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"the company IS trying to rebuild its credibility and if you would just give it a chance instead of harping on everything negative from the past, repeating it all over and over and stopped to think for a second... you would see that the PR's are not full of outrageous claims, the numbers they claim are quite conservative.. and there maybe, just may be a chance that BDGR is not the same company as your preaching from '05 and '06.."
You damn idiot. They just promissed us complete '06 financials! Where are they? Don't tell me there is something new. Just publish the damn '06 financials! That would make me happy. I'd even be quiet for a couple months. But don't lie to my face and expect me to be ok with it.
"+ I already have a bitch..."
Nitwit, that statement pretty well sums up who you are and why you got no problems pumping BD. Poke you anywhere and puss pops out.
""Management's intent is to make Black Dragon a fully reporting entity and become listed on an exchange.""
Nitwit, management has been saying this forever. If they wanted to do it, they just would. It all starts with having an audit done. Are you as stupid as you sound! All you do is repeat managment PRs when this company has no credibility. Paid Pumper!!!
"Goals for April:
-- 5 new gas wells drilled and put on for the Arkansas lease
-- Get 4 new water wells operational for the Muslow S lease
-- Address 9 other leases
-- 50 new old wells put on pump
-- 9,000 Bls shipped"
Hey Nitwit, the goals for April are nothing compared to '05 and '07. And where is the complete '06 financials just promissed? And where is the audit promissed for the last two years? Still on its way? Why don't you try and explain these PRs:
BLACK DRAGON PRESS RELEASE STATEMENTS:
3/15/2006: RedChip Visibility Report – $1.6M free cash 2006,
-$18M IN FREE CASH 2007,
5/4/2005 : Expect to producing 30,000 Barrels/mo by year end
6/7/2005 : Expect to be producing 1000-2000 B/Day within 12 months
6/22/2005: Expect to reach $1M/mo gross rev by 12/31/2005
9/20/2005: 2005 ann Gr Rev to be approx $5M
11/3/2005: Expect Ann Gr Rev to exceed $5M for 2005
12/29/2005: 285 wells are producing Expect 30,000 Barrels.mo yr end
12/24/2006: Could produce 8,000 Barrels oil in Feb 2006
3/13/2006: 1200 wells, 413 producing
4/4/2006: REV GOAL of $14M for 2006 IS HIGHLY ACHIEAVABLE
4/27/2006: Expects revenues for Q2 to exceed $4M
- Expect rev goal for 2006 to exceed $14M
JUNE 2006 RedChip reiterates:
- Q2 Revenues to exceed $4M
- FY Revenue goal of $14M +
- COMBINED PRODUCTION EXCEEDS 18,000 Barrels/month6/1/2006: BD EXPECTS Q2 REVENUE OF $4M (APR-JUN)
7/5/2006: RedChip Rept: EXPECTS B/E 2006, $13M FREE CASH 2007
7/31/2006: EXPECT 30,000 BARRELS of OIL and 20MMcf GAS BY YR END
AUGUST 2006 RedChip : EXPECT Q2 TO EXCEED $4M IN REVENUES
- SAFE BET THAT BD WILL EXCEED $14M IN ANNUAL REV FOR 2006
- COMBINED CURR PROD EXCEEDS 18,000 BARRELS/MO
8/2/2006: BD EXPECTS TO REACH 30,000 B/MO BY YR END
8/23/2006: FIRST 6 MO REV ARE $1.6M
- MAINTAINS TARGET OF 30,000 B/MO BY YR END
8/31/2006: ANNOUNCES SALE OF 10,000 BOE FOR AUGUST
9/5/2006: EXPECTS 13,000 BOE FOR SEPT 2006
- IN DECEMBER BD SHOULD REACH 30,000 BOE/MO
9/27/2006: MGMT REMAINS CONFIDENT 30,000 BOE/MO
10/3/2006; BD PRODUCES 12,000 BOE FOR SEPT 2006
- REMAIN CONFIDENT ABOUT 30,000 B/MO BY YR END
11/3/2006: 1000 VIABLE WELLS – 450 PRODUCING
- 600 PRODUCING BY END OF 2006
"14c floor developing.... accumulation since the 12th.. BB's tightening.. uptrend coming soon... "
Nitwit, why are you such an irritating little snot. You just make me want to throw up!!! God, I sure hope I never have the displeasue of meeting you. What a whore!!!
