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Building towards the big news release next week!
... Figured I would say it cause noone else has for awhile. That and - "to da moon".
Now how is that for stoopit..?
Heck I gota veratim 16 gb that is not bigger than my finger nail.
Memory is the cheapist thing out there,,,,,except!?!?!
Thanks for the response Fat. I am sur he has used this excuse.
If it ever comes to that- easy to check when he hands computer over to gov experts who can check hidden logs etc.
Still wondering about wehter he really was hacked, or at least the web site. That last change lsiting allthe things that did not happen or were not,, seems not lieka company message. So hacked - or he wanted the PPS to dive to pickup up some cheaps and dump again.
Do you thuink someone hacked his computer and put that misterious update up on the web site? It seemed to be written by a pissed off shareholder, more than "management".
I thought the only possibility was Barnett did it himself to dive bomb the PPS, but a pissed off shoreholder hacking his website would also make sence. ... and also why site is down until clean.
<<With all the computer crashes that Barnett has had
or people hacking into his computer...>>
The bag holder has a bag of air.
Another stent company that was supposed "dead", working behind scenes. now being bought by Chinese. MIVI. Might be the reason for today's raise in PPS.
Article in general on subject.
http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/01/13/prweb8061525.DTL&type=printable
Do they still retain ownership of all their stents?
Up 100% this week and noone noticed. Go Figure.
Ok, we get it,, Barnett lies. Bring us something new.
Chinny, Just a word of advise. If yo are new enough to investing that you do not already know about the Reverse Split,,, then I suggest as a friend, you should not be investing in pinks, and especailly not in something like ooag.
Sure the "30 - 40% gains in only weeks" is attractive. But the truth is most (90%)that invest in pinks lose (90%).
Stick to the majors SLB. MDR, RIG. MRO , check out some other smaller ones that may pop big like IVAN. But stay away from pinks.
At the most they should only be 5% of your investment dollars.
Reverse split. Example you have 10 shares worth .20 cents each. Company does a 10 - 1 R/S meaning your 10 shares is now 1 shares, but it is worth $2 ( 10 times more thatn before.)
Problem is penny stocks with no profit will pump a new business prospect and then do an R/S saying that they need to have the PPS at a real level that reflects the comanies current position and thus be able to attract real investors. Sometimes it is used to get a company over $5 which means mutual funds can then invest in.
Problem with pennys is they do a 10,000 to 1 take a .0001 stock to $1,, and because there is no real income or the deal falls through,, the prices quikly drops back to .0001. Meaning your 1 million shares is now 100 shares,,, and still worth only .0001,, or 1 penny.
I assume written by Barnett. His writing has never been ivy league. I have never assumed his main goal was to help investors.
If company got a huge amount of assets and PPS went up a bunch,,, well, he would let this happen for his benifit, not the shareholders. They have simply hitched a ride on his roller coaster.
thanks for the info.
Miles - What's you history. Have you been here a long time - Caught in R/S back when? (as I was)?
Or were you a private investor brought in?
How much you still have on the table?
My history is out there. Bought some years ago - was mostly in energy on a many level basis. Things like RIG Bp Xom, to compnaies like MRO, hve some Canadian trust PGH PWE - IVan as a risk play and bought into a few pinks.
OMDA was one. Got caught in R/S. Held the shares for years looking in maybe 4 times a year. Then got a feeling and bought some more at the .0003 zone right before the news of settlement came out. Started selling at 65-66 on down. So I was lucky and made back what was risked+.
Looks like on again.
As far as I know from what was posted here and elsewhere: He was hired to find the assets invovled in the case. After getting into it, he found Lanza had through the years with himself and his relatives bought and sold pieces of leases, some buying parts and selling others to each other and back again until it is like a nest of yarn.
A owns 30% of B which owns 30% of C which owns 30% of A, which I sold to D iin consideration of E with my son, who sold to my wife and key party in B, etc.etc.
Nathan relizing maybe over his head handling it alone hired a firm that was more qualified or specialized. Barrnett then figured why did he have to pay Nathan if he was not doing the work. Nathan deal getting a percentage of what he found, sued. That is the basis of the suit. IMHO
Yes, but is was not the naysayers here who took it down with 10 daily post on how misserable a creature AEb is.
It was AEB who took it down by posting the list on his own web page. Let's not forget that.
I never assumed he was ever doing anything “for the shareholder.” No more than any pinkie ceo with hidden assets.
But, yes this was purposeful. I've never seen a company put such a thing on their website.
Companies have a choice to of when and how to share any updates. Or even, not to say anything. To just out of the blue put up a laundry list of actual complaints from share holders as the company's update???
Question is,, how low does he want to take it?
The card - a great one. lmao!
I'm with you there Fat. Does not make sence him posting funinthesun's list.
<<I wouldn't be a bit surprised if that admission was published on the website to intentionally tank the stock so he could load up again for another pump. Call me paranoid.
fAt>>
Again, why would he put this on his own site?
