Cardinal Resources Inc fka CDNL

[Burnt before]

I offer this as exhibit 1 note the underlined, that is why you will never get the last word. This is the CDNL board , lets keep on subject.

Nope, none of the above. I find it entertaining, and learn something new with each one. Each has their little twists and turns. But they usually end up at the same place.

My curiosity is piqued by this Chinese deal. What happens to the $1.1 million if the deal falls through at this point? I don't see a clause in the contract that says they get their money back. Maybe I missed it. Or maybe the money never changed hands. What do you think?

What do i think? i think It also contains poor DD as anyone who looked into CDNL and the SPA will know the Chinese received 11.16 million shares for the $1.16 million , should this agreement fall through that will be what they take away.http://ir.cardinalres.com/press-releases/detail/88/cardinal-resources-receives-initial-1-1-million-tranche. Also CDNL got money from some where as the FAB debt was settled at $280k so money changed hands somewhere. http://ir.cardinalres.com/all-sec-filings?page=1#document-9572-0001445866-16-002140

Now not everything-is rosy in the CDNL garden, i have a couple of concerns aside from the continuing delay in the financials, in regards the SPA it could just
be arithmetic but it is curious.The original SPA stated Chinese were buying at $0.10417 per share so 1.16 million divided by .10417 = 11.135 million so 25K less. maybe rounded for us simpletons or it was $1.162 million received. The other is a bigger number original SPA $7.5 million split in to two =3.75million. Then the first tranche was broken into 3 equal parts but first payment was only 1.16 million x 3 = 3.48 million, that makes $252k less, curious. Again it all comes down to lack of being current and not seeing the facts and the figures in black and white. Really cannot get current soon enough, then perhaps we can move forward instead of this treading water for months on end. All this time delay at least means CDNL has had some serious scrunity over several months now. Nothing major has been unearthed despite the voracity of some to dig dirt so that is a positive i would say.
GL