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I had around 650k shares purchased 2 1/2 years ago starting in the spring of 05' and continuing until just this past early Nov. dollar cost avg. down. Remember when the shares went from .30 to 2.00 due to Rick M lies and Red Chip. My average was around .35. I will have huge losses this year and probably carry them forward for many.I learned and actually made money on the last pump. I do feel bad for all the investors out there and my advice would be to steer clear of all pk stocks. I would already be retired if I had held on to my original portfolio of all O&G stocks. Stick with large exchange listed stocks and even though you might not own thousands of shares you will have much more value in the bigger stocks and safety and you won't have to post on message boards feeling upset for being taken to the bank. I only have one pk stock left and Dragon Man knows which one as I see him posting on it daily. I have 1.2mil shares and still believe "what a sucker" that it might just make it but have written it off in my head for now.
Here's another good scenario- Lanza sells his 80 million shares for say .10 a share. Then he issues "One more lie"-The funding group decides to back out due to demands not met. Millions of shares hit the market and stock falls to subpenny where the funders thank Lanza for the 30 million dollar discount. Lanza resigns and disappears-funding group not responsible for release. New Press release issued saying funding groups demands have been met and are now the 51% owners of BDGR. First years revenues increase but after debt and loan payments the company posts year to date loss.
Now this is a likely scenario that I could believe in!!!!
The big question is what is the "set price". Lanza can just vote or issue more shares for the 115mil. He gets all the proceeds and you get nothing. If they needed shares in anticipation of this don't you think they would of bought all these "cheap" shares over the past 2 months. Now think about it and read my prior post as to what the real value of this company is irrespective of the outstanding shares. Look at what SNG paid for Seeker "1200bbls/day and future drilling prospects. The same as Black Dragon has or should I say with a large dose of reality "Not Verifiable but probable". Black D does not have anywhere near 1200bbls/day and their net is pretty poor. Also one more thought. Do you think Lanza will give up his overriding interests-I Think Not-Those are like dividend's to him-probably help pay for all the oxygen he uses!! So payback will take a lifetime for our mystery loaner!!!! These stripper wells cost a ton to get just a barrel out of. You will need thousands of wells just to get to our long promised 3k barrels/month. Ain't going to happen!!! The loans will have to be paid back first! One thing I have learned is make sure you know the debt levels of the companys your invested in. I got burned in El Paso -great company with a ton of assets but mega debt that killed them. They had to sell of most of the company to pay off the debt. So dont forget about our debtors who want to loan us 100mil. You will be the last to collect when the bills come due!!!
I wish you the best of luck. My patience ran out and what little is left I want to start to make it back. How many times over the last 2 years have we been told these same things? Always hope and dreams-that is what Lanza feeds on-and us gullible shareholders buy into it. Did you not realize Lanza just issued another 1/3 of the whole companys outstanding shares. What will that do to your shares. Lanza is the only one who is going to make out on this-not the common shareholder-just insiders!!! Remember it is HIS COMPANY- NOT YOURS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Didn't Lou just state a couple posts ago that a legal audit will not happen due to Lanza's past. I think you must have some pump qualities!!!! I would think he would know over your so called mystery email. And you will certainly not be up a buck but definitely out of your hard earned money for sure as this heads back to <.02!!
So who the hell is Jeff Tuxedo-Do you belive everything you read? There will be no audit just more of the same like the past two years of lies. Get real and if I'm a shorter then why would I sell like this morning 50k shares between 9:30 and 10am for .054 (5k) .053(2k) and 42k (.052). Check it out on Level 2 if you don't believe me. I am just sick and tired of waiting forever. Thank God I got out of the other pinks and watched them all fall to sub penny. I'm learning you are not!!!!
Kenco, I too can't believe it but if you read the news they have a 1TCF field that the market has not picked up on yet. Go figure what 100 million cubic feet a day is worth along with 1200bbls of condensate a month and add that to the stock price!!! This is no BS as BG approved of these press releases too. This is still a great long term play and with 2 more 16k foot wells to go I think Craig M will turn his million shares into 20 million dollars. Remember BG is their partner and that would be like Exxon being BDGR's partner. Patience is what makes great investors but not so in the pink sheets. SNG's canada operations are worth 2-2.50 alone so the stock is still a great buy. Picked up a couple more thousand this morning. Add Seaker for another .50 cents too. Keep an eye on this and I'll be back in a month or so to tell you all again what I've told you so far.
