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Any fool knows what coming....Right Lou?
I'm buying!
I also agree with Marsnvest's comments re Lanza stumbling onto a real company - having begun acquiring leases as part of a scam to again defraud unsuspecting investors. Lanza suddelnly found himself with something actually worthwhile - and we got in his way!
I see my question concerning Lanza serving as a director was also partially answered by Mars......Now there is cause!
Happy Saturday!
"Despite the fact that Lanza could not be a director or officer of OMDA due to his felony conviction and a Consent Judgment rendered against him by the SEC..."
I keep reading these words in the OMDA suit.....If they are truly accurate - how is it that Lanza can hold an officer or director position in ANY company??????????
"Where are the prophets?"
How about: Where are the Profits?
July Production: 8500
Where are the Profits?
July Sales: 4500
Where are the Profits?
Nor did Jayne or Mario.
Anyone know where Rick Michael might be this week....
:>)
A little birdie told me that Joseph A. Lanza did NOT have a very nice day....
Mars - And what you really mean to say is?
Begs the question - who really hired Mike Ellis to run BD.....
Very nice article, indeed. He brings much needed credibility to the company, and I suspect, a few signirficant investor influences as well.
I can only imagine what he must think of "the Nice Family man" and his relentless shenanigans.
Time for some serious long term and short term strategy meetings without Lanza in attendance - eh Lou?
Happy Tuesday!
When you call him, be sure to ask him these questions:
Mr. Ellis, were you aware of Mr. Lanza's criminal background BEFORE you went to work for him?
Mr. Ellis, when did you first meet Mr. Lanza?
Interesting responses!
Not sure where you're getting your mis-information re Barry M, but of all of the characters at BD, he was, unquestionably, the ONLY HONEST one we had.
Lanza couldn'r risk his repeated attempts to clean up BD's act (Lanza's consistent wrongdoings). Lanza got rid of Barry M for no other reason that he was close to exposing BD.
Anyone who has read Barry M's letter of resignation - where he openly states he can no longer trust anything emanating from the management, nor can he believe any facts or figures relating to operation outputs, income or revenue as stated by the company.....ANYONE who has read his words will quickly see why his departure from BD was a negative event for shareholders.
There were many facets at play when Barry was BD's CFO. Only he truly knows the magnitude of those events. If you understand nothing else, understand why he left!
There are those who would suggest otherwise. Either they are unknowing of the facts, (VERY likely) or have a singular agenda which may be diametrically opposed to those who want BD's share price to rise.
Would you believe 8500 BOE produced,
And 4500 sold for July?
Can you say: C A S H F L O W P O S I T I V E...?
Lou, if you think for one minute that I'm clamoring - have I got news for you.
If you think for one second that I'm going to remain silent while a convicted felon remains as COB with this comapny - think again.
If you think I'm going to sit silently by while BD continues to be led a convicted con man, swindler, fraudster, lying cheat of a sorry excuse for a man, you're really mistaken.
Black Dragon deserves to run by decent, honest people. How anyone can possibly review Lanza's lifetime of repeated frauds, SEC Sanctions, criminal acts and be comfortable with him remaining in any capacity with BD is beyond me.
Clamoring? Buckle your seatbelt Lou, you're going to be taken for quite the ride.
Soso - assume you are right - assume Lou does know BD is continuing to lie and misrepresent..
What is he going to do? Admit that in a public forum as a Director of the company? I doubt that.
If he thinks he/we are still being misled, he'll be working diligently behind the lines to effect the total removal of Lanza, Lanza, Lanza, Lanza, and Lanza.
If Lou can somehow INDEPENDENTLY VERIFY the ACCURACY of all PRs from here on out - despite Lanza's continued presence - that will be a very positive happening!
How one executes that happening is a mystery to me and I'm sure a challenge to him.
If we are to believe that Lanza is simply sitting on the sidelines, watching the cash cows he's built for his family crumble for the good of shareholders - I can't see that taking place.
If we are to believe that Lanza has no authority, no day to day responsibilities, no power to direct the operations, no power to hire or fire, but is simply a man holding the title of Chariman of the board of Directors and acting as a consultant to BD, I would like to know more.
I'd also like to know more about who Rick Michael has been speaking with lately.....
