Cardiff Lexington Corp (CDIX)

[Long-N-Strong]

https://www.otcmarkets.com/filing/html?id=12927539&guid=5LNZU6jkCHor63h

Read the financials. We knew that ~68 Million shares had been issued for debt paydown. Those shares have all been converted and sold into the market now, which is why VFIN is no longer holding this down IMO.

Stock Issuances:



Subsequent to June 30, 2018 68,056,520 shares were issued for debt conversion, interest and fees, of approximately $266,000.

The company is working with friendlier financier's now than they were in the past, according to management. If that is the case, we should not go through similar conversions in the future. It will also make it easier for the company to fund larger acquisitions in the future IMO.

https://www.otcmarkets.com/stock/CDIX/news/Cardiff-Lexington-Corp-CDIX-Updates-Shareholders-on-Debt-Restructure-and-Future-Acquisitions?id=198962

As of today, the company continues discussions with multiple investment banks and various investor groups that would take over the remaining company debt on terms that are more favorable to Cardiff Lexington. These various entities have seen Cardiff Lexington's financials and current asset holdings, met with management, and aware of the impact our recent acquisitions and pending mergers will have on the Company. As a result, these entities share the Company's perception that valuation deserves to be substantially higher and appear eager to help the Company emerge financially stronger, enabling Cardiff Lexington potentially to become a future uplisting candidate to NASDAQ or the NYSE. The Company is working to have a debt restructuring in place shortly with one of these entities which will slow and hopefully stop the current dilution to the share structure and end the shorters’ manipulating damage to our share price, while at the same time allowing investment companies to work with Cardiff as our partners who are interested in our long-term success. Once in place, the new financial guidelines for debt that the company is enacting will be the means by which future Company acquisitions and company operations will be structured, thereby protecting shareholder value.

The company has been moving in a positive direction IMO

https://www.otcmarkets.com/stock/CDIX/news/Repiccis-Sells-First-Area-Development?id=191606

Cardiff Lexington Corporation (OTCQB: CDIX) is pleased to announce the first Area Development 5 Territory Sale in Atlanta, GA of its Repicci’s Franchise Group, Inc. subsidiary. (http://italianice.com/) Acquired by Cardiff Lexington in August of 2016, Repicci’s Franchise Group offers territories to franchisees to operate a mobile-based business that distributes and sells nonfat frozen Italian Ices, Italian Gelato, Italian Roast Coffee, and Hot Chocolate products known as "Repicci’s Real Italian” at a variety of venues.

This transaction verifies Cardiff Lexington’s rebranding strategy repositioning their Repicci’s Italian Ice and Gelato Brand to target multi-unit Area Developers in the top 50 markets. Area Developers acquire 5 individual contiguous territories each with a population over 500,000 and will deploy a mobile food truck in each territory.

“With 29 event tent-based franchisees, 15 trailer franchisees, and 7 mobile food truck single territory Franchisees the Area Development Program is the future of Repicci’s franchisee growth and fundamentally changes the Brand. When selling multi territory franchises each franchisee must commit to 5 new mobile trucks, one for each territory. This strategy will apply to all major markets,” stated Alex H. Cunningham, President/Chief Executive Officer of Cardiff Lexington. “The overhead is greatly reduced, and the total market is expanded from a 3-6-mile radius of a typical brick and mortar location to literally 50+ miles. This creates an ease of going to venues that offer thousands of attendees as opposed to drawing a single customer to a fixed geographic location.”

Repicci’s products are enjoyed by millions of people in thousands of locations and the popularity of Repicci’s Italian Ice & Gelato continues to grow. Franchising began in 2005, starting out as a part time event-based franchise with seasonal tents that would pop up at spring and summertime events. The new Mobile opportunity has evolved into a full-scale food truck operation to be anchored by Area Developers in top 50 markets nationwide. Cost to start a single territory Repicci’s food truck franchise is about $185,000. This includes the fully equipped Ford Transit Van, plus all the equipment and related startup costs necessary to sell Italian Ice & Gelato. The overhead for running a food truck franchise is considerably lower than other franchise food options.

https://www.otcmarkets.com/stock/CDIX/news/Cardiff-Lexingtons-CDIX-Red-Rock-Travel-Group-Posts-Astounding-Results?id=197596

Cardiff Lexington Corporation (OTCQB: CDIX) and our Subsidiary Red Rock Travel Group are pleased to announce a 218% increase in revenue in its first six months of 2018 over the entire annual revenue of 2017.

Red Rock revenue for 2017 was $391,248; for the 6 months ending June 30th, 2018 Red revenue exceeded $890,000.00. “This rapid growth validates Cardiff Lexington expectations. “We knew it would be a great acquisition for CDIX and had tremendous growth potential,” stated Alex Cunningham, President/Chief Executive Officer of Cardiff Lexington. “Founder Jay Jahid has assembled a strong management team and together with his leadership have set impressive results and astounding month after month growth.”

https://www.otcmarkets.com/stock/CDIX/news/CARDIFF-LEXINGTON-CORP-CDIX-ACQUIRES-PLATINUM-TAX-DEFENDERS-LLC?id=197907

Cardiff Lexington Corporation (OTCQB:CDIX) and Platinum Tax Defenders, LLC, (Private: Platinum Tax Defenders) announced today they have signed a definitive merger agreement under which Platinum Tax Defenders will merge into Cardiff Lexington Corporation as its subsidiary in a cash and stock transaction.

Cardiff Lexington’s total annualized revenue going forward will increase to $6.7 million dollars. In 2017 Platinum Tax Defenders reported $3.2 million in revenue; and adjusted EBITDA of $457 thousand dollars. This merger provides Cardiff Lexington entry into the ever-growing tax resolution business.

$CDIX has a bright future IMO

Long-N-Strong