posted
im guessing that everyday that goes by these lawyers want their money more and more, hence the last pressure petition. BD can stall all they want, if thats what they are even doing. its only to their detriment, because penalties are adding up daily. Interest, monies lost from being ripped off.. just like if you rip off the irs, the penalties develop interest daily. gonna sit here and smurk Black dragon, im sure adams team of professional lawyers are ready and willing to go to trial.. hahaha
Posts: 6397 | Registered: Jan 2006
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posted
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 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.
Thats what I've been doing. I have a core position that I'm holding for news and another set of shares to flip. So far I've made over $2k doing this. Waiting for the impatient traders to sell so I can get their shares at .0080-.0082 range.
Posts: 260 | From: Carbondale, CO | Registered: Nov 2005
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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?
Adam already said that he doesn't know the oil business and when the settlement/lawsuit is over he will turn the biz over to oil savvy management to run Omda.
Posts: 260 | From: Carbondale, CO | Registered: Nov 2005
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posted
yep rbreb... i know you are out there.. you are not alone.Its a joke when newbies pile and then panic the next day down 10%. good luck gettin my shares. im still a long, but i'll take some profits sometimes. I always throw my money right back in this though. Adams for real... and i am not gonna miss great news. notice how adam calls out names.. can he do that without this settled in some sort of fashion. i thought that was slander... mmmmmmmmm.. makes one think.
Posts: 6397 | Registered: Jan 2006
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posted
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
Posts: 6397 | Registered: Jan 2006
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posted
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.
Posts: 6397 | Registered: Jan 2006
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posted
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..
Posts: 6397 | Registered: Jan 2006
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posted
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.
Posts: 3875 | From: ca. | Registered: Jul 2005
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posted
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?
posted
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.
Posts: 294 | From: Mississippi | Registered: Jun 2005
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posted
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."
posted
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.
Posts: 294 | From: Mississippi | Registered: Jun 2005
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posted
typical yawner trading day. surprised mm's havent taken this lower with the low volume. guess people are waiting for news.
Posts: 6397 | Registered: Jan 2006
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posted
ill take the slow day.. i like what im seeing here up one tick. if it finishes green today. this is strong imo
Posts: 6397 | Registered: Jan 2006
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posted
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
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.
Posts: 6397 | Registered: Jan 2006
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posted
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
Posts: 6397 | Registered: Jan 2006
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posted
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.
posted
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:
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