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eatme - you force me to engage you in a TOS violation for personal attacks. See you in jail.
eatme you read my last post. Try and behave like an adult. I'm trying to get this company wipped into shape here. I feel like the CEO. They are taking my instructions seriously because Dale replied to me and said Lancaster likes my viewpoints and he said I'm not joking...do you want a job at biogenerics...he was joking ofcourse but the point is I'm trying to get things communicated here. Stop with the insults because it's really childish. Yor acting like a child.
note sent to Boyd yesterday - all read....
Dale,
The news released today was very positive, but I would like to know something. Success Oil is known as a turnkey drilling contractor. Do they have their own eqiupment (i.e. workover rig, drilling rig) in-house or are they still dependent on Schlumberger to lease this equipment when projects get started ? This is why I expect to see the East Texas LOI close by 8/31. As mentioned in the PR, the East Texas LOI company has 2 workover rigs and 1 drilling rig in-house thus eliminating the dependency on Schlemberger. From a cost basis this is great, but it's better news to know that Biogenerics will not have to wait on equipment anymore in the time when Oil Rig/Drilling equipment is in high demand due to the high price of Oil. This deal is key to Biogenerics fully exploiting all their assets in a very short time frame as opposed to what has been going on at Grimes with all the delays.
If Success has it's own rigs or better access to obtain this equipment, it should be noted in the PR. In either case, the properties at Crawer and Gray Gulch will be exploited first and with the East Texas LOI the properties resident within that asset will be exploited first. A workover rig can be permenently stationed at Grimes from the East Texas LOI company. In reality three major projects could be going on whereby 1 well could be completed at each site on a monthly basis. That's 3 wells per month. This will be huge for the company and I think it should be communicated to shareholders as such. The most recent PR's are confusing to say the least because investors are unclear what properties are being worked on by what LOI ? You understand ? There needs to be a table released showing operators, property, percentage ownership in revenues after ROI. This way investors understand the overlap and what JV partnerts are working on what with % ownership. Each project should be updated monthly regarding well status, current flow rates, anticipated future drilling at that site etc. Once it becomes old news and flow rates have been published or well is dry move it into the 10Q but continue with the monthly updates
September 2006 Project Update - Example ONLY
Operators: Success Oil 50% / WW Oil and Gas 25% / Biogenerics 25% Property: Crawer / Gray Gulch
Status: Crawer Well #1 Drilling depth 2800 ft. continuing to 7200 ft.
Gray Gulch Well #1 Lost circulation at 8400 ft. Well abandoned and plugged.
Operators: Tyche Energy - Hydrolsotter Inc 60% / Biogenerics 40% Property: Grimes
Status: Well #3 preliminary flow rates 1450mcfd recorded, Well #4 is currently having multiple formations slotted
Operators: Biogenerics 100% Property: LOI #1 East Texas Oil Company wells
Status: Well #1 Driiling depth 2800 ft. continuing to 14500 ft.
WWNG and WW Oil and Gas - hey people. Open your eyes, call the company. BIGN has a JV with WW Oil ad Gas 50-50. WWNG WW Energy is the parent company of WW Oil and Gas. We are ONLY involved with WW Oil and Gas. Read the news relating to Success Oil and the Crawer and Gray Gulch properties scheduled for workovers in September. This is huge for BIGN anfd nobody noticed. Success Oil is a turnkey drilling operator and has access to rigs and equipment much better than the standard lease agreement with Schlumberger. Yes the East Texas LOI is far better because if this deal closes we own 2 workover rigs and 1 drilling rig. Nothing could be better than that. So if the East Texas LOI falls thru, we still have the Success Oil WW Oil and Gas deal going. This is the backup plan that BIGN is ensuring is in place in the event the East Texas LOI falls thru. Just imagine if both happen, then we are truley making big money. Eash well at Crawer scheduled to begin in September will put 270K per month onto BIGN's income statement. They have 12 wells planned for workover. I cannot imagine why this news did not impact the PPS and BIGN PR out yesterday was in fact old news if you read the WWNG PR's it came out on 8/3. BIGN just reiterated the event yesterday because the stock was taking a beating and they needed to stop the selling showing management does care about the shareholders and PPS.
come the end of Sepember, BIGN could have 11M in revenues.
