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There can be no doubt that Lou will carry shareholders interests forward. The doubt is whether Lanza will EVER be up front and truthful, or will continue his wanton ways to blow smoke at everyone.
Like most of us, Lou lacks any knowledge of the oil exploration business and may not know the right questions to ask.
Localoil - or anyone - have any thoughts on specific questions Lou might consider posing to Mr. Joseph Anthony Lanza - beyond the obvious ones?
Agreed. The unfortunate part of this, without any concrete information coming forth, no one knows for sure which way the wind is blowing, or will turn next.
How was that Bread?
Wonderful. For a man of Integrity who repeatedly claims to have the best interests of shareholders in mind, I would think your time would be better spent calling Lanza and getting even the most basic questions about this company answered.
Since you haven't, does this mean (1) Lanza won't give you a straight answer? (2) You already know the answers and don't want to share them, or (3) You prefer to aimlessly blurt out insignificant rants here instead?
Or maybe all three apply.
Let me see if I understand your convoluted logic:
The stock price has fallen considerably, so you consider it a good time to buy. (I half wonder if you bought Enron on its way down just because IT was "bargain priced")
Any questions in your mind as to why the stock price might have tumbled as it has?
Clue: Lots of people (myself and LuLu included) purchased this stock as the company continued to issue false PRs claiming continual increased production with even more on the immediate horizon. Our greed rendered our collective reasoning to believe in the management. Our Greed caused us to believe they had miraculously purchased producing wells on outstanding properties and all would be contributing to the ficticious positive cash flow. As some of the truth began to emerge, the stock price fell. As additional truths were made known, the stock price fell further.
Any idea as to why the stock price might have been higher in recent months?
Clue: Lots of people (myself and LuLu included) purchased this stock as the company continued to issue false PRs claiming continual increased production with even more on the immediate horizon. As we unwittingly read about the great things happening to BD, we bought more. Our greed rendered our collective reasoning to believe in the management. We bought more. Our Greed caused us to believe they had miraculously purchased producing wells on outstanding properties and all would be contributing to the ficticious positive cash flow. We bought more. The stock price went higher, based on lies. Did you find it odd that the stock price fell once Lanza was exposed?
The former CFO told us his thoughts, and who should know better. Perhaps you think you know better. Perhaps you simply dismissed his views as readily as I accepted BD's PRs as being accurate and truthful.
More than one poster has stated his/her determination to go after those who issued those false PRs via legal channels.
Is there a chance some law enforement agency or authority will follow up and hand these folks their collective heads as has been the case with similar felonious activities by other pink sheets? And what effect, pray tell, might that action have on the stock price?
Even my ex-friend LuLu clearly stated his own personal belief that these folks have done more than enough to land themselves in jail -- his words, not mine. Words from a man of Integrity, mind you, and now a 'Director' of the Company.
So, I guess I'm not comprehending your logic as to buying now because the price is low. Maybe you know something I don't about BD's immediate future....or maybe.....NAW, you don't represent Lanza's interests.
BTW, there's a raft of other companies who's stock price has fallen considerably over the past several months...interested?
Of course some of these are in the throes of bankruptcy, others are in the midst of criminal investigations for significant wrongdoings by Management, and others are unable to meet payroll or pay expenses - maybe they can all issue and sell more stock to unsuspecting investors. Now there's a novel idea!
How much?
Could this be the very same Barry M?
Now THAT was a GOOD post!
Too smart to be fooled....who fooled who? Reminds me of Laurel and Hardy reruns.
Fascinating.
Interesting post - this one -
Lou, one more thing - Does this mean, as a stockholder, I shouldn't contact you as a Director, with any questions I might have about the continued operations of Black Dragon?
Odd that a Director of a company would choose to insult one of its long-term stockholders...wouldn't you agree? Oh wait, it would take a man of low integrity to do something like that. And that, surely, does not describe you.
Forget I asked.
Lou - After you so graciously invited me to that swell Lunch with Barry that you arranged.....after our many interesting phone calls together..after our enjoyable EMails...and all the discussions and shared thoughts about Black Dragon - you decide to cast me off like a used Lanza sneaker....How fickle.
