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Just for you GNUL, i know brokerage loves it when we send them mail. GNUL, you did notice that he stated he was going to discuss production in the next newsletter. He's not FOS
I just sent to him.
I think that it was smart of you to release the PR today. At least it bumps Mr.Youngs PR.
It is my opinion that investors main concern with OMDA is whether or not you have anything else going on except the lawsuit. I know that these type of lawsuits take time. But, people are impatient, as I'm sure you know. If OMDA could report some well production and oil I think things really turn around for OMDA, from an investor standpoint. I know that you did state that Adam would discuss production levels in the next newletter. The more producing wells you can show the better. I'll wait for the next newsletter, it would be nice to see it soon.
Thank you, no need to respond to this, have a good day.
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cactus: I was being sarcastic more than anything. Adam is the WHOLE reasons why I still own any shares in OMDA. I figure if he has balls enough to buy OMOG on the open market and oust the original owners the he probably has the ambition to take this company somewhere.
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its cool, your question is valid. Investor sentiment would change when he "shows us the oil". I dont think they are hiding anything, just a little naive when it comes to what penny traders like to see in the current marketplace. I think they like it when we tell them what penny investors like. While i think adam is familiar with trading, he probably doesnt trade stocks anymore. and when he did trade it looked like he just zero'd in on BDGR for the kill. Their learning...Just be patient is my advice. its a penny it's risky, but less riskier than most out there.
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great day, and chart is shaping up nice as MACD comes back to the line for a nice smooth crossover. OMOG will gain more respect as adam informs us about production levels..
Bond how nice was xkem, any other you guys play that, if you missed that late day it was something else bond. made a killing on that today.. great pick
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guys, we missed this too... I think that they may fight the 4th amended petition and want to settle on the other things. They said that they agreed on many things in settlement talks, but this came up, and it looks like they are being stubborn. Adam may just drop this 4th amended and settle on other things, or just fight him out on the 4th amended and settle on the rest. Who knows..
BDGR's News Release today about OMOG...
Black Dragon Resource Companies, Inc. (OTCPK: BDGR) has received service of the Fourth Amended Original Petition in Cause No. 200523020, filed in the 215th Judicial District Court for Harris County, Texas naming the company as a defendant. The action which has previously named certain of the principals of Black Dragon was filed by OMDA Oil & Gas Co. Inc. (OMOG), a public company. The complaint is based on a dispute of certain oil and gas properties.
"The properties related to the complaint comprise less than 5% of the current properties owned by Black Dragon," according to Richard Michael, President of Black Dragon.
The Company denies the allegations made in the complaint and counsel advises management that the claims against it are without merit. The Company intends to vigorously defend the suit and will assert its own claims related to the matters concerned with litigation.
About Black Dragon:
Black Dragon Resource Companies, Inc. is oil and gas production company focused on the acquisition of mature, producing and existing U.S. oil and gas fields. The Company's focus on mature, domestic oil fields eliminates exploration risk, reducing costs, and provides immediate generation of income in a niche market where larger independent and major oil companies are not positioned to compete.
Forward-Looking Statements
Certain information discussed in this press release may constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995 and the federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that its expectations will be achieved. Readers are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements are inherently subject to unpredictable and unanticipated risks, trends and uncertainties such as the Company's inability to accurately forecast its operating results; the Company's potential inability to achieve profitability or generate positive cash flow; the availability of financing; and other risks associated with the Company's business. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
Black Dragon Resource Companies, Inc. Rick Michael, 512-442-4151 www.black-dragonoil.com or Strategic Growth International, Inc. Stan Altschuler / Richard E. Cooper 212-838-1444 Saltschuler*sgi-ir.com RCooper*sgi-ir.com
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5% of these guys oil fields are a lot.. btw
I am guessing that this will be settled next week, adam will back off the amended 4th petition and settle on the things they already agreed upon. im guessing this 4th amended petition is what was holding things up. A pressure tactic to keep getting more money until BDGR says enough is enough. they amended the petition 4 times lol.. pressure strategy and bdgr is calling the 4th amended petitions bluff.
