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Glad you found humor in it.
Last time I posted a Truthful fact I was blasted and labeled.
(99M-104M shares outstanding)
If I told you BD had a new President would you call me a pumper?
If I told you an SEC investigation was underway would you label me a basher?
Answers to these questions appear to be closely guarded secrets by Lanza...else we'd all know what the true assets might be....eh?
"Lou has become a pumper for Lanza. Just disgusting."
Consider that Lanza may not give the Lou the time of day, let alone answer any of Lou's operational question - especially of late.
Consider that Lanza may have "allowed" Lou to join the board as a facade to placate disgruntled investors.
Consider that Lanza may have read/been told about Lou's posts regarding Lanza belonging in jail - better to have him as director than as a vocal enemy.
Consider that Lou may have been "requested" to not post here again, and can't even alert us to anything positive that may be taking place (except thru Marsnvest or others).
Consider that Lou may be very much regretting his post that Lanza is a good family man..
I very much doubt that Lou is a 'friend' of Lanza's at this point in time - if he ever was.
What is it you expect Lou to accomplish given the Lanza controlled environment? What is it that you think Lou has the wherewithall to do - short of dumping Lanza's corrupt body in the lake which Jayne can see from her new Restaurant?
He would seem to fit the profile...
I think his wife Jayne was some sort of selectperson while living in CA....
A little more levity:
If you knew a woman who was pregnant, who had 8 kids already, three who were deaf, two who were blind, one mentally retarded, and she had syphilis, would you recommend that she have an abortion?
Read the next question before looking at the response for this one.
Question 2:
It is time to elect a new world leader, and only your vote counts. Here are the facts about the three candidates. Who would you vote for?
Candidate A.
Associates with crooked politicians, and consults with astrologist He's had two mistresses. He also chain smokes and drinks 8 to 10 martinis a day.
Candidate B.
He was kicked out of office twice, sleeps until noon, used opium in college and drinks a quart of whiskey every evening.
Candidate C
He is a decorated war hero. He's a vegetarian, doesn't smoke, drinks an occasional beer and never cheated on his wife.
Which of these candidates would be your choice?
Candidate A is Franklin D. Roosevelt.
Candidate B is Winston Churchill.
Candidate C is Adolph Hitler.
And, by the way, on your answer to the abortion question:
If you said YES, you just killed Beethoven.
Pretty interesting isn't it? Makes a person think before judging someone.
Remember:
Amateurs...built the ark.
Professionals...built the Titanic
And Finally, can you imagine working for a company that has a little more than 500 employees and has the following statistics:
* 29 have been accused of spousal abuse
* 7 have been arrested for fraud
* 19 have been accused of writing bad checks
* 117 have directly or indirectly bankrupted at least 2 businesses
* 3 have done time for assault
* 71 cannot get a credit card due to bad credit
* 14 have been arrested on drug-related charges
* 8 have been arrested for shoplifting
* 21 are currently defendants in lawsuits
* 84 have been arrested for drunk driving in the last year...
Can you guess which organization this is?
It's the 535 members of the United States Congress.
The same group that crank out hundreds of new laws each year designed to keep the rest of us in line.
What needs to be done is already well in the works. A soon as Lanza is gone, we can all relax and watch our individual investments do what we've long known they should be doing!
Who do you think orchestrated Mr. Ellis into Black Dragon - not Lanza!
Mars ... BD is NOT run or managed by honest men with honest intentions.
If you disagree, read no further.
If you agree with that assessment, you'll understand why I think neither Lou, nor any BD director can't effect any kind of meaningful change. Lanza doe not want to change anything.
If you disagree with that statement, read no further.
BD is making money. Those profits have been/are being funneled to Lanza's other companies. The Lanzas are making money. Without those diversions, BD would already be cash flow positive.
If you disagree with that, read no further.
Lanza simply will not allow Lou, or any other well meaning individual to disrupt his operation - barring legal action.