I'll always have fond memories of you saying how you wanted to know where Barry M would be going to next - to help what company recover and return to profitability - so you could buy stock in each company that he was going to help resusitate. Oh that's right - now he's persona non grata to you as well.
I guess that leaves me with only the memories of our cherished conversations regarding suing the living **** out of Lanza and his cronies. Oh wait - now you're one of "them".
Guess that tactic is now off your radar scope.
I can see why you don't want to associate with me anymore. It must be so confusing for you these days.
Oh well, Happy Sailing, and Happy Band Playing. Live well and prosper. Your secrets are safe with me.
Gee, I half expected that type of response from Charts, but I guess you are two of a kind. Really, do expect anyone to believe that you bought this stock AFTER you knew about all the past lies? That would put you in a pretty select class of super-idiots, now wouldn't it?
Lou and I were duped, but you came into it fully aware of Lanza, his past, and the flurry of false PRs? Really?
I keep hoping someone will post something credible about BD - something that could re-kindle an interest in any potential of this company.
I'd be delighted to jump back in if you, or anyone, could produce a factual tidbit of information (as opposed to dis-information)that would suggest something has changed.
Something, preferably other than:
"I think something will happen this week or next."
or:
"I have a good feeling about this week."
or:
"Lanza has learned his lesson."
or similar musings.
Got anything worthy of Note?
Those PRs, and others like them, were what prompted Lou, myself, and others to buy stock in Black Dragon. Little did any of us know they were nothing but outrageous lies and exaggerated claims of false oil production, false revenues, false cashflow, misrepresented audited financials, and pending stock exchange listings. These same PRs have now become evidentiary exhibits for legal proceedings.
Now, with the likes of Charts and Nitwit whispering sweet nothings in the ears of our newest Director - a man of Integrity no less - he has apparently developed selective hearing and is publicly claiming a soon-to-be share price of $1.00 for our beloved Black Dragon.
Glad to see you may have finally read some of these earlier PRs. Maybe Charts will too.
Perhaps Lanza has somehow cast a spell over a few folks. That may explain everything.
Gotta luv it.
Spunky - You asked - here is one link:
http://www.equitygroups.com/pinksheets/bdgr.html
And the really GOOD News!
BDGR News Black Dragon Resource Companies, Inc. Announces 52 Wells in Hosston and 19 in Caddo Lake Are Restored to Production; Reaffirms 30,000 Barrels per Month Target by Year End
AUSTIN, Texas--(BUSINESS WIRE)--June 29, 2006--Black Dragon Resource Companies, Inc. (Pink Sheets: BDGR) announced today the completion of the first phase of restoring production to the 70 wells in Hosston, Louisiana acquired in February and the completion of necessary maintenance on the producing wells on Caddo Lake.
As announced on February 24, 2006 the Company acquired 70 wells in the Hosston Field in Caddo Parish near Hosston, Louisiana. The Company began reequipping, reworking and providing necessary infrastructure to bring these wells on line immediately after making the acquisition. As of June 26, 2006 52 of the seventy wells are producing a total of 56 barrels of oil per day (1680 barrels per month). The remaining 28 wells are awaiting electrification from the local electric utility and are expected to be online within 60 days.
The Company has also completed the maintenance necessary to restore immediate production to the 19 oil wells on Caddo Lake. These wells were pulled; pumps redressed where necessary and chemically treated and are now producing at the combined rate of 2000 barrels per month as expected.
Last month the Company received over $68.00 per barrel for its production.
The expansion of salt water disposal facilities for the 12 producing wells in the Haynesville field in Claibourne Parish, LA is in its final stages and the 100 barrels of production per day achieved in February from those wells will be restored by the end of this week.
With these projects completed and other restoration work continuing, the Company is on track to reach its goal of 30,000 barrels production per month and $14 million of revenues by year end exclusive of acquisitions. "July should be another record month for the Dragon," declared President, Rick Michael.
