Black Dragon Resource Companies Inc (BDGR)

[Ajor1]

Eatmenasdaq, I keep close watch on the shares issued and outstanding. Now, as you will see, there are about 40 mil shares outstanding. There were about 7 mil preferred shares back when we had about 33 mil shares issued and outstanding. We now have 40 mil shares issued and outstanding, so I'm wondering if the preferrred shares converted to common, increased the issued common, and started to be sold when we dropped from about $2.

I suspect that is what happened. As you might have noticed, despite 7 mil shares converting with some of these being flipped for a profit, the stock has held up rather nicely. In time, these common will be asborbed. Each day their effect seems to be less.

In the upcoming months, BDGR should continue to increase monthly bbl of oil produced and revenues. Unlike BIGN, this is happening on a reasonable schedule to what has been predicted. If this company produces audited financials, then they will get listed on a larger exchange. I expect the AMEX, but I might be wrong. At least I expect .OB status.

I guess it depends on the price of stock when they are ready to move upwards. I think $3.00 is reasonable. If they hit $3.00, they will probably be listed on the AMEX (I can't see why not). If they can get on the AMEX, then $10 is within reach, IMO. But who knows?

But this stock seems to have strong support. We have many shares being sold (from preferreds conveting?), but we have a lot of buying (those accumulating before the listing?).

And the drilling program isn't even really going yet. It should be much better later in the year. This is why I can't get myself to sell any BDGR.

Now, BIGN has gone up nicely, but I don't believe anything they say. We'll see what the future reveals.

BDGR: $1.54b $1.55a
BIGN: $0.048b $0.05a
OMOG: $0.0046b $0.005a

Regarding OMOG, they have not produced anything they have promised in the past and I don't like betting on losers. BDGR has produced and continues to produce.

Ajor