out to lunch
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imho, barnett is no stranger to pink sheet DD and hence, in as much as he was taken by lanza, he also went through phases of believing lanza pr's were fluff and manipulation, he does not want to be mischaracterized by bashers ready to jump on his next pr as being fluff, and hence imho will hold out for the best possible pr, in fact we very well may have to wait untill the company is uplisted before we hear from the company again, which means that i could be 3 more months before the next pr,
however, the stock will be the biggest kaboom on the pinks and otcbb that anyone has heard i a long time--imho barnetts best move is to make sure the next pr is nothing short of golden--building off a base of 2 cents could very well bring us close to a buck if done properly
its getting locked up ;) cant ask for anything better than that!
as long as you are not a moderator you can use all the features of Ignore which at times like this is to be relished above all else
-real
it does look better the way you do it:
real
morning gumzsa
now your post needs no jmho, and how true imho :)
the bottom line is that, there are some facts & many theories, imho, even if somone is absolutely correct about a scam, untill proven they need to show some humility, and use terms like jmho, imho, etc, in the investment community, this is the gold standard and the harder the punch one smacks w/ their criticism the more necessary it is, if the company were the only people reading it i would not care so much, but when its shareholders seeing it, the hard jab to the gut regarding the cold relatively proven reality as demonstrated in a post needs to be buffered by courtsey
granted we all make mistakes, but to consistently bash w/ out showing any courtsey whatsoever ultimately defines the measure of the man as being very small-imho
hey, if some one just shows up and says "what a pos" and nothing more jmho is pretty much implied, but in a huge "logical" (in quotes because so often there is nothing but unspoken logic built on one or two shaky facts) construction jmho / imho need to be involved, it just is not right to do it any other way and i really ask posters to join me in trying to ignore those that repeatly / blatently / etc. opt to ignore this time honored time tested gold standard of posting
glta
-real
a post that must have appeared to be ot/ favorable to clyw, infact it was not really ot, it was on the ooag board, thought it might be a nice comparison between two stocks but i was wrong
anyway, good luck w/ calpso
-real
possibly, it is getting way too quiet, hopefully that is good
where are the 4's?
zorne will never leave eom
it was lanza / bdgr that asked for an extension not ooag
they are hitting 3's over at bdgr, soon they will be jumping ship and swiming on back to ooag,
bdgr and lanza are the gift that keeps on giving :), my mind is clear cuz i did go and give them a clear cut arguement regarding the dangers of bdgr.
of course you will counter and my response is that ooag continues to be a good investment based on pr's, and overall share price divergence between ooag and bdgr--those are some pretty obvious tea leaves
you mean selling?, no, not unless he was never here
Ah, but Carlito, there lacks conviction in the 3's--eom
Neither, mgmt is waiting on lanza, regulus and gumza are correct!
morni'n gumza, august is holding up rather well so far--eventually maybe not this month, but we will rid ourselves of the permabears
wow, my jaw is still bouncing off the desk, dono, we are all waiting on info for concord dome, other than that for caddo i would have to guess its Four Star or via a so called "real company" of lanza's (that nerve of that snake, selling sham shares in a company called "real company")
well, if lanza sold leases, i would imagine there is a payday in it for ooag, $!
I understand your lack of interest in ooag at these levels as its come very far in a short ammount of time, but w/ an otc.bb listing, if one is willing to bet on such, imho we are going to see a generous multibagger from here
and yes i kind of feel the same when I post at BDGR, when the cotton valley news first broke I was seriously thinking of jumpping in, but overall w/ dragon man gone, john stepping down, and mick and doinit carying on, i really only pay attention to your, kenco's, lgl's, and John's posts mostly else i cant focus. (i guess i do pay attention to jmaps posts over there as well but wish he'd apply his "possibility thinkers's mountain of gold quote" to ooag)
wow, crude-dude, ive seen you post tons of times over at bdgr, but now you are here, i thought i was imagining things and had to make a tripple-take the board name to get my bearings straight because i could not beleive my eyes, kenco on the other hand i believe has posted here a number of times so no shock there, anyway, it looks like a consensus is starting to evolve on both boards, based on different perspectives, and somewhat differently weighed information banks, w/ the stock chart being the foremost common denominator, that is that lanza's dilution speaks volumes about the give and take of the ooag vs lanza/bdgr "mutual agreement"
better for ooag, worse for lanza/bdgr
the countdown is ticking, hopefully barnett wants to establish some middle ground between here and 50 cents--it would be nice to establish a new trading range between 9 and 14 cents
who knows, if barnett is backing up the cash truck at bdgr and lanza is helping him load it up, there is going to be some very nice price action to look forewared to
-real
that should be interesting, i have a hunch that they will all of the sudden not be keeping up with things, either that or will they conviently omit the usual "no off balance sheet transactions" from their financials
heck w/ lanza's 1 and 1/2 voting super power share, its clear that any thing is possible in la la land
sorry bud, that doesn't wash w/ the bdgr's stock price
but kenco? who won? lanza or barnett?
