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Bad News from China for CDNL/RedBird. Still onboard.
Dispute over shipping payment and possible return to sender.
From Cosco shipper. China partners have refused offloading.
This is a stake in the heart for CDNL.
CDNL
Who are we, and who is this CDNL/expert?
The CDNL desperation is reaching new heights.
While the stock is headed to the gray sheets.
Shedding light on CDNL's/scam met with desperate denial.
CDNL's Jones knows well to play into that mindset.
Eventually the truth will sink CDNL.
Followed by the inevitable knowledge that the stock was
rigged and the losses are real, permanent and painful.
Meanwhile, hope is promoted as CDNL dies a slow death.
HINT:CDNL "rumors" like that will speed the downtrend.
CDNL suspension nears, nightmare on.
Ouch...CDNL Sells 1,645,526. Buys 6,000. The suspension nears.
2015 financials for CDNL will not be good.
How is that CDNL information known?
Sort of CDNL coincidence with the rented CFO.
Kassab
0.0018 is ERBB coming. Could be even worse.
The one chance of a reversal is another massive volume.
Be sure of this, CDNL will be (fka CDNL).
Today's CDNL Sell/Vol. 1,104.035. Buy/Vol. 133,000.
Cardinal Resources Inc. (CDNL) SEC reporting Delinquent. AGAIN.
If any broker, dealer or other person has any information
which may relate to this matter,
they should immediately communicate it to
the Delinquent Filings Group of the Division of Enforcement at
(202) 551-5466, or by e-mail at DelinquentFilings@sec.gov
SEC Reporting Delinquent
does somebody see a run coming?
Not the t-trade 570,000 seller.
CDNL is a loser and the in the know, know.
Yes. CDNL has no employees. Not even one.
PA tax records list CDNL with none.
The Jones's are in deep trouble as far as unpaid local,
and federal payroll tax payments. Thus the fired employees.
One of which has become a font of information to
the level of the scam that is CDNL.
The fact that CDNL has not been suspended is surprising.
Wrong. CDNL is a game. Three rotating shells.
Search PA corporations. Three CDNL's.
One with Mrs. Jones CEO, One with Mr. Jones CEO,
and the other with no executives listed.
CDNL is a shell game.
That's where today's 500+K t-trade went.
CDNL slowly draining the swamp.
And the biggest CDNL t-trade of the month.
0.002 coming for CDNL is much more likely.
And that is a bonus considering CDNL is SEC halted.
No doubt. CDNL is on the SEC's radar.
Mr. and Mrs. Jones are under serious scrutiny.
My latest conversation with PPG's Len Boscovitz has
Mr. Jones on total silence. He has refused all requests
for an interview. I can only guess that Jones is trying
desperately to play out the scam before it collapses.
CDNL is soon to be defunct and de-listed.
My call about CDNL to the SEC was comprehensive.
In the 30 minute conversation it seemed to me they
were very aware of the scam that is CDNL.
The Grey sheet designation is soon to be the new CDNL market.
Cardinal Resources Inc. (CDNL) SEC reporting Delinquent.
If any broker, dealer or other person has any information which may relate to this matter,
they should immediately communicate it to
the Delinquent Filings Group of the Division of Enforcement at
(202) 551-5466, or by e-mail at DelinquentFilings@sec.gov
CDNL Delinquent
Worse yet OTCMarkets lists VMGI Dark or Defunct.
And CDNL t-trades continue. Sell 375,000 at 0.00739.
CDNL for the day - sells 1,061,052 - buys 376,700.
The slow CDNL death march continues.
REMINDER-DUE DILIGENCE CDNL SEC Reporting-Delinquent OTC YIELD
YIELD
CDNL sale form t trade 749,809 at 0.00608.
Sure sign the end is near for CDNL.
What's funny is the CDNL slow death march.
The big question is will Mrs. Jones drop the dime
on Mr. Jones when the SEC raids CDNL offices to
discover the depth of the CDNL fraud.
Water treatment firm Cardinal Resources faces financial woes.
Post-Gazette.com October 10, 2016 7:29 PM
By Len Boselovic / Pittsburgh Post-Gazette
When last we heard from Cardinal Resources, stock promoters were using a photo of Matt Damon with a toilet seat around his neck to tout the shares of the beleaguered Wilkins water treatment company.
That was January 2015, when Cardinal’s shares reached the lofty height of 69 cents per share.
Based on the current stock price of a penny, things have gone downhill since then.
Cardinal, which makes solar-powered systems that provide clean drinking water to Third World communities, hasn’t filed financial statements since it told the U.S. Securities and Exchange Commission in January that it lost $2.6 million in the first nine months of last year.
The IRS has slapped a lien on the company for $172,000 in unpaid payroll taxes.
The Pennsylvania Department of Community and Economic Development is after the company for $15,000 because it reneged on a promise to pay back a portion of the $25,000 in incentives the state gave the company in 2008. Cardinal failed to live up to the terms of the incentive agreement, which included creating 25 full-time jobs and investing $840,000 in the business.
Cardinal’s other unpaid bills include $337,000 to a Florida company that provided financing for business development and marketing efforts, and $11,000 to Scarano, Trump & Adelsperger, a Murrysville firm that provided tax and accounting services.
An angry, frustrated Allan Roberts of B2G Alliance figures his Pittsburgh firm is out about $20,000 after helping Cardinal seek U.S. Army contracts in Africa in connection with the Ebola virus outbreak.
