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I'm just posting information that I've been picking up on. But it takes time for things to be updated. But it does look from what I'm learning, that the deal is dead and that Lanza has screwed everyone again!!!
Oh well... Who would have guessed...
I agree Skippy. There is something about the whole Smith thing and the new Board that don't add up. And it they were drilling new wells, it would be easy enought to provide some documentation to that effect. I'm also suspicious of some of the posters here and how they seem so willing to give Smith a pass for even the most basic of things. Looks to me like Lanza is paying people to promote this thing.
I'm told from my sources that the deal is dead and that Smith and gang are moving on, just like Summit and everyone before them. This is what is being heard around Oil City!!!
Option Fool, are you saying that it takes two months to drill a well? This is not true. The quote below is from the latest PR issued the 1st. of the month that said the one well was already drilled and the other would be done by the 15th. Please read it:
"The Board of Directors has approved of President Smith’s plan whereby he has agreed, at his own expense, to complete two wells, one of which has been drilled and the second which has been sputted with drilling and completion expected to be accomplished within the next two weeks."
Option Fool, please explain your "two month" comment? Who is telling you that? It sounds like Lanza is trying to buy more time for his latest scam.
This is why John 19 said we would have news by the 15th. Of course, now we know that he was wrong. If comes back to the question of what can you believe. BD has a history of telling endless lies. What you can pretty much know for sure is that there is no good news. Lanza is still in control and calling all the shots.
I'm informed from my sources that the deal is dead and that Smith and gang are moving on, just like Summit and everyone before them. This is what is being heard around Oil City!!!
Options, I don't understand your idea that there will be no news untill end of September. This just sounds like the usual Lanza stuff to try and keep the latest scam going. We have seen this to often.
Again, my sources are telling me nothing is happening and from appearances, this deal is probably already dead.
Just as in the case with Summit, we are not ever going to hear anything. Lanza will just move on to the next chapter of the scam, with help from some of the posters on this Board.
Options fool, my inquiries to people in the area are telling me that nothing much is happening, no signs of life. So I suspect the deal is dead!
Yes, that is a good point. Kenco, how many of the posters on this Board do you think are paid by Lanza?
LGL, the bottom is not unknown. It is sub penny by month's end. That is easy enought to figure.
There is no light at the end of any tunnel until Lanza is gone, only darkness. May Lanza burn in hell for all eternity!!!
Lanzamustgo, he is just posting an opinion. There is plenty that the new management could do to support the stock. Start by verifying that BD actualy still owns something. Tell us about the new wells, etc. The fact that they don't begins to suggest another scam is under way.
You have to remember, BD is bery capable of just plain lying about everything...
Well, John, the way this thing is racing to sub penny status, looks to me like there are few belivers left. Got to admit, the market is just not buying the whole idea of a deal. Just been screwed to many times.
Yes, of course. I think the point of the post is that Lanza has a long history of pushing deals that he can't deliver on to pump the price. The gemine scam was the best ever. Looks to me that we are about to see another deal cave.
Down today on large volmumn. I'm guessing we will be sub .02 by friday, and .001 by end of the month.
The paid promoters on this board just can't seem to overcome anymore the Lanza stigma.
I give this at best about a 20% chance of working out, that is, some type of deal going forward and Lanza off the Board. There could be good reasons why the new gang wanted control of the Board to finish DD, not being able to trust or believe anything Lanza says. Do they like what they have found? Probably things are worse than imagined with lots of legal complications. There is a chance here, a small one and nothing more. One thing for sure, we will be a sub penny stock in the next couple of weeks without an indication of progress. Even then, time is running out. Noboby, even the promoters on this board, really believe in this thing.
Kenco, I realize what you say is true. Perhaps I'm just looking for a reason to be optimistic. One the other hand, there is just so much more information in the public domain these days. Hard to believe he could screw these guys. But perhaps.
I'll stick with what I said earlier. If they invest money, then Lanza will be gone.
True enough Kenco. Lanza and the old quiet period scam are not new to BD. But I am a bit puzzled. I don't see why the three new Board Members would agree to serve with Lanza, given the stigma associated with him. They seem a better class of people than his usual partners in crime. Do you have an answer for that? Second, there just ain't no one stupid enought to invest serious money in a Lanza controlled enterprise. This Smith guy is just not that stupid. So,if he is going to ivest then Lanza has to go.
As I've said before, if we see real investment --- and we haven't yet --- that is a good sign.