COMPLAINT FOR BREACH OF FIDUCIARY DUTY, CANCELLATION OF INSTRUMENTS, CONSPIRACY, CONVERSION, EMBEZZLEMENT, FRAUD, MISAPPLICATION OF FUNDS, MISREPRESENTATION, NEGLIGENCE, NEGLIGENT MISREPRESENTATION, SECURITIES FRAUD, THEFT, THEFT OF CORPORATE OPPORTUNITY, TORTIOUS INTERFERENCE WITH CONTRACT, UNJUST ENRICHMENT, CLAIM TO INTERPLEADER, AND DECLARATORY JUDGMENT PLAINTIFFS' FIRST AMENDED COMPLAINT FOR BREACH OF FIDUCIARY DUTY, CANCELLATION OF INSTRUMENTS, CONSPIRACY, CONVERSION, EMBEZZLEMENT, FRAUD, MISAPPLICATION OF FUNDS, MISREPRESENTATION, NEGLIGENCE, NEGLIGENT MISREPRESENTATION, SECURITIES FRAUD, THEFT, TORTIOUS INTERFERENCE WITH CONTRACT, UNJUST ENRICHMENT, CLAIM TO INTERPLEADER, AND DECLARATORY JUDGMENT.
"I think after being dissapointed that people want to see execution from the company. That is what I am reading on this board."
WRONG. What you totally fail to grasp is not that people want to see execution from the company. They want to see Execution of the man who lied repeatedly in issuing False statements in PR's that caused many of us to (unwittingly) happily invest in this company.
They want to know that all of the past lies and schemes are behind us.
They want to know that whatever happens to BD's fortunes, the monies will stop flowing to Lanza family enterprises.
They want to know that the fraud and deceptions that Lanza is so artfully skilled at, will cease.
They want to know that BD WILL realize its potential DESPITE Lanza being involved.
In short, they want to know that BD will be run by honest people in an efficient manner with the best interests of the shareholders - NOT continue to be run by crooks who will bleed it dry for their own personal financial benefits.
Execution by the Company means NOTHING if the individuals running it are scam artists, criminals, and fraudsters.
Somewhere along the line you missed this - I'm not surprised given your lovely pie-in-the-sky posts. You seem content to ignore the facts - challenging them as if concocted by some angry individuals. You're all to willing to believe the status quo will get the job done. You'd rather attack anyone who posts factual data that you either do not believe or which does not agree with your own false understanding of matters at hand. Beleive it or not, there are folks who post facts (good or bad) in an effort to inform and enlighten.
Happy Saturday!
It's really a shame that you haven't had the time to more fully investigate BD.
Your posts convey thoughts that are really unrelated to actual goings on. Wishful thinking, and hopeful thoughts, of course, but completely devoid of factual information.
Comments like:
What a wonderful company -
What great potential -
They've turned the corner -
With talented new management we're off to the races -
We can expect 60,000 Barrels of oil a month -
New technology will really help BD's production -
So glad to see Ellis in charge -
Lanza is now committed to BD shareholder value -
We're on the right track now - watch us grow -
If they follow the game plan -
They are implementing the turnaround plan -
Make mes seriously wonder about the person making those comments - How about we first get answers to the following questions:
Just what does Mr. Ellis bring to the table?
What role will Lanza continue to play?
Did Lanza lie to Ellis about the wells?
What does Gary Zorne's past really contain?
Does BD have new rigs or not?
Will the new technology play in these fields?
Does BD really have an inordinant number of employees?
How many are relatives of Lanza?
Will BD now bid for services or continue to overpay
Four Star, Petrol, and the other Lanza family companies?
What can we expect to see in the way of efficiency changes?
What can we reasonably expect to see re 2007 audit figures?
Can Malone and Bailey be trusted?
Does M&B have all the data and documentation they require?
Why has an audit taken so long?
What did Barry M mean re the audit & Lanza?
What exposure does BD have re SEC fraud investigation?
How much do we really know about the merits of the OMDA Suit?
How can we trust any PRs from BD re production outputs -
given their history of misrepresenting and misleading?
How many new shares have been issued since the 99M figure was
released?
What is the schedule for share buy backs?
Is BD currently unable to pay their staff?
Is BD currently unable to pay their expenses?
Is the drilling rig close to being reposessed for non-payment?
Is the rig currently sitting idle?
Will Lou need to buy more shares to help with operational
expenses?
Is BD still selling shares to meet obligations?
How can BD think of spending money on new office space IF
they are experiencing cash flow problems?
What is the expectation for being cash flow positive?
Who will examine expenses for appropriate "cost" and
reasonableness - esp if Lanza family businesses are still
receiving service contracts from BD?
Who can verify with assurances what the status of each well
is?
Who can verify with assurances what each well is producing?
Who can verify what percentage of each well's production is
actually attributable to BD's revenues?
Is Mr. Ellis aware of Lanza's past propensity for fraud?
Who are the current Directors of BD?
Are they temmporary appointments or permanent?
Do they serve at the whim of Lanza?
