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Somebody tell the market, it remains unconvinced. We need money in the bank
read in to to it what ever way you want, that,s what this site is about, but this constant talk of mass dumping/dilution just does not stack up with the volumes traded. Of course people come and people go, but apart from around 10 trading days in the last 8 months nothing has been on a mass scale here. If your entry is low enough you are not selling at this PPS plain and simple. Of course if you paid much you may have folded. JMO
Nobody is making money at the moment, we need confirmation plain and simple. Stupid money makes no money either
$10k and $14k not exactly massive dumping but 2 large trades i agree but only due to the current low daily volumes, believe it or not MM will manipulate a stock both ways , particularly at this price level to generate interest or shake a few weak hands. This stock is in a rut due to no news or follow up from previous news releases. It is a momentum play and has none recently so it drifts downwards. I would be concerned if the volumes were a lot higher and the trend was still downwards but apart from a couple of 6 million share days we have had nothing of note volume wise since October. Based on the volumes bought when this was heavily traded last summer most are still holding and certainly not dumping. We will see if any positives come out in the next few weeks, potential upside still too high to sell at these prices JMO.
I feel the very least they should be doing at this late stage is pushing , its March 6th already, just the working week to go. I feel another delay could be about to get announced, lets hope its just trapped gas i am feeling and not more hot air from CDNL. Long but far from strong
Newbie thanks for the update but unfortunately I do not tweet or facebook, so none the wiser. What we i really need is a filing and the relevant PR in support sad to say but not really buying into anything else anymore.
Agreed, its just a shame/disappointment that we are having to rely on hope this late in the game. GLTA
LOVE ALL THE POSITIVE ENERGY,Sick of the Pump
CDNL’Latin American partner‘AGUA SALUDABLE GROUP
yes they are partners but
not one additional unit has been shipped to Panama since the December successful acceptance testing despite this PR. Not one update on the order status since this PR , So yet again everything still remains only Prospective
PITTSBURGH, PA -- (Marketwired) -- 12/15/15 -- Cardinal Resources Inc. (OTC PINK: CDNL), a global producer of patented, solar powered, community-scale drinking water systems, today announced its Latin American initiative successfully cleared its final acceptance milestone in Panama this week by surpassing its water purity standards with the Company's first Red Bird System installed in Soloy, Panama.
Cardinal received the summary test results this past week and, accordingly, has now met all the requirements clearing the way for the prospective order of four more of its patented, Community Red Bird ("CRB") Systems from the Government of Panama. The Panamanian government agencies that oversee and regulate the water industry have reported they are well funded for a comprehensive upgrade to the country's water infrastructure.
Cardinal expects the purchase of the next four Cardinal Red Bird Systems, with storage and distribution, is subject only to finalization of site selection, final site visits by agency directors and administrative process anticipated in early 2016.
the link to Flint in tenuous at best, CDNL has no business pending out of this crisis , so link is fluff
yet another direct copy and paste from an article on SCN dated Feb 5th 2016, SCN has repeatedly highlighted this stock for around a year. I note that the paste did not include the piece which says Chinese financing should be in place in a couple of weeks (Mid Feb) . I tell you what else has not changed the PPS is still in the crapper a month later.
Probably would have been a good idea to update us on the day he printed that off on the 27th January when the share price was still 3c and the dilution had not started in earnest. funny, things moving forward so well but within a couple of days of printing this off subpenny again. That form is pretty meaningless a month late considering the current situation, also a professional translation have would actually allowed us to understand what it actually says. JMO
look at the date on the bottom of the sheet, January 27th 2016, and still not closed, Mmmmmm
3.59, nothing
I guess just not this Friday though right LOL, must of took a day off . Did not see you today Oh well see you Monday.
But they cannot get their sh*t together for a measly $3.75 million LOL
SCN has highlighted this stock several times over the last year and look where we are now, i never trust those pumper mags, most of the contributors are paid by somebody connected in some way to the stock . Things all looked so much rosier at turn of the year since then it has already fallen off a cliff PPS wise so it really does not have much further to fall, if you really look back over the last year and the stuff that has been written and promised about this stock it is almost laughable that we should be in this position at all.
