MsKay on :
 
I'll so some searches on my computer and see if I saved it.
 

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Posted by gnulnx on :
 
Cool. Thanks for taking the time to look
 

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Posted by MsKay on :
 
Here's a link to the July 2005 letter that is here on Allstocks. Just scroll down until you see the letter dated July 2005.

http://www.allstocks.com/stockmessageboard/cgi-bin/ultimatebb.cgi?ubb=get_topic; f=8;t=013916;p=1
 

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Posted by MsKay on :
 
Here's the text from the second Q&A newsletter dated 08/15/05:

OMDA Oil & Gas - Shareholder Newsletter
In issue two of our newsletter, we covered part one of our question and answer session with
Chairman Barnett. Part two is listed below. If you have any questions that you would like to have considered for upcoming lists, please submit them to IR*Omogoil.com.
Q. Will OMOG do a reverse split in the future?
A.B. As you know, OMOG has not participated in a reverse split since 2002. Since my gaining
control of the company, there has been no mention of a need for this type of roll back. As I stated in my April shareholder letter, “At .0001 in that summer of 2003 it would have been easier to do a reverse split than to put in all the hard work and sacrifice in our crusade to protect the shareholder assets from Lanza's grip.” We have seen a huge share price gain in the past twelve months, and I believe that a reverse split is not needed at the current time or in the future with the potential successes of our current projects.
Q. What is OMDA currently doing in its pursuit to make the transition to OTCBB?
A.B. To make the transition from pink sheets to the OTCBB, a company has to overcome many
hurdles, the main one being becoming fully reporting. My main focus over the past year has
been equally divided between three main priorities: resolving the corporate disarray left by prior
management, acquiring assets and growing revenue streams, and creating a truly transparent
pink sheet company. I, along with many consultants and attorneys, have spent countless hours
trying to secure accurate financial records of the past few years. I am very proud of all this work
and the results so far, for I truly believe we have transformed OMDA from a small pink sheet
company with no shareholder communication into one of the most communicative pink sheet
companies currently traded. We have added websites, newsletters, project updates, and shareholder
letters. Rest assured, we will update the investing public as soon as financial information
can be announced without jeopardizing any legal procedures. Along with these updates, we will
work to reach our goal of becoming fully-reporting.
Q. Are there any other projects that OMDA is currently looking into for acquisition or ownership?
A.B. I take my duties as chairman very seriously. I, as a long-time investor, understand the
need for fighting complacency. While I strongly believe that our current projects and our lawsuit
against Lanza could provide OMDA with strong asset growth for years to come, I know we must
always be on the look out for new and even more rewarding projects. We have added four
strong holdings (including the concord dome settlement) in less than a year, and I am committed
to future partnerships and acquisitions when they make operational and fiscal sense. Again, as
letters of intent are signed, they will be announced with press releases and other means of communication.
Continued on Page 2
Volume 1 Issue 4
CHAIRMAN ADAM BARNETT ANSWERS YOUR
QUESTIONS ( PART TWO)
08/15/2005
WEEKLY SHAREHOLDER NEWSLETTER
Quick Facts:
Stock Symbol: OMOG
YTD High: $0.018
YTD Low: $0.0045
Outstanding Shares:
1,378,500,419
Transfer Agent:
Signature Stock Transfer
972-612-4120
Contact Info:
IR*OMOGOIL.COM
800-621-0113
WWW.OMOGOIL.COM
Young Oil Project
Update:
The final three gas wells
are finished drilling, and
are currently shut in
awaiting stimulation and
flow testing. Young informs
OMDA this week
that the third party crew
that will do these processes
is scheduled to
begin Aug. 18 or 19th.
The Results will be published
as soon as they
are available. You may
access all project updates
directly on our website at:
http://www.omogoil.com/p
rojects.html
Weekly Shareholder Newsletter
Adam Barnett was in Houston on a business related matter over the weekend, so a
local shareholder hosted a last minute Barbecue Saturday with him as Guest of
Honor. Though most individuals had less than a weeks notice, some 28 shareholders
and prospective shareholders attended, including eight who flew in from out of
town. Adam wanted to express his sincere gratitude to all who attended as well as
the host shareholder.
Page 2
ADAM BARNETT ATTENDS
SHAREHOLDER BAR-B-Q
Continued from page 1
Q. As projects start to produce revenues and profits increase, will there be dividends for the shareholders?
A.B. My mantra has always been “I must increase shareholder value.” To do this, I will focus on
the things I have outlined above. I want to turn our current projects into the most profitable entities
possible. I also want to settle the current lawsuit and secure the owed assets to the company.
Once these things are completed, I believe that the stock price will reflect these positive events. I
do wish to reward all the shareholders who have maintained loyalty to OMDA, but I know that profits
should go first and foremost to continuing the growth of the company by acquiring additional
land and leases. Having said this, I will keep a keen ear open to all dividend and shareholder reward
programs as opportunities present themselves.
Look for part three of this question and answer session with Adam Barnett in the upcoming weekly
newsletters.
 

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Posted by MsKay on :
 
Here's the link to the first set of questions
http://www.omogoil.com/OMOG080205.pdf
 

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Posted by gnulnx on :
 
So wait...Adam has already added more shares? The previous refence is at 1.3 billion..while we are currently at 1.7 billion. When did this happen. I don't see any mention of it in the letters? I must be missing something.

Hey thanks for digging up the original "OMOG the next TNOG" thread. Couple of interesting things on that thread...one being someone else calling it the "OhMyGod Stock!" LOL

More importantly is a quote from Adam:

"Due to current Management’s large share holdings, we have and will continue to take no salary or compensation from the company but rely instead, as do all shareholders, on capital appreciation of our equity for our efforts."


Now that's what I'm talking about. He has pretty much gone "all in" on this play. Adam is like the freaking ultimate penny investor!

Go Adam Go!

Damn I wish I knew about his company a year ago. *sigh*

This is big...really really big. 8 investors actually bought plane tickets to go to a pink sheet corporate bbq? That has to be a first. I don't know who discovered OMOG first, but I owe a lot to MsKay for starting this thread.

Ok I need to calm down...lol I of course do still realize that the ability of Adam to take this all the way to a potential buyout is unlikely...but man he is certainly talking the talk and doing his darndest to walk the walk....no more calling him a kid.

Hey Adam, if you are reading this...which you probably are! You are my hero right now. You go man. Take OMOG somewhere and drag us little penny people along with you. I just can't believe you literally went ALL IN on a penny. This has to work out for you...it just has to.


 

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Posted by MsKay on :
 
As I understand it, we had 1.7 million authorized but only 1.3 issued then. There have been no more authorized, just more issued from the original authorized. Somebody correct me if I'm wrong on this.
 

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Posted by MsKay on :
 
I may have already posted this but here's an interesting discussion of this subject posted on raging bull

http://www. raging bull. lycos. com/mboard/boards.cgi?board=OMOG&read=176137&submit=Go
 

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Posted by gnulnx on :
 
I think I did read that raging bull article at one point. Really makes you wonder if all the short shares are gone yet? I would guess not. looking at the historical chart it rose very fast...since they were shorting in the sub penny range I would guess that they simply cannot afford to lose that much money. Now if this settlment goes through and it looks like this stock has the ability to move another order of magnitude then they may be forced to take their loses....thus pushing this up into the .10 - .80 range?

Damn I would love to know what the short interest is on this stock right now? Anyone have an idea about how to find out?
 

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Posted by usasail on :
 
U and me both Gn I'm not holding my breathe for the short play though, but if it happens then I say cool runnin's. I just noticed the charts lookin' a little bit more tasty with a possible move Northbound of the RSI 50 and the Bollie's pinch'n closer together
I'll attach the ol' faithful Traders Disclaimer - ;)IMODYODD
C'MON MARTY BURN THAT MIDNIGHT OIL THEN BURN THE LANZA et. al. CROANIES!!!
 

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Posted by gnulnx on :
 
I'm not holding out for the short play either. Even with out it we are looking at a multi bagger from these levels tho.
 

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Posted by cactus33 on :
 
yep, adam is the real deal. at least he knows what penny trading is all about and is intent on raising pps for shareholders. Its not really a short term play right now. thats why its holding stable. everyone has the same opinion that .007 is cheap.. and that .009 is too much. that can change though if we get some momentum trading going as more and more people realize the potential of OMOG. everyone is sitting tight waiting for the next words. if there is incredible settlement news then this things gonna skyrocket. and unlike a lot of pennies after they go crazy, i dont think omog drops hard. if the value is their than pps will go high and stay high. thats if we get some great settlement with active wells.
gnul, i found omog just stumbling around allstocks in january when i started pink trading. i didnt have a clue about pinks and was just lookin around for an oil comp. I just picked omog randomly really, w/o any dd and just watched it sink like a rock, back then i bought at .005 and it was going as low as .004 all the time and was doing like 2 mill a day in vol. then i did dd and was blown away at the potential and adams saga for the past year. I just started to accumalate at that point and have been doing ever since. im loaded up good now and hope that these lawyers get OMOG's money back. theres no reason omog cant do 2000% in a couple of days if they get a big settlement. hopefully tomorrow will be the day
 

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Posted by gnulnx on :
 
As much as it would hurt to watch my account drop in value I would love to see OMOG retest .0004 again!
 

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Posted by cactus33 on :
 
you mean .004... no way.. please dont ask for that. those were the bad old days.. lol
 

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Posted by gnulnx on :
 
yeah sorry. I couldn't stomach a free fall to .0004.
 

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Posted by bond006 on :
 
Hi folks had a busy day today love to watch the L-2's but work calls for no news we have held up good we are close please I would love to buy at .004 but I don't know if I could handle that now took a few bad hits at the begining of the year need a few to pay off I am hoping on omog. I think you are right a few working wells and .10 is a pice of cake. And who knows where from there. Glta
 

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Posted by Cabbie Mark on :
 
I sure like what I'm reading and seeing

Go Adam!!
 

