Let me see if I understand your convoluted logic:
The stock price has fallen considerably, so you consider it a good time to buy. (I half wonder if you bought Enron on its way down just because IT was "bargain priced")
Any questions in your mind as to why the stock price might have tumbled as it has?
Clue: Lots of people (myself and LuLu included) purchased this stock as the company continued to issue false PRs claiming continual increased production with even more on the immediate horizon. Our greed rendered our collective reasoning to believe in the management. Our Greed caused us to believe they had miraculously purchased producing wells on outstanding properties and all would be contributing to the ficticious positive cash flow. As some of the truth began to emerge, the stock price fell. As additional truths were made known, the stock price fell further.
Any idea as to why the stock price might have been higher in recent months?
Clue: Lots of people (myself and LuLu included) purchased this stock as the company continued to issue false PRs claiming continual increased production with even more on the immediate horizon. As we unwittingly read about the great things happening to BD, we bought more. Our greed rendered our collective reasoning to believe in the management. We bought more. Our Greed caused us to believe they had miraculously purchased producing wells on outstanding properties and all would be contributing to the ficticious positive cash flow. We bought more. The stock price went higher, based on lies. Did you find it odd that the stock price fell once Lanza was exposed?
The former CFO told us his thoughts, and who should know better. Perhaps you think you know better. Perhaps you simply dismissed his views as readily as I accepted BD's PRs as being accurate and truthful.
More than one poster has stated his/her determination to go after those who issued those false PRs via legal channels.
Is there a chance some law enforement agency or authority will follow up and hand these folks their collective heads as has been the case with similar felonious activities by other pink sheets? And what effect, pray tell, might that action have on the stock price?
Even my ex-friend LuLu clearly stated his own personal belief that these folks have done more than enough to land themselves in jail -- his words, not mine. Words from a man of Integrity, mind you, and now a 'Director' of the Company.
So, I guess I'm not comprehending your logic as to buying now because the price is low. Maybe you know something I don't about BD's immediate future....or maybe.....NAW, you don't represent Lanza's interests.
BTW, there's a raft of other companies who's stock price has fallen considerably over the past several months...interested?
Of course some of these are in the throes of bankruptcy, others are in the midst of criminal investigations for significant wrongdoings by Management, and others are unable to meet payroll or pay expenses - maybe they can all issue and sell more stock to unsuspecting investors. Now there's a novel idea!