Can Lanza be voted out by the board - if so desired?
Is BD making the most of shareholders' investment money or
are they merely wordsmithing us?
Has anyone suggested a conference call-in for shareholders
Q & A participation with the board?
Has anyone suggested a call in conference with Mr. Ellis to
discuss what his vision is?
Has anyone suggested a call-in conference with Mr. Zorne to
discuss the unaudited financilas posted on BD's website?
Why should future PR's be given any more credence than prior
ones which have been proven to be outright lies - ?
I'm sure there a lot more worthwhile questions to be asked and answered, before my own comfort level is reached with this company. Words from Lanza's mouth, or from his personal mouthpieces have justifiably lost any sense of truthful acceptance, for me.
Others may feel differently. Some may believe Lanza is now a well intentioned man and trust him. Who's to know who will be proven right.
As long as Miss Represent, Miss Lead, Xavier Con, and Ima Felon are still running the company, my doubts will remain.
Points to Ponder:
**********************************************************
"Black Dragon Resource Companies Inc. announced that they have made Mike Ellis Director of Operations. Mr. Ellis has over 25 years' experience as a materials engineering consultant.
For the last 15 years he has served as the CEO of Advanced Materials Engineering Inc."
Mr. Ellis is a mechanical and materials engineer and holds a MBA in Finance.
His specialty is geological and drilling engineering.
Mr. Ellis has served a number of successful companies as CEO or President.
"Ellis is confident he can help increase current production in the near future. He has spent several months researching all of Black Dragon's geology and engineering and is anxious to get started with the Company. After weighing many different opportunities, Ellis found Black Dragon best met his criteria and decided to join the team."
*****************************************************
"We are excited such an experienced and innovative engineer has signed on with us. We foresee Mike making a difference right away," commented Joe Lanza, CEO of Black Dragon.
He added, "this is an important time for Black Dragon, and I want to assure everyone we have not lost a lawsuit and are not insolvent.
In fact, we expect a significant receivable in the near future."
Lanza also pointed out he has recently been working on a project in Washington, DC. "It's too early to give details, but I am confident my trip to Washington, DC will prove to be extremely beneficial to Black Dragon and its shareholders."
*******************************************************
NOTE the inference of Plurality: "our newly-acquired top-drive rotational, programmable, and self-elevating rigs."
*******************************************************
"In addition, the Company's ability to produce audited financial statements,
its ability to accurately forecast its operating results,
and its ability to achieve profitability
or generate positive cash flow are uncertain.
Black Dragon assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events. Readers are cautioned not to place undue reliance on these forward-looking statements.
*******************************************************
"allegations that its former management wrongfully took possession and control of oil and gas leases and wells that belong to the company, but also seeks to recover any proceeds gained by the sale of minerals from those leases and wells or other assets acquired by the defendants with those proceeds."
*******************************************************
"Black Dragon expects to sell thousands of barrels, as soon as the ground hardens. Currently, production is averaging 0.5625 barrels a day per well."
....company's total to 513 wells"
*******************************************************
I did get out a while back - geting back in over the last several weeks so my current cost is loooooooow. Hopefully I can recover with the number of shares I have now in short order.
Did I just read that BD will be seeking an office in Shreveport?
Did funds just magically materialize that allows for that at this time?
Trooper's post followed by Lou's rebuttal is certainly interesting, and may be worthy of additional research.
The words "Lanza Mouthpiece" terrorizes me.....
Rick M, Mario L, Gary Z,......next?
Oh how I wish I had no knowledge of Lanza's past!
Mars, I'm sure you undersatnd my frustration with having Lanza in the same state....
IF Mr. Ellis is consumed with engineering duties and technical operations.....
Ah, I forgot, we have Mr.Zorne as CFO.....HE will be watching the cash register.....silly me. And who brought Mr. Zorne on Board? That's right ...Mr.Joseph A. LAnza did.
I'll sleep sooooo much better now, knowing my investment is in good hands.
Indeed. And you have absolutely no doubt in your mind that the Joseph A. Lanza that stands before us today is not the same Joseph A. Lanza that has so willingly and repeatedly defrauded folks over a very long period of time?
Forgetting the fact that he is a good family man, what has changed to make him a man who can now be trusted?
I realize you may or may not be able to respond in a definitive or meaningful manner. It is, after all, a judgement call.....I understand if you do not/can not respond.
You and I (and many others) have lost a decent sum because of Joe's actions and fraudulent PRs. I remain overly suspicious - you appear comfortable. Everyone is different.