Anyway, there is no easy explanation for the current turn of affairs...
Skippy, the plain fact of the matter is that virtually all BD PR is LIES. Really, it is just astonishing. They are probably at 100%!
We are all, however great our doubts, hoping for the best.
I'm sorry to hear about Mr. Smith's wife. I do pray always for us --- sort of an old testament prayer --- that God will strike Lanza with a bolt of lightning!
Signifcant is what way? Confirmation that BD is all lies all the time???
Well John, looks like you were wrong about the 15th...
On the other hand Kenco, ain't now way anyone is going to invest in BD with Lanza still in control. I've been saying for some time the one way to know if the new board is in control is if they bring some financing to the table. So far, we haven't seen any.
Humble, well, Lanza had enough shares to dump Lou's Board!!! We all know that... So, got to figure he can dump Smith whenever he wants, too.
John, technically Lanza controls two seats with his long-time partner Neilly. But the fact that he is on the Board and majority shareholder means he runs the show. Wasn't to long ago he had Lou's board removed. No question but that Lanza is the man!
Yes, --- Lanza as majority shareholder still runs the company.
Lanzamustgo, this can't be true. No one is so stupid as to get in bed with a Lanza entity and not have their homework done. If that is the case, then the new board is a scam.
Good point Kenco, and if the new management was really running things, you would expect them to immediately sever all relationships with Lanza's other companies, but there is no sign of this.
John 19, I appreciate your optimism. You need to remember, though, that I have owned BD much longer than you, and am very familiar with all the lies, the past saviours, etc. It certainly time for BD and the new management to document just what the assets are.
John 19, I don't think looking at a BD map is a very solid answer. It is just a factual statement that can be documented that almost everything --- and there may in fact be no exceptions --- that BD has ever said or promoted in a lie. So, it is high time that the new management documents what BD owns and where. There is at least an even chance that all of BD's better assets have been sold. I'm hoping not, but we have to be open to the possibility.
John 19, the 15th. is coming up in a few days. Are you still counting on some good news this week.
Skippy, it really is something, all the posters that a few weeks ago were saying that Lanza was gone. Now we are lower than ever... And everyone knows that Lanza is still running the show.
That makes my day Dragon. Where you been lately?
Perhaps Spunky, but these days even Lanzamustgo and LGL, the very people who said Joe was out a few weeks ago, are going negative. Hard to tell what the play is here. Me, I don't trust anyone.
LGL, seems that a coupe of weeks ago you believed that Lanza was gone and all was well, not you couldn't be more negative. That is scary.
LGL, what you say is entirely true. Joe is probably as much a sociopath as a stock scammer. He probably enjoys being notorious, screwing everyone. But here is the thing, everyone knows it. Given his well known history, it is impossible to believe the new Board went into this without a complete understanding of Joe and how he works, and without well written enforceable contracts, however contingent. No, if the deal falls through because of Joe and his scams, then this was just a scam from the beginning, all well planned. But there is some reason --- not much, perhaps --- but some reason to believe that the new gang wants this to suceed. We as always will see.
What is the latest count on the number of leases, acres, and wells onwed by BD? Any reliable info on this front?
I agree marshvest. The all know how Lanza is and they are not idiots. So, I do think we can at least count on them knowing what the assets are.
LMG, I can't really buy it. Ain't anybody stupid enough to enter into a deal, assume the leadership of a Board, etc., and not know what the assets are.
LMG, I don't get what you are saying, "...they were so hyped the didn't know what was what..." You are an "insider" of sorts, or at least you leave that impression. Are you trying to tell us the deal is going south? Let's be clear, professional business people who know they are going to have to raise millions of new investment, don't do deals on a whim, they do their DD. I don't get your remarks, unless you know the deal in already coming apart?
LMG, I don't see how the new management of BD can possibly not know what BD owns. Let's see, Summit was there for months reviewing the potential of the leases. And then you have the new management that per the last PR has a commitment to buy the company. Surely they know what they have committed to buy. It doesn't help to even suggest that BD doesn't know what it owns.
Yes, I will open a paid account so we can private message.
Swordchaser, that is so correct, all the stuff about Lanza being gone was just absolutely wrong. This is a difficult situation. How is Clyde going to raise money to increase investment with Lanza still around? That is one tough assignment. But this does have the look of a "deal" about it, that is, give the new guys enough control of the company so that it becomes possible to puch Lanza out and move forward. We will see.