posted
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.
Posts: 6397 | Registered: Jan 2006
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posted
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.
Posts: 294 | From: Mississippi | Registered: Jun 2005
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posted
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
Posts: 6397 | Registered: Jan 2006
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posted
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.
Posts: 1443 | Registered: Apr 2006
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posted
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.
Posts: 6397 | Registered: Jan 2006
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I agree with you, losing money is one thing losing your freedom is another i think this is their ace in the hole.
Posts: 3875 | From: ca. | Registered: Jul 2005
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posted
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.
Posts: 3875 | From: ca. | Registered: Jul 2005
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posted
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.
Posts: 6397 | Registered: Jan 2006
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posted
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:
posted
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.
Posts: 6397 | Registered: Jan 2006
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posted
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...
-------------------- In the end, trust only yourself when trading stocks. Posts: 2048 | From: Texas | Registered: Feb 2006
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posted
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
Posts: 6397 | Registered: Jan 2006
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posted
"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.
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!
Posts: 260 | From: Carbondale, CO | Registered: Nov 2005
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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.
Posts: 3875 | From: ca. | Registered: Jul 2005
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posted
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.
Posts: 3875 | From: ca. | Registered: Jul 2005
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posted
people are really losing patience. that last pr really backfired, looks like. he better come out with an update or something.
Posts: 6397 | Registered: Jan 2006
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posted
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.
posted
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.
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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