MD, I'm coming from the perspective that until and unless Lanza is no longer in any position to provide influence, direct, orchestrate, or to continue to act in his own family's best interests relating to the impact on Black Dragon's shareholders, I remain highly skeptical that he will
diminish his long standing patterns.
Do I think this is a glorious step towards making BD a better run company? Absolutely!
Do I think the stock price will shoot up higher if a fisherman pulls a certain body out of the shallow depths of Caddo Lake? Oh yeah!
Mind you, I am NOT recommending any form of violence.
Theoretically, Mr. Ellis could execute in a manner that delivers a 5 fold increase in production. Also theoretically, the monies from that prodcution could conceivably increase the outbound flow to Lanza family enterprises. Theoretically, the price of oil could reach $123/Barrel and those sales could never reach BD's bottom line. Call me a pessimist - heck, call me a basher and a pumper if you like - for my money the job is not yet done. Lanza's prior consistent behavior and lack of conscience tells me to be wary. He's halfway out the door - I suspect he's about to make it all the way out in the coming months. Then I'll celebrate!
Alluding? Naw....everyone knew it was coming. Just not when.
2 + 2 is usually 4.
SO...Lou, tell me, if you would be so kind - where has Dearest Joseph gone? Is he CEO, Chairman of the board, or at the bottom of Caddo lake as dragonman suggests he should be?
Lemme guess.....
First Guess: He's C.O.B.....
Second Guess: He's CEO.......Interim or otherwise
Third Guess: He's C.O.B. and acting CEO....
Really? And just who do you suppose is the current CEO of BD?
We're halfway there.
Almost Lou - almost -- Interim President I believe is what the PR will say.
Why Joe must go - What wise man or wise woman would look at BD
as an investment vehicle knowing the company's management leadership has this for a consistent business background?
What prompted Barry M to bolt - what had he learned about Joseph A Lanza's current dealings that caused his rapid retreat?
Am I the only one concerned enough to inquire?
FYI - These are the SEC references to Lanza's earlier sanctions: Rule 10b looks pecularly, and singularly risky for recent BD PR's....
Section 5 -- Prohibitions Relating to Interstate Commerce and the Mails
a. Sale or delivery after sale of unregistered securities
Unless a registration statement is in effect as to a security, it shall be unlawful for any person, directly or indirectly--
1. to make use of any means or instruments of transportation or communication in interstate commerce or of the mails to sell such security through the use or medium of any prospectus or otherwise; or
2. to carry or cause to be carried through the mails or in interstate commerce, by any means or instruments of transportation, any such security for the purpose of sale or for delivery after sale.
b.Necessity of filing registration statement
It shall be unlawful for any person, directly or indirectly, to make use of any means or instruments of transportation or communication in interstate commerce or of the mails to offer to sell or offer to buy through the use or medium of any prospectus or otherwise any security, unless a registration statement has been filed as to such security, or while the registration statement is the subject of a refusal order or stop order or (prior to the effective date of the registration statement) any public proceeding or examination under section 8.
Section 17 -- Fraudulent Interstate Transactions
a. Use of interstate commerce for purpose of fraud or deceit
It shall be unlawful for any person in the offer or sale of any securities or any security-based swap agreement (as defined in section 206B of the Gramm-Leach-Bliley Act [15 USCS § 78c note]) by the use of any means or instruments of transportation or communication in interstate commerce or by use of the mails, directly or indirectly--
1. to employ any device, scheme, or artifice to defraud, or
2. to obtain money or property by means of any untrue statement of a material fact or any omission to state a material fact necessary in order to make the statements made, in light of the circumstances under which they were made, not misleading; or
3. to engage in any transaction, practice, or course of business which operates or would operate as a fraud or deceit upon the purchaser.
Rule 10b-5 -- Employment of Manipulative and Deceptive Devices
It shall be unlawful for any person, directly or indirectly, by the use of any means or instrumentality of interstate commerce, or of the mails or of any facility of any national securities exchange,
a. To employ any device, scheme, or artifice to defraud,
b. To make any untrue statement of a material fact or to omit to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they were made, not misleading, or
c. To engage in any act, practice, or course of business which operates or would operate as a fraud or deceit upon any person,
in connection with the purchase or sale of any security.
In short, what would BD's stock price be if Lanza was kaput, his family business ties were severed and replaced with competent, efficient, honest, and cost effective service providers, and all relevant (Accurate and audited) operational data was made available?
I believe you. Wasn't meant to - the reference was to violations by Lanza. Ask them, next time you speak with them, what their experiences have been with the referenced Lanza companies....
Fascinating.
Nope. Not directed at you. You know better and are certainly savvy enough about BD to avoid making the kind of foolish statement that I was responding to:
"Tbird, your source for info at BDGR seems quite informed albeit slightly biased."
