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WHO ? Someone who is VERY interested in learning all he can about his investment.
Who goes to lunch with the CFO of a company? Someone who is VERY interested in learning (and remembering) all he can about a company he is invested in.
That's who.
Rather than rely on a company's PR's (Especially when they are in question) it behooves one to learn from other sources and make some determination as to the credit worthiness of that source.
That's who.
So tell me, Yankee fan, what type of due diligence do you rely on? PRs issued by Lanza - perhaps? Postings by unknown people whose motives you have no idea as to - maybe? Best of luck to you!
Hey - I only responded to Yankee. When challenged I go forth.
Would that put me on equal footing with Lanza?
Now THAT is a low blow. Or did you not mean to imply that Lanza was of low character? Hmmmmm....
Hey Ryan - where's your sense of humor? Certainly we both must have some left?
First a P.I.....now a snake....Can't wait to see what you have for me next time.
One of these days you'll figure out who I really am and what I really represent.
Until, then, Happy Friday Yankee.
Yankee07 - Read this entire post carefully - You have found me out. I have been a P.I. for the last 34 years. What I have found about Joseph Anthony Lanza would fill an average 2 car garage. None of the material would be considered remotely positive in nature.
My discussions with law enforcement officials in the States of Texas, California, Arizona, Wisconsin, Georgia, Alabama, Colorado, Florida, and Louisiana revealed mountains of charges against our friend - some are still pending, some dismissed with restitution having been made - some resulting in conviction. There are currently OVER thirty civil suits, including many Class Action suits pending. A dozen more are being formulated.
His wife Jayne is something else again. By herself, she may explain Lanza's covert actions and fradulent behavior. No stranger to fraud herself, she has faced fifteen separate indictments - involving 154 counts of fraud, conspiracy to commit fraud, and larcency.
Lanza's father was no stranger to orange jump suits either, in fact he died in a California prison before he could serve out his sentence (66 years). Seems to run in the family.
Revelations about Black Dragon are too numerous to mention. Suffice it to say that the past years flood of fradulent PRs will soon be catching up to Lanza.
FWIW, I have been retained by two well known posters on this board to deliver sufficient, documented evidence, to both the SEC and the AG for the state of Louisiana.
My work was completed this morning. I suspect you'll see the SEC issuing a Halt Trading order shortly. I would be very surprised if I didn't get confirmation NLT next Wednesday from the LA AG regarding formal charges being sought against Lanza et al.
If you believe a word of this post you're a bigger fool that I took you for. NONE of it is true. Everything I've written is a fabrication. I took a page from Lanza's book. Hope you enjoyed the read - you've already proven yourself to be the gullible type.
Happy Friday the 13th!
Gee, Nitwit, maybe this is what you were expecting?
Black Dragon Resources Anticipates Record Third Quarter
Business Wire, Sept 27, 2006
Reports Substantial Progress with Acquired Properties
AUSTIN, Texas -- Black Dragon Resource Companies, Inc. (OTCPK: BDGR)- announced today on an unaudited basis, that it expects to record quarterly revenues for the company for the third quarter ended September 30, 2006.
Gross revenues on an unaudited basis for the first two months of the 2006 third quarter are expected to be approximately $1.035 million as compared to $523,000 for the three months ended September 30, 2005, or an increase of almost 100%.
According to Richard Michael, President, "With gross revenues for the month of September expected to greatly exceed the revenues of approximately $545,675 recorded for August, we expect the quarter ended September 30th to have record results. We were able to achieve these results through execution of our acquisition program and making continuous progress developing our existing properties."
"In the third quarter of 2005, the Company's properties grossed $523,929 resulting from the sale of 7946 barrels of oil. In July and August of 2006 our properties have had gross sales of $833K of oil and $202K of gas. September shipments will exceed August."
