posted
no news yet huh, im moving right now, just right down the street. i'll be up all night, but will force myself to get up and see what happens. it was nice to get that shot in the arm and i like that theres someone in there with AB.. good things to come I hope...
posted
ughhhhhh, going on 11 here and im already wiped.. red bull time.. lol..
thinking of wtf is gonna come our way tomorrow.. gotta love the saga.. "as the oil turns" is that it bus.. "oil days of our lives"
Posts: 6397 | Registered: Jan 2006
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posted
Here is a few things that make no sense on the lawsuit, bdgr it appears to still have no lawyer (have not seen anything on this) and there has been no extensions on the trial date, this thing is getting close to trial and it appears that bdgr is not really set for the trial, yet there is no guarantee that omog would even except a settlement if offered i am a little surprised these guys are not preparing for the worse, this is good for omog. Has anyone seen any thing different than i just mentioned?
Posts: 3875 | From: ca. | Registered: Jul 2005
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posted
Wasn't there going to be a PR? Maybe i just misinterpreted some of the other board posts.
Posts: 3875 | From: ca. | Registered: Jul 2005
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posted
OK, now the site is working. Interesting they show the O/S per as of date. So far....LOL
Posts: 583 | From: Northridge, CA | Registered: Apr 2006
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posted
thank hbbus, I got mostly all of my stuff over to my new place, still getting things over from the old place, then i gotta clean it and rent it. took a good nap today so i feel good. not excited about where we are at. interesting on the site it still says...
OMDA Oil and Gas, Inc. is an oil and gas production and lease acquisition company. Currently the Company owns participation interests in 355 oil and gas wells in Louisiana and Texas. Of the Company's 35 leases, 16 currently have at least one producing well with an aggregate of over 100 currently producing wells.
well, with all the pressure from everyone, surprising to me they are still making this claim, which makes me think that it is maybe true. I think AB may be buying shares up, but not like he did in the past, all at once and admit to it. that wasnt smart and snappo told him so.. my hunch is adam will keep buying, but in a way as to not tip off flippers and day traders slow buying with a slow rise in pps, flippers stay away basically. I dont know what to think, and iwish, im sure bdgr has a lawyer, we just dont know about it...
Or, I'll play devils advocate.. they feel AB is a frivolous no nothing oil fryer from outback steakhouse, with no case and the only motives he has is to fleece shareholders...
lol....
who's telling the truth.. I'll continue to hold, too bad rbreb bailed...
Posts: 6397 | Registered: Jan 2006
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posted
Even if they did not have a good case you would think that bdgr and its shareholders want a outside lawyer to handle their case, of course when i glance at some of the other boards i do not see bdgr shareholders bringing up the case. So your move is done must be miller time.
Posts: 3875 | From: ca. | Registered: Jul 2005
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posted
Doesn't the court have to show that they have a new lawyer did not see that the last time i looked at the court schedule.
Posts: 3875 | From: ca. | Registered: Jul 2005
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posted
i dont know wish, you are right though, if i was a bdgr investor i would want to know something..
Posts: 6397 | Registered: Jan 2006
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posted
I do not think you got my joke(Miller time) or maybe you are to tired to care, i do not know if they still have those commercials for Miller Beer.
Posts: 3875 | From: ca. | Registered: Jul 2005
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posted
I do feel that everyone should make at least 2 moves in there life without movers to help, to know the joy of moving, it is a true test for a marriage. If you have a chance do it between to states always better. I remember one time when we rented one of those trucks, this was before cell phones, my wife was driving our car in front of me and i was driving the rental, we had a big hill to climb i started slowing down because of an incline and she got ahead of me, i saw a flat area ahead where i knew i could built some speed for the next hill, of course my wife wonder why i was getting so far behind so she started slowing up while i was trying to gain speed in the flat area of course just before the hill i caught her and had to slow up because she was slowing to wait for me, of course by then i could climb the hill at 20mph with my pedal to the metal... The Memories.
Posts: 3875 | From: ca. | Registered: Jul 2005
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posted
Ive moved 4 times in the past 4 years. Im buying all the houses that I can in hoppes to retire early, lol..
definately a lot of work.. I move everything on my own, to cheap to pay movers. Yep, it will test your marriage thats for sure. We are kind of getting used to it. It gets really stressful with young kids though. I had something similar happen to me in flagstaff coming to arizona the first time. loaded up with my wife, dog and cat in a beat up volvo pulling a uhaul trailer. Barely made it up that freaking mountain, 20 mph and it was floored. it was stressful but towards the end you just start laughing.. i dont move farther than 10 miles though, thats my limit.. I like the sunshine too much. whats up with the miller joke wish, maybe i missed something. been busy.
I'll be back. I still read everything but really theres not much of anything new to talk about so I haven't been posting. I'll be waiting for this to retrace and buy back my shares or even more than I had before. Just waiting for a couple other plays to work out in my favor.
Posts: 260 | From: Carbondale, CO | Registered: Nov 2005
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posted
nice to hear from you reb, slowly getting settled down and am looking forward to next week. fingers crossed we have some news, but like i've said, everday we come closer to trial... the better.
Posts: 6397 | Registered: Jan 2006
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HOUSTON, TX -- (MARKET WIRE) -- 04/28/2006 -- OMDA Oil and Gas, Inc. (OTC: OMOG) announced today that it has approved and now filed a 4th amended pleading adding Black Dragon Resources (Black Dragon) as a defendant to its initial suit filed on March 29th 2005 seeking the declaratory judgment in the district court of Harris County, Texas, 215 Judicial District. The case was originally titled: OMDA OIL AND GAS, INC., OMDA OIL AND GAS MANAGEMENT, INC. AND OMDA OIL AND GAS SERVICES, INC. PLAINTIFFS vs. JOE LANZA, MORGAN WILBURN, III, AND RICHARD I MICHAEL, TRUSTEE OF "007 TRUST", MONTE ANDERSON, TOM NEELY AND DAVID TAYLOR, DEFENDANTS.
