out to lunch
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right and the judge will hand over the whole company, if that's the case barnett will be sued, so he will be there rest assured to argue that the so called punative damages are reversed, minimized etc. and the cases i gave were relevent in that they showed that judges do make these decisions and that they can go either way, i repeat, either way, and notable is that on the average they talk about a per hourly equivalent, no doubt the lawyer has represented the time that he as spent, so if that was 1000 hours, how much shoud he get an hour? what is the answer?, its whatever the judge says, while its possible that he could get 1000 bucks an hour its unlikely, I could see him getting 500,000 grand, he would have to take stock and cash as has been stated, I'm seeing 10,000,000 shares and $300,000 as his take, and the $300,000 will be out of the monthly draw from lanza, and possibly over time, which the judge will understand
fats guess here is wrong, nothing wrong w/ making a tacit admission of guilt when there is no other outcome than to be guilty of not paying if there is no other way around it, it actually may save the judge time and is therefor welcome
now all he needs to do is show up and show that what fat says in his post about bringing in another firm is true, if the posts ive sited re how the court handles this kind of stuff there is a premium on the time because of the risk involved that is the only guiding principle that the court has, however that premium may only be a factor of 2 (but it could be less), and if the lawyer has already provided time spent to the court then hashing out the numbers will be easy and, most importanly, the lawyer might very well rather get that premium in an out-of-court settlement from barnett, rather than to take his chances w/ the judge.
a lot can happen at a hearing, but to the point, ive put fat's post as sticky, since it gets into the history of the situation, if barnett could not get representation then he has an excuse and will have to explain that at the hearing.
the detail in the post suggests that it is the most noteworthy, hence its a stick, not that i can verify it, only that my gut feeling tells me that its the closest to the truth
which imho, the lawyer must have pulled someting, time will tell but as it stands there i not need for a trial if ooag has lost, which goes agains the idea one that there will be an upcoming
trial
bejing traffic increase signals uptick in chinese production (imho)
http://finance.yahoo.com/family-home/article/110469/china-traffic-jam-could-last-weeks
we will see, am tired of waiting, if there was nothng there he could have done a much better pump and turned in all the shares right away, anounced a buyback et., but he did'nt
"Common Good's proposal would cap contingent fees at 10% of the first $100,000 of recovery and 5% thereafter. If an attorney were to be compensated at the rate of $150 per hour, on a case that returned $100,000 of recovery, that would be the equivalent of 66.7 hours of work. If the recovery were $50,000, that is 33.3 hours of work. If the recovery were $15,000 that is 10 hours of work. If the compensation rate is more than $150 per hour, then even less time can be justified. It requires a certain dedication for any lawyer to be willing to spend his or her time and risk his or her money on a cause that can take unexpected twists and turns and be of uncertain outcome. Lawyers who understand that there are no "slam dunks" in litigation respect the fact that, but for the contingent fee, many people would not be able to obtain legal redress for their injuries."
http://webcache.googleusercontent.com/search?q=cache:p9z3Eu_ao8gJ:webster.utahbar.org/barjournal/2004/01/the_proposed_contingent_fee_re.html+order+contingency+fee+reduced+case+unreasonable&cd=1&hl=en&ct=clnk&gl=us
http://www.law.com/jsp/article.jsp?id=1202447965623
imho, this is not the same situation as barnett, barnett got rid of the lawyer prior to getting the partial summary judgment. so he did not see it through, reduced fees are warrented, pure and simple.
everyone said ab was in big trouble in miami it didn't happen, they said barnett would never depose or settle w/ lanza he did, and he did
time will tell
I think it will be discovered that there is method to barnetts madness
one thing to point out in barnetts favor,
(say this to the shagrin those that hate barnett and would be doing the exact same thing as him)
barnett is getting stiffed if he would settle w/ the lawyer outright, so he's taking it to court, he figures that its better
to have a judge decide, the lawyer was trying to pull a fast one and accrue huge fees and debt, he figured that barnett was dumb even when he discovered that the assets were huge because of his contempt for penny stocks, and thought to himself barnett was just lucky, "this will be my luck, he's still dumb and i'll bring all my bud's in, which will mean tons of referals in the future" he thought to himself
all the ppl here that have had a tussel w/ barnett know all to well that they would do the same yet they criticize him...worst than the pot caling the kettle black.
he will say that to the judge and the judge will agree and the laywer will will get paid what is fair, but i'm not going to speculate on what that would be
barnett has proven to be a resiliant litigant, he will minimize the situation imho
how much money did it cost us?
k,just thought u were a moderator eom
looks like gforce bailed?eom
Kilduff would be proud!!! eom
ty bready, coult you please cut an past any snipplets that you can get your hand on, but I will stickynote that asap
an uplisting, googlenews( kilduff, cnbc, oil) ,
re the straights of hormuz, we will see peak oil again don't know when or how, but, as killduff puts it, it will be a "buy first as questions later" situation taking oil to 200+ a barrel
real
he can pay lawyers later, he needs to pay ooag now
well you have a real good sense of humor i must say, but that doesn't mean you are correct.
