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ICRD MJ stock with 24 mil float, 110 a/s 36 mil o/s.
ICRD MJ stock with 24 mil float, 110 a/s 36 mil o/s.
ICRD MJ stock with 24 mil float, 110 a/s 36 mil o/s.
Agreed, as people do their DD on psoriasis they will realize why the company has
Did everyone do their DD and find out how expensive psoriasis treatments can be? Just this product alone could mean pretty big money for this company considering we are trading at a 3-4 million market cap.
Also has anyone been able to find any other public companies with a truly clinic approach to mj treatments? I am wondering what their market caps are.
This is the DD package that should be stickied, but add in the possibility of orphan drug status, the last note being converted, and the deal with medmar.
Right, on both accounts. Like I said I think he is stubborn, I actually hoped you would convince him of that if you guys talked. I understand your reasons for not wanting to though.
And by the way I did get my degree is in accounting but I am not an expert in public accounting or auditing, I just know that most people underestimate all the BS companies have to go through.
This is probably what he should have done, get us the restatements first, and it's a legitimate question that we should maybe all ask him for. But in reality would the restatements change anything? People would say the same stuff until they got the 10k, and even then probably the same exact stuff until the 2016 second Q was released showing the first tranche of funding coming in. That's the one we need. We already have 8k's announcing the JV as well as 8k's showing debt being paid down.
I just see his stubbornness in this, he doesn't like being called a scam artist and has been getting tons of disrespectful tweets from, frankly, total morons on twitter all year, but you can and should see me projecting that onto him and question my clarity.
So you think both KJ, his wife, and the Chinese people in the video are in on it? Think about it, all three groups would have to be in on it.
Question, did you know that under rule 144 debt holders aren't allowed to convert debt into shares if the company isn't current on their information? The dilution stopped here around the time the company stopped reporting, but was hitting (really) hard before that. I wasn't here for it but,
I think KJ went dark for that reason, and when it came time to turn the lights back on he found out how much time is required to get the books in order for a JV like this one. I saw a post earlier where you said you thought the auditor stuff was BS. How much do you know about auditing since sarbanes oxley was passed? Auditors having to very internal controls and things like that, from another post,
It's not endless contracts in China. The water market worldwide is a 600 billion dollar industry, but Kevin thinks the niche market we compete in is only about 60 billion, and I feel like that is probably generous and includes a lot of forms of water supply that redbirds won't meet. Maybe he has plans for other systems.
His dream is to bring water to these rural communities worldwide, to run a big water company that does that, he wants to be a world leader.
It wouldn't be anything of substance it would just be concerning the permit process and the small amount of work they've done for a company that is our smallest client right now that we may or may not sell one unit too.
Why would you be in doubt there are any more payments coming? That was them inspecting a unit today, having manufacturing set up and the delivery of a unit was listed as one of the necessary parts or moving the funding forward.
I agree, it's a delinquent company and that's why there is a big risk, and therefore a big discount on the price of shares.
You didn't answer my question about finding another scam that was this elaborate. Seriously watch that long video from today, have you seen anything like this is pinky land? Most of the time you get defunct web pages and non existent office locations. Nothing like that here.
You haven't done you DD here, you refuse the CEO's open invitation to talk about any of your concerns over phone or internet, and your attitude is obviously guilty until proven innocent so I don't know why I'm answering your questions. An RS is a part of the plan. At that point we would be a debt free company with 5 million dollars in cash and, at the very least, a contract with the Chinese government for 80 redbirds. The same thing will happen to our shares that happens to KJ's 43 million shares. Half a million dollars of shares he currently has invested.
Did you watch the whole 37 min video today? You called it shaky as if that has anything to do with anything. Do you know who the people are in the video? The same people HSVW that are in the pics from last month, and 6 months ago from the trip to China. Here they are at the bottom of this post,
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124823208
They are obviously in on the scam as well no?