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I think we will see share price rise when there are leaks about settlement. Then we will know...The bdgr board over at ihub is funny only like 2 people posting & one wants a buyout of omog by bdgr...lol oh this is good
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Like I stated a week ago. Many people are reading too much into the BDGR lawsuit and forgetting that the bulk of the suit is Lanza. Now BDGR states that the property in question comprises only 5% of their properties.
I agree that this might have been a tactic to bring everyone to the table for better negotiations and am totally confident that a lucrative settlement for OMOG shareholders will be reached.
I have attended many mediations and worked for a Plaintiff's firm and believe that all that is happening as it does in most any case.
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Well, I don't know what BDGR's market cap is or their share structure. Nothing is up to date as to how many shares are outstanding. 22.5 mil as of 12/31/05, current pps is $1.50 say for a good round number. That equals a market cap of $33.75 million. 5% of that is $1,687,500. So say less than 5% we're still talking about $1.5 million dollars!!!
I'll take $1.5 mil for my shares easy! LOL
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When i read bdgr's statement not a lot of sense to it, if this was true why would they not settle, i think it is more than 5% this is just a way to make their investors happy. If i were an investor with bdgr. i would want a settlement for this price because you know that this suit is costing you more than 5% in the stock price and cost them more and more as it proceeds. If bdgr. has all they say they have that is a big if, this is small potatoes. How much will it cost them to prepare this for court at $450 an hour plus settlement talks. The game is picking up, nice to see bdgr. is starting to worry more and more as the bills roll in.
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bottom line is that something has to give, the 4th amended has been rejected and there is no where to go from here but to settle or trial. since this is the 4th amendment I am figuring that OMOG will settle for whats on the table. It only gets better from here b/c we are finally getting to some answers
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I agree. Its looking better and better from here. The wait should be over soon. I'm thinking maybe by the end of this month if there are no snags or stalling tactics.
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im sure we will here something by the end of week, and this is boiling over to be a buy-out or a settlement. the end is near, if BDGR would of dragged their feet longer it would of been a 5th petition.. lol. they slammed their feet down so lets settle.. just normal lawyer games and im glad bdgr announced that b/c i think it confirms the end.
btw this is encouraging also.. I think that people are catching on, when the bdgr pr was released it went up...
The last three candlesticks formed a Bullish Three Outside Up Pattern . This is a bullish reversal pattern that marks a potential change in trend. Though it is highly reliable confirmation is still recommended.....
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quote:The last three candlesticks formed a Bullish Three Outside Up Pattern . This is a bullish reversal pattern that marks a potential change in trend. Though it is highly reliable confirmation is still recommended.....
The Macd about to cross, Williams %R showing uptrend, SlowStochs showing uptrend, RSI 42+ and rising. We're definitely trending towards a move up. Any good PR will make it happen for sure.
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I am guessing if we do not see a response by omog to bdgr's pr. shortly that this thing is a lot closer to settlement. Bdgr's statement makes no sense to me from looking at it from both sides. The one thing that i will bring up again is that it would not make much difference if you went to court and lost and it was 1% or 30% of the companies wells the punitive damages could break you, especially if these properties were acquired illegally which this suit is all about. The other parties might put in a lot more cash to keep bdgr. from filling a suit against them, we will never know when this thing is all settled what really happened i am sure there will be some kind of mutual agreement to not release most of the details of what happened prior to settlement. I do not believe that omog's lawyers would even have filed this suit if they were going to make $400-500 thousand extra and risk taking the sure thing they already had (many millions) so something is up it sure would be nice to be on the inside. It does get more interesting as the days pass, next week we should get a better feel for whats going on from what is said or not said.
