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Now that the $1 million dollar question!
Yes worse than Cardinal's response. They took months to respond to questions we knew the answers too. Do they really think the SEC will say, "we are good, carry on". What a bunch of idiots. How embarrassed must they be to face their families? Not even their families can respect them now.
Thats an understatement!
Amazing. They really are idiots. Normal business? Fraud isn't normal business!
What a bunch of nothing. They admitted only the known. What a waste of ink. We didn't expect anything different. Its not like Tim can just not answer and Cardinal is ok. They need his responses. Cardinal is lying that they dont have enough information to answer these questions. They do. They are just attempting to play ignorant.
Well? Nothing? Again?
Well tomorrows the NEXT extension deadline. They have to be out of their 9 lives!
It will happen. The FBI is back asking questions. The SEC is just the beginning, not the end. Then the IRS steps in etc....
The system sucks. There should be no extension and definitely no settlement. It will open the flood gates to civil suites. No one has heard from Peterson because they told him to shut his trap.
At best they file another extension. We know they won't answer the complaint.
Well today is the 1oth. Now what does Crawford and Ford do?
Its all about delay. They delayed answering investors for the same reason. Now they eventually won't have a choice. It's such a waste of peoples time, but these guys don't care. Taking advantage of the process.
Probably. The other more likely possibility is he hasn't paid his bill! Maybe the lawyer saw the evidence and said forget it. Either way its a losing battle.
What a waste of their time. Just tell the truth and get this over with!
Thats all they have done since I have been invested. Excuses and lies. They can't even enter a response on time! They just dont want to go to jail so I dont blame them.
I am sure he will do anything he can to escape. If I were any of his business associates would be worried because he will sell everyone down the river to take care of himself.
I would hire the best as well if I were Tim. Its his only way out. Even this guy won't be able to get him out though. Tim made a major mistake of talking too much and leaving an extensive paper trail.
Any news will be bad, if it wasn't bad enough already!
I think everything he did was paid for illegally, like his trips and expensive cars. They will let the forensic accountant dig in. I don't think it will be hard to find co-mingling of funds it will just take a long time because how extensive it is.
Thanks TD for update. Extension to June 3rd just delays his conviction! More time out of jail! There is no way Crawford can defend this. His attorney is regretting taking tis case. He better have asked for a retainer because Crawford has no money!
Its sad that they cant even respond to the summons. I think that says it all. They are outta here. As I have said before, we will see who goes down with Tim. It wasn't just him pulling off this fraud. Others helped and many knew and did nothing.
Killan's Irish Red for anyone wanting to pay up!
Well, looks like I would have won the bet! I am not surprised. These guys are nothing but morons and thieves. New management and their accountants are no different. They are just protecting themselves.
Yes it will be complete silence from them. All the lies from them telling investors "any day now". That will be used against them as misleading investors. There was never any day now.
LOL, that is slightly understated!
LOL. Lets just say no comment or info of substance!
Agree with that. They are scared not just of the criminal charges that will come, but the massive number of civil suites. Its not like they have any D&O insurance. Who accepts a legitimate CEO or executive position and doesn't have D&O! Tim and Cardinal won't survive the legal bill!
Less than 2 weeks for Cardinal and Tim to produce some answers. When they say "Cardinal" its not just Tim they will be looking at. Its the whole lot of them. Sales to accounting to executives.
Sure we all want our money back, but not at the expense of someone else. The only way they made money was lying to investors. Thats the only way they would make money going forward and I don't want dirty money. Not even Garreal is responding. He knows its game over. Its over for all the execs past and present as well as the auditors.
Great points. The only supporter of Cardinal is Garreal and he knows nothing about oil. Would love him to respond since he seems so very confident that Cardinal is in good shape and will file.
No response from anyone on TDs posted link? Is everyone off the Cardinal band wagon now? Garreal, you tout being iin the know. Maybe you can explain it to us after you talk to good ole Stan.
Typo, not inaccurate, accurate. Sorry TD.
I think this inaccurate. Current management knew of these violations and fraud and did nothing. They didn't alert investors and still haven't. That makes them complicit to the fraud. The suit summarizes a lot. They have been and still are dead in the water. Garreal, can you comment on this now? Do you still think Cardinal and CEGX will file and clear this up by May 16th? Doubt it!
Well looks like its time to rake those chips in! Appears Cardinal isn't free and clear. They cant just say Tim did it and everything goes away. They definitely won't answer.
Still won't matter because who in their right mind would believe the data until it was checked independently? Do you think they are believable? No way.
Well that would put many questions. Its not like they haven't had a really long time to do it. Anytime they are ready!
Ever heard of ITT? It takes time. I wouldn't take fraud lightly. The facts are what they are. This has nothing to do with emotion. You are definitely the only one here who apparently thinks FBI and SEC investigations are not a big deal. I think that is the real alternative reality! Lets wait for Cardinal to get current and then see. Pretty sure it will be a blood bath.
Tim will take everyone who worked for or with him down. Way too deep and went way too far.
We shall see soon enough. I do know it will be hard to find anyone to disagree with these statements. All we have seen is lies and missed timelines. No filings? Let them prove us wrong but so far they have done the opposite.
You mean that the stock that was sold is worthless? Yes, I believe they knew that for a long time and let it trade until they were shut down. I believe management discovered and or participated with Tim in this scheme and did nothing about it. That makes them at minimum guilty by association.