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Date of Record 10-31-07 225+ million, 230 was a little high. 56 million issued to to JL on that date. 30 million issued to other individuals. This is how one tries to influence a meeting.
Think about this, if the joint funding venture offered $100 million for all od BDGR's stock (230 million) that would be .43$/share. I'd be interested in that offer. What is jl's record of reliability on PR's. Why don't we call BDGR counsel on this for verification.
dragon, yes it has been frustrating to this point.
Kenco, obviously you have not done too much researching on this issue. If you had you would have not answered as you did. Research the court case in which Judge Kennedy presided over involving Joe Lanza and the SEC. By the way, you have already been out of context with my statements, so try to be a little more careful. And if you have trouble locating the case, let me know, I can get it for you.
Carlsonmanu, My post was not in reference to who believes who is the board. And as far as that goes, would you like to talk to my lawyer. You see, a debate to be settled in court. Do you think JL likes courts?
To all:
First of all I was trying to avoid making any comments about BDGR and the posts listed here (accurate as well as dubious posts) at this critical juncture for the company but I believe there needs to be a few facts and thoughts for all to digest.
The "shareholder" meeting. I've put that in quotations because this original "stealth" meeting could only leave shareholders holding the bag. I believe "counsel" for the company would have allowed the original meeting to occur if it had not been "brought" to the forefront that "all" shareholders might have a slight legal excuse for being made aware that their votes count. I know these are minor details, but let me digress into more "petty" afterthoughts.
Is the "new" shareholder( I prefer bagholder) meeting up to the legal snuff. I suggest "all" refer to Delaware Corporate Law and educate yourself. I look forward to the banter on this topic.
Date of Record- 10-31-07
I saw a few posts from different people stating that you should do DD and make an informed decision on which side of the deceptive ballot one should rest their trust in the future of the company. I saw some posts refering to calling and talking to Joe to get his take on all of this. I encourage all of you to do this on Jan. 7th. When you talk to Joe and get the "truth" (notice the quotations) about BDGR ask Joe to give the shareholder list to you. What will his answer be? I do not know but you might refer to Delaware Law to see what the answer should be. Then, you might ask why there are over 230 million shares outstanding and then you might ask to see who are the shareholders and then you might ask how some of those shareholders acquired those shares. And then you might ask Joe if Henry Kennedy would have any trouble with Joe issuing any of those shares.
This is how Joe increases YOUR equity in BDGR.
The other three "phantom" directors. They are shareholders who want to see their investment and YOURS in BDGR increase in value. And they have spent their time and their money for it.
Hard choice, yeah, only if you can be conned.
Has anyone heard about the shareholders meeting that was conducted without all the shareholders represented?
Soso, I know at this point in time it is difficult to preach patience, but all has to be done with the right and legal procedure, not with total disregard as some others have done. I believe the statement made in your second sentence will happen.
Who do you think was responsible for the "postponement" of the meeting so that all shareholders might vote?
I would agree with you "if" JL has not committed a crime. That is the point you are missing.
That statement made was that I could find supporting evidence to justify the statement that Spunky made. Let me ask you a question, do you believe that BDGR has gone from 25M to over 100M shares? And who do you believe is responsible for that? Connect the dots and you have an answer. Spunky made a statement based on what he has learned from the education of BDGR. Of course, all suspects are presumed innocent until presented to a court of law. Libel can only occur with an untrue statement. Spunky's statement does make the assumption that he will be right. See Henry Kennedy and you will know.
Kenco, if someone wants to file a civil suit based on those statements, I think I can find the evidence and facts to clear him. Oh, Henry Kennedy.
LO, For the obvious reasons not too much can be said at this point, but your points are well taken. Thanks
LO, when one gets away with so much for so many years, it makes one seem impervious to any consequences. If it isn't the simple addition of the barrels of oil, it could be-
The financial statements
The "stated" revenues
The voodoo economics
The past business associates
The present business associates
The sunrise
Sloppy. When someone commits a crime, who is their worst enemy? The first one they tell.
Henry Kennedy-District Court-District of Columbia-
Call JL and ask him, he probably does not want to remember, especially at this time.
Tbird, although I find it quite disturbing at times because your flip-flops at times resemble John Kerry, I will answer your qusetions as much as the legal restrictions permit and knowing full well the enemy is observing.
1) Legitimate shares- Are known but are subject to the laws of Delaware and of course we have Lanza world. Legally- no more specifics.
2) In "their" hands-- well you have to identify "their" by assuming who is friendly and who is not. Reverse process, you know what is not in their hands.
3) Voting rights of"special"(church chat lady) shares. Again, a legal question but if you do your DD of that, you know the legal precedent with OMDA and the protocol for issuing so-called shares.
I know only enough to make JL sleep very little.
Tbird, they do not own 51% of legitimate shares, but I do agree that JL does hasa propensity to create.
Henry Kennedy
What kind of shareholder meeting do you have when not all the shareholders are sent proxies to vote?
A JL shareholder meeting.
Printmail, no audit. If you look at the financial statements that were released for 2005 and 2006 and you try to connect the dots, you will quickly realize why there is no audit. You would need to be a pretty good cook for this task.
