will put Jerry Woods in jail, **Liers are thieves
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Financial accounting is one branch of accounting and historically has involved processes by which financial information about a business is recorded, classified, summarized, interpreted, and communicated; for public companies, this information is generally publicly-accessible.
In financial accounting, an audit is an independent assessment of the fairness by which a company's financial statements are presented by its management. It is performed by competent, independent and objective person or persons, known as auditors or accountants, who then issue a report on the results of the audit.
Traditionally audits were mainly associated with gaining information about financial systems and the financial records of a company or a business. However recently auditing has begun to include other information about the system, such as information about environmental performance.
The most general definition of an audit is an evaluation of a person, organization, system, process, project or product. Audits are performed to ascertain the validity and reliability of information, and also provide an assessment of a system's internal control. Auditing is therefore a part of some quality control certifications such as ISO 9000. An audit is based on random sampling and is not an assurance that audit statements are free from error. However the goal is to minimize any error, hence making information valid and reliable.
It look like Joe was paying bills and buying assets with shares, now we need to trace those new owners to see who acct. there in.
We cant blame the shorts .
BUYINS.NET: MGEN, SNDN, UWNK, VBTC, BDGR, TAROF Have Also Been Removed From Naked Short List Today
Tuesday 06/05/2007 9:27 AM ET - M2
BUYINS.NET, www.buyins.net, announced today that these select companies have been removed from the NASDAQ, AMEX and NYSE naked short threshold list: Med Gen Inc. (OTCBB: MGEN), SendTec Inc. (OTCBB: SNDN), uWink Inc. (OTCBB: UWNK), VuBotics, Inc. (OTCBB: VBTC), Black Dragon Resource Companies Inc. (OTC: BDGR), Taro Pharmaceutical Industries Ltd. (OTC: TAROF). For a complete list of companies on the naked short list please visit our web site. To find the SqueezeTrigger Price before a short squeeze starts in any stock, go to www.buyins.net
Black Dragon Resource Companies Inc. (OTC: BDGR) operates as an independent oil and gas production company, focusing on the acquisition of mature, producing, and existing United States oil and gas fields. It produces oil and natural gas from marginal stripper wells, whose production has slowed to 15 barrels of crude oil per day or less. The company was incorporated as Vita Health, Inc in December 1999 and later in the year changed its name to Vita Warehouse Company, Inc. It further changed its name to Texas Diversified Distributors, Inc. in 2001; to Black Dragon Resource, Inc. in February 2004; and to Black Dragon Resource Companies, Inc. in December 2004. Black Dragon Resource Companies is headquartered in Austin, Texas. With 22.55 million shares outstanding and 76,900 shares declared short as of May 2007, there is no longer a failure to deliver in shares of BDGR
Your assuming 30bod per well is probably on the high side.
I am not sure, but I think Lou told me he though it was about 65 mill. shares O/S
That means that Joe is saying BDGR has 80 million shares outstanding.
That's a first step is to pin joe down, what do we do if Joe
will not comply? I know an accountant that's lives in Vegas
but he is not cheep, may he will take some stock in trade?
SEC NEWS DIGEST
http://www.sec.gov/news/digest/2007/dig061407.txt
Issue 2007-114 June 14, 2007
ENFORCEMENT PROCEEDINGS
SEC CHARGES SECURITIES ATTORNEYS IN PENNY STOCK SCAM
The Commission today filed suit against the principals of a micro-cap
technology company as well as two securities lawyers for their role in
an illegal "pump and dump" scheme. The Commission alleges that Arizona
attorney David B. Stocker and
LOU
Have you ask Lanza the states of the financials and the audit?
if so what did he say ?
If not would you ask ?
And ask why the audit is not being done and what is the stumbling blocks or hangup? is there money to pay for
the financials and or audit?
AS you know this my biggest problem with Joe and as stated by the rest of the investors (his partners).
Please Lou let Joe know our concerns.
Thanks.
PS you can show Joe any of my post at your discretion.
FOR INFORMATION ONLY
Browns gas implodes creating a vacuum and does not explode.
Local if this is Browns Gas then let us put it in all of
BDGR wells and put a cap on them and set them off, that will suck the oil out.