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Posted by cactus33 on :
 
cabbie, omog is a good pink to own, compared to others. I know that you bought in high during that last run, but you should come out alright in the end. glty
 

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Posted by Cabbie Mark on :
 
Yeah, I jumped in at .0125 but I'm not over concerned. It's my first buy in the market and I feel pretty good about it. If I have to wait, so be it. Good things are worth waiting for. If I get too antsy and want to play, I'll fund my account with a little more...lol

Peace cactus
 

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Posted by gnulnx on :
 
For those that are interested in OMOG's latest partner Ky-Tenn Oil, Inc. I have found their web site:

http://www.kytennoil.com/

Hard to get a good feel for them since they are private. It sounds like they have some very good properties. Of course I don't know that much about oil exploration and I am constantly trying to get up to speed since I have a stake in OMDA.

It sounds like we are pretty much drilling all over the place now. I guess that is what you have to do. I figure drilling for oil is like picking penny stocks. Most will loose but some will win really big. Let's hope Adam is choosing good partners and stacking the odds in our favor for a nice win.
 

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Posted by Hold-em-er-fold-em on :
 
Not much happening here today!

A few upticks would be nice!
 

---

Posted by gnulnx on :
 
ZZZZZZZZZZZZZZZZZ
 

---

Posted by gnulnx on :
 
Watching the L2's and the .0089's are dropping. We had 5 stacked and now there is only 1 left. We might get a little spike into the .009's which don't have much resistance.....maybe, just maybe we can bump over a penny?

Who knows. This is like watching a snail race and knowing that towards the end of the race your snail is gonna turn on the Nitrous.
 

---

Posted by cactus33 on :
 
looks like we are sittin here until news.
 

---

Posted by gnulnx on :
 
I think so. I did just convice a coworker to buy a small number of shares. Just trying to do my part!!!

I bought some shares of PBLS today as well. My early dd on the company show promise along the same lines as OMOG...maybe. I still need to do a good bit more.
 

---

Posted by cactus33 on :
 
be careful telling friends to buy pink stocks, a guy over at another board told his dentist to buy gzfx at .018 hhahaha, then gzfx turned on the dilution afterburners and killed the pps all the way to .009 whatever its at.
when the dentist saw him again during a checkup, he just kept asking him why gzfx was down so bad, and at the end told him that he was gonna have to pull 2 teeth or something, lol. whatever you do be careful telling your doctor or dentist about pinks. if you wanna keep your friends dont tell them either.. lol
 

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Posted by gnulnx on :
 
LOL that is a great story.

I warned this girl like 1000 times. She will be fine. I think she is only with with $1,000 or so. It won't hurt much to loose it. Plus she has been riding the EBOF wagon all last month.
 

---

Posted by MsKay on :
 

quote:

---

Originally posted by gnulnx:
For those that are interested in OMOG's latest partner Ky-Tenn Oil, Inc. I have found their web site:

http://www.kytennoil.com/

Hard to get a good feel for them since they are private. It sounds like they have some very good properties. Of course I don't know that much about oil exploration and I am constantly trying to get up to speed since I have a stake in OMDA.

It sounds like we are pretty much drilling all over the place now. I guess that is what you have to do. I figure drilling for oil is like picking penny stocks. Most will loose but some will win really big. Let's hope Adam is choosing good partners and stacking the odds in our favor for a nice win.

---

quote:

---

Originally posted by cactus33:
i was thinking share buyback too, that would be the most ideal way to really strengthen the pps. and if they have the cash, it only makes sense

---

Us great minds must all think alike. I had the very same thought a few weeks ago. Retiring some of the O/S would definitely boost the share price and reward all the longs for their patience.

Couple that with some producing assets and this could be a very good stock for the future. My plan was to hold some of this for the long run just in case they do all of the above.
 

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Posted by IWISHIHAD on :
 
The thing i like about the situation with this company right now is that if something is negitive for us investors it is also going to be negitive for the CEO, it is like shooting himself in the foot, to build this company up has a big plus for the CEO money and more money and the feeling of really achieving something that's great for all that are involved, but the wait is hard.
 

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Posted by cactus33 on :
 
adam has always reminded me of jerry jones.. an oil guy that was super agressive at a young age. someone that can make things happen ! a snippet about him...

"petroleum interests became hugely successful Jerry Jones business expanded throughout the 1970s and '80s. He eventually had offices in Oklahoma City, OK, Fort Smith and Little Rock, AR, Sacramento, CA, and Calgary, Alberta, Canada. After two decades in the oil and gas game, Jones entered the world of professional sports in 1989, purchasing the floundering Dallas Cowboys (3-13) and Texas Stadium for $140 million."
 

---

Posted by RWall on :
 
why can't this thing just blow already
 

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Posted by IWISHIHAD on :
 
We can sure have fun speculating on what to do with all that cash and oil wells it would open so many doors, money grows money the CEO can have a lot of fun once he gets this thing behind him.
 

---

Posted by cactus33 on :
 
maybe if we all take a hunting trip with adam down in texas we can have him shoot into the earth and watch black gold pour out like pappy did from the beverly hillbillies... ha... just kiddin

i do hope that everything works out, im sure adam will throw another picnic if it does. if so, we'll all have to wear our name tags with our user-names on them.. kegs on me.... heh
 

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Posted by cactus33 on :
 
im thinking that if all goes perfect it will mimic pgpm.. i hope adams watching pgpm and how its handling things.
 

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Posted by gnulnx on :
 
cactus wrote:
"But, im getting bored of lookin. If this goes to .0079 should i throw 80% of my portfolio into this. Im thinking what the .....? no guts no glory..."

No man I think you hould go 40% here and 40% on PBLS. LOL

I must admit I am having a hard time keeping a large portion of my funds on the side lines or in bigger stocks like NBR. I think that I may very well have discovered the two best risk/reward companies I have ever found in the last 2 weeks with OMOG and PBLS.

How in the hell did I not discovery allstocks and you people before last month? Sheesh.

Oh for what it's worth I place a daily limit order for a million shares at .0074 everyday while the chart looks this strong.

I must admit that I don't really want this to happen just like PGPM..well unless it really does go 1000% in 1 day. Mainly because I would like to have a slow, steady, indigestion free climb to riches...HA Yeah Right.

Hey if this works and you buy the kegs I may very well have to break out the 'ole college keg stand trick...that otta be a good laugh for everyone!
 

---

Posted by DQ. on :
 
I'm with ya GNULNX. I'm loaded here, and PBLS, and PLNI. My big three. REady for one to fly today!
 

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Posted by DQ. on :
 
I'm with ya GNULNX. I'm loaded here, and PBLS, and PLNI. My big three. REady for one to fly today!
 

---

Posted by Gary59 on :
 
Morning all ,,
havent watched for 2 days been gone ,
trying to cach up,
L2s looking a little better this morning though
ETRD 0.0086 5000 05/10
NITE 0.0089 5000 05/10
UBSS 0.0094 5000 07:36
JEFF 0.0095 5000 05/03
VNDM 0.0095 5000 05/09
TDCM 0.0095 5000 05/10
MAXM 0.01 5000 05/04

Just maybe they will let it go a little today ,, I hope
 

---

Posted by Gary59 on :
 
Looks like MMs are up to something this morning

ETRD 0.0086 5000 05/10
UBSS 0.0094 5000 07:36
NITE 0.0094 5000 09:08
JEFF 0.0095 5000 05/03
VNDM 0.0095 5000 05/09
TDCM 0.0095 5000 05/10
MAXM 0.01 5000 05/04

NITE already raised to .0094
 

---

Posted by Gary59 on :
 
UBSS 0.0094 5000 07:36
NITE 0.0094 5000 09:08
JEFF 0.0095 5000 05/03
VNDM 0.0095 5000 05/09
TDCM 0.0095 5000 05/10
MAXM 0.01 5000 05/04
HILL 0.01 5000 05/09
SBSH 0.0118 5000 05/10
ETRD 0.0118 5000 09:21
ETRD dropped down to .0118 already this morning , looking at a little green this morning,,
 

---

Posted by gnulnx on :
 
I was thinking with the bid ask spread the way it is we will either stall or go down.
 

---

Posted by Gary59 on :
 
You might be right no trades yet in first few minutes..
 

---

Posted by gnulnx on :
 
Oil springs back over 73 dollars

http://bloomberg.com/markets/commodities/cfutures.html

Come on Adam. Gives us some great news.
 

---

Posted by Cabbie Mark on :
 
Like watching paint dry...lol
 

---

Posted by gnulnx on :
 
Yeah, only if you get close to the paint you can at least catch a buzz!
 

---

Posted by Cabbie Mark on :
 
Poor ole market is taking a beating in general today.
 

---

Posted by gnulnx on :
 
No Settlment! Looks like we go to trial.

http://biz.yahoo.com/iw/060511/0128709.html
 

---

Posted by cactus33 on :
 
we have news, hold on reading it right now... he's suing someone else now..
 

---

Posted by cactus33 on :
 
HOUSTON, TX -- (MARKET WIRE) -- 05/11/2006 -- OMDA Oil and Gas, Inc. (OTC: OMOG) announces that it has initiated a lawsuit in Dallas County District Court against Young Oil Corporation, Young Operating Company, Anthony L. Young, and Chris Jeffries. All parties have been served via USPS certified mail. OMDA Oil and Gas, Inc. alleges that Young Operating Company breached its Contract "by failing to drill wells, failing to report regularly to OMDA, failing to provide a consistent right of first refusal to OMDA, failing to pay OMDA for the gas wells that Defendants reported to OMDA to be producing, and wholly failing to comply with the 'Time is of the Essence' provision."

A complete copy of this lawsuit can be viewed at http://www.omogoil.com/legal_updates.html.

OMDA Oil and Gas, Inc. entered into a long-term oil and gas play with Young Oil Corp on June 7th, 2005. OMDA Oil and Gas, Inc. invested $150,000 for an initial 20% interest in a six well program and first right of refusal on any other prospects on Young leases.

Highlighted Links
OMDA Oil and Gas, Inc.

Adam Barnett, Chairman, stated, "After many delays in drilling, reporting, and producing requested documents on the part of Young Oil Corp., OMDA Oil and Gas, Inc. had no choice but to file litigation against the company and all involved parties. We have investigated the matter for several months, and we feel strongly we were misled as to the nature of these wells and that we were fraudulently induced in investing our initial $150,000.00." Barnett went on to say, "I have set a tone during my tenure as OMDA's chairman not to stand for any wrong-doings against our company or shareholders, and rest assured, OMDA will pursue this matter with great resolve."

