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thank you kindly...
your a piece of sh*T...
20 messages in 5 days on BDGR board.. all far from positive...
do you have shares... why are you so negative...
ohhh... yah...
get outta here bud..
Great PR followed by the selling of 500,000 shares in like 15 mins... starting to get a bit dry....
PR:
Black Dragon Updates on Current Developments and Reiterates Positive Outlook for Second Half of Year
MONDAY, JULY 30, 2007 9:54 AM
- Market Wire
BDGR
0.065 +0.0015
Enter Symbol:
Enter Keyword:
OIL CITY, LA, Jul 30, 2007 (MARKET WIRE via COMTEX) -- Mr. Joe Lanza, President of Black Dragon Resource Companies Inc (PINKSHEETS: BDGR), today provided further detail on some key developments at Black Dragon. Mr. Lanza also expressed his dissatisfaction with the current share price, stating, "It is clear that Black Dragon is significantly undervalued at current levels. While this is disappointing, I am very confident that the share price will correct itself as the market becomes increasingly aware of Black Dragon's worth."
With that in mind, below are a number of key points which should assist in returning the PPS to more realistic levels.
-- Shares Outstanding - Black Dragon has currently 99M shares o/s. The
company has issued more shares in order to finance the cost associated with
turning on more wells. However Black Dragon intends to be cash-flow
positive this August and hence will not need to return to equity market to
raise capital unless an exceptional production opportunity arises which
require investment. As revenues increase, and Black Dragon become more Cash
Flow Positive, Management plans to buyback 50% of outstanding shares.
-- Financing: A loan on assets is being looked at which will make
available the financing needed to turn on more wells. More details will be
provided in upcoming PRs.
-- Audit: As stated in our last PR, the accounting firm of Malone and
Bailey are auditing our figures. The latest date for completion of the
audit is September 28th 2007.
-- Current Production: Just under 600 oil wells are currently online and
producing. Management would also like to make it clear that, as of this
week, there are over 7k barrels of oil not yet picked up. These are outside
of normal production.
-- Future Production: By year end, we are on track to have 900 wells
pumping and to be producing over 1,000 Barrels a day. Black Dragon is
reaping the benefits of using the most innovative systems to enhance our
production whilst driving down operating costs. Our Director of Operations,
Mr. Mike Ellis is applying groundbreaking processes to achieve lowest
dollar per foot and/or highest equivalent barrel of oil per foot in
horizontal and multilateral well drilling.
Recently published financials have demonstrated consistent revenue growth. See Black Dragon website for financials and other recent news and developments -- as well as bios of our committed management team. http://www.black-dragonoil.com/ Management plans to continue aggressively growing the company and adding to their staff of highly qualified and experienced Oil Industry personnel.
About Black Dragon:
Black Dragon Resource Companies, Inc. is an oil and gas production company currently focused on the acquisition of mature, producing and existing domestic oil and gas fields. The Company's present focus on mature, domestic oil fields eliminates exploration risk, reduces costs of completion, and provides rapid generation of income in a niche market where larger independent and major oil companies are not positioned to compete.
Forward-Looking Statements
Certain information discussed in this press release may constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995 and the federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that its expectations will be achieved. Readers are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements are inherently subject to unpredictable and unanticipated risks, trends and uncertainties, including, but not limited to, the continued production of gas at historical rates, costs of operations, delays, and any perceived benefits from existing oil and gas field properties, actual reserves and revenues to be derived from the reserves, plans to drill additional oil and gas wells, anticipated revenues, the acquisition of additional oil or gas leases, maintaining mineral lease rights, difficulties related to producing oil and gas, continued maintenance of the oil field and properties, price of oil or gas, marketing and sales of produced minerals, risks and effects of legal and administrative proceedings and governmental regulation, future financial and operational results, competition, general economic conditions, and the ability to manage continued growth. In addition, the Company's ability to produce audited financial statements, its ability to accurately forecast its operating results; its ability to achieve profitability or generate positive cash flow; the availability of financing; and other risks associated with its business are uncertain. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
Contact:
Joe Lanza
President
(318) 995-0710
bdgr@bellsouth.net
Have you been compensated any shares by BDGR over the past few months since you became director?
very nice trade local....
out as of last week.. this thing keeps touching new lows.. sick of pinkie scams.. unfortunately history repeats itself IMO and the ibox should of been a bigger warning sign for me...
