Exposing the BS!!
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That is the million dollar question. I don't care how bad ass the new "business plan" is or who is running the company why on earth would anyone would want a company that is under federal investigation, has zero cash, zero assets and owes millions to investors?? Do people realize that changing management every year and changing "business plans" doesn't nullify past liabilities? Illegal activities, liabilities, lawsuits will have to be addressed before their new "master plan" can take place. Maybe this is a new method of doing business?
Hopefully, they don't finish the financials and stall releasing them because they are horrible. Its possible they could already be completed and they are lying to buy time in-order to try to figure out how to spin the gross negligence and misuse of money. Who knows with these guys.
Tim is a moron! I'm sure the financials will eventually be completed, but their estimation of time is possibly some of the worst in the history of time estimating. How many times can you say "next week" before it becomes a lie?
Left a huge mess of suspect/fraudulent activity, missing documents, and missing money, which is why the Feds have been and are still currently investigating. The new deadline for completed financials is "2 weeks". How shocking!! Another missed deadline.
Agreed. We cant wait for the stock to pop a couple cents so we can dump it. It would be nice if they would do something or just close shop. Literally nothing has happened in an entire year except for pointless revolving door management changes, a bunch of talk and hype, and idiot managers saying "next week", "next month".
Assets - None.
Talent - None. Unless it involves conning investors to give them money for dog crap projects.
Trustworthiness - None. Zero deadlines met. Zero promises kept.
Someone prove me wrong.....
Maybe in "2 weeks" or "by the end of the month". Lol
Well they are telling people they will have 100 million dollar valuation after all of the financials are caught up just because they said so. Based on what?
Agreed... The 10K won't contain any "good" info. I was just proving a point that CEGX cannot hit a deadline to save their lives. Its astonishing.
I dont have much faith in Cardinal hitting any deadline they set. From talking to Gary his and Cardinal's goal was to get he 10k wrapped up by the end of July.
Gary Peterson and Cardinal's goal was to finish the 10K by July 31st. I'll be shocked if they actually hit a deadline.
Any takers on a completed 10K by tomorrow??
Their website has their contact info. http://www.apcpas.com/index.php
Gary is preparing the financials for the auditors. He use to work for Cardinal years ago until Tim quit paying him and pissed him off. New management brought him back to fix Tim's dumpster fire.
Lol... Pitchforks and torches.
A completed 10K by the first part of August?? Can CEGX actually hit a deadline? This could be a first if it actually happens. They have missed the last 20 "by the end of the month" deadlines or they were flat out lying. Only time will tell....
11 months of "next week" and "by the end of the month" have passed. As another month disappears, crickets from management.... no financials..... imagine my shock!
Let me guess, "by the end of next month"??? Oh, ok great!
Everything is screwed up/lost thanks to: Tim Financial Genius Crawford.....
According to Tim's newest "capital company" he is boasted as a financial Einstein:
"Mr. Crawford’s skill set lies in understanding the unique capital needs of a particular company and how to develop their long-term capital strategy. He has deep knowledge how to align a growth oriented business with strategic partnerships and the proper capital partners that will help them avoid catastrophic wrong turns during their high growth stages." ---- Understands the value of investing millions of dollars of his own funds into a venture."
Lol.... he conveniently leaves Cardinal Dumpster Fire Energy off of his professional Bio!
http://www.crystalcapital.net/#team
According to Google, he sells life insurance and Aflac supplemental insurance. Zero oil and gas experience.
Paul Carlisle- The crown jewel, inventor of oil and his SIGNIFICANT revenues rolled out the door. CEGX has no assets and currently cannot raise capital. CEGX is a shell with large liabilities. Now What? Thats the 100 million dollar question.
If theres not money to pay for EOI how is there money to pay Dan Hardwick 2K per month and to pay for office rent etc?? Lol!
Lol.... the life story of Cardinal. Hilarious! So is this good news or bad news???
Can you enlighten us with the information from the management?
10 months of "next week" and "next month". Will June be the lucky "for real" month??
Fact:
Cardinal's liabilities and past negligence does NOT disappear no mater how many times you change the business model or change the management.
Proof:
All facts and public records: Review TDbowieknife's posts containing links (evidence) of Cardinal losing their oil leases due to lawsuits (official court docs were posted) and non-compliance. Cardinal didn't bother to showing up to the hearings. The hearings are video taped and posted on the Texas railroad commission's website (evidence). In their old business, model they pissed away millions of investors money on trash oil leases and did nothing preserve investors investments or prevent them from being taken (See court docs). These leases were bought and or "developed" with investors money. Paul Carlisle was affiliated with Cardinal and also working on their these leases for about a year before he joined (see his invoices). He damn well knew everything that was going on and is just as responsible as Tim C for the implosion of the old Cardinal.