"I think Snowcrow tipped his hand with that one."
Spunky, you should stop with the personnal attacks. Go to Pinsheets.com and look up TXHG. Then click on SEC filings. There is no end of filings. Then go to BD and do the same. Nothing there. They are trading at around .60. We have more assets, probably more revenue, and potnetial if this is an honest company, and are trading at .14. Even considering BD has twice the number of shares out we should still be closer to .30.
If you actually own stock in this company you would be supporting my point, that we need transparency to see an increase in PPS. What part of this don't you get?
Suggesting that I have some other motive than seeing BD do well is just a plain cheap shot. Either you're a paid pumper are you can't figure out where your own interest lie. They are not pumping for Lanza.
Litwit, everytime I think about taking a vacation from this board, you show up with something uterly stupid to say. I'm not a basher just a stockowner that wants BD to stop screwing investors! But since your a paid pumper, well, you don't have a clue.
Millionair, sounds reasonble to me. Didn't mean to get so excited.
"From what I gather, they did tend to develop the properties but their miserable net revenue situation and inability to exectute in the field derailed the effort. Probably some leases were "gotten" on terms that would have required a miracle to make them productive, ie, liability exceeded potential asset value."
If you look at the BD principles and some of the board members, these are oil men with a lot of experience. They should certainly know how to negotiate an oil lease, and how to execute on the operating side. So, it is hard to believe they could have given this an honest effort and screwed up so bad. If the leases don't pencil out, BD had to know it.
"a company can make $500k EBIT or EBITDA profit and than end up with a nice loss on the bottom line."
Millionair, whatever are you saying? What does EBITDA mean? Hu? This is basic accounting stuff! It means earnings before interest, taxes, depreciation, etc. The "E" stands for EARNINGS. Not Profit!
Companies all the time issue press releases annouincing increased EBITDA. That is a fair thing to do. It's an important measure. But I've never seen a company issue a quarterly report and call an increase in EBITA an increase in PROFIT.
God, please stop with the justifications for this endlessly lying company!!!
"Never paid for it. It's the one right across the road from the Reslin well/lease. Both are candidates for recompletion with the deep gas plays converging on the area. The Reslin well hasn't been paid for either, that's the one in the Hank "I have a bad ass tattoo" video."
Yeah, this has been one of my fears, that the assets BD scooped up on whatever terms to include in all their PR would eventually be lost to lack of performance. You know, a company that can't produce an audit certainly can't raise any money to develop properties. Of course, it increasingly sounds like they never much intended to develop all the properties.
Again, BD issues more PR lies and the pumpers on this board don't care! Take a look at the PR headline below"
"Black Dragon Reports Increased Earnings for 2006"
Now, go look at the published unaudited financials at PinkSheets.com for '05 and '06. For '05 BD lost $357,000. For the 1st. 3 quarters of '06 they lost $487,000. So, there is no way they increased any earnings. They never had any earnings to increase! Now, you just can't reasonably argue with the fact that BD has no earnings for '06 and yet they are issueing PR saying that they have increased earnings! This company just never stops lying. AND THAT IS LANZA.
Yankee, I thought you said you were going to sell BD and move on. Why are you insulting me? What did I ever do to you?
"Let's be clear. This is my opinion only. I don't represent this as fact. There is a difference. Like, Dragon has lost rights to the Davis well. That's a fact."
Localoil, tell us about the Davis Well? Why did BD lose this lease?
"There's no 2 sides, pump all you want. investors have made a sober assessment of Lanza's bdgr...market's up 100 pts. oil & gas going gangbusters. bdgr down another -6%. drill or be drilled."
