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'Ilhabela777 ', I fully agree with your post. Some here get irritated about hearing the persons posting about buying this stock. I added more shares to my position today also.
GLTY and the other longs on this board.
Cardinal Resources Inc. Quick China Update – March 9, 2016
The expansion of the business towards China has been dominating the conversation around Cardinal
Resources as it is an important step for the company. Questions generally fall into three broad
categories of Sales, the Stock Purchase Agreement including the transfer of funds process, and
protection of Intellectual Property. Please also refer to the 8K filings, and updates that have been
provided separately.
Sales: Separate from the Stock Purchase Agreement, CDNL has been providing services in China and the
first system for HSVW is nearing completion. These sales have generated payments to the company and
recognized revenue approaching $200,000 in 2016. While one part of these services will end when the
SPA closes, we are looking to expand into more environmental remediation and engineering services in
China and Southeast Asia.
Hangzhou Sky Valley Water Technology Co., Ltd. (HSVW) Stock Purchase Agreement Status: All that
remains for the closing of the SPA is the transfer of funds. As we have documented the transfer has
cleared two regulatory hurdles but is still working through the approval process through China’s SAFE
(State Agency for Foreign Exchange) process. As has been extensively reported in the media, this
process is moving slowly for all companies due to concerns with the flight of capital from China. While
the SPA is not closed until the funds are transferred, we continue to strongly believe that the transfer of
funds is a matter of when, not if. Currently we are projecting a close by March 11th and we have no
information to change that projection based on recent meetings.
Even with the first two approvals in hand, HSVW and CDNL are continuing to work closely together to
finalize the closing of the Stock Purchase Agreement signed on December 16, 2015. While no terms
have changed in the agreement we have extended the closing based on the documentation we have
received. Please refer to the 8K filings relative to the SPA for further details.
Intellectual Property: The protection of CDNLs existing IP and development of new IP has been a point
of discussion throughout the negotiation process and will continue to be an emphasis between HSVW
and CDNL. As the potential venture is structured, both HSVW and CDNL have a strongly vested interest
in maintaining the market edge we can gain through IP protection. Some but not all of the steps we are
taking together include:
• Specific budgets for providing additional protection
• Retaining manufacturing of key patented and proprietary components in the US
• Use of verification tracers; part of our Trust but Verify program
• Budgeting expanded Research and Development of new patentable technology
Forward-Looking Statements
Certain statements in this presentation constitute forward-looking statements for purposes of the safe harbor
provisions under The Private Securities Litigation Reform Act of 1995. We have based these forward-looking
statements largely on our current expectations and projections about future events and financial trends that we
believe may affect our financial condition, results of operations, business strategy and financial needs but they
involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking
statements, such as business and political conditions in the geographic areas in which we sell our products,
weather and natural disasters, changing interpretations of generally accepted accounting principles; outcomes of
government reviews; inquiries and investigations and related litigation; continued compliance with government
regulations; legislation or regulatory environments, requirements or changes adversely affecting the businesses in
which we are engaged.
The information set forth herein should be read in light of such risks. You are urged to consider these factors
carefully in evaluating the forward-looking statements herein and are cautioned not to place undue reliance on
such forward-looking statements, which are qualified in their entirety by this cautionary statement. The forwardlooking
statements made herein speak only as of the date of this presentation and the Company undertakes no
duty to update any forward-looking statement to conform the statement to actual results or changes in the
Company¹s expectations.
http://content.stockpr.com/cardinalres/db/3/4201/file/Quick+China+Update.pdf
Me to, 'ozzz'. You have a great day.
'ozzz', all longs here are patiently waiting for the much needed news.
'Lapbid', great. GLTY and the longs here.
'twosecure', you're most welcome. Thanks for making my post clearer for all to see here.
GLTY also.
Have a good night.
Valuable info in the link below from Twitter this evening.
https://twitter.com/krjcardinal/status/707357519132413952
Kevin Jones - CDNL ?@krjcardinal 2h2 hours ago
@Steal_Wheat34 @krjcardinal focused on closing & also putting together docs on progress to share. Mtg with Invest Banker on deal update 2
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Mistery Man ?@crtaylor81 2h2 hours ago
@krjcardinal @Steal_Wheat34 which deal are u referring to the SPA w/HSVW? If so I thought you were just waiting for the $ to be transferred?
