OMDA Oil and Gas, Inc. (OOAG)

[jimwalters]

Collectibility. In the event of a win collectibility looks very unlikely. There are no assets other than the wells themselves. With oil bouncing around between $30-40/bbl those wells are probably worthless. Everything I've read suggests oil would need to be at least double current prices to make these kind of stripper wells economical.

The lawsuit, in my opinion, has never been aimed at collecting anything of value. Adam knew there was nothing of value before he filed the lawsuit. Rather, the lawsuit has been a big public relations bonanza for Adam to print and sell shares, reverse split, and print and sell even more shares.

I'm not saying Lanza is a good person or innocent. He's scum of the earth. Being scum of the earth he has hidden his assets. Just look at Adam's buddy Turino. Similar situation. The SEC put out a big PR about going after Lanza and getting a court order to disgorge $8 million. Last I heard all they have gotten so far is about $100k.

Mark my words. May will not be a big $50 million pay day that Adam promised us all. If OMOG wins, and I believe that to be doubtful at this juncture, the only thing we will get is a multi-million liability to plug a bunch of worthless wells that are no longer economic. If that is a homerun I've got some oceanfront property for sale real cheap.