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twosecure..DO YOUR OWN DD !!!
If you look at the Form-4 that was actually filed, you would see what you referenced (second hand "facts") is pure BS !
https://www.sec.gov/Archives/edgar/data/1520668/000144586616002161/xslF345X03/form4.xml
Yes, he did buy a total of 627,794 shares. But that is the only thing correct in your "data"
Look at this:
305,494 shares x $0.0183 = ...$5,590.54
320,000 shares x $0.0149 =.....4,778.00
....2,300 shares x $0.0144 = .......32.12
______________................___________
627,794 shares.......................$10,39166
$10,391.66 / 627,794 = $0.0166 average cost per share
And as the Form-4 CLEARLY shows, that after the last purchase, KJ owned 42,702,538 shares, not the 42,380,538 as reported.
(When you read the purchase report, you read from the top down, by the date.)
Like I said, go to the original documents. Avoid 2nd hand "Data"
(Please excuse the extra dots. It was the only way I could get my figures to align properly)
Kevin has filed just 3 Form 4s
(not counting an amended one)
His total buys come to 951,694 shares. (not QUITE millions)
Someone has missed something.
https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001520668&type=4&dateb=&owner=include&count=40
Or do you have source of information we do not know about ??
THANK YOU VERY MUCH for the water.org link
I had never heard of it before nor about Matt Damon's interest in the world's water crisis.
I have added water.org to my Favorites CDNL folder and have signed up to receive their Newssletter.
Good work.
You will have to ask lowtrade about that
But I have been following him off and on for about 8 years and I would guess a lot higher than that. He is not a coin toss advocate.
As lowtrade has said many times
Charts do not predict, they project
.He has also said his charting is to reduce his risk factor.
Where do potential buyers look for info about the company ?
Yesterday I decided to leave the computer off and enjoy time with my wife and family and just enjoy myself.
One thing I did was take a 12-mile bike ride
On that ride I had a lots of time to think about this and came up with several answers.
I thought about what I did when I started investigating this compy
First, since it was an OTC stock I went to the OTC website.
.http://www.otcmarkets.com/stock/CDNL/profile
(see, a link !)
The site today is not too encouraging and needs a lot of updating
First thing that caught my eye was that YEILD sign warning me
this was OTC Pink Limited Information Not too good of a start.
Next..Latest Report Sep 30, 2015 10-Q
This told me the company has missed a 10-K and the 1Q '16 filings
Then this
Year of Inc. Not Available
Employees Not Available
Why not ??
Next was this
Company Officers/Contacts
Jonathan Hopp President, CEO
Hopp was the CEO of JH Designs Inc, the company KJ reverse merged with in March 2014 !!!!
Then Company Directors Not Available (why not? There is only 1... KJ)
Now if we go to the Stock Structure section..several things missing/out-dated
Authorized Shares Not Available
Outstanding Shares 215,967,675 a/o Jan 14, 2016 (Very good)
-Restricted Not Available
-Unrestricted Not Available (again, why not?
Float Not Available ( Same question, why not?)
Shareholders of Record 37 a/o Apr 13, 2012 ....That's 2-years before the R/M !!
As yo can see, if the company wants to favorably impress potential investor, CDNL has to update their OTC site information !
(Yes I know I am verbose and No, I have nothing better to do)
Next I think I will comment on the company web site. It's pretty good right now and my comments will be for changes I would like to see.
Sunday is a quite day. And right now I have to leave..Taking my wife and grandson out to celebrate his HS graduation.
Friday there was some confusion about how many new Form-4s were issued
I believe that could have been solved it the person making the announcements "Form-4 out" or "There; a second report out" had simply posted a link to these statements.
In fact, I wish anyone who posts "facts" or announcements would include a li nk...1) to keep readers having to spend time trying to find thesource of the statement and (2) to add creditability to the posts,
I am often skeptical about the validity of post with out a source specified.
If someone wants to get the new official SEC filings about CDNL, you can go the company website and sign up to receive these thru e-mail Alerts. This will also include press releases.
http://ir.cardinalres.com/email-alerts
(there, see how easy that was !)
You may get a little confused at first because the e-mails come from you !! or at least they did for me,
I suggest you give it a try as a very good step to keep your self informed.
