Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Nothing is going on as usual! Just waiting for the next Cardinal fabricated story. Just silence. We would all love some real information.
I would hope so! No one can still think these guys can be trusted or legit.
yes I think the links and video say it all. What clowns. It shouldn't matter what they announce they are still the same clowns that cant finish filings, put out updates, run a business and lost all the leases and wells. Need I say more? Making comments like "big news to come" doesn't compare to the info we have provided. Cant wait for this amazing news after all this time and horrific management.
Yes they were the original lease owners that Cardinal bought the lease from. How ironic! There is so much collusion with Cardinal its ridiculous and it finally caught up with them. Bluff Creek stuck it to them. At least someone did.
Yes listing a business address and actually staffing and running the business from the physical location is a lot different. Their website doesn't even have pictures or staff listed. The list includes the ever rotating door of "executives". What a joke. I knight you "Executive VP of Relations". See how easy it is to be an executive at Cardinal. Just throw a title out there and it means something. Do they really think anyone believes them? Do they talk to anyone but themselves?
Article is from 3 years ago. Useless. The facts are the company raised money and lost it. They have no leases or assets and aren't updating investors and years behind on fillings. This isnt "rumor" they are facts. Non of us are working for iHUB. Cardinal did all the damage themselves and made it look easy!
I am curious if they even have an office. Who is even at the office? It has to e a ghost town. What would one do if they worked at Cardinal's office? It would actually be a pretty sweet job. If anyone lives near would love to see actual pictures of this "office" with Cardinal employees inside doing work.
For sure! They don't have any leases and haven't pumped oil in months. They weren't pumping even when they said they were. No updates, filings or assets. Again, what are they? Who are they? All they have is a shell. Thats it. Thats their play. Sell the public shell to any bidder.
No kidding. Just weeks ago there was so much excitement! So many with insider information direct from Cardinal. Now nothing? What has changed from then to now? Nothing! Just what we said would happen.
We would all love to know. There is no reason they cant put out an update and complete financials. The only reason they don't is because they don't want to. No other reason. Its not hard. We will be having this same discussion 3 months from now!
Can anyone enlighten me as to why they want to keep this worthless company afloat? They have no money/assets. They have failed at everything they have done and lost all their leases. No one would hire them. What are they up to?
For sure. What happened to Fairtrader? How about any of the happy investors?
They are pathetic. When they took investors money they were very responsive. Now nothing. Classic scammers. They aren't even trying to defend themselves or prove everyone wrong. I have heard they switched to another new accountant and auditor based in Utah and "in the process" of transferring the financials so they can complete. Sound familiar? Doesn't sound like they are planning any fillings in the next decade for sure.
Guys, they shift from accountant to accountant and auditor to auditor. They raised a bunch of capital and lost it ALL with bad business and overpromising. They set up their projects as a pay me now, in the middle and end scheme. If there is any money left an investor might get paid if it survives poor business management. We have heard they are now only in the consulting business. Consulting for what? As I have said, who in their right mind would ask their advice? Another scammer thats who. Since their stock is worth less than a penny might as well ride it out, but buying more is a bad move. I would love them to succeed so everyone could get their money back, but all they want is theirs first. They couldn't care less about the rest of us. Its a damn shame that they can't man up and actually communicate with the people they took money from. If your buddy borrows $2 mil from you and he stops calling and goes dark what would you say? Confident he was good for it? Nah. Just my 2 cents since I unfortunately know these guys. I wish I didn't, but too late for me, not you.
We have all been waiting for the CEGX supporters to get in touch with their insiders for information. Everyone in the know have disappeared. I did hear they got another new auditor. How many has that been? I am sure thats the new excuse. No millionaires yet!
Agreed. What a bunch of clowns. Even if they make an announcement or get current, who would believe them? Its been a bunch of lies and nothing will change. The question is, why do they even want to keep Cardinal afloat. They own nothing, failed at exploration and drilling and totally mismanaged funds. What are they up to? Why? Don't say "consulting", that's BS. There is no one on this planet that would hire them to consult unless they are scammers as well.