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Kevin Jones - CDNL
?@krjcardinal
@crtaylor81 @Steal_Wheat34 Correct, all that is left is pushing transfer through SAFE. IB mtg just to facilitate and keep pushing
4:09 PM - 8 Mar 2016
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Mistery Man ?@crtaylor81 2h2 hours ago
@krjcardinal @Steal_Wheat34 ok thx for the quick response. Its just odd the dilutors ran this so low from .6 to 003 so quick and aggressive
'randy218', I see it, cool. I bought almost the same amount as you.
'Ilhabela777 ', I purchased more this am as well. Had to hit the ASK to get them though. Not many sellers today. GLTY and all that are long here.
'Lapbid'. it's not you. The website is experiencing slow response time. See note below that the website posted above in red.
We're aware of the errors and slow response times. Working on it.
GLTY to you 'twosecure' also. Wishing you a great day.
'twosecure'. thank you for posting the link to Kevin Jones - CDNL Twitter message. Much appreciated here.
I myself have great belief in this company. Call me foolish but that's what my intuition is telling me. We will if my intuition is correct this coming week.
You have a good evening.
'DeafTrader2', Refer below.
http://redbirdsystems.info/2016/02/25/update-on-hsvw-approval-process/
'likethesun', I can agree with your post, that's why we need to be "ozzzified" once in a while.
Agree, 'MakeaFuss'
Whew, 'ozzz', I was worried that you sold and moved on. Pleased to see you here, CAPITALS and all as you help morale here more than you may think. I was beginning to think I was the only long here.
I did catch a few shares today @ $0.0030.
The board has been pretty depressing today. You have a great weekend.
'twosecure', great article. Thanks for posting it here.
'copterdoc',
'Ilhabela777 ', GL to you also. I still own all my shares here. I have not sold or flipped a single share here.
'jocba', this is not the CEO doing all this selling. I'm thinking it's a short attack from someone or hedge fund. Who knows.
'thclemensen', me to. Just cannot understand this daily slowly beating the share price down. It's starting to get on my nerbies.
'thclemensen', the downward trend does seem like it will never end lately. I just cannot figure who is driving this down daily.
'newbietrader10', I want to personally thank you for your honesty and input here on this board. Not many would admit that they sold. This is one of the best message boards in the Pinks and BB world I have ever seen.
I can't explain why I feel that CDNL will be a great start-up to be in on the ground floor. Just my intuition or gut feeling, I guess.
Wishing all here, including me, great success with this stock. Time will surely tell if this will be a great investment.
'ozzz', I picked more shares up today @ $0.0033 and $0.0035. Averaging down slowly here.
Need Red Birds here.
Plan to pipe Great Lakes water draws fire
http://www.duluthnewstribune.com/news/politics/3958035-plan-pipe-great-lakes-water-draws-fire
'crookedneck', well stated post. Mr. Jones did prove himself this week that he is looking out for his shareholders, which is great and as a shareholder I thank him for that. I loaded up a lot of shares this week. GL to all the CDNL longs here. We will have a winner here in due time, be patient.
No trades for an hour, unusual for this stock. Is the ticker stuck?
Thanks 'Tendrils', much appreciated here.
'crookedneck', I added more myself yesterday and this morning. GL to all CDNL longs here.
Agree, this CEO is great in communicating with his shareholders. Almost unheard of these days with companies that trade on the Bulletin Board and Pink Sheet exchanges. We have a great company to invest in here. Wishing all well here.
'ozzz', agree with your post. I'm thinking if a person is long term investor here he/she will make some serious $$$. You have a great evening.
Same here 'ozzz'. I added 619,861 shares @ $0.0033 and $0.0034 to my existing position a few seconds before it went up when the tweet came out about the press release the company was going to issue today.
I agree with your post 'newbietrader10'.
Wow 'newbietrader10', thanks for your great post and sharing your conversation with Mr. Jones with all on this board, so much appreciated here.
I have always felt good about this CEO. Time will tell. Thanks again.
