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Not disagreeing with you. We all know what the deal is and want these filings out, but no matter what we say or do, it's still a pink sheet OTC that's moving at its own pace and on its own terms.
You either accept it for what it is and hope it's gets better like many are doing or you just move on and sell your position.
We can't twist KJ's arm.
If you guys don't think he's ever going to put them out, then sell your position. In the long run, the timing of these filings isn't going to make a difference.
Once they are current, they plan on staying current and never letting this happen again.
He will either get them out or he won't and you either believe that he will or he won't.
KJ as far as I know doesn't disclose any new information or insider information in any of his direct messages.
His last update stated everything that was and has taken place.
He hasn't leaked out any information regarding those meetings in DC or anything concerning the completion of the financial filings.
Not sure where you're coming up with this, but he definitely isn't saying anything you don't already know.
Well to be fair to Kevin, he hasn't set anymore deadlines or cut off dates. I feel people are expecting news or an update this week, but it's all just investor speculation and people making up their own deadlines.
I was just curious because the way you make it sound, it's like you're still deciding whether or not to invest in it.
No big deal.
Have you even bought any shares?
Kevin was advised originally by their legal counsel to keep the TA gagged. He never really put much thought into after that and just felt that if people needed the SS they could get it directly through the company.
He said he would consider looking into ungagging the TA, but he was or is going to consult legal counsel on the matter first.
Kevin got himself into the OTC without ever really realizing how much work and insanity comes with the territory in my opinion.
Reverse merger is just the easiest most cost effective way into being publicly traded, but this is clearly a startup company not quite ready to go public, but here we are.
Should be an interesting ride.
It's like the calm before the storm. Kevin has been quiet and dodgy today as well. I hope his silence is a good thing. Like maybe he doesn't want to leak anything out before a formal PR and filing.
They don't add letters to pink sheets.
They don't add letters to pink sheets.
You're so right, we live in a fantasy world here.
The thing I love most about investing in this company, is that we could potentially make a boat load of cash while also contributing to a great cause.
It's an investment charity. The people of Cameroon need clean water and we need money to support our American lifestyles.
Anyone else find it weird that the government of Cameroon doesn't have the ability to fund the $28.8 million on their own?
I can't believe a nation could be that poor. Not trying to be ignorant, it's just baffling.
People complain about how the business is being run, but you're right. No way anyone could have the amount of shares they do and have this be trading so low if everything was running all cylinders.
All the missed deadlines and non reporting could turn out to be a blessing in disguise.
We really truly might have a rare diamond in the rough here. Could end up being one of the greatest penny stock stories ever.
The market for which their product is competing in is massive. Even with heavy competition they can still grab enough of the market share to be highly profitable. It's kind of like the oil market. So much competition, but so many of the companies are extremely profitable.
It's hard for people to believe anything because of all the missed deadlines and not being current. I can understand why volume is low with all the stuff that's in the works because people are scared and worried about the legitimacy of it all.
Also, Kevin never said there was going to be news today. Even if the CAMWATER deal gets put in the bag today and finalized, we might not hear a peep about it until next week.
All we know is that today determines the fate of that contract in regards to the US EXIM. We also know that there really isn't anything that would hinder the contract from being funded as CDNL has done everything right with it. The only thing that can really stop it is a change in government policy and litigation like what happened last time.
Beautiful thing is, the China EXIM bank is now a player. So if the US EXIM turns it down, we still have ace in our back pocket.
Even is financials were hiding something, HSVW has no reason not to want to do business with CDNL because CDNL has a product that is incredible. They are going to manufacture and distribute the Red Bird on a mass scale and will be profitable regardless of whatever CDNL has done in the past.
The patented product is where the value is, not what's in the prior financial statements.
Only appears to be suspicious with out them, but all the DD uncovered more than verifies and backs up all the business CDNL is doing.
The deal is closed its up to the EXIM to sign off on it.
The meetings have been going on since yesterday and will end tomorrow. The meetings are happening in DC between the Cameroon delegation and the Department of Commerce to discuss all contracts and business matters that require financing from the EXIM bank.
