posted
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.
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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
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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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.
posted
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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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?
posted
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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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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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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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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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
-------------------- Luv is the Answer :)
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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.
posted
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
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
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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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.
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.
Here's a site I use to do some research. I've been so busy I've hardly sat down the last couple of days. If anyone has time, we can research the new partner here.
posted
i dont think the math is that easy. its all about producing oil fields and cash to enable further gains for the company. if we get 32 mill and fields then IMO it will be well over .021
read the last 20 pages, many people have estimated..
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I don't worry about the math as to value people want to see a way to go leases pumping wells and a future. Look amep they produce almost next to nothing but have a dream of the future with almost 2 billion share O/S and it has been trading at .08to .10 for a month and that is what I think Omog will do if promoted and pr'd wright.
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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 ![[Smile]](smile.gif)