NO -I Have done well over all these years except for the last 2 and made a decent amount. Who wouldn't have given that oil has gone from 10 to 90 bucks a barrel. My big mistake was getting into these pink sheets for the huge hit only to realize they are the biggest losing proposition anywhere. I lost a lot on many pinks not just BDGR. What I made in 5 years on the big oils I blew on these pinks. Lessen learned. I at one point owned every large and medium O&G stock that you know about. This has been a very painful lesson. The problem that I realized is they can say whatever they want and there is no verifiable numbers "Audit". Remember Nord Oil "NWOG" well I got burned in that and a bunch of others. They are all the same-lies all the time. I can't see how the SEC lets this all happen!! I now just sold my last BDGR shares today and wish you all the best in this stressful investment but don't count on anything good happening just more lies,lies..... as history has verified. My prior post as to the true value of this company should not be ignored-it really is worth about .05 cents a share. Forget about the deep rights-those would of been found by the majors a long time ago when they held these same leases.
Pumper- I guess not. Did you all see the news this morning like I said would happen on SNG. Watch the stock go up nicely today. I will make 50k today alone!!! Why don't you all listen very carefully and maybe you too can leave this POS company behind and move on to better days. Why would I tell you all this-is because I feel for you all and want what you all want and that is for my and your investments to go up not down. I have made other people money in this and this is still the best stock in my 20+ years of investing in the O&G sector. Cha Ching..........
This is no pump and I am sure no pumper. Say goodbye to your last 2200 bucks and may Lanza's family profit from your mistakes. Another trip on the private jet for his daughters shopping spree.
Ye ha......... Remember the old saying "A sucker is born every minute"..Oh ya your dollars wont be worth crap in another couple years anyway!!
SNG of course!! 300k bet -watch stock Monday morining-maybe annoucement.
Oh one more thing- If black dragon is say worth 10mil then 10mil divided by say 200mil shares or more put a share price of .05 which is just where Mr Market says it is right now!!!!!!!! So you all see that the market is the best indicator of what a company should be worth. Stop all the infighting-the takeover of the company did not work out for us shareholders. I lost around 100k and it has been the most expensive lesson in pink sheets ever. I will never buy another stock with 4 letters to its trading symbol. Yes I got screwed real bad but I am determined to make it all back and more. I have done it a few times and will do it again. You all really should cut your loses and move on or get together and sue the hell out of Lanza. It takes a lot of guts to say your wrong and fold the cards-we humans hate to lose!! That why millions of people play the lottery everyday-for the dream and hope of hitting it big. Pink sheets are almost the same-99% losers and maybe if your lucky 1% winner but it is the 1% that keeps us humans playing the game.
You Sir just flushed your hard earned dollars down the hole...
Lets see here everyone. As an example Canadian Superior "SNG"just bought a company in Canada that pumps 1200bbls a day or 36k a month. The purchase price was 52mil + 8 mil debt for a total of 60mil. Black Dradon is far from 36k a month try like 6k if their lucky and that is not even verified. So 1/6 as much which values BDGR at maybe 1/6 of 60mil or 10mil. Forget the outstanding shares of eaither company-this is based on bbls of oil a day and what a large amex listed company bought it for. And lets not forget that this is what they are pumping today-not tomorrow after millions of dollars spent and need to repay. This 100mil is a pipe dream-I am out and I hope you all can see the writing on the wall-no more hoping and no more dreaming for reality will soon be knocking on your doors!!!!
I second that expiration!!!!!!!!! Lanzamustgo is no pumper only another screwed shareholder who would like to see some justice done be it any way possible........
CHQ has nothing but debt ahead and SNG has the mayaro block which should be all oil. They also just got another 1200bbls from the company they just bought for around 4500bbls a day!! Also SNG has 45% of the proceeds and only is paying 23% of the costs. SNG has more deals to be announced soon. The real value is in SNG where I have over 100k shares invested. I'm so sure of this one I am betting the farm on it!! My avg cost is around 2 dollars so I am already way ahead. CHQ is more of a speculative investment. If anything goes bad they will hurt the most. Yes they have done great so far but we are only 1/3 of the way there with many more SNG deals on the horizon. Craig M is in charge now of SNG and that is the man I want to be behind cause he will take the company to 20-30 or more dollars in the next 2 years-you just wait and see. He did not leave BG for peanuts. This guy has many connnections in the investment world. This is probably the best stock I have ever come across in my 20 years of investing in O&G!!