East Texas LOI 7M (currently producing)
WWNG September well 296K
Grimes (4 wells live) 3.6M
And we trade at .021
Ridiculous.
the first well workover in september will put 296K per year into BIGN's income statement. At $70 oil. 350bopm allocation from the 1400bopm projected. 50-50 WWNG/Sucesss 50-50 BIGN/WWNG
This is great news. If they manage to complete one well per month it will bring in 3.6M in revs for BIGN yearly.
The East Texas LOI will bring in 7M currently in cash flow plus the 3 rigs. The 3 rigs are key to the East Texas LOI. Keep your fingers crossed.
the PR today is I suspect the backup plan that Boyd keeps on alluding to in my conversations with him.
1000 share trade went thru on TYEG at 3.50 today.
the guy that dumped today will have plenty of time to reload once news comes. That's why he sold. I bet it was eatmenasdaq that sold. Who else holds over 4M shares but him and I ? I was not me who sold. Who else owns that large of a position. Maybe it was the company dumping ?
I was told the LOI news is coming in a few days. Possibly by tommorow at the earliest. Opps.
got a feeling it's going to be a very ugly week or BIGN. Probably go down today huge 35%, tomm. we enter .012 area, then Friday a small bounce, then next week we flip flop up again until a PR says the LOI is no good or delayed then we tank 65%.
I stay because I want to stay. i've been down here before. even lower. I held when the bid hit .014 and ask as .015 thank god no trades went thru at .014 because i would have sold. Once one trade goes thru under .015 that is the tell tale sign to bail. It will go sub penny once .015 restistance is broken. Todays's trades were most likely someone holding a large position in around low .02's and decided to take the money off the table until they see what direction it's going. They took a loss, 25% not much, but it's a loss. They can always buy back in later when it retraces up. That's what people are doing. They need confirmation this stock will go back up and not enter sub penny land. sub penny land will be horrible for this because we will rarely break out of sub penny land. If we can't break into the teens from .02 or .03 cents whats going to happen when the avergage holder is holding 10, 20 million shares at .004 ?
I think the company is going to increase the A/S count soon in order to start selling more shares to pay for these transactions. This is another reason why nobody wants to hold this.
I for one will sell if we test that resistance level. I have a feeling we will by early next week, then it's over for me. I can make money elsewhere. I won't even look back at this POS.
i ain't selling. That should worry you all more because then who is ? who is dumping these large blocks into the bid, the company ? eatmenasdqaq ? someone with news about the LOI being dead ?
One thing fur sure. The fact the stock did not tank under .015 on such a masssive wave of selling impressed me. Somebody down there thinks they will sell 70K worth of stock for a profit. That is positive, no ?
those were sells. two big ones 2M each. Ouch. somebody wanted out and got a great price on selling 4M shares. .017 was a deal to dump so much. A deal indeed. I never thought support would have held on suck large sell orders. Not much below .017 now that's for sure. .015 will come fast today or tomm. then it's over.
durango..lancaster is not in control of the PPS. We are. They buyers. Just because I got a favorable opinion of him does not mean it's going to help BIGN go up. I'm just posting what I observed. If are thought of him as a crook I would have said that too. One and the other have nothing to do together. Separate entitys. These pinkies are so abused. Anyone can start a shell pinkie, say wer'e going to make 87M in revenues, start selling stock and then run away.
what puzzles me is this. We get great news from our JV partner WW Oil and Gas. 1500 barrels per month. They split with Success, then we get 25%. So 375 bopm is ours. That brings in 315K in annual revenues and our stock does nothing. why ?
wrong. The price jumped right after Lancaster announced the aquisition program and then 5 PR's followed. LOI2, LOI3, update to first LOI, new office. The second well was reported before this and did nothing to the price. It was the PR's I mentioned aboove that pushed us up to .07
eatmenasdaq - I can sell anything I want. I recorded the conversation with Lancaster. I was not told anything that has not been made public. The NDA was just a formaility in order for Lancaster to speak to me in case he F-cked up and told me something I shouldn't have heard. This was not the case. I can sell, I can buy, I can do anything without any implications. I'm not that stupid either.