I was not slamming Lou - but merely trying to drive a point home. I am not looking to get the last word in - but simply trying to put into perspective my position on why I believe Lou can not be effectual - Lanza will prevent/ignore/summarily dismiss/ or otherwise put Lou on hold.
We can all write letters to Lanza. (I magine he'll laugh his way to the bank)
We can all ask Lou to do something to get Lanza ousted. (I imagine Lanza will laugh all the way to the bank)
We can all write letters to the rest of the board (I imagine they'll tell Lanza and they'll all have a good laugh together)
These guys are not your typical board of Directors - far from it. Lanza ties go way back. They know who Lanza is.
Lou is the new guy on the block - try as he may, he'll get no concessions from Lanza. Even he will be the first to admit his frustrations -as I'm sure he has to you.
This is in no way, manner, shape, or form, meant to discredit Lou. Absolutely is not.
This is in no way meant to shed a bad light on BD. Absolutely not.
I am not bashing. I am not pumping.
Despite what some on this board may cry - this is simply my opinion as to why I think Lou is trying to stem the tide with small bucket - and why he can not.
Best post this month! Good one.
Do you really think Lou is in a position to do the slightest thing to effect a Lanza change?
What power do you think he has been given?
BD is NOT your typical corporation run by honest individuals for the good of its shareholders.
Do you Agree?
Lanza does not, and has not ever considered the financial well being of anyone other than himself and his family?
Do you agree?
Lanza has absolutely no incentive to derail his cash cow(s)
Do You agree?
Why do you suppose he allowed two new directors to join his cronies on the board? Think about that for a moment...
Then what would you consider doable, from Lou's perspective, other than to rally the troops against Lanza?
Has anybody an answer to my earlier question re "Lanza is forbidden by the SEC to hold a director or officer position in any public corporation" - then why does he hold both in BD?
I haven't been following the trial dates. In the scheme of things, whatever the result of that court case, the overall impact to BD is minimal.
One scam artist suing another scam artist - doesn't get much better. Only drawback is BD's money will be used to pay legal fees which could be higher than the final settlement figure!
I agree that was a ludicrous thing to say - Lanza being a good family man - Ranks right up there with "Hitler was a also a good family man, as was Jeffrey Dahmer, and Ted Bundy too."
But Lou has always tried to do what is right.....successful or not, he did try, and likely is still trying. I suspect he may no longer be "allowed' to post here after his most recent highly embarassing posts. (Another sign of his being naive', not bad)
Unfortunately there are way too many posts lately suggesting that Lanza is turning around (posted by newcomers without a clue). Perhaps afew of those innocents are now a bit more alert and awake and will cease challenging, accusing, and demanding proof of what we all know is true.
Then again, they do have their own agendas.....don't they.
Charts, you're a regular clown - making me laugh. Someone posts information for thsoe not already familiar with it, and you label them a basher.
Since when does the truth = bashing?
When some naive poster isn't aware of recent FACTS, do you not think it prudent that they have the same knowledge as we do? I'd certainly appreciate knowing as many as facts as possible.
I suppose if there was a bridge out, and someone posted that, you'd accuse them of trying to get drivers to go a different route..hmmm...
We all want (or should want) Lanza gone! For those who claim we should keep Lanza around - they are totally ignorant of the reasons why we need him gone - Period.
Lanza gone = BD's BEST opportunities for success! Period. No bashing. No negative attacks. Just the truth. Get it?
Charts why do you delight so much is accusing others ? Why not spend your time researching BD and sharing what YOU find out?
I doubt that. Lou was duped, duped and re-duped, and duped again.
Too much trust. Too much gullibility. Too Naive'. But never in cahoots to do wrong.
http://sonlite.dnr.state.la.us/sundown/cart_prod/cart_con_orgad?p_orgid=1822
Any Questions?