About OMDA Oil and Gas, Inc.

OMDA Oil and Gas, Inc. and its wholly owned subsidiaries, OMDA Oil & Gas Management, Inc. and Texas OMDA Drilling & Operating, Inc. and OMDA Oil & Gas, Inc. (Texas) are in the business of oil and gas production and lease acquisition. Currently the Company owns average participation interests approaching 47%, in 355 producing and non-producing oil and gas wells in Louisiana and Texas, as well as 100% gross interest in an undeveloped 1,116 acre, horizontal play in the Panola Field, Panola County, Texas. Current acreage interests include a 15% working interest in 800 acres in Shelby County, TX and a Carried back-in working interest of at least 7.5% up to 37.5% in a 12 well work over play in the Concorde Dome Field in Andersen County TX, and is currently partnered up with Young Oil Corp, the largest Oil and Gas producer in Tennessee on 46,000 acres in North Central Tennessee, with an initial 20% interest in a six well program and a first right of refusal on any other prospects on the Young leases.

This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, statements relating to the future anticipated direction of the Oil and Gas Industry, plans for expansion, various business development activities, planned capital expenditures, future funding resources, anticipated sales growth and potential contracts. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
 

---

Posted by gnulnx on :
 
Actually I think this is someone new?
 

---

Posted by cactus33 on :
 
yep, something new.. not bad news.. more people for the lawyers to chew up..
 

---

Posted by Gary59 on :
 
What will this do to the PPS ?
 

---

Posted by gnulnx on :
 
Cactus...scared the bejesus out of me for a second...I just new we were about to watch the price drop down to .0003.

Wheh. While I am not a fan of just sueing people non-stop it does sound like Adam has a point. I will try and read the court docs tonight.
 

---

Posted by cactus33 on :
 
not sure why it would affect pps.. lawyers only do this for a cut.. they wouldnt go after these peple w/o a reason
 

---

Posted by Cabbie Mark on :
 
Are ya saying this is a completely different lawsuit, not the one we are waiting on?
 

---

Posted by gnulnx on :
 
I suspect we will still see a drop as people get tired of waiting.
 

---

Posted by cactus33 on :
 
if anythin it shoulg go up... who knows.
he says that he's been screwed and he means business. i think its a good thing
 

---

Posted by IWISHIHAD on :
 
This thing is quite today i sure am feeling more and more confindent that we will see a settlement and probably fairly soon but time will tell i talked to someone at bdgr today interesting.
 

---

Posted by gnulnx on :
 
Actually I was just looking at the L2's and it looks poised to head up.

Hey Wish. What did the bdgr person say?
 

---

Posted by cactus33 on :
 
I cant believe all the work these lawyers are doing... geesh, after months of investigations it said in the pr. these guys have been at it over a year now. and they just keep going. im thinking chances are we see some sort of settlement soon.
 

---

Posted by IWISHIHAD on :
 
gnulnx,

Before i go into it, try and call them and ask about the lawsuit so we have second investors take on what they say....thanks i will get back to you i like what i heard.
 

---

Posted by cactus33 on :
 
Im guessing that everyone thought they could screw over adam, because he was venerable with the dragon guys and appeared weak, plus he is so young and was really in-experienced at first. you can tell by the tone that he's pissed and tired of getting walked on.

." Barnett went on to say, "I have set a tone during my tenure as OMDA's chairman not to stand for any wrong-doings against our company or shareholders, and rest assured, OMDA will pursue this matter with great resolve."

as repoman says.... down goes frazier, down goes frazier
 

---

Posted by Gary59 on :
 
well at least it didnt go down on that news,,setting even for the day now
 

---

Posted by IWISHIHAD on :
 
He is cleaning house that is good.
 

---

Posted by gnulnx on :
 
I suspect Adam will release a news letter soon to describe this.

I have read most of the court filling and it does sound like Young breached contract.

I suspect that we may win the lawsuit and recieve 150,000 as well as court costs...probably not much more than that. Heck it may be worth setteling

I have a meeting in a few minutes. If I have time afterwards I may give OMDA a call to glean a little more information. Honestly the court filling doesn't sound like that big of a deal to me.

Cactus I suspect you are right. He is 31 and running an oil company that he bought in the open market. People are trying to take advantage of him. He's doing the right thing by not taking it.
 

---

Posted by dayton on :
 
"i talked to someone at bdgr today interesting"... ok so lets hear what they said if you dont mind
 

---

Posted by bond006 on :
 
Sounds like Adam is on the war path and good for him I remember that deal they hit a dry hole and 5 more wells were supposed to be drilled never heard any more about it until now. Well throw those babies on the grill to the more the more fun we all have
 

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Posted by bond006 on :
 
Now this is what I call an interesting stock to be in never a dull day If it all works we should be a pretty good domestic oil company
 

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Posted by cactus33 on :
 
it would be nice to finish green. not many sales at .0084... no ones selling at that price so far. i think people sense somethings coming.
 

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Posted by bond006 on :
 
I just read our side on the web site looks pretty strong to me> I hope young gets it good
 

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Posted by IWISHIHAD on :
 
It appears bdgr have been involved with the settlement talks for awhile he thought the settlement was all resolved, now im am not sure if that was before they were named in the lawsuit or not. It appears they want this thing resolved as soon as possible he felt this would be resolved soon but of course there is no guarantee. My guess is that bdgr does not have a lot of cash laying around by looking at past pr's if you go to court on this issue as a defendent it will be hard to get an attorney on a contingency and it will be expensive. Their choices would be to try and finance it which is very hard to do in this kind of case(who wants to loan money not knowing what you have in the end) or sell shares which will really tick off investors and really hurt their stock none are very good options in my opinion, so i think a settlement is coming.......I think the new lawsuit against young oil corp. is no big thing except adam is saying that if you sign a contract to do work for OMOG you finish the contract or else, it is a message for companies and a good signal i feel to investors time will tell.
 

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Posted by gnulnx on :
 
Looks like I may very well get an opportunity to fill my order at .0074.

Bring down boys
 

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Posted by gnulnx on :
 
Actually probably not. Look at all the buy orders at .008!

http://www.pinksheets.com/quote/quote.jsp?symbol=omog
 

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Posted by dayton on :
 
man i bought this AM... thought the next PR was going to the ONE. This is going to be a nice entry point for alot of people i think. Oh well patience was never my virtue.
 

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Posted by gnulnx on :
 
Yep. There are some big sell's going through.. Quite a few over a million shares. There is a lot of resistance at the .008 level, but I am not sure it is going to hold if these people really start dumping shares.

If she drops big today or tommorrow I may hold off buying in the 7's and see if I can pick some up in the 6's. I know everyone here doesn't want to see the 6's again...and neither do I.

This PR has shaken some people. A lot of people are getting tired of waiting and now they are dumping. Just hold tight and wait for the right buying opportunity!

Cheers
 

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Posted by Cabbie Mark on :
 
Man, this is depressing. This pr did more damage than help.
 

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Posted by cactus33 on :
 
same old omog story. people lose patience here quick. not really sure why this pr changes anything about the dragon mediation. it doesnt. adam could settle that tomorrow, who knows. i dont think sellers are thinking clearly right now.
 

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Posted by gnulnx on :
 
Cabbie actually it isn't as depressing as it looks.

Consider this: We have 20 Mil in volume so far and we are only down 5%. there are a lot of people that were waiting for a small drop to pick up more shares. Look at the L2's again. Notice all the buy orders in the 7's. Smart investors wait for these moments to pick up more shares.
 

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Posted by Cabbie Mark on :
 
I know your right gn. I luv this little corp raider and what he stands for. Just like to grip...lol

So I'm correct in thinking the pr today is totally different from the Lanza,bdkm,blackdragon scenario?
 

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Posted by cactus33 on :
 
i couldnt resist, i just threw down a bunch more at .0081...
i have faith in adam
 

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Posted by IWISHIHAD on :
 
I think this might have come out of the settlement investigation and they didn't want to add another party to slow the settlement up especially for such a small amount. I think investors just want to see one thing taken care of before they enter another, i know the feeling we need possitive news first about the companies business.
 

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Posted by Gary59 on :
 
Well i got tired of watching and dumped my shares.. so it will go back up now with my luck lately...
 

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Posted by ANR on :
 
bid

UBSS 0.0081 5000 15:53
MURF 0.008 5000 15:24
HDSN 0.0079 5000 05/10
TASL 0.0079 5000 10:14
NITE 0.0079 5000 15:46
SBSH 0.0077 5000 15:37
TDCM 0.0077 5000 15:37
HILL 0.0077 5000 15:37
JEFF 0.0075 5000 15:37
BMIC 0.007 5000 15:39
VNDM 0.007 5000 15:42
 

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Posted by cactus33 on :
 
big buying right now..
 

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Posted by Gary59 on :
 
Yep went back up after i sold ,,,at .0081
 

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Posted by gnulnx on :
 
cactus you da man. I'm still holding out for the 7's. Maybe people will go home tonight and panic and maybe sell big into the open tomorrow. I am totally down with adding a million more shares in if possible. Maybe 2 million...but that is pushing it for my limited funds!!

As for now the selling has stoped. Very small orders are moving the price up. We may close even which will make the chart look a lot better!
 

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Posted by gnulnx on :
 
"As for now the selling has stoped."

LOL--- well duh. The market is closed.

I bet you all didn't know you were chatting with a bonafide genius now did ya?
 

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Posted by cactus33 on :
 
hahhaha, that was a fun ride, got filled at .0081....

never get that lucky. i think it holds tomorrow. not sure why people sold. recent pr had nothing to do with the settlement with bdgr. im sure adams scratching his head wondering why he even released the pr. i told you adam that you have to be careful if you are gonna keep putting out prs about who your suing next. i wrote it in a post the other day. oh well, not sure why people sold though..
 

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Posted by gnulnx on :
 
Your prolly right. It'll hold and I will have passed up another great opp to pick up shares.

Dang it!
 

