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Yes, Yes, and Yes!
Been doing so for a while. Like several have said - the upside potential is way greater than the downside.
Lou's post has me sitting back today....wondering...If they don't put a gag order on him, I would hope he would elaborate.
I'm hopeful he was referring to a higher number of shares are actually out, but are in the process of being reclaimed getting to the 99M count. If he's trying to taunt me (again) by suggesting I do not know the exact number of shares and he does....whoopee do. That could explain why he never bothered to answer anyone's questions as to the number.
He can't say he doesn't know, then say the number of shares are in question, tell me publicly I'm the last person (stockholder) he would ever tell the number to, then post that silly comment and not follow up. Then again, he is a man of integrity...high integrity. It may be time to write Scenario #3....(6333 was Scenario #1)
How about you - are you buying?
Agreed. But I doubt we'll ever see anywhere near the magnitude of garbage that permeated BD's PR's from the past. Altho...Lou's post has me wondering if he uncovered something.....
If I were Lanza I'd ban him from any further posts of any kind, despite the fact that he thinks I'm a good family man...
If you broke bread at my table and pulled that stunt,I'd be wont to break all ties.
The audit for 2005 and 2006 should pretty well match what's been posted on BD's corporate web site. Numbers for this FY are what will propel the stock price - assuming BD isn't acquired first!
The more I think about this post of yours....Are you trying to cast doubt on the accuracy of this PR?
Are you trying to deliberately keep the stock price low?
Naw....You're a man of true integrity. And JL is a good family man - you experienced that first hand.
Perhaps its just another one of your innocent mistakes.....
Although, I gotta tell ya....as a stockholder I'm more than a little suspicious of your motives.
Care to explain yourself?
Surprise me. Heck, surprise the whole board!
If the PR isn't accurate we have yet another issue....??
Your cryptic sense of humor doesn't play well here.
If the company has just retired more shares, that is even more good news!
All behind us now - Just look at all the new posters who seem to know nothing about the recent past.
The audit will add credibiity (sept 28th expected?)
Share Buyback is Always looked favorably upon.
More good news a-comin!
Now you're talking! See what knowing the number of shares outstanding has done for you. Right on!
That's the kind of analysis that has been unable to have been done by not knowing the number was 99M.
Well done!
(Post #1783 used 55M - a reasonably correct number at the time, with similar results)
(Then there was post #921 - an early attempt to work the numbers - of course, back then who knew those sets of data were bogus - with only 40M shares out at the time)
Now we know. Let's hope the investment community knows it too!
Charts - Challenges ** YOUR ** integrity?
Seems clear to me that YOU are the one sniping at everyone else - including me.
Attack attack, attack...challenge...challenge...accuse..
accuse - post after post after post.
If someone posts something you don't like, or you disagree with, you go on the offensive like a SAM missle.
Your integrity is not being challenged. Your Accusatory posts are, and will likely continue to be as they occur.
Misread? Gee, and I thought you were perfect in every conceivable way.
Hey...pssssst...just between you and me.....there are 99,000,000 shares outstanding. I thought you might like to know that so you can apply some financial analysis to a concrete, known, number of shares. Just a thought. Feel free to ignore it and call me a basher for trying to drive the price of the stock down.
While you're at it - call JL and tell him the same thing. Ask him to stop informing investors of specific data that could be detrimental to the stock price. That information should remain a secret! Only release the good stuff. we can't have informed investors making decisions based on all the pertinent facts...can we?
There are some other very interesting facts and developments I could share with you, but given your propensity for atacking the bearer of news, I'd rather avoid that written barrage and wait for the company to formally announce the changes. I'm sure you can understand that.
Don't forget...there are 99,000,000 shares out.....but please don't tell anyone.......thanks.
That PR did not originate from Lanza - and that my friend, is why I like what it has to say.
His name, sure.
Metrolane, unfortunately sometimes it is the only thing that keeps me sane with the likes of Charts blowing smoke my way.
Charts - Gotta love your thinking process - Ignore those who might be trying to inform others of facts. Ignore those posters who are willing to share what they may have learned with others who have a similar interest in the company. Instead, accuse them of trying to do something that your alleged mind has fantasized.
"It may be posts like yours and some others that may run the price down."
Really? Does that mean that today's PR has the same motive by announcing what many have longed to finally know? Unlike you, as an investor I would want to know as much as I can possibly learn about any company I'm invested in -a s soon as I can. If another investor/poster has some information (good or bad) I'm all ears.
Unfortunately your posts are only about challenging those you don't understand and complimenting those you think you understand. Take your charts, graphs, and convoluted reasoning and ..... you know the rest.