Jayne Marie's Restaurant on Cross Lake has music fest Sat, June 9: Nicole Atkins and the Sea, Rachel Pearl, Steve Krase, Linnzi Zaorski, Missoni Lanza, the Bluebirds, Erik Neff, Remington Rafael
Scotland Rocks New York 7
Originally uploaded by cadd "We are hosting a grand celebration for opening of the summer season on Cross Lake," says Jayne Marie from her deck atop the edge of the sparkling lake.
"The show begins at 11:00 a.m., and we have a fabulous array of music lined up:
Of course the food will be fantastic as we have all kinds of fun Barbecue Cuisine planned! Hope you can make it."
Best Always,
Jayne Lanza
Jayne Marie On Cross Lake
http://shreveport.blogspot.com/2007_06_01_archive.html
Let's see...Lanza claims financial insolvency after being ordered to pay substantial fines for his "questionable" activities......now Jayne owns a Restaurant...where?
Here's her MySpace - I think I'll email her and see if I can beg a free meal - after all I'm sure I helped pay for that restaurant....I wonder if Lou ate there....
http://www.myspace.com/jaynemarieoncrosslake
And of course, the well known (at least by some of us):
LANZA GROUP LITIGATION. On August 27, 1998, the Company filed suit against Joseph Lanza ("Lanza"), his wife Jayne Lanza, his son Mario Lanza, IWIC and several other entities believed to be owned or controlled by Lanza
(collectively, "Defendants" or the "Lanza Group") for breach of contract, unjust enrichment, fraud, breach of fiduciary duty, negligence and violations of securities laws.
The case is entitled AIRSTAR TECHNOLOGIES, INC. V. JOSEPH
LANZA ET AL. The case is filed in Superior Court for the State of California (Riverside County), Case No. INC008689. The Company's claims arise from the actions of the Defendants in connection with the consulting agreement between
IWIC and the Company, the purchase and sale of SelecTel, overbilling and false billing by IWIC and others, fraudulent concealment by Lanza of his background as it relates to the securities business, and fraudulent nondisclosure of
information to the Company which had a material adverse effect on the Company's business.
SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 16775 / October 19, 2000
SECURITIES AND EXCHANGE COMMISSION v. MEMBERS SERVICE CORPORATION, et al., 97 CV 01146 (HHK) (D.D.C.)
The Securities and Exchange Commission announced today that on October 4, 2000, the United States District Court for the District of Columbia entered final judgments as to defendants Philip Sung, Joseph Lanza and Jayne Lanza.
Defendant Joseph Lanza is a stock promoter and resident of Rancho Mirage, California. Joseph Lanza is alleged to have made false and misleading statements in the course of recommending the purchase of Members stock. Without admitting or denying the substantive allegations of the Complaint, Joseph Lanza consented to the entry of a Final Judgment which permanently enjoins him from violating Sections 5(a), 5(c) and 17(a) of the Securities Act and Section 10(b) and rule 10b-5 of the Exchange Act, and which orders him to disgorge $265,214 plus prejudgment interest of $239,085 and which waives payment of the disgorgement and prejudgment interest and imposes no civil monetary penalty based upon his sworn representations concerning his financial condition.
The Commission's Complaint alleges that Joseph Lanza funneled the majority of the funds he received from his participation in the defendants' fraudulent scheme to his wife, relief defendant Jayne Lanza. Without admitting or denying the substantive allegations of the Complaint, Jayne Lanza consented to the entry of a Final Judgment ordering her to pay $250,000 into the Registry of the Court as settlement of the Commission's monetary claims against her. Relief Defendant Jane Lanza was not alleged to have violated any laws.
Entry of these final judgments concludes the litigation of this matter. The Commission's Complaint alleged that Sung and other defendants obtained over one million shares of unregistered stock of Members in sham transactions that violated Regulation S, manipulated the price of Members' stock and sold the unregistered stock into the manipulated market for illegal profits of over $5 million.
http://edgar.sec.gov/litigation/litreleases/lr16775.htm
A bit more on Joseph A Lanza for the new folks on this board who might not be familiar with what us LONGs already know:
A Federal Court Judgement Offers Lessons for Young Entrepreneurs; $3.2 Million Award Ends Litigation in Securities Fraud Case
Business Wire, Dec 12, 2000
Legal Writers
IRVINE, Calif.--(BUSINESS WIRE)--Dec. 12, 2000
Late last month, in the Santa Ana courtroom of Federal Judge Alicemarie H. Stotler, a four year old securities fraud case came to an end for three young entrepreneurs, who received a $3.2 million award.