'CT_StockMouse', Yep, is this John M Fife good or bad?
Just released an SEC SCHEDULE 13G Cardinal Resources, Inc.
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Typenex Co-Investment, LLC
20-0495695
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
21,575,170*
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.99*%
FOOTNOTES
* Reporting person Typenex Co-Investment, LLC ("Typenex") has rights, under a Convertible Promissory Note and Warrant, to own an aggregate number of shares of the Issuer’s common stock which, except for a contractual cap on the amount of outstanding shares of the Issuer’s common stock that Typenex may own, would exceed such a cap. Typenex’s ownership cap is 9.99%. Thus, the number of shares of the Issuer’s common stock beneficially owned by Typenex as of the date of this filing was 21,575,170 shares, which is 9.99% of the 215,967,675 shares that were outstanding on that date (as reported in the Issuer’s Form 10-Q filed on January 22, 2016).
http://ir.cardinalres.com/all-sec-filings/content/0001140361-16-054269/doc1.htm
'ozzz', TO THE MOON!
You're welcome, 'thclemensen'.
Update February 18, 2016: Cardinal Resources Equity Financing with Chinese Firm
Hangzou China/Pittsburgh PA – February 18, 2016 – Cardinal Resources Inc. (OTC Pink: CDNL), a global producer of patented, solar powered, community-scale drinking water systems, and China-based Hangzhou Sky Valley Water Technology Co., Ltd. (“HSVW”) are working closely together to finalize the closing of the Stock Purchase Agreement signed on December 16, 2015. No terms have changed in the agreement and the Company has received documentation on the status of the funds, the commitment of the funds and the Department of Commerce approval of the transaction. As has been widely reported in the US national media, such as the New York Times on February 14th the transfer of funds above certain limits is taking more time to occur than it has in the past. All parties remain strongly committed to the transaction and closing as soon as possible.
On December 16, 2015, Cardinal Resources announced it had signed a definitive Stock Purchase Agreement with HSVW and an extension to the closing until February 15, 2016 was announced on February 4, 2016.
About Hangzhou Sky Valley Water Technology Co., Ltd.
Hangzhou Sky Valley Water Technology Co., Ltd. is comprised of two majority, principal companies. The first has major equity interests in telecom, environment, alternative energy, high-tech new materials, industrial parks as well as port logistics, infrastructure and fund management. Its holding company is a Hong Kong “A-Shares” public company.
The second company operates a diversified portfolio of subsidiaries in real estate development, development and manufacturing of high-tech products; engineering design, construction and development of energy, transportation, telecommunication and other basic municipal infrastructures as well as active investments in banking, venture capital and private equity. It was approved by the Chinese Ministry of Foreign Economy and Trade and Ministry of Technology as an export base of high-tech products in a national high-tech industrial development zone. Its holding company is Shanghai Stock Exchange listed (SH-180 Index) and reported total assets of approximately US$3 billion.
About Cardinal Resources
Cardinal Resources brings a unique blend of experience, technology, and focus to projects worldwide and across the United States from its office in the Pittsburgh, Pennsylvania area. Its commitment to Clean Water, Clean Environment, Worldwide includes the patented Red Bird System, a solar-powered community-sized drinking water system, and innovative approaches to wastewater treatment and green infrastructure as well as a deep range of traditional environmental and engineering services. For more info, visit us at www.cardinalres.com.
Forward-Looking Statements
Certain statements in this presentation constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs but they involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, such as business and political conditions in the geographic areas in which we sell our products, weather and natural disasters, changing interpretations of generally accepted accounting principles; outcomes of government reviews; inquiries and investigations and related litigation; continued compliance with government regulations; legislation or regulatory environments, requirements or changes adversely affecting the businesses in which we are engaged.
The information set forth herein should be read in light of such risks. You are urged to consider these factors carefully in evaluating the forward-looking statements herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by this cautionary statement. The forward-looking statements made herein speak only as of the date of this presentation and the Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company¹s expectations.
Company Contact:
Kevin Jones, CEO
412-374-0989
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'thclemensen', thanks for keeping us longs informed here. I do not "tweet" but I do Facebook.