Cardinal Resources Inc fka CDNL

[nonewname1]

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,

http://www.journalofaccountancy.com/issues/2003/sep/howsarbanesoxleywillchangetheauditprocess.html


"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."

The point is auditors are independent and often take more time with smaller companies, for the reason above and because they are probably further down on their list of important clients. This might be why companies with smaller market caps are actually given MORE time to finish their audited 10-k's, not less. SEC gives companies like this one 90 days for that, and 45 for each Q.


So how much time do you think it should take a newly hired CFO to complete two restatements, an audited 10k and two Q's to the point where they are ready for a JV, as well as potentially uplisting? Add up the time the sec would normally give a company to do that (180 days, not including restatements). The CFO was hired 3 months ago, (90 days), It has taken longer than expected, but I think we'll see financials soon.