of course it was barnett, i cannot imagine the mediator doing anything other that telling lanza he was TOTALLY SCREWED, but however, there may be a creative solution to make lanza less unhappy, the massive dilution w/ bdgr imho is somehow at play w/ what happened, the sell off in bdgr is a direct result of fears of management, not fears of shareholders, unfortunately all of lanza's pumping kept longs from having fear except for maybe a few.
insiders do not dillute the stock and sell on spectacular news unless there is a problem that they have some special insight into
bottom line is barnett has approx 40M more shares to retire, he would have done it all at once months ago had he not won big
just reading the tealeaves here
-real
clearly todays support indicates monster runs are to be in the future as well
yup, its like whoever filled the gap 2 weeks ago has gotten more agressive in providing support for the stock, a very bullish sign imho
I'm sure cj would agree that there is nothing to disprove
I fully understnd this board poses some challanges to moderators
Lol, yes I agree!, Ill have to ask cj to add you, i don't seem to have that capibility.
imho, some people you can't ever get through to, these negative messages have become repetitive and perverse, I don't have time for them let the people that carry on as such hang themselves
I'll try to add you, you can always bail later if you like
regulus, I admire your tenacity, can i add you as a comoderator?
please everybody, there is an ignore feature, (even moderators and assistant moderators have it to some extent), it makes everyone's life much easier, then we can focus on the stock
yup, one of the best reads around, and proof that barnett just doesn't try to get things done, he actually does them. Penny land is full of stocks that get shareholders to praise management for their efforts only to get nothing but failure in return, barnett prevailed over lanza, the price of bdgr is proof of such
and remember this, that price is not due to bdgr shareholders panicing, if that were the case it would not necessarily be a reliable indicator, no the price drop is a direct result of management's fear instead--and that is very very telling
after all, any update on the pinksheets short of getting rid of the caution sign is in some sense a waste of time, nevertheless barnett has done it, i think two or three times since the resurection of the company, very frankly given the hole the company is diging itself out of, hence there will be no interest from regulators on forcing the company to get up to speed like yesterday on the other hand, barnett has become bdgr's and lanza's de facto regulator, and in that regard i hope he is squeezing them w/ an iron hand
No doubt cj, you are doing an awsome job, that's because none of us bother to dwell on posting negative untruths on stocks we are not interested in.
I just can't imagine how some come here with such negative fixations against the company, its really sad to think one is so certain about things they they have no way of being certain about
the only real question is should we laugh, ignore, or pitty such a person?
ok that's enough wasting time on such--lol, flush...
I opt for a break in the weather before we see any new developments, the VOC's have been wreaking havoc on the ozone down here, its way to hot, nothing is going to get done untill there is a break in the weather
Regulus, there is no one else on the board right now but you to agree w/ lol ;)
some of what the company has indicated, this taken w/ the demise of bdgr shareholder value, and it's all in favor of Barnett as being honest, lets not forget that there were people on this board that said that we should overlook the obvious regarding the directors--that is it was OBVIOUS to some who the other two directors were, and eventually that was disclosed in a press release months later proving longs correct.