The CAMWATER contract is just one of the many international business contracts they will be discussing and finalizing during this 3 day event.
There is also the possibility that the original CAMWATER contract will be bigger than we originally thought. Cardinal Resources and Cameroon have been discussing making some more additions to the original contract. If this all goes well, this will be approved and finalized approved tomorrow.
Another nice DD link which mentions Cardinal Resources from a government website.
https://blog.trade.gov/tag/sub-saharan-africa/
Quotes from Kevin via direct message on twitter:
"...The process is we deliver our internal financials to the accounting firm that goes over them, then they go to the auditor. For the Qs the auditor reviews while for the K there is the formal audit. That is on going."
"As part of being independent they do not give us a timeline. Under the process which is both analysis and basic documentation, it is like they follow paths that may diverge depending on what they find. Documentation we provide can lead them to ask for other paperwork for example."
The only thing the CEO can do to aid in the process and help accelerate it along is to be cooperative and provide them with the necessary documentation and information they to complete the audit.
The auditors are working at their own pace.
One thing I know for certain is that they will be completed at some point and more than likely it will be sooner rather than later.
I think the craziest thing with people complaining about how long the fins are taking is that it is not in Kevin's control. They are at the mercy of the auditors and it all comes down to how quickly they work through everything.
It's definitely not the CFO milking anything as some are assuming.
Whenever a stock has interest and upward price movement on increased volume they will always make their way back over. Must have been lighting up their scanners the past couple of days.
Looks like CDEL is covering again btw.
Whenever a stock has interest and upward price movement on increased volume they will always make their way back over. Must have been lighting up their scanners the past couple of days.
Looks like CDEL is covering again btw.
Kevin doesn't run this business into the toilet. He works hard and has a legitimate business that he has built from the ground up.
Most of the delays that have happened have been due to things out of his control i.e. EXIM lapses and external auditors taking their time with the financials.
He has done a great job of developing his product, building international relations, and securing contracts.
It's all about to come to fruition. Just watch.
That's what I'm talking about. It's short covering out of fear. It's a good sign.
I understand that. I just keep seeing them appear and disappear on the bid side way down at that level. I think they are more or less working with CDEL.
As soon as this stock gets any sort of attention, the manipulation games start happening. So frustrating.
Looks like CDEL might be trying to add shares at .012 or cover a short position. MAXM currently on bid at .0001.
MAXM was on the bid too, but way way down there. Supposedly MAXM and CDEL work together to drive the price down. Either because they have a short position or want to grab the cheapest shares.
Looks like big things about to go down to me. I think big players have caught wind of something and want to load up on some cheapie's.
From the research I've done, when you see MAXM playing, it's usually a big positive.
I remember seeing him sitting way back at like .10 or something like that. MAXM from what I've heard deals mainly with big board stocks and is comprised of non-retail private investors and hedge funds.
Kind of weird to see them selling down here.
MAXM on the ask??? What's up with that???
Twitter DM. Responses from yesterday and today.
KJ has just said they have made good progress on the contracts/projects as well as the filings.
When asked if the financials and restatements are close to being complete he responded with "yes".
I wouldn't give this any more than a couple of days to a week before this is all wrapped up.
A market cap of $300 million still isn't considered that big. And with the kind of business CDNL will potentially be doing, they could be worth every penny of that.
They already have about $40 million in back logged contracts, 85+ unit future orders with China, and a billion dollar Chinese manufacturing partner. I would say they could easily be a company valued at $300 million or more.
Yes, we are very close to some big announcements. Contracts and filings over the next couple weeks. This month has parabolic potential.
That is one hell of a DD list there. I like it!! If that doesn't get you excited idk what will!!
Yeah which is crazy because it completely validates CDNL as a business and backs up that they were in Cameroon working on a side project along side Pure Earth. Pure Earth listing Barbara Jones and her Cardinal Resources affiliation 100% speaks to the legitimacy of CDNL as a business.
All the claims being made that CDNL is a scam are purely speculative. There is so much evidence out there lending itself to the legitimacy and credibility of Kevin Jones and Cardinal Resources. So much so that it far outweighs the negatives that are leading some to believe they are a scam.