A company called Range Resources (RRC ) did just that, I owned it about 4 yr ago at $2.00 it went to $5.00 and sold.
Early this year it was low 20s and now I just pulled it up and it in the $40.s so with the right operator we can do grate.
Report on Micro-Cap Stock FraudOver 45 states, the SEC, the NASD and the New York Stock Exchange ("NYSE") have ..... over-the-counter or "Bulletin Board" stocks that do not trade on the ...
www.oag.state.ny.us/investors/microcap97/report97a.html - 55k - Cached - Similar pages
NEW YORK STATE ATTORNEY GENERAL
REPORT ON MICRO-CAP STOCK FRAUD
BUREAU OF INVESTOR PROTECTION AND SECURITIES
December 1
--------------
Table of Contents
OVERVIEW
HISTORICAL PERSPECTIVE
THE MICRO-CAP INDUSTRY: PROS AND CONS
INVESTOR COMPLAINTS
THE TELEMARKETING OF MICRO-CAP STOCKS
Cold Calling Abuses
Use of Scripts and High Pressure Sales Tactics
Other Sales Practice Abuses
Illegal Use of Unregistered Agents
Misrepresentations of Quality or Risk
Unauthorized Trades and "Parking"
Failure to Execute Sell Orders
Undisclosed Mark-ups and Concessions
Suitability
Market Manipulation
Unauthorized Use of Margin
Exaggerations of the Broker's Experience, Title and Amount of Total Customer Funds Under Management
Neglect of Customer Complaints
FRANCHISE OFFICES OF BROKER-DEALERS
LICENSING OF BROKERS
New York Review and Licensing Authority
Unregistered Brokers and Broker-Dealers
Series 7 Examination Cheaters
Concorde Capital
INSIDE A BOILER ROOM
So You Want to Be a Broker? Beware The Boiler Room!
Tactics of a Boiler Room Broker
Why Boiler Rooms Persist
CLEARING HOUSE PRACTICES
Dimensions of the Problem
J.B. Oxford Search Warrant
Collapse of Clearing Firms
Bankrolling Manipulation
Participating in Manipulation
Clearing Firm Conduct
Due Diligence on Introducing Brokers
Financial Responsibility and Introducing Brokers
Remedial Measures - - Industry Proposals
ENFORCEMENT ACTIONS
New York State Attorney General's Office
People v. Concorde Capital, et al.
People v. Edward McKay
In the Matter of Investors Associates, Inc. and First United Equities Corp., et al.
People v. Campbell and Prudential Corp., et al.
Other State Actions
Nationwide Crackdown on Fraudulent Telemarketing of Micro-Cap Stocks
Massachusetts: H.J. Meyers & Co.
Indiana: Sterling Foster & Company, Inc. and Biltmore Securities
NASD Regulation, Inc.
Stratton Oakmont, Inc.
GKN Securities Corp.
D.H. Blair & Co.
La Jolla Capital Corp.
INTERNET STOCK FRAUD SURVEY
POLICIES AND PROCEDURES IMPLEMENTED BY THE ATTORNEY GENERAL'S OFFICE
Access to Premises, Records and Persons
Computerization
The Franchising of Branch Offices
Stay in the Transfer of Assets
Internet Surveillance
PROPOSALS AND RECOMMENDATIONS TO COMBAT MICRO-CAP STOCK FRAUD
Increased Resources for Investigation, Registration, Enforcement and Investor Education
Licensing of Brokers
Affirmative Background Disclosure and "Broker List"
Attorney General Inspection Authority
Attorney General Cease & Desist Authority
Recognition and Implementation of Other Jurisdictional Findings
Reciprocal Subpoenas
Clearing House Operations
CONCLUSION
Hooded ex-broker testifying at the Attorney General public hearings
ACKNOWLEDGMENTS: This report was prepared by the Investor Protection and Securities Bureau of the New York State Attorney's Office, specifically, Andrew Kandel, Bureau Chief; William Mohr, Deputy Bureau Chief; Verle Johnson; John DiChiara; Scott Andersen; Elizabeth Block; Jean Marie Cho; Patricia Cheng; and Joseph Punturo. The Bureau would like to thank all of the people who provided testimony at the public hearings and assisted in the preparation of this report. The Bureau would especially like to thank the New York Law School, the North American Securities Administrators Association, the New York State Attorney General Investigators and the Financial Crimes Unit, William Martinez, Mark Griffin, Ralph Lambiase, Joe Borg, John Moscow, Daren O'Connor, Eric Colandrea, David Cieluswiak, Joseph Waterman and Lillian Reye
---------------
0
OVERVIEW
Asked to reflect on his life as a swindler and a mobster, Charles "Lucky" Luciano confessed that, if he could, he would change just one thing: "I'd do it legal," he said.
