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Author Topic: OMOG.... OIL AND GAS
cactus33
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from AB..

It's has nothing to do with new shares being issued or bad news on
> the suit(s). Oil is lower of course but I suspect as Dion was telling
> John Young on a daily basis all about the lack of impressive
> organization and or effort on my part that he experienced during his
> brief tenure as COO some people bailed in fear as the word spread
> down the grapevine. In other words, with-out permission William
> blabbed internal information, strategy, time phrames and efforts to
> JY and others and so on and so on. There's no other reason the stock
> dropped in half since his appointment. It's not just because the
> prefereds weren't cancelled yet, first of all William asked to have
> them transfered to him and not be cancelled and I recently maped out
> a realistic plan( 5 page letter) to have them transfered or cancelled
> and for my role to change as proposed. It was just going to take some
> time and patience on everyone's part. It took me 4 months to take
> control of this company in 2003 and in 5-6 weeks as a part-timer,
> from another state and with a 1 week vacation he took in the middle
> of it he can't expect to have accomplished a complete smooth take-
> over of the company. There is so much to know about the suits for a
> new leader, so much to know about the company, the role players, etc.
> I'll give William the benefit of the doubt some because we aren't
> very organized yet in a few areas, book keepers and accountants are
> truly in the middle of completing things we have asked to get done,
> his employment agreement has been a nightmare with 1/2 dozen drafts
> to date, we had a Major effort just wrap up in putting to bed the
> issue about Marty's compensation and role, the entire company
> network's phone numbers were thrown at him, etc, etc but I think he
> should have handled it differently. There was no-one he wasn't
> allowed to call that I have been working with as Chairman , to
> question them at length, etc. He saw a lot of internal paperwork. We
> are publicaly traded and there is compliance to be followed. He
> wanted to sell his shares to possibly help the company have money for
> certain things but wasn't keen on getting the shares issued back to
> him later in restricted form as insiders have to have. He wasn't keen
> on keeping that proposed personal loan on the books as a loan. He
> didn't seem pleased that a 504 was out of the question as he had been
> given the role of funding the company and hadn't gotten a great
> response from investors about buying restricted stock, instead of
> free trading. He was given full power to open a new company bank
> account in his city and put all new funding money there to use at his
> discretion. The 175g's anticipated from the Panola sale was also to
> be wired there when available.
> Pandora's box has now been opened but the company is still moving
> forward with Panola activity, Concorde activity, other projects with
> Marty, both suits, some possible O&G acquisitions, funding, the
> audit, etc.
>
> We'll see where we stand now but it got a lot more complicated
> because of obvious reasons. Until I figure out a plan for stability
> of this company I remain in charge.
>
> That's my take on why the stock is lower.
>

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IWISHIHAD
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What do you think Cactus about all of this?
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cactus33
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I dont know, I believe adam. I dont think you can make that up. I think they are aligning themselves before this trial and there is some quarreling between insiders at omda, maybe with adam. thats why he's frustrated. I dont think he's crazy though. there is a lot on the line here
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cactus33
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I think this new guy did get in there and leak chit.
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IWISHIHAD
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I think i brought up a long time ago that one of the problems with being so involved with a company and try an grow it plus add lawsuits, which are nothing but pressure mounting experiences this all means trouble. With these court dates rapidly approaching the pressure is going to mount even more and once they are done with things will get much better, my big concern is how much money do they really have, if there is money available then all the other things will fall into place once the trial is over. This could be a great buy but could go lower after his posting he would be better keeping these inter company problems to himself but that is just my opinion. I also feel the pressure from this trial has got to be killing him and will only get worse till it is over or settled and you know bdgr side is feeling it to... The game is on.
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hbbus700
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My take on the situation over there...John Lee starts posting & bashing AB to hell, finally AB posts that he knows who John Lee is (John Young) AB thinks the new COO was in with John Young as they were in constant phone conversations. New COO trying to get AB to hand over preferreds. Meanwhile Fat thinks that AB is talking about him being this John Young character everyone is now getting confused as to who is who.....Now stay tuned for as The Oil Turns....LMAO!!!!
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hbbus700
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Also AB is not the moderator of the board I think it is Fat.
Nice post over there Cactus. I just posted that they are all acting like children....LOL

