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Well some people on this board seem to forget that they made a choice as well. And maybe they should choose to dump their shares if all they want to do is rehash the past.
And for those who don't own shares at all, I still would like to know what possible interest they would have here.
Those are valid considerations.
And in consideration of those points and some others, I have made my choice.
Nothing more, nothing less. How I came to the conclusion of riding this out is my responsibility which I freely accept and choose not to complain about. I speak for no one but myself. But I believe in my choice.
Honestly, ruger98, think about what you are saying. Let me put it another way;
I don't know about you, but in my professional life, I have had many professional relationships with people exclusively through email and phone conversations. My preference is to be able to look someone in the eye and be in their presence before I decide how I feel about them. But that is not always possible.
I have found that you can learn a lot about a person over the phone. Mix that with some independant confirmation of some of the facts you might get from said person, and you can get a pretty good idea if they are on the level or not. Is that a perfect system? Certainly not, but it is better than nothing.
I called CT myself and I checked on some of the information he passed on to me. I found it to be valid and consistant. And I know where he lives (which anyone can find out for themselves in public records). This person is real.
I don't believe he is a pumper nor does the stock pattern indicate that he is. But it doesn't even matter.
If CT said the only way for you get information he has is by wearing a dress and dancing on one leg on a pogo stick while playing a bugel, then it is up to you to decide if you will do it.
From my perspective, if you want to know what he knows, call him. Those are his terms. If you don't like what he has to say or disagree with him or think he is a bold faced liar, you have every right to come to your conclusions. But don't bash a guy if you are not going to call him. I don't think those are crazy terms. And how could you possibly know his reasons for his terms unless you talk to him? Again, you are free to agree or disagree with him even on those as well.
What would make any information more or less true if it were posted on this board, rather than giving someone a phone call?
I mean, down the line, written words could be used in court proceedings. That aside, does anyone here really think that Lou is making a killing pumping and dumping this stock?
Maybe it's the ol' "reverse, reverse, reverse, psychology" trick. Talk up a stock as it goes down and not sell your shares and BAM, you er, well that is- you lose a lot of money on paper.
Somehow I don't think Lou is currently flying Lanza to the Bahamas in his Cessna right now. But, that is just my opinion.
As was replied by millionaire, he pretty much summed up my position. I could top off my losses or let them ride for the chance at a recoup or possibly even a profit.
I used the term "we" because there are a group of like minded investors on this board that I have spoken with both publicly and privately that share this point of view.
To add to millionaire's point, from a tax perspective, I could get approximately 28% of my total losses if BDGR never came back or ceased to exist, back as a writeoff against a future capital gain. So why worry about the last 20% or so of my capitol now? Based on what a lot of people including badrguy have said, they are more than 80% down right now anyway.
Also, to address your "why is this a correct statement?";
This is a correct statement for me. You are free to disagree or have a different opinion. And it is a fair question (and one I have agonized over).
But there it is. And I stand behind it for reasons both public and private. I am sticking with my investment and I believe I will succeed with it. And if I do not, I don't expect anyone's pity or plan to blame it on anyone. And if need be, I will do what I have to to bring justice down on those responsible. But that bridge has yet to be crossed.
There is nothing for you to be ashamed of. You don't need to justify yourself to a guy who spends 24 hours a day reading this board to argue with people. He needs to spend more time with his "beautiful daughters".
I wonder if this situation improves with BDGR, if badrguy will be man enough to apologize for his constant whining and personal attacks that he accuses everyone else of making.
Fact is, we've waited this long, we are going to wait some more. We don't have anything to lose by waiting a bit more. I've made my choice to wait and so have you. Nothing much to say for now.
Due diligence was not done any more by badrguy than he accuses the rest of us as "not doing".
For whatever reason, Derekz is not kicking him off this board which is his prerogative. I much prefer a courteous board member like yourself, MD. And courtesy costs nothing regardless of your stance on BDGR. Don't waste your time trying to reach this guy, he has his eyes and ears closed and is shouting at the world. He is mentally and emotionally stuck in a self fulfilling prophecy. And who cares if he's right? Will that justify his selfish whining here? I have made my bed and I don't feel the need to cry about it everyday here. So have you.