My source is a combination of long waits, long calls, contacting people who rightfully know what they are experiencing in dealing with, working with, and working for BD, reviewing public documents, requesting additional source info, etc, etc, - extended time spent doing due diligence - something many posters on the board are wholly averse to - and unaccepting of facts when presented to them. (Downright ugly)
Some of that learned factual information has caused me to be labeled a pumper - some of it to label me a basher....none of it to label me a deliver of truth. Not unexpected - considering the various motives of folks who visit here.
It's the P.I. in me, don't you know...
"Coming soon - to a theatre near you..."
Happy Friday!
Soso -I wonder when the truth became "bias"....hmmm must be some distorted point of view.
I'm sure you know who's post I'm referring to....He appears to be one of those folks who can neither recognize, nor handle the truth. But..he does try mighty hard to change the subject - wonder why that might be...
Soso - not sure if you ever saw this relating to the Lanza cash cows...suspicious by nature or scam ridden?
Organization Name
Org ID Name
1822 FOUR STAR OIL COMPANY
Address Information
Oper Type Addr1 Addr2 Add Type City, State Zip ATTN Name Contact Name Phone Num Phone Type
01 P. O. BOX 458 01 OIL CITY, LA 71061-0000 MARIO LANZA (318)995-0404 OFFICE
(318)995-0708 FAX-OFFICE
01 P.O. BOX 458 03 OIL CITY, LA 71061-0000 MARIO LANZA (318)995-0404 OFFICE
(318)995-0708 FAX-OFFICE
01 BURTON OIL & GAS REPORTING SERVICE P.O. BOX 351 05 VIVIAN, LA 71082-0000 ANN BURTON (318)375-5132 OFFICE
(318)375-5132 FAX-OFFICE
01 P. O. BOX 458 06 OIL CITY, LA 71061-0000 MARIO LANZA (318)995-0404 OFFICE
(318)995-0708 FAX-OFFICE
01 P. O. BOX 638 09 OIL CITY, LA 71061-0000 DOUG GAINES (318)995-6279 OFFICE
01 P. O. BOX 458 11 OIL CITY, LA 71061-0000 MARIO LANZA (318)995-0404 OFFICE
(318)995-0408 FAX-OFFICE
Organization Officers
Officer Name Title
MARIO LANZA PRESIDENT
JAYNE LANZA SECRETARY
Organization Red Flags
Effective Date End Date Warning Status Warning Description
04/21/2005 01/19/2005 E I & E COMPLIANCE VIOLATION
12/31/2005 03/13/2006 M MONIES ESCROWED
01/23/2004 03/05/2004 S FORM R-4 SUSPENDED FOR PRODUCTION AUDIT DISCREPANCIES
01/23/2004 03/05/2004 S FORM R-4 SUSPENDED FOR PRODUCTION AUDIT DISCREPANCIES
01/23/2004 01/27/2004 S FORM R-4 SUSPENDED FOR PRODUCTION AUDIT DISCREPANCIES
MARIO LANZA, Secretary, PETROL INDUSTRIES, INC.
MARIO LANZA, Secretary, FOUR STAR OIL COMPANY36064376K 12/05/2005 JAYNE MARIE OIL & GAS INVESTMENT, LLC 100 NORTH LAND AVENUE OIL CITY, LA 71061
Agent: MARIO LANZA 100 NORTH LAND AVENUE OIL CITY, LA 71061
Member/Manager MARIO LANZA, Member 100 NORTH LAND AVENUE OIL CITY, LA 71061
Member/Manager MISSONI LANZA, Member 100 NORTH LAND AVENUE OIL CITY, LA 71061
NEW DOMESTIC FILINGS: 12/03/05 THRU 12/09/05
JOSEPH LANZA, Registered Agent, WOOLDRIDGE PRODUCTION COMPANY, LTD. LIMITED PARTNERSHIP #1
JOSEPH A. LANZA, Manager, JA LANZA, L.L.C.
JOSEPH A. LANZA, Member, MISSIONI OIL & GAS, LLC
JOSEPH A. LANZA, Member, TIMOTHY LANZA, LLC
JOE LANZA, Registered Agent, FOUR STAR OIL COMPANY
JOE LANZA, Registered Agent, WOOLDRIDGE PRODUCTION, L.L.C.
JOE LANZA, Member or Manager, WOOLDRIDGE PRODUCTION, L.L.C.
JAYNE LANZA, President, FOUR STAR OIL COMPANY
J. A. LANZA, Member, RED ROSE OIL & GAS, L.L.C.
J.A. LANZA, Member, OILWIN, L.L.C.