I agree with both! They are definitely reeling from the disaster prior management created. There is a lot of missing money and lack of invoices/receipts. They weren't paying anyone for the work they did and each auditor that looked at the books we like "no way I am not signing off on that". I cant believe any of us will believe the financials anyway.
Sure has gotten quite out there. I haven't seen any comments from pro-Cardinal members. Still no real updates from Cardinal. Just curious if we have remaining supporters out there with helpful info.
I believe their cost was around $20k not $70k per well. If so, this would support they were just going through the motions to report they "completed" all the wells per their obligation/contract. There is a HUGE difference between work completed properly and scam work.
There are a lot of unanswered questions. Cardinal wont answer emails or calls. They won't put out financial info or PR. Who would hire them to do anything when they lost everything by negligence and fraud? They own nothing, have no experience, destroyed everything they touched and dont know how to run a business.
I really appreciate everyones knowledge here. This information is very interesting. It sounds like we may be getting some answers as to why Cardinal lost everything. Maybe they never intended to pump oil? Maybe it was windy dressing? Time will tell.
Thanks for the input. Pretty sure Cardinals 1 barrel a month falls a bit short! Remember they are now consulting others how to make money drilling oil. What a bunch of real losers.
Correct. None of the supporters here really knows Cardinal or management. They may have communicated at one time and been fed a line of BS. Thats all Cardinal has is BS. They are no action. Pretty sad.
They can print any crap they want. Do they list all their failures? Do they list what the mergers were? Will they provide accounting of where the money was spent? Someone needs to explain how a company takes millions of dollars from investors and doesn't have the decency to update stockholders and capital investors. They wont even answer the phone or reply to emails.
Also, why merge? They dont own anything and have lost millions with no accounting of how. There is huge suspicion of fraud and they are being investigated. Any company that would touch that with a 10ft pole is just as much a scam as Cardinal.
I saw that as well. Its either an exit strategy or timeline for implosion!
Thanks, more solid info. Very interesting and even more concerning as to how/why they lost everything.
Where did they spend all the money? Other than a website what do they own? What do they offer? Nothing. Awhile back someone stated they were no longer in exploration/drilling but consulting. First, they failed at exploration/drilling and have nothing left. Second, who would ever hire them to consult? Its all BS. Cardinal has been and is up to something and they wont tell investors and shareholders anything. I can assure you if I called them ready to invest money, I would get a quick call.
Still waiting from Cardinal supporters. Crickets.
Nothing from Cardinal. No surprise. They continue to delay as long as they can. The ONLY reason there hasn't been any real announcements or filings is because they have NOTHING. Crawford has been kicked to the curb and they still operate like he is there. Nothing they are setting up will be for the benefit of any investor. It never was or will be. If you research the board you will see this isn't their first scam. Their Bios are full of fluff
The Bradford investors have asked for a conference call regarding their investment in the Bradford. We want to know where Cardinal spent over $2 million that was invested in the Bradford. Wells were not completed, oil never pumped and access to financials denied. I have asked for the finials for 2 years and been denied. I have an active lawsuit against Cardinal, CEGX, the Board and Crawford. Has any of that shown up in any of the filings or their "updates"? No. How many more lawsuits are there that they haven't reported? A lot.
Only the people posting warnings of these scammers have provided any real evidence. We have supported with fact after fact. The supporters have provided nothing but hearsay. I would love any supporter to provide some real information that can be verified. Otherwise, its a one sided argument. In fact pretty much every Cardinal supporter has disappeared because they no longer believe the company is legit.
Agree. They are all scammers. There is no way they paid Crawford for "consulting" work. They just played him. He is too dumb to even realize it. They kept him on long enough for him to hand over the information they needed and then kicked him to the curb. He is worthless. Big talker with no substance.
Yes I believe several on this post know exactly what we are talking about. 2018 will be fun to watch. I am cooperating anyway I can to make sure any current and past CEGX execs that were involved in this scam get exposed and legally prosecuted. Bad news for them is I will never go away until its done and willing to spend the capital to make sure. We are not too far away now.