To observers and participants in the protracted litigation, lessons coming out of the fray may be just as important as who won or lost.
"What this case underscored," said plaintiffs' attorney Mark T. Palin, managing partner of the Irvine, Calif. office of Arter & Hadden LLP, "is that entrepreneurs have to be exceptionally careful in their business dealings.
"When they are offered an opportunity to partner with someone, and their financial needs are very current, often they have neither the interest or the inclination to do the right due diligence.
"The coins of duplicity are wide and universal," Palin pointed out. "In this instance, the result was almost disastrous."
When Charles Leone, Robert Nyland and Allan King founded San Antonio, Texas-based Select Switch Systems Inc., in 1995, they were certain the firm would become a key telecommunications player. As the company's switching systems gained acceptance, its operating assets began to be stretched severely.
Then, in 1996, the company landed a potentially lucrative government contract as a subcontractor for the installation and operation of telephone systems on certain military bases.
The founders knew they could not keep up with demand without additional cash infusions. In their search for interim funding, they were introduced to a Palm Springs, California investor named Joseph Lanza and a companion firm, Indian Wells Investment Co.
Lanza and the investment company told the Texas firm that they could help. By selling their interest in Select Switch Systems (Select) to a third, publicly traded firm owned by Lanza and Indian Wells -- Xecom Corp. -- they could capitalize on the defense contracts. Xecom, also known as Airstar, would provide much needed cash.
They also alleged that the sellers would receive stock in Xecom equal to their investment in Select, with a much larger potential payout. The deal was struck.
Leone, Neyland and King soon found, however, that they'd been had. Xecom (Airstar) did not have the financial resources it claimed. Moreover, the company had, in the meantime, absorbed Select Switch Systems and had begun methodically stripping the company of its assets, and pocketing the money it received.
http://findarticles.com/p/articles/mi_m0EIN/is_2000_Dec_12/ai_67926272
And that, my friend, is not the whole story of the nefarious Joseph A Lanza. Far from it. There are more similar criminal charges and sanctions to be found in public documents in both Florida and in California. Dearest Jayne was also ordered to pay in excess of $500K for her role in hubby's escapades.
But, don't tell the imbicile posting niceties about Lanza - you may cause him to erupt with another fifty-plus boistrous and empty posts suggesting the pages have been turned and a new day is dawning. Methinks he must be working for Lanza - no one could be that naive' or stupid. Well, maybe HE could be....
"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.."
How is it he can be a director and/or officer of BD, pray tell?
If you had but a brain - you would realize that my intense dislike has not been for the company - but has ALWaYS been towards Lanza.
You seem to take some pleasure and enjoyment putting words in other's mouths - suggesting your own agenda may be at play.
Referencing anything I said in that post that appears to be NEWS TO YOU - It is COMMON KNOWLEDGE to those of us who have been here for a long time and has been repeatedly discussed by many.
For once, try doing some due diligence of your own and stop accusing others of bashing. You might even learn more about BD - faster - than Charts!
When you actually know something about the company, I'll take you off ignore and maybe we can have a reasonable exchange.
I'm actually LOL. Charts, there is soooooooooooooooooo much you do not know about BD and Lanza.
If you, or anyone, think you can effect a change in Lanza's modis operandi, you seriously need to rethink your position.
We are NOT talking normalcy here -
We are NOT talking about a company with a desire to run efficiently for the benefit of its shareholders.
We ARE talking about a company who's prior CFO declared in his letter of resignation -
to wit: The management can NOT be trusted to do the right
thing -
to wit: He could no longer trust the accuracy of ANY financial or operational information put forth by the company.
