Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
IW: When the BIG volume takes off someday, some will shake their head and wonder, "why didn't I pick up more when it was under .02"!
Best to you pal!
Can't believe that was it for the day! LOL eom
So do I!!! eom
IW agreed! Lets keep the info, the digging and the debates going!
Best to you!
SLJB has 34 bans!!! IMHO, bans bring a board down. The deletion button is available if needed. But we NEED to hear all points of view and debate the issues. Thats GOOD for a board. BUT repetitive bashing with no effort to balance with potential positives is just BAD thinking and a hurt to your investment.
Shermann: They could well be investors and just be flawed in their thinking and approach! eom
Very interesting development!! Guess he's NOT ready to retire yet!
I don't agree with the approach of my esteemed BIGN shareholders, BUT I would go to war for their fundamental right to say what they feel! I believe these are good guys who I happen to believe have a flawed strategy of dealing with their investment. BUT I do not want anymore bans. I miss Arch's info/ideas even though he expressed vile thoughts which could just have been deleted.
Bottom line: All ideas should be heard. Just wish my negative buddies would see the light on not being so repetitive with their bashes! Lets look for the silver linings and the hope. There is plenty to be found!
Absolutely! eom
November 17, 2006 - 3:51 PM EST
Biogenerics Limited Issues Business Update
TYLER, Texas, Nov. 17, 2006 (PRIMEZONE) -- The Board of Directors of Biogenerics Limited (Pink Sheets:BIGN) is pleased to issue this current update on the progress of the Company's business.
Name Change of Company -- The Company anticipates changing its operational name in order to identify the Company more readily with the oil/gas industry. The Board projects this name change to occur during the first quarter of 2007. The potential new names for the Company are being considered at this time and a final name will be chosen in the near future. At that time, the Company will release a press release regarding this name change.
Authorized and Outstanding Common Shares of the Company -- As of the above date, the Company has approx. 376,500,000 outstanding shares of common stock and has authorized shares of common stock approved by the State of Nevada in the amount of 800,000,000. This increase in authorized shares was made in order to have shares available for the Company's future business needs which may include, but not be limited to, Joint Ventures, Asset Purchases, Management Compensation and any other necessary business transactions the Company's Board of Directors feels is necessary to carry on the Company's business.
East Texas Oil Field -- The Company has obtained in principal, a funding commitment to conclude this transaction, which is subject to and contingent upon the funder performing a satisfactory site and field inspection of the East Texas Oil Field. This will include interviewing personnel at the operations, obtaining commitments from Key Personnel to continue with the new operations in their current positions, auditing the existence of all active wells including past production reports in order to substantiate the monthly production of the field, inventory of all equipment and inventories for operations of the field and any other item they may feel necessary to complete this transaction with the Company and its joint venture partners. The Company has obtained assistance from Royal Petroleum Corporation in this transaction in order to obtain the financial strength to conclude this potential business transaction. At this time, the Company is endeavoring to push this transaction to close before this current calendar year end.
If successful, the Company will receive, as its part of the Joint Venture transaction an operational facility located in Central, Louisiana, that involves 30 working and active wells that will produce over 3500 bbls/oil/month which will be free and clear of all debt. This field has a Geologist Report showing its current value being in excess of $13 million. This project will produce an annual net income in excess of $1,800,000. In addition, the Company will receive a cash position of $4 million for further investment in the oil and gas industry via "Farm-outs" and direct working interest investments.
In summary, if concluded this joint venture transaction will place over $17 million of economic asset value into BIGN with no debt and a joint venture association with the operating company of the East Texas Oil Field for future business associations.
While the primary focus is completing the East Texas Oil Field Joint Venture transaction, the Board of Directors is also giving careful consideration to the following issues:
-- Restructuring the business agreements with Joint Venture partner Hydroslotter Corp., the NC-02 technology and considering alternative well renewal technologies to better serve the companies future requirements both technically and economically.
-- Expansion of current operations in New Mexico and Oklahoma as the company may determine to be viable.
-- Continued re-organizing of the virtual I.R Department providing more accessibility to company business activity while maintaining an open line of communication to shareholders.
-- The Company has received a notification from the Pink Sheets organization regarding new requirements and the Company will endeavor to meet the highest standards for future reporting and compliance.
These decisions will be tailored around the expected conclusion of the East Texas Oil Field Joint Venture transaction.
Summary -- The Company is entering into a new era in its business growth and development. In doing so, many changes are needed in order for the Company to take advantage of and to exploit the many business opportunities it has available to it.