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cactus33
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I think that you are onto something wish, I do think that the trial is stressing all out. now everyone wants to get in line and get a piece of the action. we all knew that there are insiders that helped AB buy out OMDA and helped advise him along the way. there is a team of lawyers to the tune of 700 large on this for a year and a half.
The only thing that makes me think AB is on our side is because he's crazy enough to come out with all this. I do think he's for real. I think that he's feeling pushed out now that the pay day may be near. This is very interesting. Im glad i bought into this for some reason...

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cactus33
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"as the oil turns".. no doubt, lol
I can even hear the theme song..
what drama..

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cactus33
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what do you think wish, you used to write a lot and now its one sentence posts. Before it was you Kay you and me here.. what happened to Kay? any ideas?
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cactus33
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looks like the bulldog went after biotech medics, they are fighting back, which is normal. surprised i missed it. this guys motives are interesting.

looks like the bulldog is taking one right from the movie wall street

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IWISHIHAD
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I think Kay had other things that came up in her life and had to move on, hopefully if this thing goes real good she still has her stock. I think that it appears you have to watch your back in the oil business. When your young probably a lot of people in the oil industry feel you do not have the right to be there, my guess is that there is a lot of good old boys. Adam being young has most likely ticked off a lot of people and many others will try and take advantage if it goes right. He said he did not have experience in the field but is learning fast, i like the idea that he draws from experience but has to watch who he opens the books to until he is sure they are trustworthy. I do not know all the facts here but what i have read does not sound good. Sure is a interesting stock with all the twists. I just hope they have the cash to get through the hard times i think Adam will do fine with the company if the cash flow is fine till settlement. The bdgr bunch have got to be starting to get real nervous now and trying to figure what is the best way to try and survive the coming onslaught. If i was Adam i would keep low key until after the trial as to not give bdgr any ammunition for the trial and use my lawyers to shut off any insiders posting if need be. For investors now it's a question of do you jump in or wait for big news, for us already in with these low prices do we feel real sure with Adam and their lawsuit to load up. At least we have had a lot of fun with OMOG posts lets hope we can all celebrate in a few months or less.
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hbbus700
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Wish, where about in Cali are you from?
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LeeroyDollar
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Does this John Young have any connection to Young Oil Corporation?
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IWISHIHAD
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Surf City, great place to live.
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cactus33
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interesting last night, i dont see any other posts worth mentioning. this john lee guys all worked up. probably hpobet or something.

I dont know what to think anymore.

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cactus33
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what a mess over there at yahoo, AB not having many friends right now. I dont think adam was talking about suing the whole board,lol, just finding out who JL was. and if they have another agenda. I just think ab had too much to drink last night. Enough with the litigation talk though, makes people look like such pus$#$*#$ imo.
But, i guess its the best way to freak people out. I know i would freak out if someones attorney was after me, lol

from roxandbonz..

I'll be busy on my liabel readings this weekend. Do you give me the
okay to adress all your comments in this post and back my comments
up with facts? Your threats of taking legal actin against at least
12 of us is your decision. I have to say there is a huge amount of
misunderstanding around here.
This email will be one of the first documents I produce to a
judge/ jury If you feel we have to go to court.
If everything is on the up and up as you say ..produce the facts to
shut us up. If you can't shut us up with a few truthful facts we
will still have the same questions. The choice is yours. Do you keep
the doors closed and have us kept in the dark or do you open the
doors to let us see what is going on.
Every judge and jury will see we are trying to work with you. They
don't usually side with people who clog the legal system with
problems the two parties should have easily worked out.