Now what makes you think we have a gap this am ? and we go green in a big way today ? just more blindsided pumping IMO
joe - I did not get much out of him. Just more defined words unlike Boyd. I for one would not invest anything is this at this point because the stock is entering a critcal phase. Furtcash and eatmenasdaq say the LOI means nothing it's Grimes that will make money here. Grimes ? Grimes has got 2 wells live in 18 months. 2 more maybe online in the next 2 months. So we have four wells live in 22 months. Understand the pump pump method they use. In the event the LOI fails they want to influence people into the pump that Grimes is the companys salvation. I don't see it this way. I see the East Texas LOI as the only factor that will save the share price from ultimately going sub-penny.
To me confirmation to buy must be met with two factors:
1. LOI is confirmed. Then we have 2 workover rigs and 1 drilling rig available. What this will do is prevent the company from making up anymore EXCUSES as to why they are not working on a project. Hydroslotting will require a compressor. Compressors are available everywhere. Workover rigs are not. We do not need to depend on Schlumberger for a compressor. Do not listen to eastmenasaq or furtcash. The major work in hydrlostting involves the work in preparing the pad and dropping the device into the well. This involves a workover rig. period. The actual slotting takes 2 days depending on how many formations they want to access. This is where the compressor is needed.
2. I would not buy anymore shares until we see a steady uptrend in price and the price stabalizes at a price of not less than .04 cents per share. Like my freinds are preparing to do so. They are waiting to buy 8 million shares but will not do so until these two events have occured.
People say wait for .04 cents, that's stupid your giving up all those gains when you could have bought at .017 tomm. Sure. That is the risk we take. That risk at this point is too high for possible payoff now due to the unfavorable circumstances now present with this company.
Buying at .04 after some consolidation you will have a better chance to make more money because the risk factor has been decreased because we are far away from sub penny and then.
Understand this. We go sub-penny. It's over end of story. Sell move on lick your wounds. It will not come back ever. Trust me. I know the penny pinkies to well.
good night people. Had enough of this misery for one day. How low we go Wednesday ? .0165 ? is my guess. red red red. BIGN's favorite color. You would think at these bargain basement prices some huge buyer would step in and buy 5M shares....everyone else is tapped out when they bought at .03 or higher. Now the only action that's left is selling. People who bought much higher are selling out, moving out, getting out. I used to trade like that too. Whenever I was down 10% I sold. Problem was after 4-5 bad picks your down 50% anyway so I have learned just to hold no matter how much you are down. If the stock breaches a critical support level (for BIGN I feel this support level is .014) then it's truly over and you can expect another 100% decline. So if and when BIGN breaks .014 you can expect to see BIGN under .005 very soon after that due to the inherent panic selling that will ensue. Buyers will be lining up then, but only to flip flop again at .007 for a quick 50% profit. Then after the buyers leave we will be left with this dismal slow bleed like we are encountering now. Then it goes under .005, then we see an increase in the A/S to 1 billion shares then it's truely over. Lancaster and Boyd and Smith are sipping champagne in Alcupulco laughing up a storm.
ROYAL PET. what a joke. That's why since that PR the O/S was 224 million now it's 318 million. I guess we used RP to fund those ventures and all the stcok sold went to pay smiths severance and Lancasters medical bills.
