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BTW, there are a few more things I know about our friend Lanza. By now, you may know as well.
Happy Tuesday!
Perhaps through a Leak in Lanza's office, at a cost of $50.00
(That's $50 before taxes)
Perhaps through a former employee.
Perhaps through a listening device.
Perhaps during a conversation with Joe.
Perhaps a conversation with Mario.
Perhaps I overheard Joe at Jayne's Restaurant.
Does it really matter?
BOD meeting today - see what gets released.....
Can I please have some of whatever you're on?
Simply Unbelievable.
BDGR has the potential to drill numerous "Lucky" spots on their leases.
The question is, what will Lanza do with the subsequent windfall profits?
If you bought 10% of a race horse and it won $1,000,000 - Would you claim that your race horse won $1,000,000? You wouldn't be lying.
BUT, if you claimed YOU won $1,000,000, that would be lying.
If you owned 10% of oil well leases and they produced 4,000 BOE/mo - Would you claim your oil well leases produced 4,000 BOE? You wouldn't be lying.
BUT, if you claimed YOU received income from the sale of 4000 BOE from your oil well leases, you still may not be lying.
HOWEVER, if you claimed YOU received all the revenues from the sale of those 4000 BOE, you would be lying.
Can you guess what Lanza would be claiming? AND can you guess whatever he claimed really meant?
Not too difficult for those of us who have experienced Lanza at his very best.
Ed, Your mindset has prevented you from understanding my wish for Lou -
I wish him nothing but the best. Any reference to him not being able to succeed is directed at Lanza - not Lou. I don't care who has the best intentions - when you deal with the likes of Lanza, you should not expect anything remotely resembling (1) Truth, (2) Unselfish Cooperation, or (3) Doing the right thing for anybody but Lanza.
Any expectations beyond that, one should expect to be significantly disappointed. Lanza is simply NOT going to risk his cash cow for anyone. Anything he shares with Lou is likely to be highly suspect, and likely meant to misrepresent or hide the facts. Thirty years a con man - always a con man.
JMMHO, as always, of course.
Ed, I'd suggest you ask your own attorney what is at stake. Then feel free to send me any new-found suggestions as a result of your conversation.
If anyone thinks Lanza is going to expose his operations to anyone outside of his family, they are in LA LA land (and I don't mean Louisiana or Los Angeles).
Lanza is completely transparent. No other way to say it. Anything he does, he does for himself. He knows no other way.
Of course I wish only the best for Lou. Unfortunately, the most Honest people are the most easily duped by those who are adept at it. Like the rest of us I was completely duped by Lanza and Michael. I can't imagine anything or anyone that could alter Lanza's behavior.
Let me know what your attorney says.
Happy Thursday!
And, you don't think they broke the law?
Lou, I don't whether to congratulate you or suggest you need serious legal counsel and immediate psycho therapy.
I bet I'm not the first person to tell you so!
In today's world, with the new laws, BOD members can and are often held responsible for a firm's misdeeds. As a result, many who have held such positions are now turning them down and not looking for re-appointment. (I suspect Rick M may have realized his own vulnerability for recent "deeds" and bolted rather quickly)
Normally being asked to become a BOD member is a credit to one's business prowess. Hopefully Lanza isn't using you in his greater scheme to perpetuate his "untruths".
Best of Luck!
Lou, Batteries changed.
3,126,864
2,482,219
__________
-$644,645
105,614
__________
-$539,031 Operating Loss..?
Lou:
April 30, 2007 11:31 AM ET
Black Dragon Resource Companies (PINKSHEETS: BDGR) today announced that updated Operating Revenue for 2006 was $3,126,864, reflecting sale of oil property.
Black Dragon's management originally reported the figure at $2,482,219, but after taking into consideration the reselling of the Caddo Lake property, another $644,645 had to be added. Gross revenue in 2005 was $1,099,460.
In addition, management is reporting a profit of $105,614 in 2006, compared to a loss of $176,883 in 2005.
3,126,864
2,482,219
---------
734,645 Caddo Lake contribution
105,614 Stated Profit
---------
629,031 LOSS w/o Caddo Lake sale
Lou, I'm using the figures stated in Lanza's latest PR. I Don't have access to Barry's numbers.