During that period, progress has been made developing the eight existing wells in the Spider Field where new drilling is also proposed to begin in the near future. Steps to further production in the Arkana Field including the ordering of key equipment should further this product in the next few weeks. Work also continues steadily for the Hosston Field and Pine Island properties which will be greatly assisted by the addition of the drilling rig previously announced by the Company. We are also pleased to report that sites have been located and staked for drilling permits for the first 4 new wells on Caddo Lake.
Management continues to remain confident with its target of producing 30,000 barrels of oil or equivalent a month by year end 2006.
Nitwit - Maybe this was the news you were expecting?
Black Dragon Resource Companies Acquires Additional 77 Wells in Caddo Pine Island Field.
Publication: Business Wire
Date: Oct 18 2006
Anticipated to Add Approximately 18,000 Barrels of Annual Production
OIL CITY, La. -- Black Dragon Resource Companies, Inc. (OTCPK: BDGR), announced today the acquisition of 77 wells on 11 leases comprising approximately 300 acres in the Caddo Pine Island Field of Caddo Parish Louisiana from Allen Petroleum, Inc. for a $350,000 note payable over 3 years and 500,000 shares of restricted common stock of Black Dragon.
"The wells are anticipated to provide production of approximately 18,000 barrels per year", according to Richard Michael, President." We are pleased to have had the opportunity to acquire this premier property which is located adjacent to our existing operation at Pine Island. We anticipate putting the property into production in the near term by converting two of the existing wells to salt water disposal. We anticipate that the remainder of the wells will only require limited equipment and repairs to be placed into production," added Mr. Michael.
"The properties are within three miles of the company's offices and facilities in Oil City Louisiana and will allow for ease of administration," stated Mr. Michael".
Hey Nitwit - is this the news you were expecting?
Black Dragon Resources Produces Approximately 12,000 Barrels or Equivalent for September.
Publication: Business Wire
Date: Oct 3 2006
Record Quarter Expected for the Third Quarter of 2006
Additional Progress Made with Caddo Lake and Arkana Facilities
OIL CITY, La. -- Black Dragon Resource Companies (OTCPK:BDGR), announced today that the company produced approximately 12,000 barrels or equivalent for the month of September, 2006. The 12,000 barrels of production should provide the Company with over $3.5 million of gross revenues on an unaudited basis for the first nine months of 2006.
"This is an exciting quarter for Black Dragon," stated Richard Michael, President. "Our third quarter ended September 30th should provide us with revenues of approximately close to $1.7 million, a record quarter for the Company. Our progress in bringing on line our projects has enabled us to anticipate revenues for the third quarter of 2006 to exceed revenues for the entire 2005 fiscal year, and for the first six months of 2006. Assuming completion of several of our previously announced projects under restoration, the Company anticipates that fourth quarter revenues should surpass the combined revenues for the first nine months of 2006."
Mr. Michael went on to say that Black Dragon expects to commence putting its Arkana field and its gas production into operation through the placement of a rigging facility on the site which is expected to happen sometime this week. Additionally, Black Dragon expects to commence shallow drilling at its Caddo Lake facility by mid-October.
"We continue to remain confident with our target of producing 30,000 barrels and equivalent a month by the end of the year without taking into accounts other acquisition and development opportunities that we continue to evaluate," added Mr. Michael.
(1) Second source confirmed.
(2) Nitwit needed help.
(3) See you in 47 days!
Nitwit, FYI: I do believe these are the actual production figures (BOE) for 2005 and 2006 for Black Dragon Resources.
JAN 1,086
FEB 1,096
MAR 1,454
APR 1,609
MAY 1,652
JUN 1,442
JUL 1,498
AUG 1,667
SEP 1,223
OCT 2,036
NOV 3,780
DEC 3,665
2005 22,208
JAN 3,428
FEB 3,382
MAR 4,492
APR 3,751
MAY 3,080
JUN 5,369 (18,000 run rate claimed)
JUL 4,544
AUG 4,934 (11,000 claimed as done)
SEP 3,712 (12,000 claimed as done)
OCT 5,130
NOV 4,027
DEC 3,638 (2000 BOE/Day was the reaffirmed expectation)
2006 49,486
Gee, they doubled production from 2004 to 2005. Perhaps they can do so again in 2007....