I think "lend" is the key word in this post. You are probably out big time on paper at this point.
P.S. Has anyone seen their stones lately? Because, although I have written off BDGR as a large loss at worst, mine have retreated into my abdomen as of today.
No news. All we have is the effect of the past.
Any positive movement will take momentous news and a series of momentous press releases that can be verified. We have had nothing but empty promises up to this point.
I wouldn't be surprised if it went down to 5 cents at this point. It's a classic miscalculation on Barry's part. I believe he is doing what he can, but saving it all up and doling out news later is not the way to handle this situation. We need transparency, even for the ugliness that is being dealt with.
Same with the lawsuit. Some kind of statement would have been nice. It doesn't matter what you or I think. We already bought our shares. It matters if new money is going to come in. For that, we need to get rid of these clouds of doubt and guessing.
Did you see that sky today? Talk about blue...
"personal attacks reflect poorly on you, not me. they reveal impotence and incompetence."
Those are your words. Why don't you practice what you preach.
You want to talk about cowardice? Why haven't you called Lou yet?
You monitor this board constantly just to argue. If you wanted any real information, you would be digging it up and sharing it, or requesting it.
If you are tired of Lou's (CT's) opinion here, then stop debating him. What are you so afraid of? Do you think that if people read CT's opinion they are totally misinformed and gullible? Let's say for the sake of argument that this is the case: WHO IS RESPONSIBLE FOR THAT? Is it Lou? Or is it the duty of anyone who is thinking of buying into BDGR to do research on their own and weigh all that is out there, including investors opinions.
If you were so altruistic then you would have called Lou to do due diligence on him, instead of monitoring this board all the time just to argue with him. This wastes valuable posts by burying them in your drivel.
CT has been upfront about his investment in BDGR. He has a lot at stake. He has made no secret of that. He shares information as he gets it. How can anyone be upset with a guy who is generous. And his opinions are just that, OPINIONS. Opinions by definition are points of view. You have yours and he has his, and I have mine.
But, as I've stated before, I am interested in protecting my investment in BDGR. The past is the past and we are now in the present. We have a responsibility to ourselves to make the best of the situation and presumably help each other. And your angry argumentative posts are not helping anyone.
Create your own board. Show us how it's done. I'll check in and read it to see if you have any facts.
It's funny you talk about the triple bottom, macdrsirules, which should remind us all that stock price is based on perception as much as facts and lawsuits. Some people trade on patterns without even considering the company. You can sometimes win on a pattern. Isn't that crazy!
I got pretty disgusted on Friday with BDGR. But I have to say, I think something is about to change. I don't have facts to back this up, but my antenna is picking up something on the wind. I feel so strongly about this, that I am saying it here. Something is about to break. As Ren said to Stimpy about a certain red button once: "Could be something bad. Could be something good."
I think CT is right to be optimistic and I think this lawsuit has been overblown. Not disputing the potential liability of BDGR, but that is a ways off and we really don't know how this is going to shake out. Courts are roller coasters at best. Any lawyer will tell you that you can never guarantee an outcome no matter how right or wrong you are.
I honestly think the OMOG people are grasping at straws because as an oil and gas company, they should be generating revenue of their own as opposed to expecting a big payout. It seems it's like saying that you are owed a bunch of money by a crazy uncle that you need desperately to pay your rent, but you have to deal with the crazy uncle on his terms to get the money he owes you. Not likely.
And the court proceedings are an attempt to corral this crazy uncle. It may work, but why are you so dependant on this in the first place?
I guess Barry is a lousy PR guy, but I think he is working on what he is supposedly good at. He can't be good at everything. He's a number cruncher and a deal maker.
I think snowcrow had a great idea. Maybe we should all consider taking some time off from fretting about BDGR. It's out of our hands for the moment. We have invested our money. We know the pitfalls. What else is there to do besides wait a little bit longer? Here's to hope. It may not solve our problems with BDGR, but it will make us more comfortable as we go through this tunnel, and in that way, we regain quality of life.
