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Out of his hands at the auditors discretion, you either buy it or not. Simple as that if you buy it all is good if not either sell or do not invest.
Without sounding rude unless you have been hiding out in the Amazon since 1970s ypou should be aware this subject has been discussed daily for months. Round and round and round.
I will say it one more time, nobody cares more about your money than you do so only rely on your own judgement
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If you are relying on message boards and those who populate them for your investment decisions you deserve everything you get.
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No altruism exists in the markets. More angles here than a geometry exam. If your comfortable in the shoes you are wearing then do not change them, if they are starting to pinch try another pair. Easy really
GL
10 year old report on a mine, I am sure if i was to look into apples past they have sold some crap/performed a service to a possible conman. I am interested in the here and now and not a 10 year old report. I am saying no more on the subject as it really has no place on this board. As for selling the unit , no law against that as far as i am aware.
This is CDNL board not USAR or Mr Owen or congress mine. I for one am sick to death of the back and forth of a 10 year old report. Lets stay on subject. Take this subject to the mining board where it belongs
Like i said read in to it what you want, but yours is an opinion just like mine. i am not trying to get people to buy or sell their positions based on mine let them use their own judgement/opinion i am not trying to scare anyone or blow smoke up their rear end.I took the time to reach out to the auditor, i am sure if they were not auditors for Cardinal they would have said so. I did this for my own DD, sharing it is only to offer up some more perspective with which to make a more informed choice to others, i am not asking for or telling them which way to sway.
I am not denying the financials are very very late, i am far from happy about the situation all i am trying to establish what is actually going on not just shouting scam at the top of my voice or buy buy buy.
GL
Reply from the Auditor attached
That is the thing we can all have opinions, i think the financials will be released and are being worked on, its just not happening on the timeframe i would like it too. I was not not going to post this but i can see the wolves are out at the moment so just to even it up a little.
The response i received from the Auditors themselves, some will say its just a standard reply but the thing i take from this IMO is that at no time does he say CDNL are not clients or are not being audited by them. Something that would not require confidentiality.
Take from it what you will
tonight's action is making my point perfectly, the congress mine seriously this was brought up here a while back and discussed to death then, 2006 OMG let me check my calendar perhaps i have woken up and the last 10 years has all been a dream LOL. Full on action tonight with the usual veiled threats of mass PPS suicide to imply you had better sell before the massacre ( you know i am selling all my shares as cheap as possible tomorrow because i am a winner ha ha ha ha ha ha and i really do not want to buy anymore cheaper than the current PPS and all this delay is perfect for me to attempt it ha ha ha ha ha) ) . Of course all this shenanigans is only possible due to the continuing lack of filing status i repeat
Ok point covered indeed, there is no altruism in the markets full stop FACT. If you are relying on message boards and those who populate them for your investment decisions you deserve everything you get.
Now lets get back to the topic of the board which is CDNL, another week almost gone. Very disappointing, and getting very predictable. Watching paint dry is more exciting at the moment, hopefully it will not end up being more rewarding LOL Zzzzzzzz JMHO
Your super smart friends over on the DD board do not seem that bright to me JMO, by the repeating of the 10c a share for the first tranche argument it repeatedly fails to understand what the SPA actually entails.
They would only be paying 10c a share if they did not complete the SPA and pulled out after the first tranche with just 36 million shares for their $3.75 million. Not rocket science.
There really has been a concerted effort to dig up the dirt on CDNL by some on the DD board and its been pretty unsuccessful . Biggest issue remains the filing, doubts will remain until they get current but JMHO i do not think this is anything but a previously poorly run/financed small time company with a good product that is now trying to join the big boys and is experiencing the pains that go with it. I am still holding but as i stated previously my time and fiances are finite unfortunately as i do believe it could pay of handsomely if it succeeds in its ambition. Just wish it would move faster LOL
GL
Could not agree more, room for all views. Very boring without that
Chinese investment overseas 2015 link to info regarding Chinese foreign investment.
GL
Although there is a possibility in your comments i will counter with the fact that the Chinese bought Volvo, they did not try and copy them they bought the company outright and the cars are still made in Sweden , at least for now. IMHO the delay in receiving anymore Chinese investment has everything to do with the current filing status, they are not going to put money in until everything is signed off independently, the same as most of us are not willing to invest anymore with out being up to date.