rlcuban...what I do to offend you ? Oh no...did you sell today because of one of my posts ? That is not my intention to have anyone sell. I want this to go up but the stock is acting a like a dog with fleas. I cannot help myself. I'm not bashing, I'm just frustrated as hell with this action. Everybody on this board pumps and pumps hard, blames the MM's for manipulation, some big guy holding it down, blah blah blah. It's all bull. This stock does not have the volume to be manipulated and on pinks MM's can't really manipulate because they cannot build large inventorys. They can't. They act as broker-dealer only. They buy and sell to you. That's about the extent of their involvment. The reason this stock stays here stuck in the mud is because we have no buyers. when buyers come back we go up. When no buyers exist, anybody who wants to sell is going to get screwed. That's why we are down so much since the .07 high. So many people are selling and are continue to sell when no buying exists. Buying seems to only exist on special occasions for this stock and large holders rarely have the opportunity to get out of dodge. Also, when buying comes it only sticks around for a few days before the selling starts again. I realize this now. Not going to get burned again watching 1M vaporize back to 200K in 2 short months. I thought my 1M would become 3M. Greedy yes. Had faith, yes. Never thought it would retrace back to these ugly support levels, it's embarassing to have recommeneded this stock to freinds and family who bought even higher than me. They are just praying to break even now. Alot of people are. This stock goes nowhere until it starts getting treated like a stock, not a piece of flip flopping garbage pump and dump speicial. Treat it like a stock it will go up and continue to go up and make alot of people rich. Until peoeple change their view on this it's just a pump and dump pink sheet penny play that flip floppers will be the only ones making money on the next rise.
I had a 20 minute conversation with our CEO today, Mr. Lancaster. Being that I own roughly 5% of the company, he agreed to speak to me directly, however, I had to sign and notorize a non-dislosure agreement and fax it back to them. The original must also be received via mail. They got it today and I got my phone call from Mr. Lancaster this afternoon. I was very surprised.
As you all expect, I cannot share anything with you regarding my conversation with him even though nothing new was revealed because if it was BIGN would be in violation of public domain release laws regarding sensitive news governing a publically traded company. However, he did allow me to ask open ended questions with multiple closed-ended answers which he did answer. This way he is not violating the law because from his perspective any answer given to me was speculative and has non-defining basis.
I was very impressed with his candor. He's a very smart guy. They sincerely do care about the existing shareholder base and do monitor the stock price daily. News is coming anyday now regarding the East Texas LOI. I went over a list of items that I feel will give shareholders a better comfort zone going forward. He said he liked the list and will use it when structuring future press releases. Basically, I wanted to make sure he was aware that we have fallen so much in price and that they can do things to prevent this from happening. The stock is news sensitive so by controlling PR's in a timed executed fashion they can control the stock price from falling so hard. He said they have many events to disclose but they could not release them while they were in the final negociations with the seller of this company. When you buy a new car you want the salesman to think your as poor as possible so your the one that can have the edge. If the seller thinks you've got other irons in the fire he will not be as agreeable when working out the terms of the agreeement.
Late guys.
who's going to ride this down to .01 ? The bottom is just about to fall out. No LOI or delayed LOI we see 1/2 penny. That's .005 for you people without a brain and there seems to be lots of you here.
whoes going to ride this under .01 ? not me. The way this dog is going down it will be under .01 before the LOI annoucement is due. Then we bounce to .015 only to be flipped back under .01 again. This is such a poor performing stock.
the company is selling shares all the time to raise money to pay for salaries and Jim's medical costs. Newbies sell, nervous longs, people are just bailing in droves. Soon it will completely break down and lose all support. At .014 this will happen then we go to .003 real fast when eatmenasdaq dumps.
I predict Opehlia will be down around 300mcfd from 1450mcfd in three short months. How can they say 5-10 years producing ? These wells are just giving their last breath before they completely die out. Is this for real ? Hydroslotting may be a total scam....5-10 years right !!!!
eatmenasdaq and furtcash ahve you not anything questionable to raise about this company ? furtcash is dying to unload those resricted shares bought at .01 in December. eatmenasdaq just wants to gte out alive. Thus the relentless pumping and blindsided misstatement of facts and sympathy toward management for trying so hard. Give me a break. You guys have a total agenda here. Not me. I want to make money. I just post the facts and raise valid questions here. I'm not bashing for more shares.