<<from the omda website
New Updates:
1.) The company Audit did not get completed and has been stopped until further notice.
2.) Prior OMDA GC and attorney Marty Nathan has taken OMDA Oil to Arbitration over a fee dispute from 2005.
3.) OMDA currently is not pursuing any joint ventures or acquisitions at this time.
4.) With OMDA's inability to raise money at this time or issue any shares whatsoever w/o a majority stockholder vote, operations are limited to defending the Marty Nathan Arbitration matter.
5.) The new CEO hire didn't come to fruition. If and when any O&D changes are made stockholders will be updated>>
Anybody asking? Now why would AEB post this list on the company web site?
It is as if fat - ben or miles wrote it. As if designed to slam his own stock ans PPS. Picking up cheap shares before some "real" news? SEC suggested it to ward off investigation?
Ben - If I missed something - what was it?
<<Yes you did. >>
Did I miss something?
Did something happen today that caused all these " the end is here" posts?
Not beign a smart ass- really wondering.
I bought some at bootm - he ran it up - and I sold near top and then all the way down. Lucuk -- but positive.
<<Let's start a positive list.
1.)
your turn...
fAt>>
I'm kinda with you there. i like to warn too, but it has become 4 guys echo cahmering to each other everyday.
<<There's a good chance of that with you and all of your buddies trying your best to be as negative about this stock as you can. From the moderator on down to you guys it's like we lost our butt on this stock now let's see if we can help make everyone lose. Oh get ready everyone for some more sad stories about OOAG.>>
I believe tengasco is lanza.. fat knows for sure, but lanza's compnay was working a good number of the sites.
what makes you think he gave up his preferred shares?
Oil can't keep climbing as she has. expect to see alittle pullback. Buying opertunity then.
My guess is they will tell you to not throw good money after bad.
Want to make $ out of need for coal find a real company. KOAL, BTU etc. Check KOAL for last 3 months. Heck,, just buy a basket with KOL?!!!
<<will try at .0002 maybe if i can get some money from my financial advisers - fric and frac -->>
Rinse and repeat.
<<I think we said the same thing about 2010.
- fat>>
How do you know there is one?
<<must of done something to spark an inquiry from the sec.>>
Fill me in . Freinds inside DOJ or friends of AEB telling you?
Otherwise how would you find out anything like this?
<<DOJ in Neveda is checking out OOAG/Barnett very agressively.
SEC is asking questions about OOAG/Barnett again. Law-enforcement/ Maimi is asking questions concerning OOAG/Barnett.>>
HOW DO YOU KNW THIS? oops sorry caps
Difficult to do DD on because IMO there is no real company. Nothing going on. Made something like $3,000 in 5 years from a few suckers who bought a multi-level marketing progam,, with a monthly sub. Employees used to post here htat they had all quit from not being paid and suing Morales. DD impossssssible on air!
<<I would like the 1's but this company isnt very easy to gain CURRENT DD on>>
Windbag - I have not looked in for awhile - good to see you do the same. As most of us know - htere is no news, there is no delay, there is no 10 million infusion, there is no activity in the company that anyone can observe, there is no product that is attractive to today's marketplace. They keep thinking they can sell more stock and do another R/S based on re- tinkering 4 year old software that no one wanted?!!?!?!?! Real aps are happening every week. Before youtube. hulu, netflix on demand etc.etc. these guys seemed to have a shot, but they delviered on nothing.
I wonder if they will ever deliver the figures on how many people bought into the multilevel marketing program thay had 2-3 years ago. How many signed up, how many still left paying thier monthly subscription to market the booomerang. The weekely conference calls from back then are a hoot. As I said back then-- they sould like a "sell water filters and become a millionaire, many are!" pitch.
<<What is the source of your news of the delay? Why is there a delay? Who said there is a delay? Has EWRC acknowledged any information about a $10 million dollar infusion? Has EWRC acknowledged a delay? >>
I'm lost on point 2.
An R/S would screw that all up! And a company with no income for years is due to R/S.
<<You could buy shares here, wait for this to move from .0001 to .0002 , sell have you shares at that point and be playing with all their money, Win-Win! >>
I don't think I said anywhere that I believed anything that was said. Just that nothing of the things he said he wanted to do, or to happen were going to take place before he had any assets from the settlement,(if there is one).
People kept talking about the audit and CEO not happening. IF the whole thing were on the up and up, those 2 things would not happen until the assets had been recieved. Who knows if the assets are even worth anything? Nobody knows what they are. Only people who would know here, are those who were investors at one point,, fat - and a few others. My guess is that at one point they were worth something many moons ago when they were investors. Now, who knows?
For me, I don't belive any pink unless the actually prove it to me with actual products in the marketplace, third party reprots on assets by reliable shorces,,, track record - standing etc.
<<The problem with your thesis is that you are basing all of those points on the assumption that all those things he said were true>>