GL
Seriously Dude you need to ask, that is one of the worst spoof posters i have ever seen, can hardly string a sentence together in English but finishes it with long and strong brother, not sure that is a popular phrase in India. Also claims to be holding $50k worth but would not be impressed if it climbed to $250k. OMG. He started posting yesterday and now cannot stop. The final giveaway is the ringing endorsement for MR Ceo is Mr Clutch. The only thing missing is i am buying on the dips and loving it
The only thing credible is the fact on the videos from Friday the control panel is indeed in English and an Asian language we can assume to be Chinese which would indicate there likely destination.
Jeeze i hope this malaise we are in at the moment is lifted soon so i do not have to keep reading crap like that.
We can all pick a point in time regarding PPS which suits the message we are trying to convey. Whether that is recovering from a low or tanking from the high but its all just history.
I am interested in the future and IMO right now we are treading water big style. Sure financials take time and we can all say audits take time but this is far too simplistic a view, all companies annuals are audited, do they all take months to be released?. Its JMHO but if they are taking this long we are either missing some parts of the jigsaw or they were in a comically messed up state. Its 3 months since filing process was released and still no financials. We are now having trouble keeping PPS above a penny and the tone of the board has become very antsy IMO with plenty of friction obvious, this IMO is down to the continued delays which if everyone is being honest with themselves is stretching the patience of even the biggest believers.
I do not want to hear what a great buying opportunity it is to have this PPS continually drift back down and to keep loading , there comes a point when you say i have enough thanks. Its time for real progress on the financials, i am not interested in buying on the dips i want it to climb, no update on the share structure is killing the PPS. Yes the potential is there, its always been there that is why i have stuck around for so fricken long but i am now running out of time and patience not everyone can just tie up their money for months/years at a time with the finish line continually being moved further away.
I no longer post much on here because its just repeating the same crap day after day, its always tomorrow, well IMO it really is getting down to the end game, a lot of good people who have stuck around for a long time will end up losing out if this does not start moving forward because they cannot hold indefinitely and not everyone's resources are infinite. Time for KJ to really show his urgency to get current, because from where i am standing its not showing. EOM
Perhaps if it had not been talked up for the last few weeks already, i have no problem with seeing 2 sides but make your point and leave it at that, repeating endlessly whatever the sentiment does not make it right/wrong just very very very boring. Does CDNL need to file that is big YES, will they that is the $64k question, if you are trying to destabilize to get in cheaper you still think its likely you just want it cheaper but thats JMHO.
Then if you traded after this "insider" information then perhaps your securities litigation firm should tell you are guilty of insider trading LOL
As soon as the SEC gets mentioned you know people are on a scare mission to scoop the cheapies. If you really were involving the SEC why would you highlight it on this board. Surely not to try and panic some poor soul in to selling. I am sure the SEC will spend hours on the phone to you regarding CDNL, LOL. Major players in the stock market , wow $30k traded today ha ha ha
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124413868
only a million shares traded so far. Yes KJ is late again as you have been reminding everyone for the last few weeks non stop, we are all already aware of the filing status and am i disappointed YES but i am not going to throw the baby out with the bathwater just yet, too close to the finish line, whether that is positive or negative this tale really does has not got much longer to go before all will finally be revealed . If you really had 1.25 million shares as claimed then you would not be slamming it day after day you would have quietly exited your position maximizing your PPS if you wanted out, not stamping your feet everyday shouting at the top of your voice its a dud. Unless you want in again at a particular entry point, which would then indicate its not a dud despite the late filing JMO
JMO but i think the point has been missed by many, its not the $500 buy that is significant its the fact he has not sold his holding has had been speculated by some i think that was the whole point of the buy to show he is still holding JMO. Its funny to see some toys being thrown out of the pram because its not continuing sinking today. Long long long way to go but lets just see what the next few weeks hold.
I agree with a certain amount of what you are saying regarding fiduciary duties and its been maddening for sure. That being said because of the delays and remaining doubt you can still buy in at a penny and change. Do not get me wrong i will not stay around forever and the end game IMO is fast approaching.
GL
Beware of man who speak with fork tongue, his intentions seem obvious, you have already stated the rises and falls have made you plenty of $ the last 18 months, so CDNLs failure to deliver on your timeframe is something you like to promote on a regular basis so you can try and buy in again lower because you have sold out already and then you sell again on the next rise.