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Posted by cactus33 on :
 
right on gnul, still puzzled why people sold, oh well.. stop repeating myself. im not sure about the .007's. seems like thats to low for a stock like this. if people start selling in the .007's then i'd be shocked. but, I have been wrong before. im figuring it returns to normal tomorrow and we'll have a low vol. day. i've always thought we hold at 200 mva around .0082 or higher until settlement news.

adam can still spring settlement news anytime. seems like the lawyers would want some money before they go too far with all these lawsuits.
 

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Posted by cactus33 on :
 
saw this post from another guy... example of the power of lawsuit settlements and being caught on the sidelines.

I was invested in a company that settled a suit for 30 mil. on Christmas Eve of all times and the share price went through the roof. I like a dummy had a sell order in and missed the big profits, but I still made a little due to the PPS going up so fast that my sell order didn't kick in until another two cents in PPS had passed my selling point.
 

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Posted by gnulnx on :
 
I have personally removed my sell order for this exact reason. I was keeping a sell around .016, but I figure when it blows it might very well blow right past .016 up to .02 or so. It's all speculation, but one thing I have learned is you have to let winners run.

If it runs on no news then I may take some profits, but I certianly will not sell the day the news comes out.
 

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Posted by cactus33 on :
 
looks like this young oil company is huge in texas, doing dd. been around for 50 yrs. looks like they have tons of money. lawyers lickin their chops.

WHY, would people think that that pr was bad in any way. it was great imo. ceo of a pinkie actually gives a rats arsss about investors. and is willing to take the hard way out of this, fighting for whats his and OMOG.
 

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Posted by IWISHIHAD on :
 
To sell all your stock on settlement news like this would be nuts but each person has their reasons. This news would not be just normal news for a penny stock and there will be a lot of poitive things that should happen after the first pr. to really spike this stock, but we need that first pr. on the settlement.
 

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Posted by cactus33 on :
 
omog's like the late great rodney dangerfield..

....get no respect..

oil comp with a multimillion dollar judgement possibly coming... under a penny. i mean, adam isnt like the ceo of usxp.. LOL. i guess that so many people are used to ceo's blowing smoke they think adams fos with these lawsuits. i can assure those out their that these lawsuits arent meant to raise the pps on fluff bs. these lawsuits are for real. most pink investors would love to have a ceo in the forefront, looking after investors.
 

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Posted by hbbus700 on :
 
Cactus, I hope OMOG is nothing like Rodney. I worked with the guy & he was not that pleasant. So I hope OMOG is not like him
 

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Posted by cactus33 on :
 
im thinking either this stays flat and just moves a couple of ticks either way, or we have a nice solid friday with around a 10% gain. people may jump in on friday as a speculation play in case another pr comes our way late friday. People that sold today will probably regret it and jump in tomorrow again. Just speculation on my part, i have a hard time beliving that they'll be strong selling right now. the selling late today was someone spooking cheap shares out of people I think. JMHO everyone
 

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Posted by gnulnx on :
 
Just wish I had picked up a few more shares today.

I am in a dilema right now. I belive OMOG is gonna be big, but I am starting to think that PLNS is going to be bigger.

I need to allocate more cash to both investments. I wish I knew which one was going to hit first. My best guess is OMOG is gonna run before the end of next month which is the earliest I believe PBLS will run. Guess I answered my own question here.

Problem is PBLS looks poised to head up now...as does OMOG.

sigh...to many once in a lifetime investments and not enough capital.

LOL Oh poor me.
 

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Posted by tmanfromtexas on :
 
I dont own this stock presently but have in the past. I think that alot of people sold because they arent pr'ing about what the company is producing. They are just sueing folks. Not that there is nothing wrong with that but hinging a bet or trade on a settlement PR is kinda risky. Just my 2 cents. TMAN...
 

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Posted by cactus33 on :
 
tman, thats why most investors bailed last year and drove down the pps to .0038 just months ago. the investors all told adam he was nuts for just sue'ing and not pursuing oil and gas more. He even said this very much in a pr last year. defending his opinion that he will win, and omog was wronged. he had no choice to sue BDGR because of the massive embezzlement. go read the accusations they are highly criminal in nature. I'll look up the pr where adam defends himself for doing nothing but sueing. so t man are you saying a team of lawyers are gonna work a year straight, with nothing guaranteed but a cut of the winnings. Unless the payday wasnt their at the finish line due to the strength of the case? These lawyers arent slowing down, adam was screwed. do the dd on this anyone who's interested. these court documents are public record. Im guessing young oil is regretting trying to take advantage of adam now too. maybe they can cry in a corner with black dragon. dd on ceo of this OMOG... adam.. this guy gets what he wants..
 

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Posted by bond006 on :
 
A post from I hub I like this guys style

Posted by: stockhound101
In reply to: zangs who wrote msg# 1567 Date:5/11/2006 3:01:10 PM
Post #of 1570


We've got a regular John Wayne running the show now. He seems to be looking after the shareholders interest as well.
Might as well utilize the lawyers while you have them on retainer and go after all the crooks.
How big of an outfit is this Young Company and do they have any money to pay if they lose the suit?
I was invested in a company that settled a suit for 30 mil. on Christmas Eve of all times and the share price went through the roof. I like a dummy had a sell order in and missed the big profits, but I still made a little due to the PPS going up so fast that my sell order didn't kick in until another two cents in PPS had passed my selling point.
 

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Posted by cactus33 on :
 
tman, he addressed concerns like yours... please read.

Adam Barnett stated, "Our counsel has done an unbelievable job of unraveling the web of deception it appears that former management has woven with the millions of dollars of viable oil and gas assets that have passed through OMDA during their tenure. With the continuously increasing price of oil and gas, the value of these assets has increased significantly and justify the increased cost of engaging the highly respected Zimmerman, Axelrad firm, well-known for its expertise in litigation of issues similar to those involved here, which in turn will hopefully expedite the favorable outcome I feel the shareholders deserve. Nathan will continue to assist in the discovery phase of the litigation, but will be able to devote more time and attention to OMDA's drilling projects and prospective acquisitions." Barnett went on to say, "I strongly recommend any shareholder or prospective shareholder to spend some time looking at the filings on our legal update section of our website, particularly this most recent filing. It should demonstrate how strong a case we really have in repatriating what we believe could be tens of millions of dollars of assets as well as cash damages."
 

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Posted by cactus33 on :
 
just wondering if this is'nt the typical pr move by lawyers to strengthen their case against young. im thinking like a lawyer here...
dragon settlement news is imminent and coming.. why not take advantage of the settlement news before releasing it. So they sue young and release the pr about that. then the strategy is to release the settlement news with black dragon. then people open their eyes and say geesh, if they won against black dragon, and adam was saying along he was right in suing, he's probably right in suing young oil too. this pr may be nothing but a move to bolster their case. right now adam does look a little sue happy, and desperate in a way. But imagine how hard the tide will turn if they beat black dragon. it only bolsters their future lawsuits. just a theory.. if im right we get news soon on BDGR settlement
 

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Posted by cactus33 on :
 
if we open up at all and hold its all good from there, we'll get a bullish reversal confirmation... i dont think we look back either. here is what we are looking at tomorrow

The last two candlesticks formed a Bullish Meeting Lines Pattern . This is a bullish reversal pattern that marks a potential change in trend.
 

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Posted by Snappo on :
 
Young Oil has driven Adam to this, I'm sure, after much frustration and an over-abundance of patience unduly extended to Young Oil. Any businessman knows from experience that contract deadbeats are a fact of life, unfortunately. Sure, not knowing about Young's mounting breach of contract all this
time has brought about alot of head-scratching on our part, all-the-while with Adam chasing after them to do what they're supposed to do. It has sadly reached this point to where a lawsuit is the only manner in which to handle this bad deal. IMO, this PR was neither bad nor good, just informational for our benefit. So far as I can tell, it's all Adam can do 28 hours a day just to get OMOG cleaned up and on level footing - laying the foundation for a real Oil & Gas company. OMOG, IMO, will launch like a missile with news of settlement, followed by news on revenues & production, lease acquisitions, and business-building strategies. Cheers! Snappo
 

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Posted by DQ. on :
 
omog, pbls, and plni....can't get any better folks!
 

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Posted by cactus33 on :
 
we may see a lot of speculation buying tomorrow. I think buying pressure will be strong. IMO, very few weak hands own this stock right now. I think they were shook late today

a lot of longs now holding for news and many more people are throwing money at OMOG just for the possibility. i have had 3 or 4 IM's from people wondering whats up with this stock. word is growing.
curious to know what kay thinks of the recent news, too bad kay's so busy with work. she really can add valuable input..
I dont put it past adam to spring settlement news... fingers crossed..
 

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Posted by Jester37 on :
 
OUSTON, TX--(MARKET WIRE)--May 11, 2006 -- OMDA Oil and Gas, Inc. (Other OTC:OMOG.PK - News) announces that it has initiated a lawsuit in Dallas County District Court against Young Oil Corporation, Young Operating Company, Anthony L. Young, and Chris Jeffries. All parties have been served via USPS certified mail. OMDA Oil and Gas, Inc. alleges that Young Operating Company breached its Contract "by failing to drill wells, failing to report regularly to OMDA, failing to provide a consistent right of first refusal to OMDA, failing to pay OMDA for the gas wells that Defendants reported to OMDA to be producing, and wholly failing to comply with the 'Time is of the Essence' provision."

A complete copy of this lawsuit can be viewed at http://www.omogoil.com/legal_updates.html.

ADVERTISEMENT
OMDA Oil and Gas, Inc. entered into a long-term oil and gas play with Young Oil Corp on June 7th, 2005. OMDA Oil and Gas, Inc. invested $150,000 for an initial 20% interest in a six well program and first right of refusal on any other prospects on Young leases.

Adam Barnett, Chairman, stated, "After many delays in drilling, reporting, and producing requested documents on the part of Young Oil Corp., OMDA Oil and Gas, Inc. had no choice but to file litigation against the company and all involved parties. We have investigated the matter for several months, and we feel strongly we were misled as to the nature of these wells and that we were fraudulently induced in investing our initial $150,000.00." Barnett went on to say, "I have set a tone during my tenure as OMDA's chairman not to stand for any wrong-doings against our company or shareholders, and rest assured, OMDA will pursue this matter with great resolve."

