posted
I sure would like to see a real barn burner next week I need my bloood to start pumping hard and fast
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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posted
Considering the pounding the market took overall we held up rather well I thought.
Posts: 260 | From: Carbondale, CO | Registered: Nov 2005
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posted
Its been about six weeks since the original jump when the news leaked about the possibility of a settlement. As you will all recall, the original trial date was April 17. Both parties asked for a continuance since settlement talks were underway. I don't recall if another trial date has actually been set or not. Does anyone recall seeing that. If there was another date tentatively set, then we would know approximately when we would see an update of how things are proceeding. Since the price is falling or holding steady, I would guess that there is no real news happening at this point. Probably just alot of paperwork and blah, blah, blah. Obviously nothing substantial has happened yet (one way or another) or it would be leaking and causing the price to rise dramatically or fall dramatically. That's my thought for the day. Have a great weekend everyone. I start my new job on Monday so I won't be able to watch at all. Bummer!!
Posts: 294 | From: Mississippi | Registered: Jun 2005
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posted
I asked them earlier this week if they had set a new trial date to help push the settlement along, they said no and said this was good news meaning i guess that the settlement talks are moving forward to OMOG lawyers and the CEO's satisfaction.
Posts: 3875 | From: ca. | Registered: Jul 2005
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quote:Originally posted by Rbreb13: Considering the pounding the market took overall we held up rather well I thought.
I agree, held up good. markets took a beating this week.
KAY, no.. I think adam filed a petition just in case mediation broke down. no, he hasnt enacted the petition to go to trial. as far as i know. still in talks. he's just hanging it over their heads in case they back out of settlement talk. I hope im right on this. but yep, pretty sure nothings changed. these things take time. talking about millions of dollars and fed crimes. im sure its complicated. New job huh, that sucks. I love being creatively unemployed right now too much.
Posts: 6397 | Registered: Jan 2006
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posted
Great news Wish. I'd not like to hear that they set a date unless it was done immediately when they asked for a continuance. It's just wait time. I hate I can't watch now that news is imminent.
Posts: 294 | From: Mississippi | Registered: Jun 2005
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posted
Isnt it great that you can call these guys anytime and they'll answer your questions. im not taking that for granted in pink land. 80% of the time these pink ceo's are impossible to reach.. just really encouraging that they respond to email and calls.
Im gonna try to look past the settlement news and focus on the deal with k tenn. maybe good words from that will send this soaring. i just dont want to get hyped too much about settlement news. that way when it comes, it will be all the better. I know that adam is on the right path here in all aspects
Posts: 6397 | Registered: Jan 2006
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posted
I think we need to sneak one of us in to the settlement talks so we can find out first hand what is going on and get it done with, who is the best mediator.
Posts: 3875 | From: ca. | Registered: Jul 2005
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posted
well, i have a communications degree from asu.. covered mediation and arbitration etc. mediation is usually pretty friendly, so its a good sign both parties went that way. Judges always prefer mediation, and arbitration because the courts are already so tied up.
I'd go be a mediator, but im too busy drinking beer..and not looking for a job. heh.. it would be nice to be a fly on the wall in the room though. Or to take adam out, get him loaded and then hopes he talks.. heh kidding
Posts: 6397 | Registered: Jan 2006
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posted
Man I am sure hoping that OMOG hits on all cyclinders in the next couple of weeks. Everything seems to still be shaping up good. I still have not been able to get in contact with OMDA. However they did return a call and I wasn't available to answer it. It would be nice if they would actually answer the phone...but I suspect they are taking care of business. I am hoping to see OMOG get to .03 cents are so at which point I will take half off the table and move it over to PBLS for a long term hold.
posted
i hear ya about pbls, OMOG is the best long play that I've found for a stock sub=penny. If adam can turn this into a legitimate oil company... theirs no ceiling for pps
Posts: 6397 | Registered: Jan 2006
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posted
I agree cactus. For a sub penny OMOG has an awsome risk/reward. The real kicker, for me at least, will be if Adam makes a REAL commitment to become fully audited. I am pretty sure this company won't trade above 6 cents with out it....probably won't get much above 4 to be honest.
When this settlement ends Adam needs to get on the ball with releasing serious company news. How much is OMOG makeing what are it's projections...give us a list of curren tassets, etc.
Adam has a tough rode ahead of himself, but with a lot of hard work, honesty, and luck he may be able to take this company some where.
In my mind he needs to play his cards like so:
1) Finish Settelment. 2) Give investors a list of current assets 3) Give investors an unadited financial statement 4) Start a share buyback program 5) Public announcemnt of commitement to become fully reporting 6) HIT OIL! 7) Become fully reporting and move off the pinks.
Steps 1-5 need to happen within 2 months of each other. Step 6 needs to happen this summer. Step 7 will take a fair amount of time...3 years most likely.
Right now we are all pretty much gambling/investing on the settelment news. If we are right about this then OMDA should have in it's possesion the necassary assets to make a real run at a good domestic oil company. At that point Adam needs to get a good management team in and build this company back up. If everything falls in to place then we may have another 1 dollar company on our hands. We will just have to wait and see.
posted
Some of these oil wells coming back are suppose to be pumping oil wells and OMOG is getting lost revenues from these wells as part of the settlement at least that is what was said prior to bdgr being named in the suit.
Posts: 3875 | From: ca. | Registered: Jul 2005
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posted
Here is an interesting thought would a share buyback or a dividend do more for the stock? I feel that a dividend would do more if it was lets say 2 million, i think investors would look at this stock as a prime target to buy and keep current investors sitting tight knowing that another could follow, plus it would keep the CEO very happy and pay him for his work since he holds more than 50%........just a thought..... and a question i did ask.