"I learned too late that you need just as good a brain to make a crooked million as an honest million.
Free fuel
http://www.glumbert.com/media/saltwater
IS there any thing better than Oil and BDGR you be the judge.
Yes SALT WATER ??????? What? OPEC going out of business. http://www.glumbert.com/media/saltwater
www.glumbert.com/media/saltwater
I have no idea if there are any shorts, But if there are shorts perceived their may be little movement and that might
be why we moved today.
SEC Votes To End Short-Selling 'Grandfather' Protections
June 13, 2007 11:23 ET
By Judith Burns
Of DOW JONES NEWSWIRES
WASHINGTON (Dow Jones)--The Securities and Exchange Commission voted Wednesday to
approve a change to tighten rules intended to curb manipulative short sales,
including so-called "naked" short sales.
The change eliminates a controversial exception that shielded existing short
positions from requirements to deliver hard-to-borrow shares within 13 days of
settlement. Once the change takes effect, short positions previously protected by
the grandfather clause must be closed out within 35 days.
SEC Chairman Christopher Cox said persistent failures to deliver shares sold
short seem to be due to the grandfather protections, which the SEC included in
2004 to prevent stock-market volatility. Critics complained the protections
undermined efforts to clean up abuses involving "naked" short sales.
Short selling involves sales of borrowed securities, producing profits when
prices decline. The practice is legal, but the SEC's Regulation SHO sought to
prevent "naked" short sales, in which short sellers don't borrow securities they
sell.
SEC officials said delivery failures have declined about 35% overall since
Regulation SHO took effect and have fallen about 53% for hard-to-borrow stocks
defined as "threshold" securities.
-By Judith Burns, Dow Jones Newswires, 202-862-6692; Judith.Burns@dowjones.com
(END) Dow Jones Newswires
SEC Votes To End Short-Selling 'Grandfather' Protections
June 13, 2007 11:23 ET
By Judith Burns
Of DOW JONES NEWSWIRES
WASHINGTON (Dow Jones)--The Securities and Exchange Commission voted Wednesday to
approve a change to tighten rules intended to curb manipulative short sales,
including so-called "naked" short sales.
The change eliminates a controversial exception that shielded existing short
positions from requirements to deliver hard-to-borrow shares within 13 days of
settlement. Once the change takes effect, short positions previously protected by
the grandfather clause must be closed out within 35 days.
SEC Chairman Christopher Cox said persistent failures to deliver shares sold
short seem to be due to the grandfather protections, which the SEC included in
2004 to prevent stock-market volatility. Critics complained the protections
undermined efforts to clean up abuses involving "naked" short sales.
Short selling involves sales of borrowed securities, producing profits when
prices decline. The practice is legal, but the SEC's Regulation SHO sought to
prevent "naked" short sales, in which short sellers don't borrow securities they
sell.
SEC officials said delivery failures have declined about 35% overall since
Regulation SHO took effect and have fallen about 53% for hard-to-borrow stocks
defined as "threshold" securities.
-By Judith Burns, Dow Jones Newswires, 202-862-6692; Judith.Burns@dowjones.com
(END) Dow Jones Newswires
SEC Votes To End Short-Selling 'Grandfather' Protections
June 13, 2007 11:23 ET
By Judith Burns
Of DOW JONES NEWSWIRES
WASHINGTON (Dow Jones)--The Securities and Exchange Commission voted Wednesday to
approve a change to tighten rules intended to curb manipulative short sales,
including so-called "naked" short sales.
