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I like the ozzz person posting here. At least he is positive on his investment. CAPITALS and all.
'copterdoc', great amount of shares owned. Welcome to the million $$$ club. Wishing all of us longs the best here.
I would have but that's all the MM would fill today before it rose. My average is 1,100,000 shares @ $0058. I agree with your statement "This CEO is awesome". He knows what he is doing here. Have a good night ozzz.
'ozzz', I added 30,000 more shares today @ $0.0035. Currently own 1,100,000 shares here.
To all CDNL longs here. The best place to follow what is going on with this company is on Facebook. If your a Facebooker just type in Cardinal Resources Inc. under the "Search" box at the top of your FB page. Then after you retrieve their FB page hit the "Like" button and your good to go.
'ozzz', thanks, I will be anxious to see what you find out.
'jocba', thanks for posting the patent websites, much appreciated from a CDNL long.
'copterdoc', I was thinking the same as you. I have seen a lot of over one million $$$ trades pop up that was not even close to the bid and ask price at the time they would show up on the ticker.
'thclemensen', they have nothing here to bash. This is a great startup company and CEO.
'thclemensen', thanks for posting this, much appreciated here.
Lots of photos here of the "Red Bird".
http://www.aguasaludablegroup.com/index-en.html
'Ilhabela777 ', doubled my position today also.
A lot of shorting going on here. Refer below:
Historical Short Volume Data for CDNL
Date Close High Low Volume Short Volume % of Vol Shorted
Feb 04 0.005 0.005 0.004 27,486,481 7,626,713 27.75%
Feb 03 0.005 0.008 0.005 34,188,063 7,999,150 23.40%
Feb 02 0.008 0.009 0.006 27,102,830 12,501,733 46.13%
Feb 01 0.006 0.013 0.005 56,118,721 14,232,763 25.36%
Jan 29 0.01 0.017 0.009 19,830,924 5,289,318 26.67%
Jan 28 0.016 0.029 0.015 8,090,022 2,256,142 27.89%
Jan 27 0.03 0.041 0.026 3,706,226 577,482 15.58%
Jan 26 0.04 0.05 0.036 1,591,679 564,367 35.46%
Jan 25 0.051 0.054 0.048 496,108 204,117 41.14%
Jan 22 0.054 0.055 0.046 113,500 82,800 72.95%
Jan 21 0.049 0.053 0.046 456,952 279,362 61.14%
Jan 20 0.053 0.054 0.047 199,380 109,080 54.71%
Jan 19 0.052 0.056 0.046 777,508 91,700 11.79%
Jan 15 0.055 0.055 0.047 396,440 142,975 36.06%
Jan 14 0.051 0.053 0.046 197,191 145,101 73.58%
Jan 13 0.051 0.055 0.046 612,659 183,629 29.97%
Jan 12 0.054 0.056 0.05 365,078 91,670 25.11%
http://otcshortreport.com/index.php?index=cdnl&action=view
Makes me wonder who has been accumulating large amount of stock on the cheap this week. I saw a lot of million share trades this week.
Could this have been an orchestrated fall in share price for the 1st tranche financing?
After tonight's 8-K filing I'm glad I'm long this stock.
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., a water technology company based in Suzho, 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 $7,500,000 to be provided in two tranches.
The closing of the first tranche is conditioned upon satisfaction of standard and customary closing conditions. We may terminate the SPA if the first tranche transactions contemplated therein have not closed by January 25, 2016 unless Purchaser can show that it has made application for the requisite governmental permits and has otherwise used its best commercial efforts to close the first tranche financing by such date.
The Company has agreed to extend the closing date to February 15, 2016 based on documentation on the funds and that HSVW is using its best commercial efforts to close the first tranche financing.
The description of the SPA set forth above was filed as an attachment to the Company's 8K filed on December 16, 2015.
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Cardinal Resources, Inc.
Date: February 4, 2016
By: /s/ Kevin Jones
Kevin Jones
Chief Executive Officer
http://ir.cardinalres.com/all-sec-filings/content/0001445866-16-001577/cardinal8k02042016.htm
josemaria, I've seen some crazy things happen to stocks like this one. You just never know. It would be something if the company were buying back stock. Several rather large over one million share trades occurred today.
HUGE trade just occurred. Who bought? CDNL may have gotten the 1st tranche financing and may be secretly buying back it's own stock on the cheap. You never know. Company is really quiet here.
15:19:49 0.0067 7,649,671 NNOTC
'$hrimp2Whale$', you're welcome. All is coming together here. Have a great day.
'$Pistol Pete$', Agree, any day now. You have a great day.
Take note its new GMP facility.