Odd, I didn't see any 11,000, 12,000, 18,000, or 30,000 BOE referenced in any monthly totals as per Press Releases....
But, the 6700 BOE for March does sound - oh - so nice.
Oh, I forgot to mention -
"Defendant, Joe Lanza, a/k/a Anthony Joseph Lanza, a/k/a Joe A. Lanza, sometimes referred to herein as “Lanza” is an individual who has been convicted of a Federal crime and who has served time for violations of Federal law in Federal prison."
Here's one of my Favorites:
"LAKE HARMONY, PA -- (MARKET WIRE) -- October 04, 2006 -- Black Dragon Resource Companies (PINKSHEETS: BDGR) announced today that the company produced approximately 12,000 barrels or equivalent for the month of September 2006. The 12,000 barrels of production should provide the Company with over $3.5 million of gross revenues on an unaudited basis for the first nine months of 2006."
Note: It was really 3711 Barrels. But they already knew that.
Here's a quote from another well learned poster:
“And one more thing I never mentioned. I talked with Walter Watts some time ago (summer). At that time he told me that he had first labeled the wexco report to Joseph Lanza but was told by RM to change it because Joe isn't supposed to be involved with stocks after something to do with 2 years in jail in Cal. I believe it is addressed to Gentlemen now.
He also didn't want his name and License # on it. But that might be because he doesn't have one. Walter Watts III is listed as an officer of the company. Though he told me they put his name there without his permission."
NICE!
Had enough?
Nice. And to think some called YOU a negative poster for trying to alert others - shameful - absolutely shameful of them. The very nerve of some people.
---------------------------------------------------------
Posted by: likwit
In reply to: None Date:3/6/2007 6:25:10 PM
Post #of 87679
I was banned from the FGFC board for repeatedly posting that the company was a scam and had ties to Edward hayter. NOt for slander or anything of that nature..
Currently FGFC is in a court case with shareholders since it was a scam and turns out Edward Hayter was involved all along..
Since technically all I did was do the board a favor, I think i should be allowed to post...
Ah yes, a character reference is in order, I see -
The Securities and Exchange Commission today filed a civil action in the U.S. District Court for the District of Columbia against Members Service Corporation, Philip Sung, John R. Silseth II, Union Securities Ltd., David Gilbert, Todd H. Moore, Charles V. Payne, Wall Street Strategies, Inc., Joseph Lanza, and Kenneth O'Neal alleging violations of the antifraud, registration, and reporting provisions of the federal securities laws.
The complaint alleges that, beginning in 1992, certain defendants issued false and misleading press releases, prepared false and misleading financial statements,
release, Members falsely stated that it had acquired a synthetic blood company - In another press release, allegedly predicted that drilling on its oil and gas properties would generate substantial revenues, but the release failed to disclose that there was no reasonable basis for the prediction.
The complaint alleges that Lanza violated Sections 5(a), 5(c) and 17(a) of the Securities Act, Section 10(b) of the Exchange Act, and Rule 10b-5.
Of course all that is in the past, and has ABSOLUTELY NO BEARING WHATSOEVER AS TO CURRENT EVENTS AT BLACK DRAGON.
The Securities and Exchange Commission announced today that on October 4, 2000, the United States District Court for the District of Columbia entered final judgments as to defendants Philip Sung, Joseph Lanza and Jayne Lanza.
Defendant Joseph Lanza is a stock promoter and resident of Rancho Mirage, California. Joseph Lanza is alleged to have made false and misleading statements in the course of recommending the purchase of Members stock. Without admitting or denying the substantive allegations of the Complaint, Joseph Lanza consented to the entry of a Final Judgment which permanently enjoins him from violating Sections 5(a), 5(c) and 17(a) of the Securities Act and Section 10(b) and rule 10b-5 of the Exchange Act, and which orders him to disgorge $265,214 plus prejudgment interest of $239,085 and which waives payment of the disgorgement and prejudgment interest and imposes no civil monetary penalty based upon his sworn representations concerning his financial condition.