VERY, VERY GOOD IDEA BP Trader !!!
Good, Bad, Indifferent, the 10-K is required
Unless the company filings are current, the company CAN NOT UP GRADE. There will be no future.
You are expecting a bad 10-K. So be it.
The 10-Q for 2016 Quarter 1 is also late.
I would release them together as soon as possible.
The 10-Q moderating the bad of the 10-K.
The information would now be current and the Red Yield Sign on the OTC site would be removed.
Potential investors would see improvements in the company's condition and remove a lot of doubts.
And there would be a short wait for the Quarter 2 10-Q (August 14th) which we all expect to be VERY GOOD.
Will please post link to the CFO hiring ?
I have lost that data in my haystack of notes and print outs.
I would appreciate it very much.
TIA
I do not believe there was $130K savings
According to KJ's update the original loan balance had been reduced.
"We have begun the process of reducing that debt. The traditional debt, which goes back to our pre-public company time, was in default. While we continued to make payments on the loan, the bank did file for a judgement against Cardinal Resources LLC and the guarantors of the loan. Because of the material nature of the legal filings, even though against the LLC, we will file an 8K on the payoff of the debt."
https://redbirdsystems.info/2016/05/17/new-sales-camwater-project-update-and-debt-reduction/
The 8-k states:
i) the Company has paid FAB the sum of $153,000 to settle the balance of the judgment amount together with accrued interest and fees;
https://www.sec.gov/Archives/edgar/data/1520668/000144586616002140/cardinal8k05172016.htm
IMO the company had paid down the loan by $130,000 and there was no savings to CDNL nor a loss to the FAB. Just a Settlement Agreement that benefited both parties.
Thanks to Craiglist
I was able to raise a little bit of cash and put in a small buy order just above the ask.
Hope I get it before the big rush today. But with the latest update and 8K I will have to be lucky.
I was wrong about Annual reports not audited
Spurred on by Rainmaker, I read the last 3 10-Ks and they are definitely audited.
This will greatly facilitate meeting the upgrade requirements to upgrade to the NASAQ.
Rainmaker..You are right..I am wrong ref 10-Ks
Recently I was involved with with another stock where the 10-K audit was optional.
After reading your post, I spent about an hour reading the llast 3 10-Ks and 10-Qs.
The Annuals were definitely audited.
The Quarterly were not.
I thank you for correcting my error.
Now about pending 10-K and 10-Q reports
The 2015 10-K was due 31 march (90 days after end of FY).
On that date the company filed a NT-10k NOTIFICATION OF LATE FILING
The late report "will be filed on or before the fifteenth calendar day following the prescribed due date"
That would have been April 15th. Here it is May 14th and no 10K as of yet.
The 2016 1st quarter report is due 45 days after the quarter's end. That would be May 15.
I do not expect to see it (perhaps a NT-10Q filing). But considering what has happened it the past I see that as unlikely.
What I would LIKE to see is a 8-K naming the new CFO and when we can expect to have the SEC report situation cleared up.
The last reports I read used unaudited reporting (even tho the CDNL OTC site says they are audited) so it should not take TOO MUCH TIME to get these reports filed. I do not want to see audited reports at this time because the audit would take FOREVER.
I think to upgrade to NASDAQ it requires an audit of the last two fiscal years. ( This is from memory and may not to be correct.)
I post my concerns after hours and weekends so as not to clutter up the bard during trading hours. There is enough of this already.
FYI... CDNL is my only stock at this time and I am basicly all in
with a modest position. This will change when I get my income tax refund.
I truly expect a great future for Cardinal Resources
I only see only 1 asterisk on the form 4
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
I also see where this form was filed by only one person, Kevin Jones CEO
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Executive Officer
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
https://www.sec.gov/Archives/edgar/data/1520668/000144586616002066/xslF345X03/form4.xml
Now if I go back to the Schedule 14C (where I got my original figures) I get this:
.....Kevin......32,075,044 shares
.....Barbara...11,810,620 shares
Adding the two I get 43,885,664 shares
When I subtract the Form 4 balance of 42,702,538 I get a 1,183,126 share difference.
I shall try to contact Kevin on Twitter. I have READ his tweets, but I have never posted a tweet. I will have to follow Zaadx' advice and learn how.