Well fellow investors, I am just about done with this stock and have decided to get what I can and move on to better investments. No more pk stocks for me ever!! I have lost almost 100k and am still mad as hell. If someone or group decides to file a suit you can count me in. This summit bid is for the birds. Who in their right mind would funnel 100mil into this POS company when they could of just bought it on the cheap. Something smells real bad here. I only have 50k left now just to remind me of my stupidity!! I have sold around 700k shares and appreciate the last pump and dump so I can now find better investments like SNG. I will make it all back on this stock-check it out-3 world class wells and the first is huge!! I will need the write offs. Best of luck to you all but I would get out while you can. Even if the summit deal goes through who do you think will get the profits first-NOT YOU!!!!! Remember this is a loan to be paid back- not some fantastic buyout offer. Adios.......Best of luck to you Lou!!
This is Lanza's last desperate pump. I unloaded another 100k shares yesterday and took the money to happier investments. I have lost a ton but will use the write offs against SNG which is going to soar this year. They are drilling 3 world class wells off T@T with the first one a success! I even made some good money yesterday on the daylong rise. This has been my worst investment in 20 years and I can only say I learned a lot about pink sheets. Never again!! I do hope for all your sakes that this works out and I even have 200k shares left just in case. Best of luck and may Lanza rot in jail someday I hope!!!!!!!!!!!!!!!!
To All, I hate to tell you but I told you this would all happen. Too many had their heads in the sand. Glad I dumped most of mine at .09! I am slowly learning the PUMP and am not going to get burned anymore. There is little light left at the end of this tunnel and I urge all shareholders to support any future legal action against this SOB. There was one post that said it all but was deleated. It was from the big investor group in New York. Remember "larryny"? Well he knows Lanza better than anyone and he cashed out everything during the recent PUMP and thanked Lanza for his exit. That told me to sell for sure. He mentioned the vast Saudi oil sands under Black D leases....what a scam!
Lanza, I have a lot of shares and you did not even get a pencil mark from my sheet! You are a tired old man who will pay dearly in the afterlife. You have no human feelings except for your well taken care of family with our money. I hope an illness strikes you and you are left helpless in a windowless room. Maybe then you can reflect on all the harm you have done to your fellow human beings. I pray you make amends soon or some crazy pissed off investor will come for you. Amen
Did.. One great tip to make some serious almost foolproof money. Look at Canadian Superior Energy ticker SNG. Go to the investorvillage web site to learn from some of the guys there. Do some DD on it. I have over 80k shares and it is my single biggest investment ever in stocks. I made 60k yesterday and it is still way undervalued. This is what I buy when I sell Black D!!!
Did.. I mean't no disrespect. You have a great profession and I will never get involved in pinksheet stocks again. This was my first and last time. No accountability whatsoever!!! All lies and promises which never come true. Stick to the big boards and you will not have near the risk that these pose. I have lost over a 100k this year in pink sheets. They are nothing more than legalized gambling but even worse. You have about a 95% chance of losing and maybe 5% winning. I have learned the hard way and will not go this route again. Best of luck to you.
Did... Your name must be related to being a dentist? Anyway I unloaded half of my shares at .09 and am glad I did. This Lanza has never told the truth about anything. Everytime a pump and dump! A lot of eyes are on him now and I hope for his sake he does the right thing. For if not with all the new shareholders plus the old getting taken on this lastest ploy then legal action will surely follow.
Hi Kenco- I've read your posts and I like what I see. I have only been in this for that long-as it is, way too long!! You seem to know your legal stuff well and I appreciate your input! There has to be some value to this company or there would not be all this crazy infighting going on all the time. Patience is the name of the game in investing, good DD and a little luck never hurts either. I got burned as it was my first pink sheet stock. I will never be back in these stocks as their is no accountability whatsoever. Lesson learned the hard way. I have 1/4 mil riding on SNG and I am 99% certain it will be at 10 by end of 08 and 20 at 09. Then time to retire. Look what it did today. I have done some serious DD on that one. It is off the radar screens of most analysts and money managers. Best of luck in your endeavors and let's hope Lanza makes it to a cell some day.
I told you guys this would happen about 50 posts ago. Does no one listen to common sense? I sold at .09 but still have plenty of ammo just in case. Lanza will suck this dry to feed his daughters shopping sprees in Texas and the private jet trips. He lives life like a king while we keep losing our money. He has never told anything that has come true in over 2 years!! This will be back at .02-.03 after the meeting unless a small miracle happens. Glad I put all my money in SNG as it is rocketing to the moon-80k shares baby. I'll need some loses from this POS stock!!
