Wow All This for me

Gee Bob,

Just got my distribution check for April. The K Fund returned a whopping .001%. That hefty dividend on my initial investment of $150,000 provided my family and me with
$150.00. That's correct the decimal is in the right place. One Hundred and Fifty Dollars. I used to think I could get my money back in 28 years (see earlier post) I am now looking at approximately 77 years assuming Bob and Co can at least maintain the .001% for that many years.

Which to be perfectly honest is probably a big stretch. In the same April 18 Investors letter where he talks about the Saphire project being worth $3-4 billion, they also announce the suspension of dividends for the L and N Funds.

This really sucks for me because I happen to also own the L fund. So the only thing worse than getting a small dividend check is getting no dividend check at all. Holy cow. To think only having to wait 77 years that sounds a lot better than my L fund. Looks like I will never see that $150k.

At least after almost 3 years I got 17% of my initial return back. Thanks you SOB.

One piece of "good" news. Bob and the gang gave me .003% on my M fund. That's $450.00 smackers to you my friend. Brings my grand total of the M fund to 7.9% of initial investment. This means if my math is correct, I should have my initial investment back in approximately 25 years. So much better than the lame K fund. Ha!

While we are at it let's check out the Blutarsky Funds. Those are the Ridgewood funds that have returned 0.0% aka John Belushi in Animal House. There are seven of those funds. Count em folks 7. Wonder what Bob and company are doing with all of that money. Wow.

Anyway it's another exciting month here at the Ridgewood Rip Off blog. I really feel like Swanson and the gang must sit around and laugh all day. How else to explain such a dismal an awful investment company.




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Ridgewood Rip Off

Dear Bob,

I cashed my whopping check from the K fund this morning $300.00. It was a special moment and a great reminder of how bitter I am that you took my money. Have a nice day

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The Ridgewood Energy Rip Off....Thanks Bob

To Bob Swanson at Ridgewood Energy,

Well it's March Madness all right baby. It's March 20 which means that one of those oh you got screwed again letters is about to come from you, Bob Swanson energy guru. Let's see what's in this month's edition.

Remember folks my criticism of Bob and his fellow Ridgewood flunkies are on the action packed Alphabet funds they have been pumping out like guppies in a fish tank. Every morning you wake up and their are more alphabet funds. Congrats to those who got in early, you are making a killing. It's just those of us who got in after 2001 are getting the shaft.

Anyway I am not going to give Bob and the gang the opportunity to boast about the E fund instead we will focus on dividends for the sucker funds.

Ready for the good news?

I fund March Distribution 1.7% for a whopping total of 23.9% since inception

J Fund .3% 8.6% since inception
K Fund .2% 6.4% since inception
L fund .2% 17.1% since inception
M Fund .4% 7.6 % since inception
N Fund .6% 40.7% since inception
Q fund 1.0% 10.1% since inception

Not listed because they have no dividends are the

O Fund 0.0
P Fund 0.0
R Fund 0.0
S Fund 0.0
T Fund 0.0
U Fund 0.0

Just think if you put in $150,000 (minimum requirement)into the 7 funds that actually pay a dividend you would have received a grand total of $6,600 during the month of March. A similar amount invested in three month Treasury bills would have generated $25,830 for the month of March. Hmmmm $25,830 which is 100% guaranteed backed by the U.S. Government or $6,600 backed by Swanson and company.

So Bob and Company why don't you stop your foolish marketing and the foolish pumping letters that you send to investors and start to focus on pumping more natural gas out of those wells?

Another super month Bob. Keep up the great work and we should get our money back sometime around the turn of the century.

Ridgewood Energy Another Dry Hole - Happy Valentines Day

Yesterday Bob Swanson posted another one of his famous and now becoming more frequent letters to investors. The O Fund had another dry hole. After much hype the West Delta 95 came up snake eyes. Also known as a bust!

Thanks Bob Happy Valentines to you. Hopefully you and your family were out celebrating at a fancy restaurant while your investors in the O fund picked up the tab.

Not to fear Bob also reported good news on the same day. The L, N and R funds had a successful project. By April he says they will be producing lots of gas. Good job Bob. Hopefully this good news will last longer than the initial good news on the O fund West Delta project.

Again, Happy Valentines Day sorry our roses were wilted!