J.A. LANZA, Member, CALIENTE OIL COMPANY, L.L.C.
MARIO LANZA, Registered Agent, PETROL INDUSTRIES, INC.
MARIO LANZA, Registered Agent, JAYNE MARIE OIL & GAS INVESTMENT, LLC
MARIO LANZA, Member, JAYNE MARIE OIL & GAS INVESTMENT, LLC
MARIO LANZA, Registered Agent, LANZA LAND MANAGEMENT
MARIO LANZA, Member, LANZA LAND MANAGEMENT, LLC
MARIO LANZA, Registered Agent, MISSIONI OIL & GAS, LLC
MARIO LANZA, Registered Agent, TIMOTHY LANZA, LLC
MARIO LANZA, Registered Agent, LANZA AT THE LAKE, LLC.
MARIO LANZA, Member, LANZA AT THE LAKE, LLC.
MARIO LANZA, Registered Agent, THE OIL CITY TRIANGLE, LLC.
MARIO LANZA, Member, THE OIL CITY TRIANGLE, LLC.
MARIO A. LANZA, Registered Agent, BONZAI VENTURE, L.L.C.
MARIO A. LANZA, Member, BONZAI VENTURE, L.L.C.
MISSONI LANZA, Member, JAYNE MARIE OIL & GAS INVESTMENT, LLC
MISSONI LANZA, Member, MISSIONI OIL & GAS, LLC
TIMMY LANZA, Member, TIMOTHY LANZA, LLC
TIMOTHY LANZA, Member, LANZA LAND MANAGEMENT, LLC
BD's potential will likely never be seen with Lanza in charge.
JMMHO, of course, as always.
ANother reason to rejoice when Lanza is GONE - as in left the building...and let BD prosper for the financial gain of all investors.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
LITIGATION RELEASE NO. 15371 / May 22, 1997
ACCOUNTING AND AUDITING ENFORCEMENT
RELEASE NO. 915 / May 22, 1997
SEC v. MEMBERS SERVICE CORPORATION, et al., 97-CV-01146 (May 22, 1997)
United States District Court for the District of Columbia
The Securities and Exchange Commission today filed a civil action in the U.S. District Court for the District of Columbia against ... Joseph Lanza, ....alleging violations of the antifraud, registration, and reporting provisions of the federal securities laws.
Members, which was based in Winter Park, Florida, purported to acquire and operate private companies engaged in various businesses, including oil and gas production, the sale of cellular fax machines,and the development of a synthetic blood substitute. The complaint alleges that, beginning in 1992, certain defendants issued false and misleading press releases, prepared false and misleading financial statements, and made undisclosed payments to salesmen and others to manipulate the price of Members stock from $2.50 to a high of $12 per share.
According to the complaint, the scheme began when stock promoter Sung and Arthur Feher, Jr., the now-deceased former president of Members, obtained 1.4 million shares of unregistered Members stock in sham transactions designed to circumvent the registration provisions of the federal securities laws. In one transaction, Feher allegedly caused Members to issue 200,000 shares to his nominee, a 96-year-old retired nursemaid who lived with him in Florida. In an effort to invoke Regulation S, which provides exemption from registration for sales made abroad, Feher allegedly caused Members to issue the stock to the woman as payment for consulting services that she had not performed, and moreover caused records to reflect that she lived abroad. The complaint alleges that the unregistered stock was deposited in nominee accounts at Union Securities in Vancouver, British Columbia, where Gilbert worked as a stockbroker.
The complaint alleges that Sung, Feher, Moore, Lanza, and Gilbert met in Boca Raton in May 1992 and agreed to undertake a series of actions to raise Members' share price artificially, to sell more than one million shares of unregistered Members stock that Sung and Feher controlled at Union Securities, and to share the proceeds from the sales. Members thereafter allegedly issued various false and misleading press releases about its involvement with companies tha were developing synthetic blood and producing oil and gas. The complaint alleges that, in one press release, Members falsely stated that it had acquired a synthetic blood company when, in fact, it had not. In another press release, Members allegedly predicted that drilling on its oil and gas properties would generate substantial revenues, but the release failed to disclose that there was no reasonable basis for the prediction.
As part of the alleged scheme, Moore and Payne caused Wall Street strategies,a New York Investment advisor, to recommend the purchase of Members stock to its clients, and Lanza recommended the purchase of Members stock to others. According to the complaint, Wall Street Strategies, Payne, and Moore failed to disclose the compensation that they received for promoting the stock. The complaint alleges that Lanza was paid at least $540,000, that Moore was paid $282,000, and that Payne was paid nearly $70,000 for promoting the stock. The complaint also alleges that First New England Securities, a Boca Raton brokerage firm that Silseth controlled, sold Members stock to customers at prices that included excessive, undisclosed compensation to the brokers.
