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Mine to, 'ozzz'.
Great, "DeafTrader2", if it does I will load the boat. Ah, I see now.
'ozzz', I tried to snag more @ $0.0031 this am and no fill. Will try tomorrow.
GLTY and all here.
'ozzz', I must be addicted to this stock or crazy but I purchased 100,000 more shares @ $0.0036 this morning.
GLTY and the other longs here.
'GoodyTrader71', yep, this board is full of investors and not day traders.
As a long term investor it's great to see.
GLTY and everyone here.
'SmartTrader10', we have the best message board on IH in my opinion. It great to see all your knowledgeable input along with all the others here.
Everyone gets along and helps each other out here.
Exactly, 'camelsaremything', we want the company to buy as many shares as they can before the RS. Good for all.
I'm thinking the RS price will be based on the amount of shares outstanding after the company's share repurchase program with the first tranche.
The more shares the company can buy down here the better for all. It will vastly reduce the share outstanding to have to then RS.
Wishing everyone a great day here.
Thank you 'SmartTrader10' for your most informative post. Much appreciated here.
I copied your post and emailed it to myself.
I'm stlll long and strong CDNL.
You have a great day
With that 4,675,128 share trade @ 14:10:23 @ $0,065 AvePrice. Could this be CDNL buying back shares?
Agree, 'Ilhabela777 ', If a person needs to sell that many shares they need to do it in smaller increments. 250,000 shares a time and spaced out, not all at once.
GLTA and to you.
'ozzz', I'm not selling any until it reaches $0.05. At that time I'm only planning on selling around 300,000 shares, which would cover my initial investment. I will keep all the rest for a long time as those shares will be on the houses money.
GLTA and you 'ozzz'.
CDNL looking good and holding up well today.
Thank you 'ozzz' for the support and keeping us straight on the board here.
Great, thanks, 'SmartTrader10'.
GLYA all here.
8K out.
Item 1.01 Entry into a Material Definitive Agreement.
The information provided in Item 3.02 is hereby incorporated by reference.
Item 3.02 Unregistered Sales of Equity Securities.
On December 10, 2015, Cardinal Resources, Inc. (the "Company," "we" or "us") entered into a Securities Purchase Agreement (the "SPA") with Hangzhou Sky Valley Water Technology Co., Ltd., (HSVW) a water technology company based in Suzhou, China, Jiangsu province (the "Purchaser"). The SPA provides for the issuance of shares of common stock, $.001 par value per share, equal to up to 51% of our issued and outstanding shares of common stock as of the closing of the transaction in consideration of aggregate gross proceeds of $7,500,000 to be provided in two tranches.
The description of the SPA set forth above was filed as an attachment to the Company's 8K filed on December 16, 2015. There have been no changes in the terms of the SPA. The closing had been extended to March 11, 2016.
The Company has determined that the necessary actions and steps have been taken by HSVW with the China State Administration of Foreign Exchange (SAFE) and final arrangements for the transfer of the first tranche of $3.75 million USD are underway. The formal close will occur once the funds are verified in the Company's commercial account in the coming days and the stock will then be transferred to HSVW in accordance with the SPA. With the closing development of the Joint Venture agreement and other tranche 2 milestones are commencing. Tranche 2 will close after a number of milestones outlined in the SPA are completed. Closing for tranche 2 is performance based.
HSVW is also continuing to fund the services agreement with the Cardinal Resources. The work and payments on this contract are paid in advance cash transactions that do not directly impact the SPA and do not involve the IP or stock of the Company. The assembly of the first HSVW system (produced in the USA) will be completed, and HSVW has verbally placed the order for the follow on system to be produced in the USA.
http://ir.cardinalres.com/all-sec-filings/content/0001445866-16-001697/cardinal8k03112016.htm
'ozzz', Agree, I think.
GREAT 'ozzz', pleased to see you here and buying. We need your optimism around here at times.
Great, 'LilJimmyKirk', pleased to see I'm not the only one adding here.
I have a buy order in for $0.0025 but I hope it does not fill. Isn't that terrible thinking. At this point I'd rather see it rise some.
It's been in the red daily for way to long.
You're welcome, 'joepep7'.
'joepep7', at the moment it's only frustration. We have to vent sometimes here to relieve the pressure.
