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Somebody has set a floor and is clearly buying. Now, with any other company that would be good news, but with BD, well, who knows?
John, whatever the case may be, it is way past time for Smith to issue a PR ending all the speculation that he is leaving. It just needs to happen.
Have we gotten confirmation yet that Smith & Company are moving on???
Spunky, why do't you PM me your phone number and I'll give you a call...
Downapenny, the best explanation to the current turn of events is that they don't have any assets, or it they do, Lannza has them so screwed up that no one is ever going to touch the mess.
Kenco, everyone is upset with you, including me, becuase no one wants to believe that Lanza can lie, steel, and cheat and that there is nothing any law enforcment agency will do about it. And you tell us that with apparent glee... You can't expect to be popular here. But I'll grant that you have always been correct.
I hear you Spunky. But it makes no sense. Lanza has 50-million shares, and all the new Board wants is for him to move on so that they can realize the value of the company and his shares, but still he doens't leave. Makes absolutely no sense. So all I can figure is that it is all a lie.
So Kenco, what is your take on the narrative that keeps being circulated, that Lanza has 50-million shares, that BD has real assets, and that the New Board with Lanza gone can realize the potential of the assets and leave Lanza a very rich man, in other words, that all the incentives line up for him to move on???
By my measure tomorrow is curtains for BD. No deal, and it will be all over, with the share price plumeting to sub penny and then the new Board announcing their departure by weeks end.
Good luck mates. Sorry it has ended this way for us all.
John 19, Lanza has been serving on the Board for some time. So you have to ask, why didn't Lou's Board have hime removed? And why doesn't the current Board have hime removed? It would be easy enough! There is almost certainly no provision against Lanza serving on the Board.
Spunky, if there was a case to be made, then why didn't Lou's Board take him out? Instead he emerged from that affair with another 50-million shares as I recall. And why doesn't this Board take him out?
So, your betting that this Board is probably going to walk away and then something good is going to finally happen. Not likely. If it could be done, the current Board would do it.
Bottom line is we are all screwed.
Spunky, the share price and market says Lanza is in control. And if anyone had any confidence that the new Board was in control or that they will even be around another few weeks, well, the share price would be much better. The fact of the matter is that Lanza is still "de-facto" in control, calling all the shots so far as the future is concerned. And the new Board, they can't figure out how to issue a PR.
Spunky, how about a bet? I'll wager the new Board is gone in the nest two weeks. What do you say?
John 19, like everyone here --- accept maybe Kenco --- I would like to see Lanza is jail. But the idea that the shareholders are going to win control of BD because Lanza illegally issued himeself 50-million shares while serving on the Board --- is a bridge to far.
If BD has 100s of millions of assets, why not just pay Lanza to go away? It is cheaper than pursueing legal action against him. This is all just a fiction...
Like I say, none of this makes any sense, and in the meantime we are just going to sub penny
John, as you well know, I've been in this thing for a very long time. Tragedy is, had I invested in any other oil company I would have done very well. The lies that were told by Lanza amount to theft. And I still believe we are being lied to. Because no matter how genrously I consider everything I hear, it still just don't add up. Like you have said many times, seal the deal and pump the oil. But it just never happens. How many deals has Lanza strung out now?
Sometimes it is just time to listen to your gut. And my gut tells me that in another couple days, this is sub penny and all over. I hope otherwise, but that is how I see it. Sorry to upset you.
Sorry John, but I don't believe that is true. At a certain point, it is just over. Unless BD is a miricle stock. Moreover, for whatever reasons the deal is not getting done, as the hope for stock appreciation is lost, it is very unlikely the new Board will stay around. Lanza can send them packing just by allowing the share prive to drop to 0. And we all know that is just a few days away.
Look, don't be upset with me. This deal was announced with all kind of support on this Board, but now it is clear Lanza is still running the show, or at least still in a position to kill the deal and force the new Board out. Will it happen. I don't know. But I give them to Wednesday this week to reach a deal, after which it really is over.
Spunky, I don't know. The narrative as being presented by you and others is that Lanza is chosing to once again screw the shareholders and risk going to jail, when he could do the deal, watch investment flow into the company, realize the potential of BD's assets, and watch the share prive approach 1.00. And Lanza has 50-million shares? That is hard to believe.
But as you can see from today's price drop, we are quickly approaching subpenny, from which we will never return, and, what, the new Board is fighting with Lanza and will be for months and months, which the price soon droping to .005.