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cactus33
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this is probably good for OMDA, this fallout. it needs to happen so we can get to the bottom of things...

from rox

Ask Adam If I can answer you.3056092345

--- In omogshareholders* yahoogroups. com, "bittaku" <bittaku*... > wrote:
>
> Williams. We deserve to know the facts about the company we have
> heavily invested in. We get everything but the true facts.
>

"brief tenure as COO'? Does it mean you are no longer the COO?

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IWISHIHAD
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Sounds like a OMOG nightmare over there.
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cactus33
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The S just hit the fan,

reb.. did you bail this? any thought on all this..

watch, pps will probably rise now that the heats on adam, lol

and the heat is on...

fat is all over him..
Rox, sadly there is no law against arrogance. And there is no law
against stupid. Stupid would be posting non public information then
threating your former COO and his consultants with legal action for
posting non public information. Stupid would be having been given a
choice of a behind the scenes reconcilliation of the accounting with
an oportunity to make restitution if required or having that same
reconcilliation performed in a more public venue by people with
regulatory responsibilities and criminal authority and choosing the
latter. Arrogance is still believing he can still bully his way out
of this.
If stupidity and arrogance were crimes he would already be in jail.
With any luck he'll grow a brain in the next two days or I'm afraid
it's very likely that's where he'll find himself. Gotta tell you I'm
having a tough time working up any tears.
fAt

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cactus33
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whoaaaa chit, I cant believe some of the stuff im reading, shows how freaking lame my DD was on all this.
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cactus33
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website still under construction
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cactus33
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http://www.biotechmedics.com/page13.html
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Rbreb13
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I just wasted the last hour over at the Yahooz board. What a mess.
What a bunch of maroons!

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cactus33
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I think everyone is like wtf? I think that this is all a good thing because the heat is really turned on now. trial should happen, now AB has a lot to prove thats for sure. biotec is trying to form a case against AB as he is against them. Very interesting to see how the market reacts. I expect some kind of PR and maybe a new website.

Its not good to see the things exposed though in such a strange way

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cactus33
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interesting that the only thing that they could get out of ab about BIO MED was that he was bothered that OMOG shareholders would bail/be affected. Im guessing that BDGR lawyers drilled him about everythin under the sun. Interesting this was all videotaped too. seems like OMDA is the only succesful takeover so far? But, is this trial nothing but a frivolous lawsuit with no meat what-so-ever. doesnt seem like it considering all the deposition and time the judge has allowed. chances are that the trial will go thru. and has legs to stand on. I dont know what to believe anymore. I hope for a pr monday am..


111. On March 7, 2006, at 9:15AM, in Miami, Florida, Barnett at a “Videotaped Deposition” in the 215th District Court of Harris Co, Tex Case No 2005-23020 captioned: OMDA Oil and Gas, Inc., v Joe Lanza, et al, BARNETT UNDER OATH AND PENALTIES OF PERJURY COULD NOT REMEMBER ANY SIGNIFICANT DETAILS OF THIS LAWSUIT WHICH WERE SO “DISPARAGING” THAT JONES AND BARNETT BROUGHT THIS ACTION .

Quote from Page 17:

“By Mr. Bishop (Esq.):

Q. Who is the defendant?

BioTech Medics.

Q. What’s your relationship with BioTech Medics?

A victim of slander and defamation.”

Quote from Page 18:

“Q. Okay. And what was the public news that was on their web site that upset you?

Mr. Drinnon: Objection to form.

I don’t remember. It was a number of”

QUOTE FROM PAGE 19:

“things, I don’t remember specifically.

BY MR. BISHOP:

Q. Okay. It upset you bad enough to where you filed a lawsuit, you don’t remember any of it?

I didn’t say I didn’t remember any of it.

Q. Okay.

But I’m not comfortable guessing all the different things that they misrepresented.