"When doing your DD on Pacific Financial Solutions Inc. it's almost guaranteed it will lead you back to a time when PFUO was being associated with another company: "PayStar Corp", and some of PFUO's current officers were involved with both companies at that time. But that was the past. By name this is the same company. However, when it comes to doing business, and building a strong company, PFUO of today is a completely different company."
hahaha yah ok....
wtvr my mistake... for the sake of all of you I hope I am wrong... but lowman is what brought this stock that past little run up to .02 and now he's pulled it off his list.. so something is wrong in his eyes aswell...
unfortunate... this is one sick puppy that needs some serious help...
k you want my HONEST opinion.... so you can sell too.. well here yah go... ill help you along with the 'click' of that button since its what you want...
im getting sick and tired of this shit...
icecoldstocks.com was hired to promote BDGR which is why we saw the rise to .13 for a couple days.... here is the link and the article...
http://www.topstockguru.com/board.php?s=BDGR.PK&msg=1&options=yes
Posted by: IceColdStocks.com Hidden Date: 06/27/2007 - 8:14 AM
# of 1
BUY BDGR.PK at $0.06
June 21 - First mentioned at $0.07.
June 21 - Ice Man's Notes: The company is in the midst of a 10 percent buyback. There is a possibility of an in-house fight to take over the company. The Ice Man would like to let the dust settle. There is good value in this company, but we would like to see them get the 5M they need to drill the other 1100 wells. The company will be cash-flow positive in June, but we need the dust to settle just a little before getting aggressive.
The Iceman is waiting to see further developments in the company before buying.
Ice Man's Position: ICS has been compensated 3.5M shares as compensation from a third party.
http://icecoldstocks.com/index.html#hot_stock_picks_2
i believe the iceman has now liquidated his position since he is no longer promoting and which is what the heavy selling pressure has been over the past few days as he was compensated 3 million shares for the promotion... yah I RE-FUCKING PEAT 3 million shares... who the fuck paid for those... better not of been the company... if so, however many were sold in the run up will = how low we dip down from added pressure... there is no reason he should of been compensated that.... could of only been one way he got those...
i'm going to hold even though i kno it's going down, because I am an incompetent investor...
but it's going down.. because thats what it was doing before the pump and now nobody is pumping so why would it go up... this thing goes nowhere on pr's.. it needs someone behind it... you could pr that BDGR just found a billion wells and people would just laugh... bad situation here..
now you can sell... goodbye...
this thing has so much going for it and could be so much, but its just getting fucked up....
this is the reason i want lou to answer my question about the O/S.. there is no reason he shouldn't be able to...
Lou, as a director, you have full access to the O/S count and could easily phone the transfer agent and have them divulge the information to you if you don't...
Could you please tell me the exact O/S count as of Friday the 20th or Monday the 23rd of July, 2007....
Thank you for wanting to provide transparency for the shareholders.. Hope this question isn't too much of a hassle as I don't think it should be...
why hasn't this thing started flying yet???
yah i think i kno what or who that came from...i think u and millionnaire do to, with your talk about iceman? kinda of upset about that...
OT: the boards are a huge impact on a share price.. anyone who says different is a moron...i'm not talking about the RIM stocks, im talking about the WRNW penny pinksheet lottery stocks..
how many of you have been in stocks that are rising little bit, little bit, but as soon as it hits top 10 on ihub, they fly....
how many countless times has there been HUGE runs in stocks then some anonymous poster jumps on the board and posts something along the lines of " O/S increased 10 mil today" or "A/S just doubled" "rumor has it this company is getting sued by so and so" wtvr it may be and moments later few people selling "just in case" they convince themselves, then panick sets in and whole bunch more sell, people not reading boards wondering wtf is going on start deciding to sell for wrong reasons and pow company's run is over...
i have seen these scenarios happen countless numbers of times in the short period in which I've been trading and anybody who says the boards have no effect on a share price is most definately WRONG!!!
people go to the boards for information, good, bad, confirmable, not confirmable etc... just like everyone who is reading this...
its just another step in the dd... and to see tons of negative info or any other form of bashing, its just another unnecessary red flag...
if you don't think the boards do anything, then why are there paid bashers?
The dragon's looking more and more like an absolute bargain here...IMO
JUNE:
"today announced that 63 more wells were made operational in June, bringing the Company's total to 513 wells."
"Currently, production is averaging .5625 barrels a day per well."