Well guys-You know the old saying"If it's too good to be true it probably isn't". History will repeat itself here and I see some really burned up shareholders down the road. This is all pie in the sky foolishness!! Show me a sliver of hard evidence and you might turn my thinking. Lou and company are standing aside to let this happen but even they don't know all the details.
Factfinder, I as a shareholder would like to see all this in writing and submitted to the shareholders for a vote. Is that not the correct way to do this. You make so many statements with nothing concrete to back it up-just hearsay! We know who you work for and are posting to counter all of us screwed shareholders. Maybe if you had gone on our ride you would understand the frustration and anger toward Joe Lanza. You will be dealing with lawsuits if this is not done in an open and legal way. I do want what is best for us and until I see proof it is just another Lanza ploy!!!
Gekco- There are still a lot of if's to this deal. The funding is just that-funding(debt) that the majority shareholders(Summit)51% will get back from revenue long before we(49%)shareholders see anything. This deal is not a buyout!! Yea-2 or 3 years down the road Black D might be doing quite well but not in the immediate future. Two of the new directors have extensive oil experience and plenty of funding from what I have been told. They are located in Texas. The other director is Lou and I know he is honest, trustworthy and lives down the road from me. He does not have any oil experience but is a very successful businessman who runs and owns his own company. I trust these guys which is far and above Mr Lanza who has lied untold number of times to all of us shareholders over the last two years. There has never been a verified audit after many promises of one. Malone and Bailey-one of the top auditors in the country would not do our audit-read Joe's Pr on that one back in Sept or Oct. So I myself trust no one in Lanza's circle and am still very unsure of this deal. There were many PR's over a year ago that stated they would be pumping 30k barrels a month-never happened-not even close. Missing/not collected oil in the tanks-another ploy of Lanza to skim off our money. This guy should be behing bars for all that he has done. I would give up all my shares if I knew he was in jail till the end of his days. And I do have a lot of shares-some of which I just recently unloaded for tax loss purposes and some for gains. I still have plenty for I believe that justice will prevail providing the new board is still in place. I am an engineer at MIT and know a thing or two. Best of luck to everyone but keep one eye and both ears open!!
Spunky- Great Post!! This is exactly what is happening and might happen. Please everyone-Lanza will have all these new shares and by voting him in will make them legal and were not talking just a few shares but millions which will cut your shares in half!! Vote for the new BOD as they have great lawyers that are looking out for the shareholders(US).
Listen Carlson- If it were not for the new board we would not even be here!! It was the new board that got Lanza up on the defensive and came up with this pie in the sky proposal. His ass and existence is on the line!! You obviously don't know how lawyers work and the time it takes to get the job done. Anyway the lady did bring up some points but only from a one sided perspective (only talked to lying Lanza and his cohorts). You need both sides of every story. I know a lot of what is going on and I can tell you to have a little more patience. Lanza will suck you all dry and be laughing all the way to the bank. By the way Spunky and Lanzamustgo have it all right-you would do well to listen very carefully to what they have to say. End of story!!!
You should stick to what you know best-real estate. It's incredible that there are so many people who are just plain ignorant of the facts. Have you not learned anything in the last 22 months!! Why don't you call our new board and get their opinion too rather than just listen to more lies- You did not call them did you-poor DD. This pump is Lanza's last desperate attempt to rally support. It will all come crashing down shortly-Just wait and see. The new board has been quite for very justified reasons which will come to light soon. Take your profit or loss now while you still have a chance. Remember it was under Lanza's watch that took the stock from 2.00 to .02!!! He is a master of manipulation. Stick with the new board for it is our only hope of a honest and fully reporting company-no more lies over lies. Wake the hell up everyone!!
This is my first post. I have owned this piece of s..t stock for way to long and I must say I have followed all of these pathetic posters and the lies that they have spread. Lanza is the scum of this earth and for anyone to believe anything he says is probably just as stupid as he is-for he is going to jail-god willing for all the incredibly dishonest things he has done. I will say this once- You best not vote for Lanza and support the new board. I have around a million shares and our best chance for success is to take this company back and turn it into a fully reporting company. This is Lanza's last stand and hopefully last lie. After two plus years of lie after lie and you all still don't get it. Get with the program everyone and don't let greed turn your minds. We all got duped and it's time to stop this madness!!!! The vote on the 16th will not happen legally! I will personally contact the SEC and submit all my evidence even though I might lose it all if Lanza pulls this one off- I hope you are reading this Lanza because I have the money to hire an army of lawyers AND would like nothing more than to see you behind bars which is where you belong. DO NOT VOTE FOR LANZA!!!!!!!!!!!!!!!!!!