Austrianova expands cell banking servicesRead more at: http://www.biospectrumasia.com/biospectrum/news/223221/austrianova-expands-cell-banking-services
Singapore: Singapore based Austrianova, having completed the set up of its new GMP facility, it is offering a GMP cell banking (Master Cell Bank and Working Cell Bank) as a "Fill and Finish" service for cell therapy products, in addition to its encapsulation services and technology. Austrianova is able to offer the production of Master Cell and Working Cell Banks (MCB and WCB) at the size scale required for early (phase 1 and 2) stage clinical trials using its isolator based production facility, assuring that the highest quality standards are adhered to. The company can also fill bulk cell product into syringes or vials in its GMP facility. This new cell banking and filling service is called GMP4Cells. MCB's and WCB's are required for all cell therapy products such as stem cell therapies as well as biologics produced from cells such as vaccines, antibodies, recombinant proteins etc. Similarly, many companies, including those developing stem cell lines and products, are seeking high quality economic fill and finish for relative small lots. "We see this as a natural add-on to our already established Cell-in-a-Box cell encapsulation technology for which we have recently set up a GMP manufacturing facility in Thailand. This kind of MCB and WCB production as well as "Fill and Finish" services for cells are, however, stand alone services. Although these services are generally available to all customers, they should allow start up companies and academic based cell products, vaccines etc to enter clinical trials in a quality assured manner but at lower cost that other, more conventional, cell banking companies offer," stated Mr Walter H Gunzburg, chairman and CTO, Austrianova. "In addition to our state of the art facility, Austrianova offers services that comply with major international regulatory agencies using a customized German/Swiss based quality assurance system. Our team has many years experience with regulatory agencies around the world and has taken cell therapies into clinical trials," said Mr Brian Salmons, CEO, Austrinova. - See more at: http://www.biospectrumasia.com/biospectrum/news/223221/austrianova-expands-cell-banking-services#sthash.XsCmOKdi.dpufRead more at: http://www.biospectrumasia.com/biospectrum/news/223221/austrianova-expands-cell-banking-services
http://www.biospectrumasia.com/biospectrum/news/223221/austrianova-expands-cell-banking-services
'camelsaremything', if it goes to $0.005 I'm going to add to my position also. No reason for this to be down that I can see.
'Keystone73', sounds like a great plan. If it goes lower I may purchase more. Will have to see how it trades. You have a great rest of weekend.
Company Overview
HangZhou Sky Valley Water Technology Co., Ltd. markets and distributes Cardinal Resources' water treatment technologies. The company is based in HangZhou, China.
http://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=319674523
Cardinal Resources Inc (OTCMKTS:CDNL) in Free Fall Mode
by Borislav Tonev
January 29, 2016
If you just take a closer look at the chart on the right, you'd be forgiven for thinking that Cardinal Resources Inc (OTCMKTS:CDNL, CDNL message board) has gone through a second paid pump campaign. As you probably know, at the beginning of last year, the stock shot up thanks to the distribution of a colorful paper mailer. As soon as the brochures went in the trash can, however, CDNL plummeted down.
We've seen a pretty similar pattern over the last few months. In November, the ticker woke up all of a sudden and it skyrocketed from less than a penny all the way to more than $0.05. Sadly, right now, it's sinking fast and hard. During the last four sessions alone, CDNL managed to drop from $0.054 all the way to yesterday's close of less than $0.017. The only difference between CDNL now and CDNL twelve months ago is that there's no pump at the moment.
The initial surge was thanks to news about some contracts and the stock was later supported by a securities purchase agreement with Hangzhou Sky Valley Water Technology Co., Ltd. As for the crash from the last few days, it's due to the latest 10-Q.
After a significant delay, CDNL finally managed to put the Q3 of 2015 report together and it came out about an hour after the end of last Friday's trading session. The figures look like this:
cash: $25 thousand
current assets: $316 thousand
current liabilities: $3.3 million
quarterly revenues: $60 thousand
quarterly net loss: $851 thousand
The financial situation is far from rosy, but it only tells half the story.
The really big problem lies with the convertible debt and the dilution it has caused. During the first three quarters of last year, CDNL printed more than 29 million shares at an average rate of just over $0.01 a pop in order to satisfy some notes, and after the end of Q3, the company converted some more debt with the issuance of a whopping 80.2 million shares at an undisclosed rate.
Although the stock is crashing hard, some investors don't appear to be too bothered about this. They reckon that the toxic debt will soon be over and that the securities purchase agreement with CDNL's Chinese partners will free the stock from its chains.
They're not too willing to wait for conclusive proof of this, and they're actually saying that accumulating more shares is the wisest thing to do right now. Whether they're right or not is for time to tell.
https://www.hotstocked.com/article/92672/cardinal-resources-inc-otcmkts-cdnl-in-free-fall.html
'Keystone73', I saw several million share trades go by today.
15:18:46 0.0127 2,850,329
and this one in the after market
16:07:37 0.0123 2,776,200
'Keystone73', end of the month window dressing happened today. I loaded up 297,800 shares under $0.01. You are correct "CDNL won't disappoint".
Thanks 'Peacefulwendy' for your informative post. You have a great day.
Austrianova-rolls-out-cell-banking-and-fill-finish-services
January 27, 2016
http://www.in-pharmatechnologist.com/Drug-Delivery/Austrianova-rolls-out-cell-banking-and-fill-finish-services?utm_source=copyright&utm_medium=OnSite&utm_campaign=copyright
'1vman', the financials are all done and revised as of tonight. See filings that are out.
Me to, Pete. Have a great weekend.
$Pistol Pete$, great news this evening.
'cents2ks', Happy New Year to you. I added yesterday as well.
'$Pistol Pete$', I added 7,000 more shares myself today as low as $0.04. 337,000 total shares owned here.
The filing that came out today was non-event for me. Misstatements happen all the time especially with start-ups.
All those high class doctors PMCB has on board would not be here if this was a scam as some are stating on the boards. Lot of great things will happen here in 2016.
Wishing you have a great New Year Pete.
'rcstock', one more half a day trading session tomorrow left for tax loss selling. 2016 will be great for PMCB.
Me to, grabbed some at $.315 and some at $.30.
What happened to "Blue" that posted a lot here?
Garbage can sometime turn to treasure.
Merry Christmas to you JCX.
Thanks Peter for posting this for persons that do not know about this service from PMCB'S IR department. I get the press release emails from them.
Thanks Peter for posting.