The Company would like to thank its shareholders for their patience and understanding during this period of change and growth, which brings with it uncertainties and daily decisions to make for the benefit of all concerned. Your Company is worth your respect and is only as good as its shareholders say it is no matter how successful management is in performing its duties.
Website: http://www.bignltd.com
About Biogenerics Limited
Biogenerics is a diversified investment venture capital firm focused on exploiting and distributing domestic oil and gas reserves. Biogenerics also has joint venture activities with Tyche Energy Inc and Hydroslotter Corp.
Great news. God bless them! eom
I shall! eom
Thats a deal pal! eom
Nosey: There is NO question that MANY changes (I believe unexpected) have occurred with the direction/priorities of this company. It is not the same company, directors, focus or direction, as it was in 2004. There 'appears' to have been significant changes in the Hydroslotter relationship and Grimes updates have been held back (intentionally due to the negotiations?). So there are major questions to be answered. But the most recent PR laid out a clear, revamped vision of this company that is evolving before our eyes. Birth ain't always pretty or without blood, but it is always exciting. Nosey your in this now according to your statements at least until the news hits. Can't you look for the silver linings and embrace the possible positive outcomes? Try it; it's fun!
Best to you!
If this hits right it better be VERY GOOD champagne! Maybe we all meet for a meal too.
Best to you pal!
12/19 or 12/20..... pure guesstimate!eom
Nosey: When I first invested here, I was told by EVERYONE that I consulted that this was HIGHLY RISKY, UNCERTAIN and VERY high RISK/REWARD. Thus I put my so-called 'venture capital' into this. Yeah, the money I could risk losing if it did not turn out great. Who did all of you consult when you invested? I don't want ANY of us hurt and that means I would very much like this road to lead to success for the company(s)
and us. But this is the PINKIES! IBM or MICROSOFT this ain't. See Nosey I knew the risks coming in; didn't all of you? I had invested previously in Pink/OTC energy companies. Lost on a couple. Hit big with TGA and ERHE on the earlier run-up. I learned that start-up energy companies don't communicate well and their deals take forever due to complexity. I was honestly surprised with all the early PR's. Though frustrating, this 'quiet period' is understandable given the complex nature of the deal described. Is it real or not? That is the risk. Now I feel that the answers are close. We'll see.
Best to you!
silver, what do you have against getting excited about your investment? If this turns out good it will IMHO be something special. If it is bad, there will plenty of time for recriminations and finger pointing etc. I CHOOSE to be upbeat and hopeful. Ok?
Best to you, and best of luck to all of us!
Absolutely! I can feel it. It's getting closer! eom
Amen Brother!!! Would not change a word of your post! Best to you and your family!!!
Does this mean the present shares will trade again or will it be a new stock symbol? Very confused!
IW: This was the response I got from E*Trade previously. But mind you, I believe the company can unrestrict them for trade when they deem it best for them short of a year.
XXXXXXXX
Here's the response from E*Trade:
"Thank you for your email regarding your shares of TYEG in your account. I apologize for any confusion that this situation has caused you. After reviewing your account, it appears that you received these shares in June of this year as a result of a spinoff from BIOGENERICS. Typically, shares received from a spinoff such as this are not able to be traded for about a year. Once the restricted time period is over, you should be able to sell these shares."
Again, NOT that I am planning to sell them. I asked them why there was no $$$ value in my account for them....
Love that story Frat! The pot is brewing I do believe! eom
I guess I'll have to get by with my 33,000 shares of TYEG! hehehehe.
I feel that we BIGN investors are getting pieces of the big picture through these other PR's. Hope to see the whole picture soon...
Absolutely! LOL
Thanks Eats! It takes all of us to make a family here! We need EVERYONE's good thoughts and actions to see this long trip through! I for one believe that Mr. Lancaster et al are preparing a holiday festival for those of us that have stayed so long!
Best to you always pal!!
Sent my Christmas wishes to Tyler: Stocking full of PR's with a steadily rising pps. I continue to pray and send positive karma Mr. Lancaster's way; I hope it helps!
Seriously, Happy Holidays to all in our BIGN family! I DO have a very positive feeling and outlook for 2007.
Cowboy I think someone told me previously it was citibank... But I could be very wrong.
Best to you!
Silver, you and I both know (unfortunately) that there have been many companies who's CEO was affable, available, photogenic, ready to take your call, etc. that ended up in the crapper. I choose to let Lancaster do his work and see if he can fulfill his promise: to grow this company into a real O&G player. I don't need to talk to him. I will judge him by the final results; not a mid-term report card.
