Black Dragon Resource Companies Inc (BDGR)

[Spunkyknight]

Like I said before, the turnaround appears to be underway. Confirmation of facts here will blow us sky high in share value.

The difference between now and before is that we have people in place to report progress (or lackthereof) like Lou. Lou is down on the ground as we speak in LA and he will let us know what's up when he gets back.

And I'm SURE he is going to demand to see the 111 barrel a day well they claim to have. Because if it is true and not just an initial flush you are talking about 3300 barrels from 1 WELL that is 1/3 their position right there- towards cash flow positive. Assuming that they have a good lease agreement for the spoils of the well.

-We have a bona fide pump engineer in place (Mike Ellis).

-We have a stock buyback program to reduce the float.

-We have a mission and barrel goal to get cashflow positive NOW.

-We have an audit coming (yes this is the real sticky one- but so far no one has been able to prove that the audit is NOT underway).

We can all run the numbers we like. But all projections based on just half of this being true keep popping up at over a buck.

The unofficial offer a few months back (ala Mark "Screw"haus)was going to be .25- .30 per share BASED ON WHAT WE HAVE KNOWN AND COMPLAIN ABOUT NOW (!!!)

So a .10 buy-in point is WAY UNDER even that!

However, caveat emptor; the buy-in is so suppressed due to stock manipulation by hostile outsiders AND the untruths we had been fed and some dilution in shares. But it mostly reflects the confidence in BDGR's transparency.

I for one, feel a little bit better day by day. And I have heard or found nothing that directly contradicts the current PR's.

Good luck to the longs and any new buy ins!