If anything the fact that water is such a valuable resource has been used by certain individuals to pump this up and garner interest and people willing to buy in, all the while nothing concrete is ever delivered and the PPS is in a hole. The people who just list links really need to look at some of the ones they post. one from yesterday had me laughing to myself, it was pumping CDNL up from over 1 year back saying how good 2015 was going to be and the massive 50% profit margins on near $30 million african backlog, LOL. Look at the share price back then it was trading 60c back in Jan 2015 its now 1/200th of that price .
I still want this to succeed and really hope it does but my skepticism is increasing with each day this Chinese deal is delayed. We are all waiting for that silver bullet i just hope the guns not empty again. Long, not too strong at the moment
That,s funny if you look at your post it says well positioned for 2015 ha ha ha.
Its great that people pull up articles in support of the need for clean water, and i think everybody on here is pretty much aware of the need and the potential market ( for a well run and financially savvy operation at least) that is why they bought in. The issue here is whether CDNL will be able to take advantage of this need, i myself am really surprised that CDNL could not have found a venture capitalist in the US or Europe willing to back this venture for a piece of the pie especially as big as it could be, instead it was only the wolves of the OTC who would lend money and feed on the carcass when they feel like it. With a few million $ thrown at it and some decent management/marketing this would already have taken off and it would not still be waiting endlessly for this Chinese deal to get signed.
This has been analyzed to death now on this board but i still maintain whilst this Chinese deal if it succeeds is better than nothing it is not as good as it could of been , not by a long shot and in light of recent market activity in CDNL its the very least it needs to keep the lights on.
No more about patience please as the old saying goes patience is something you admire in the driver behind you, but not in one ahead and i want CDNL to be the driver ahead. All this talk of $ billion markets etc and CDNL is struggling to close a $7.5 million deal whilst all the while the PPS is in Crapper, Patience has already been shown in droves here it needs some delivery, Whilst i have no direct experience of doing these deals myself i can see plenty of much bigger things happening in China on a lot quicker time frame. To be perfectly frank i am beginning to have big doubts about this going through and i am only holding still because of my low entry point and the potential upside, but i am getting pretty bored of saying the potential, i just want to see some upside
Enough of the pontificating about why people are negative, you were preaching the same "sell them to me" when this was 3 pennies now its down 90% from there. I am really happy for you and you large position, we all hope the PPS increases that,s why we hold it, the JV has been delayed some what at same time the PPS tanked and the share count went ballistic and it really needed some positive news instead of revised dates and promises, so i think that is why some people are somewhat negative as its over 5 weeks late and it continues to trade in the dumps. If anyone is genuinely long on this they probably have not made too much as yet as we are still waiting for the promises to become sales/income, sure some sold out on the last climb but looking at the volumes lots more bought in on the way up than managed to sell once the chaos hit so they probably had to average down on the way back down. This may come good but they are sure making heavy weather of it and lots of people not buying into at the moment hence .0035, no doubt there are flippers around but plenty of people here have been here a while, that is why we are starting to doubt all the promises, we require delivery for once. GLTA long holders as we are likley to need it and certainly deserve it.
I think this chart demonstrates quite well the issues with the PPS. Only been real buying/selling on 4 occasions in the last year. Every rise has been met with selling immediately after, the price then drifts down until the next news. problem now being no real news for over 4 months and the price has just drifted down, volumes as can be seen have been pretty small every day since October, certainly does not support the talk of dilution dilution, looks like people just people getting in and out at low PPS due to boredom/impatience waiting for the next real news. Fairly safe to assume if news does arrive it will climb up, whether it stays up based on the history of the stock is debatable. News would have to be the delivery of all the promises made, lets hope its not another 4 months or turgid action
The dilution argument has been discussed to death and looking at the volumes now its has likely stopped IMO, 10 million shares is worth $35k at the moment so that,s was around the last 4 days average volume so money wise its dried up. If it was still going full pelt this would be trading in the trips right now IMO, because the price is so low people can trade this and make a return on a day trade, it can swing 10-20% very easily anyone trading a couple of million could make $500-$1000, lots of people happy to do that on day to day basis
yeah ok
No offence but you are obviously bidding lower than the already pathetic ask i assume yours is in at .0031, so you will only succeed in dragging this lower with your bid. Besides all the other issues going on here too many people wanting to chisel the PPS down lower for the sake of a few $s, (quite funny when half the people on here think it will change the world but are not wiling to pay .0033 for some shares), so they can accumulate massive holdings , this will never get out of the hole if nobody will pay the ask people quite a simple concept really and we will all have a big pile of worthless shares. Mr Jones needs to deliver and people need to start buying at the ask and this may attract some others, if they see it sitting in a hole and dropping lower then this is where it stays
I have to say i Love your undying enthusiasm, is your last name Jones? LOL let me address your points
First: what investor does not want to CDNL at multipenny.