Or you just like inflicting wounds on yourself because if i really held over a million shares the last thing i would be doing is promoting negativity unless i really liked to lose money but you say CDNL only ever makes you money. You see the conflict i am highlighting?
KJ saying he will be away early in the week on a site visit and will update later this week does not bode well for the major release most are looking for this week but that is JMHO
Indepth analysis well done
or perhaps you are on the wrong board and meant to update this one LOL. Looks like you were a little off.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124085792
just watching from the sidelines, not much to be said that has not already been said recently. Big couple of weeks coming up, still holding a reasonable amount in anticipation of getting current. Lets hope all this waiting pays off, patience has been tested for some time.
GL
how can anyone take you seriously?
last week this was the message
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124164500
OTC stock issues shares to pay for convertible debt, holders of the debt try to manipulate the price to maximize number of shares issued. HOLD THE FRONT PAGE this had never happened before in OTC land. Change the record this one is stuck.
Looks like some shorts might be trying to put the flicker out before the bonfire ignites
It took 2 attempts the first email he was reluctant to release information and asked more about why i was asking, i then explained i was doing DD on the company and following up due to their previous lack of confirmation and proof of existence on other PRs( Grupo Trebol etc). I also stated i was a shareholder and had a financial interest. I then received this reply which is why i remain holding despite the carnage, should this be completed then things will look a lot rosier. JMHO
Whether anybody else believes in this emails origin is irrelevant to me as i know its provenance. One note of caution is the lack of any PR from the UJ on its own website regarding this, but perhaps this will follow once the installation is actualy complete, I guess we will all know in a few weeks. As you may well know Prof Andre Nel is the Head of School: School of Mechanical and Industrial Engineering UJ
GL
i currently only have one post a day so do not expect a fast reply
https://www.usaid.gov/powerafrica/privatesector
In particular the section which says
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Partner with specific university systems in sub-Saharan Africa to train and hire local citizens to perform as plant operations engineers and technicians, as necessary for the installation, service, and ongoing maintenance of the RUBICON™ system.
That sounds very much like the institute and UJ installation to me. So perhaps they do have a plan and are working it regardless.
JMO
GL
Hold the front page, OTC stock has debt and has diluted some shares to pay for it, that will be a first, NOT. The O/S is still very manageable by OTC standards, plenty of stocks have high hundred millions or even billions.
The biggest issue is the companies credibility, yes they are in debt, again not new in OTC land but if the actually produce a working model then they gain some much needed credibility. So they need to borrow more to get get DNRG off the ground properly, i am sure if they show *Rubicon* actually exists this will not be a problem.
It they do not produce then its dead in the water , but it really is only a few more weeks to wait. PPS is already in the toilet
Lots of hostility towards DNRG by the noise, almost unrelenting. I am sure some were actually quite disappointed the numbers were not much higher. I have seen 300+ million added in a month on a proper dilution attack so 75 million was not that much, 50% added to count but share price down 95%+. Seems a little oversold to me, well if they can actually produce the UJ installation that is, that being the case i will rise, not to the unrealistic heights of before but it will rise.
A little something for everyone i think.,
The Good
Not nearly the amount of dilution has actually occurred compared to the amount the noise would of had you believe. I am sure some disappointed by the lower than expected numbers. A lot of the convertible has been paid.
If the planned installation occurs then the current share count does not look to bad. If they can succeed in getting non convertible loans then things look brighter.
The Bad
Debt increased ( no revenues so that was expected) also no grupo trebol so i guess that was never a done deal, nice of them to mention that, lol.
Management fees and expenses too high for what they have actually shown to have achieved.
All in all it was not as doom and gloom as most had anticipated, the financials side is always going to hurt until they get that working model and some decent loan structure. The jury is still out on this one, the next few weeks will be telling, no UJ installation and its likely curtains, if it goes ahead then lots of people may of wished they bought it at .005. Not holding my breath as this stock has been a let down for sure. Lets see how it trades over the coming few days.
GL
Well at least he did not say there was any other problems other than taking longer than anticipated. I am assuming this is the annual report he is talking about,the restatements really should be ready to release.
Like you said not too much longer to wait, problem with Dnrg is it was overpriced last year on the back of the power africa link, its drifted down on a combination of poor PRs and lack of follow up, dubious financing choices, perceived lack of progress, unrelenting negative sentiment etc.
