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OOAG released another PR overnight!
OMDA Oil and Gas, Inc. (PINKSHEETS: OOAG) would like to provide an update on the progress of its ongoing discussions for a potential joint venture with a biodiesel company.
For the past several months, OMDA's President and Chairman Adam Barnett along with the board of directors have been conducting extensive due diligence on the prospect of acquiring a sizeable interest in a fully operational and producing biodiesel company. OMDA's stake in the company would likely be significant, with an option to increase its position over time; including the option to take a controlling interest at OMDA's discretion. OMDA is weighing its options as to whether it will create a new subsidiary or use an existing one to complete this joint venture should they decide to proceed. If the final decision is made to go forward with this plan, the transaction will be completed entirely on a cash basis.
The biodiesel company owns a fully operational production facility located abroad. The facility utilizes state of the art technology to develop renewable energy with a specific focus on biodiesel fuels. Biodiesel fuels are emerging as a viable alternative to traditional fossil fuels and reduce the negative environmental impact of conventional energy sources.
"One of our objectives is to diversify our company and look for big growth opportunities with alternative forms of energy," stated OMDA President and Chairman Adam Barnett. "Clean and renewable forms of energy will play a major role in our industry and we hope to capitalize on that. Although we have not finalized our commitment just yet, this particular opportunity looks quite promising and we hope to arrive at a definitive conclusion very soon. We are also exploring some other joint venture opportunities and acquisitions, but right now biodiesel seems like it may be the best value for us at this time. We are in the final stages of our due diligence and expect to make our final decision in very short order. Once we do we will inform our shareholders immediately."
Mr. Barnett also commented on an unrelated topic and said the following, "I was hoping to announce another development this week that we expect will be monumental for OMDA. Unfortunately, our due diligence on this project was not completed in time as we are still waiting on some necessary information. I expect to be able to provide that announcement sometime next week."
Thank you for the aktivation notice! lets make more money!
sweet siggy you have
Good morning to all here at AGEL !!
I received your activation email alert ... awesome thanks!!
all those links are awesome
Good morning to all green traders!!
Seems like we are back on track
ATTENTION TO EVERYONE ON THIS BOARD :
A Russian, an American, and a Blonde were talking one day. The Russian said, 'We were the first in space!'
The American said, 'We were the first on the moon!'
The Blonde said, 'So what? We're going to be the first on the sun!' The Russian and the American looked at each other and shook their heads.
'You can't land on the sun, you idiot! You'll burn up!' said the Russian.
To which the Blonde replied, 'We're not stupid, you know. We're going at night!'
such a perfect joke ... I know a few girls like that
I'm gonna steal it and drop it over on another board
AMSZ has something brewing, plenty brewing!!
Every day is an adventure it seems
Wow ! Leprechaun in Mobile, Alabama ! hahahahaha!!
Benz! whats shaking?? you watching those videos!?
yeah, that site is pretty good for all that
Donkey Kong is pushing this stock ??? Awesome!!!
great day, is this the beginning????
Another funny link, some of the reactions are priceless
precious metal plays are the place to be!
thats a funny video, this guy wants to get buried in his coffin in that suit, wow
yeah no kidding, the entire Gulf eco system is gonna be destroyed forever!!
INBG had an amazing day!!!
Oh dont you worry, I'm on your mailing list, we make some good money together
Right back at ya!
no kidding, no support at all, well this is the best time to buy in right?? get on before the ship takes off
Dropped today substantially though
Yes sir, I agree, looking good to me though! less plastic would be good
VERY GOOD POINT CBRAD - LET ME ADD TO THAT :
Mining plays are for patient traders, not for people sitting on these boards day in and day out wondering "oh my God, when is the next PR coming out" or "we havent heard anything from the company in a week" or especially those shareholders that need to call the company or the IR firm every freakin day to ask stupid questions over and over and over again.
This is a mining play and the true investor should take the good with the bad and if you are truly here for the long term function and success of the company, then all the little dips and the ups and downs shouldnt matter, the PPS will eventually work itself out if and when the company truly hits some form of precious metal, or enters into a JV, etc etc
If you need to get a daily or weekly PR, then a small exploration company isn't for you, there are plenty of other stocks for the impatient or for traders that like a fast paced cycle.
This Penguin person needs some serious help
Thats exactly what I was wondering
very true, we havent seen much at all
IKTO didnt fare well for you, wow
this week hasnt been looking too good at all
obviosuly there is plenty more to come there!
thats good, I see that you enjoy Tanaka's pictures as much as I do
Unreal day in the books for INBG !!
bunch of idiots keep selling
no kidding, deja vu here
yeah, was reading a few things about this afternoon, you have any more DD on it?