Q. I’m am not asking you to guess, I’m asking you to tell me at least one thing that they said about you that was so bad that you filed a lawsuit?

They made representations that they had been—let’s see. I just don’t feel comfortable guessing. It’s all available in Dallas.

Q. You can’t sit here today and tell me one thing that they said about you that was so bad that you felt like you had to file a lawsuit?

I felt—

MR. DRINNON: Objection to form.

Go ahead.

I wasn’t comfortable with them mentioning OMDA Oil And Gas and the tiger (ticker) symbol to my-in my opinion, for their goals of benefiting their stock by trying to lure over thousands of our
shareholder.

Q. Okay. I want to know what you thought before you ever contacted your lawyer about it?

The content of their press release in miniature I felt was not truthful.

Q. What did it say?

If it was in front of me, I could read it and be confident. It’s just I’m under oath and I don’t feel comfortable guessing.

Q. So you don’t remember anything about it?

MR. DINNON: Objection to form. He stated he doesn’t feel comfortable guessing.

BY MR. BISHOP:

Q. I’m not asking you to guess.

BY MR DRINNON: Yes, you are.

BY MR. BISHOP:

Q. I’m not asking you to guess, okay? I’m asking you to just to tell me what you remember?

MR. DRINNON: Then he’s responded.

I just remember that they mentioned things that weren’t truthful about me and I didn’t like that they brought up the company that I’m chairman and the symbol-

BY MR. BISHOP:

Q. Okay.

–for their-for purposes I felt of their”

QUOTE FROM PAGE 22:

gain to expose their stock to my – to our large shareholder base.

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Rbreb13
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quote:
reb.. did you bail this? any thought on all this..
Much as I hate to admit it. Yes I did but not for the reasons you think. I sold at .0036 for a loss on Sept. 7th. The way OMOG has been trading in this channel I figured I would use the money for some other plays, hopefully make some profit and still be able to get back in at or near my exit price. Looks like that's going to work out for me.
I figured anywhere in the .003's would be fine. Looks like I might get it back a whole lot cheaper than that. Triple zero's anyone? [Confused]

As for all this other chit thats going down. I have no idea what/who to believe. I most likely will be back in this by the end of this month or first couple weeks of next month. We'll see how this all pans out and go from there.

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cactus33
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its cool you are honest, one thing ive learned about pennies and markets is that when it seems like its over, BAM.. something happens. I dont know if anything has changed for the bad here. If anything it gives us all a better idea of whats going on. remember bio med's accusations are are slanted as they are trying to defend themselves. I am pretty sure that AB and crew are not happy right now as fat says more and more people request to join yahoo board. Only because Longs bailing OMDA is his nightmare. he admitted it under oath. Web site is down, and last time that happened they had a nice surprise. Im gonna hold and see how this plays out.
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cactus33
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AB knows that you cant have a complete investor bail out, if so, then no one will buy anything, nada..

we are already completely oversold right now. so i dont know how they will possibly pull off any dilution right now. Or even hint at it.