Big blocks of sells today. Somebody is dumping at whatever they can get. I am just about at my wits end with BDGR.
No PR whatsoever.
No refutation, confirmation or capitulation about this 'effing lawsuit.
Promises from Barry not materializing in a timely way. Where is the AUDIT??????????? I just keep seeing that ridiculous video that that small cap engine company made starring their ex-tool and dye guy that became a stock analyst (?!) and the little women sorting through file cabinets of messy, crumpled paper.
Known criminals that have a lynch mob after them even from other companies.
Let's say that Barry gets us an audit. What will that matter when the stock is .05??? It will triple and go up to .15???
Maybe I will dump my shares too. This has gone on way too long.
I remember the same thing. But that was long ago. And we all agree that it was issued by people who have been known to exaggerate just a little bit.
I completely agree with you snowcrow. Regardless of the Barry factor, this is a huge oversight by the company's PR with the investors. We really should know how this will affect or not affect us.
BDGR could say how many wells are in dispute or what amount of legal fees we are talking about or whether they will or can appeal such a decision.
Based on the OMOG side of things which I really don't know that much about, the market movers over there were apparently not impressed with this decision, just hopeful.
He certainly is an attention whore.
Solutions for badrguy:
1. Go away and make your own bulletin board where you can cry cry cry as much as you want and attract like minded people.
2. Take responsibility for your own investment choices and stop hiding behind the premise that you are trying to warn off other investors.
3. Post facts that you find during your due diligence and not complaints or whining.
CT, and anyone else who is sick of this guy, just ignore him. All he really wants is attention. And as they say: "misery loves company." He is not helping any of us with his complaining and has not offered any new information that we don't already know.
Now I get. It's called whining and whining.
I was going through the posts from you bdgr to find a quote I thought I attributed to you. Turns out either I couldn't find it or someone else said it.
Anyway, someone here said that "Barry serves at the pleasure of the Lanza." I actually laughed out loud and am still laughing. It could very well prove to be true. But somehow, you gotta laugh at this point.
Which brings me to my point. We are all in this good or bad. And all your posts are demands and challenges against the news that people bring. You go way beyond questioning and asking for confirmation right into a tirade on a regular basis.
What do you want from the rest of us here? Now are you and Trooper going to make out with your haughty, "I told you so attitudes?"
What great information do you have that makes you so sure that this is all going to fall apart? Honestly, please let us all know?
Anyone here who is not willing to take responsibility for their investment decisions should not be here, be they a with an IQ of 150 or 15. You are a person with an anger issue. I can understand where it is coming from but you need to secure it.
And that is what I am saying as a bb member here. If you disagree with people who have positive news or feelings, that is your right. But no one needs your attitude to go along with it.
Hey, maybe this board has served its purpose and it's time to move on. That will be my decision to make.
Well, one thing is for sure. You can hear the tumbleweeds blowing on the OMDA (OMOG) board today. They are actually lower than when the judgment came out. So all that fancy posting about these legal proceedings don't seem to impress their own insiders.
badrguy and other negs: I said it before and I'll say it again. No one here has a problem with information you post (at least not me). But beating the dead horse of the Lanza and jumping to the conclusion that Barry is dirty has just not panned out so far. Find some actual dirt on Barry? Post it here.
Maybe that will be the case. Maybe it won't. But many people here have been looking for dirty play as well. We are all on high alert for such behavior. Complaining does not help the situation. Stick to the facts. Practice what you preach and post facts, not editorials. I for one, welcome information in the form of facts, regardless of whether it is positive or negative.
This board is a good one and I am willing to protect it from going way off topic and preserving the flow of information. Let's all keep it that way.
What is your cost basis and when did you purchase your shares in BDGR badrguy?
Yes, BDGR alive and well (relatively speaking). Definitely a yahoo issue. Coming up through the broker sites.
Current: .25
Bid .24
Ask .255
Volume: 56,888
Time: 11:05am EST
Anyone who knows more about stock movements care to explain the high volume yet crappy performance of the stock today? Are people actually "profit taking" off of 20 cents to 25???