What about the female? That is Kevins wife, Microbiologist and the one who does most of the work with PureEarth. Here is a picture of her on their website for a project where pureearth partnered with Cardinal to clean up pesticides. She loves saving the world and then coming home to defraud investors and risk tons of jail time!
http://www.pureearth.org/project/assessment-and-cleanup-of-contaminated-sites-cameroon/
http://www.pureearth.org/who-we-are/tech-advisory-board/
Then of course we have Kevin who scammed his way onto the Western PA district export council again this year,
http://2016.export.gov/pennsylvania/pittsburgh/westernpadistrictexportcouncil/index.asp
Find me a single scam that was this elaborate, please, educate me, you know so much about them.
gitreal it would be great for us if you would be willing to accept Kevins open invitation to discuss the project here, (notice his explanation for the permit situation)
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124791164
I know you have no personal reason to and may not have the time but you might email him your concerns if you felt like helping us out.
I am concerned that he really doesn't know that much about VAST or that he knows about the lawsuits but never really looked into it/ accepted the ceos explanation that there was a smear campaign but really just kept his head down and did whatever legitimate work they were being paid for.
I also think he has probably never seen that second document (that could have been easily forged but either way) on the scam website that values the congress tailings at two billion dollars.
Thanks, I too have always thought that Kevin is honest but I just think it's important to draw this issue out now and get it out of the way before it spreads. Kevin seems kind of stubborn in that way and I think he will be glad if we get him to take care of it.
I am definitely sick of it but it very much has to do with Cardinal given USAR possibly was/is misusing their reports making us look bad.
There must be a reason KJ was willing to sell them this unit, he must think there is a huge opportunity in this area or that it will get things going for Cardinal in the US.
I'm glad you got a response, thank god, I have been asking him this stuff. I would also like to see the original valuation Cardinal did on congress. I mean just look at this report from vast that values the gold in the tailings at over 2 billion dollars,
http://usarmininggoldscam.com/improved%20value%20report-Congess%20mines.pdf
There is another one that values it at only 23 million dollars.
http://usarmininggoldscam.com/VastMountainDevIncProspectusCongressMineTails2011.pdf
Vast is/was obviously misusing Cardinal's original valuation and Kevin frankly needs to disavow himself from the company. I don't see how it could be worth the sale of one unit.
The only explanation would be that the lender that was running a smear campaign somehow forged these documents but still even then why is Kevin involved? It looks terrible and he shouldn't still be doing business with them.
Where are you getting the .14 oz per ton? I only see a mean of .04 at the bottom there.
The outrageous valuation is this other one here, where it lists the value of the gold at over 2 billion instead of the 23 million,
http://usarmininggoldscam.com/improved%20value%20report-Congess%20mines.pdf
Vast obviously is/has been misusing Cardinal's original report.
I think you might be nearing the truth with this one. If I had to guess I would say they did he original report, VAST lists Cardinal as a technical advisory because of that and because it brings maybe at least some credibility where there is none anywhere else.
KJ probably hasn't thought about it much in years until he saw an opportunity to get a unit installed in the US, make some money, (that the company badly needs right now since the funding has been slow to get through China's regulations) and help with the build out of the manufacturing process (he mentioned this somewhere, although I'm not sure exactly what it means).
I think the truth is in the grey area here, unfortunately for us since we most of us consider KJ to be very honest, if not lacking in CEO skills. He should have disavowed this company back in 2006 or whenever he realized what they were.
I hate this but can't bring myself to think KJ is scamming with the redbird, he has put in too much work for years around the world, fighting the exim bank to be reinstated, etc. He would have to be an absolute dirtbag to fake the stuff he's done and I just can't see it, especially since dilution stopped in April and KJ has never sold any of his 43 million shares, many different factors.
Yeah, I don't know the sec never took any action and Vast did supposedly win a 50 million lawsuit against a hostile lender that was running a smear campaign, getting those states to ban them from selling securities might have been a part of it, but I obviously admit it doesn't look great being involved with him.
Do you have anything showing the SEC taking any action? You would think they wold have if any of the stuff in those documents was true.
You once said the valuation on the congress mine was outrageous, here is the only thing I can find that mentions Cardinal, is this valuation outrageous?
http://usarmininggoldscam.com/VastMountainDevIncProspectusCongressMineTails2011.pdf
(pg 4 table 1)
What do you mean they are not listed as a registered firm, you mean on the AZBOTR? They have to be listed individually and the firm needs to be listed?
Or do you mean it's not enough to be listed as a foreign corporation they need to be a registered firm IN Arizona?