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cactus33
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morning everyone, looks like it was pretty tame last night. I still think its a good thing all this heat is on OMDA now. Now we may finally be getting somewhere. Remember that adam was instrumental in taking over OMDA so i dont know how much he is willing to turn over the reigns sompletely. The bio med stuff has been out for 3 months now. All that claims is that AB tried a hostile takeover, which we all knew before. There was some interesting other tidbits in their though, lol.. but adam seems to deny a lot of it. Im sure that AB is not happy with the recent attention over at yahoo, his worst nightmare is for longs to bail, and freak out. which is happening right now. Website still down. This should get interesting...
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IWISHIHAD
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I do not see this as a bad sign, things are just more public now. It appears some people on the inside are trying to do something for some reason. With a big lawsuit coming and the possible potential of this company there could be many reasons, but the biggest reason i see is that someone either wants a big part of the action or it has something to do with the upcoming trial we as outsiders have our best guesses. But the thing i ask myself is why so much concern over this small oil company if they did not think a lot of money could be involved someone wants more control or its appears to be lawsuit related my guess. They know Adam loves to play on the Internet and its probably his lawyers big nightmare yet on the other hand he is a big customer of their firm. We know the downside of the pennies, but this one has the potential of a big upside time will tell, i like what i have seen this last few days other than Adam spends to much time posting and defending himself, but that is Adam. Someone wants more control of this company and is bashing and has to be an insider from what i am reading and i am not talking about normal investor talk, this is good because if they thought this company was not worth anything these insiders would not be wasting their time. I have not read anything here that concerns me since the trial is coming other than Adam just talking , but he was a little more careful in his responses than normal, usually he just calls it like he See's it. The one thing i see in the price right now is that it is just a little lower than other oil stock that i consider comparable we will see what happens this week after these statements, but i expect some investors will jump at the action because of the upside.
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cactus33
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John LEE..

The reason John Lee started posting on the board is that he has seen people here, shareholders of OMOG, begging Adam, the CEO of OMOG for an update of the company’s business development without a word of response. His intention was to take the initiative to ask some questions, from questions he may get some answers and those answers may shine some light on what he should do with his OMOG shares, for the board was dead for weeks and the pips has been dropping down further. John Lee was fully expected that he might be labeled as a basher like TT and be kicked out of this board within two days for his views are similar to his.

However, to John Lee’s complete surprise is that his questions and comments seem really touched some nerves and John Lee suddenly has become part of the attention of not only 178 members + 5 new members on the board but also the day traders at AllStocks, Ihub, OMOG Legal, Yahoo legal, may be FBI and CIA are involved as well. Why FBI/CIA? Has John Lee’s questions and comments terrorized somebody? Never dreamed of it in his life John Lee's words would have scared somebody.

If they all really get involved, then, the common sense tells that his questions and comments may have had some truth. If his questions and comments are nonsense, then anybody with holding the truth could easily show what they have to prove John Lee was wrong or just laughed at it and ignore it, for eventually the truth revealed later would prove John Lee was wrong and he would have made a fool of himself, which would become a laugh following him whenever he would be at the investment community on the internet, instead of threatening to take him to court. It is that simple, isn’t it?

Why may John Lee get sued? Because he has leaked out insider information? His questions and comments made based on common sense have made him an insider of OMOG. What an honor! (However, his guess is that nobody wants to be a so called insider of OMOG, for majority of them are also bag holders and might wish never got involved).

Let’s look at the definition of an Insider:

Insider (dictionary.law.com)
”n. someone who has a position in a business or stock brokerage, which allows him/her to be privy to confidential information (such as future changes in management, upcoming profit and loss reports, secret sales figures and merger negotiations) which will affect the value of stocks or bonds. While there is nothing wrong with being an insider, use of the confidential information unavailable to the investing public in order to profit through sale or purchase of stocks or bonds is unethical and a crime under the Securities and Exchange Act.”

Has John Lee’s comments made about OMOG on the forum here caused the pps to fluctuate and he has made profit out of it?

If a large amount of shares of a particular pink stock had been sold into the market and the selling activity has been lasting for days, weeks or even months. If the selling were not from the company, the company usually would address this issue in a pr ASAP. However, if the selling was from the company, then the company would keep its mouth zipped or even worse to get some pumpers to blame the MMs for naked shorting its stocks. If someone used his common sense and made a comment on the situation by saying the stocks selling was from nobody else but the company, wouldn’t it be ridiculous if the company sued that someone for leaking out insider information, which turned out to be true later?

People here have been waiting for months to hear from the new COO of OMOG. John Lee made a comments the COO might never got anything from the CEO, which turned to be true. John Lee didn’t make the call to the CEO of OMOG and made an assumption about what the call might be like. Etc. Now, suddenly, those comments and assumptions have become insider information. Therefore, John Lee has made himself an insider of OMOG and may be sued to leaking insider information. Wow!

