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Badrguy,
I do not know if BDGR has anything like this going on.
And if you read clearly, you would have found that this was not said to me. It was from anothers post and that I was only explaining the term.
The term I referred to was in the sense of two entities entering an agreement of some sort.
What you found is the definition of the period when a company is going public or making any other stock offerings. During that time they may not issue PRs for the first 25 days.
If you are going to bash, get it straight.
I am not sure of the context that "quite period" was used.
The only "quiet period" that I know of is between two suiters.
Typically when two companys enter into merger or buyout talks and think that the talks are progressing, they usually agree to a "quiet period" of 30 or 60 days. The actual "quiet period" in that context means that neither party will enter into talks with others for the purpose of a buyout/merger during the decided period.
Again, that is what "quiet period" means in the above context. I was not privy to the conversation and do not know if that is what they were talking about or just that they meant thier jaws are tired.
Lou
Accurate, back on the bashing payroll?
A young boy brought a bullet to school and put it in the furnace before class. It went off with a loud bang. The principal brought all the kids together and said,"the mother of the person who put that bullet in the furnace must be a terrible parent".
You jumped up an said, "I didn't put that bullet in the furnace and stop talking about my mother!".
Looks like the bashers boss is running out of money. Only letting you post during market hours?
Tbird,
Change the batteries in your calculator.
3,126,864
2,482,219
__________
-$644,645
105,614
__________
-$539031 That would put EBITDA at about $60,000.
Lou
I got them from pinksheets.
Oppps! That 600,000 should have read $60,000.
Lou
57Tbird,
Do you have a motive or are you in error?
"operating income" is straight from the 9 monsths report created by Barry. Beside it and in () it says",(EBITDA).
Another report put out by Barry says that the profit from the caddo lake sale was 644,645.
If you want to argue about those figures or that term, take it up with barry. If you want to argue about the total revenue quoted, we can do that all day until the audit.
As far as the numbers shown. We have cash flow last year of $600,000 without the caddo lake sale.
Lou 781.585.7400
57tbird,
$644,645 -$105,614 =$538,531 Loss
But that is after taxes,depreciation,and depletion.
Since the depletion allowance is about 25% of gross, then 2.4 mill x .25% is about $600,000.
Then the ebitda (operating income)is a positive $60,000 before taxes and depreciation.
So are you guys working for accurate or the other way around?
I wasn't calling it anything other than what it was, profit.
Though it may have been miss labled "operating" revenue. It is operating revenue if the profit on caddo lake was from oil that was not credited to BDGR when pumped.
We are still splitting hairs. If BDGR buys a property every year and sells it after improvements for a profit. That profit will still fold up and fit in my wallet.
Lou
Accurate's posts look normal for a paid basher!
Gee, maybe this is why the prev. news release said,
"Black Dragon Reports Increased Earnings for 2006"
OIL CITY, LA, Apr 30, 2007 (MARKET WIRE via COMTEX) -- Black Dragon Resource Companies (PINKSHEETS: BDGR) today announced that updated Operating Revenue for 2006 was $3,126,864, reflecting sale of oil property.
Black Dragon's management originally reported the figure at $2,482,219, but after taking into consideration the reselling of the Caddo Lake property, another $644,645 had to be added. Gross revenue in 2005 was $1,099,460.
In addition, management is reporting a profit of $105,614 in 2006, compared to a loss of $176,883 in 2005.
Testing...1..2..3..Testing
Dragonman,
Your use of the english language is almost as bad as my spelling.
But I think I understood most of it.
I doubt very much that Rick was getting 40k a month. I would be surprised if he was getting more than 10k. And Joe is not taking anything. He said," he is forgoing his 42k/month salary."
Some new turn of events are in the works to make this company more transparent to the stockholders. That in itself should help the stock. And $67 oil isn't going to hurt either.
Lou
Do I hear an Amen?
blah, blah, blah. My feelings exactly. So if you find out some real news like, President Bush is Joe Lanza's illigitimate son, come back and let us know. Otherwise, bash somewhere else.
Or, if you and the other bashers have the balls to put up your phone numbers like I have, then you would show some guts and respectability.
Lou
Accurate,
Now I see that you will say anything add to your cause.
You will be out of business soon, as your employer has to cover his short.
Lou
xxxx,
I think the audit will come before a buyout offer any significance. Anyone looking to buy this company will see the low stock price and figure they can steal it for .30 or .40 and make the shareholders happy. In order to get a real value for the company we will need:
1 an audit to prove its real worth
2 a stock price that prevents low ball offers.