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I agree that lawyers wouldn't risk what they already have unless it was for a very good reason. More $$ in their pocket is a good reason. More $$ in ours is another good reason. They are working in our best interest.
Truth is we'll never know all the details. Just someday in the future Omda's value will be increased substatially!
I look forward to that day. Next week could be interesting indeed. But I feel this is close to an end, hopefully by the end of this month at the latest.
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quote:Originally posted by cactus33: Kay, if you are around I'd like to know your opinion regarding the bdgr pr.. thanks
Well it really doesn't say anything except to deny any claims against it and since there were no claims actually made by OMOG other than to name them, they are wise not to give out any more information regarding their stance on anything at this point. It looks like just a formality to me and is meaningless at this point. None of us know what is going to happen. We just have to wait and see. The reason that I am betting on OMOG is because Lanza is a CONVICTED felon and I don't believe people change all that much. If he had OMOG for any length of time, he surely engaged in wrongdoing. Since, Adam had the cojones to take over the company, I believe that he has what it takes to get some type of settlement from them. If it was only money that was at stake, I probably would not be interested in this company but since there are supposedly PRODUCING wells at stake, that is what will make OMOG a viable company IMO. It is still a gamble and could go either way. If it was a solid company, you couldn't buy shares for .005.
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The statement bdgr. made does not make sense i can see them denying charges period, but to say its for 5% is for a reason not just to make their investors happy. Again why would omog's lawyer's file a suit for such a small amount when they were guaranteed millions they also had plenty of time to research it prior to filing, realistically 5% is probably only 200-300-thousand no way they risk that for the sure thing, been around a few of these things and the laywers i have seen always take the sure thing even when they should not. It also costs these lawyers money to go on since they are on a contingency.
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I guess the other possibility is that this 5% are all wells that are producing, which could be all of the income bdgr has. Another thing, why would you deny charges now after being in settlement talks and having 3 petitions served to you rather than do this right off like most people do?
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the 5% refers to the 4th petition only i think. The 4th was filed in hopes of getting more money or forcing them to settle on the prior three petitions. BDGR is only refering to the 4th amended petition and what it is asking for, they are putting their foot down thats all. It should indicate that something will happen, most likely a settlement around what the prior petitions were about.
Of course all this is my guessing who knows how it will play out, we can only speculate using the info we have.
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I think I got it now little slow to come around on this one. Do we know what the 3 priors asked for? This must have to do with their ongoing discovery. I think a lot of investors are confused on the petitions.
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Thanks for clarifying this point on the petitions, it makes a lot more sense to me now. When i talked to the ceo. several weeks ago he stated that the more discovery and depositions they do the more assets they are finding that were taken from omog. It appears that omog's lawyers are starting to rattle bdgr's cage it sure looks like they are doing their job. I don't know why omog would even consider a buyout if that's even being talked about, they will own bdgr in the end if they do not settle, between the real damages and the punitive ones i think they have to much on them, we will see.
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Its in all the defendant's best interest to settle out of court. That way they can avoid the large punitive damages juries usually award. They will also avoid the possibility of criminal charges being filed. It will be interesting to see how this all plays out in the end.
To bad if theres a settlement we will probably never know what really went down. I would just like to see this come to an end so we can get on with our real business of exploration, producing and selling oil/gas.
I've decided that I am going to keep some of my shares for the long haul with OMOG. Providing the news is really good when everything is said and done. I see Omda as a decent long term play for a pink.
I think after the settlement is done we will see Adam really start to build shareholder value.
JMO, but as of last week, I'm long in this one for quite awhile I think.
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Omog appears that it could be a good long term play we will see over the next few months. The part that amazes me after getting a little idea of what has been taken from omog in the past, is how much money we as investors generate over the years for these penny stocks, its a gold mine for the crooks out there at the expense of us investors.
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technicals are looking great for next week. Something has to give here with the settlement. im sure we'll know something next week. BDGR put their foot down,either adam settles or risks trial....
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