Black Dragon Resource Companies Inc (BDGR)

[snowcrow]

High inside ownership is almost always positive. I don't see that there have been any recent sales. Dilution for a start-up, and given the potential for the price fluctuation of oil --- is probably preferable to debt, assuming they are building assets with the issuance.

I don't mind the fact that production is slower than anticipated, assuming they don't lose any leases. I'd expect them to be somewhat behind what was a very agressive schedule. What I hate are the lies and lack of transparency. The next quarter will make or break this stock. If we get a credible audit, if they are generating cash flow to pump back into production, if they show signs of becoming "bankable" perhaps then there is hope.

BD's home page says that RM was once a State Prosecutor in Illinois. That gives me hope that everything is on the up and up.