This is the plain fact everyone. All the market forces should be lifting BD. The new PR campaign should be lifting BD. But instead BD falls back. The only game left is for BD to come clean. Or sell of the assets. We are close to the end.
"I am hopeful because someone is paying this guy to bash and bash and bash. Something must be afoot."
Spunky, perhaps something is afoot. It is certain that BD's planned new PR show is not working. The market is up, oil and gas especially, but BD keeps falling back. So maybe Lanza has seen the light. The only thing that will save this company is real transparency, and a real audit. That would force Lanza to change business practices. Now, wouldn't that be worth .50 a share. Eventually, you will come around to my point of view.
"The thing is well omog take over in sept.?
AS of today I am OUT.???"
There are a lot of things to worry aboat as regards BD, but the OMOG suit is certainly not one.
"Management's intent is to make Black Dragon a fully reporting entity and become listed on an exchange, when pigs fly."
They have been saying this for how many years? Yes, a fully reporting company. This is so damn sad. Here we have the Dems about to force and end to the fiasco in Iraq, which will almost certainly leave the region in crises. Oil will likely go through the roof, while the rest of the market goes south. We could see 100 a barrel by fall. YES LANZA, A FULLY REPORTING COMPANY. WHAT WOULD IT BE WORTH. If only it were true. if only Lanza's interest were the same as outs!!! Just so damn sad to be so right about the oil market and so wrong about this little company.
"The thing is, we purchased, or at least I purchased this stock because I believed in the concept and truly want the company to succeed. Even if their contribution to our energy problem is small, it’s a contribution."
I purchased this stock based on BD lies.
"Black Dragon Reports Increased Earnings for 2006
Tuesday April 24, 1:32 pm ET
OIL CITY, LA--(MARKET WIRE)--Apr 24, 2007 -- Black Dragon Resource Companies (Other OTC:BDGR.PK - News) today announced that Gross Revenue for 2006 was $2,482,219.69 vs. $1,099,460.33 for 2005. These are management's figures, subject to audit."
Hmmm. The published revenue figure for BD per the '05 financials listed on PinkSheets.com is $729,851. It is my understanding that per accouting regulations, this is all they can claim as their revenue. Is this the requirement per GAP? Per accounting regs --- and I bet this is the case --- BD can only count revenue that is their revenue. That would now make sense!!!
Any ideas Nitwit as to why the unaudited fiancials for '05 list only "net revenue" of $729,851 and the PR list revenue at $1,099,460? If the 1,099,460 is not really BD's revenue, isn't that, well, misleading?
"And I need about a buck to get back to break-even. Of course, some of my decisions might have been different if Michael had bothered to mention the company was diluting from 40 million to 60 million shares."
Isn't that true. I just wish that half or even a third of the RedChip story was true. BD can sure run a scam! Don't hold your breath for an audit!
"I still don’t understand why the bashers are here."
The bashers are here because BD and Lanza have screwed a lot of people with their bogus lieing PR. Actually, while I suspect their may be a paid basher or two posting, I'm certain there are even more paid pumpers around. Me, I'm the real thing, an angry screwed stockowner. I want to price to go back up, which is why I tell the truth about BD.
Niwit, regarding your request below:
"Please provide concrete evidence for all of us that this is a scam..."
How about the 18-million in free cash flow they promissed for this year? Per the '05 and '06 PRs, this has certainly been a scam. Here for your benefit I respost once again:
So, Nitwit, is this evidence enough???