The Audit will be ready by September 15TH!!!! Now THIS is news! (albeit old news)
BDGR News Black Dragon Predicts Gross Gas Sales to Exceed $245,000.00 (35 Million mcf) and Oil Production to Reach up to $780,000.00 (13,000 Barrels) in the Month of September Black Dragon's First Million Dollar Month
From: NewsBot
Date: September 5, 2006 02:30:00 AM
AUSTIN, Texas--(BUSINESS WIRE)--Sept. 5, 2006--
Gas Sales Could Rise By 50% in October
President of Black Dragon (PINK SHEETS: BDGR), Rick Michael, wants to make it aware to the company's shareholders and other investors of the magnitude of the recent acquisitions. The 3,000 acres on the Arkana lease and the 1,275 acres on the Spider lease should double the size of Black Dragon's oil and gas reserves. The company has shallow and deep rights on both of these large acre leases. Black Dragon is no longer an oil and gas Recovery Company but a full blown oil and gas supplier.
Mr. Michael went on to say, "Both the Arkana and the Spider leases should bring the company huge revenue for the next several years. The wells on the Arkana lease, which is in the cotton valley zone will bring an average of 50 to 100 barrels ($3000 to $6000) of oil a day per well and 400,000 cubic feet to 1 million cubic feet of gas ($2800 to $7000) per well daily. The Spider lease, which is in the Paluxy zone, will produce 15 to 25 barrels of oil ($900 to $1500) per well a day with 100,000 to 200,000 cubic feet of gas ($700 to $1400) per well daily". Include this with a record breaking month of August with 10,000 barrels of oil or equivalent shipped from are already production and all this with out the Gemini acquisition it is time to make all investors notice.
In the month of December, Black Dragon gas sales should reach 70 million cubic feet ($490,000) a month with oil production close to 22,000 barrels of oil ($1.320,000) a month. This gives the company an excess of a 1,000 barrels of oil and oil equivalent a day. The additional use of a full time drilling rig in the month of December could prove these totals to be underestimated.
The audit of Black Dragon will be ready by September 15th and the company plans to seek a listing on the American Exchange. Mr. Michael recommends reading the Red Chip report where they state that Black Dragon has 4 barrels of oil or oil equivalent for every share. This report was made prior to and does not count the acquisitions of the Arkana and Spider leases.
So - now its 5,000 BOE - Must have been all that rain that dampened production.....
BDGR News Black Dragon Resources Produces Approximately 12,000 Barrels or Equivalent for September
From: NewsBot
Date: October 3, 2006 02:03:00 PM
OIL CITY, La.--(BUSINESS WIRE)--Black Dragon Resource Companies (OTCPK:BDGR), announced today that the company produced approximately 12,000 barrels or equivalent for the month of September, 2006. The 12,000 barrels of production should provide the Company with over $3.5 million of gross revenues on an unaudited basis for the first nine months of 2006.
“This is an exciting quarter for Black Dragon,” stated Richard Michael, President. “Our third quarter ended September 30th should provide us with revenues of approximately close to $1.7 million, a record quarter for the Company. Our progress in bringing on line our projects has enabled us to anticipate revenues for the third quarter of 2006 to exceed revenues for the entire 2005 fiscal year, and for the first six months of 2006. Assuming completion of several of our previously announced projects under restoration, the Company anticipates that fourth quarter revenues should surpass the combined revenues for the first nine months of 2006.”
Mr. Michael went on to say that Black Dragon expects to commence putting its Arkana field and its gas production into operation through the placement of a rigging facility on the site which is expected to happen sometime this week. Additionally, Black Dragon expects to commence shallow drilling at its Caddo Lake facility by mid-October.
“We continue to remain confident with our target of producing 30,000 barrels and equivalent a month by the end of the year without taking into accounts other acquisition and development opportunities that we continue to evaluate,” added Mr. Michael.
NICE!
Black Dragon signs 8,000-acre oil lease
Austin Business Journal - June 22, 2005
Austin oil and gas recovery company Black Dragon Resource Co. Inc. has hit pay dirt.
The company completed an agreement to acquire the drilling rights to 8,000 acres in Louisiana next to Black Dragon's current Caddo Island properties. About 7,450 acres are directly on Caddo Lake.
The seller and financial terms weren't released.
Black Dragon has been on a buying spree lately, purchasing 85 wells in Louisiana from Four Star Productions in early June, and adding more than 300 wells in May.
This brings the company's total well count to 913.
With the addition of the 8,000 acres, Black Dragon's production will be close to 7,000 barrels of oil and gas per month.