Posts: 3875 | From: ca. | Registered: Jul 2005
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posted
That is an interesting point cactus. What I worry about with this many shares is MM manipulation and naked short selling. Ideally I would like to see both...but that is wishful thinkng.
What kind of response did you get when you asked that question?
posted
Sometimes we sound the same but if you sit on him it will hurt more... back to my statement about the dividend, they said that it was a possibility because as we could see that offer was mentioned in their csua deal so it is on their minds, if it were 2 million of lets say 10 million cash from the settlement it would still leave lots there to use for other investments within the company or outside.
Posts: 3875 | From: ca. | Registered: Jul 2005
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quote:Originally posted by IWISHIHAD: Sometimes we sound the same but if you sit on him it will hurt more... back to my statement about the dividend, they said that it was a possibility because as we could see that offer was mentioned in their csua deal so it is on their minds, if it were 2 million of lets say 10 million cash from the settlement it would still leave lots there to use for other investments within the company or outside.
hah, too funny...
yep, i know adam has discussed a dividend before. and im almost positive that he discussed being fully reporting during an interview, where he answered investors questions. GNUL, your list of steps is right on and im sure adam is on the same page with you. Im sure he has a plan. I would even send OMDA your list and say these are your suggestions. The more input from investors the better if you ask me...
Posts: 6397 | Registered: Jan 2006
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quote:Originally posted by IWISHIHAD: Sometimes we sound the same but if you sit on him it will hurt more... back to my statement about the dividend, they said that it was a possibility because as we could see that offer was mentioned in their csua deal so it is on their minds, if it were 2 million of lets say 10 million cash from the settlement it would still leave lots there to use for other investments within the company or outside.
hah, too funny...
yep, i know adam has discussed a dividend before. and im almost positive that he discussed being fully reporting during an interview, where he answered investors questions. GNUL, your list of steps is right on and im sure adam is on the same page with you. Im sure he has a plan. I would even send OMDA your list and say these are your suggestions. The more input from investors the better if you ask me...
Thats a good idea to send it to Adam, perhaps theres something there he hasn't considered.
I think a dividend would be good for the share price but bad for the company. I would rather see a share buyback and money invested in producing oil from the assets we acquire. In the long run the share price will still rise like if theres a dividend but the value of the investment will be retained by Omda.
Posts: 260 | From: Carbondale, CO | Registered: Nov 2005
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posted
What i suggested was a small amount of the settlement cash maybe 10% for a dividend, the rest could be used for everything else. If we have producing wells we will have more income coming in and i would expect them to sell off some of the other properties that are the lesser value of the possible good wells for more income and shares of other companies,(joint ventures)there will be so many options.
Posts: 3875 | From: ca. | Registered: Jul 2005
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posted
Yeah I guess a cactus is a little more prickely that a wish!
I think a 1 time 10% dividend would be a good idea. I am going to send a list of questions to OMDA monday since I'm having a hard time connecting by phone. Perhaps after that I will send them my list...although I don't want to come across as presumptious.
posted
Looking for a green week. We're about due for an anticipation pop. With OMOG holding up in the market downturn its one of the safest plays in my portfolio right now.
Posts: 260 | From: Carbondale, CO | Registered: Nov 2005
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posted
I hear yeah Rbreb. We held up well last week and our time is coming.... soon I hope.
I can't say OMOG is my safest play...heck we could watch OMOG drop to the 5's only to spring back to a penny the next day. OMOG is a rough ride, but it is a well investigated long shot IMO.
quote:Originally posted by gnulnx: I can't say OMOG is my safest play...heck we could watch OMOG drop to the 5's only to spring back to a penny the next day. OMOG is a rough ride, but it is a well investigated long shot IMO.
Thats why I consider it safe. Even if it drops I KNOW it will go back up. Its a no worry situation unless the settlement talks take a turn for the worse and we have to go to court. Even if that highly unlikely event should happen it will still eventually go back up.
The chances of going to court are slim to none though. The defendants would be stupid to take that chance and risk fines and jail time.
Posts: 260 | From: Carbondale, CO | Registered: Nov 2005
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i think that next week should be decent at least. but im tired of making good predictions then it blows up in my face. Ive always thought we'd be around .008 just from speculation.Last week was just a bad week for the market, dont think we had much of a chance. Someone from bdgr thread called bdgr and they confirmed that they were still in settlement talks. just have to keep being patient
Posts: 6397 | Registered: Jan 2006
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quote:Originally posted by cactus33: no pink is a safe play IMO..
Well ya got me there. I do agree with that. But for now OMOG is reasonably safe. But anything can and usually does happen when you play pinks. Adam being a trader also helps this one.
I do plan on holding some of this for the long term though. I will take a bunch off the table whenever possible and ride the freebies to the top. With some share restructuring this could easily get to a dollar or more in a few years. I could handle a 200+ bagger. Posts: 260 | From: Carbondale, CO | Registered: Nov 2005
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posted
I wish they would take some of that settlement (if and when they get it) and buy back shares. If they settle for 30mm omog will get about 60% or 18mm bucks. Take 9mm and retire and lower the shares for shareholder equity. Start pumping oil, become profitable and with lower shares, profitability, and confidence of shareholders, go to amex. We will be a success story. TMAN...
-------------------- In the end, trust only yourself when trading stocks. Posts: 2048 | From: Texas | Registered: Feb 2006
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posted
I think Adam will be "down" with the share buy back...remember it's in his best interest as well. I can see the dividend thing as well. Perhaps some combination of both. Maybe this week will end the settelment issue!
posted
Probably trade flat if theres a sell off. Most of the weak hands have already been shaken out I think.
Posts: 260 | From: Carbondale, CO | Registered: Nov 2005
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