BLACK DRAGON PRESS RELEASE STATEMENTS:
3/15/2006: RedChip Visibility Report – $1.6M free cash 2006,
-$18M IN FREE CASH 2007,
5/4/2005 : Expect to producing 30,000 Barrels/mo by year end
6/7/2005 : Expect to be producing 1000-2000 B/Day within 12 months
6/22/2005: Expect to reach $1M/mo gross rev by 12/31/2005
9/20/2005: 2005 ann Gr Rev to be approx $5M
11/3/2005: Expect Ann Gr Rev to exceed $5M for 2005
12/29/2005: 285 wells are producing Expect 30,000 Barrels.mo yr end
12/24/2006: Could produce 8,000 Barrels oil in Feb 2006
3/13/2006: 1200 wells, 413 producing
4/4/2006: REV GOAL of $14M for 2006 IS HIGHLY ACHIEAVABLE
4/27/2006: Expects revenues for Q2 to exceed $4M
- Expect rev goal for 2006 to exceed $14M
JUNE 2006 RedChip reiterates:
- Q2 Revenues to exceed $4M
- FY Revenue goal of $14M +
- COMBINED PRODUCTION EXCEEDS 18,000 Barrels/month6/1/2006: BD EXPECTS Q2 REVENUE OF $4M (APR-JUN)
7/5/2006: RedChip Rept: EXPECTS B/E 2006, $13M FREE CASH 2007
7/31/2006: EXPECT 30,000 BARRELS of OIL and 20MMcf GAS BY YR END
AUGUST 2006 RedChip : EXPECT Q2 TO EXCEED $4M IN REVENUES
- SAFE BET THAT BD WILL EXCEED $14M IN ANNUAL REV FOR 2006
- COMBINED CURR PROD EXCEEDS 18,000 BARRELS/MO
8/2/2006: BD EXPECTS TO REACH 30,000 B/MO BY YR END
8/23/2006: FIRST 6 MO REV ARE $1.6M
- MAINTAINS TARGET OF 30,000 B/MO BY YR END
8/31/2006: ANNOUNCES SALE OF 10,000 BOE FOR AUGUST
9/5/2006: EXPECTS 13,000 BOE FOR SEPT 2006
- IN DECEMBER BD SHOULD REACH 30,000 BOE/MO
9/27/2006: MGMT REMAINS CONFIDENT 30,000 BOE/MO
10/3/2006; BD PRODUCES 12,000 BOE FOR SEPT 2006
- REMAIN CONFIDENT ABOUT 30,000 B/MO BY YR END
11/3/2006: 1000 VIABLE WELLS – 450 PRODUCING
- 600 PRODUCING BY END OF 2006
What do you mean?
Posted by: likwit
In reply to: None
Date:4/23/2007 5:07:58 PM
Post #of 5188
"nice post..."
Nitwit, have you taken up talking to yourself? What a brain dead moron you are!!!
"At this point why should we care if it's a scam other than whether that affects our break even or profit?"
Spunky, if all you want is a .10 move, then it probably is in your interest to support Lanza's latest PR scam --- and let's face it, we both know it is a scam. But if you want a .50 move --- which is what I need --- then it is in your interest to try and force Lanza to run an honest company. He will never deliver an audit unless he is forced to. Delivering an audit would force him to do things that will increase BD share holder value at his expense. So, it you really care about this company and shareholder value, you need to get seriuos about demanding tranparency and an audit. BD has value, but not with Lanza running the show.
Accurate, I just did for his benefit... Not that I expect it to help. He is a paid pumper.
Niwit, regarding your request below:
"Please provide concrete evidence for all of us that this is a scam..."