I don't care to listen to someone that says the they cant tell if the the skates are fast based on the time of the skater, noooo they want to inspect the skates and untill then the record breaking time is invalid
to refresh my memory
Current Share Structure
Outstanding Shares: 222, 631,100 and shrinking! (with many more shares yet to be retired! ( Read latest PR)
Authorized Shares: 250,000,000 as of May 26, 2010
Float(shares): 172,494,041 as of May 18, 2010 (ultamately will roughly be the final outstanding share count!)
Number of Shareholders of Record: 737 as of May 18, 2010
Management and Other Company Information
Company Officers
Adam Barnett, President, Chairman (Director)
David Knecht, Officer (Director)
Mark Barnes, Secretary (Director)
Auditor/Accountant De Joya Griffith & Company, LLC
2580 Anthem Village Drive
Henderson, NV 89052
State of Incorporation DE
Contact Information OMDA Oil and Gas, Inc
8144 Walnut Hill Lane
Suite 1080
Dallas, TX 75231
http://www.omogoil.com
Phone 877-441-6632
Email: ir@omogoil.com
Assets
OMDA Oil and Gas, Inc. currently owns an outright 20% working interest in 150 producing wells in Caddo Parrish, Louisiana.
OMDA also owns a minimum of 37.5% in a 12 well work over play in the Concorde Dome Field in Andersen County, TX. The Texas Railroad Commission recently has granted OMDA's operator a new permit on this field.
The company also owns an interest in the Panola County oil property which is detailed on the company web site, www.omogoil.com/new/projects.php.
The company will be providing pictures and video of these wells on its website as soon as possible. Production figures will be forthcoming on the company web site for this project also
Recent Management Statement TOP BOTTOM UP DOWN
OMDA Oil and Gas, Inc. Announces the Cancellation of All Existing Preferred Shares and Will Provide a Thorough Update on Concord Dome by Next Week
Press Release Source: OMDA Oil and Gas, Inc. On Thursday May 20, 2010, 6:00 am EDT
HOUSTON, TX--(Marketwire - 05/20/10) - Adam Barnett, Chairman and President of OMDA Oil and Gas, Inc. (Pinksheets:OOAG - News), announces that the company has canceled all existing preferred shares of stock in OMDA Oil and Gas, Inc.
Initially these preferred shares were created and issued to Adam Barnett in order to protect the company and its shareholders against the possibility of a hostile takeover. While OMDA was engaged in its recently resolved, lengthy legal battle, it experienced a significant drop in market capitalization over a prolonged period of time. The depressed stock price put OMDA in a position of vulnerability to a hostile takeover which may have jeopardized the company's standing in its lawsuit at that time. Under advice of legal counsel, the company issued preferred shares with special voting rights to its Chairman Adam Barnett, so as to protect the interests of the shareholders. With the company's lawsuit now resolved, Mr. Barnett and the board of directors have unanimously agreed to and signed a resolution to cancel all preferred shares. With this transaction completed OMDA no longer has any preferred shares issued and will no longer retain majority control of the company. Consequently OMDA will now require proxy decisions from its shareholders in order to carry out any major changes to the stock structure including issuance of shares, stock splits, and raising the authorized shares among other actions. The previously announced decision to lower OMDA's authorized share total down to 250 million has already been board approved, signed and is being filed before the weekend.
"As president of OMDA, the biggest responsibility I have is to increase shareholder value," said Adam Barnett. "Our shareholders have stuck with us through many tough and challenging years while the share price was down. Now with the lawsuit behind us I have taken several measures including cancelling these preferred shares in order to instill confidence in our existing and prospective shareholders." Mr. Barnett continued, "Management has no intentions of any future stock issuances of any kind, reverse splits, raising the authorized shares or anything else that could adversely affect the company. That being said, those actions would only be possible with a majority vote from all of our stockholders of record. If the vote from our thousands of shareholders on any voted on issue came back 'no' then it would not and could not be done. We wanted to make a bold statement to our shareholders and send a clear message. By relinquishing majority control, management cannot take any share structure changing actions without the consent of a majority of our shareholders via proxy."
OMDA is also announcing that it expects to provide a thorough update on the Concord Dome project sometime next week.