'Ilhabela777 ', I bought @ $0.0028 & $0.0027. I know, I can't believe it either.
I have another buy order in for $0.0025, hoping it does not fill.
'joepep7', have you seen the stock price? Also no 8K to be found anywhere.
Where is 'ozzz'? We need him about now.
'josemaria', I agree with your post. Also I hate to say this because I'm long the stock and thought this company was going to be a great start-up to be invested in, but until we get a real 8K filed this will continue to drift lower. Bummer I know.
'$Pistol Pete$', this will be the year for PMCB.
Did you see what happened to GWPH this am. This will be PMCB some day.
You have a great day
Me to 'SevenMonkey'. I read it as the "funds will be verified in the Company’s commercial account in the coming days".
8K will be out tomorrow, deal is done.
'Burnt before', it's going to be interesting on Monday indeed.
I personally do not believe that a person would post on Twitter and Facebook promising an 8K and not do it by Monday. That would just be insane and asking for major trouble.
There has to be more to all this than we know. Maybe buying time to actually close a deal before the weekend ends, who knows. I'm just speculating here.
I personally have never seen anything like this in all my years of investing and I've seen a lot of crazy things happen in the past, good and bad. I've had some very bad stinkers in the past and I'm hoping I will not have to add this one to my "stinker list".
All we can do now is wait this out and see what materializes on Monday. It's going to get interesting indeed.
GL to all here.
Thanks 'GoodyTrader71', hopefully we will hear something before the market open on Monday. If we do not the stock will be hit hard at the open of trading.
We might be able to buy a lot of shares way cheaper than it is now.
Thanks 'ozzz' for the positive post, as we need it once in a while.
We may be buying cheaper here if there is no news or updates before the market open on Monday as the stock will take a beating, especially after Mr. Jones tweeted all day Friday that there would be an 8K coming.
You have a great weekend and keep your fingers crossed.
'newbietrader10' I've owned CDNL since 1/29/2016 and have not sold a share. I've been adding almost daily ever since, including today. I'm sure Scottrade is liking me about now with all the buy trades and the commissions they receive.
I know you have been a fan here from the get-go also and I fully understand that you have to sell sometime due to personal reasons.
I hope we all can celebrate soon, time will tell.
You enjoy your weekend as well.
'newbietrader10', it's great to hear from you and all on this board, and the investor opinions posted. The company may be buying time for some apparent reason we do not know about.
If we do not hear anything by tonight, I myself will start to worry. We will see as this is telling time right now. Hopefully the news will be great.
We will soon see if you or 'ozzz' has been right all along.
GL to you and all on this board.
'ozzz', is going deep in the $$$.
'ozzz', already did this am.
I fully agree 'DeafTrader2' that's why we need a press release ether way by the close of Friday's market.
'Burnt before', well thought out post. Tomorrow will be telling and a nail biting day. I would think that if the deal is delayed Mr. Jones would press release it before the market open to let his shareholders know what is happening or not happening.
I myself would rather know upfront tomorrow than wait through a weekend to find out next week if the deal closes or not. If Mr. Jones needs more time to close the deal that is OK with me as a shareholder as long as there is a timely press release before the market close on Friday.
GL to you and everyone on this board.
So quiet on the board today. Everyone is patiently waiting for the Chinese financing news to come out, including me.
Wishing everyone on this board a great day.
You're welcome, 'Ilhabela777 '.
Cardinal Resources General Update March 9, 2016
Thank you for your interest in Cardinal Resources Inc. (CDNL). As we move forward we are providing updates on general information to go along with the required filings for Material Events, financials, and press releases. While not a substitute for those filings, we are working to provide more information on our services, systems, projects, and opportunities.
This update covers some of our activities outside of our dealings in China. It can be found in our In the News Section (Media Center) or by using the following link:
http://content.stockpr.com/cardinalres/db/3/4202/file/Update+2.pdf
Thank you again.
Cardinal Resources Inc. | 201 Penn Center Suite 400 | Pittsburgh, PA 15235 US http://www.cardinalres.com/
To change your subscription preferences, please click here
http://content.stockpr.com/cardinalres/db/3/4202/file/Update+2.pdf
'Ilhabela777 ', thanks for doing this. Doing what you just did may help get the word out on CDNL.