The change eliminates a controversial exception that shielded existing short
positions from requirements to deliver hard-to-borrow shares within 13 days of
settlement. Once the change takes effect, short positions previously protected by
the grandfather clause must be closed out within 35 days.
SEC Chairman Christopher Cox said persistent failures to deliver shares sold
short seem to be due to the grandfather protections, which the SEC included in
2004 to prevent stock-market volatility. Critics complained the protections
undermined efforts to clean up abuses involving "naked" short sales.
Short selling involves sales of borrowed securities, producing profits when
prices decline. The practice is legal, but the SEC's Regulation SHO sought to
prevent "naked" short sales, in which short sellers don't borrow securities they
sell.
SEC officials said delivery failures have declined about 35% overall since
Regulation SHO took effect and have fallen about 53% for hard-to-borrow stocks
defined as "threshold" securities.
-By Judith Burns, Dow Jones Newswires, 202-862-6692; Judith.Burns@dowjones.com
(END) Dow Jones Newswires
SEC Votes To End Short-Selling 'Grandfather' Protections
June 13, 2007 11:23 ET
By Judith Burns
Of DOW JONES NEWSWIRES
WASHINGTON (Dow Jones)--The Securities and Exchange Commission voted Wednesday to
approve a change to tighten rules intended to curb manipulative short sales,
including so-called "naked" short sales.
The change eliminates a controversial exception that shielded existing short
positions from requirements to deliver hard-to-borrow shares within 13 days of
settlement. Once the change takes effect, short positions previously protected by
the grandfather clause must be closed out within 35 days.
SEC Chairman Christopher Cox said persistent failures to deliver shares sold
short seem to be due to the grandfather protections, which the SEC included in
2004 to prevent stock-market volatility. Critics complained the protections
undermined efforts to clean up abuses involving "naked" short sales.
Short selling involves sales of borrowed securities, producing profits when
prices decline. The practice is legal, but the SEC's Regulation SHO sought to
prevent "naked" short sales, in which short sellers don't borrow securities they
sell.
SEC officials said delivery failures have declined about 35% overall since
Regulation SHO took effect and have fallen about 53% for hard-to-borrow stocks
defined as "threshold" securities.
-By Judith Burns, Dow Jones Newswires, 202-862-6692; Judith.Burns@dowjones.com
(END) Dow Jones Newswires
Please if you decide to comment, tell me what YOU think not what your sources say and if you chose to use your sources list them by name then I will discuss this subject with them.
it is my under standing that there is less than 100 share holders, non insiders, non related in public float in which many
holders also have both free trading and 144 stock.
CCOP is a start up company, now for three years with nobody taking charge and all you hear is we are waiting for way-links.
You as a holder should be concerned with insiders selling as well as the company selling treasure stock to pay bills and under mining your shares, if the Company needs to raise money then do it properly. Also I ask why the company
does not release the numbers on insiders and related people total shares
outstanding, shares authorised and the number of shares in Float. (the transfer agent refused to give info )
**********************
*...............INSIDERS WISH TO ASSURE STOCKHOLDERS
THIS IS A ARTICAL ON LOCKUP TO STOP THE UNDERMINING OF SHARE PRICE
Nashville Records(TM) Insiders Wish to Assure Public They Have No Intention of Selling Their Shares for the Foreseeable Future
Tuesday June 12, 9:39 am ET
NASHVILLE, Tenn.--(BUSINESS WIRE)--Nashville Records, Inc. (PINK SHEETS: NSHV - News) management and advisory personnel would like to assure all public shareholders of the Company that insiders are interested in the long-term financial health of the company and have no plans to divest any of their shares until the Company and its stock are on a solid and stable foundation and all lockdown provisions are long expired. No insider sales have been conducted.
ADVERTISEMENT
Secondly, plans to hire an auditing firm acceptable to the SEC are being moved up, and it is anticipated an audit can be accomplished and the proper registration statement (SB-2) can be expedited. This action is taken in the need to become a reporting company as soon as possible as to create the transparency that is concomitant with filing quarterly results to the Edgar database.