The Commission's Complaint alleges that Joseph Lanza funneled the majority of the funds he received from his participation in the defendants' fraudulent scheme to his wife, relief defendant Jayne Lanza. Without admitting or denying the substantive allegations of the Complaint, Jayne Lanza consented to the entry of a Final Judgment ordering her to pay $250,000 into the Registry of the Court as settlement of the Commission's monetary claims against her. Relief Defendant Jane Lanza was not alleged to have violated any laws.
Oh, and then thwere was this little item:
PALM SPRINGS, Calif.--(BUSINESS WIRE)--Sept. 9, 1998--Airstar Technologies, Inc. (OTCBB: ASTG) herewith announces that the Company has filed a Form 8K with the Securities and Exchange Commission identifying a lawsuit filed by the Company on August 27, 1998 against Joseph Lanza, Jayne Lanza, Mario Lanza, Indian Wells Investment Company (IWIC) and several other entities believed to be owned or controlled by Joseph Lanza.
Then were a few audit discrepancies noted by the authorites re oil production reporting - more recently -
Officer Name Title
MARIO LANZA PRESIDENT
JAYNE LANZA SECRETARY
Organization Red Flags
Effective Date End Date Warning Status Warning Description
04/21/2005 01/19/2005 E I & E COMPLIANCE VIOLATION
12/31/2005 03/13/2006 M MONIES ESCROWED
01/23/2004 03/05/2004 S FORM R-4 SUSPENDED FOR PRODUCTION AUDIT DISCREPANCIES
01/23/2004 03/05/2004 S FORM R-4 SUSPENDED FOR PRODUCTION AUDIT DISCREPANCIES
01/23/2004 01/27/2004 S FORM R-4 SUSPENDED FOR PRODUCTION AUDIT DISCREPANCIES
Of course, NONE OF THIS IS RELEVANT TO TODAY. IT'S ALL BEHIND US.
Happy Friday!
Lest you think Joe Lanza (aka Joseph Lanza, aka J Anthony Lanza, aka J A Lanza, aka Joe Lanza)and his wife Jayne, and son Mario sit idly by -
NEW DOMESTIC FILINGS: 12/03/05 THRU 12/09/05
JOSEPH LANZA, Registered Agent, WOOLDRIDGE PRODUCTION COMPANY, LTD. LIMITED PARTNERSHIP #1
JOSEPH A. LANZA, Manager, JA LANZA, L.L.C.
JOSEPH A. LANZA, Member, MISSIONI OIL & GAS, LLC
JOSEPH A. LANZA, Member, TIMOTHY LANZA, LLC
JOE LANZA, Registered Agent, FOUR STAR OIL COMPANY
JOE LANZA, Registered Agent, WOOLDRIDGE PRODUCTION, L.L.C.
JOE LANZA, Member or Manager, WOOLDRIDGE PRODUCTION, L.L.C.
JAYNE LANZA, President, FOUR STAR OIL COMPANY
J. A. LANZA, Member, RED ROSE OIL & GAS, L.L.C.
J.A. LANZA, Member, OILWIN, L.L.C.
J.A. LANZA, Member, CALIENTE OIL COMPANY, L.L.C.
MARIO LANZA, Registered Agent, PETROL INDUSTRIES, INC.
MARIO LANZA, Registered Agent, JAYNE MARIE OIL & GAS
MARIO LANZA, Secretary, PETROL INDUSTRIES, INC.
