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Are they coming out today or what. We must stop the bleeding
Here is one for starters: Breach of Fiduciary Duties
An individual in whom another has placed the utmost trust and confidence to manage and protect property or money. The relationship wherein one person has an obligation to act for another's benefit.
A fiduciary relationship encompasses the idea of faith and confidence and is generally established only when the confidence given by one person is actually accepted by the other person. Mere respect for another individual's judgment or general trust in his or her character is ordinarily insufficient for the creation of a fiduciary relationship. The duties of a fiduciary include loyalty and reasonable care of the assets within custody. All of the fiduciary's actions are performed for the advantage of the beneficiary.
Courts have neither defined the particular circumstances of fiduciary relationships nor set any limitations on circumstances from which such an alliance may arise. Certain relationships are, however, universally regarded as fiduciary. The term embraces legal relationships such as those between attorney and client, Broker and principal, principal and agent, trustee and beneficiary, and executors or administrators and the heirs of a decedent's estate.
A fiduciary relationship extends to every possible case in which one side places confidence in the other and such confidence is accepted; this causes dependence by the one individual and influence by the other. Blood relation alone does not automatically bring about a fiduciary relationship. A fiduciary relationship does not necessarily arise between parents and children or brothers and sisters.
The courts stringently examine transactions between people involved in fiduciary relationships toward one another. Particular scrutiny is placed upon any transaction by which a dominant individual obtains any advantage or profit at the expense of the party under his or her influence. Such transaction, in which Undue Influence of the fiduciary can be established, is void.
West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.
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fiduciary 1) n. from the Latin fiducia, meaning "trust," a person (or a business like a bank or stock brokerage) who has the power and obligation to act for another (often called the beneficiary) under circumstances which require total trust, good faith and honesty. The most common is a trustee of a trust, but fiduciaries can include business advisers, attorneys, guardians, administrators of estates, real estate agents, bankers, stock brokers, title companies, or anyone who undertakes to assist someone who places complete confidence and trust in that person or company. Characteristically, the fiduciary has greater knowledge and expertise about the matters being handled. A fiduciary is held to a standard of conduct and trust above that of a stranger or of a casual business person. He/she/it must avoid "self-dealing" or "conflicts of interests" in which the potential benefit to the fiduciary is in conflict with what is best for the person who trusts him/her/it. For example, a stockbroker must consider the best investment for the client, and not buy or sell on the basis of what brings him/her the highest commission. While a fiduciary and the beneficiary may join together in a business venture or a purchase of property, the best interest of the beneficiary must be primary, and absolute candor is required of the fiduciary. 2) adj. defining a situation or relationship in which a person is acting as a fiduciary for another. (See: trust, fiduciary relationship)
Leave that to the experts to decide
Anyone receive their proxy yet?
1. You have the right to remain silent and refuse to answer questions. Do you understand?
2. Anything you do say may be used against you in a court of law. Do you understand?
3. You have the right to consult an attorney before speaking to the police and to have an attorney present during questioning now or in the future. Do you understand?
4. If you cannot afford an attorney, one will be appointed for you before any questioning if you wish. Do you understand?
5. If you decide to answer questions now without an attorney present you will still have the right to stop answering at any time until you talk to an attorney. Do you understand?
6. Knowing and understanding your rights as I have explained them to you, are you willing to answer my questions without an attorney present?
Get the stock back to $2.00+ and then you can earn our trust. Accusations and Innuendos along with blame of the shareholders for the demise of the stock price is BS and you can have George Mills call me, you have my number.
Roses are Red
Violets are Blue
There are traitors on this board
Could this be you.
Roses are Red
Violets are Blue
There are traitors on this board
Could this be you.
Roses are Red
Violets are Blue
There are traitors on this board
Could this be you.
Who worked for Malone and Bailey?
The last 100,000 was a buy not a sell if that helps. Buys are in green sells are in red if you have the upgrade of Etrade.
You do not have to convince me. The whole purpose of the statement is to get the truth. I think this week we all will see the truth. If Joe didn't want Mike in there then he should have not hired him. If this company is going to be sucessful Joe needs to go and I think we are all in agreement. Who takes over and what their agenda is with the company is another thing. Like I said Mike should sue the company for all of the false things that were said about him and Joe Pensley. Like I said before there are three groups trying to take over the company and I am on my side.
Waiting on the paperwork to be faxed supporting that Mike did indeed get paid both cash and stock for his services. Interesting stories out there. I wouldn't think there will be a retraction on the fact that multiple people have confirmed that he was paid. I don't know who to believe because everyone is lying about everything. I do know when I get the fax I will post it and then you can figure it out for yourselves. If indeed the company press release was false then Mike and his lawyer(which both are mentioned in the release as being paid)would sue the company for libel. The retraction is if indeed somehow comes out would be for our own benefit. There are three groups here trying to gain control of the company. I will just say this all of this is going to put the stock at 0.00
When is his correction to take place? What part is he correcting?