About OMDA Oil and Gas, Inc.

OMDA Oil and Gas, Inc. and its wholly owned subsidiaries, OMDA Oil & Gas Management, Inc. and Texas OMDA Drilling & Operating, Inc. and OMDA Oil & Gas, Inc. (Texas) are in the business of oil and gas production and lease acquisition. Currently the Company owns average participation interests approaching 47%, in 355 producing and non-producing oil and gas wells in Louisiana and Texas, as well as 100% gross interest in an undeveloped 1,116 acre, horizontal play in the Panola Field, Panola County, Texas. Current acreage interests include a 15% working interest in 800 acres in Shelby County, TX and a Carried back-in working interest of at least 7.5% up to 37.5% in a 12 well work over play in the Concorde Dome Field in Andersen County TX, and is currently partnered up with Young Oil Corp, the largest Oil and Gas producer in Tennessee on 46,000 acres in North Central Tennessee, with an initial 20% interest in a six well program and a first right of refusal on any other prospects on the Young leases.

This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, statements relating to the future anticipated direction of the Oil and Gas Industry, plans for expansion, various business development activities, planned capital expenditures, future funding resources, anticipated sales growth and potential contracts. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.


Contact:

Contact:
OMDA Oil and Gas, Inc.
Investor Relations
800-621-0113
IR*omogoil.com
http://www.omogoil.com
 

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Posted by MsKay on :
 
Hi everyone. Didn't even get to log on to my computer yesterday. I was dying to know what was going on. I never expected that kind of PR. To tell the truth it makes me a little nervous but if the price goes down I will definitely buy more. I will say that if Adam is really the person that we believe him to be, then this is in keeping with what we've seen so far...but, all this suing does make one nervous. I'm going to try to do some research over the weekend on Young and see what I can find out. Oh, well...at least pennies aren't boring!
 

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Posted by gnulnx on :
 
MsKay it made me nervous at first as well. However as I sat and watched the trading day I can assure you that many people were there to pick up the slack. While there were million share sales going through there were also plenty of million dollar buys going through as well. I think it is going to have a hard time closing below the 8's and time soon.
 

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Posted by MsKay on :
 
We'll see how it goes today. I still feel confident that the settlement news on the original suit will bring at least .03-.05 range. This suit from the PR yesterday probably won't make much difference one way or another in the short term unless it means that ultimately Adam is trying to make this a real Oil and Gas company. We will have to wait and see on that. I wouldn't be surprised to see this go down today though. At this point, with all the new investors who really don't know the history, they can get spooked easily.
 

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Posted by gnulnx on :
 
I agree. Yesterday's suit doesn't mean much other than letting other companies know that OMOG means business.

Hey I wouldn't be suprised to see it go down either...in fact I hope it goes down some!
 

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Posted by tmanfromtexas on :
 
Cactus, I wasnt saying what Adam is doing by sueing companies that have wronged OMOG is wrong. All I was saying was that the shareholders that have dropped out may have because the company hasnt really put out much in the way of producing oil. With other small oil companies PR'ing (some with merit some without) news of production it makes investors move their money around. I think if Adam would pr something substancial about production it would do alot for shareholders confidence. I know it would make me think twice about investing here, even if I miss the initial run. TMAN...
 

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Posted by MsKay on :
 
TMAN I hear what you are saying but the only diffrence here (if you do some DD) is that Adam Barnett was an investor in OMOG, realized that there was real fraud going on, and purchased enough stock for a hostile takeover of the company. Although they have done some real O&G business, Adam has spent most of the time trying to unravel what was going on before he took over. Once he realized how appalling the situation really was, he committed to correcting that and turning OMOG into a real O&G business. As far as I can tell (and I am very suspicious of pennies), he seems to have kept his word on every issue. The former management included a convicted felon and others who were most certainly taking OMOG stockholders to the cleaners. I guess there is some part of me that believes that there are some good people in the world. If Adam is legitimate in the end, he's a modern day hero!
 

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Posted by cactus33 on :
 
i agree with you tman, people get impatient. a pr about producing wells would be nice. but since dragon fleeced him for everything he has to go get the wells back.. then he can put out the pr..
 

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Posted by cactus33 on :
 
super low volume
 

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Posted by MsKay on :
 
Holding its own on a Friday. That is really good.
 

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Posted by cactus33 on :
 
i think that the pr made others nervous because they want settlement news. I dont think that adam would release that w/o settlement news close. If settlement news isnt close, then i question the timing of that last pr. pretty much a waste of paper really since people are waiting on a settlement
 

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Posted by cactus33 on :
 
someone take one for the team and run the pps up on little trades to trigger a buy confirmed...haha

just kidding
 

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Posted by tmanfromtexas on :
 
Well lets hope he can make things right for the current shareholders. Good luck.
 

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Posted by gnulnx on :
 
cactus I would do that for the team except I know a ton of people are buying in the 8's to simply sell when we cross 10.

I may have to do that for pbls today tho.
 

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Posted by cactus33 on :
 
lookin at the chart and past trends .008 is as low as it should go. if it goes lower we should see strong buying pressure. just comparing to past trends
 

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Posted by gnulnx on :
 
I think you are right cactus. Unless there is bad news you can count on a million shares worth of reistance from me in the 7's.

I am thinking it may be time to throw a little resistance at PBLS as well.

The entire market has been due for a correction so I am a little leary about averaging down more...but the pinks don't seem to trade in sync with the rest of the market.
 

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Posted by cactus33 on :
 
ask went to .008 and got nailed
 

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Posted by cactus33 on :
 
ughh ohh, here we go again..
 

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Posted by cactus33 on :
 
mm's cant stand low volume on this stock.. it totally freaks them out in this range. they always bring it down on low vol to bleed out cheap shares.... happens everytime
 

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Posted by gnulnx on :
 
That's it come to pappa.

SELL SELL SELL PEOPLE SELL.

Suckers!
 

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Posted by gnulnx on :
 
How come I can never see my limit order on pinkseets? Really makes me question how accurate it really is.
 

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Posted by cactus33 on :
 
vol just doubled
 

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Posted by gnulnx on :
 
Yeah we have a lot of people dumping because of the overal market picture and a lot of people that were waiting to buy at 8.

Interesting day.
 

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Posted by ANR on :
 
maybe i will get another chance to pickup near .007 again!

[ May 12, 2006, 13:16: Message edited by: ANR ]
 

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Posted by gnulnx on :
 
I hear ya ANR. Starting to get ugly. You might want to set your order a little above 7 as there is a sizeable order sitting on 7....assuming pink sheets is right.
 

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Posted by gnulnx on :
 
Queit before the storm?
 

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Posted by IWISHIHAD on :
 
Investors are staying with this one you always will have some that bail. The CEO is cleaning up under the rug at OMOG. In a lawsuit when you do your investigation by doing subpoena's and deposition's all kinds of things and people come out, this is why they probably added to their base in this lawsuit. By adding another party they may find another tie also under that rug. The CEO of OMOG must be clean or he would never had brought action against them in a court of law and they would not be in settlement talks.
Here is some information that might have been posted prior but i guess i did not read the fine print. This is from another board. _________________________________________________

Von einem anderen board:

if you do some further research on this company... take a look at the lawsuit info on the company website... should be under the tab legal update. One of the finest corporate law firms is representing OMOG's suit against prior management and advisors. The law firm is so confident witht this company that they are only going to take a percentage of what is won. The law suit is for 36 million plus property and other damages. This is huge guys.

The law firm is- http://www.zimmerlaw.com/zamsw.htm

OMOGs website- http://www.omogoil.com/legal_updates.html

An interesting point for shareholders is that when we first engaged counsel, it was purely on an hourly basis. As I mentioned above, counsel has now concluded that there seems to be a wide reaching Corporate Tort going back many years involving a considerable amount of additional Company assets that appear to have been illegally transferred to defendants. Due to these new revelations, Counsel has offered to amend his retainer agreement from pure hourly, to primarily contingency on recovery of items and damages that we originally were not expecting. Which to those who don’t understand the difference means that he is confident enough now that we not only should prevail in our original action, but should recover a significant amount of other assets or financial relief that he is willing to “spec” a good bit of his time on the bet that a percentage of recovery will far exceed his normal $450 an hour rate. This is obviously a positive for shareholders in two ways in that it conserves capital for our new ongoing Oil and Gas efforts and creates an additional incentive for counsel to go after every possible item of fraud over and above our original goal of just recovering known assets and records while putting the cost risk primarily on him. I want to stress that under the new agreement, only a very small portion (10%) of the contingency would affect items that we originally were going after, ie. the 300+ stripper wells, the majority of the contingency comes from recovery and damages over and above these items.

Additionally, at the suggestion of Nathan, we have increased the litigation team by bringing in an additional law firm to effectively bifurcate the actions and speed up recovery of the original items we were after while not putting pressure to hurry on the expanded investigation which seems to be bearing significant and very valuable fruit.
 

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Posted by IWISHIHAD on :
 
The part i had missed was the contingency on the 300+ wells.
 

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Posted by gnulnx on :
 
If understand correctly that means the lawyers only get paid over and above the 300+ wells? Is that correct Wish
 

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Posted by cactus33 on :
 
yep, when i did dd on that law firm i threw all sorts of dough at this. pretty sure these guys arent gonna lose. these lawyers are much more patient than the shareholders though. lol
 

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Posted by gnulnx on :
 
no doubt...I was so impatient waiting on .0074 that I bought another 150K at .0079. I have a feeling we are gonna hold this level for the rest of the day.

I simply did not want to pass up an opp to pick up a few more shares under .008.
 

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Posted by cactus33 on :
 
the balls in adams court right now. the last pr backfired. we want real news
 

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Posted by gnulnx on :
 
yeah..and we wanted it yesterday!
 

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Posted by IWISHIHAD on :
 
Yes and that surprises me, the part about the lawyers they must see hugh dollar signs. I was not going to buy more but at these prices i can not resist, we have nothing at this point to say anything has changed except it is taking time.
 

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Posted by IWISHIHAD on :
 
I do see where investors are coming from on this stock. I would like to see some updates on the settlement talks so we would have a better idea of where they are at. They have kind of shut down communications with investors other than news about filing lawsuits which does not help the pps. this should be a signal to the CEO.
 

