posted
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
Posts: 6397 | Registered: Jan 2006
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posted
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.
Posts: 3875 | From: ca. | Registered: Jul 2005
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posted
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.
Posts: 6397 | Registered: Jan 2006
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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.
Posts: 3875 | From: ca. | Registered: Jul 2005
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posted
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
Posts: 6397 | Registered: Jan 2006
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posted
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
"i talked to someone at bdgr today interesting"... ok so lets hear what they said if you dont mind
Posts: 41 | Registered: Apr 2006
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posted
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
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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posted
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
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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posted
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.
Posts: 6397 | Registered: Jan 2006
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posted
I just read our side on the web site looks pretty strong to me> I hope young gets it good
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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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.
Posts: 3875 | From: ca. | Registered: Jul 2005
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posted
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.
Posts: 41 | Registered: Apr 2006
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posted
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!
posted
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.
Posts: 6397 | Registered: Jan 2006
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posted
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.
posted
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.
Posts: 3875 | From: ca. | Registered: Jul 2005
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posted
Well i got tired of watching and dumped my shares.. so it will go back up now with my luck lately...
Posts: 1986 | From: Florida | Registered: Mar 2006
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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!
posted
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..
Posts: 6397 | Registered: Jan 2006
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posted
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.
Posts: 6397 | Registered: Jan 2006
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