Check with Lou. I'm sure he can tell you what's afoot - if he hasn't already.
Posted by: maverick one
In reply to: None Date:7/30/2007 7:43:14 PM
Post #of 8015
57 TBird...are you for real amigo? Because it is certainly obvious too me you are here for only 3 reasons buddy.
#1 You do not beleive a word that comes from Joe...which is your opinion... I then wonder why do you go on and on attacking the man, management and the company in whole? Why are you here? OH LOL...but we all know why you continually bad mouth the company and it's management now don't we? You certainly are one of the "bad guys" on here my little Tijuana 3 legged 1 eyed Chihuahua or we can nickname you Fluffy the Fluffmaster. You absolutely offer nothing but BS on a daily basis of attacking the company and management with nothing backing up your fluff attacks. For every post that you post the more we know your scheme and it's not passing the French Mustard test I'll tell you pal. Nothing would make me happier to see you go away LOL. If this emboldens you then we all know you have a possible problem with #3 below.
#2 You ran out of kotexes this morning when went you went to the bathroom and you realized you are really not a women...after you looked in the mirror and the wig you were wearing was hanging off the backside of your head with your lipstick and mascara were smudged and running and the beard showed through your rouge. Go figure buddy LOL. That's about as much as I believe your verbal assaults and attacking constantly 24/7 ful lcourt presses with negative barrages on a daily basis on the company and the management.
3. Your not regular on a daily basis and everytime you post here it is because your bowels are swollen and red with major irritation. Everytime you post that's what I'' think forever LOL...everytime I read these posts attacking Joe, BDGR and Lou on here I just howl because you and a few others stick out so bad that you can be scene from the Space Shuttle orbiting the earth. I'm as happy as life can be...you on the other hand are a very miserable human being. Get a life! But we all know you have none because with every stroke on your keyboard your burying yourself in more poop than you can scoop LOL.
The Mav
Posted by: maverick one
In reply to: None Date:7/30/2007 7:43:14 PM
Post #of 8015
57 TBird...are you for real amigo? Because it is certainly obvious too me you are here for only 3 reasons buddy.
#1 You do not beleive a word that comes from Joe...which is your opinion... I then wonder why do you go on and on attacking the man, management and the company in whole? Why are you here? OH LOL...but we all know why you continually bad mouth the company and it's management now don't we? You certainly are one of the "bad guys" on here my little Tijuana 3 legged 1 eyed Chihuahua or we can nickname you Fluffy the Fluffmaster. You absolutely offer nothing but BS on a daily basis of attacking the company and management with nothing backing up your fluff attacks. For every post that you post the more we know your scheme and it's not passing the French Mustard test I'll tell you pal. Nothing would make me happier to see you go away LOL. If this emboldens you then we all know you have a possible problem with #3 below.
#2 You ran out of kotexes this morning when went you went to the bathroom and you realized you are really not a women...after you looked in the mirror and the wig you were wearing was hanging off the backside of your head with your lipstick and mascara were smudged and running and the beard showed through your rouge. Go figure buddy LOL. That's about as much as I believe your verbal assaults and attacking constantly 24/7 ful lcourt presses with negative barrages on a daily basis on the company and the management.
3. Your not regular on a daily basis and everytime you post here it is because your bowels are swollen and red with major irritation. Everytime you post that's what I'' think forever LOL...everytime I read these posts attacking Joe, BDGR and Lou on here I just howl because you and a few others stick out so bad that you can be scene from the Space Shuttle orbiting the earth. I'm as happy as life can be...you on the other hand are a very miserable human being. Get a life! But we all know you have none because with every stroke on your keyboard your burying yourself in more poop than you can scoop LOL.
The Mav
"Could I or yankee be President and COO and you be VP and LGL8054 be Legal council?"
You have my vote.
But could you work for Lanza?
Could you do his bidding?
Could you make it appear that you were distanced from him in day to day operations - or would you cow tow to his personal desires to keep the Lanza family travelling in private planes to Dallas and the like?
Could any of us actually "work" for Lanza and remain honest?
Could any of last working for Lanza if we were honest?
Could you avoid being fired for not doing what may not be right?
Could you avoid being fired for doing the right thing which resulted in Lanza's cash cow being disturbed or adversely affected?
DEEP questions.....
Anything is possible. Selling yesterday and buying today is usually done by day traders, not by companies churning their own stock....but....