Now the last month has seen some changes with 8k filed and confirmation of UJ installation, i do think that if this proceeds it prove a lot of people wrong and interest will return. The fact is a small unit does not matter as it will prove the existence of the *Rubicon*.
If DNRG was simply a pump and dump then why make the company fully reporting in the first instance, most pump and dumps live in the shadows and do not have audited financials done. Speaking of financials these are also due shortly and will highlight the extent of the dilution ,which IMO is not as spectacular as some would have you believe but that is JMO
The UJ i am sure are privy to more info that us and i think they would see right through any BS regarding fuel cells that came from DNRG, the fact they signed up and risk their reputation says a lot i feel.
The next few weeks will be telling for sure, the one dark cloud is the lack of buying, which at these prices is a concern. But i am not in too deep ( always crazy in penny land) and remain comfortable with what i hold.
GL
A little reading, might help you understand a little better that after 4pm is not 3:59.
For the uninitiated a very good read on the after hours price that appears, also know as a T-trades. Todays timed at 16:10:38 not 3:59
https://incrediblepennystocks.wordpress.com/tag/form-t-trade/
GL
I think you have taken the wrong message away from my post, i am talking about predicating PPS in a post not chart trading. You know the its going to .003 or its going to .10 kind of thing. Your own personal targets are just that, when you start telling the world then it is how you want it to be, that is all i was pointing out.
But as a foot note if price predication was really that easy we would all be millionaires and have given up this circus already,just a thought.
GL
PPS Predictions/direction are meaningless and are used in general to indicate the price/direction the originator would like to see.The market will decide.
As has been stated previously and a filing to support the UJ installation and institute agreement is a reality and the installation part is scheduled to be completed in the next few weeks. If this does not happen then, and i repeat then the shouts of scam and no Rubicon will have some actual legitimacy until then its just an opinion
As is the shouts of mass dilution, no one know for sure how much has actually taken place and very shortly the financials will be released which will give the actual true picture so enough with the amateur CPA crap and lets see what it is in reality.
There is an obvious polarization of sides here and not much actual discussion of DNRG its all points scoring on one side and cheer leading on the other.
Boths sides do not have long to wait
GL
Even if they did produce a picture i am sure someone would claim it is photoshopped.
An emotional response is exactly what is being hoped for with CDNL right now IMO. Scam is a very emotive word and is used far too often in penny land IMO, mostly for personal gain and without foundation.
As with all share trading acting emotionally will make you take bad choices
If you have done your own DD and remain comfortable with the long term promise CDNL this will could just be a temporary PPS blip on the road to better things.
If you are not comfortable and feel its heading down a different path then get out, its that simple.
Twitter i feel is abused and all this hassling a CEO whilst he is trying to get the company sorted is both selfish and counterproductive to positive sentiment. KJ is just a little too accommodating of all the questions and people take advantage of this.
Now we are all aware a time frame has been set for the releasing of the much anticipated financials. Lets get them released , reevaluate with current and up to date information and lets see exactly where we are instead of all this unsubstantiated speculation.
GL
Lets all agree to disagree, its kinda boring watching the verbal tennis its a no win situation . What is happening here is nothing unusual in OTC land despite what is implied. I see this kind of trading all the time in the pennies especially when volumes are light and news is awaited, easy to play with stocks that do not take much skin to move because everyone is waiting for the next move.
over 500 million shares of CDNL outhere so plenty holding tough,
less than 1% traded today
if someone sells someone buys
With Level 2 its easy to see the manipulation , both ways
Some people will sell if they get bored and see something else to trade, want/need the cash.
CDNL is now oversold (and a bounce on a positive is likely)
Spread was 10% today most of the time , not a realistic market but possible due to lack of buying pressure, which if a positive is seen will return
The tweets have exasperated the PPS decline as people have a heads up on time frame and likely release times.People then not wanting to hit the ask because they see no immediate need and the MM will find them.
I remain confident that when the financials are released and if the milestones continue to be met i will regret not having the $ to buy more at this time.
Time will tell, and we are hopefully closing in on the next step.
GL
Now its obvious to me that
Well said, i believe that the tweets are a double edged sword for sure and certainly play a part in the PPS action as flippers/MMs have a heads up on the forward plan/timeframe.
Nothing beats an out of blue wham bam news release/filing for kicking that PPS in to green.
GL