Black Dragon Resource Companies Inc (BDGR): 1) The real issue is why BDGR is partici...

Black Dragon Resource Companies Inc (BDGR)

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Sheepdog

Re: crude-dude post# 30539

Friday, 10/29/2010 5:05:32 PM

Friday, October 29, 2010 5:05:32 PM

1) The real issue is why BDGR is participating as a principal if the leases have been transferred. This process implies that BDGR is a principal which is contrary to the PR's and published docs. BDGR USA is not a principal if we contributed the leases as an asset to the Canadian Co. This process appears to be double dipping against the shareholders of the USA corp.

2) To take bids they don't have to know that. You just get better prices and bidding participation if it is known up front.

3) Excellent question...It is my bet they are revising the bid documents as we speak...If they don't address this correctly, this could cost us a LOT of money...Thanks for the question.

I have no humble opinions, but I do have opinions and those are what I express in my posts. BUT...I have been wrong before and likely will be wrong again so do your own research and don't blame me if you are too lazy to do so.