These are far from insignifcant statements - from a man who is IN a better position than any of us will ever be, to comment on the health of the company.
If Lou got anything right - it was the fact that Lanza is a good family man. Good, in the sense that he has established SIXTEEN companies to funnel his money through. Good, in the sense that BD has become his personal cash cow to fund the likes of wife Jayne's restaurant and her $30,000 buying sprees in a private plane to Dallas and back. Good, in the sense that he will do whatever it takes to maintain his family's lifestyle.
If you think he is wont to change his ilk, I want what you're smoking. He surrounds himself with those with similar tendencies (tendencies to make themselves richer at anyone's expense). Anyone else is simply window dressing to present yet another facade. I give you Lou's firsthand experiences - wasn't it simply sensational how Lou was able to secure answers to the most basic business questions. Sad. Sad that Lou believed he could make a difference in Lanza's world. Sad that he forgot about what he already knew about Lanza's past criminal convictions. Sad that he dismissed Lanza's time spent in prison. Sad that he didn't consider the multitude and longevity of Lanza's criminal charges in multiple states.
I have no issue with supporting you, or anyone else for a board seat. I do have an issue thinking for one millisecond that you, or anyone not related to Lanza, could ever hope to effect a modicum of positive change for shareholders.
Lanza needs to go. Neither you with your 310,000 shares, Lou with his 600,000 shares, or me with mine could possibly challenge Lanza's family interests.
I suspect BD will soon be acquired, and with that acquisition, Lanza will depart a richer man, and be forever looking over his shoulders for the SEC, an AG, or two or three, and a few investor law suits coming his way as well.
I suspect he knows what's coming, has prepared for it, and will smile as he pays a hefty fine or two, knowing what his beloved family has already put away.
Perhaps it is time YOU had a conversation with Barry M. Perhaps then you will have learned a smidgeon more about BD than you do now.
Perhaps.
The only problem with that - as we continue to buy - Lanza continues to sell....at that rate, we'll never accumulate the needed percentages....
Maybe the Directors are also buying (like LOu did) to provide operating funds while we wait for the mud to dry so we can sell our $500,000.00 worth of oil sitting in our unaccessible tanks.
I wonder.....
Clearly, If you held a significant number of shares, your inputs will be heard. If you owed enough, you could force a vote. If you held more than enough, you could control the company ...
Usually, it's click of friends who serve on each other's boards and keep the misdeeds and secrets safe. (Ideally they would represent the stockholders best interests - HA!)
You can bet all your shares that Lanza doesn't want anyone he can't minipulate, pull the wool over, anyone he can't trust, or anyone who might rock the boat.
Tongue in cheek - You need to be gullible, trust everyone explicitly, and never ask embarrassing questions....and always, always, refer to your CEO as a good family man.
Am I the only one that believes asking Lanza something along those lines is akin to someone having asked Hitler if he could please buy his poison gas from Jewish sources?
Lanza do the right thing?
Lanza consider doing the right thing?
Only for his "beloved Family" methinks.
(sigh)
We're far better off writing to the rest of the Board of Directors and DEMAND his immediate relinquishment of any/all decision making capacity - for a raft of right reasons.
Remember Barry's final words in his letter of resignation? He could no longer trust the current management to do what is right AND he could NOT trust any financial or operational data being stated. !!!! That's one helluva message from the prior CFO.
Mars,
By "potential Conflict" were you by any chance referring to the long standing and prolific Lanza Herd of Cash Cows ?
Heck, that's not a 'potential conflict' - it's outright thievery!
R U referring to stock price or Quips from Posters?
Shades of post # 6333.....
MD, If we collectively acquire 50M shares @ $.05 (that's a mere $2.5M) we own controlling interest in BD....)
Care to give it a try?
IF BD buys back the other 50%...we'll own it all!
BUT - we'd better hurry before the number doubles to 200M......!
Alias Joe, Jayne, and Mario?
