Cardinal Resources Inc fka CDNL

[Waychoff]

Other note holder may be converting, with a fear of paying the debt off early who wouldnt take the shares now minus interest to get 40%+ instead of 8 or 10? Either way the only notes from last year till now equal roughly 30 mm shares, so someone is either converting early or routing through a known dilutor and flipping to give the impression of dilition. The aggression BKRT leads me to believe CDNL approached them with a buyout option and they are trying to finish up, same for VNDM yesterday that was a very aggressive 6 mm dump and now they are sitting way back. Anything that happened the end of last week could be 8k as late as Thursday. There have not been 100mm worth of notes converted, there aren't that many notes currently to do so. Some people are trying to scare holders into dumping below where the notes are converting.