Then look at outstanding shares 2005 & 2006- 25M vs. 68M- a creation of 43M over the year. Then look at the explanation which identifies about 27M as significant, some of that very questionable with the famous convertible note. Who owns the note and is it in its original wording? Maybe it has been through the laundry a few times.
Then take the remainder of "insignificant" equity transactions which total only about 16M shares and if you take about the lowest share price of the year of .20 you still come out with $3 million plus in proceeds if and only if you issued stock at the worst possible time.
Now lets refer to JL prophetic swan song on the board, shareholder equity.
2005-Shareholder Equity- 6,661,520----.266 $/share
2006-Shareholder Equity- 10,433,720----.153 $/share
JL, these are your financial statements, your own words, your own voodoo economics.
The oxygen tank is running out of air,,,,, and time.
Tick,tick,tick.
Dragon, you are worth wasting my time on this board, I just wish I could understand you.
Local, thanks for the response, I originally asked about the stash. I was thinking more on the lines of a mega tank that would be visible by the naked eye from MARS. I think the salt mine is a definite secondary site, gotta help the SPR.
Serious question, although it may not sound that way. Is it possible to remove oil from tanks and sell it on a "black" market? Not that I think any such devious thoughts would cross anyones mind. As always, thanks for your insight.
downapenny
Lou- are you going to screw the people that wanted to see you on the board?
I believe you are right in saying that Lou is not going to post, so I will reply. No
Vetguy-your quote
"They are going to slap all the assets into another public company and leave us empty handed."
You are correct but you have the wrong they. They are JL and the gang. Indian Wells, Maesra, Omda, and now Black Dragon. Where is JL trying to move the assets next? Anyone can look at the history and the MO. Trouble is that this time JL is being "recorded". Hi Jayne, you should know what JL is doing. Who will be the first rat to crumble? Oops, he already has.
LO, thanks. Have you been contemplating any XLF puts again?
LGL, I just noticed messages from you in my mailbox. Sorry I do not have the ability to respond privately.
Tbird, my unofficial legal opinion is to refer to the rules and laws of Delaware Corporations. Consent was filed with the agent and Secretary of State in Delaware. My understanding is that the only way to change this procedure is to go to court and invalidate the action taken. Or you could have another consent by shareholders to invalidate the prior, but JL has trouble with either of these because Delaware chauncery and or Henry Kennedy would invalidate (to say the least) JL. This may not satisfy your question but it is the way it has been legally interpreted that Delaware corporate law works.
Local Oil, I'm a chemist and although I do not know specifics about oil drilling, the thought and theory is interesting.
Qusetion, Are the chemicals used in the ground designed to increase separtion or in my area of chemistry "precipitation" or as you described are they surface modifiers designed to decrease surface tension of both the water and oil to make flow greater or both?
How do you determine the depth of the equipment to get just the desired oil removal?
What time factor is involved with the separation of oil and water underneath the surface and are the chemicals used helping the process(as above) and does the increased desired flow hinder separation due to a mixing effect?
If any of the questions are off base, my apologies for lack of Knowledge in the industry.
Thanks, makes me want to buy an oil well, @#$%, I did and I hope it becomes available for your theory and methods.
US District Court-District of Columbia
Vetguy, you are right, but I also assume that you are addressing both sides. I believe the new board has already said it if you read Lou's last post. As I have stated previously, if Lou says he is going to do something, it's done.
Local Oil, Can you offer any insight on this oil transfer dispute? Thanks
Henry Kennedy.
Caddo, do you have any verification of a 10,000+ barrel holding tank sitting on any of BDGR's leases? Maybe we've rented a salt mine.
Vetguy, your scanner is awful slow. Have your PI check out Henry Kennedy.
Superman, JL never put a penny of money into this company when he started this, he used other people's. If he had the IRS would have taken it. And since it has started, he has stolen many millions, check the records and check the "laundry".
superman, please share the hallucinogens. I am sure that Henry Kennedy will dispute your thoughts about Joe and Jane.
Local, wouldn't the worker's comp. responsibility fall under the operator?
Soso, you are very accurate with your statement, except that it was a consent in accordance with Delaware law unlike JL's dealings. There is a process in place, some of it legal, much of it confidential for security reasons and this is frustrating to many shareholders along with what seems to be an endless time frame. As far as the info on the three new directors, I'll refer to an older statement I made, they are not like JL and that works for me. Although, because I've known him for 20+ years, I will verify that Lou has the utmost integrity and determination compared to the vast majority of the human race. JL has never encountered an individual like this before which has allowed JL to survive to this point. This is about to change and that is good for all respectable shareholders.
LGL, You must have mistyped the number of zeroes on your dollar figure. First of all, no "requests" for money were ever made. Shareholders were asked for donations, when queried on the amount, it was stated that most were putting in $500-$1000. The majority of the money that has been collected is from the very people you are questioning on the board. And if we are all on the same side, there is no need to waste our efforts in a "spitting" contest.
Kenco, I would like to answer your statement and set your mind straight on this situation, but doing so would reveal to the other side the strategy involved. The present directors know JL's past MO, he does not know theirs.
And the justice will continue.