apart from a short this a Statement of the obvious,
Secondly it will take time.
Yes it will now and it was already there a few weeks back
Third set your alerts to buy on the dips.
no need it dips everyday and i have enough, perhaps if it goes up that would also be a good sign to buy?
Fourth: CEO has more invested than
anyone on this board.
I would hope so its his company, although at its current PPS nobody has too much invested
FIFTH: Patience will pay off $$$$$
I have been almost a year already, its all promises promises promises, time to deliver. Your long and strong speech is getting old, technically you have to hold a stock for a year to be a long, i am sure you flip when the opportunity arises hence your buy on the dips BS.
I really have nothing left to say on the subject, the pooch has been screwed IMO, it may heal in time but that does not detract from the appalling mess of the last few weeks. This Chinese finance is turning in to War and Peace the extended version, i guess they pulled the January closing out of the air at the beginning as we are now in March. Good luck to you and your buying on the dips i will hold on to mine and if your right we are both doing ok as my entry is pretty low but i would not buy any more until the promises stop and the deals actually get signed and some money goes in to the bank.Roll on the 11th (or maybe it will get extended again) You can say i am negative i prefer realistic until CDNL actually delivers for once its all just potential which is what drew me in originally but is getting real old right now.
exactly my point i realize that they are connected and so did Mr Jones, the fact is they were never going to close on that date and should have been realistic originally with a closing time frame, the 10Q coming out 2 days before the dilution did not help people unless they were watching this like a hawk, ( as luck would have it i was on vacation and missed all the fun) surely If the Chinese were deadly serious they could have made a small payment upfront to clear the mess before it happened and inherited a much stronger company without the need to R/S eventually , so this perpetual delay will likely continue right up the 11th, who knows what shape it will be in by then and if we ever see a dime from the Chinese. My frustration is getting the better of me because too many people are making excuses for the mess it is in and are passive in the criticism , this could of and should of been handled in a far more professional manner. I wrote 3 times to Mr Jones in the last few weeks without reply because i was asking valid and probing questions and not pussy footing around. The silence from him is telling IMO. Ready for another vacation i think, i know my CDNL holding will not be paying for it LOL
What are the odds of 2 trades for a very odd identical number of shares 18 seconds apart, seems like games are being played as well IMO,broker to broker and back again. Still the silence is deafening on the China deal, 11th March seems like a long way off at the moment especially with an original closing of January 25th, were already 5 weeks late, perhaps its just me that thinks this is an incredible amount of time over the original date, especially as the PPS drop and dilution more or less started at the exact time of the original closing day and its failure to happen, just a strange coincidence perhaps. Definitely time to cross your fingers and hope for the best its getting grim.
Article on Power Africa on BBC website this morning, certainly this project is getting good exposure lets hope DNRG is working hard behind the scenes as they are very quiet about their recent activity ( Guatemala does not count for this project) , i have no problems with that if they release some real PR when it does come but if its underwhelming then that spells trouble to due to the time period since anything meaningful was last released, BBC power africa
I was not going to write anymore for a while but this is one of the more absurd posts i have seen so i am compelled to reply. By the way i am not angry i am pointing out some concerns to all the rose colored spectacle wearers as they appear to be quite legitimate to me and a few others. Obviously you must have a different view of the decimation of the share price on massive volumes to the general consensus, perhaps you think it is quite normal whilst waiting for confirmation of some positive news that the share price should fall 90%+ in around 6 days on increasing volumes and then to remain subpenny for the following month on massive volumes. I must reevaluate the way i look at stocks as a 90% drop and massive daily volumes is obviously a positive thing. I have attached the chart as a reminder of the absurdity of your post. I am definitely going to lie down in a dark room for a while now and will be taking a rest from this board GLTA .