513 * .5625 * 30 = 8656.875
"Gross production was 8,618.40 for June.."
JULY:
"management today announced that it has set a goal of having 600 wells, each producing at an average of 60% of a barrel by the end of July."
600 * .60 * 30 = 10,800
"Management expects to kick off the 2nd half of 2007 in July with numbers based on over 9,000 barrels of gross production."
"Management estimates that if these goals are reached, the Company will be running cash flow positive"
** side note ** (for that 10,800 barrels)
@ 9000 = cash flow positive
& once that happens:
FUTURE:
"It is the intention of Black Dragon, once it is cash flow positive, to buy shares back every month until it has retired 50% of the float."
O/S = 68,656,647 (pinksheets)
Float: 47,380,365 (pinksheets)
/ 2 = 23,690,182
68,656,647 - 23,690,182 = 44,966,465 future O/S
isn't it all just coming together nicely??... lol
Management reported that the Company will become cash on cash profitable at 9,000 barrels sold per month. Currently, production is averaging .5625 barrels a day per well. With the addition of Mike Ellis to the team, management believes production can be increased to over 5 barrels a day per well......"
"Taking into account eventually having 1,200 wells in production..."
1200 * 5 * 30 = 180,000 barrels per month...
cash flow positive company at 9,000 barrels, pumping 180,000+ barrels a month with O/S of less than 45 million shares???
lol
i'm in..
i'm looking to pick up a few more on Mon / Tue... My average cost / share is similar to yours... I'm at .127 core but i want to try and get mine under .11... bought a few about a week ago for .059 and sold them at .11 to get into PFSW which I think is going to do well over the next month or so... but now I guess I'll be looking for those same ones back for not much, cheaper.... wasn't sure if it was going to hold the pop, but it has done so very nicely... post 7012 shows basically what i wanted to happen technically for the charts... so far it is happening better than expected... my personal opinion is that this thing is going to start impressing a few people soon...
good summary spunky...
FROM THE PFSW PAGE: (some pretty intersting things someone took the time to put together)
With over $400 million in sales and a Price/Sales ratio of 0.1, PFSW:NASDAQ IS THE MOST UNDERVALUED INTERNET STOCK BY EVERY MEASURE.
PFSW has all the ingredients to be the next Internet multi bagger like MAMA or ZVUE:
1)HUGE DISCOUNT TO SECTOR: Trades at a HUGE discount to other Internet stocks. PFSW has a Price/Sales ratio of 0.14 compared to an Industry average of 1.76.
2) VALUATION: If PFSW ACHIEVES "TYPICAL" VALUATION OF 12 X EBITDA IT WILL BE A $4 STOCK. PFSW earned $3 MM EBITDA last quarter before one time charges and should conservatively earn $15 MM annually EBITDA going forward.
3) ECOST BENEFITING FROM BOOMING ONLINE SALES: ONLINE SALES ARE FORECAST TO GROW 25% THIS HOLIDAY SEASON. Amazon.com and other online retailers have announced that the 2006 holiday season was the best ever.
4) TURNING PROFITABLE IN Q4 2006: PFSW is on pace to be SOLIDLY PROFITABLE in Q4 2006, which is by far its STRONGEST quarter.
5) EACH of PFSW 2 divisions, Business-Ecommerce consulting and its ECOST online subsidiary, are worth more than PFSW current $60 MM market cap. Prior to being aquired by PFSW ECOST HAD A $300 MILLION MARKET CAP AT ONE POINT!!
6) PFSW's bottom line results will show SUBSTANTIAL improvement going forward- PFSW cost base will be SUBSTANTIALLY lower going forward as it has slashed overhead and completed the integration of its ECOST aquisition.
7) Insiders have purchased Over 170,000 shares in last 3 months.
8) PFSW will be a strong benificiary of the "January Effect" which is strongest for undervalued small cap stocks.
PFSW has now turned the corner to sustained profitability and exponential growth by leveraging the power of the Internet. Internet stocks that have achieved sustained positive cash flow and earnings have been the hottest sector (ASKJ:NASDAQ rose from $1 to $55 after attaining positive cash flow in 2002).
PFSW - PFSweb Announces Preliminary Second Quarter Sales For eCOST.com
PFSweb, Inc. (Nasdaq:PFSW), a global provider of integrated business process outsourcing (BPO) and web commerce solutions, announced preliminary unaudited revenue for its wholly owned subsidiary, eCOST.com, for the quarter ended June 30, 2007.
eCOST.com expects to report revenue of approximately $26 million for the second quarter of 2007. On a sequential basis, revenue increased from $21.6 million for the first quarter of 2007 and $21.1 million for the fourth quarter of 2006.