Incidentally, we are down again today another 6%. Red red red. The only color this company knows. I'm getting ready for my daily phone call to Boyd. This guy hates me and he's so nervous when he talks to me. His voice is shaken and breakin up every time I counter one of his statements. His stuttering is getting to me. It makes me very nervous when the one person we rely on for news does not know crap and is nervous too. I think he's saying in the back of his mind, this poor guy is going to lose 400K on this stock. If he only knew.
the LOI is a big deal. I cannot imagine why any of you say it's not. We will have multiple workover rigs ad one drilling rig. This is huge. Sure we will not have the compressor from Schlemberger to Hydrolost with so what. The hydroslotting process only takes 48 hours. It's the well prep time where all the hard work, time and money goes, in upwards of two weeks per well. We can lease a compressor from anyone and the demand for that equipment should not be very high as opposed to the rig demand. You people are so blind, beleive anything that is said here, the LOI to me is the companys final chance to pull it together otherwise we will not be in a position to slot more than 5-6 wells per year at most. If we get the equipment, we can complete tens times that amount because we are not waiting on equipment nor will we have the huge costs associated with the equipment. Get it toegther people. Grimes is not going to push the PPS higher. We have no where near 2M in revenues as furtcash has blindly pumped on this board. How can he even say 2M in revenues ? That is just a pumping stupid statement with no support. I can do the math. I know approx what they are making from Grimes. I figured so far the two wells have generated about 700K in revenue for BIGN.
all better hope the LOI comes out clean and on time. Otherwise, I for one will be out and out fast. Do you hear me Lancaster ? If you think .019 is bad just wait until we drop under 1/1000th of a penny. .00056 will be looking good in a few weeks after my shares are sold into the float. Deliver Lancaster or there is going to be pain in this house and the calls will turn from questions to threats against life and property. Not from me, from angered people who have lost everything on this little scam.
I appreciate furtcash and his efforts but the blindsided pumping must stop. Everything is so rosey and clean and on the up and up, then suddenly we get posts like "if the LOI's exist" and "I doubt I won't see a rig ontop of Opehlia when I get there". I know he's frustrated with management too but everyone on this board must stop being blind and open your eyes. Call the company, stop waiting for members on IHUB to provide info. Demand answers from the company. Eatmenasdaq, furtcash and a few others have only said great things here, never posted anything negative or questionable. Why ? Why all the pumping and positive atitudes ? Never a complaint. Never any questions about credibility and trust and honesty with this company. That concerns me. They have an agenda. It's my job to cast doubt here. I'm not bashing. I love this company but I hate it too. I'm not in this to flip flop for free shares. I saw the potential and bought in hoping management would deliver and they have failed misarably. They have not delivered on one thing when they said they would. Sure we have two wells in production. 2 wells. I do not give management credit for that when they said 20 wells per month would be done in 2006.
and this board just sits back and wows you and says thats great I'm buying more tomm. Nobody ever questions anything like I do. Be careful with your money here people. If the LOI falls thru or is delayed this company has nothing but 2 wells in 18 months of planning and drilling. 2 wells !!!! Maybe 4 wells if the next two are good producers but who knows when they will be hooked up to the meter station or when we will know flow rates. Beware. !!!!! 2 wells in 18 months is simply ridiculous. The only thing that will save the share price is this Texas LOI because then no have no more execuses ( can't get a rig, don't have the cash flow, weather is bad in Texas and California and New Mexico, Lancaster is sick, we are extending our due diligence phase, we have water problems, we want to change our name but need to close the LOI's first, will be done in 2-3 weeks 4 months ago, we have Royal Petroleum debt based financing so we don't have to dilute share structure meanwhile 100 million shares have been added to the float in less than 10 months, excuses, excuses, excuses, the market is SICK of excuses why we sit here at .019
Lancaster get off your arse and get this company moving. In May when your annoucement came, then the new office, then the Tyche dividend mess got cleared up, then the LOI announcements hit we soared from .02 to .07 in one week. Why did you not attempt to build on those gains ? Why did you let shareholders down ?
I'm still waiting on an answer. why do you doubt the LOI's existence furtcash and explain where 2M is being pulled out of the sky... 2M huh ? Looks to me more like 500K at most in 2006 and about 196K in 2005. That's about 700K in revenues. A far cry from 2M. Stop pumping. All you do is pump.
furtcash answer the question. Why do you doubt the LOI's existence ?