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Posted by MsKay on :
 
I'm sure at this point the "current" pps is not at the top of the CEO's priority list. He knows this will be settled and the pps will go through the roof. What it is right now is irrelevant. He stated that they could not release anything until the settlement was final and anyone can see that releasing anything before it is final would be useless anyway.
 

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Posted by IWISHIHAD on :
 
You are right in some ways but i do think he is concerned about the pps. now and in the future he owns to many shares not to be.
 

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Posted by IWISHIHAD on :
 
I think the CEO is very much like us that are holding, you will buy more if it drops much but you hate to see the green decrease it's like a catch 22.
 

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Posted by gnulnx on :
 
Adam is in HUGE on this. I promise he cares about the pps. He however is in a position to truly see the big picture and is willing to wait as long as it takes. I'm with him.
 

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Posted by cactus33 on :
 
exactly, im sure he's focused on the settlement. pps will take care of itself. adam knows whats really going on, we all just have to speculate. I'd like to know how many hours these lawyers have on this case. I emailed adam the other day, havent heard back yet
 

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Posted by gnulnx on :
 
Just ready for Friday to end. Pretty bloody day so far.
 

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Posted by cactus33 on :
 
yea, this weeks been brutal for me pretty much. i'd be really surprised if people dont nail the ask late.
 

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Posted by Hold-em-er-fold-em on :
 
.08's are back in town!
 

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Posted by MsKay on :
 
I didn't mean to say that the CEO didn't care at all about the pps, but only that this small dip doesn't really matter in the long run. I sat at .004s for long enough to appreciate .007-.008.
 

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Posted by gnulnx on :
 
I think we finished pretty strong.
 

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Posted by MsKay on :
 
Not bad for a Friday!
 

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Posted by gnulnx on :
 
I think we held pretty good inspite of a broader market sell off. We should be good unless we slip into a recession...which I think is possible.

GO ADAM/OMOG
GO PBLS

Yeah WEEKEND!
 

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Posted by cactus33 on :
 
gnul, i think you are into something with your thinking, but that primarily affects big board stocks. pennies have a mind of their own. companies can run in pennyland when they are millions in debt and on the verge on banktrupcy. no matter whats going on with the economy. its like gambling really..
 

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Posted by gnulnx on :
 
I don't really see this as gamling so much. There has been a fair amount of DD done here. Gambling is chasing superman around...that's gambling.

Learning about a company and being confident enough to watch your portfolio shrink in value is investing...risky investing but investing non-the-less.
 

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Posted by gnulnx on :
 
I was just checking out the raging bulls thread and realized that is mostly a bunch of bashers...glad our little thread is better.

Although we do seem to be one sided with our opinions it is still better than having a nonstop basher posting every other post.

**knock on wood**
 

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Posted by cactus33 on :
 
I think adam is regretting the last pr. i dont think that the next pr will be about him sueing someone new...lol

next pr should be something regarding the settlement, good or bad. or some new oil lease deal.
 

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Posted by gnulnx on :
 
AMEN BROTHER!
 

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Posted by MsKay on :
 
I'd rather he just continue to post updates without worrying about how they affect the market. Just tell us what is going on one way or the other. I've always liked that about OMOG. You don't get alot of fluff PRs or spin PRs...just what is going on.
 

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Posted by cactus33 on :
 
thats rb, its like the same dude, with three aliases that has a love affair with bdgr and hates adam. notice the guy just slams adam all the time. bashers come thru here, but kay and wish blow them out of the water. there are legitimate questions to ask though, i welcome the doubters.. Ive even doubted OMOG before and thought adam was FOS. I dont know the guy, just from what i read. But, if he is just bluffing now then he'll have a lot of questions to ask. im betting that he delivers so he's respected by others. not the other way around.
 

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Posted by MsKay on :
 
I know. I can only take so much of RB. I never post there but I read it some. I don't mind legitimate negative DD but I can't stand some basher who posts inane comments with no substance. If you know something or have an actual hypothesis based on research, then by all means post it. That's what we are all here for. But just bashing irritates me.
 

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Posted by cactus33 on :
 
looking at the chart, looks to me like its ready to bounce off of the rsi 50 line. comparing to past trends. macd doesnt stay negative long with this stock. Ironically, if they didnt launch that pr, Im thinking pps would be at .0085 right now. looks like the last pr po'd investors rather than convincing them to stick around lol
 

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Posted by gnulnx on :
 
yep if adam released a pr monday about the settlemtn combined with the techs...oh my.

If not then I am not convinced the techs matter as much on pennies. I mean heck today's movement was probably no more than 100 hudred people trading.
 

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Posted by cactus33 on :
 
just doing some dd on young oil because i was bored.. they are the the largest oil and gas producer in tennessee. deep pockets at play here.

adam even said again in the last pr that he was setting the tone as a no nonsense ceo. Im thinking adam is growing up and may maintain the reigns at omog even with a settlement. I doubt that he'll turn it over to a bunch of people, probably too paranoid he'll get ripped off. bottom line is that you always have to stay on top of things or else you'll get screwed. I think he's learned that. i still have a hunch that their is an ace up adams sleeve with this. 2 theories.. the settlement is done, and adam wanted to file this lawsuit before announcing the win with black dragon.. this is a typical trick lawyers use to try their case in public. makes young oil look guilty already if this happens. Or this lawsauit, along with the last petition against bdgr, is nothing but a pressure tactic to quit bdgr from stalling in mediation. if bdgr takes this to trial they are taking a big risk. to open up criminal actions to a judge could have serious reprucussions. judges are required by law to report illegal activities brought out in civil trials to prosecutors. prosecutors then decide if its worth prosecuting or not.. seeing these guys are past felons, the prosecutor may very well take up a case. plus adams lawyers have tons of evidence that a prosecutor can demand to look at. im sure omog would be happy to aid prosecution if these guys stall.
 

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Posted by cactus33 on :
 
funny, i remember when this thread was 2 pages haha

go omog....
 

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Posted by IWISHIHAD on :
 
cactus,

I agree with you, losing money is one thing losing your freedom is another i think this is their ace in the hole.
 

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Posted by IWISHIHAD on :
 
Another thing is that i feel that bdgr has been involved with the settlement all along but in the background, lets face it if you were dealing with people that are named in a lawsuit like this you have know that there is a good chance you will also be named even if its just to open their books up which no defendent likes, i am surprised they did not do this sooner.
 

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Posted by cactus33 on :
 
i know that if someone was taking me to trial, and blaming me of the following.. I would be drinking heavily and not sleeping well. They must have good evidence b/c its slanderous to accuse people of this stuff without evidence to back it up.

nasty accusations going on here.. any prosecutors out there in houston bored.. i think we have someone for you. oh yea, i noticed securities fraud in this too. SEC enforcement.. are you watching this too, feel free to hop on in for the jamboree? im glad i loaded heavy in this hahahaaa... these guys are burnt toast IMO

BREACH OF FIDUCIARY DUTY, CANCELLATION OF INSTRUMENTS, CONSPIRACY, CONVERSION, EMBEZZLEMENT, FRAUD, MISAPPLICATION OF FUNDS, MISREPRESENTATION, NEGLIGENCE, NEGLIGENT MISREPRESENTATION, SECURITIES FRAUD, THEFT, THEFT OF CORPORATE OPPORTUNITY, TORTIOUS INTERFERENCE WITH CONTRACT, UNJUST ENRICHMENT, CLAIM TO INTERPLEADER, AND DECLARATORY JUDGMENT PLAINTIFFS' FIRST AMENDED COMPLAINT FOR BREACH OF FIDUCIARY DUTY, CANCELLATION OF INSTRUMENTS, CONSPIRACY, CONVERSION, EMBEZZLEMENT, FRAUD, MISAPPLICATION OF FUNDS, MISREPRESENTATION, NEGLIGENCE, NEGLIGENT MISREPRESENTATION, SECURITIES FRAUD, THEFT, TORTIOUS INTERFERENCE WITH CONTRACT, UNJUST ENRICHMENT, CLAIM TO INTERPLEADER, AND DECLARATORY JUDGMENT.
 

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Posted by gnulnx on :
 
OMOG has moved up to #8 on pinksheets most requested securites list.

There are a lot of people watching OMOG right now. I sent an email to OMDA asking about a current book value estiamte as well as inquiring as to whether or not they will become a fully reporting company once the settlment is over.

In my opinion the settlment is only going to be phase one of this OMOG BULL. I am guessing after the initial settlment Adam will do his best to start the process of becoming fully audited. I also think he will most likely start a share buy back program.

In my opinion no company can truly reach it's real pps unless it has audited financials.

I have also inquired about the current production capability of OMDA wells and interests.

Ultimatly the actual value of the settlment (37 Million) isn't really all that much. BUT if many of those assets can generate significant revenue then it will be game on time.

My Predictions.

Settlment news: .02-.03
Commitment to become fully reporting: .10-.20
Share buyback program: .40-.50
Growth over 3 years and listing on OTCBB: >1.0

The above predictions are my best guess at how the company will choose to grow shareholder value. Since Adam is not drawing a salary it is in his best interest to increase shareholder value in the fastest way possible. In my opinion the best way possible follows my predictions.

Any one else have speculations worth sharing....or access to good financial information that we can use to make more realistic financial number predictions?

I have a server that I would be willing to spare in order to host a DD website much like the PBLS one. I am willing to build the site and pay the bills to keep it up if others are willing to help contribute a well written DD? Any interest?

It might be worth collaborating through email so as not to clog up the allstock message board. If any of you are interested send me an email at:

gnulnx * gmail dot com

Have a good weekend everyone.
 

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Posted by weatherbill on :
 
some aptience here, but will pay off huge if in long
 

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Posted by cactus33 on :
 
I think that the fully reporting business is all second-hand to the settlement. their is no way that they can think of being fully reporting in any way until they unravel this mess in court and completely start fresh, figure out what you have from the settlement and then go to work. I dont think their is anything to fully report. OMDA hasnt been doing much but sueing these guys, adam even admitted that a year ago, when he defended his actions.
a lot of investors told him to just forget sueing, and that he was nuts. but he got a team of lawyers, paid them 400 bucks an hour for like a month. the lawyers then told them that there is enough evidence that they feel its worth it for them to work only for a cut of winnings.