If this mess really gets into the court in the United State, then John Lee would love to attend the court with joy. It would give him a legitimate reason to apply for a US visa to enter the United States and also would give him a golden opportunity to stay there as an illegal immigrant after his visa expires. He may be able to get a job as a dish washer or kitchen helper in a restaurant to make 5 buck an hour so that he could send some US dollars back to the village in his home country to build a huge bamboo house or a 3-storey high tomb stone for his ancestors to glorify his family name. All the people in the village would go to pay a visit and have their mouths widely open:”WOW!” Can you imagine the kind of joy and happiness it may bring to his family? This outcome would be much better than John Lee wait for the PPS of OMOG to go back up to 3 cents to make a few bucks plus only God knows when. Then he would have to pay a snakehead 30 to 50 grand to bring him to Mexico on a fishing boat, sneak him into the States via desert on foot, then get him shipped to New York in a cargo van. The journey would be extremely dangerous. He may have got himself raped or even killed.

It may give him a chance to get on to Tonight Show with Jay Leno or David Letterman or may be Dateline NBC, that would be cool, wouldn’t it? “The Internet Forum has made John Lee, a villager in the jungle of Vietnam, an insider of a publicly traded company in the United States.” That would be sensational. Everybody on earth would love to watch the show and find out how he had achieved it.

John Lee is not as sensitive to English as many other people here. He never felt TT’s writing was as irritating as the finger nails crossing the chalkboard. Some people blamed him to bashing their be loved stock – OMOG. If OMOG had a good management and was doing well in business, John Lee would think nobody on earth could have a single chance to bash it down from 0.03 to 0.003, not even for Jim Bishop or Janet Shell in one thousand years. If you shut up a different voice today, then sooner or later, someone else would come to shut you up, all IMHO.

TT has the same view as John Lee. It doesn’t qualify TT as an insider of OMOG but John Lee, life is not fair, isn’t it? Who is luckier? TT or John Lee? TT has been bragging about how he has made money from trading OMOG on the board before. John Lee was poor and after getting into OMOG three years ago, he has become poorer. Usually insiders are able to take an advantage of the insider information and profit from it. Who has made profit from OMOG. TT or John Lee? Logically, wouldn’t suing TT for leaking out insider information make more sense? Wouldn’t it have a higher chance to have a case?

Would John Lee’s questions and comments and the discussions on the board affect the pps? Don’t think so. If it is the case, then the stock market would be an easy game and every HONEST person on this board would be rich.

To John Lee’s another complete surprise is that those questions and comments are all common sense. How come nobody has been asking the similar questions after TT was kicked out of the board? It could be all kinds of reasons. However, IMHO, the main reason is that people are so afraid to be labeled as bashers or to be isolated to ask real meaningfull questions. However, without asking questions, how could people find out the truth? The history has proved the truth usually doesn’t just reveal itself without questions being asked and explored.

The human civilization has made great progress in the past few hundreds of years. It has been all from asking questions. By asking questions, people find a way to get answers and truth. How was the Universal Gravitational Law discovered? By asking questions why the apples fall to the ground instead of flying up to the sky. However, another question is that why this question was raised by Sir Isaac Newton (1642-1727) in Europe instead of by someone in India or China. Those two countries have had 5000 years of civilization. The history has given them enough more time to figure out what this physical world has being going than the Europeans, wouldn’t it make more sense for someone in those two countries to discover the Gravitational Law? Why not? Could be all kinds of reasons. However, one of the reasons is because the people there were brained washed by their own culture to be obedient and to be satisfied with what they had. Asking questions out of norm were condemned and strictly forbidden by their rulers or the head of the families in the name of peace and harmony for the county or family. Whoever had the guts to challenge them would be persecuted or destroyed. Is the history in the ancient South-East Asian countries going to repeat itself here on the OMOG Yahoo message board in the United States of America today?