How do you know it was cancelled years ago? Where did you get that from? It has a question mark.
? You said why did he run to her, he didn't, that was a response she wrote to someone else, he re-tweeted it.
And as far as the documented securities scammer thing goes. Vast won a 30 million dollar settlement against a partner for running a smear campaign against them to try and take over the company. They of course were unable to collect. I've seen the court documents online. Do you really know the whole story there? Who knows what they did but if they were at least in partial control of the company, I mean do you know that much about that case?
Everyone check this out, verification of cardinals registration in AZ and a lesson for trusting anyone on the internet, even if they are an expert.
Cardinal has been in the environmental consulting business for a while, they have more than one employee.
Look at the page where Cardinal is listed as a foreign corporation. See the address listed there?
http://ecorp.azcc.gov/Details/Corp?corpId=R13029468
Again, please, understand. The most important thing about auditors is that they are independent. Kevin can not push them. Please look up the sarbanes oxley. It was put into law as a response to the Enron scandal and auditors not doing their jobs. Any attempt by any company to push or manipulate auditors in anyway is inappropriate and possibly illegal.
http://www.journalofaccountancy.com/issues/2003/sep/howsarbanesoxleywillchangetheauditprocess.html
And while you might think the audit process should be shorter for smaller companies, often the opposite is true,
"Smaller public companies may face unique problems in complying with section 404. Frequently these entities have less extensive documentation of their control processes. Further, they may not have the same levels of accounting or internal audit capabilities as larger companies, which could require relatively greater external auditor involvement in preparing controls documentation, within the independence constraints described above, and a proportionately greater increase in audit engagement hours."
I'm not saying I know exactly how long it should take, just trying to help people understand the process and what might be happening. Auditors are independent.
Yeah, I think to avoid the painful circular logic we have all been dealing with on this board we should put a disclaimer on all posts that say that. I am perfectly happy with people waiting to invest. I just think this stock deserves some eyes on it.
By all means ask him again but he has already answered that his lawyers advised to keep it that way, which probably means he's not going to talk about it. For what it's worth he has tweeted the share structure, 548 million shares, but said that does not include shares returning to the company and that he is, with his lawyers, looking into releasing the updated numbers before we get financials. I doubt that we will get them before though so,
Again it comes down to filings coming out to verify, if you are concerned, maybe don't invest until we get filings.
#44 breakout boards guys lets keep moving it up. I think this is stock people deserve to take a look at. Water for third world countries isn't a bad thing, and at the very least investors can keep an eye out for verification in filings no?
You guys are essentially agreeing with me, which is fine as long as it brings more investors here so they can make their own decisions.
It's a great decision to wait until the filings come out. Keep an eye on this stock. If/when the second quarter Q comes out showing the initial 1.1 million dollar tranche of funding from our partners, that would seem to verify everything here.
DD for investors to review while they wait for filings
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124225196
Keep it coming guys, #46 on the breakout boards now, this way new investors can listen to your concerns, do their DD and make their own decisions,
DD links for new investors,
Facebook (for company updates)- https://www.facebook.com/Cardinal-Resources-Inc-CDNL-131765917547/
Twitter- https://twitter.com/krjcardinal
Filings- http://ir.cardinalres.com/all-sec-filings
PR's- http://www.cardinalres.com/media-center/press-releases
Important PR's - http://www.cardinalres.com/media-center/press-releases/detail/85/cardinal-resources-inks-7-5-million-equity-financing-with
http://www.cardinalres.com/media-center/press-releases/detail/88/cardinal-resources-receives-initial-1-1-million-tranche
Patent for the Redbird- https://www.google.com/patents/US8366936
Kevin Jones (CEO) with congressman Mike Doyle (export achievement award) 2011- https://doyle.house.gov/photo-gallery/district-2011
Local PA article in 2013 - http://www.business.pitt.edu/katz/sites/default/files/2013%20PA%20Gobal%20Compass.pdf
Video of the CEO on Nigerian local news, (lower left hand side)- http://www.cardinalres.com/media-center/videos
