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One thing we know is the reserves are not worth 2.7 billion.
Why does everyone call Lanza fat? We all know he is loading the truck with mooola from selling stock.mo
JOE!!!! Please take the poloroid and get us a few pictures of our rusty tanks and well Heads. While it is available, snap a quick shot of the office and our happy employees. We sure want to put a face with the names of those running the show. TIA ROX
It has zero for a market cap. No audited financials nor reserve numbers for the leases they "own"
I know you will jump on me about the financials.But, after all these years of operating numerous businesses you would think Joe could get his paperwork straight. All it takes is getting paperwork responding to each check he writes. Also, corresponding paperwork for any cash he pays out. Just something to show the money went to business expenses and not into something questionable.
Audited financials would come easy if they have the records on Quick Books or some other simple program.Other companies do this !!! Why can't we????????????????
Great news. This could be a reversal.
Bad News. This could tick down one tick from lack of buying resulting in a no bid situation.
My bet it keeps going down. We spent money on some leases to drill when we are not in the drilling Business. Not a good use of money in my opinion.
As for a lineup on the bid with these penny stocks you can't really put any faith in what they show. FWIW, There is an investigation in regards to bid stacking when they all seem to disappear at once on big board stocks. Bunch of manipulation on all fronts.
Just thought it may mean something since the FEDS want him in the courtroom in regards to manipulating this stock.jmo
I'm not tyring to marry them. Just they have "met" each other before. And now the feds have him in their scope for manipulating this stock.
Good deal. I was just asking you since the other pumpers have disappeared and have not stepped up to address my concerns and questions. CHEERS!!!!
Also,"So you too agree that it may pop a little?"YES
the risk of investing more money into this pos means you are looking to hang another person with your shares and head for the exit. Thus leaving them holding the bag without a chance of breaking even.
Running out of posts ...
Slo, I hope you can tell me one day I was wrong and you benefitted from this investment.
Croc, I can use your help. Not sure if you saw an earlier question I had. If at all possible can you explain to us how we are going to drill wells when one of the reasons to buy this stock is the company doesn't drill wells? TIA
You are welcome. Glad to help you see the light.
BTW, when say group I don't mean a group like a sewing group who listened to someone around here and bought shares. What I mean is a type of investor. You know investors fall into different catagories. maybe you don't since you are a flipper not an investor torting this as something good so you can dump your shares on them.
As for asking for a 3 year chart I was about to but I had one more hair to pull out when I figured it out for myself. Thanks for offering I'll let you know If I can use your expert help in the future. Cheers!!!
The average shareholder doesn't know everything. Such as when the pouring of shares on the street will end? When the next Pr is going to be released. And the biggest issue of "is the Pr true or false?
All this info makes it easier for others to make money while you sit and wonder what happened.
My guess is some of the buying is from those in the know that theremay be no R/S until the selling has stopped. Thus a possibility of a little pop.
Another group thinking they can pour more money in to average down and thus being able to make this a not so complete failure.
Another group may see the wonderful PRs and think this is a viable company doing some wonderful projects. In other words they are sheeple who did not do their DD.
I'm not sure how restricted shares are brought on to the street but this may be some of the volume.
This is ome of my guesses what say you???
BTW "all this buying" is less than $4000.00 . At this rate is 25 billion shares going to be enough to raise a million dollars?
Had someone warned you not to get in and you heeded their concerns you would be a happier guy.
What the problem is others will be taken advantage of in the future.
For instance we are to be drilling 10 million dollar shale wells to produce gas(not oil) this is from one of their fluffy PRs.
When you go to the web site you read this...
"•The company has no exploration risk. Black Dragon's portfolio contains an ever-increasing number of producing wells. "
So how can you drill wells when you don't drill wells. I guess they drill pockets is what they are really trying to say.JMO
Pretty cool chart!!! I changed it to 3 years and noticed something. The share price crosses below the tops of the volume bars. Any name for for this in the charting world?
If not, we could call it the crash and burn!!!
The price crashes to zero and the dust erupting from the catastrophic impact is represented by the huge eruption in the volume bars. Wow I'll have to put your post in my favorites to show others. Thanks!!!
I realize there are always going to be Nay Sayers. It is getting clearer to me after having the same senario play out at home as you are having.
What is becomes evident is a nay sayer may spout something contrary to your to da moon thoughts. They can do it in a couple of ways. One is say you are plain dumb, need to go back to grammer school, or learn to read charts. This type of guy is just a Bully.
The other nay sayer you need to to listen to is one who touts what he calls facts. If these facts are contrary to what you believe it would be worth your time to do a little DD and see if you are on the wrong track.
Had I done my DD and verified prior to getting involved in Lanza's affairs I would be a much richer guy. LOL
"with something to offer"
If they had hundreds of thousands in capitalized legal fees in their asset column would this add anything to their value? If so how much would a bank loan you for say $100,000.00 in capitalized legal fees?
I ask this because they should have a some legal fees from the past.
BTW, I am not stalking you. For some reason you don't belittle me when I ask questions and give me some great answers. Thanks!!!
Boy do I feel your pain!!!!
As for a class action suit it would require some donations to hire the lawyer.
Bennie, here is what my crystal ball says.
They continue to dump till the Sheeple have choked down all the shares they can. Next comes the cease in selling shares and with some of the money they have taken from the sheeple they start buying stock like crazy. New investors will see a little run ,be delivered a todamoon PR and pile on. Since noone will want to sell till it gets to .0004 BDGR will wait till the ask is .0004 and then do a 1/10000 R/S. Now you do the math ; thats is some pretty SP. Too bad what shares the shareholders have don't amount to much of anything. The shares they have prior to the R/S is 1/10000 less after.