Just for the fun of it -
If Lou was announced as VP Marketing
If Spunky was announced as VP Operations
IF MillionaireDreamer was announced as CFO
and IF Marsnvest was announced as VP Field Operations
BUT Lanza remained as CEO -
Would you be:
1) Happy knowing some Honest folks were available
2) Confused and Unknowing of who was giving directions
3) Delighted to see Competency installed
4) Completely Unsure of what to think
5) Disgusted that Lanza could still control and possibly fire anyone at will
6) Wait for 2007 audit before rendering judgement
7) Wait until a friendly Acquisition was announced
Hell NO!
Posted by: maverick one
In reply to: None Date:7/30/2007 7:43:14 PM
Post #of 8003
57 TBird...are you for real amigo? Because it is certainly obvious too me you are here for only 3 reasons buddy.
#1 You do not beleive a word that comes from Joe...which is your opinion... I then wonder why do you go on and on attacking the man, management and the company in whole? Why are you here? OH LOL...but we all know why you continually bad mouth the company and it's management now don't we? You certainly are one of the "bad guys" on here my little Tijuana 3 legged 1 eyed Chihuahua or we can nickname you Fluffy the Fluffmaster. You absolutely offer nothing but BS on a daily basis of attacking the company and management with nothing backing up your fluff attacks. For every post that you post the more we know your scheme and it's not passing the French Mustard test I'll tell you pal. Nothing would make me happier to see you go away LOL. If this emboldens you then we all know you have a possible problem with #3 below.
#2 You ran out of kotexes this morning when went you went to the bathroom and you realized you are really not a women...after you looked in the mirror and the wig you were wearing was hanging off the backside of your head with your lipstick and mascara were smudged and running and the beard showed through your rouge. Go figure buddy LOL. That's about as much as I believe your verbal assaults and attacking constantly 24/7 ful lcourt presses with negative barrages on a daily basis on the company and the management.
3. Your not regular on a daily basis and everytime you post here it is because your bowels are swollen and red with major irritation. Everytime you post that's what I'' think forever LOL...everytime I read these posts attacking Joe, BDGR and Lou on here I just howl because you and a few others stick out so bad that you can be scene from the Space Shuttle orbiting the earth. I'm as happy as life can be...you on the other hand are a very miserable human being. Get a life! But we all know you have none because with every stroke on your keyboard your burying yourself in more poop than you can scoop LOL.
The Mav
Posted by: maverick one
In reply to: None Date:7/30/2007 7:43:14 PM
Post #of 8003
57 TBird...are you for real amigo? Because it is certainly obvious too me you are here for only 3 reasons buddy.
#1 You do not beleive a word that comes from Joe...which is your opinion... I then wonder why do you go on and on attacking the man, management and the company in whole? Why are you here? OH LOL...but we all know why you continually bad mouth the company and it's management now don't we? You certainly are one of the "bad guys" on here my little Tijuana 3 legged 1 eyed Chihuahua or we can nickname you Fluffy the Fluffmaster. You absolutely offer nothing but BS on a daily basis of attacking the company and management with nothing backing up your fluff attacks. For every post that you post the more we know your scheme and it's not passing the French Mustard test I'll tell you pal. Nothing would make me happier to see you go away LOL. If this emboldens you then we all know you have a possible problem with #3 below.
#2 You ran out of kotexes this morning when went you went to the bathroom and you realized you are really not a women...after you looked in the mirror and the wig you were wearing was hanging off the backside of your head with your lipstick and mascara were smudged and running and the beard showed through your rouge. Go figure buddy LOL. That's about as much as I believe your verbal assaults and attacking constantly 24/7 ful lcourt presses with negative barrages on a daily basis on the company and the management.
3. Your not regular on a daily basis and everytime you post here it is because your bowels are swollen and red with major irritation. Everytime you post that's what I'' think forever LOL...everytime I read these posts attacking Joe, BDGR and Lou on here I just howl because you and a few others stick out so bad that you can be scene from the Space Shuttle orbiting the earth. I'm as happy as life can be...you on the other hand are a very miserable human being. Get a life! But we all know you have none because with every stroke on your keyboard your burying yourself in more poop than you can scoop LOL.
The Mav
Spunky - I'm not sure you have your facts straight re Barry M.
My understanding does not match what you are saying.
Be careful - read what Barry had to say about Lanza- anyone doubting the accuracy of his declarative statements needs to have their head examined.
Not everyone on this board shares the same agenda you and I do.
Keep that foremost in mind.
If I told you that BD was currently cash flow positive, would you call me a pumper?
If I told you how Ellis came to be instated, would you label me a pumper?
If I told you how many shares were outstanding would you (or anyone else) label me as -