Kevin Jones (CEO of Cardinal Resources, is invited to the white house to talk about the US EXIM Bank
(The EXIM's 5 month black out period delayed financing for the 28 million dollar CAMWATER project) -http://finance.yahoo.com/news/kevin-jones-cardinal-resources-ceo-100000234.html
Kevin Jones currently on the Western PA Export Council- http://2016.export.gov/pennsylvania/pittsburgh/westernpadistrictexportcouncil/index.asp
More articles featuring Kevin fighting for the EXIM's reinstatement in 2015 - https://piie.com/blogs/trade-investment-policy-watch/foreign-policy-case-reviving-ex-im-bank#_ftn4
http://exportersforexim.org/2015/10/job-creators-in-pennsylvania-hurt-after-100-days-without-ex-im/
Cardinal on the Technical Advisory Board for Pure Earth, (Large NGO with 90 projects in 22 countries, search for cardinal resources)-http://www.pureearth.org/who-we-are/tech-advisory-board/
Pure Earths website on the recent project with Cardinal in Cameroon - http://www.pureearth.org/project/assessment-and-cleanup-of-contaminated-sites-cameroon/
Report on Panama project, (including lab tests and report from Panama's minister of health)- https://drive.google.com/file/d/0Bz9E0gaJ6VeeY2tObmxFTDZGSzQ/view
Pictures of the CEO doing business, (scrolling the facebook page) - https://www.facebook.com/Cardinal-Resources-Inc-CDNL-131765917547/
8k's of the CEO paying off debt after getting the first 1.1 million tranche of funding from HSVW,
http://ih.advfn.com/p.php?pid=nmona&article=71650200
http://ih.advfn.com/p.php?pid=nmona&article=71709099
CEO owns almost half a million dollars in shares, and continues to buy shares on the open market, buying 20k worth recently- http://ih.advfn.com/p.php?pid=nmona&article=71541408
He isn't silent at all, he communicates with us quite a bit. I know you really, really hate twitter Joe but if you invested in penny stocks more often you would understand that out CEO is extremely communicative and actively engages us compared to other small cap stocks. He even makes a point to respond to people on twitter who are extremely critical and disrespectful because he wants to answer our doubts.
Great point which is why I said this,
Haha, you have so, so few trees to bark up here, what are you saying on this one? That it's scary that Kevin doesn't have an MBA? OOOooOO
He will soon have the money to hire all the lawyers, accountants and consultants he needs. He is enough of an expert that he was invited to the White House to talk about international trade and the EXIM bank.
http://finance.yahoo.com/news/kevin-jones-cardinal-resources-ceo-100000234.html
And he's on the Pennsylvania District export council,
http://2016.export.gov/pennsylvania/pittsburgh/westernpadistrictexportcouncil/index.asp
Come on we are probably almost on breakout boards...
DD for new investors:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124225196
Let's keep going until we are on the breakout boards list! I'll go with you all night, as long as investors get the honest DD on this stock to make a decision for themselves.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124225196
Then investors can wait for current information if they want too. We are all here for the huge discount. And because we did our DD,
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124225196
Yeah the argument gets pretty thin when you try to imagine a microbiologist, and a geologist, who are proven to have, very recently, helped a huge NGO (Pure Earth) with an environmental cleanup project, would then turn around and risk jail time to defraud investors? This is the same guy who is on the board of the PA export council and was invited to the white house to talk about the EXIM.
http://2016.export.gov/pennsylvania/pittsburgh/westernpadistrictexportcouncil/index.asp
He also won awards in PA, here he is with a local congressman winning an award for this company,
https://doyle.house.gov/photo-gallery/district-2011
It just doesn't add up.
There is no argument here. Anyone who looks over all the DD (see link below) see's a company Kevin has been actively building (around the world).
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124225196
The risk involved here and the reason there is an opportunity for such a large gain is the financials not being out yet. We all know that, it's what we have invested in, everyone just needs to look over the DD themselves and make a choice.
Or just wait until the financial are released to invest!! Should be very soon.
Have you really been here for this long and didn't know his wife, Barbara Jones, is a big part of this company? Really? Here she is listed as a technical consultant (with Cardinal Resources) for a non-governmental organization that has over 90 current projects in 22 countries worldwide.
http://www.pureearth.org/who-we-are/tech-advisory-board/