So, IMO.. it all depends how the settlement plays out and how adam pr's it. if we get like 8 million in cash and wells, he doesnt elaborate what he intends to do with it pps only goes to .02'

If he gets cash and wells and then specifically lists OMDA's strategy for the future, ie. future barrel prediction, or share buyback. panola drilling.. then pps goes to .04 at least.

yea, if everything goes swell, fully reporting with wells operating, years down the line. pps rests at .45

just all my guessing. who knows how this will play out.
gnul, if you wanna crank out a website, thats cool. not much else to dd though thats not already here at kays thread. i wouldnt post as much, but ive been creatively unemployed for a year now. I kind of dig it that this thread is front page now. for months we were 4 pages back all the time. Dont worry about posting at allstocks, look at qbid threads, all they do is just freak out and BS about stuff. like one big happy family... lol.
 

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Posted by tmanfromtexas on :
 
Hey guys, I can be the resident basher. I really dont have anything destructive to do this weekend so I will be checking in from time to time. just kiddin...TMAN...
 

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Posted by cactus33 on :
 
i think its funny when people bash here, its cool. there is so much dd and things are so apparent. we are all waiting for the results of the mediation. nothing much else going on. its a pure speculation play right now pretty much. im speculating that OMDA settles this sooner than later and establishes itself
 

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Posted by gnulnx on :
 
"gnul, if you wanna crank out a website, thats cool. not much else to dd though thats not already here at kays thread."

MsKay, you, and wish have all certainly done some serious DD, especially MsKay. However we are all missing real financial dd. Anyone have a good guess at current book value of OMDA? What about earnings for the last couple of years? There is a lot of information that we are all missing. The future of the company will rest on open access to these types of number...and AB understands this.

As far as the website goes I was just thinking of something that would reduce the large amount of noise from press releases down to something that a newbie could quickly digest. Maybe separate the business portion of OMDA from the legal proceedings. To be honest OMDA has a darn good website that is very accessible to dd. I certanily don't want to set up a website to pump OMOG, but to help others quickly make a decision about the value of OMOG.

I have to admit that the more times I re-read statements from AB the more impressed I am. The only thing that is bothering me is the lack of any kind of financial statements. I need numbers. How much money is OMDA making? How much do they expect to make. Without access to these numbers it is hard to justify a large investment. Take a look at PBLS. That company is so under valued that when they actually release audited financials it is gonna run hard...assuming the numbers are close to what they claim. I would like to see OMDA in the same situation. I am excited about the pending settlement like everyone else, but I am also excited about the future potential of OMDA. I mean this is a real company that is doing business with other real companies. Adam needs to give us some un-audited financials and a commitment to becoming a fully reporting company. This needs to happen ASAP following the settlement news. Otherwise I fear we will simply see a spike to new highs for the summer and then a return to much lower levels next fall. The ball is in AB's court.
 

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Posted by Rbreb13 on :
 
The way I see it is this.

Until the settlement news or a court date we will languish in the .007x-.009 range. We may see an occasional pop to .012-.014 on rumor or anticipation.

After the settlement news AB will need to publish a string of PR's the main one being some guidance for what diection the company is going to go with the acquired assets.

After that a share buyback PR would be good. Even a few to 10 million would show investors that AB is serious about taking the company up.

Announcing production numbers for oil/gas along the way will certainly be in the picture also.

Financials will be forthcoming IMO. But they will take some time to assess after the settlement. Even unaudited financials could take months.

As for the share price during all this I really don't have a clue where it will go.
The only thing I know for sure is that it will be up!
 

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Posted by IWISHIHAD on :
 
gnulnx,

I agree in part to your statements. I have said all along it would be nice to see more information on the current state of affairs of OMOG, to much emphasis has been put on the settlement, unfortunately this is the way it will be till after this thing is done. All OMOG efforts are aimed at this settlement and that is the unfortunate part of being a small business(i have been there) The upside to this is that these assets as you stated should be real assets vs stated assets or i think might be undervalued assets because it is a court action. $37,000,000 for a penny stock is a huge amount of "true" assets(cash-oil wells). I think after the settlement you will see this properties re-assessed and given their real value. In my opinion stating assets is necessary for investors to try and get a real grip on a company unless you are on the inside, but you should realize that those assets can be looked at so many ways whether the company is on the Pinks or the Dow. To give you a little jist of what i am saying with out saying to much, when you buy real estate now you have some new ways to buy, lets call it creative financing. When you go to qualify you can use stated income or real income, stated income is great to help people qualify but i am sure some of these people would not want to pay taxes on this stated income if you get my drift, this is much like the differance between stated and real assets in the marketplace that's why i think $37,000,000 real assets is hugh for a penny. As far where the pps. is going after the settlement i feel it will go beyond .02-03 quickly but part of this depends what the market is doing and what oil stock are doing at time of settlement it hit .016 without news. This is just my opinion now lets get this settlement done so we can see what OMOG is going to do longer term.
 

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Posted by IWISHIHAD on :
 
Here is a little more food for thought.... I could see a cash dividend as a possibility on this stock from the settlement, i think it depends on two things 1. How much cash the CEO has personally 2. How much cash comes back in the settlement. What better way to keep your shares and keep investors happy CEO included, it is probably a better way than paying youself a salary (tax wise).I know it is unheard of in the pinks but for some reason i would not be surprised in this case.
 

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Posted by cactus33 on :
 
hah !

http://atom.smasher.org/construction/?l1=omog+%2B.20&l2=BDGR+out&l3=of+&l4=busin ess
 

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Posted by hbbus700 on :
 
LOL, now email that to BDGR...LOL!!!
 

---

Posted by cactus33 on :
 
im gonna email it to adam, he'll probably laugh
 

---

Posted by IWISHIHAD on :
 
Cactus that's a good one.
 

---

Posted by cactus33 on :
 
some guy at another site actually came up with it.
it is funny
 

---

Posted by Cabbie Mark on :
 
Good morning...just bumping it back
 

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Posted by gnulnx on :
 
Good morning Cabbie. Hang in there man.

Maybe we should do a pr dance today?
 

---

Posted by ANR on :
 
<--dancing
 

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Posted by cactus33 on :
 
low volume.. mm's take us down. gutcheck time
 

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Posted by gnulnx on :
 
gutcheck nothing..buying time!
 

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Posted by cactus33 on :
 
people are really losing patience. that last pr really backfired, looks like. he better come out with an update or something.
 

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Posted by gnulnx on :
 
I think rbreb nailed it. We will trade between .007 and .009 until the "real" pr. If it takes along time we me see spikes above .01 and below .007 but on average we will be between .007-.009 I think.
 

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Posted by cactus33 on :
 
bid at .007 cheap shares
 

---

Posted by gnulnx on :
 
I'm picking up a few...wish I had waited on friday. Oh well you just never know how the market is going to react. Oil is down, gold is down...this is all temporary IMO.
 

---

Posted by cactus33 on :
 
just got 100000 more at .0071
 

---

Posted by cactus33 on :
 
this isnt going to get better unless we hit 10 mil in volume
 

---

Posted by gnulnx on :
 
why do you say that cactus?

To be honest I wouldn't be suprised to see a larger selloff down into the 6's again...chart is looking pretty rough right now. I think you would have to be foolish to sell here, but then everyone has to work their own MOJO when it comes to investing. I'm holding this one.
 

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Posted by cactus33 on :
 
because mm's walk this down everytime with low vol. then it panicks people. very routine. once we hit 10 mill in vol. mm's feel better and let it go. anytime it hits 50 rsi or under.. pop.. right back up. im gonna keep buying my arss off. 2 mill strong now. either i go out in a blaze of glory or I'm rolling...
 

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Posted by cactus33 on :
 
see, as i was writing that... SNAP.. right back..
good, i can use some luck gettin in low
 

---

Posted by gnulnx on :
 
cactus: No Guts no Glory Man!

If we drop into the 6's I will be 2 million strong with ya.

Anyone got a spare valium?
 

---

Posted by gnulnx on :
 
look at that bid ask spread.

.0071 - .0076
 

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Posted by cactus33 on :
 
mm's trying to get cheap shares.
 

---

Posted by gnulnx on :
 
It looks like you may have bought at the daily low again cactus

**knock on some wood**.
 

---

Posted by cactus33 on :
 
i hope gnul, i really need some luck b/c my portfoilo's gettin beat up. i gambled on a good filing from some other comp. and they didnt come thru. got pounded on that. if volume picks up, it should close in the high .007's at least. if it drops into the .006 range, I'd be really surprised.
 

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Posted by gnulnx on :
 
I close in the high .007's would print a bullish reversal on the 1 day chart. Not that techs mean much here.
 

---

Posted by Cabbie Mark on :
 
I'm just a sittin down in here in Texas praying for good news. Rock on Adam!!!
 

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Posted by cactus33 on :
 
cool cabbie, maybe stop by omda and see whats going . heh

bid, one tick over the current pps. looks like people are shaking their heads no about selling lower. good sign.
 

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Posted by gnulnx on :
 
omog number 6 on pink sheets requests.
 

---

Posted by Cabbie Mark on :
 
LOL...I'm sure Adam and his staff would freak out. 50 year old hippie with gray pony tail down to his knees walks in and wants some good news. Ya think I could get an interview?....lol

Go OMOG!!!!!!!!!!
 

---

Posted by gnulnx on :
 
Well Cabbie. Interesting you post that. I emailed them friday and I just got an email back from them asking me to give them a call.

Any questions you would like me to ask when I call them?
 

---

Posted by cactus33 on :
 
cool gnul.. yea, whats up with this settlement. and to release a pr that means something. heh..

good luck. i called them before a while ago. i know wish has called. at least they care about their investors. i'd like to see a pr about something other than sueing
 

---

Posted by gnulnx on :
 
BTW that that last response was directed towards eveyone. We might as well compile a list of questions that the groups wants before I call them.

My main question is about a current estimate at book value..mainly an estimated value for current assets.
 