MARIO LANZA, Secretary, FOUR STAR OIL COMPANY36064376K 12/05/2005 JAYNE MARIE OIL & GAS INVESTMENT, LLC 100 NORTH LAND AVENUE OIL CITY, LA 71061
Agent: MARIO LANZA 100 NORTH LAND AVENUE OIL CITY, LA 71061
Member/Manager MARIO LANZA, Member 100 NORTH LAND AVENUE OIL CITY, LA 71061
Member/Manager MISSONI LANZA, Member 100 NORTH LAND AVENUE OIL CITY, LA 71061
INVESTMENT, LLC
MARIO LANZA, Member, JAYNE MARIE OIL & GAS INVESTMENT, LLC
MARIO LANZA, Registered Agent, LANZA LAND MANAGEMENT
MARIO LANZA, Member, LANZA LAND MANAGEMENT, LLC
MARIO LANZA, Registered Agent, MISSIONI OIL & GAS, LLC
MARIO LANZA, Registered Agent, TIMOTHY LANZA, LLC
MARIO LANZA, Registered Agent, LANZA AT THE LAKE, LLC.
MARIO LANZA, Member, LANZA AT THE LAKE, LLC.
MARIO LANZA, Registered Agent, THE OIL CITY TRIANGLE, LLC.
MARIO LANZA, Member, THE OIL CITY TRIANGLE, LLC.
MARIO A. LANZA, Registered Agent, BONZAI VENTURE, L.L.C.
MARIO A. LANZA, Member, BONZAI VENTURE, L.L.C.
MISSONI LANZA, Member, JAYNE MARIE OIL & GAS INVESTMENT, LLC
MISSONI LANZA, Member, MISSIONI OIL & GAS, LLC
TIMMY LANZA, Member, TIMOTHY LANZA, LLC
TIMOTHY LANZA, Member, LANZA LAND MANAGEMENT, LLC
Nitwit, perhaps you should also reference these: Find the one that was truthful, if you can.
BLACK DRAGON PRESS RELEASE STATEMENTS:
4/1/2005 : We’re on track to own at least 1000 wells by August 2005.
4/13/2005: Audited Financials will be produced shortly
4/14/2005: Black Dragon is marginally Profitable
4/26/2005: Walter Watts appointed Dir of Engineering
5/4/2005 : Expect to producing 30,000 Barrels/mo by year end
6/7/2005 : Expect to be producing 1000-2000 B/Day within 12 months
6/22/2005: Expect to reach $1M/mo gross rev by 12/31/2005
9/20/2005: 2005 ann Gr Rev to be approx $5M
10/28/2005: Will lay 7 miles of pipeline in November
10/28/2005: Paid $3M to Petrol Ind for oil & gas properties
11/3/2005: Expect Ann Gr Rev to exceed $5M for 2005
12/6/2005: Hired Susan Hahn & Assoc for Press, Media & inv Relations
12/8/2005 : Black Dragon applying for NASDAQ stock listing.
12/16/2005: Expects reporting req’mnts for NASDAQ
12/16/2005: Expects to hire auditor and audited financials
12/23/2005: Increases # of BD wells to 1087
12/29/2005: 285 wells are producing Expect 30,000 Barrels.mo yr end
2/13/2006: Will sell rights to build pipeline to Petrol Industries
12/24/2006: Could produce 8,000 Barrels oil in Feb 2006
3/13/2006: 1200 wells, 413 producing
-expect 30,000 Barrels of Oil by year end
-now 22nd rated oil producer in LA (out of 589 companies)
3/15/2006: RedChip Visibility Report – $1.6M free cash 2006,
-$18M IN FREE CASH 2007,
-340 wells in production,
-expect 900 wells in production by 4th qtr (Oct-Dec)
3/19/2006: WEXCO reserve report
4/3/2006: EXPECTS AN AUDIT IN NEXT 90 DAYS
4/4/2006: REV GOAL of $14M for 2006 IS HIGHLY ACHIEAVABLE
4/27/2006: Expects revenues for Q2 to exceed $4M
- Expect rev goal for 2006 to exceed $14M
4/28/2006: ENGAGES AUDIT FIRM (M&B)
- Audit will be for years ending 2004 & 2005
5/31/2006: Gemini Expl will commence drilling for BD Caddo Lake
JUNE 2006 RedChip reiterates:
- Q2 Revenues to exceed $4M
- FY Revenue goal of $14M +
- COMBINED PRODUCTION EXCEEDS 18,000 Barrels/month
