***Ajor, OMOG is almost worth nothing to us. If we buy OMOG, we will be buying into their lawsuits. We will be better off letting them fade away into nothing.***
Derekz, I'm not sure you are totally right. They are worth milliions, but maybe not the multi-tens of millions they think. I think BDGR would settle for about $7 mil. I think if a multi-party settlement could be made, we would do it. But doubt Adam B can be trusted and if he can't be trusted, why would be tell him more about the disputed assests if that info is likely to be used against us.
In other words, BDGR will probably be better of to be quiet than to talk to much, even if in good faith. It will take OMOG a long time, I believe to settle. I doubt Adam wants to give up the best years of his life in court. I'm sure BDGR would like to get things behind. OMOG and BDGR should settle, but it will be a very board settlement with as little info given as possible. Under these terms, it seems best to just buy out OMOG. I'm not sure if that is practical or not.
But OMOG, as I understand it, probably does have a legitimate claim to some assets, but not the windfall OMOG dreams of, IMO- at least not from BDGR.
If I had guess, I'd say we will buy OMOG. However, that is not what I have heard from anyone. This is just my reasoning, without complete knowledge, at work.
In any case, BDGR continues to fully meet my expectations. This company is really rather transparent. All one has to do is listen to what they have said, and what they have done in the last 1.5 years. In some areas they are slower than hoped, but in others they are doing well.
PETD has not reported this quarter, but I wonder if that is so that they can keep some of the dealings between BDGR and PETD quiet so that it is harder for OMOG to know anything.
I hear not buyout of OMOG, but my commonsense is that that is what they both need to do.
BDGR closed strong. I hear there will be some updates on BDGR soon. I hear there will be an update on the OMOG news soon. Management, I hear, has been in NY. I wonder what is up.
I believe they will be back tomorrow. We have had a few major news releases recently. I think we're going to have more and that we will be above $2.00 per share and the way to much higher numbers. If the price of oil stays up, this will be a very fun next 12 months.
I have not sold or traded one share of BDGR since I bought my fist share below $0.60 per share.
Happy days. The market has not recognized what happened today, but eventually, I think, they will catch on.
I love these penny stocks. Few seem to know what they are doing and it is easy to get in very early on these great stories.
BDGR: $1.54b $1.57a 784,000 shares.
Ajor
AI