(Schedule 14C)
https://www.sec.gov/Archives/edgar/data/1520668/000144586615001341/cardinaldef14c11102015.htm
I have 2 problems with today's Form 4
https://www.sec.gov/Archives/edgar/data/1520668/000144586616002066/xslF345X03/form4.xml
1 Minor....1 Major
Minor first (it's the easier)
If you look at the 3rd buy of 2,300 shares and then add them to the shares post on he line above.(old total).42,700,538 ..the new total is 42,702,538.
I figure either the amount of the 3rd buy was wrong (should be 2,000) OR the addition of those shares are wrong.
Like I said, a minor problem, but one that should be corrected.
Now for the Major problem I have.
After the first buy of 305,494 shares, his NEW balance is 42,380,538 shares..To find his total BEFORE his buying, I subtracted
42,380,538 - 305,494 = 42,075,044 shares ...his pre Form 4 balance.
That figure did not sound right. I had to go to the SCHEDULE 14C
filed 20 Nov 2015
https://www.sec.gov/Archives/edgar/data/1520668/000144586615001341/cardinaldef14c11102015.htm
On both pages 3 and 4 Kevin Jones is listed as having 32,075,044.
This is difference of 10,627,494 shares.
I could no find any company filing to account for this difference.
There was only one other Form 4 (dtd 28 April 2015)listed in the company SEC filings. It was also for Kevin Jones for 5 purchases totaling 13,900 shares, for a post Form 4 balance of 24,979,376.
https://www.sec.gov/Archives/edgar/data/1520668/000144586615000484/xslF345X03/form4.xml
I am curious about the differences. I waited until late so as to avoid all the excitement of todays tading and news.
Does anyone have document links that can help me figure this out.
Is my math wrong ?
Did I miss something ??
I welome any positive coments .
TIA
What report(s) are you quoting from??
The latest report I found was the Schedule 14c dated 2015-11-20.
The figure for Carole J McKee agree but not the ones for the Joneses
He is reported to have 33,075,044 shares and she to have 11,810,620 shares.
Neither have been issued any stock options.
https://www.sec.gov/Archives/edgar/data/1520668/000144586615001341/0001445866-15-001341-index.htm
CDNL's latest report to Nev Sec of State
A/S..1,000,000,000 shares
Financial Information
No Par Share Count: 0 Capital Amount: $ 1,075,000.00
Par Share Count: 1,000,000,000.00 Par Share Value: $ 0.001
Par Share Count: 75,000,000.00 Par Share Value: $ 0.001
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=KCr6IqA4EdwpeKlLjAQZXA%253d%253d#
.
Someone recently mentioned a list of MM trading
and the amount of stock they handled that day for a particular stock.
I used to have the site, but in the process of switching computers a couple of times, I have lost it.
Can anyone please help me out with a link ??
TIA
I have been curious about number of shares
owned by company officers and other large share holders (5% or more)
The latest figures I found are these:
Note: Kevin and Barbara Jones are husband and wife and together own 32% of the common stock.
This table is based on 142,234,632 shares of common stock issued and outstanding on November 6, 2015
SCHEDULE 14C dtd 22 Nov2015
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11001742
Name and Address of
Beneficial Owner (1)
Amount and Nature of
Beneficial Ownership
Percent of Class (2)
Kevin Jones ;
President, Chief Executive Officer, Chief Financial Officer, Treasurer, Secretary, Director, and greater than 10% holder of common stock
32,075,044 22.5 %
Barbara Jones;
Executive Vice President –Sustainable Systems (4)(5)
11,810,620 9.5 %
Carol McKee
8,147,124 5.7 %
Jason Sundar
8,021,000 5.6 %
Benjamin Conde
8,000,000 5.6 %
Joyce O’Connor;
Executive Vice President – Services (6)
4,010,652 2.8 %
All officers and directors as a group
(2 persons)
44,232,820 31.0 %
One nice thing about a Form 4
is that it not only reports how many shares a person bought, but what he paid for them.
It also shows the total shares that person owns after the reported purchase(s).
Defining GAPs
I shall assume that StockCharts school will be an acceptable authority for defining gaps.
