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236T568

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Re: gitreal post# 111794

Monday, 08/22/2016 1:59:39 PM

Monday, August 22, 2016 1:59:39 PM

Post# of 220817
CDNL current price is $0.0111

and the initial tranche of the financing was claimed to be at $0.10417







https://www.sec.gov/Archives/edgar/data/1520668/000144586615001446/cardinal8k12152015.htm
The first tranche contemplates the issuance of 36,000,000 shares of common stock at a purchase price of $3,750,000 or $0.10417 per share.



CDNL (Cardinal Resources) announced a share buyback program which would be funded by sales of shares. How does that make any sense? And is it legal under Nevada corporate rules?

http://ir.cardinalres.com/all-sec-filings/content/0001445866-16-002015/cardinal8k05052016.htm?
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