Yankee, Can you find someone to read this for/to you....
Lets See...Profit was reported as being $105,614.
The profit from the sale of Caddo lake Properties (3,216,864 minus 2,482,219 equals $734,645.)
Thus, $105, 614 from $ 734,645 REALLY MEANS THEY HAD AN OPERATING LOSS OF $629,031.
That operating loss is more than FIVE times their operating loss of 2005.
I'm not sure that trend is a positive event - anyone disagree?
Of course, Petrol and Four Star likely received the bulk (if not more) of that loss from Lanza to Lanzas.
Lou,
Stated Revenues were 2,482,219
Then restated to 3,216,864 to reflect Caddo lake sale.
Hence, a $734,645 increase in sales due to Caddo lake sales.
If their profit, as stated was $105,614, then it would have been 743,645 - 105,614 or a LOSS of $ 629,031 without the sale of the Caddo property. Simple Math says it all.
Their operating loss for 2006 would have been $629,031 without the sale of that Caddo lake property. You can consider EBITA, of course, but Lanza's continued misrepresentation and misleading statements continue UNABATED. And that, my friend, is not a good thing for anyone, except the Lanzas.
With Lanza funneling $1,000,000 or more into Four Star and Petrol, from BD's coffers, and any company buying BD ceased that cash cow, perhaps BD would indeed show it's profitable picture with certain clarity.
Yankee - Is that all you have to offer??? - C'mon give me a reason to reconsider and get back into BDGR? Maybe I'm missing something? Or maybe you're missing something - a few marbles perhaps? Speak, oh wisest one - enlighten this poor unknowing individual - take me out of my misguided proper due diligence and cast me into the shadows of no-doubt - the place where people like you dwell and dwell and dwell and dwell until those with IQ's above room temperature see what you really represent.
Lets See...Profit was reported as being $105,614.
The profit from the sale of Caddo lake Properties (3,216,864 minus 2,482,219 equals $734,645.)
Thus, $105, 614 from $ 734,645 REALLY MEANS THEY HAD AN OPERATING LOSS OF $629,031.
That operating loss is more than FIVE times their operating loss of 2005.
I'm not sure that trend is a positive event - anyone disagree?
Of course, Petrol and Four Star likely received the bulk (if not more) of that loss from Lanza to Lanzas.
Just for you Yankee - Try to Stay focused :>)
Lets See...Profit was reported as being $105,614.
The profit from the sale of Caddo lake Properties (3,216,864 minus 2,482,219 equals $734,645.)
Thus, $105, 614 from $ 734,645 REALLY MEANS THEY HAD AN OPERATING LOSS OF $629,031.
That operating loss is more than FIVE times their operating loss of 2005.
I'm not sure that trend is a positive event - anyone disagree?
Of course, Petrol and Four Star likely received the bulk (if not more) of that loss from Lanza to Lanzas.
yankee - you just can't focus on reality can you ?
Lets See...Profit was reported as being $105,614.
The profit from the sale of Caddo lake Properties (3,216,864 minus 2,482,219 equals $734,645.)
Thus, $105, 614 from $ 734,645 REALLY MEANS THEY HAD AN OPERATING LOSS OF $629,031.
That operating loss is more than FIVE times their operating loss of 2005.
I'm not sure that trend is a positive event - anyone disagree?
Of course, Petrol and Four Star likely received the bulk (if not more) of that loss from Lanza to Lanzas.
Make that "Lots of experience working with Lanza".
MD - Had Lanza used the words: "Our Revenues" are increasing - that would be palatable. I've never seen a company reporting reduced negative earnings as being increased "earnings" - The words "Reduced losses", maybe -
but never the way BD is portraying it. Such wording is more of Lanza style "reporting" deliberately chosen to misrepresent actual reality.
JMHO, of course.
Happy Thursday!
Nitwit, No need to. Been talking with people in and around Oil City. Unlike the fool that you've repeatedly proven yourself to be, I do my homework.
This time around I'm not relying on anything our friend Lanza has to say. Last time I did that I posted lots and lots and lots of positive comments on this board - but you wouldn't know that either, now would you? Course not. All those comments were based on what most of us (you may be the sole exception) now know were all deliberate lies.