A Full Gap Up occurs when the opening price is greater than yesterday's high price.
A Partial Gap Up occurs when today's opening price is higher than yesterday's close, but not higher than yesterday's high.
A Full Gap Down occurs when the opening price is less than yesterday's low.
A Partial Gap Down occurs when the opening price is below yesterday's close, but not below yesterday's low.
http://stockcharts.com/school/doku.php?id=chart_school:trading_strategies:gap_trading_strategies
This link also presents trading strategies for both and long trading for partial and full gaps.
(Emphasis and order are mine.)
Thanks to all who replied ref r/s
Yours replies were polite, informative and very useful.
They also showed me that when I can't get to sleep I should do a lot more DD.
Thanks again.
Lets talk about up-listing
I think most of us want to up-list from the OTC to the NASDAQ.
NASDAQ Listing Requirements
Apple, Google and Microsoft are a few of NASDAQ's well-known stocks. Companies with a small market cap are listed on the NASDAQ Capital Market, mid-cap companies are listed on the NASDAQ Global Market and large-cap companies are listed on the NASDAQ Global Select Market. For example, companies can choose from three different requirement standards to be listed on the NASDAQ Capital Market. The minimum number of publicly held shares is 1 million with a total market value of at least $15 million, the stock price cannot be less than $4 a share, and the shareholder’s equity must be at least $5 million
http://finance.zacks.com/penny-stocks-move-bigger-exchanges-6655.html
WATCH IT NOW !!...... I don't believe it can be done without a
REVERSE SPLIT
I do not think the PPS can go from $ 0.02 to $4.00 without one.
Yes, I know there has been absolutely nothing, not even a hint, from the company about a RS and the couple of times it has been suggested, or even mentioned, on this board, they poster has been really jumped on.
Rather then jump on me, how else can the company up-list ??
I welcome any constructive comments on going to the NASDAQ.
TIA
Couple nice posts in wee hours this AM
I too was up very late and had nothing better to do than read the board (had 2 teeth extracted yesterday and was waiting for my pain meds to kick in so I could sleep)
I decided to read some of the earlier posts just for the heck of it.
This board was started with post #1 by IPO$ 2/04/14
Post #369 was sent by BERKSHIRE AGENT 10/14/15.
By my calculations it took 1 yr 8 mo 10 days for the first 369 posts !!
I also noticed several current board members
Among them were:
sulter silver
ozzz
MakeaFuss
BurntBefore
crookedneck
Sorry if I missed anyone, but like I said, it was late and I was taking pain killers
Try This phone number
201 Penn Center Blvd. Suite 401
Pittsburgh, PA 15235
(412) 374-0989
Its from the latest 8-K posted on their web site
http://ir.cardinalres.com/all-sec-filings#document-9568-0001445866-16-001954
Can anybody tell me where they are getting all the money to buy these companies and products ?
Well, the 2015 10K Annual Report is due today
Anyone want to guess what Sym is going to do??
Let me go first.....Nothing, nada, zero, zip or maybe file his usual Repot Delayed
Ok, who is next ??
Good Man. Thanks.
That's great. Should be no trouble for you
to visit the office and report back to the board.
TIA
I have a request
A couple of posters on this board stated that Legacy Circle was their hang-out.
How about one of them actually going to the listed office at 5851 Legacy Circle, Suite 600 and visit the company's office and report back to the rest of us ??
I, for one, would really appreciate it.
TIA
Try this Google search....
5851 Legacy Circle, 6th Floor, Plano, TX 75024
The first one I found was:
http://www.regus.com/locations/business-centre/texas-plano-plano-shops-at-legacy
then click on Virtual Offices
Does Chron Organization have a REAL Office ??
Just for the heck of it Google the company address
5851 Legacy Circle, Suite 600, Plano, Texas
Suite 600 must be a VERY large suite !!
Most interesting/honest post I've seen here in awhile..eod
It means the stock will continue downhill !!
Once the 4's fall, then it'll be the 3's..eom
ANYONE gotten into the company Investor Relations page?
If so, what password did you use?
Been my experience also ..eom
What do you expect?
The company makes no products
and has no verifiable contracts.
The CEO lives in a different town where he seems to prefer writing for a small town newspaper.