OMDA Oil and Gas, Inc. (OOAG)

[ooag_long]

Check your math. He agreed to raise $400K for Lanza and gave him $20K down and a note. Lanza gave him the blank certs which he gave himself a majority with took to DE and took control then told Lanza the balance of $380K was owed to Omda which was now him. So Lanza kept the assets and a law suit ensued. Barnett never put anything like 3/4 million into this. Not of his money anyway. Simply isn't true

other monies were involved, not just the purchase of shares, shareholders that were there back when lanza was in control benefited as barnet bought their shares at inflated prices

further, i have not ever heard you say that barnett used the message boards to bash the company so he could buy it cheaper, i doubt you could prove that

Is the TA gagged?

Quote:
--------------------------------------------------------------------------------
Bottom line, unlike lanza who diluted this stock as a strategy, barnetts dilution, many 10's of thousands of times less than lanzas, was a necessity in order to keep the company alive
--------------------------------------------------------------------------------


Simply not true. Barnett was a dilution machine. And the money he raised to this day has never accounted for. He clearly raised at least $3M selling billions of shares and spent less than a third of what was raised on litigation.

I asked you a while back to share with the board your adjusted basis, you never did, that's because its well under 20 cents, i have little doubt that you have made substantial progress towards breakeven after the last run

there has been a purchase of a lease, and the drilling of a test well in panola county etc. --there have been additional expenses other than just litigation, i do agree however that he doesn't yet justify paying himself more than say 150,000 a year, multipy that by 6 years and thats a mill, add his personal expense arguable 500 grand with all the mslc bs regardless of what you say.

further, as an investor in a pink he's entitled to expect a 10 time return on his money, we all friggn do!!!

that puts him at about 3.5 M total if and only if
1.) shareholders are no longer diluted
2.) he expects the latter expectation to be just that based primarily on his own personal stock' appreciation

I do beleive looking at the numbers that he will "survive" an audit, and if my guesses are correct, we are talking about a stock that can hold its own at 25 cents a share easily, barnett knows that the biggest money is getting this stock up to a buck a share, that would be about 20 times the payout than he could crookedly extract now, with steady cash flows he's being paid to wait