Trust me, I hope Cardinal manages to sort out the previous disasters and one day and I can actually recover my investment, but over the years (not months) I cannot tell you how many promises have been broken and how many flat out lies have been told. I think investors are very tired of hearing "next week" or "by the end of the month" and how CEGX is the best thing since sliced bread, but nothing ever happens (both new and old management). When you hear that over and over and over you have to eventually call it a lie... I'm not sure what else to call it. Investors are sick of hearing talk for years and seeing zero results, zero action or real returns (not stock movement of 1 thousandth of a penny) on their investments.
I know several investors who have lost hundreds and thousands of dollars (totaling millions) by investing in Cardinal stock/Cardinal projects. The investors were sold "turn-key" investment/projects which turned out to be steaming piles of dog poop. Meanwhile, the management literally blew through millions of investors money at the speed of light, they did not specifically spend all of investors money on investor projects, they played dumb and eventually went silent.
All of this hype about Cardinal this past year is not new. It has been going on for at least the past 3 years. Until Cardinal actually follows through with a business plan, with actual evidence, actual revenues, real assets etc I wouldn't advise anyone to buy. If CEGX figures it out in the next couple months sure buy as many shares as you like.
So to clarify: Patience... patience... patience.... This stock fly high really fast?
They better be releasing financials in the next couple weeks along with some useful PR's with actual substance. I'm getting really sick of waiting around for years and literally nothing happens except for management telling investors that everything is rainbows, peaches and candy drops. Either do something or shut it down.
What did you "call"?
Why do you believe the stock price will be $1 per share?
What time frame? End of summer? End of the year? Next year?
If I were you I would dump it, be gone and never look back. Most of us have to wait for this pile of trash to be worth multiple pennies/share to even consider dumping it. What a disaster of a company and management.
Paul Carlisle- The crown jewel and his SIGNIFICANT revenues rolling out the door?
Check out how this Tim Crawford quote has aged: “We are pleased to announce the acquisition of Eagle’s assets as these assets will generate significant revenues to the Company. However, the jewel of this acquisition is the many years of experience that Paul Carlisle brings to Cardinal”.
What a giant waste of 250K and 1M worthless Cardinal series B shares. Lol
LOL! Only made it 9 months? Who is next to jump on the sinking ship of lies and fraud?
I'm willing to bet 99% of investors cannot wait for the stock price to pop up so they can dump all of their worthless shares. Based on the comments and activity on this board, its obvious no one really cares about the company or their future plans. How can you blame investors? The management continuously lies and promises Berkshire Hathaway when in reality a 1st grader's roadside lemonade stand would be more profitable for investors. The management are the only ones really making money while screwing over investors. Its very sad to watch/listen to all of the failed promises and lies especially in this oil market.
"Next week" or "by the end of the month" the two phrases that literally have zero meaning thanks to CEGX's incompetent management. How interesting, they conveniently keep moving the deadlines further into the future. How shocking!! No one expected this sort of activity! Originally, management told us they were going to be current last July/August (2017). We are knocking on door of the one year anniversary of the beginning of the new management's compulsive lying. This reminds me of something... oh ya, the old management. This isn't that hard folks!
Its the life of a CEGX investor. Waiting.... more waiting..... listen to some lies... keep waiting.... listen to excuses.... wait some more. "Maybe next week".
Thats about the only realistic option. Finish cleaning up Genius Tim Crawford's dumpster fire then sell the shell to another business who "manages oil leases". The amount of flat out lies and non-transparency has ruined any hope with investors and CEGX Mgt doesn't seem to care. Watch what they do... not what they say.
Its been several weeks since I spoke with him. All he said is the financials are completed, but Cardinal is trying to verify the information(whatever that means). At that time, he wasn't allowed to comment on specific topics related to the company. That might have changed since I last spoke with him.
Try calling the phone number on the website. I've spoke with Gary on the phone several times.
Its hard to share info when "the info" is speculation mixed with hopes, dreams and CEGX management telling people the stock will soon be $3/share. Did you get a hold of Gary Peterson? Did he offer any new information?
Its been 9 months (conservatively) since we were told PR's and financials were right around the corner.
As another week passes:
zero news.
zero data.
zero financials.
zero responses to emails.
zero communications.
We are left with 100% speculation with zero evidence or data.
How shocking!!!!! Well thank God there is always next week....
The only thing that can potentially be predicted is CEGX's financials being completed within the next month or so because their accountant actually responds to questions. Predictions of CEGX all of the sudden becoming an overnight 50M - 100M dollar company with a stock price of $1-$3 in X number of months is pure speculation based on hopes/dreams. Maybe the new thing to do is simply speak your company's valuation into existence? Forget having millions in assets with millions in revenue to back up valuations.... "CEGX is worth 100 million and $2/share just because we said so!!!"