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Putting aside this endless debate about 8Ks and other financials, and where Kevin Jones is and what he's doing and twitter this and twitter that:
does anyone here have any knowledge or proof that even one single portable RedBird system has been delivered and is now providing the 50,000 gallons of clean water per day for some very needy town or village anywhere in the world?
This is why we all invested in this company isn't it? A worthy cause and as investors to make some money. Not criticizing, just asking.
grantastic: it's not that complicated...all of the employees haven't left the country. I've contacted the Pittsburgh Gazette...gave the news editor's department CDNL's phone and address and the same website any of us can find. Certainly a reporter lookng into it can't do any harm. DD is always an honest, worthy endeavor Right?
Ok HockeyNut, IK'm offering a simple, realistic idea to quell all the fog and smoke and speculation here.
Here's an idea. Let's find someone in Pittsburth to go to CDNL office and see who's there, see what's going on with the "audit" and what the employees do everyday...is that too difficult?
I am not a big fan of how CDNL is handling its fiduciary responsibilities, nor of KJ's communcating through vague Tweets, but I do know they received the 1.1mil, having spoken to the attorney for First American Bank a while back: a settlement was reached and that debt was paid in full. Without the chinese money, they would not have been able to finance that debt.
First I contacted tghe FAB lawyers to ask if CDNL had paid. NO, not a dime. The she told me they were going back to court this week. Once I get the info I willo contact Kevin directly. BTW I have exchanged phone calls and emails with KJ over the last several months regarding late 8k's, late 10k's. asked about monies received for services rendered etc. I know how to reach him amigo, no worries.
No ICANslim...I'm riding my investment in hopes it all works out. But I have no allusions it won't be a bujmpy ride.
Rainmaker? Shame on you! Attorneys and Judges are not debt collectors. Don't manipulate words. This isn't Wheel of Fortune.
Skiz...stickies for actions...what does that mean?
th....Call or email the lawyer if you want details. Do your own work.
Skiz...your ignorance is monumental. This and any other investor board is for sharing ALL information; not just the Candyland scenario you wish to hear.
When I call FAB's attorney, after the court hearing I will be happy to share with this board the outcome. Actions speak louder that words. If they make a payment schedule arrangement so they don't have to pay the full $280k at once great for us all. If they've pissed off the judge as alluded to by Weathervane, and are forced to pay it all off or an additional penalty...then that 1st 1.116 of Chinese money gets a huge hole blown into it.
Public or private...doesn't matter KJ, BJ and all the other CDNL execs are n amed in the suit. Will FAB take the money? Or will they continue to try and weasel their way out of it? Who knows? WQeaselling has been the path they've chosen so far. Otherwise they would have contacted FAB's lawyers and offered a payment schedule. As of right now they have not. Just follow the bouncing ball and let's see where it lands.
State court...Judge Schwab...same judge who has overseen this case form the beginning. And for those of you who say so what they have money now 280 grand is a big chunk out of 1.116 million. So buying back shares to increase share value...very dilutive at the present time.
KJ ET.AL. borrowed $250,000 from FAB as a loan. to be paid back with interest by a date certain. CDNL defaulted on the loan, so it went to court. Now the amount increased to $280,000 for interest unpaid and legal fees. The case was dismissed when a settlement was reached. However CDNL did not meet any of the deadlines for repayment, so back to court it went. Rather than make good on the loan, CDNL seemed to rather pay lawyers to get out of it. And this is where things stand now. While I too am an investor, it troubles me that they chose to avoid paying a legitimate debt. I simply wished to share this with the rest of you. It goes to the character and honesty of the people we are investing our hard earned money in. That's all.
I brought this issue up weeks ago and everyone here pooh poohed it. I hold a large stake in CDNL, but still do my DD. Don't believe me...the attorney's phone is 412 497 1009. Her email is YYang@ DuaneMorris.com. The will be back in court this week. in front of a Judge Schwab. DO with this what you will. Maybe yo should change yor handle to BURNT AGAIN.
Hey Burnt...bet me a $1000 I'm wrong. put your money where your mouth is. Y'all can stick your heads in the sand and pretend this isn't true. I just gave the proof. Call'em and find out for yourself. They too are in Pittsburgh.
Listen toxic...you know nothing of this...despite a claimed settlement. CDNL never paid a dime. The case goes once again before Judge Schwab in Appellate Court. If you don't beleive me, call FAB's attorneys....They are Duane Morris. The representing lawyer is YuanYou Yang. I spoke to her a few times already...they are back in court again this week.
Camel could you please ask KJ if they plan on paying the $280,000 they owe First American Bank. I've spoken to FAB's lawyer ...that case is still unresolved and going back to court again this week. Thanks.
Coorrect....but if you lok further...THEY NEVER PAID. instead they continued court room shenanigan s through their lawyers. Obtain all the facts amigo.
copterdoc, perhaps I do have you mixed up with someone else, however this issue first came to my attention here on the board and as a follow up, I Googled First America Bank v Cardinal Resources.
I'm not shorting, I hold my position but I believe in folks having ALL the information about a publicly traded company.
The case is right there www.Leagle.com First America Bank v Cardinal Resources. All CDNL exec's are named defendants. A settlement was reached, ordered by the judge, but CDNL never paid. Facts are facts. There's more than enough Rah-rah happening on this board. Investing is serious business, so if people want to make educated decisions about who and what they are dealing with...this is my contribution to round out the entire picture here. Like it or not....who cares.
To date a judge ordered a settlement, CDNL never paid. Not a single thin dime. This is just info sharing with people here on the board. Take it how you wil, but let's not bury the facts in some Candyland denial. It is what it is.