Some people may say, why can’t you wait the lawsuit to be over to ask those questions? Why now? Well, Remember TC once said that he would sell his shares within a heartbeat if it was not because of this lawsuit. Therefore, after the lawsuit is over, everybody will be rushing to the exit. If there are no other business projects going to support the pps, probably the pps will never ever be back up to 0.015+ again. Besides, Are there going to be some kind of funding program for OMOG to sell more shares into the market to pay for the lawsuit and other costs before the lawsuit is over? Is there some kind of system at OMOG to look after the assets returned back from Lanza will be all under the name of all OMOG shareholders? If this is really a WIN case and the longer it drags on, the more assets OMOG will get from Lanza, why would Lanza not settle the case as soon as possible? It seems not making any sense, doesn’t it? Could anybody shine some light on those questions?

The most people here on this board are OMOG shareholders. No matter where they come from originally, where they live right now and what their age or genders are. Everyone of them should be allowed to ask any questions or make comments on anybody else questions regarding how the company was doing in the past and has been doing recently, where the company will be going in the future or speculating on what may be or will be happening in the company. No questions are dumb questions and are forbidden. Only by asking questions, people can find out the truth, so people could make their own investment decisions to buy, hold or sell. Isn’t this the whole purpose of all the investment message boards all about? Let’s keep seeking truth by asking questions and by asking questions to find out truth.
Oh my Lord, show me the way, ............ .
"For all that is secret will eventually be brought into the open, and everything that is concealed will be brought to light and made known to all" Luke 8:17.

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cactus33
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very interesting...


"Re: Art


Your observations make a lot of sense. The reality is that no-one
knows who is selling what and what people are buying with their own
money. The trading volume to reach these current levels from our
recent lows is a lot. As well, the gains on such large volume seem
smaller than some of the runs in the past. You posted some of your
theories about that and they may be dead on but it also could be a
few other factors. Considering the authorized shares raise, the
company's dilutive past, some of the larger shareholders not getting
along, it being summer time and all, etc could be a few reasons as
well. A lot of people who speculated on some past .0038-.006 shares
from the last funding raise wish they had bailed on the last run
to .016 a few months ago. They seem to be taking advantage of the
buying and volume to get re-liquid in case it falls back down to
recent lows again or to new lows if the company sells new paper into
the market soon. I suspect over the next few months many shareholders
will want to slow down their getting out of some of their position as
more light can be seen at the end of the tunnel.

As far as leaving my recent buying a mystery, you could be right
about the stock trading higher if I handled my buys differently.
We'll never know if that would have been the case but at least now I
am communicating better about our investment and company about what
my intentions are. My credibility and the shareholder's hope to make
money eventually is coming off of an all-time low in my opinion. With
the preferred issuance, the authorized raise and some other decisions
made recently now would have been the best time to radically dilute,
reverse, etc if that was my motive. Instead big efforts have been
made to rebuild that confidence and really get our company
successful. There will be a NL out tuesday that really makes a lot
clear about our near term future, my level of commitment and big
growth that we can start getting excited about.

I hope your right about the main lawsuit coming to an end soon, it
definitely would help us all feel much better about our investment.It
would also get us much closer to needing experienced and proven
management to get our wells producing as much as possible. You
mentioned a few weeks ago about KING possibly venturing up with us to
service our wells in the future, if it's the best option we have at
the time it would great. When I bashed their manangement team some I
did make clear that it was information I had received from a TX
contact of mine. I don't take rumors for granted in this business so
I wouldn't make Omda or personal decisions about them because of one
person's opinion. Like I stated, I am not comfortable posting here
who my source was but if you e-mail me and agree to keep it
confidential I will tell you who told me those bad things. Again, it
could be just someone's opinion and have no truth to it.

