Gentlemen:
Mr. Lanza asked me to post the following to this board and I am doing so at his request.
Gary Zorne
Lou:
This is the only time I will appear on this forum. But, you are not giving a clear picture and the investors are being totally misled by your posts.
1. You never had a “watch” on Dragon. You are and were an outside Director, brought on so the Board would have a shareholder voice. All you gave was your opinion – usually off base, because you do not understand the oil and gas business.
2. As far as my resigning from the Presidency, I stepped aside because Large money was hesitant in coming in because of my IRS problems and conviction for failure to file. Not because of you!
3. Michael Ellis was voted on as President and it took 3 votes.
4. Lastly – Shareholders! Stop and think! Lou stated that he demanded that all operations stop except to work on the wells going down and NOT to put on any new wells on our leases in operation.
How dumb is dumb? We have 550 plus wells on pump. We own over 1200 Bore Holes. We have over another 100 leases to work on. If we followed Lou’s direction, we could lose half of our underlying value. They do not give away oil and gas leases – you pay BIG money for good properties. We are talking Tens of Millions or more in Lost Lease Properties. We are a Development Company.
Mr. Ellis sees a lot of deep reserves that the majors never drilled, and Lou says stop going forward and improving the company net worth. He wants to get the Company Cash Flow to meet expenses. Please! You stop – you shrink in value. I have told this to Lou, but he hears only what he wants to believe.
Mike Ellis sees the big picture. I do not agree with him on all things, but all in all, we the shareholders of Black Dragon are Lucky to have him. People like Lou would bankrupt this Company.
As far as myself - I am not stupid. I would not give 5 years of work and Billions of Dollars in Oil Value away. Let Mike do his thing for the next 3 to 5 years and see how much money you make. The Lanza’s put a good package of leases together. Now, let him put modern technology to work and convert this to cash in our pockets.
Lastly, you folks should not have had the ability to buy Dragon under 75 cents a share – here it is at 5 cents. A stamp costs more. As oil prices are over $80.00 a barrel and going higher – you folks should be buying these shares up like crazy and taking delivery. I am not a Broker – this is my personal opinion.
This is what Lou should be telling you, he has been out here – He has talked to the people – this is a REAL DEAL – Mark my words, the Dragon could change your life. $50,000 buys a million shares; $10,000 buys 200,000 shares.
We could sell 2 leases and bring in around 5 cents a share or more – we currently have 130 leases and 100 additional leases to put on line. You do the figuring – Lou can’t.
I will not be back. The future will prove me right.
Did everybody see the June 30, 2007 Financials on Pink Sheets? Did you notice that Shareholder Equity went up to 10 Million from 7 Million? How many Companies show that kind of increase in Net Worth?
That was on my watch Lou.
Joe