"We are in the final stages of putting together a detailed report on Concord Dome. This project is very important to OMDA and we expect it will be a significant revenue stream for our company. I look forward to releasing this update in the very near future and to discuss the Concord Dome project with much more detail," stated Adam Barnett.
About OMDA Oil and Gas, Inc.
OMDA Oil and Gas, Inc. and its wholly owned subsidiaries, OMDA Oil & Gas Management, Inc. and Texas OMDA Drilling & Operating, Inc. and OMDA Oil & Gas, Inc. (Texas), are in the business of oil and gas production and lease acquisition.
This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, statements relating to the future anticipated direction of the Oil and Gas Industry, plans for expansion, various business development activities, planned capital expenditures, future funding resources, anticipated sales growth and potential contracts. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
Contact:
OMDA Oil and Gas, Inc.
Investor Relations
877-441 OMDA(6632)
IR@omogoil.com
http://www.omogoil.com/
Press Release Links
http://finance.yahoo.com/news/OMDA-Oil-and-Gas-Inc-Enters-iw-1709812868.html?x=0&.v=1
http://www.marketwire.com/press-release/OMDA-Oil-and-Gas-Inc-Issues-Updates-on-Several-Key-Issues-1279458.htm
http://www.marketwire.com/press-release/OMDA-Oil-and-Gas-Inc-Issues-a-Follow-Up-Report-on-Concord-Dome-1274741.htm
http://www.marketwire.com/press-release/OMDA-Oil-Gas-Inc-Provides-Several-Key-Updates-Including-Nationwide-Search-Oil-Gas-CEO-1272411.htm
http://www.marketwire.com/press-release/OMDA-Oil-Gas-Inc-Provides-Update-on-Potential-Joint-Venture-With-Biodiesel-Company-1270339.htm
http://www.marketwire.com/press-release/OMDA-Oil-Gas-Inc-Retire-Additional-58-Million-Common-Shares-Further-Reduce-Its-Outstanding-1269525.htm
http://www.marketwire.com/press-release/OMDA-Oil-Gas-Inc-Retire-12-Million-Common-Shares-Reduce-Its-Outstanding-Shares-Nearly-1268694.htm
http://www.marketwire.com/press-release/OMDA-Oil-and-Gas-Inc-Issues-Its-Report-on-Concord-Dome-Lease-Revenues-1267122.htm
http://www.marketwire.com/press-release/OMDA-Oil-Gas-Inc-Has-Retained-CPA-Auditing-Firm-Bring-Company-Fully-Audited-Status-1265522.htm
http://www.marketwire.com/press-release/OMDA-Oil-Gas-Inc-Announces-Cancellation-All-Existing-Preferred-Shares-Will-Provide-Thorough-1263754.htm
http://www.marketwire.com/press-release/OMDA-Oil-and-Gas-Inc-Announces-Future-Plans-and-Updates-1262045.htm
http://www.marketwire.com/press-release/OMDA-Oil-and-Gas-Inc-Has-Reached-a-Mutual-Resolution-in-Its-Lawsuit-1262001.htm
http://www.marketwire.com/press-release/OMDA-Oil-and-Gas-Inc-to-Reduce-the-Authorized-Shares-by-975-1260984.htm
http://www.marketwire.com/press-release/OMDA-Oil-and-Gas-Inc-Provides-Legal-Update-and-Announces-Mediation-Date-1180902.htm
cj, i'll have to do it after market close
tell me your pro-ness, where is the money lanza is getting from his massive dump going? All into lanza's pocket only?
my assessment of the past 2 weeks of trading is that most of the buy sells were disiplined, but it looks like 1.5 to 2.5 million shares were dumped in a deliberate fashion--someone really wanted out and much to their shagrin, imho they now reailze that they could have done much better had they been patient
you have to view lanza like willy wonka, but threre are a heck of a lot more than 5 golden tickets
good eye, i was about to post that didn't see much 1's today, woa was i wrong, I think John is probably correct about how the trades went down. I dont know how they managed to do that, imho someone is in good w/ the reporting broker/ mm / or whoever
given the kind of carrot bdgr is waving before shareholders its a tough call for some, but for me, i'm glat to be on the sidelines for now