6/1/2006: BD to Acquire Gemini Exploration for $25M
6/1/2006: BD EXPECTS Q2 REVENUE OF $4M (APR-JUN)
6/2/2006: BD sued by OMDA Properties comprise less than 5% of current properties owned by BD
6/9/2006: WEXCO reserve report: 73M Barrels of recoverable oil
7/5/2006: RedChip Rept: EXPECTS B/E 2006, $13M FREE CASH 2007
7/31/2006: EXPECT 30,000 BARRELS of OIL and 20MMcf GAS BY YR END
7/31/2006: WORKING W/AUDITOR TO COMPLETE ITS WORK
AUGUST 2006 RedChip : EXPECT Q2 TO EXCEED $4M IN REVENUES
- SAFE BET THAT BD WILL EXCEED $14M IN ANNUAL REV FOR 2006
- COMBINED CURR PROD EXCEEDS 18,000 BARRELS/MO
- SHOULD BE ISSUING AN AUDIT REPORT IN A MONTH OR SO
8/2/2006: BD EXPECTS TO REACH 30,000 B/MO BY YR END
8/23/2006: FIRST 6 MO REV ARE $1.6M
- MAINTAINS TARGET OF 30,000 B/MO BY YR END
8/31/2006: ANNOUNCES SALE OF 10,000 BOE FOR AUGUST
9/5/2006: EXPECTS 13,000 BOE FOR SEPT 2006
- THE AUDIT WILL BE READY BY SEPT 15 2006
- PLANS TO SEEK AMEX LISTING
- IN DECEMBER BD SHOULD REACH 30,000 BOE/MO
9/27/2006: MGMT REMAINS CONFIDENT 30,000 BOE/MO
10/3/2006; BD PRODUCES 12,000 BOE FOR SEPT 2006
- REMAIN CONFIDENT ABOUT 30,000 B/MO BY YR END
11/3/2006: 1000 VIABLE WELLS – 450 PRODUCING
- 600 PRODUCING BY END OF 2006
- UNAUDITED FINANCIALS BY END OF NOV
Trust Lanza, he'll do you no wrong. None at all.
Lou - the last thing I ever think about is missing a bottom on any stock.
Remember when I was as positive as you about this company -
Remember how we all looked forward to each and every PR from Michael -
Remember how good we felt seeing the company experiencing growth in production and cash flow each and every month -
Remember how we cheered at the newest PR championing our respective portfolios -
Remember how we told our friends about this fantastic company with great growth potential -
Remember why we all felt so good about Black Dragon -
Remember......
Guess you just haven't the time to read some of my highly positive posts on BDGR - the company.
Who knows, maybe some day you'll have a chance to do just that. Until then I consider your comments as being ill advised and originating from someone who knows VERY little about this company.
You can ask Barry the same question I did - "What was the most monthly production BD had?"
His response to me was 5120 BOE - I believe he was referencing some documents when he responded.
That begs the question? What is the truth?
(also partly answers why I am so suspicious)
Nuff said. Have a Great Week!
Lou, Barry was gone on Mar 7th. That means it was not He who released the March production figures, but Lanza.
If I consider but a portion and percentage of Lanza's past utterances, how can I believe him now? Perhaps he is inflating the numbers again for his own purposes. How can I know?
Lou, are you forgetting the stated production figures from BD for the months of August and Sept?
According to their PR's they had PRODUCED 11,000 and 12,000 BOE respectively.
Those were not PROJECTED numbers - those were stated as done.
One PR stated they were ALREADY at a run rate of 18,000 BOE/MO.
The only number they estimated and kept reaffirming was the 30,000 BOE/mo by EOY 2006.
Barry confirmed that the company NEVER exceeded 5200 BOE/mo.