“They never made good on their debts,” Mr. Roberts said.
He said Cardinal CEO Kevin Jones made commitments he couldn’t keep.
“He certainly has mismanaged things over there,” Mr. Roberts said. “I’m so tired of this guy.”
Mr. Jones did not return three calls seeking information and comment on the company’s troubled finances and prospects.
Here’s the story that public documents tell.
Cardinal disclosed in December that Hangzhou Sky Valley Water Technology Co. of China would buy 51 percent of the company by investing $7.5 million. According to Cardinal’s press release, the proceeds would be used to repay all of its trade debt, establish a Chinese joint venture, repurchase shares, and for other initiatives.
The announcement indicated Hangzhou Sky Valley was expected to provide $3.7 million of its investment “early in the first quarter of 2016.”
The first check came in May. Cardinal disclosed in a May 5 SEC filing that the check was only for $1.1 million, cautioning that “there is no assurance” the Chinese company would provide the rest of the $7.5 million.
According to a company press release five days later, Hangzhou Sky Valley’s check entitled the Chinese company to a little more than 11 million shares priced at 10 cents per share. At the time, Cardinal’s shares were trading at about 2 cents.
Since then, Cardinal has disclosed in SEC filings that it intended to pay off nearly $419,000 in promissory notes by Aug. 8 and that it had hired Adam Kassab, a Scott tax attorney, to be its chief financial officer. Mr. Kassab’s firm, Padgett Business Services, will receive $25,780 annually while he will be paid at the rate of $150 per hour.
In a telephone interview, Mr. Kassab said he could not talk about how the $1.1 million from China was or will be used. He also declined to comment on why the Chinese investors bought in at 10 cents per share, five times the market price at the time.
He said the federal tax lien, which dealt with 2013 payroll taxes, has been resolved and that he is working with federal and state tax officials to resolve similar issues for subsequent years.
“We still need to deal with the income tax filings,” Mr. Kassab said. “We’ve been working to clean things up. We’re trying to clear the hurdles to allow the rest of the [Chinese] funding to come in.”
He could not comment on when Cardinal will file its financial statements.
“I can’t release that information yet. I’m too new to the process to comment,” he said.
In a January 2015 interview, Mr. Jones said: “Our financials are improving, but they’re not where we want them to be.”
Investors know where the financials should have been months ago: on the desk of the SEC. The record shows Cardinal keeps many people, including the IRS, waiting. Why should the SEC be any different?
Len Boselovic: lboselovic@post-gazette.com or 412-263-1941.
Tell me how a stock selling scam works?
Ask CEO CDNL Jones. He knows it all.
Promote a story, as CDNL has done, that has appeal.
None of which can be verified, and make sure the sources
are far away, Cameroon, Panama, China.
File nothing that CDNL can be held liable for.
Twit the future of CDNL. Avoid any details.
Keep all CDNL actions, relations and partners nebulous.
When the CDNL scam is ending, go silent, sell off slowly
to keep a bid to dump into.
CDNL is weeks away from revisiting all time lows.
Cardinal Resources, (CDNL) 0.008975 -0.000925 (-9.34%)
Yes it's a stock selling scam
CDNL proving that it is.
Watch CDNL bust 0.008 soon, if not tomorrow.
CDNL CEO Jones is a slick scammer.
Caveat Emptor.
CDNL Jones admitting he can't sell his scam.
To get general updates out on a more regular basis, we are vetting and bringing in on an as-needed contract a technical writer to produce regular updates.
Perhaps the rent-a-CFO can recommend a rent-a CDNL
promo writer to keep the CDNL scam alive.
The new tweet of CDNL water metering is a perfect example
Prepare for sub 0.008 CDNL PPS after this pathetic CDNL update.
Wow, that CDNL update was the worst ever.
Typical pink CDNL fluff from the inept CEO Jones.
Company is not where we want it to be and there is still risk.
0.008 CDNL PPS will be tested after that weak attempt
to appease the CDNL story that has been foisted by CEO Jones.
The slow drip of red is the CDNL trend.
Good news VMGI investors, justice coming for CEO/VEVE.
Birds of a feather CDNL Jones and Owen.
That Dallas travel is a CDNL confidential matter.
And it is the key to the CDNL Scam.
Soon it will sink CDNL and send CEO Jones to the
Federal prison system, probably Atlanta federal penitentiary.
Interesting that CDNL travel has been exposed.
An honest former CDNL employee cares for investors.
To ignore her/his CDNL information is a big error.
The truth about CDNL will soon be known, and when the
CDNL wall crumbles holding CDNL shares will be a black day.
This CDNL stock is in for huge losses.
My Pittsburgh source, recently departed from CDNL
has informed me that the audit and filings have
produced serious and potential problems.
The kind that CEO Jones may see prosecution,
particularly with claims made by the company in August.
My Pittsburgh source has evidence of CDNL CEO on a
cellphone tower trace in Scranton,
while purporting to be in Cameroon. Jones is in PA.
Janice, tune in to BLoomberg TV now.
Interested in opinion.
I'ts an infomercial to buy stock FOTV.
The news for CDNL surely won't be good.
Kevin CEO of CDNL may even be indited for fraud.
The Pittsburgh office of the SEC is on his trail.
To encourage this CDNL fraud is a sad and awful act.
CDNL is a scam, PPS is proving it.