Gee, I hope not too many folks listened to you....you were only off by 30 Million Shares. Wonderful how studying the past relates so accurately to the present and allows for such accurate statements.....
"Did you also note, the 68,241,000 shares outstanding, at the end of 2006? If you take the additional 762,000 shares sold (2007) that was listed in the subsequent events section (last page) and add to the 68,241,000 shares, the share count should have been 69,003,000 at the time of the unaudited report prepreation that was posted July 18, 2007."
Really?
Me - read anything you post completely? LOL.
Doing the right thing is not always easy. I agree.
I highly recommend everyone doing their own DD on BD - focus on current events BEFORE posting personal thoughts and foolish, inaccurate perceptions.
You might be surprised at what you learn.
Along with the reference to BD buying back 50% of the outstanding shares, there is a LOT of good news in that PR!
Forgetting for a moment that the number of shares may have been a surprise to many - what is unfolding at the company is certainly POSITIVE news.
Asked and answered.
Lou said he had discussed options but had received nothing as yet. He paid for his own trip. Lanza paid for dinners.
Say Charts - So - how many shares of BD stock do YOU think are outstanding?
68M still?
Have a great day analyzing 2005 and 2006 historical data. Did that analysis method yield positive results for ENRON investors too? Oh wait - those numbers were falsified, weren't they...hmmm - no parallels here.
In case you missed it - the number is 99,000,000 shares out.
Got that? 99,000,000. In other words: Ninety Nine Million.
I guess it could have worse - as Lou so gracioulsy informed us, BD is authorized to issue 250,000,000 shares.
Who knows, perhaps next time someone posts some DD knowledge, you might actually consider it - instead of belching out some ill conceived tantrum and chastising the poster for picking a number out of the air.
A good day to you sir.
An E-Mail to Lanza - Another, and another, and another - if anyone gets a resposne I'd like to know!
Getting any reasonable "answer" from Lanza is very much like Anne Frank (again) sending a letter to Adolph asking him for inputs as to how many were killed this week, how many will be killed next week and what is the total put to death for the calendar year..along with: how many were gassed, how many were shot, how many were worked to death....
Lanza asking for inputs is like O J Simpson asking for any information leading to the arrest and conviction of his wife's murderer. Makes him look like he's innocent adn that he really cares.
JMMHO, of course.
soso - Lanza is the consummate con man. He has not stayed out of jail (again) this long due to dumb luck. Being a man of high integrity, Lou does not expect anyone to con him -as he
would certainly never con anyone himself. Seriously.
Lou may have been easily fooled by Lanza's suave con man demeanor and his life long experience with duping innocent people, but I'm sure his comment about Lanza being a "good family man" was well intended.
Where many folks would have been immensely skeptical about anything emanating from Lanza's lips, given his proclivity for outright lying, Lou, on the other hand, managed to see a human being taking very good care of his beloved family.
It may have been exceptionally difficult for Lou to sit at the man's dinner table, along with his family, night after night and enjoy what surely must have been delicious fare, and think ill of him.
Seeing how much his familiy adored him...seeing how attentive he must have been to them...I can only imagine what Lou must have been thinking. Certainly not about Lanza's life of deception, or his prior, consistent criminal acts, or about what it must have been like in prison away from his family, or about the many, many deceptive PRs he issued about BD's operational results....
Give Lou some breathing room. I'm sure by now he regrets posting his initial impression of Joe - the good family man.
Perhaps if he hadn't joined him and his family for dinner...perhaps if he'd concentrated on getting the difficult questions addressed and answered, we wouldn't be
seeing these negative assailments towards him.
Even now, Im convinced that Lou is working diligently on our behalf. I wouldn't be at all surprised to see some glorious PRs coming out - very soon -informing us all with answers to many of the burning questions that have long been haunting us.
Is the audit near? How many shares are Outstanding? Is Lanza losing his grip and will he soon be replaced with a competent
and sincere management? Has/is BD been/being approached by one or more serious suitors? Are we close to being cash flow positive? What is the actual Gross and Net % of the famous 9,000 BOE/mo? Are bills and related operational expenses being paid on time? Is there no longer an immeediate need for a cash infusion? Are wells being brought on line and new ones drilled? How well is the process of increasing production going? Are weather related factors diminishing? Can Lou help with suggestions to design better road surfaces for BD's truck hauling needs? Has the dilution of shares ebbed or stopped? Is it still the plan to continually buy back and retire 50% of BD shares?