Also, how is it possible that BIGN has made 2M from Grimes since their annual report said they recorded 316K in revenues. We are only into 8 months of 2006 and have Andreotti with decreasing flow rates and Opehlia. With BIGN only getting 40% ROI how is 2M possible ? I just see where the numbers can add up.
2005 they recorded 316K. Some of this was Charring Cross.
2006
=====
Jan - August let's say 250mcfd at $6.50 * 40% = 156K from Andreotti.
Opehila - ??
I just don't see it while everybody is thanking furtcash saying wow that's great...he could be selling into his own pump game. Do any of you guys stop to think before you post anything here....?? I hate the relentless pumping going on with this board when all the stock does everyday is go red and tank. Everyday it's red. When it's green I'll scroll down in my ameritrade screen and see it up 2%. WOOPPPEEEE. Stock is a dog. stop pumping please.....I hate this crap. Come back to reality people.....
why would furtcash say this if Skip Taylor and the other guys are not collaberting on this topic...from furtcash post
Don't shoot the messenger.....please
Just got off work.
First let me say I've been advised not to say anything,but...
The last thing I'm going to do is jeapordize any pending LOI's if indeed there are any.
This gets me very worried. Why would he say this ? Why would he suddenly doubt Jim Lancaster as to the physical existence of the LOI's ? Maybe Skip Taylor was like right man I wouldn't trust that Lancaster guy...those LOI's are pure lies designed to sell shares bla blah blah....
why does furtcash doubt the LOI's existence ? Does Skip Taylor and other crew members have info shared with him about the LOI's. I was wondering the same thing. Do they even exist or was it just bathroom chit chat between the stalls when Lancaster was pinching a loaf ? Remember on pinkies they can say anything without follow through. LOI's and MOU's are classic tactics. I called Boyd today and asked him again what is the status and got the same crap about some qualified backup plan if the deal does not happen. I asked him why every time I ask he mentions this backup plan and that has me concerned that the deal is not going to go. Then I got another line of his bull. He's knows more about the details of the backup plan then he knows about the Texas LOI and he said if the Texas LOI deal goes thru it will be a blockbuster deal for the company and it's present shareholders but Jim is the one orchestrating that deal and things are being kept very quiet. This whole thing has me very worried because so much is hinging on this LOI now and if it does not go I think it's going to get very bad for investors here in a quick way. 8/31 is approaching and they said ON OR BEFORE 8/31 so we as shareholders must hold it to them to let us know no later than 8/31 the status of the LOI. I call Boyd every day now. I ask him the same questions every day and I get the same answers every day. I just want him to understand how important this is to the shareholders but I get the feeling that no insiders own any shares and they simply don't give a flying fack about any of us. I hope I'm wrong here but I don't like it when furtcash says those kinds of things.
I hope so, you guys have taught me to be a good flipper instead of a true long. Can't wait to flip 800K blocks onto the bid for .00002 cent profit. What a rush. Free shares. Can't wait.
Israeli cease fire quickly coming an abrupt end. Isareali soldiers just shot two helaballah guerillas. We need to gte this war moving again so Oil and climb back over $80. Hurricane debbie is next, then BIGN releases it's news that our little NG company has become an Oil equipment rig operator with production exceeding $10M per year in revenues. This includes Grimes by the way. No reason why we should not be trading at .20 cents 70M maket cap when this news hits. No reason at all. This is why I'm so botheried that we sit here at .02 cents now. I do not understand it. The market has no faith in what BIGN is trying to do. It's ridiculous.
we going to sit here at .02 until 8/31. This is freaking ridiculous. Cmon' buyers I gotta flip me some shares. Where in hell are the buyers ? We should be over .05 by now leading into this fantastic news. I cannot understand why this stock behaves like this. BUY BUY BUY
I guess I'm just a fat pig about to get slaughtered here holding 14M. Big mistake. Eastmenasdaq has also made a big mistake buying 6M shares. back into the teens we go.....