After your read this article, your will think he is!
http://www.cnbc.com/id/38638613
Killduff will be barking again, and investors that have neglected to include oil in their portfolio will hate him more than ever.
It will be a sad state of affairs, but that's why ppl have to own oil
a point well taken eom
announcemen$ as is plural, stack-em and spread-em AB, stack the PR's up in a given day and spread the PR's throughout several days!!!
2damoon
Real
check out the SAR, we got a steep inversion were it gaps deep below the s/p. every time we've gotten that signal in the past there has been some very serious upside...
fix'n to have some tony chachere's on my ramen's--eom
nope, you said they were splitting the dump in a post a week or two ago, tough beans complain to ihub if you dont like it
earnie, you are correct, don't ever give up your intellectual position on the subject, anyone that quotes regulations as being a certain determinant as to how transactions are managed at in a market that does not get the regulatory attention that it deserves is full of hot air
yes and no, depends on where the cash is going, even according to your theory it was 50/50, given that the take is on the order of millions, averaging at .0002, for 5,000,000,000 shares of bdgr being dumped one gets 500,000 in the cauffers for ooag, that is your own math, but many of the 1st billion were sold on the way down for more, so maybe closer to a mill for ooag thus far from bdgr sales
maybe, maybe not, either way, something is going on, someone is making money, and its not just lanza
how does someone add or remove a boardmark?tyia--eom
bdgr continues to give to ooag eom
lol, you got me, i do know one thing, that i recall that before it was 9M blocks coming through at 1, so now it seems that they have upped that sell rate considerably, just checked quote media, again we are seeing the 9M number, maybe they are getting them at .00009? I was listening to cspan yesterday when they were talking about the big sell off earlier this year, broken trades, what did they call it, the flash something?, anyway, they said that market makers may and do all the time (not sure about what percent of the trades are like this) repackage transactions, and often time turn a market order into a limit order by "repackaging it", if thats what is happening w/ the 9M blocks, like you suggest it could very well be that the original order was 70M dump?
many hands may be involved in getting the trade to market? so hard to say really, we know lanza is a sleeze, imho, so buyer beware
ps it was the "flash crash"
I would not expect that untill cotton valley comes in
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bottom line is that whenever someone is right someone else is bound to be wrong---kkkkchinggggo!!!!!
Thanks cheif, i hope this will put all the grufflers to rest on this issue, penny's can be shorted and these are the folks that allow it,
lol, the bottom line is this, BDGR down, OOAG up, that is called a "divergence", this is coroborating evidence used to place the direction and magnitude of "facts" declaired in the company's PR's anyone that doubts in the pr's should look at the divergence between the two companies for guidance, anyone that does not understand the rhetorical significance of this arguement either has very little understanding of the real world or is intellectually dishonest, either way it does not matter and such individuals should be ignored
Regulus, since you are not a moderator, the full features of the "ignore" function are available to you, try for a week or two to put the blowhards on iggy and enjoy, then every now and then turn the ignore off just for kicks just so you can appreciate the FUD free world that one may dwell in, its truly inspiring ive done it myself and hope to do it again in the future.
Me, my mail box is uncluttered, but i still see the posts, so I toggle between the posts and the board list once i get close to a post from someone that I have on "limited ignore" so I don't advance through them, its extra work but I feels good evey time I do
gl
real
and uplist out of the blue sends us past 50 cents in a heart beat!
i'll say, too bad it didn't hold but we now know that it doesn't take much to make this thing move, for every 1 m shares we get 1/2 penny upside, another 30 m day and we are at 17 cents in no time, all that w/0 news!
wow, that was a nice spike, who did that?
you have a point, they very well could hang in w/ no R/S untill the german cotton valley shares become valuable, which would be 1.5 years from now, longs would see some spikes close to .0005 or .0006 and bag holders at those levels would then sell many months later, lanza and his cronies then would have close to a year to lock up the float at .0001 and .0002, then they announce cotton valley shares are good and re-calibrate the company's market cap. Lots of the shares that they would pick up would probably be naked, then they could issue themselves more shares in anticipation of locking up the float, then they force a massive run up to close to a penny, then they dump their shares both on the way up and down, then they do the r/s
if that's the case, it could be a good ride for those that accumulate at .0001 and stay the course it could well lead up to a huge multibagger w/ plenty of in and out 2-4 baggers allong the way
still, the problem is that all this assumes there is no default condition w/ ooag, which in that case all bets are off and every man for himself
yup, i just did, i'd say they just might be making a round trip!
and there is nothing to say that they cant first dilute the stock more before suddnly doing a r/s or "buyout", and the spilt can be whatever they want to make of it, 1 for 100, or 1 for 100,000 although rounding shares up would cost them 10 bucks per shareholder in equity w/ 4000 sharehodlers, the company could easily afford it