Hence, my intense distrust - even more intense with Lanza in full, unrestricted control of what gets released in PRs. I can't forget the many charges of issuing fraudulent stock PRs'
by Lanza over a twelve year span. Sorry.
Spunky,
You know that we all know how Lanza operates. You are preaching to the choir. But unless you are trying to take on the role of badrguy and repeat the same things we already know, what is the deal?
*** I keep getting these "Hot Stock" alerts promoting BD. IF anyone who receives these is NOT familiar with teh history of this cvompany, and ONLY uses these promotions to base their investment decisions on, I'd like toi spare them some pain. If they do add'l DD and still believe in BD, fine. Like, you, I was unsuspecting and acted based on extremely false info (As we all did).
You are out of this stock. Don't you want the rest of us to succeed? Don't you think any new investors have the same responsibility of due diligence?
*** As I mentioned, I'm still interested in the potential of BD - BUT until I see some "evidence" I'm not getting back in. With Lanza now ayt the helm, and after reading Barry's .....
Do you have any proof that Lanza is making these numbers up?
*** No. Neither do I have any confidence in anything that man says.
What if he is? What's the point either way? You are posting what amounts to a negative opinion not backed up by any more facts than any positive opinions.
*** A negative opinion based on real, hard, confirmed facts of prior criminal acts by Lanza - the very person now running the co.
True, the history is more on the side of what you state. But things are changing.
** I'd ask you - How do you know? What is believable?
None of us know how this is going to turn out. But I really don't see the point of you beating the dead horse. And I have to be honest here. Negativity is not in my best interests as a current share holder of BDGR.
*** Not negativity - Plain and simple "Show me - Prove to me - Make me a believer - Do so without quoting LANZA...ugh!
That's my full disclosure: I own shares of BDGR and I want the stock to go up. I really don't care why or how at this point.
***I'm not against you Spunky, I'm looking for a reason to beleive. Did you see barry's.....?
Ed, It reads well - but what makes it any different from ANYTHING Lanza stated in the 11,000, 12,000, 18,000, 30,000 BOE/Mo production in past PRs
(I remember those all too well)
Ouch! The pain is unbearable!
Lou,
$13M in assets? How did you arrive at this number?
No, I was clearly NOT referring to a lawsuit.
I WAS referring to the multitude of false, purposely deceptive lies in dozens of Press Releases issued by Lanza nad Michael.
I WAS referring to Lanza's criminal history and felony conviction.
I WAS referring to Lanza's life of committing repeated stock fraud offenses.
If you weren't aware of any of these events, you might want to investigate on your own.
Have fun.
"The whole board just resigned."
Hmmmm...My guess is that you don't who Joe Lanza is or who "resigned and why. VERY Far from good news - that.
You just might want to do some serious DD....
Lou, What news is good news?
Do you (or anyone) believe Lanza's PR's on the oil production?
Give Joe Lanza the benefit of the doubt?
R U serious?
Ed,
I'll believe it when I see it. Too many past lies by Lanza. Now he's the F******* CEO calling all the shots ! ?
He's liable to do anything - anything that benefits him and him alone. If the stockholders benefit - that's not his concern - never has been.
Any words from his mouth regarding a Nasdaq or Amex company looking at BD is akin to O.J. saying he didn't kill a few people. Lanza is Lanza.
If someone credible said it, that's a WHOLE different matter.
Spunky - Careful - This PR was from LANZA. Lanza is NOT capable of truth telling - that much we all know!
Keep in mind, if you were new to BDGR and knew NOTHING of the past lies and deceptions - and you read the following headlines:
BDGR Releases news - Five new wells each generating 100 Barrels of oil/Day!
BDGR Releases more news - New Management team in place (Yeah right - Lanza is Now CEO)
You might think of becoming an investor. Then again, if you knew the past, the reputation of the man who was now issuing the PRs, and his fradulent track record - would you warn any friends who might be considering BDGR as an investment to look further?
IF RedChip is owed money, and IF the electricity has been turned off for non-payment, and IF there is no credible audit - do these facts have any bearing on the matter at hand?