How about thew 18-million in free cash flow they promissed for this year? Per the '05 and '06 PRs, this has certainly been a scam. Here for your benefit I respost once again:
BLACK DRAGON PRESS RELEASE STATEMENTS:
3/15/2006: RedChip Visibility Report – $1.6M free cash 2006,
-$18M IN FREE CASH 2007,
5/4/2005 : Expect to producing 30,000 Barrels/mo by year end
6/7/2005 : Expect to be producing 1000-2000 B/Day within 12 months
6/22/2005: Expect to reach $1M/mo gross rev by 12/31/2005
9/20/2005: 2005 ann Gr Rev to be approx $5M
11/3/2005: Expect Ann Gr Rev to exceed $5M for 2005
12/29/2005: 285 wells are producing Expect 30,000 Barrels.mo yr end
12/24/2006: Could produce 8,000 Barrels oil in Feb 2006
3/13/2006: 1200 wells, 413 producing
4/4/2006: REV GOAL of $14M for 2006 IS HIGHLY ACHIEAVABLE
4/27/2006: Expects revenues for Q2 to exceed $4M
- Expect rev goal for 2006 to exceed $14M
JUNE 2006 RedChip reiterates:
- Q2 Revenues to exceed $4M
- FY Revenue goal of $14M +
- COMBINED PRODUCTION EXCEEDS 18,000 Barrels/month6/1/2006: BD EXPECTS Q2 REVENUE OF $4M (APR-JUN)
7/5/2006: RedChip Rept: EXPECTS B/E 2006, $13M FREE CASH 2007
7/31/2006: EXPECT 30,000 BARRELS of OIL and 20MMcf GAS BY YR END
AUGUST 2006 RedChip : EXPECT Q2 TO EXCEED $4M IN REVENUES
- SAFE BET THAT BD WILL EXCEED $14M IN ANNUAL REV FOR 2006
- COMBINED CURR PROD EXCEEDS 18,000 BARRELS/MO
8/2/2006: BD EXPECTS TO REACH 30,000 B/MO BY YR END
8/23/2006: FIRST 6 MO REV ARE $1.6M
- MAINTAINS TARGET OF 30,000 B/MO BY YR END
8/31/2006: ANNOUNCES SALE OF 10,000 BOE FOR AUGUST
9/5/2006: EXPECTS 13,000 BOE FOR SEPT 2006
- IN DECEMBER BD SHOULD REACH 30,000 BOE/MO
9/27/2006: MGMT REMAINS CONFIDENT 30,000 BOE/MO
10/3/2006; BD PRODUCES 12,000 BOE FOR SEPT 2006
- REMAIN CONFIDENT ABOUT 30,000 B/MO BY YR END
11/3/2006: 1000 VIABLE WELLS – 450 PRODUCING
- 600 PRODUCING BY END OF 2006
Oil prices are back above 64 a barrel, but does our little scam company benefit? Hey Nitwit, why do you think that is?
"It would appear that several unpleasant events are unfolding -and I'd truly love to share that very public information with YOU of all people, but I'd rather see you continue to make a total fool of yourself."
57tbird, care to elaborate? What are they saying down at the oil patch?
"NOBODY, i repeat NOBODY would post the way localoil, snowcrow, 57tbird, etc posts, without hoping to get something in return.."
Nitwit, the reason I post here is to help drive the stock up. I believe the truth in the only hope we have, assuming there is any. You believe more of the same bogus hype will work. I don't see that happening.
"PR leads you to expect at least $2.5 - $3 mil for '07.... we all know it's going to be much more... production increasing each quarter with a 600,000 1st quarter.."
Nitwit, the '07 PRs are nothing compared to '05 and '06. I remember when we were supposed to earn 18-million in free cash flow last year. Here for your review are all the old BD PRs about production. And you still want me to believe them now, when they can't even publish the financials they promissed us a few weeks ago?