"eCOST.com's second quarter sales have noticeably increased quarter-to-quarter, and we believe that the quarter-to-quarter comparison is a key measurement of our turn-around progress. Further, we believe this quarter's revenue growth will contribute to an improved bottom-line result for eCOST.com as compared to the prior two quarters," stated Mark Layton, Chairman and CEO of PFSweb. "The continued positive trends that eCOST.com has experienced so far this year offer initial verification that the changes we have implemented are working. These changes include improved customer service, enhanced web site functions and an expansion of the number of available products to more than 100,000 SKUs in a wider variety of categories."
PFSweb develops and deploys integrated business infrastructure solutions and fulfillment services for Fortune 1000, Global 2000 and brand name companies, including third party logistics, call center support and e-commerce services. The company serves a multitude of industries and company types, including such clients as LEGO, Riverbed, Fathead, CHiA'SSO, FLAVIA Beverage Systems, Hewlett-Packard, International Business Machines, Hawker Beechcraft Corp. (formerly Raytheon Aircraft Company), Rene Furterer USA, Roots Canada Ltd., and Xerox.
PFSW - nice news posted yesterday... chart looks great...
OT: PFSW had a pretty amazing PR yesterday.. might be the start of a massive turn around... feel free to check it out..
From the PFSW home page...
With over $400 million in sales and a Price/Sales ratio of 0.1, PFSW:NASDAQ ($1.10) IS THE MOST UNDERVALUED INTERNET STOCK BY EVERY MEASURE.
PFSW has all the ingredients to be the next Internet multi bagger like MAMA or ZVUE:
1)HUGE DISCOUNT TO SECTOR: Trades at a HUGE discount to other Internet stocks. PFSW has a Price/Sales ratio of 0.14 compared to an Industry average of 1.76.
2) VALUATION: If PFSW ACHIEVES "TYPICAL" VALUATION OF 12 X EBITDA IT WILL BE A $4 STOCK. PFSW earned $3 MM EBITDA last quarter before one time charges and should conservatively earn $15 MM annually EBITDA going forward.
3) ECOST BENEFITING FROM BOOMING ONLINE SALES: ONLINE SALES ARE FORECAST TO GROW 25% THIS HOLIDAY SEASON. Amazon.com and other online retailers have announced that the 2006 holiday season was the best ever.
4) TURNING PROFITABLE IN Q4 2006: PFSW is on pace to be SOLIDLY PROFITABLE in Q4 2006, which is by far its STRONGEST quarter.
5) EACH of PFSW 2 divisions, Business-Ecommerce consulting and its ECOST online subsidiary, are worth more than PFSW current $60 MM market cap. Prior to being aquired by PFSW ECOST HAD A $300 MILLION MARKET CAP AT ONE POINT!!
6) PFSW's bottom line results will show SUBSTANTIAL improvement going forward- PFSW cost base will be SUBSTANTIALLY lower going forward as it has slashed overhead and completed the integration of its ECOST aquisition.
7) Insiders have purchased Over 170,000 shares in last 3 months.
PFSW - huge news yesterday...
PFSW - headed up nice and strong...
PFSW - nice PR yesterday...
almost a million got shit*ed out at .10 in like half an hour and they were all gobbled up, pretty quick... i'd say someone's gotta know something..
basically, the chart issue as I see it..
As you can see below, BDGR had a problem staying above the 50MA (blue line) in '05.. However in early '06 it broke the 50MA resistance which became support as you can see the bounce off in March and led all the way up to over $2.... Around June, fell through 50MA support and has again had a problem getting over that resistance ever since..
more recently, stock has again tested the 50MA (blue line) but has just not had the momentum to go through it and use it as new support... we rested on the 50MA on Friday with dual MM bid support at .105.. IMO, if we can stay above this line, next test is the 200MA, currently at .25, which shouldn't be much of a problem... then its off to the races...
IMO, technically, this is a big week for BDGR.. If she can stay above .105, I feel we have a serious run due....
Keep 'er above .105...
Da Dragon Bout to tear a new a**hole in pinkie land... you want on? or you want your a**hole torn?
Welcome Aboard...