Yes soso, we can now unquestionably rest assured that Lou has internally acknowledged his faux par and is 100% committed to
doing the right things, getting definitive answers to all of the above questions, and to making us all happy we have him as a director. We should all stand together, stand aside, and let Lou make us all proud. He deserves our utmost respect and our unending support. I for one, admire his tenacity in the face of looming Lanza obstacles. I doubt he will ever be duped by Lanza again - or anyone else for that matter. If not one additional post is written until we see the PR's, we can all go golfing, fishing, or do whatever makes us happy - all the while knowing we (BDGR Stock) are in capable hands.
Scenario three need never be written (reference to posts 633 & 6359)
Hang in there Lou, God and BD shareholders luv ya!
soso- I've got to disagree with you on that count. The audit is in the works - Per Malone & Bailey!
Lou may also be correct in that some of the shares may have been cancelled...leaving a mere 98-99M out. IF BD can manage to repurchase a good percentage of those shares back, and can deliver a positive cash flow, we should see a rise in stock price (and who knows, maybe a company, or two, might show an interest in growing via acquisition.
Re Shares out - what's done is done. Other than the buy back, there's little to be said or done about that.
The only stumbling block to BD achieving its potential - for shareholders - remains Lanza.
If Black Dragon had not become a public company, and had remained a Lanza Family enterprise, Lanza relatives would be singing Lanza praises for quite some time. Jayne could make monthly trips to go on $30,000 shopping sprees in Dallas or wherever she chose. Mario could enjoy long life in the islands.
Now look what Lou's trying to do to that fine family.....he, with the help of us, is looking to tear them apart - send them packing - and all for the good of shareholders. Amazing what greed does to some people....:>)
Hang in there....BD's past and past performances are about to become meaningless - at least to new or recent investors in BD.
ps: I can't help but think how much it must be paining JL to have to sell BD shares at a time when he surely must know they are about to begin going up.
Happy Friday!
104,000,000 and climbing.
Wait for the confirming news. It will be forthcoming!
Not all bad - as a good bit of those shares will be bought back, as BD has stated.
Mav One - Three things are imminently clear about you:
(1) You have absolutely no idea as to the recent past history of either Joe Lanza or of BD. That could not be clearer!
(2) You have absolutely no awareness of basic business principals (such as # of shares issued by a public company being public information).
(3) You have no idea - Of course Lou is a nice guy. He is a very nice guy. On top of that, I would bet 3 million shares of BD that he is also a good family man. Maybe he is just too nice and too gullible and too naive to realize what Lanza has spoon fed him.
Try researching a BD a bit back and come back with your new-found thoughts - you just might have some credibility after you do so. Or - keep posting 'in the dark' - some of us may have a laugh at your unknowing comments.
I sincerely doubt that Lou would be glad to see/read anything coming from me.
When he steps up the plate again, I do hope he swings the bat this time.
And you know this because.....lemme guess....
(1) Lou said so
(2) You read it here
(3) You spoke with M&B
(4) You're psychic
(5) You read it in a BD PR like we all did
Sorry Spunky - Lou can't have it both ways. He chose to post
what he did. I'll retalliate in kind every day of the week.
There is no doubt in my mind that Lou means well. There is absolutely no doubt in my mind that Lou is honest. There is also no doubt in my mind that Lou is unwittingly doing a disservice to all shareholders by not demanding answers to the most basic questions involving public record.
Of course he may be privy to some non-public information. No one would expect a man of integrity to divulge what may have been privately said/conveyed to directors. Not even to his closest friends....
Am I glad he's on BD's board? Absolutely.
Do I wish he'd do more for shareholders? Darn right I do.
Do I think he has a clue as to who Lanza is? Not a chance.
Do I think he's in cahoots with Lanza? Never in a million years.
Do I believe Lou would do anything deliberately detrimental to the well being of BD shareholders? No I don't.
I will challenge him to get answers to hard questions and to please not tell us what a nice man JL is - words cannot describe what I feel about that declaration.
BD is now being well positioned to operate effectively and efficiently - and hopefully profitably. If we all hang in there it will happen despite anything that is posted or discussed here.
I've said all along that JL is the root cause of BD's troubles. Although his now rich family may disagree.
I think this time around M&B IS working on the 2005 & 2006 numbers. I for one will respect Lou's request not to call them - as he said - their time answering any questions I might pose re BD would have then billing BD for that time and could cause further delay in completing the audit.
Then again, Lou may have simply been reiterating what Lanza must have told him...naw ....Mr. Ellis wouldn't stand for anything along those lines (if he knew).
Lanza's time is rapidly running out. From here on out all should be better than fine.
As is mine. Thank you Lou so much for letting us know that BD is in the hands of a good family man. Well done! I guess with all the enjoyable festivities it just slipped your mind to ask any meaningful questions. I understand. Maybe next time.
Trooper...I do think Lou means well. I really do. He just can't get pass the reality thing.