HH, its because legally they are in deep. There were post asking questions and info sharing they didn't want people to see or answer. They continue to pretend no one is asking questions. They think if we dont have access they dont have answer questions. I know several investors that have contacted Crawford and the other board members. All they get is we can't saw anything. Something will come out soon. They know exactly what is going on but don't have any respect for you and I to run there business properly.
Can anyone supporting CEGX post real accurate info? All we are getting is "hang in there, its coming". I am glad everyone is so positive. I just wish CEGX was our fiduciary. They are not. Listen, Crawford flew down to meet with me before I invested. I unfortunately believed his BS. For over 2 years he would tell me the same BS and I asked for basic financial info which he would never provide. As I have stated before, I own NO penny stock or "shares". I am a large capital contributor. So, I am speaking from direct experience. I am speaking from seeing failed promises and action. Understand, Crawford is a crook. If you talk to anyone that has done business with him you will not find a good thing said. If you think he isn't still involved with CEGX your wrong. Its window dressing. There are significant legal reasons for this. Reality is he has a good chance of serving jail time in the very near future. This is real. So, if anyone can provide real info that disputes what is accurate and known then please do, because all we want is our money back that he stole. Reality, money is gone and no one will be able to provide real accurate info to support this crook and sham of a company. Trust me, I am on your side. I want them to succeed, because without their success no one gets their money back. So, I am waiting like everyone else to see results, not hearsay.
I have about 100 questions for CEGX, but no one will answer them. They haven't answered anything. All they have done is delay. 37% of 0 is 0. Every time they promise something it doesn't happen.
Making a BS management change doesn't mean anything. They run in the same circles. Cut from the same cloth. I want them to prove everyone wrong. We have posted numerous questions on this thread and none have every been answered. I know they are on the thread but don't have enough respect to answer.
Do you mean implode? These guys are scammers. There is no news here. All they have done is announced Crawford is out. Since he ran this into the ground that was an easy decision. They don't have anything. Oil prices don't mean anything if you have no leases.
Doesn't mean CEGX knows how to do anything with it. They are broke. They scam. We are another week into Jan and still nothing. Not a peep. These guys are not legit.
We have been told over and over news will come out. They aren't even updating their website and took down their FB page. How/why would anyone believe anything these guys say if they cant perform simple business duties. Anyone who thinks these guys will legitimately come through and perform fiduciary duties for their investors is either nuts or part of this scam. CEGX is an embarrassment to themselves. So, it won't matter what these guys say, until they pump oil and distribute returns there is nothing to prove. They need to forget about consulting because they will fail at that as well. Everyone of the executives involved have more failures and scams than they do success.
Well take that to the bank! Their word is as good as gold! Ridiculous. Can anyone who has been supporting CEGX have anything to say at all now?
Another stupid lie. How many auditors, CPAs etc have quite? They either aren't getting paid or see what a disaster CEGX is and refuse to sign their name to it. I think its both if they even have an auditor. What a bunch of clowns. I have never seen a group of people so pathetic.
Is anyone surprised? All these guys have done is lie. It is not hard to type an email like we are doing. Its all lies and it continues to make them look dumb. How do they sleep knowing they are posting lies and stole money? Pretty pathetic humans.
So true. Just so many delays and lies. Expect nothing of substance. I agree, the only hope to survive is to sell the shell. There is nothing else left and all involved are worthless.
Are you trying to get in touch with CEGX? Just call Ford. He wont give you any useful information. Same as the rest of them. Why in the heck would he or anyone want to deal with this disaster? Whats in it for him? CEGX will never pay him a salary. They will pay him in useless CEGX shares. Trust none of them.
Yes. Why is so hard to update? Stop hiding behind the excuses and just put out an accurate honest update. What kind of company doesn't update investors and shareholders? Could you imagine if Apple, IBM or other legit companies just went silent? Why? Because they have nothing but lies to provide us. There is nothing positive going on or they would update immediately. They are such a joke its sad. Stop quoting "the VP said" and "from the company". They are full of BS.
You are right! I am too. Lets buy. CEGX is good for it. They know what they are doing. Look at all their success. They are doing a great job updating everyone. What positive feedback they have gotten. They are no longer selling oil because they are focusing on exploration and consulting. I am sure with everyone lining up for their advice stock prices will soar. Its a no brainer.