BLACK DRAGON PRESS RELEASE STATEMENTS:
3/15/2006: RedChip Visibility Report – $1.6M free cash 2006,
-$18M IN FREE CASH 2007,
5/4/2005 : Expect to producing 30,000 Barrels/mo by year end
6/7/2005 : Expect to be producing 1000-2000 B/Day within 12 months
6/22/2005: Expect to reach $1M/mo gross rev by 12/31/2005
9/20/2005: 2005 ann Gr Rev to be approx $5M
11/3/2005: Expect Ann Gr Rev to exceed $5M for 2005
12/29/2005: 285 wells are producing Expect 30,000 Barrels.mo yr end
12/24/2006: Could produce 8,000 Barrels oil in Feb 2006
3/13/2006: 1200 wells, 413 producing
4/4/2006: REV GOAL of $14M for 2006 IS HIGHLY ACHIEAVABLE
4/27/2006: Expects revenues for Q2 to exceed $4M
- Expect rev goal for 2006 to exceed $14M
JUNE 2006 RedChip reiterates:
- Q2 Revenues to exceed $4M
- FY Revenue goal of $14M +
- COMBINED PRODUCTION EXCEEDS 18,000 Barrels/month6/1/2006: BD EXPECTS Q2 REVENUE OF $4M (APR-JUN)
7/5/2006: RedChip Rept: EXPECTS B/E 2006, $13M FREE CASH 2007
7/31/2006: EXPECT 30,000 BARRELS of OIL and 20MMcf GAS BY YR END
AUGUST 2006 RedChip : EXPECT Q2 TO EXCEED $4M IN REVENUES
- SAFE BET THAT BD WILL EXCEED $14M IN ANNUAL REV FOR 2006
- COMBINED CURR PROD EXCEEDS 18,000 BARRELS/MO
8/2/2006: BD EXPECTS TO REACH 30,000 B/MO BY YR END
8/23/2006: FIRST 6 MO REV ARE $1.6M
- MAINTAINS TARGET OF 30,000 B/MO BY YR END
8/31/2006: ANNOUNCES SALE OF 10,000 BOE FOR AUGUST
9/5/2006: EXPECTS 13,000 BOE FOR SEPT 2006
- IN DECEMBER BD SHOULD REACH 30,000 BOE/MO
9/27/2006: MGMT REMAINS CONFIDENT 30,000 BOE/MO
10/3/2006; BD PRODUCES 12,000 BOE FOR SEPT 2006
- REMAIN CONFIDENT ABOUT 30,000 B/MO BY YR END
11/3/2006: 1000 VIABLE WELLS – 450 PRODUCING
- 600 PRODUCING BY END OF 2006
"PR leads you to expect at least $2.5 - $3 mil for '07.... we all know it's going to be much more... production increasing each quarter with a 600,000 1st quarter.."
Nitwit, why is this year's PR any better than last year's bogus PR?
"10/3/2006; BD PRODUCES 12,000 BOE FOR SEPT 2006
- REMAIN CONFIDENT ABOUT 30,000 B/MO BY YR END"
"snowcrow you win I will sell my shares and move on.After all I gave you Med,DK,ALJ,WNR all up.The train is back on track."
Spunky, I'm just responding to Yankee's post saying he had decided to get out.
Yankee, I understand. If I had an average cost of .20 as you do, I'd get out now too. Good luck.
Yankee, are you trying to say that Lou wants a board seat because he trusts BD management!!! We both know that ain't true.
"If I buy more shares it's because the audit is done."
Again, shame on you. Still pumping the audit?
Looks like Lou has disappeared from the board! Maybe he can't even find anything positive to say? Wonder how his quest for a board seat is going? Got to say, though, that I don't think a prudent person would want the likely risk associated with being on the BD board. Who knows what you might find out.
"They can't sleep BDGR got them down up early on Saturday, time to buy more some thing must be in the works.Joe might pull a rabbit out his hat or a buyer."
Yankee, you should be ashamed of yourself, trying to suck investors into this company with a bunch of lies.
"The good news is that we are pretty much at the endgame. There is not really anywhere to go for BDGR. Either all the rumors of a buyout and audit are finally true or they are scrambling to hide what money they can and all going to board a plane to the Cayman's."
Goog point. Several weeks ago when the "board resignations" were first announced, I took a wait and see approach. And tried to put some faith in Lou's optimistic spin on the events. I never believed the optimistic scenario, but I tried. I might still be hanging in there some if the company hadn't promissed to publish financials a couple of weeks ago and then failed to deliver. You have to remember Spunky, that this is a company that flat out lied to me last fall about the audit. I was told it was coming back from the auditor any day and would almost certainly be ready by the following Monday. They flat out lied. With Barry gone, Lanza is back to pumping the company with new PR, some of which has already proved false. So, my conclusion, despite my hopes and interest, is that this thing is going south. Looks to me like they are trying for one last big pump and dump move. This is a company with a documented history of lying and stock pumping. Just go ask RedChip. The one thing they need to do to increase the PPS, is to become transparent, to mitigate the past history. They will not do that. And so there is only one reasonable conclusion to make. The rest is all wishful thinking. God is not going to bless BD with a miracle.