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Agreed, this went on the last climb on the back of positive PRs with a volume of approx 50 million shares to climb up to .06-.07 range. this was after another smaller dilution round. Since then its been a bloodbath whilst waiting for a previously announced PR ( which helped it climb originally) to close. Countless shares have been added and too many people seem happy with a few facebook posts and tweets on why this is taking so long to get signed in the mean time the PPS remains depressed and we are now holding ???? amount of additional shares ( hopefully with a lot fewer notes, but who knows? who really knows) , this will obviously not climb as fast or as high as previously as the Chinese deal was already announced and this is not new news i am sure it will help it climb but slowly IMO. Only additional contracts and the fulfillment of the original long held ones will move this forward. pretty sure most who post on here hold a fair few shares each and are alarmed ( whether they admit it or not) at the duration of trying to close this deal and anyone who has held a while already knows how long Cameroon and Panama have been in the pipeline. Good Idea, great potential, very poorly executed. My entry point is low enough that i can sit it out but i will not be buying anymore unless i see progress not just promise. I have whined enough and said my piece and i will now sit back relax and hopefully be proved completly wrong
No doubt the PPS is in the crapper, but it was 220k at 3.52pm with 230k bought after hours, all pretty meaningless at this PPS $4k trades is neither major dumping or buying. This thing is just in limbo land until a positive /negative confirmed filing is put out, no point selling at these prices IMO as upside potential means you would kick your self, at this PPS it can be manipulated either direction for relatively small beer money. Need to see much higher volumes or PPS before any real assumptions can be made.
This is almost farcical if you think about it, lots of talk onthis dilution issue, well i counted 430 million shares traded subpenny in the month of February alone, which would be more than enough to pay off all the outstanding notes in the company even at a 50% discount 350 million shares would have paid off the notes with average price of .004 and discount making it .002, where are these shares coming from? Most of these notes did not mature July 2016 and up to 2018, have more notes been issued that were not included on the old 10Q, are they paying off other things with shares? i find it coinciding with the Chinese delay as bad timing at best and very dubious at worst , just seems strange that we continue to see heavy volume at these low levels and no real upward momentum with all these good things in place which keep people buying but its just moving forward.
Agreed and GLTA, one thing you definetly need if you hold CDNL is patience
Exuberant meaning
filled with or characterized by a lively energy and excitement, i think that covers it well.
Fact is this is still in a hole, we can all dream of the great things it could be but the fact is it is currently trading at .0039 and no one is buying at this price. The deal is dragging its heels and without some kind of confirmed filing this is stuck here. I am merely pointing out that you cannot say this is a large deal which needs time to complete when the Chinese are are signing $10 billion loans to other foreign companies ( obviously Petrobras is a different league but so is the deal). Whilst some may be happy with a Twitter/facebook postings call me old fashioned but i prefer a confirmed filing that the deal is complete. I have been this stock long enough to know it has promised a lot on several occasions but as of yet not a single one has been realized to its potential hence both my sticking with it for the potential and my skepticism because of the previous failures to deliver.
Petrobras Gets $10B Chinese Loan In Oil Supply Deal - See more at: http://www.rigzone.com/news/#sthash.eYbkFjAq.dpuf. Going on the this deal Petrobras may get their money in about 50 years time ha ha. Seems to me that CDNL have bought a lot of time regarding completion off the Chinese deal with their recent exuberant facebook/twitter openness , it really should not be this complicated or long winded for such a small deal, they have been planning this for quite some time and it has been announced for over 2 1/2 months and is now actually over a month late from original completion. Must be more to this than just bureaucratic delays IMO. meanwhile PPS still in the crapper, the signals are not giving me a warm fuzzy feeling at present. At least there is no mass selling/dilution anymore, but on the flipside nobody is buying at present either probably because anyone who wants shares already holds a heap due to the sheer number of sub penny sales in the last month. Lets hope March is kinder than February was.
hallelujah for that