Forward-Looking Statements:
Congratulation IPHE for taking the bull by the horns.
So few of the small co. even pay any mined to the shareholders
after they sell the stock to them.
Here a voip with CCop problem and what they did to resove it .
*****(IPHE)*****
iPhone2, Inc. Reaches Lockdown Agreement with Major Shareholders
Monday June 11, 9:00 am ET
ALBUQUERQUE, N.M., June 11 /PRNewswire-FirstCall/ -- iPhone2, Inc. (Pink Sheets: IPHE - News), today announced that by overwhelming vote the majority stock holders have agreed to enter into a lockdown agreement, locking down over 23,000,000 shares out of the 32,787,769 free trading shares currently in the float for the next 120 days.
"Our recent decline in share price seems to have been driven by a relatively small amount of selling, rather than by the company's fundamentals," stated Charles Greenberg, iPhone2's Chairman. "I'm delighted I've been able to secure a lockdown agreement from the majority of our shareholders while we complete pending acquisitions and filings for the OTCBB." Greenberg added, "As we continue to execute our business plan I'm confident the market will respond accordingly."
iPhone2, Inc. is an innovative Voice and Video over Internet Protocol communication provider offering residential and commercial customers affordable and user-friendly ways to communicate more efficiently. iPhone2's OfficePhone2.0 is the Next Generation of Communication Products enabling small-to-midsized companies to enjoy the benefits and features of large, expensive phone systems without the prohibitive initial expense or ongoing maintenance costs.
About iPhone2, Inc.
iPhone Inc. http://www.iPhone2.com (Pink Sheets: IPHE - News), iPhone2, Inc is an innovative Voice and Video over Internet Protocol communication provider offering residential and business customers user friendly and affordable ways to communicate more effectively.
For more information, please visit http://www.iPhone2.com, or contact the Company at info@iphone2.com 561-952-0300, x 101
Safe Harbor
"Another question for ALL,
is the 2000bo not shipped in April a part of May total and
shipped."
**
I agree, But the the way Lanza puts the numbers out yoy can assume a lot of things and I believe he does that on purpose
to mislead stockholders, I guess I have learns to mistrust him.
Local
Thanks for the correction, Lou also did the honors.
I bow to your intelligence.
Thank you Lou
I bow to your intelligence.
Thank you
Somebody is buying to day.
LOU
:Another guy that is calculator illiterate."
If you would go to Press Release June 1, 07. and
Remember figure don't lie, But liars figure.
I though it was self evident that we did not get paid for
what was not shipped.
BDGR
Reported ( NOT PROVEN )
5000 bo = 64.94% of production (said shipped)
7700 bo = 100.00% production
450 wells producing ( 5000 by 450 = 11.12 bo day )average per well.
( you cant figure the net )what is WI and NRI ?
*******************************************
PROJECTED by LANZA for JUNE 07
300 bo per day or 9000 bo month
9000 bo x 64.94% =5844.6 bo for June ( Assumption )
Adding 1.67 well per day
adding 18.57 bo day
********************
>>>>>>>>> Only paid for 4000 bo shipped <<<<<<<<<<<<<<<<
May 11, 2007 -- Black Dragon Resource Companies announced that its oil wells produced over 7,000 barrels in April. The Company shipped over 4,000 barrels last month.
(for the purpose of clarity, What does OVER mean) fudge the numbers ?
Another question for ALL,
is the 2000bo not shipped in April a part of May total and
shipped.
BDGR
Reported ( NOT PROVEN )
5000 bo = 64.94% of production (said shipped)
7700 bo = 100.00% production
450 wells producing ( 5000 by 450 = 11.12 bo day )average per well.
( you cant figure the net )what is WI and NRI ?
*******************************************
PROJECTED by LANZA for JUNE 07
300 bo per day or 9000 bo month
9000 bo x 64.94% =5844.6 bo for June ( Assumption )
Adding 1.67 well per day
adding 18.57 bo day
Here the deal that BDGR needs , Go to (TEXG) PR.
LOU
Now can you go to Joe and tell him to get the AUDIT done before we take this to the next step? Or do we need to keep the pressure on?
LOU
OK What is your next step?