We do seem to be stabilizing though. Funny how no one puts any stock in the field reports. Maybe ultimately that is a good thing. We will have to see how many barrels they will pump out of these new wells.
And, of course, the all important absent audit lingers. I guess the coming weeks will tell.
I think the Primus PR machine sucks beyond reason. There simply is none. Also, no one really knows where these guys are at since they are running operations in Australia and Canada mostly.
Would be good to get a handle on the state of things without having to guess.
But at least I can say that the building is still in Falls Church, VA and all the neon was lit. So at least they have enough money to replace the bulbs on a regular basis.
I am hoping for a $1 or better. I think they can swing that. But too many people owned this stock in the past when it was $13. It just kept going down and down so it has to fight the trend. Too low to short and no news to stimulate interest.
Trooper,
"Ans: Like I said, I want to short it. But I originally became aware of BDGR through a colleague. I found myself originally entertained by the naivete. And then astonished by how those expressing rational thought were invariably attacked by the "dreamers". Truly facinating."
I'm really glad that you are being a "good citizen" and repeatedly scolding everyone who wants this company to turn around. Apparently, we were all unaware of the problems related to the BDGR directors.
Just like BDGR, you want to punish anyone here and label them as a "dreamer" and being naive with your blanket statements and then claim that you are not pounding on people here.
What is truly fascinating is that you keep coming back to bash the people here who want the stock to succeed. And frankly, I am tired of it.
Now you are accusing CT of ulterior motives. I can tell you right now that he is and does just as he says. People here are not quite as naive as you would like to think.
I have posted in the past about my dismay that BDGR is either a scam or a horribly run company. And as the facts have been rolling in, it is apparently that both of those elements have a hand in the company.
But, as an investor, I do what I can for the benefit of my investment and take responsibility for past poor judgment. If I had known before what I know now about BDGR, I would not have gotten involved in it. But, now here I am along with others like CT. We are taking steps as investors to protect our interests.
We get it. You don't like BDGR. And, apparently, you want some recognition for your superior intellect. Thanks for letting us know there are problems with BDGR. Got it.
Please have respect for CT and give him a call if you have a problem with him. He gave out his phone number.
badrguy and fishingfund,
You both have brought a lot of facts to this board. And I think a healthy skepticism is welcome to balance out any skimming over of the less endearing facts that we have on the table.
But I have to say, as (badrguy) you accuse dragon man of droning on about giving Barry a chance, you are repeating your disgruntlement over and over again.
If you both disagree with the positivity that is building around the shareholders, please feel free to state any additional reasons why you feel it necessary to do so. We have your contibuted facts up to this point and welcome any more new ones that you have.
If you both feel betrayed by BDGR, join the club. Any positivity I have is mainly due to the ability to get information from a variety of sources including you both. But there seems to be a morale issue that you both need to dispense here.
If you are disgusted by the previous behavior of the company, you are in good company. If you have lost your faith in this company, then I would imagine that you both should sell your shares and lick your wounds (if you have not already done so). But we all have to move on from that and make our decisions about what we are going to do about it and whether we believe this company can bring shareholder value.
Again, I want to stress that your posted facts have been helpful. Let's try to keep it in that arena for everyone's sake.
So CT, what were your thoughts on "Lunch With Barry"?
So far, we have one fellow who dumped his shares but thinks positive in the long term and and one who got a good warm and fuzzy feeling.
As far as people who have talked to Barry, everyone says the same thing:
He apparently comes across as a straight shooter. And the fact that he is a "fixer" type of person, makes a lot of sense to me. I do much of the same in a totally different arena. People like that are usually driven and usually pretty honest. They take pride in correcting something that has gone off the rails.
Did he seem content or agitated? Did he seem confident or haunted? How do you feel now that you have met the man?
There was some good volume today. Looks like some people made peace with getting out and some made peace with getting in. Right now, it could go either way. Did he say anything about imminent events of any sort (as in are we to expect some news soon)?
Thank you for the suggestion marsnvest.
As it stands, I have already spoken to CT and I encourage anyone who has not done so to contact him and let him know your share count.