As far as the challenge we have going about which stock out
performs the other I really don't care. I am not backing out from
what I agreed to but for the record and in the interest of peace I am
just letting you know that it's not something I think about all of
the time. I hope both stocks tie in 9 months and we're all up 1000%.

Additionally on the record I do have a few things to apologize for
and I would like to clear my chest on them. I truly am sorry for
burning your trust and damaging you in anyway. I won't attempt to
know all the ways I adversly affected you and I don't expect you to
be forgiving but I wanted to at least make an attempt. One main
apology that should cover most of it is for all the times I made
representations to you, you in turn made those representations to
others and then I didn't keep my word. Had I been straight with you
more often (I don't think we would have had more success with Panola,
Patroon, Lanza or Young had I been different) we definitely would
have had other successes that at current we don't have. In addition
to wanting to take back some of my actions I also regret posting
anything derrogatory about you on the message boards. I won't get
into anything specific that I may have said but I will refrain from
doing so in the future unless it's something nice. We have enough to
focus on and worry about with our company and investment and in my
opinion there's no room to burn up precious energy fighting each
other. We don't have to like each other but I feel we owe it to
ourselves and to anyone that we recommended this stock to, to allow
success to show itself, encourage it and not get in it's way. It's
probably fair to say that without my resignation you wouldn't even
consider being peaceful with me. That's very understandible but if we
can meet halfway for now, even that move can be accomplished w/o
hurting our current opportunities if done at the right time. As some
of you know, I have recently been named to the suit that Lanza filed
against us. With that to be considered as well as the suit we brought
against them, it would look very bad if I stepped down right now. It
would look bad to the Panola deal we are trying to close and get paid
on, it would hurt us in the Young suit that we have a great shot of
winning, and it's not fair to my successor to hand off the control
with our financials pending completion and other messes I am cleaning
up. I am also about a year of due dilligence and work into a mega-
merger that is super pick up for us and I'd feel better getting that
closed before making a move like that. We have room for a CEO, CFO,
COO, President, etc after we recover our assets from Lanza and that
would probably be a much better time to step down than something
suddenly. I am open to suggestions but I feel now is the time to
rally together and use teamwork to make the tough decisons that will
shape the future of our company. Again, I apologize for hurting your
feelings, for misleading you, for damaging your credibility and
anything else I did whether it was intended or not.

The NL on tuesday will have a dozen new positives for our company's
future. After digesting them I'd welcome and appreciate any feedback
from you or from anyone else before the developments or decisions
become law or get fed to the public in press release form.

I'll be back on-line tonight.


AB"

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cactus33
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Re: buying these shares

I think I should retire a decent chunk of these shares I am buying.

Any thoughts?

AB"

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cactus33
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"Re: fAt

"In principal I'm all for retiring shares but since you just raised
the
A/S to 2.5B two weeks ago you run the risk of people thinking you're a
friggin idiot."

I hear ya brother. What if the authorized share count raise was
mainly for great acquisitions that already have big revenue and some
profits? Possibly those buy-out or merger candidates needed to see
that Omda had the capital structure or room for them to join our
happy family. Of course as the NL's have alluded to, "at much higher
prices." At those much higher prices we could get a lot for 20-30% of
our company. Another good reason to have some share room is for
compensation packages to be made available to future officers that we
want to come into and run the company, unless we can get a quality
CEO, CFO, etc in w/o a salary or stock options. The authorized being
raised doesn't mean we have to use those shares right away. We have
had a month to issue shares if that's what the plan had been.
I'd rather keep the cash in my pocket instead of buying shares in
the open market and then retiring them back into treasury but I am
trying to be as selfless as possible.
I am also working on raising the necessary money Omda will need for
the on-going legal efforts, new drilling opportunities, future
officer salaries, etc without using any shares at all. If that's the
case then retiring some stock now and lowering the shares that Omda
has outstanding isn't so idiotic. People shouldn't confuse authorized
shares with outstanding shares.

Any thoughts?

AB"

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