Lou
Snowcrow,
I know you are not a paid basher. But you are pissed. As are most of us. But don't get taken up in the paid basher's scheme, after all, they are getting paid, you are not.
Things are different and yes there is no audit. But there is a good reason for that.
This is my take:
Barry was first brought in to do the SEC audit. Through his connections came a byout oportunity. The audit was changed from an SEC audit to just a financial audit (by someone in OHIO), just for the purpose of the byout. The people trying to buyout the company, wanted to steal it. Now we are back to an SEC audit. (though there are still people looking at the company)That will go to Malone and Baily (which is an SEC lisensed auditor) or already has.
Lou
Accurate,
The only thing that suprises me is that you are still here.
The short group must be nervous.
57,
We haven't seen the finanials yet, maybe there is a profit.
All we saw was the gross.
Lou
I'm not looking to get my investment back, I could have done that with IBM. I'm looking to double or triple or 10x my investement. That is why I bought this stock. It was and still is by no means a sure bet. But the payoff on a small stock like this that makes it, is huge. It appears that BDGR has chosen to spend where the biggest bang is and letting that field go had to be a thought out decision. If not for the bad Jan and Feb, we would be doing quite well right now.
THE AUDIT........... I still think it is coming and the very near future will tell.
Lou
Accurate,
It is great to hear from both sides the bull and bear tug of war. Only thing is, I have heard of bull, and bears, but not stupids.
Lou
Well then, I guess this is the bottom.
Accurate,
Maybe they aren't so dumb. Maybe the whole story isn't out.
Wait for news.
Lou
spunkyknight,
There should be some unusual, but hopefully good news coming in the next few days.
Lou
That figure was very close to the estimate I made a month ago.
Though audited figures would make be feel better, I believe the revenue figures are correct.
Lou
jjerry,
The bashers are still here because the shorts can't cover. If there are 25 mil naked shorts as is rumored, they would drive the stock to the moon if they tried to cover. Remember, we only trade 300,000 shrs/day on ave. They are hoping for it to go under.
LGL8054,
The 29 mil was when BDGR started talking about 30,000 bbls/month.
They tried to make that amount, but were doing it by creating stock. If they kept going to the goal, we would have 200 mil outstanding.
Lou
Snowcrow,
Don't take this wrong, because I am in no way condoning what has gone on at BDGR. But, there was some shread of truth to those PR's. 18 mil in pos. cash flow is even more than a stretch. But, that of course was with the purchase of Gemini, that they thought a bank would lend them the money for with a bogus PV10, done by an unlicensed engineer. If they had gotten Gemini and kept the prev. gemini purchase, they might just have done 30,000 bbls/month. The big lie was not in what they said, but in what they didn't say. That we could reach 30,000/month with 29 mil shrs outstanding.
I am expecting that BDGR will be cash flow pos. very shortly and thus be able to expand its drilling even more. Remember, only 1/3 of the wells in their leases are on line. And there is room to drill many more.
Lou
Ruger98,
Spunkynight has been on this board about as long as you have. I spoke with him some time last year.
Lou
Spunky, Thanks, it is good to be home.
Lou
Millionairedreamer,
I wish it was a vacation. I just got back from Las Vegas where I did an expo for my business. Though there was some fun squeezed in, it was by no means a vacation.
To all on the board.............
I requested a seat on the board of BDGR in order to represent a large block of stock holders who have been in contact with me.
It would not be important that I change anything as that is not possible from one seat. But a great problem of this company is believability. I hope that this seat may help me verify the truth of BDGR's PRs. That in itself could do wonders for the price. I will keep you posted as to the success of the seat and inform you that Mr. Lanza did not seem disagreeable to the idea.
Lou
I'll be available for another hour.
Lou
If it was a question could post, I would have done so.
Localoil, can you give me a call tomorrow. I have a special question.
781.585.7400
Thanks,
Lou
Jmap,
I'm sorry, I thought you were a BDGR shareholder. I didn't realize that you were trying to pump OMOG. I was trying to give you real info, no I understand that you won't listen to anything except a dial tone.
Lou
Jmap,
Did you not see the answers by Lanza attorny. THIS TRIAL IS OVER.
When the preferred stock was found to be invalid that meant that what ever paid for those preferreds must be paid back. Barnet is running for cover now because he hasn't got the money and OMOG stock is not worth enough to cover it. That is why his attorneys quit. He was not paying them and there was now no chance for a recovery.
Smarten up.
I would be placing bets that on or before that date the case will be thrown out of court.
The lit. is done with. All but the judge to through it out.
As far as barry goes, that is a little strong. I would say, he had a different agneda.