I was putting out the call to everyone else here to galvanize any resources you have to see if we can dig up any information that may give us a better picture of actual output. I don't live in that area myself.
Also, does anyone have any new or existing information on Red Chip? They are certainly on the hook from my perspective as I used their reports and relied upon their reputation to make my decision to buy this stock. Has anyone spoken to them recently?
I wonder if we can reverse engineer some numbers for ourselves. Does anyone know who Black Dragon sells its oil to? I would imagine distributors.
I remember some people on this board talking about having people on the ground in the area. Is there any way or anyone out there who might have some contacts with any distributors?
It is obvious to me that, regardless of anyone at BD's honesty or dishonesty, we are getting no information. And all we have is a history of Lanza fraud to go on. Reputation of BD to the investing world =
complete crap.
I agree with CT and others that we have nothing to gain for now by attacking the company. But, I think we need to take this to the next level.
I wonder if we have enough shares between us to demand a shareholder's meeting to extract information.
I wonder if we can get some numbers on barrels sold from BD to distributors.
Are these things possible? I don't think sitting around and hoping is going to help us nor is complaining. Any ideas?
I think you may very well be right, badrguy. When I posted about my thoughts (#2202), I had concluded that there was a huge discrepancy in the amount of correct vs. inflated figures being dished out. And that discrepancy was caused by fraud or incompetence, in my opinion.
The kind replies I got on this board told me to not give up hope. But I think we are all in agreement that something has gone horribly wrong here. But, no matter what any of our takes on the situation, I just cannot excuse the sheer magnitude of the discrepancies here.
Know this any Black Dragon employees/officers etc… I have less to lose on the way down than I have to gain on the way up. But I will attempt to recoup my investment. I played fair and invested by the rules. And I have nothing to lose by launching a legal investigation or suit to recoup what I can.
I think at this point, it is more a question to a law firm whether they think there is anything to recoup in the first place. I think a case could be made that there was gross negligence of the company officers and board members.
In my opinion, I don’t care what Lanza or anyone said to RM about numbers, if RM is dirty, if Barry is clean, or if the Earth starts to revolve backwards tomorrow. The responsibility of a company to report accurate figures rests with the officers of the company. I hope the rest of you contact Lou (cameraturret) to pool your voting shares. I would suggest we get organized and start to take this company in the direction that it needs to go, or take what we can from it if it cannot be saved.
I will look into legal council and would appreciate any posts related to this. But if Black Dragon employees actually do come here to read I would say:
“You need to come clean and communicate on an almost daily basis with us! Too much bad will has been generated for this stock to ever rise short of the second coming. Too much funny business to attract large investors much less a listing on the AMEX. It’s time to do the right thing. And we, as investors, will do what we have to do accordingly.”
The responsibility of taking a risk on a company is on the investor. But misleading information from a company is another animal entirely. Both have consequences.
Hello all,
I have been reading this board for months. Some of you have been very diligent in bringing information to light. Some have ranted about one thing or another. But I have to say, that it is a very civil board with much information.
At this point with BDGR, myself being a heavily invested in its future based on what I had read and been told, I have to say that either this company is a scam on the brink of collapse, or run by the most incompetent people I have ever seen.
Either way, I think we have nothing positive to look forward to with this company. Missing promised audit targets and overstating goals to the degree that has been done, has absolutely killed the credibility of this company. Look at the list of press releases at the top of this board. Have ANY of them come to pass or been verified?
I have nothing to gain by a further drop in price. If anyone has a ray of hope, please come forth. And for those who say that bashers are trying to pick up shares cheap: ....WHAT?! How can a company that has been promising audited financials in one form or another for over a year be benefiting its share holders in any way.
As I see it, we are waiting for something (audited financials) that has not materialized for many months. Every day that goes by, we lose money because there is absolutely nothing to prop up the price. No news. No financials. No time tables. Just more nebulousness.
I would really be interested to know how anyone can spin this situation any other way at this point. Even that small cap engine video looked totally fake.
And I know there are others out there that are in the same boat as me. Is there anything we can do about it at this point?