---

Posted by Cabbie Mark on :
 
Nothing specific really. U know the questions we all want to hear

I sent them an email just to offer my support and got this back just now:

Thanks for your interest in OMDA Oil & Gas.

Investor Relations
800 621 0113

Short and to the point eh?

Go Adam!!!!!!!!!
 

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Posted by cactus33 on :
 
imo we go up from here, too much buying pressure. vol picked up a little. no one is selling anymore at .0072 looks like.. fingers crossed. i dont really want to dip farther than this. you could ask adam when the next investor picnic is? heh... i would also ask them if they have a plan for the settlement money also.. glty
 

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Posted by cactus33 on :
 
another chance at cheap shares coming up.
 

---

Posted by cactus33 on :
 
i guess today was the day to return emails.. got my email back too. nothing really but call me..

Mr....

Thank you for your kind words. I have passed them on to Mr Barnett.
Please feel
free to call our investor relations line toll free if you have any
questions at
800 621 0113.

Thank You
 

---

Posted by gnulnx on :
 
Yep mine was pretty much the same with a few interesting typos:

Mr ...

Thank you for your interest in OMDA Oil $ Gas. We invite to call our investor
relations department toll free at 800 621 0113 to answer any questions you may
have.

Thank You

Investor Relations

I tried to call once before lunch and got no answer. I will try to call again in a few minutes.
 

---

Posted by MsKay on :
 
Wow..down today. I'm surprised we don't have a basher yet. It's so hard to wait! I hope someone gets through and can give us an update.
 

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Posted by cactus33 on :
 
vol closing in on 10 mil. should go up from here. jusy my guess. dont wanna jinx though. im tempted to keep buying, but im too chicken S
 

---

Posted by gnulnx on :
 
I think U2 had the words wrong.

Monday...bloody Monday.

Seems a little more appropriate
 

---

Posted by gnulnx on :
 
I left a message with OMDA IR. Hopfully they will call back today

People are dumping pretty hard now. We will almost certainly close in the 6's today.

I keep telling myself this: Adam is the largest shareholder. He is not drawing a salary. I'm holding.

I repeat it like a Buddhist mantra.

Good luck everyone.
 

---

Posted by cactus33 on :
 
this kind of reminds me of the last time it ran over a penny. fell back to .0067 and everyone kicked themselves for not buying again b/c it ran back up over a penny again. if it goes under .007 im gonna buy hard. im buying from past chart trends.
 

---

Posted by gnulnx on :
 
I'm gonna take a wait and see about were I buy in the 6's. Dang we need a good pr. Last time we dipped into the 6's on no pr...now we are going down because people are loosing faith. Well you can't have my shares. Way I see it my shares are worth 10 cents each.

Plus oil and gold are getting hammered today. Oils down under 70 etc.

It's not like things have really changed since last week. This is another hickup in my opinion, but I sure don't like the chart. I would feel a lot better if we finished the day closer to the open...of course I guess we all would!
 

---

Posted by cactus33 on :
 
why do you think chart looks bad? this thing rarely stays negaive 50 rsi, and macd looks like its peaked negative looking to start the march back to the crossover line. im comparing past trends. this is soooo normal for this stock to trade like this. i have another buy order in at .007.. balls out
 

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Posted by bond006 on :
 
just need a good pr today and away we will go this stock is all news that drives it now after the suit and we have cash and value thats different
 

---

Posted by cactus33 on :
 
wonder why my .0071 bid isnt showin? just upped it
 

---

Posted by gnulnx on :
 
I guess the only think that is really bad looking is the double top formation. Also we are below both the 20 and 200 day MVA's. For me the 20 is a short term bull/bear indicator and the 200 is a longer term indicator. Also if you look at a longer chart you will notice fairly extended periods with an RSI under 50.

Suffice it to say that I am not at all convinced at what the technical indicators are saying to me on this stock. I think it's just a really bad day and it will correct itself. The sooner Adam gives us some info the sooner it will correct.

Anyway it appears we have stabalized for the moment. **cross those fingers**
 

---

Posted by cactus33 on :
 
cool, everyone looks at different things. i see your point. technicals help, but may not apply. I think people wanted to hear settlemrnt news, they bailed when they heard something else. i have a bid aon, thats why its not showing i guess. ask usually gets hit oed.. we'll see
 

---

Posted by gnulnx on :
 
I never see my bids on pink sheets? Can't figure it out.
 

---

Posted by cactus33 on :
 
I'll see them on the ameritrade ticker usually if im on the highes bid. you can really play around with peoples head taking the bid off and on, especially when people arent patient. a lot of people at allstocks are good at manipulating stocks like that. just sucking cheap shares out of people. I dont do it, not enough patience.. just got filled at .0071 again. if it foes down from here, i lost.. if up.. its all good. ahhhh the world of pennies. ROLL the pr Adam. im all loaded up and waiting to bust out the party hats
 

---

Posted by gnulnx on :
 
Well I holding until it's all gone but $300.00. That last 300 will be used for a plane ticket to texas...I'll be wearig my $hit kickers!

j/k

Let's ride.
 

---

Posted by gnulnx on :
 
Man I sure hope I was wrong about closing under .007 today!!

Come baby hold your ground.
 

---

Posted by IWISHIHAD on :
 
I just got of the phone to see if anything was new still the same, i did ask why they did not re-open the court date when they started with the new party(bdgr) to help push the settlement along, he felt that this was good news that they felt things were still moving along in the settlement, all we can do is sit back and see what happens.
 

---

Posted by cactus33 on :
 
yep, may need a damage control pr though. seems like the last one backfired in our face. we need oil news
 

---

Posted by cactus33 on :
 
well, that was fun..
im pretty surprised this isnt at least .008 or in the high 7's. seems to me people are getting shook hard. interesting what happens tomorrow from here. awful close.
 

---

Posted by gnulnx on :
 
"well, that was fun.."

I bet you like the dentist too!
 

---

Posted by gnulnx on :
 
Well we did manage to finish the day above .0069. I suspect there were a few people dumping that bought on the last run up....Cabbie I hope your still hanging in there man!

Wish did you call the 1800 number for the IR department? I tried calling a couple of times today and finally left a message. Still no return call from them tho.
 

---

Posted by Cabbie Mark on :
 
Gnulnx..u know I'm hanging..I bought in at .0125. I've gotta hang )

Good things are worth waiting for my momma always used to say
 

---

Posted by IWISHIHAD on :
 
gnulnx,

Yes, they usually do not answer but today he said he was in the office you might try again.
 

---

Posted by cactus33 on :
 
Oversold condtions approaching. RSI 45 right now.
lowest it has ever been was 40 3 times in last 4 months and it sprang off the 40 line like a trampoline each time. If rsi goes near 40 tomorrow from more shaking, im gonna keep buying hard. 40 rsi is dangerously oversold IMO for this stock.

just my opinion and how i see it
 

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Posted by cactus33 on :
 
looks like someone else over at cwfg caught onto my atomsmasher i found, hah.. its all good.. it is catchy..

drank some beers, and felt like venting. i know its cheesy, but i couldnt resist...

http://atom.smasher.org/construction/?l1=WTF&l2=OMOG+DOWN&l3=%2512.5&l4=OVERSOLD +%21
 

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Posted by cactus33 on :
 
oops, for what its worth.. the correct version. hah

http://atom.smasher.org/construction/?l1=WTF&l2=OMOG+DOWN&l3=12.5%25&l4=OVERSOLD +%21
 

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Posted by Rbreb13 on :
 
I didn't expect it drop this low. I bought more at .0075 which I thought would be the bottom. Looks like I was wrong there. I hate having to set limit buys and go to work. Oh well still a good price.

Last time we went this low we had a nice little pop the following 3 days. We'll see if it happens again.
I'm wiring more $$ to my account in the morning!
 

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Posted by cactus33 on :
 
i TOTALLY agree with you rbreb, im pretty surprised that its this low too. I just think that a lot of people bought into that last run high and decided to take their losses and move on. I noticed their was a lot of new people here last week, now there is hardly anyone.
its the funniest thing with this stock people get impatient really quick, but on the other hand, this stock can gain mega-hype in hours, and everyone piles on and momentum buying drives it. I bought heavy again today at .0071.
I think we are oversold here, and if it dips fast in the morning, we are way oversold, and we pop. just my guesstimation. I'll be shocked if this goes down into the .006 range. I'll wire more money too at that point.. hah.
 

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Posted by hbbus700 on :
 
I'm still around, just being quiet. What do you mean cactus about it being oversold?
 

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Posted by gnulnx on :
 
I sure hope you both are right....either way I have funds set aside for a stong buy in the 6's.

Christ this was a crappy day..down like $1600 bewteen PBLS, OMOG and NBR.

I mean jesus it's not like Iran disapeared and it's not like we found more oil. This is temporary...we all know that.
 

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Posted by gnulnx on :
 
Ok here is my worst case scenario.

We plummet in 2 day's down to .0055 and we all suck it up and buy our arses off....and then we pop back up.

This is a violent stock with 50% price moves like every dang month...awsome trading stock. Lets roll OMOG.

My shares are worth a minimum of 10 cents each so bring it!
 

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Posted by cactus33 on :
 
most of us are gettin beat up, it will come back. this penny stuff isnt for the faint hearted. every tick omog moves its like 300 bones for me. not worried though. we'll see what happens. no guts no glory. settlement will come and adam will build this into a serious oil company in texa. young guy with a lot of ambition
 

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Posted by gnulnx on :
 
Yep, that is what I'm bettin on. Winners have a way continously winning...Adam bought OMOG in the open market at 31 year old...hell yeah just let me get one hand on those coat tails! Let's ride.

You are right tho pennies are not for the faint of heart.
 

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Posted by MsKay on :
 
Ugh..ugly day. Oh well, I've seen worse. Imagine what it was like going down to .004!! I'm averaged at .0072 so I feel much better than I did six weeks ago. I've always thought this stock would shock alot of people when it finally shook out. I still think that. Nothing has changed from the news that made it jump to .009-.01 range. Its just the nature of pennies to run up on news or the anticipation of news and then retrace some. We are still holding well since there's been no real news in a few weeks.

That's my thought for the day!
 

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Posted by cactus33 on :