Basic 101. But, why would you think the volume was solely related to new issues?
Ed,
Not sure I understand your reasoning. If I (or anyone) is on a buying spree - and there are willing sellers out there - the volume of activity may have nothing to do with news - it may simply be a matter of folks sensing a buying or selling opportunity (ahead of pending news - or a belief of pending news).
I'm not sure how heavy volume relates to new shares being distributed or to existing shares being traded on the open market. Obvioulsy GOOD or BAD news will result in trading spikes, but the absence of any news with high volumes of trading could by any combination...yes?
Did you get that information from Lou? Or are you guessing?
Tough to confirm whether share output has ceased....
Possibility: To pay for operational expenses!
(Akin to Lou's purchase of 300,000 shares to provide $$ to meet payroll.)
Just a possibility.
Could even be JL continuing to add to the Lanza trusts before...
The only other plausible explanations I can come up with is that someone (1) needs cash now or (2) Has his/her eyes on another investment opportunity that looks immensely better.
Hard to believe anyone would be selling expecting BD to fall further...unless they know something none of us does...(SEC investigation looms, criminal charges against Lanza & Michael are coming, etc)
(Now I'll be accused of bashing - That's okay - tomorrow I'll be accused of pumping - Gotta love the varied postulators on this board)
Thanks for the post! I'd be exceptionally happy with anything btw $.50 - $1.00 in the near term.
Gotta agree with you re the value increasing with a completed audit. Makes sense.
I'm still buying. A pumper I will never be. (If my name were Charts - Your $20 comment might suggest YOU may be pumping)
I bought this puppy along time ago (based on ridiculously false information) and subsequently sold as the truth came out. Things I'm seeing now make be think the potential for stock appreciation is very real. That is why I am back in.
I don't believe for one millisecond that anything posted on this board has the slighest consequence to the price of stock.
If used properly,it could be an instrument for helping individual investors to gain insights into helping them make
Buying/Holding/Selling Decisions.
Instead of a place to share "information" about BD, this board has become a haven for - how can I possibly describe it - words fail me.
Clears that up.
Time to buy more.
Thanks!
Scorpio Rising-
Nice post.
I like, and wholeheartedly agree, with that reasoning. I imagine potential suitors will be doing similar calculations.
Any thoughts on what might be a reasonable assumption for an acquisition price based on, a share price of even $.30?
ie; What would a willing company pay to acquire a company who is generating that amount - and growing production as well?
2X...3X?
We're on the same page here...I think.
See if you can get Lou to elaborate on his comment...that will get rid of one cloud. (Post it for him, if that works)
Thanks.
Lou,
Are you saying you basically bought shares to provide BD with the funds necessary to pay for payroll???
$11,000? and $10,000? How long will $21,000 last?
Is cash flow that low?
7000 BOE awaiting sale at $70...($490,000) ...and you needed to provide the company with $21,000????
Did I miss something here?
"Tbird, a comment and a question, I think the discrepancy in the share amount is based on the so-called retired shares and whether they exist or do not exist, my opinion."
I guess we won't know the answer to that question unless and until our Director responds and explains what he meant. (Unless you are speaking for him)
Since it was directed at me, in a caustic sort of way, it implies he feels good about knowing something I do not. That bothers me a bit. This is not something a Director of any company should be engaged in - and certainly NOT in a public forum! I'd much prefer for him to be working for us and representing our interests.
"Who do you think is constructing the PR's that make you.."
Well let's see....we have a very astute, well experienced, and business savvy fellow named Ellis on board.....
We have Mr. Zorne who certainly doesn't want to ever repeat a prior performance and should be leaning toward always doing the right thing......and has stated his desire for greater transparency and communication with investors (that includes us - :>)
Given Lou's post....I'm sure they can't be too pleased with any insinuation that the PR is not accurate and truthful. If anyone wanted to damage a company's new image before it's even incubated, that is the way to accomplish it.
R U hearing anything new and exciting re BD events?