Silver: Never said he or you destroyed their credibility. I asked how it helps in the pursuit of answers to our questions to carry on with a vile tone about the company? HOW DOES IT HELP? You fear the worst, but you DON'T KNOW that the company is truly out to hurt you, do you? So IF you still have an investment here why not seek answers without disparaging the company verbally? If you have PROOF of wrong doing, then this is clearly NOT the place to write about it, is it?
Lets seek answers together and with hope for only the best in the future. What made you think you would get blue chip info from a start-up pinkie anyway? Why did you invest in this?
Nosey: I want to seek them with you. I really mean that! Can you just take a more constructive tone? Thats REALLY all I'm asking.....
Best to you!
Nosey:
I simply submit that when you still have an investment that you would like to succeed, despite the evaporation of some water from the previously full glass because of a protracted 'silent period' that may well be because of long, difficult and sensitive negotiations, it does not help to look to destroy YOUR company's credibility. You do not know if your worst fears are true. So WHY can't we discuss our concerns and our hopes without trashing our company???
Nosey: We don't presently have the answers to your 'bashing questions'. It seems clear that the company is presently attempting to go in a new and exciting direction. The latest PR speaks to that. Answer my question: Other then your right to vent your spleen and throw the company under the bus, exactly HOW does your bashing with malice help OUR investment?
With all due respect to you and wishing you best of luck!
Our hopes for the near future:
"If successful, the Company will receive, as its part of the Joint Venture transaction an operational facility located in Central, Louisiana, that involves 30 working and active wells that will produce over 3500 bbls/oil/month which will be free and clear of all debt. This field has a Geologist Report showing its current value being in excess of $13 million. This project will produce an annual net income in excess of $1,800,000. In addition, the Company will receive a cash position of $4 million for further investment in the oil and gas industry via "Farm-outs" and direct working interest investments.
In summary, if concluded this joint venture transaction will place over $17 million of economic asset value into BIGN with no debt and a joint venture association with the operating company of the East Texas Oil Field for future business associations."
Comment and question to the board:
While I would go to battle for any of your right to comment, question or bash BIGN I TRULY do not understand what possible good anyone feels is gained by bashing a company you own?
You say "no one is buying at these prices", well WHY would a speculator even dip their toe here when the first thing encountered are post after post of bashing?
While it is true that the company has been too silent for too long, it appears that is about to change. If your patience only extends this long, WHY did you invest here in the first place?
What did you expect from a pink sheet company in the energy business? Do ANY of you remember a company ticker TGA? People killed it for a long , long time. But there were hints; small glimpses of what was going on behind the scenes and then one day BOOM! The news came and the price took off. Did ANY of you make money there? I did. And many others did who had the guts to invest in a speculative venture and wait it out.... WITHOUT throwing our company under the proverbial bus!
Finally, if you have gripes with the company, tell them. If you insist on venting here then at least balance your comments with the specualtive hope that brought you all here in the first place. How could THAT hurt? At least potential new investors will get the 'good with the bad'. Remember, while we don't know that our best hopes are fully true for BIGN we also DO NOT KNOW that your worst fears are either.
Bottom line: If your invested here then lets support our company and our investment! If you have other agendas then please don't look to hurt honest, well meaning investors here.
Amen IW!! eom
Thanks so much cool! eom
And in a day and age where a company like Suja can still defraud honest people of their money it becomes IMPERATIVE that ANY company wishing our long term loyalty live up to the highest standards of the new regulations. Lets give management at least a positive nod for having enough sense to mention the new Pink Sheet requirements and publically make the highest level their goal. Like with the LOI, etc, they must now follow through to be FULLY taken seriously. Then the new investing money will flow in and IMHO, the pps goes to giddy heights!
Still praying and hoping!
Best to you!
LOI = Letter of Intent to put a deal together with an unnamed E. Texas oil and gas company that IF completed would change the face of BIGN forever and for the better.
PPS = price per share which if the LOI is completed would rise significantly, we believe.
IMO = In my opinion or In my humble opinion, of which all I say is just that!
Best of luck. Learn more before investing more!! IMHO :)
IMHO, when I see, all of a sudden, new posters arriving on this and our other sister boards all saying good things about our company's future, I get a strong feeling that they are the 'advance scouts' just prior to major news. So it would not surprise me at all if a major PR was close.
Best to all!