It would appear that several unpleasant events are unfolding -and I'd truly love to share that very public information with YOU of all people, but I'd rather see you continue to make a total fool of yourself.
Maybe you'd like to make the same few phone calls - not sure if they'd be local or long distance for you - I'l give you a hint - whatever you think you know about Black Dragon board resignations and appointments - is total bunk. Whatever you think you know about Black Dragon's current operations and oil production isn't close to reality.
If you can ever figure out how to dial a phone and ask a question or two, you just might learn a thing or two - maybe even three or more. Who knows....
Then again, maybe you don't want to know the truth - Maybe, just maybe you're here for a different reason altogether.
Maybe you already know the truth - and that is why you're so insistent on putting such a laughable spin on things.
Then again, maybe you are simply mentally challenged. If that is the case, that's okay. I'm sure everyone would understand your inability to grasp reality.
Of course, for all I know, you could be a Lanza in likwit clothing. Let's see likwit....likwit....acronym for likwit...
Like I Know What Is True?
Like I Know What It Takes?
Lanza I Know Why Is Trouble?
Lanza Is Killing What Is Truth.
Lanza Isn't Knowing What Is True?
I give up. More sinister, I suspect.
Nitwit - Officially Certified and Totally Clueless Idiot.
As I said earlier, Lanza has some waterfront property for sale on Jupiter's Fifth moon. Get it now while the price is still affordable! I have Lanza's word it is really nice acreage.
I feel a PR is due out tomorrow announcing the remaining acreage available along with data on available mining licenses and current oil production on the adjacent land - which coincidentally, is joint owned by Mario and Jayne Lanza.
Go for it! It'll fit right in with your portfolio.
Nitwit spits out his absurd prognostications and Snowcrow (my hero) responds with the truth:
Blatently Fradulent, Wholly False, Totally Misleading, Completely Misrepresenting, and Outright Lies from Black Dragon's earlier press Releases.
Nice work Nitwit. Keep it up and we'll continue to see the FACTS reposted..
Hey Nitwit - do you really think anyone believes your idiotic verbage any more than they believe Lanza's ? Who's writing your script? Joe, Jayne, or Mario?
Time to post the last 50 PRs again methinks -
I Luv it!
"When the audit is done"
When the audit is done Lanza is headed for the BIG HOUSE!
I do not believe for one millisecond that everyone "resigned".
Looks like you eliminated a few words in the forward looking statements:
Management will not project future production, due to the variables of weather, equipment availability, pricing, past lies, prior deceptive PRs, continued misrepresentation of facts, and misleading of investors. However, they are confident that, barring the unforeseen, production will increase each quarter. Much of that production, however, will not benefit Black Dragon as they do not own 100% of the leases.
Gotta keep you honest lest you fall into the rut and be just another Lanza mouthpiece.....hmmmm..
Hey Accurate - you'd best let Nitwit know that RedChip is the very same advisor that said in an earlier report that BD's stock is worth $8.00 a share.
Of course they based their assumptions on BD's wholly false information.
I wonder what's different today......
Hey - I was speaking with our friend in Oil City - you know, the one who isn't capable of issuing a truthful PR -
Anyway, he told me he has some waterfront property on Jupiter's 5th moon he can let go for a song. The land is selling fast, so if you do want to take advantage of his special low offer, you'd better hurry.
It's located on the southern hemisphere, not far from the rich gold fields of JPSH-154. He believes the main Gold vein
may run right through the property. He's selling because he needs the money to drill 5,673 oil wells on his Louisiana properties, and doesn't have the necessary spare equipment to drill for the gold himself.
Good luck.
you're truly a pair of nitwits. Do you really expect anyone (other than yourselves, of course) to believe that the $620K goes to Black Dragon?
Do you even grasp the concept of what "GROSS" revenues means?
Are you unable to comprehend that BD does NOT receive all those revenues as they may own a mere fraction of the percentage of the lease?
Can you not fathom that BD has expenses to produce that oil?
Obviously, you don't understand "NET" revenue either.
What's the use....
On this board - it's been Babble. Plain & Simple Babble.
(Of course you may have been misled by Lanza.....not unlike myself, and everyone else - and that may have densely clouded your vision as well, and rendered you a frequent babbler).