We are as you have previously posted, just screwed. And it seems to me that the New Board has better things to do with the lives than fight with Lanza. How long before they throw in the towel???
Kenco, how risky is oil exploration at 100 + a barrel. No, I don't think Lanza has any of his own money...
Yes, but Lanza's 50-million shares are about to be worth little or nothing. If he did the deal they would be worth a fortune. AND still there is no deal. It just doesn't compute.
Kenco, if he is very rich, then why can't he develop BD properties?
I think that would be a mistake John. Like I said before, we will be sub penny in a few days. Basically, either a deal is announced by Midweak, or it is all over....
I hope so John. If not then a lot of people are spinning a lot of stories. But here is the nunber one fact of the moment:
Without a deal, we will almost certainly be sub penny by weeks end. Everyone can see that this is true and I don't think anyone would really bet against it. This is of no small consequence. It is highly unlikely that we will be able to ever come back from sub penny. And yet there is still no deal. That speaks louder than all else...
fraseriv, I don't think that could be it, because absent a "deal" his 50-million shares are going in the tank, sub penny almost certainly by end of this week.
Nothing here adds up...
Here is what I'm hearing, that Joe is beset by virtually all his ivestors, large shareholders, and everyone with an iterest in the leases to do the deal, that Joe could be very rich if he did the deal, and that the alternative to doing the deal is that Joe will likely lose many of the leases, face a barage of law suits and in the end be indicted for fraud, and then die in jail. The picture that emerges really is bleak for Joe. And yet he refuses to do the deal. Anybody got any ideas why??? Is this narrative perhaps wrong? I do't think so. Any thoughts??? Is he that much of a sociopath?
Let's hope so. Like I said, I'm surprised we have not fallen below .01. So that is good news. On the other hand, if the deal is made, well, we will pop very quickly, and yet there is no real buying going on here. So, it does not not appear that those closest to the deal are to convinced at this point. And believe me, work always gets out.
Me, I'd give us about a 20% change. But I'm prepared for the very worse.
LMG, now that is a stretch, that I'm responsible for burying the stock. Come on, give me a break. I listened to a lot of different people here, but no one has given me one rational reason for why we don't have a deal. We have plenty of irrational reasons, and of course that is what you would expect dealing with Lanza. But that only says we will never get a deal. We will see. I'm still holding and I will still be going down with the ship.
That's funny John, me a doctor! We will see. I try to have faith, but it is not easy. The good news is that we held at .016. That suggest that there is still some hope on the part of some people.
But there are so many things that just don't add up...
It is a miricle we have not fallen through .o1. It is certainly coming.
LGL, give me a call...
Spunky, I had more than a few conversations with Lou. I told him my check book was open. But he never took me up on the offer. Which certainly left me to wonder...
Anyway, I do appreciate your efforts on behalf of the stock holders...
Swordschaser, so sad but true.
Spunky, so sad but so true. I only wish you and everyone had been aboard a year ago, realizing that Lanza is a sociopath and that non of this is really about business, just all a big scam and how many people he can screw. This is going down the toilet. In the next day or two there will be a several million sell-off and we will be sub penny. Count on it!
Say Lou, how come Marshvest is signing your name to his post???
Who can really know John. But one thing is true, we haven't had even one PR from the new Board. Now, we've had PRs presumably doctored by Lanza, and a PR that is posted on a less than official website. It is hard to get why the new Board can't issue a single formal communication updating the status of talks, which would of course add a few cents to the share price.
So, my take is that things are looking very bleak. I would not count on a deal. But I hope you are right.
John 19, the share price is certainly saying that the deal is not going to happen. Plain and simple. And we will be sub penny by Friday. Meantime, the new board can't even issue an official PR. What a bunch of lies.
Yes, but don't you think it would be better to have an offical company PR? Just seems strange to me that this is not the case.
Lou, when can we expect an official PR from the Board released through normal channels to the media?
Options, I think this is a fair summary. I hope the Board is listening!
That would be good news if true. God knows that the new Board needs to fire every Lanza employee and sever all service contracts with Lanza companies!
John, I appreciate the thoughts. But one thing is pretty certain. If we don't hear something from the new board in the next couple of days, well, then you can be pretty certain there will be another big sell off. Which could leave us sub penny by next Friday. So, if ever there was a good reason for the new Board to communicate, now would be the time...
It is interesting information, the release, but do we know if it is really a company PR, or just posted there by someone?
I spoke with him. I'm satisfied that he is still on the Board.