Gee Lou, yet another request - If you post the number of shares for the board to see, I promise not to look - that way I'll be the last person you tell.
soso - Wasn't Jeffrey Dahmer a loving family man? Didn't a neighbor of Ted Bundy describe him in the same way? Hey, those who wrote about Hitler described him as a loving father and husband...does that qualify?
Guess it's all in how you relate to someone....Maybe if Anne Frank had a few family dinners with the Hitlers she'd have thought differently about Adolf. Hmmmm...
Prediction: The day JL departs and a non-relative assumes command will be the first day of a continuous rise in stock price.
Rationale: His replacement is honest. His replacement has the business savvy to run an efficient company and priortize operational issues and needs. His replacement will not be redirecting profits to his beloved family or family owned service businesses. Subsequent PRs will be viewed with credibility - not with deserved suspicion. He will produce an SEC compliant audit. He will release pertinent pubic information about BD on a much needed timely basis. He will share information, and very likely conduct shareholder conference calls and amazingly enough, be amenable to answering shareholder questions.
Confidence Level: HIGH.
Try as I might,I just can't decide which of these two statements is the most ridiculous:
(1) In 1899 the Head of the U.S. Patent Office declared he "Was closing the Patent office because everything that could be invented - had been."
(2) First things first, Joe Lanza. I cannot thank Joe enough for his hospitality and openness in allowing me to dine each evening with him and his family. I was treated both like royalty and one of the family. To meet with Joe personally and see how he is loved by his family, gives one a far different opinion of him than has been portrayed in the past.
I have done my best in what little time I’ve had to understand the people and workings of our company. The statements I have made are to the best of my knowledge accurate and honest. My belief that we are extremely undervalued has been reaffirmed by this visit.
Louis Chighisola, Jr., Director
No surprise there. Words straight from the fingertips of a man of integrity.
Okay, forget about me...what about the other posters and stockholders who have repeatedly expressed their own desires to know what you obviously don't want them to know?
Hey - I have an idea - why don't you call Joe or Jayne or Mario..maybe they'll consider you extended family and will share that super-secretive information with you....
How about asking Gary? Oh that's right - you don't want anyone to know. Your pattern of silence is deafening.
I keep forgetting that if I know the number, you must know it as well. Guess you won't have to call any of the Lanzas after all.
Shortly, all will know, despite your failings and willingness to conceal (again).
Have a great day and keep up the great work. I'm sure Joe is very proud of you.
WOW! These are the kinds of questions that should have been forwarded to Lou to ask of the good family man.
Never too late, I guess.
(BTW, If I can find out how many shares are out, I'm sure Lou already knows...eh Lou? Feel free to confirm at your leisure - It is public information, avavilable to any/all stockholders.)
I'm still trying to ascertain if BD was authorized to issue that many....any help/suggestions/knowledge to that end would be greatly appreciated.
Re post #6359 - Guess I forgot to include a few dinners with Joe....
Mike7777, would you consider getting back in if BD hits $.15 in the next few months?
SPUNKMEISTER - Are you certain it is Lanza who is selling into this market?
You may be right - a lot of shares have come on the market in the last few months. Rapidly approaching 105M!
Charts, since you like delving into the past to assess growth etc, check this out:
http://www.otcreporter.com/files/bdgr.pdf
The CHARTS on BD are worth a peek - Extrapolate to your heart's content, but please don't ask me to comment on them. They are meant for people like yourself.
Charts - I wasn't going to waste time responding to your ridiculous post - but I will - given what day today is.
If you had bothered to read (comprehend) my post - I referenced the fact that if any investor purchased 90M shares of BD, they would control the company. I could have just as easily said 70M, or 60M, or 55M - any number greater than 50% of the available shares. I also used the figure of $.07. I could have used $.08 or $.06 per share.
WHAT I DID NOT SAY WAS THAT THERE WERE 90M SHARES OUTSTANDING.
In a response to likwit (who, like myself, isn't likely to get a definitive answer from Lou re the number of shares out) I did answer his specific question : As of a few days ago, there were more than 104,000,000 shares of BD outstanding.
Re addressing anything you referenced for 2005 and 2006, don't look for a response from me. For me, those years have absolutely NOTHING to do with the current state of BD, the events unfolding, or the current potential for the company.
You obviously feel differently, prefering to base past performances ahead of today's realities. Fine. Have good time analyzing the past.
I'll be busy trying to analyze the current and future possibilities and trying to make sense of it all, and hopefully forgetting about all of the past year's lies and fraudulent PR's, etc, etc. This is a whole new ballgame, with new players, new opportunities, new efficiencies, and, with the Good Lord's help, audited financials for 2007! BD's past is of no ongoing financial consequence to me.
Happy Tuesday.