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P.S. y'all are slathering at the mouth because the 8K was released, rewarding investors with a spike from 0.003 to 0.005? Wow! The Snake Charmer's hypnotic music is working....
TwoSources: $4mil...39.6Mil...African deals. The Latin America deals...so where is one penny of that money? And if any has been paid, why isn't is showing up on CDNL's filings and cash flow satement?. And finally with all those millions rolling in or about to....why give away 51% for $7.5mil? Neither Mr Jones or anyone else has answered that simple question. So...obviously, they made a deal with the devil just to remain solvent and get out from under that huge debt you do see on the balance sheet...Sad way to run a business especially one that has such a great global demand. And if you say, as Jones has, collecting from slow paying third world countries has been the problem, then that makes USA a third world country too since there are many, many counties in the contiguous 48 states in dire need of water systems just like CDNL's. Oh boy!
Exactly, Camel! However, if pink sheet traders drive the price up before all that can happen....if it can reach say that par value or a bit less, I'd sell, take the money and run.
The transfer of stock happens right away: $3.75 in exchange for shares. Maybe it would be better for CDNL to collect the $200k plus for the systems it's installing and use that money to get South American. African and USA projects going and keep the company ownership right there in PIttsburgh. Stressing over the completion of a bad deal? Why?
Let's do some math, shall we? Let's say the deal closes and CDNL gets $3.75mil. Then they transfer.....how many shares of the common stock float to make up 51% value of the company?
Well, since we currently are @0.0028. and the Chinese assume control of the company, restructure management and the board...what do you believe is going to happen to our American pink sheet common shares?
From the intensity I read on this board, some of you own millions of shares. Probably at between 0.1 and 0.5 cents a share. With the above scenario, how will it be possible to at least break even?
I believe Kevin et. al. become well paid American front men for a chinese company that will bury American shares in some deep well (pun intended) and even a RED BIRD system wouldn't be able to clean up that mess.
With a foreign company taking over an American Company, this could not be a linear transaction whereby you buy at one price, value increases and the stock price rises. The Chinese will decide the fate of our American holdings...not the stock market. Any thoughts?
Thanks pal.
Yes pennyvestor, I see the stock price and the volume. Without an 8K or news release, or a Facebook/Tweet ( which I too believe is an unprofessional way to communicate to investors) isn't it only frustration and speculation as to what's happening? I try to remain unemotional as an investor. Hard, I know, but important in order to separate fact from fiction.
Has new information been posted somewhere by CDNL? Or is this just ongoing frustration about no news and no 8K? Confused. Please enlighten.
Please, I stepped away for other business and returned to the board to find a hornet's nest. Has Jones posted on FaceBook or Tweeted ( I do neither) something that's gotten you all so angry?
The only delay has to be in the transfer of funds. If CDNL execs lack the confidence that the funds were being transferred, then submitting the 8K would be premature. However, he stated there was an unexpected and unprecedented"surprise",but the 8K was in EDGAR'S hands. . Perhaps SEC/EDGAR told CDNL that unless and until the money was transferred they would not publish the 8K because that would be willful misrepresentation of facts written in the 8K. There is no surprise here. They can't publish without the deal finalized and the money changing hands into CDNL's accounts and stock transferred out. DIfficult to pin this on the responsible party: either Jones or the Chinese are not forthcoming.
Final arrangements for the first tranche transfer of funds is underway. Once funds are verified into the company's account, transfer of stock will take place...
this is the only substantive material statement; those of you reading other things into the posting.... you need to just focus on that singular issuance.. I have been skeptical as much as the next guy...and gal, but when it clearly reads transfer of funds is underway...simple...straightforward, to the point. Relax folks...
As of 9:20 PST, Saturday March 12, there is no 8K filing with the SEC on Edgar.
Well, hope it brought some smiles. We all bought lottery tickets, so take it in stride. Have a good weekend. Peace.