Rick Michael, president of Black Dragon (Pink Sheets: BDGR), predicts the company will reach $1 million a month in gross revenue by the end of this year.
WHEW!
Black Dragon expects record-breaking 2006 revenue
Austin Business Journal - April 4, 2006
Austin oil and gas recovery company Black Dragon Resource Companies Inc. is likely to record more than 25 percent sales growth for the fourth quarter of fiscal 2005.
Black Dragon expects its sales for the fourth quarter, ended Dec. 31. 2005, to be about $709,000, an increase of 26 percent, compared with the previous quarter.
Sales for the 2005 fiscal year are expected to be about $1.7 million, according to the company.
During 2005, Black Dragon's revenue increase sequentially: $421,000 for the first and second quarter combined, $525,000 for the third quarter and $709,000 for the fourth quarter.
Black Dragon expects revenues for the first quarter 2006 to approach $1 million, a record quarter for the company.
An audit of its year-end numbers will likely to be completed in the next 90 days, according to Black Dragon.
"We are gratified by our results for 2005 and expect this momentum to continue into 2006," says Rick Michael, president of Black Dragon.
"We believe that our revenue goal for 2006 of approximately $14 million is highly achievable."
Charts, if you spent 1/100th the amount of time doing some DD on BD, that you do accusing others ....you just might learn something, have something credible, worthy, or intelligent to add, and who knows, become a better person for it.
Accurate - did you happen to take note of the date on that Black Dragon PR?
Will do. Thanks.
Hey Charts - Some prior NEWS for you that you may have missed!
Black Dragon Announces Plans to Apply to the Nasdaq Over-The-Counter Bulletin Board
Business Wire, Dec 8, 2005
AUSTIN, Texas -- Black Dragon Resource Companies, Inc. (Pink Sheets: BDGR) announced that it intends to become a fully reporting company and to apply for listing on the Nasdaq Over-The-Counter Bulletin Board. The Company is currently interviewing accounting firms so that it can prepare audited financial statements. After the audit is completed, the Company expects to file Form 10-SB with the Securities and Exchange Commission to become a fully reporting company. The Company is also in the process of completing an updated reserve report, in order to comply with SEC reporting requirements.
"With record production and strong revenue growth, we believe now is the time to increase our visibility within the investment community," said Rick Michael, President of Black Dragon Resource Companies, Inc. "Our third quarter was a record for the Company, and with strong oil and gas prices, we are well positioned to generate substantial profitability. A listing on the Bulletin Board should increase the number of investors who can purchase our stock, which should benefit all of our shareholders.
Give it a rest Ed. I told Lou the day after that lunch that I had sold the afternoon of the lunch. I honestly have no idea what day we met for lunch - nor do I care - nor does it matter one iota to anyone on this board.
Can't anyone use this forum to exchange information ABOUT Black Dragon Resources?
What's with you people?
Agian Lou, your memory is twisted. Redchip adbvised the both of us to look elsewhere (not a direct statement to sell BD, but clear enough). We both wanted to meet the new CFO - I wanted to see if what RedChip was indicating might be accurate.
I told you the very next day I had just sold my BD stock.
We discussed why, what RedChip was inferring, but YOU held on.
YOU believed Barry could pull off the merger. I felt Lanza would do everything in his amoral power to keep his cash cow.
Barry summed it up fairly succinctly in his last post. Lanza is out for Lanza.
Why are we even having this dicussion? Men of integrity wouldn't stoop to bore the readers of this board with garbage that has absolutely NOTHING to do with sharing information that could be beneficial to stockholders/potential stockholders.
Your musings have become both comical, entertaining, and of no value to anyone.
If you have nothing good or bad to post ABOUT BD...like audit results, SEC investigations, pending legal actions, buy out, merger, Q & A with Lanza, etc, try to find something WORTHWHILE to share.
Or, you can keep attacking, keep acusing, keep blaming, keep claiming everything was everyone else's fault. As you do so, your own credibilty continues to wane.
Speak for yourself, Lou. You conveniently seem to leave things out in your posts. Such things are quite unbecoming to a man of "integrity".
