Wednesday, July 12, 2017 3:24:12 PM
Read this 8-k, and the 8-k/a...
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11929321
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11939370
CDEL, as we've talked about many times on this board, is most likely PFM (Phoenix Fund Management), the Florida hedge fund. He went away for a while, but appears to be back now.
If CDEL was never around, this stock would likely already be way way higher. He keeps putting a wall up with his shares. The court ruled back in February that PFM will not be allowed to own more than 4.99% of the company. Because, altogether, PFM has been issued more shares than 4.99%, PFM has been selling off. No idea how much longer CDEL will be around.
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