What happens is any investors prior to the R/S get tossed to the curb.
How does this benefit the company? I'm sure they have been given shares( Possibly many many shares.) for all the hard work they have done.Or they have loaded up at .0001 . So they dump those shares after the R/S ...load their bags and start the process over again.
And Ben this is just my Humble opinion. Time will tell if my ball is working or broken.
"LOL Have you ever heard the story about the Boy who Cried Wolf?"
Crocodileman, It is really a pity Ben cries wolf. He seems to tell it like he sees it. Maybe you could help me with something and give your best guess estimate.
I was wondering how much the value of this company has gone down in the last year? As I see it the share count has gone up 2500% AND BDGR HAD TO RETURN WELLS IT HAD ON IT'S BALANCE SHEET. What kind of haircut does this represent ???TIA
The Brass Tacks!!!
This needs to be in the Sticky section. How bout it Mods??
"25 Billion A/S Confirmed! Where will it end? This makes a steeper hill for pps. You better get comfy with .0001 because it will be hard to compete against the dumpster."
Wouldn't BDGR be on the Reg Sho list if there was a short here?????
Why say the shorts could be covering when there is no evidence there is a short?
The way the Reg Sho list is squeeky clean revolves around this cloud hovering around the AS and OS discussion.
To me the company is keeping those numbers updated and thus there is no sense shares are hitting the streets, Most times a company shows up on the Reg Sho list when they are doing a funding and sweeping shares out the back door and not updating the records.
These guys are getting craftier in their dilution process.
I hope they have all their paperwork straight with the funding group. If not there could be a takeover.Things like that have happened in the past. JMHO
I hope I don't appear to be it be saying the same thing over and over. If so I'll change it up and say. To da moon with this great stock ready for a huge move as seen in the charts and new prs on their way!!!!!!!!!!!!!
Have you emailed, called, and registered mailed those in the know? It may come in handy to have a paper trail when Mgt. starts squeeling like 1St. grade school Girls saying, "no one ever asked us for that information".
My guess it is hard to get an accurate share count. The number appears to be increasing faster than the cents number runs on a gas pump. Just my opinion since no one can verify any numbers.
Who the heck is Fred? Anyone ever met him??????
Here is the link to where securities Exchange was looking into Jeff and his involvement in Grand.
http://www.sec.gov/litigation/litreleases/2008/lr20830.htm
http://www.justice.gov/usao/nv/victim_witness/case_updates.html
Any idea Gail what this means to GMSC?
Good day Cork!
Gold and silver prices really high these days. Now Oil down. This is not good. Sure doesn't tell me the recession is over as the Whitehouse reports.
Well who would be selling at the lowest price ever in the History of Black Dragon? Shouldn't the bounce guys be taking this for a ride by now?
BTW, I have seen share prices go wayyyyy below their all time lows when I thought there was no way possible.
I don't have the lineup. But, My guess the first to sell represents a funding group.
Thanks for the response. Still clear as mud. Cheers and have a great day!!
What screams from the chart that tells you to buy? A little TA would be greatly appreciated. TIA
What impending news that has yet to be released are you talking about?
Can anyone confirm Jeff Torino has been arrested? As seen in this post he has been involved in many questionable acts.JMO
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=51080588
"the MM lineup"
I assume the lineup looks pretty scary or else someone would have posted it. Lots of selling at the bid. One more tick down from this bid is "NO BID" hold on to your hats!!!!!
Ben, you better start buying to cover your shorts, Others are loading their boats at this time. If you don't cover sooon this will squeeze and go to the moon. Nothing worse for a shortie like you than a short squeeze in BDGR. It's happened many times and appears to be on it's way again.JMHO
How can he be short? Any proof?
LOL, It could be worse Lanza could use a defunct company as a front for worthless stock.
How many Humble wells are producing? What are their production rates? They have signed paperwork to get up to 25% working interest in these wells. Has BDGR paid what is required to work these wells over? Lots of unanswered questions.
As for the links the only other thing I see is BDGR will get another 3 % working interest in the wells.
Now you provided nothing else spelling out the working interests they own. So I'm still waiting to see where you got the other working interest numbers from. TIA
The reason I said I would like to buy some is to know the trick whenever I do want to buy shares of another stock, I'll be able to.
Who said BDGR was a scam? BDGR is doing what it does best. Putting out forward statements and using a disclaimer to cover it's tracks. They are also selling shares to make money.
Any luck in getting any public information that shows what wells BDGR owns working interest in?
Sorry I did not see where you posted you bought 1s. Thanks now it makes perfect sense. Sure wish I could buy 1s.
Who did you talk to? This guy is giving you info. other shareholders don't have. This is not good.
Where can I find this public information? A little help in seeing the working interest and overriding royalty interest they have in these wells. I would assume this is insider info. since I can't see where you got these numbes.
Most of the time this is not public. Only leases are recorded to show the % a mineral owner will get from production.
"BDGR opening new wells (approximately 21) every single month. "
What are the 21 that went on line last month? Also, how much working interest does BDGR own of these wells?
If they are just operaing these wells the monthly income from each well would be somewhere around $750 a month. From this they would be required to pay bills, disperse run checks, deal with the pumpers.... Not much in the big scheme of things.
try selling some of yours at 2 and see if the bid has to move to 2 for them to go.
"no avail" Well
There is "a vail" of secrets as to what BDGR lost in the lawsuit. Did we have to give all our wells and cash to satisfy those guys?