I told you point blank I wasn't comfortable after that meeting with Barry - (and yes, despite your strange attempts to infer otherwise - that was the first and only time I ever met Barry) - As I told you, and posted on this board, I sold the vast majority of my BD shares that day.
You, on the other hand, came away with a good feeing about what was discussed and what was in the works for BD.
One poster on this board commented on what the three of us had concluded..as we all three posted our thoughts.
You seem to have very selective amnesia regarding what others have discussed with you.
You were wrong that day - You have been wrong ever since.
Last time I knew, men of integrity rarely attack someone with written accusations that are not only baseless, but are designed to infer untruths. You now have me wondering if you and Barry had some arrangement - something that possibly fell through and has caused you to have severe hard feelings for Barry.
Last time I knew, men of integrity don't take every opportunity to blame others for their own mistakes. If you really want to blame someone, blame Lanza for his lies. Blame Michael for his lies. Blame RedChip for swallowing and repeating those lies (something they now regret).
Integrity? I think not.
Charts...No Hurry by the way. I can wait. Good information is hard to come by on this board.
Gee Charts ..you must really be on the sauce.
It's near impossible to bash a company that has repeatedly and consistently lied in their public Press Releases about topics such as Monthly Production, Cash Flow, Audit Status, Nasdaq Listing, Amex Listing, and the like.
Methinks your focus is not on the Company, but on people who have invested in it. Why is that?
Does the thought of someone suggesting that you do a little more due diligence than you obviously did really bother you?
Does the thought of others being informed about past and current events bother you that much?
Is it because you have never made a bad investment - and this might be a first for you?
Can't handle the truth? I don't like it any more than you do. I was suckered like everyone else. I admit I was duped. What's your excuse?
What do you know about Black Dragon that I may not? Please share that knowledge that I might be enlightened by it. Who knows, maybe I can get back in and do some income averaging...maybe even recoup a few pennies...So..what information do you have specific to Black Dragon's future that might be appropriate to share?
Anything?
Or are you just here to bash a few brethern investors in your spare time?
C'mon Lou, you can do better than that. we ALL know I indicated I was taping BEFORE we sat down.
What the heck are you trying to do - have you completely lost it?
Do you see me asking you what you said to Barry to get him to agree to a meeting?
Do you see me challenging you as to what you might have asked Barry to say at that meeting BEFORE it took -place?
Do you see me challenging you as to what your real motive MIGHT have been for arranging that meeting?
Do you see me asking what you and Barry were talking about AFTER the meeting in the parking lot as I drove away?
Do you see me making absurd accusations about what you and Barry were conspiring about both before AND AFTER that meeting?
Do you see me accusing you about your secret conversations with Barry?
Be serious - I'm the one that SOLD right after that meeting.
As I told you on more than one occasion (and I posted that same thought on this board, btw), I did NOT get a good feeling after that meeting. And, of course you have also conveniently forgotten asking me to review the conversation to clarify a point or two that was discussed.
You also forgot to mention that Barry's commenting on the tape recorder running - to the effect that nothing he would say that day would be anything that was not already public information. Any inference that no one at that meeting being aware of the taping is an outright lie. You knew it, Barry knew it, and Ed knew it. I guess the waitress didn't know it.
Methinks Barry's advice to you was spot on. Get some help.
YOU (and the rest of us) made a mistake. YOU bought stock in a company based on false information delibrately generated by the company (Michael & Lanza).
For some inexplicable reason, you refuse to admit even the possibility that you erred.
Either you think continued posting on this board will somehow cause BD's stock price to rise, or you have totally lost touch.
Do you see me making stupid? I certainly see you doing it quite well. Very unbecoming for a "director".
Quit the sniping. Quit the blaming. Admit you were duped. Anyone investing in this company needs to know the whole truth. Period. If you have something concrete to add about the current events of BD, please do so. Leave the stupid stuff to the likes of Nitwit and Chalk.
The board should be used to SHARE information about the company. Information that can be useful in making investment decisions - eh?
Understanding the past events can bode well for those unknowing. Understanding current events, and future plans can likewise be beneficial - whether positive OR negative. I have no new news on BD to share - good or bad - Do you?
Hmmmmm....I wonder what Lou and Barry might have spoken about when LOU arranged for that meeting to take place....