OMDA has been actively pursuing a settlement in the case since its initial mediation hearing was held on March 15th 2006. During these discussions, most issues not directly involving Black Dragon, were successfully resolved. It has now become apparent; however, that Black Dragon and its CEO Rick Michaels, along with other defendants related to the Black Dragon company, have been directly involved in the conspiracy of fraudulent conversion involving hundreds of oil and gas wells in Louisiana that rightfully belong to OMDA Oil & Gas, Inc. Although legal counsel for OMDA OIL & GAS, INC. is highly optimistic that the global settlement, which covers all parties and aspects, will come to a quick resolution, they now believe it to be a prudent and wise decision to add Black Dragon as an additional defendant in the unlikely event that trial becomes required.
The initial action was stated as follows: "PLAINTIFF'S ORIGINAL COMPLAINT FOR DECLARATORY JUDGMENT AND REQUEST FOR DISCLOSURES", but was subsequently amended to read: 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, 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.
The Company is seeking return of assets along with actual cash damages to include but not limited to the following: a) Any and all actual damages of at least Thirty Six Million Five Hundred Thirty Thousand Two Hundred Sixty One Dollars and 10/100 cents ($36,530,261.10); b) Exemplary damages as determined by the trier of fact; c) Declaratory Judgment that Plaintiff, Omda Oil and Gas, Inc., is the sole shareholder of Omda Oil And Gas Management, Inc., a Texas Corporation; d) Declaratory Judgment that Plaintiff, Omda Oil and Gas, Inc., is the sole shareholder of Omda Oil And Gas Services, Inc., a Texas Corporation; e) Declaratory Judgment that Plaintiff, Omda Oil and Gas, Inc., is the sole shareholder of SHWJ Oil And Gas Co., Inc., a Texas Corporation; f) Declaratory Judgment that Plaintiff, Omda Oil and Gas, Inc., either directly or by and through its wholly owned subsidiary, Omda Oil And Gas Management, Inc., is the owner of those certain 314 leases set forth on the consolidated financial statement submitted to Barnett on or about July 9, 2003.
OMDA has not yet decided to add the most recent pleading to is website, but should the decision be made to do so, a follow-up press release will give the address.
Adam Barnett, Chairman, stated, "I realize that any legal undertaking is an arduous task, and everyone at OMDA has expended much effort in this endeavor over the last year. I am extremely pleased with our joint mediation on March 15th 2006, and I do believe it is in the best interest of our company to resolve these matters through some type of settlement agreement. Having said this; however, we will only finalize an agreement that is both extremely beneficial to our shareholders and that takes into consideration a large amount of the assets that were unjustly taken by former management. We feel the addition of Black Dragon to the list of defendants will only help ensure a favorable outcome if we find it necessary to proceed to trial."
About OMDA Oil and Gas, Inc.
OMDA Oil and Gas, Inc. and its wholly owned subsidiaries, OMDA Oil & Gas Management, Inc. and Texas OMDA Drilling & Operating, Inc. and OMDA Oil & Gas, Inc. (Texas), are in the business of oil and gas production and lease acquisition. Currently, the Company owns average participation interests approaching 47%, in 355 producing and non-producing oil and gas wells in Louisiana and Texas, as well as well as a 75% working interest in an 1,116 acre, horizontal play in the Panola Field, Panola County, Texas. Current acreage interests include a Carried back-in working interest of at least 7.5% up to 37.5% in a 12 well work over play in the Concorde Dome Field in Andersen County, TX, and is currently partnered up with Young Oil Corp., the largest Oil and Gas producer in Tennessee on 46,000 acres in North Central Tennessee, with an initial 20% interest in a six well program and a first right of refusal on any other prospects on the Young leases.
This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release. Contact
*
Contact: OMDA Oil and Gas, Inc. Investor Relations 800-621-0113 IR*omogoil.com www.omogoil.comPosts: 6397 | Registered: Jan 2006
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posted
This thing sure has went quiet since their big drama on the omog board, it appears no pr's for awhile.
Posts: 3875 | From: ca. | Registered: Jul 2005
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posted
I have wondered since that stuff on the omog board if the whole ordeal might have been for show. Anyone else have any thoughts on this? Hope it was not.
Posts: 3875 | From: ca. | Registered: Jul 2005
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posted
i dont think so, i think people were and are still wondering wtf, i do think they have something up their sleeve. My main concern is that this trial wont happen. then I'll give up I think. until then i remain an omog stuckholder for life, lol
Posts: 6397 | Registered: Jan 2006
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quote:Originally posted by cactus33: yea, weird day huh?
Im still moving in, such a pain to get everything un-packed, i'll stop whining now, lol
go OMDA !
I hate moving. We just sold the business property and now we have to move the business. Its like moving 3 homes worth of crap!
I swear if I ever move from my digs. I'm going to insure up to my eyeballs and get me some jewish lightning.
Posts: 260 | From: Carbondale, CO | Registered: Nov 2005
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posted
wow, it is slow in general. I think a lot of people gave up in this penny market or on the sidelines. IMO its been tough to make money lately. At least for me. Im about to give up and use my portfolio for a new garage, lol..
Posts: 6397 | Registered: Jan 2006
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The last two candlesticks formed a Bullish Piercing Line Pattern . This is a bullish reversal pattern that marks a potential change in trend. Though it is highly reliable confirmation is still recommended.
Posts: 6397 | Registered: Jan 2006
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