Cardinal Resources Inc fka CDNL

[dave86]

Doesn't mean anything if they don't issue any out. One would look at them not even being close to the 300 mil they are authorized now so why would 1 bil be of any concern at this point.


Currently, Cardinal Resources has 300,000,000 shares of common stock authorized, of which 142,234,632 shares are issued and outstanding. As a result of the Authorized Shares Amendment, Cardinal Resources will have 1,000,000,000 shares of shares of common stock authorized for issuance, of which 857,765,368 will be available for issuance.