Hmmmmm....I wonder if LOU set me up for that meeting AFTER first speaking with Barry.....
Hmmmmm....I wonder if LOU conspired with Barry to say certain things at that meeting for my benefit....
Hmmmmm... I wonder if anyone is taking this seriously...
Charts, you obviously lack a basic ability to comprehend. For WELL OVER A YEAR BD (Lanza and Michael) issued FALSE Press Releases on BD's production, operation status, Audit status, exchange listings, etc, etc, etc
If its all possible for you, get off you high horse and read them. Based on your foolish posts I sincerely doubt even then that you'll be able to comprehend what you will have read.
You've already shown yourself to be naive about Black Dragon. You might want to consider posting something that shows you're capable of intelligent thinking.
Just a thought.
Yep. we spent months formulating how we would manipulate Lanza into issuing totally false and misleading PRs.....oh that's right..those PRs were issued waaaaaaaaaaaaaay before our luncheon.
The luncheon, btw, that YOU orchestrated. The luncheon, btw that caused me to sell most of my BD stock (at $.38). For some odd reason I was the only one of the three of stockholders at that meeting that did NOT get a good feeling of events unfolding.
You and I were both forewarned by RedChip to look elsewhere for an investment. I took their advice. You obviously chose the other path and are now a wee bit unhappy (I gathered that from your postings)
You forwarded that spreadsheet to me, and chose not to share with anyone else. I chose to share with those on this board that I knew might be interested. Why should I keep that information to myself when it could benefit others. Why should YOU and I and someone else be the only ones advantaged?
You see, Lou, unlike you, I try to use whatever concrete information I can gather - and I am more than willing to share. For months I was convinced BD was a winner - I posted many times encouraging others to look at BD in a positive light - of course I based that opinion on BD's PRs were nothing short of outright lies.
Unlike you, I realized I had been duped. You have been duped, duped again, and re-duped. And you still don't get it.
You can blame anyone for anything. You can verbally attack anyone you chose - its still a free country - but at some point, you'll come to understand that the only one the blame can really be attested to is YOURSELF. No one held a gun to YOUR head.
YOU made the decision (as did I) to buy this stock. YOU made the decision to stick with it despite RedChip's warning. YOU made the decision to ignore the continuous Lanza lies, lies, and more lies - despite knowing they were just that - lies.
YOU understood Lanza's criminal background and conspiracy frauds involving stock promotions. YOU chose to look the other way and believe this time it was different. YOU swallowed Lanza's lies - Hook, Line, and Sinker.
Blame me, Blame Barry, Blame Nigeria, Blame Iran, Blame those you consider bashers, Blame the weather, Blame the Yankees, Blame everybody and everything. But whatever you do....don't assign any blame to your own investment mistake.
I made the same investment mistake. I blame no one but myself. I did my DD, or so I thought. I was wrong. I was lied to, both in PRs and in verbal conversations. It would be comical if I now started mouthing off to BLAME Lou, Blame Ed, Blame Barry....it's all their fault....Yeah right. I don't think so.
Take a deep breath, look in the mirror and ask yourself what happened to old Lou. Hopefully you'll find him.
Happy Memorial Day Weekend.
Well, listen to you. You still haven't had the courage to read or comment on a years worth of FALSE PRs issued by Lanza claiming all sorts of oil production, pending audit filings, proposed NASDAQ listing, proposed AMEX listing, claims of positive cash flow, etc, etc, now have you?
But here you arrive spewing forth claims, charges and miscellaneous dribble about other posters who have endured this crap for too long.
If you have an issue - it should be with Rick Michael and Joseph Anthony Lanza. But, then again, its quite obvious you have no appreciable concept of what has been occuring with Black Dragon to have taken us to this point in time.
Too bad. If you were the least bit savvy, your posts would have some relevance and meaning, instead of the trite comments flowing from your fingertips.
Lou, see if you can elicit an explanation from Lanza as to why he refused to pay for an audit - should be quite the explanation - even for Lanza.
Thanks FastB, I think Lou (and some others) might finally be getting the picture....then again...
Thank You! Thank You! Thank You! Finally A Voice of reason!
Thank You!
Thank You!