Bring some facts to the table - can you do that? Can you at least look into doing that? Can you contribute in a meaningfuul fashion by providing us dimwits with something we can sink our collective financial teeth into? Or is the total absence of anything credible emanating from BD preventing you from doing so?
Your earlier post referring to PRs from Rick Michael says it all. You have totally missed this boat and are stuck on the pier. Sure, Rick may have put his name on those PRs (an action that may soon cost him dearly) but it is - oh so -obvious who wrote and orchestrated them for his signature.
(A few are EXACT replicas of some earlier PRs Lanza issued for another comapny - a company he was formally charged with issuing FALSE PRs for. The only difference was the substitution of the comapny name.)
See ya.
"When the audit is done." That could be well into the future - there is WAAAAAAAAAAY TOO much incriminating evidence in an audit to let Joe release any meaningful data.
I'll make a bet with you - IF you call Joe Lanza and ask him what he is seeing and expects in offers for BD, he WILL tell you $1.00 per share. Care to bet?
Now do the simple math
- number of shares out,
- Assume 25% of the gross sales are BD's ($160K/Quarter)
- Assume $640K annual GROSS sales revenue to BD
- Ignore actual profit or loss
Gee, looks to me like someone is willing to pay BD MORE THAN ONE HUNDRED YEARS WORTH OF REVENUE FOR THE COMPANY - according to Joe, that would be.....
I'll "talk" to you when the audit is done. (If we both live that long.)
Happy Thursday.
S'matter Yankee07? Can't you take you take the heat on BD anymore?
Having some trouble defending your "position"?
Do you now feel educated to some degree on the consistency of BD PRs?
Do you really believe Rick Michael orchestrated those PRs?
Perhaps you have finally performed some of your own due diligence - clearly not near enough - and are you now ready to share all the factual good news? Huh?
Help me to understand that now is the time to get back in -please? Help me understand why my risk is nowhere near what it was when I was reading (and believing) all those wonderful PRs exhalting the tremendous growth and yet to be realized potential profits from BD. Can you do that?
OR, are you simply only capable of consistent babble?
Guess I'm still left to my own devices to perform additional DD on BD. Oh well. I expected as much...
You may have called it ....Enter Yankee07.
And that fact, my friend, says it ALL.
Hey Lou! Does Yankee think I might be the "other Barry"?
Naw...
What I learned at that meeting caused me to sell - as I so stated in a post the next day. Two of us left with a good feeling - one of us did not.
Keeping (actually 600) shares allows me to actively participate (as opposed to latent participation) in the event of a class action lawsuit against you know who.
It should be abundantly clear (even to someone as yourself) that my cynicism is not directed at BD the Co, but rather at a set of individuals led by Lanza who concocted some not-so-truthful Press Releases.
I offer no apology for that cynicism. I'm maintaing a few fingers in the pie, so to speak, as this company may have the potential to deliver a positive cash flow - but I seriously doubt that will happen as long as Lanza uses BD as a cash cow for Four Star and Petrol.
I don't expect you to comprehend any of this - in fact, I'd be quite surprised if you did. You haven't played the full nine innings as many of us have. Coming in as a late reliever or a sub, you've missed nearly the whole game. Observing from the bench just isn't the same as doing some serious DD including face to face hitting.
After eight full innings, it's BD 9, Investors 0. Perhaps some late game heroics will save the day....now where did I put that video recorder....I want to review the opposing pitcher's deliveries and maybe learn something.
Gee, I thought Nitwit was the only one who knew the truth.
Is there some sort of definitive information about BD that you'd care to share with the rest of us? I did my part sharing with the board months ago - before I knew I was basing my decisions on - how shall I phrase it so's not to upset you - "inaccurate disinformation."
Looking back, I must look pretty silly now - having been so strongly supportive of BD. If I had ONLY known the truth back then!
I bet most of the posters here would much rather see quality information flowing about BD, it's ongoing status, and forward course of action than to see a Bosox and Yankee fan slinging arrows back and forth.
Nuff said. I'm going to do some more due diligence - my tape recorder is at the ready - lest I forget or somehow misrepresent what might be said - Hopefully I'll learn something new.