Someone gave out the 09/28 date but that was just preliminary. I was told that the audit would be done by the 15th but the written report(which is the important part) will not be done until the end of the month.
Good observation of the os, no one else caught that.
The audit will be finished on 10/15 but the report will not be. More like before the end of the month.
THERE WILL BE AN AUDIT
Good post, everybody should listen.
If Ellis quit that should tell you something about his agenda. He wanted to go one direction that the company could not. We will never know the whole truth but we have all been speculating from the day he was hired why he would come here. His ambitions were not ours. The audit will come through in October. We have all been patient this long what is one more month. The 15th is coming up so I am sure the firm has individual taxes on their agenda after this week. The I am sure they will finish up after that. It is going to take all of us along with some help from Joe to get this company where is belongs. Joe is a stubborn guy we just have to find what we have in common and then iron out our differences without the SEC
Continuance until next year
Doesn't Work
What time is the hearing set for?
Board with be the new president together to make decisions. Mike E gone from President still a consultant. Cracked under pressure from all the messages and questions regarding progress etc.
All you JACKA**'S Who go and complain to the SEC know what will happen if they visit. You lose everything. There are other options. If you want the SEC to come in just sell now why you can. I know that 75 Tbird is behind some of this and why. All you are doing is screwing all of us. Right now atleast we have a chance to turn this around. We have to find away to work with JL office so that we can get our investment back. Anyone who is not in favor of this should sell their share now. Has anyone had trouble trying to sell the past month. I would say Tommer, if you do not post again that would be plus.
If Joe and the company found not guilty on Monday, what does this mean. Do you people are waiting to pounce on shares.
Is Mike E totally gone or just step away from President?
Volume
July 31 1,771,970.00
August 1 924,700.00
2 641,690.00
3 877,990.00
6 440,960.00
7 1,303,730.00
8 2,409,870.00
9 5,954,920.00
10 4,074,720.00
13 1,928,190.00
14 410,620.00
15 543,420.00
16 981,390.00
17 1,180,250.00
20 565,640.00
21 2,687,480.00
22 909,620.00
23 3,516,590.00
24 3,138,590.00
27 2,368,100.00
28 2,048,250.00
29 1,346,930.00
30 460,540.00
31 860,460.00
Sept 4 2,005,890.00
5 1,156,280.00
6 1,367,360.00
7 898,830.00
10 241,030.00
11 582,020.00
12 361,360.00
13 590,650.00
14 1,523,920.00
17 863,700.00
18 324,910.00
------------
Total Sold 51,262,570.00
============
If there were 99 Million on 07/30/07 and the tranfer agent says there are 136 Million as of the 18th then 37 Million shares of the 51 are from the company. According to GZ there were 115 Million and that is still a third of the number if you believe that scenario.
WAKE UP
You have been on the board for less than a month and have added nothing but stupidity to the discussion all on your own accord. Simple math.
06/30/07 Financials 95 Million
07/30/07 Presser 99 Million
09/17/07 Gary Z 115 Million
09/18/07 Signature 136 Million
Worst case scenario there have been 16 Million shares sold from the company in the past 7 weeks, end of story.
Can anyone find out what Mike E is up to or how to contact him.
Gary is a one man show who needs more assisstance but is dooing the best he can. The last of the information requesting including the 2005 and 2006 tax return are being hand delivered next week. Remember the individual deadline is Oct 15th so if it is a week after that don't be suprised but it is coming out in Oct.
The audit is full compliance and suppposed to be out around the 15-20 of Oct. Auditors keep asking for more support.
Everyone wants the same result, a viable company and directors who tell us the truth about our investments. I have talked with several high ranking people, Mike E, Gary Zorne, Joe L, Lou and all of there stories are different as to what is going on with the company now and what is the intent. I will just wait for the audit like everyone else but I am the first one to say if there is a vote and I have anything thing to say about it there will be dramatic changes for all involved. It seams there are plenty of oil and gas people involved with this who know there job but don't know the first thing about how to direct individuals or plainly run a company. First rule of a business as well as your personal life, if you don't have money to spend stop spending.
Wolfpack
Interesting that you just joined the board. Who hired you?
What do you know.
Charts talk
I agree, the audit will tell the truth but that is what it is for the TRUTH. That is why pinksheets has changed their philosophy on companies that just throw shit out there. There is somewhat of a standard now yes but companies can still lie as much as they want unless someone is willing to push the envelope to hold the officers accountable. There is also warnings posted telling you that penny stock are not guarenteed to report "accurate" information, pardon the pun
Who said anything about a judgement
Soso, I wouldn't worry about the notes. These are LICENSED AUDITORS so they will go through every documents with a fine tooth comb before signing off on the audit. I don't think they are going to risk anything on a small potatoes company like BDGR. I will keep it simple and ask general questions if I get the opportunity. Substance over matter at a later date.
I tired two different lead auditors lines and both went to Assistants much like a secretary and then you have to ask to speak with their boss(lead auditor). I did not get a call back so that must mean they do not want to talk.