BDGR is on the move.... important week for the dragon...
yep, not quite the $1 yet, but its coming...
break the 200 MA and goodbye...
WHITE CLOSING MARUBOZU
Type: Reversal/Continuation
Relevance: Bullish
Prior Trend: N/A
Reliability: Low
Confirmation: Required
No. of Sticks: 1
Definition:
The White Closing Marubozu is a single candlestick pattern characterized by a long white body with no upper shadow. This is an extremely strong bullish candlestick pattern.
Recognition Criteria:
1. A White Closing Marubozu has a lower shadow but no upper shadow.
2. The day opens, the prices then slightly go lower creating the lower shadow but then prices continue to go up all day thus forming a long white day.
3. The day then closes at the high of the day and hence with no upper shadow.
Explanation:
The White Closing Marubozu is a single candlestick pattern characterized by a long white body with a shadow on the open and but no shadow on the closing end of the body. This candlestick shows that the day opened and then prices went lower slightly, however it was followed by a rally that drove the prices over the opening price and the rally continued all day ending with a closing price equal to the high of the day. Hence the bulls were very strong during the day except the initial phase of the session. The bull strength caused some concern among the bears leading them to cover their short positions thus adding fuel to the rally.
http://www.candlesticker.com/Cs15.asp
what a day for da dragon...
good shit ahead...
congrats to all those who hung in despite all the futile bashing attempts and kept loading the boat in the .05's...
woooooooohoooooooo buddy
close at HOD.. as bullish as possible... tomorrow is going to be ridiculous.... Friday's have always been good for da dragon...
othmane and oil export, take those shitty picks to their respective boards or a pump board... not for the BDGR board...
BDGR -- heavy action today... PR tomorrow?
BDGR looking more than good....
IMO very very cheap prices right now...
BDGR - up 20% on huge volume... no news... something coming?
BDGR - up 20% on huge volume... no news... something coming?
BDGR - up 20% on huge volume... no news... something coming?
da dragon continues... 3.5 mil & up 20%...
lets get this fuc*in sh*T movin.... wooooooh...
any opinions on whats causin this or what PR we may see tomorrow?
some shorts, covering??
meh, lol
go baybe go...
almost 2 million of pure buying this morning already and up almost 10%?? okay, what did i miss? .. lol ...
lets go BDGR... get back to dollar land where you should be my boy... the uptrend begins....
i can obviously not disagree with an audit, but that's another issue...do you not feel that all this would be pre-mature considering the unknown outcome in September?... + you want to remove Lanza right before the case? you want to get him off the hook? lol..
it would seem more rational to let it play out... If BDGR loses, let Lanza sink with his ship, and if it wins, put someone in place and continue forward.. maybe I am wrong but it just seems pre-mature and unnecessary to stir up some sh*T at this point in time... I agree with everything that you want for BDGR, I am just not sure if it shouldn't come after the case plays itself out... what is going to happen in the case is going to happen, whether Lanza is in charge or not... my opinion..
okay really quickly... (crude but whatever... quick est..)
"Gross Revenue for 2006 was $2,482,219.69..." and "$620,000 for the first quarter of 2007".. With the amount of new wells being put on and drilling being done and now with Ellis running it all, I do not feel it is at all unreasonable for BDGR to reach $3.5 - $4 mil for '07... Keep 65% of $4 million due to royalties, production costs etc.. and your left with $2.6 mil... that into 68 million shares since there is no confirmation of any change = .03823 * 25 for multiple = $.96 / share ... This doesn't even account for the value of the leases or however many more wells can be drilled and what will be the findings... Ellis will probably shock us all and light a fire under productions ass.. but based on what I know we have now, I think we should be at least $1 range.... add a little hype.. $2 why not, it was there a year ago...
what do you think it should be valued at?
your right, September is right around the corner, so all I'm saying is no need for impatience or rash decisions on anyone's behalf.. I feel one way or another we will win... Then what's that 5 cent chub change stock you bought going to look like?? Bills buddy...lol.. bank it..
The Dragon will be fine....
There is nothing that any one of you can do right now... We have to wait until September and the results of the pending litigation with OMOG...
IMO, It would be pretty stupid of one of you to put "our" company through another suit at this point in time... But your free to do as you wish.. Again, this will not change the fact that September is still approaching and will have to be dealt with when it comes... If BDGR loses we have nothing, if we win, back to $2 a share...
I'm sure many of you see it very differently, thats how I see it...