Okay folks here it is....with 45 minutes left, end of trading day end of trading week, let's band together and sing: a one a two a three:
Weeeee and Mr Jones, Mr. Jones, Mr. Jones
we had a thing going on,
we know's it's wrong
but the feeling's so strong;
Mr Jones, Mr's Jones, Mr. Jones
we had a thing going on....
Feel better?
Just to relieve some of the anxiety, I've just returned from ONE HUNG LOW'S where I took a photo of myself in baseball cap and sunglasses posing with eight(chinese lucky number) chinese waiters and a cook...in front of a water fountain. Seinfeld...party of four! Ooops they already left. Guess we'll have to wait until next week...Burnt Baby Burnt...you the man.
Amen to all you wrote, brother. Forget this until it happens...enjoy your weekend, don't worry be happy. Me? I'm going to my fav Chinese restaurant and let the good times egg roll....
Just read the CDNL: First few paragraphs refer to "anonymous" customers. For what reason would a customer have to emain unrevealed?
Then ongoing consulting arrangements. But no numbers. Getting paid? Is that a secret too?
The following paragraphs of the update talk about what CDNL can do and how their systems can be utilized. Folks there is not one single item of fact in this news update. Just more potential.
If they have customers/clients as a publicly traded company they must post what monies are coming in and who their clients are. This is, at best an unprofessional communication to it's shareholders and at worst a fluff piece with no real information...smelling scam-a-licious. Let's go Mr Jones hard numbers...client list, cold hard facts. This is business.
It was metaphor Seven, not meant to impune Jones' integrity. I'm holding shares as well, just wished to offset some of this Candyland fantasy which always seems to appear on these penny stock message boards. If any of you have become rich on a 0.003 equity, I bow to you with abject humility and awe. Please share with the rest of us lottery investors your succees so we may follow that path as well.
Excellent point Burnt. 'cause iof this deal goes through the whooshing sound you will hear is the dilution of your zillion shares supressing any significant rise in stock price. Oh, maybe it'll go to .10 cents. And if it does, sell sell sell , make a few grand and move on. Once again
I pose this question: Why give away the keys to the company to a foreign company controlled by an unreliable foreign government for &7.5 mil if you have 300 Mil in orders pending?
Other companies with that kind of asset goes to a bank, borrow the money...keep 100%, roll out their products, slowly repay the loan and get profitable. Over time. Debt Management, a standard business practice. Look up any corporation and review asset/debt ratio. You can derive investor potential gain or loss as part of the equity value. Do the homework friends.
Nigeria, Ghana, Malaysia...broken, corrupt governments...and China...a government with a terrible business track record...if you can't do business in USA...your own country...with many towns, counties, states in desperate infrastructure problems...what makes anyone believe CDNL can succeed in countries where bribes, payoffs are commonplace. Let's get real here folks. MArch 11 will come and go and CEO Jones will be nowhere to be found other than some bar in Pittsburgh, having a cold one on your dime
I'm new to this board and have a few questions maybe some of you might know:
1. If the $7.5 mil Chinese deal is in limbo, CEO Jones wrote that in the meantime, the Chinese JV company will be buying redbird systems, helping to promote sales etc. So, for the sake of shareholders, why not release the numbers of those systems they are buying?
2. If CDNL has 300 million in back order sales, why give away control of the company (51%) for $7.5 mil? ( I read that all the Africa contracts are supposed to be owned by the chinese company. Really? That's good business?
3. Where's the money for the systems being installed in Panama? At least one is there now, and four more ordered. Am I wrong?
4. Flint Michigan and other places right here in the States is in dire need of clean water. All the media and politicians are all over this. Golden opportunity. Yet not a (published) word?
5. For a company...[publicly traded) with huge debt, there doesn't appear to be a very aggressive approach to making and closing sales.
I welcome all comments, especially if you can point to FACTS that contradict what I am asking. Thanks