Cardinal Resources Inc fka CDNL

[nonewname1]

Yeah as per KJ's recent tweet/reply,

I'll be so happy when there out. The K will look like the 3rd Q as the subsequent events covered the year. Not good.

he is basically telling us how the 10K is going to look based on the subsequent events section of the most recent Q.

"Not Good" refers to this,

After the September 30, 2015 quarter ended, the Company issued 80,208,415 shares of common stocks to convert debentures and interest at various conversion rates.

Expect a lot more debt conversion to show up in the next Q, but with some signs of life, like he said in the next tweet/reply:

1st Q will show slight improvement but still debt etc based on investment timing. Revenue was beginning to improve

The reason I say a lot more is because he also recently stated the OS is around 500 million. This seems high and I can't figure out if it includes, like, maybe the 160 mil that the former president submitted for cancellation or something? I don't think so, but thanks to anyone who might have any input on why the number is there, from where it was in the most recent Q.

That being said the good news is they now have cash to pay off debt before it is converted, to the tune of almost half a million already, and are moving forward with the previous business deals/opportunities.

So hopefully we can all be more balanced in what to expect when the 10K and Q's come out, and why we are looking forward to the future, with cash and contracts in hand.