Has someone been duped into believing 100 BOE/Day per well will last and perhaps grow as more wells are drilled? Has that "information" clouded someone's vision?
Who in his right mind would believe anything Lanza says - including new management to take the company into a new direction?
Somewhere there has to be a spreadsheet of sorts that depicts each and every lease, each and every percentage "owned" by BDGR, each and every cost to operate these wells, each and every cost borne by BDGR, and ACTUAL production numbers from each and every well owned or partially owned by BDGR. Such a listing would be invaluable to anyone looking to invest in (or buy out, or merge).
Suddenly Lanza has gone from BDGR consultant to CEO and C of BOD in one fell swoop. Suddenly, Sleazy Rick Michael is gone, son of Joe (Mario) is gone, and who the heck knows who Lanza has replaced them with - maybe Tattoo Hank for one! Certainly any attempts by Barry to orchestrate a merger have been tanked by Lanza. I'd guess any attempts by Barry to improve the Company have also been similarly tanked by Lanza.
Why would Sleazy Rick, Son Mario, et al, suddenly be "fired" by Lanza? These are his cronies, not outsiders - all in it for the money. If something nice were about to happen to BDGR, why wouldn't these idiots stick around to share in the spoils?
I'm totally confused and bedazzled by the recent events. I am not swallowing one single word written by Joe Lanza, or believeing one iota of his informative PRs. Newcomers, no doubt, will - unaware of past lies and deceptions - and that may be in part causing some price movement.
That being said, what IS going on with this company?
Lanza Hires - Lanza Fires.
Lanza's lips move - He's lying.
Lanza issues a PR - .......
Spunky - I'd be willing to bet Lanza fired Barry..........
you can easily confirm by phoning BD and asking whoever answers....Care to wager?
Are you sure Lanza didn't fire him?
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StoneRidge Capital: UpTick.com Oil and Gas Sector Alert Major Movements Reported for BDGR, XOM, and CVX
Mar 19, 2007 (M2 PRESSWIRE via COMTEX) -- Investment bankers expect brisk deal activity in the energy sector in 2007, as high oil prices stir stiff competition for production reserves and as capital from private equity and hedge funds freely flows into the group.
Last year was a record year for the global utility and energy sector, as the value of deals soared more than 80 percent over 2005 to more than $357 billion.
It is projected that global oil demand will increase about 1.8% in 2007, from 1.1% in 2006 - with demand from China the largest single source. While there are a large number of non-OPEC (Organization of Petroleum Exporting Countries) projects slated to come on stream through 2007, as well as sizeable light sweet OPEC projects, It is estimated that worldwide demand for oil will exceed non-OPEC supply growth in 2007 by about 1.5 million barrels per day, once you factor in field declines and project delays.
Companies such as Austin, Texas based Black Dragon Resource Companies, Inc. (OTC: BDGR.PK) are focused on helping to meet the demand for oil.
Looks like Lanza has found a new unsuspecting promoter in UpTick.com
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You actually believed Rick Michael?
INCREDIBLE!
Snowcrow - pretend that for a moment, you have no moral compass or scruples - in other words, behave like Joe Lanza:
(1)Purchase a bunch of non-producing stripper oil wells from sellers eager to sell at reduced prices for obvious reasons.
(2)Announce to the world that you are in the oil exploration and production business.
(3)Issue and sell stock to greedy, unsuspecting investors who are looking to make a quick buck - there are plenty out there.
(4)Hire a RedChip (& others) to promote your company.
(5)Inflate your production numbers beyond belief.
(6)Let investor madness take its course
(7)Retire a multi-millionaire.
Any questions as to why anyone in their right mind would buy near-worthless leases?
Perhaps, as you were making your millions, you realized that money COULD be made in acquiring oil leases and you splurged for producing wells, or promising locations.
Perhaps, just perhaps, you may have taken the company to a whole new level - a level which just might generate a positive cash flow. Eh?
Now forget your name is Joe Lanza.