I went directly to the source, Rainmaker. go to www.Leagle.com and enter First America Bank V. Cardinal Resources. You will get the entire history of the loan, named defendents, including Mr Jones and all the court's decisions.
Rainmaker, copterdoc issued the public court documents of the case. What transpired are facts decided not once but several times by a judge in court. This isn't my opinion or perspective....just facts. I suggest you scroll down and read copterdoc's posting taken from the court website and decide for yourself.
I agree on the math, RainMaker. What I question is the honesty and integrity of people who borrow money from a bank, make every effort to not pay it back by playing games in court. Not cool.
If you have any information regarding the $280,000 loan CDNL owes, please share. Once money is in CDNL accounts, they will have to pay the loan, or get sued...again. Since all they're currently receiving ( if that's in their bank now) is 1/3 of $3.75 million,. that certainly would put a dent in a buyback shares plan, funding for producing back log and new orders etc. Not good for business or shareholders.
what does oh good lord ***eom mean?
What about the $280,000 they owe to FAB( First America Bank)? Surely that definitive and final court judgement against CDNL has to be paid. If so, isn't that dilutive, if only temporarily? They took the loan note and then made every attempt to weasel out of repaying it. I believe copterdoc posted that info a few weeks ago. Any thoughts? IMHO that doesn't speak well for CDNL management. Think about it: this speaks volumes about a management that would rather pay lawyers to not repay a legitimate loan than make honest arrangements to just pay what they owe. That's just wrong.
Been more than a month since the EXTENDED closing of the Chinese deal. No word of any sales, no word of first tranche money. Systems going in worldwide, yet no news release about CDNL getting paid. How long before the lawyer vultures step in and organize a class action suit? How many of you shall continue to make excuses for when this is all going to fall into place? I hope you all don't get financially hurt by what is obviously NOT a good investment.
'llhabela': investing a lage portion of your portfolio in a penny stock is a very dangerous action. Ask any professional broker, inverstor, financiar, heck even a Wall Street executive of publicly traded corporation. Diversification is the key to financial success.
Also, I'd like to say: your announcements about when 8Ks and 10ks and the "Turnaround Story posting. is pure speculation. Unless you have facts, please don't mislead others. Wishful thinkiong is no substitue for cold, hard facts in business. Ask those who invested with Bernie Madoff and are now poor because of it.
Kevin Jones? Who cares if he's on a plane???!!! There are other people working at Cardinal Resources. Jeez! You guys live and die by tweets from a CEO of a publicly traded corporation. I'm sure others can prepare a 10K without waiting for the big chief to get off a plane...FAQ's, cell phones, bank wires...it's 2016. We don't have to wait for the Horse-drawn mail delivery anymore. Look at the S&P 500, the Dow 30 and the Nasdaq. Ask yourselves how many of those CEO's are tweeting investors. This has been and continues to be one very long drawn out farce.
So I ask again TwoSecure... where is one penny of 39.6 million dollars with "Sovereign Guarantees" How long have these contracts been in existence? Again...mandated banks by other governments. EXIM transactions...Chinese banks and their slow response transactions...
And if that is truly guaranteed, why give the keys to the candy store away for a measely $7.5 Million.? C'mon man, piecemeal information that doesn't add up to on paper money or in the bank income statements has no genuine meaning. The definition of insanity is doing the same thing over and over again and expecting a different outcome.
Is Mr. Jones et. al inhibited for some reason from pursuing the 41 states in America whose drinking water is not safe?
How about this...write CEO Jones and ask him to make a short video displaying the RED BIrd in action: purifying water for the camera and then posting it as a live action video....then we can all see, not still photos or remote village people smiling, but the actual product doing everything it is represented to do.
Here's a good idea: if the tranche transfer is so painstakingly slow, and CDNL can begin to collect multiple services/installation fees from AZ, Cameroon, Panama and China, why not set a deadline whereby the tranche money is either delivered or the JV deal is off. Have never been all that comfortable giving 51% of the company to a Chinese government controlled entity.
Just read the article that besides Flint, Michigan, only 9 states right here in the good 'ole USA can claim safe water. No waiting for foreign bank mandates, no waiting for Exim Banks, no waiting for an undervalued $7.5 million dollar deal. And most of all, no waiting for a reasonable stock appreciation through an endless red tape struggle in order to pay off huge, old company debts. Make America work for us Mr. Jones and let the rest of the world plod along in it's typical, inefficient Third World mentality. America is the richest country on the planet because we don't wait around to make things happen. Tap into that, Mr Jones and the floodgates of prosperity will open....pun intended.
Thanks Jeans..to be open I have 220,000 cost average 0.009. NOT investing another penny until results come in.
Thanks...just trying to get a sense of cost averages of folks here on this board.
Curious: since I'm new to this board: do most of you own shares at around 0.01 PPS...and millions of shares?
Terms of a transaction, even if it's simply services are always reflected as income. Especially a publicly traded company. August was seven months ago. Surly that income would need to be filed and reported. And available for all to view.
Oh oh, Here's the Darth Vadar of the board: can anyone enlighten me where I might find the dollar numbers for the "ongoing, revenue generating services contract in Wickenburg, AZ? How long has this contract been getting serviced and why is there no monetary information to it in the cash flow, balance sheet or any press/news release. Maybe I'm blind...or blonde.
Thanks SmartTrader10; best catch up history I've ever read on a message board. Do you have a sense what the RS ratio might be? Standard I've seen is 1-100. And would this take place once the second tranche occurs. Thanks again.
No, I'm not out. Nor was I one of those who sold today. Not a Flipper...Not a Basher. Not a CHEERLEADER. I'm a serious investor I raise important issues about information we all need. Due diligence, friends is the key to wealth.