Spunky - Careful - This PR was from LANZA. Lanza is NOT capable of truth telling - that much we all know!
Keep in mind, if you were new to BDGR and knew NOTHING of the past lies and deceptions - and you read the following headlines:
BDGR Releases news - Five new wells each generating 100 Barrels of oil/Day!
BDGR Releases more news - New Management team in place (Yeah right - Lanza is Now CEO)
You might think of becoming an investor. Then again, if you knew the past, the reputation of the man who was now issuing the PRs, and his fradulent track record - would you warn any friends who might be considering BDGR as an investment to look further?
IF RedChip is owed money, and IF the electricity has been turned off for non-payment, and IF there is no credible audit - do these facts have any bearing on the matter at hand?
Has someone been duped into believing 100 BOE/Day per well will last and perhaps grow as more wells are drilled? Has that "information" clouded someone's vision?
Who in his right mind would believe anything Lanza says - including new management to take the company into a new direction?
Somewhere there has to be a spreadsheet of sorts that depicts each and every lease, each and every percentage "owned" by BDGR, each and every cost to operate these wells, each and every cost borne by BDGR, and ACTUAL production numbers from each and every well owned or partially owned by BDGR. Such a listing would be invaluable to anyone looking to invest in (or buy out, or merge).
Suddenly Lanza has gone from BDGR consultant to CEO and C of BOD in one fell swoop. Suddenly, Sleazy Rick Michael is gone, son of Joe (Mario) is gone, and who the heck knows who Lanza has replaced them with - maybe Tattoo Hank for one! Certainly any attempts by Barry to orchestrate a merger have been tanked by Lanza. I'd guess any attempts by Barry to improve the Company have also been similarly tanked by Lanza.
Why would Sleazy Rick, Son Mario, et al, suddenly be "fired" by Lanza? These are his cronies, not outsiders - all in it for the money. If something nice were about to happen to BDGR, why wouldn't these idiots stick around to share in the spoils?
I'm totally confused and bedazzled by the recent events. I am not swallowing one single word written by Joe Lanza, or believeing one iota of his informative PRs. Newcomers, no doubt, will - unaware of past lies and deceptions - and that may be in part causing some price movement.
That being said, what IS going on with this company?
