Cardiff Lexington Corp (CDIX)

[BarkOLounger]

Looks like the TA messed up on the auto update on 6/26 and corrected it on 6/27.

here is a tweet from equijohn with a screen capture from 6/26.

$CDIX #Buyerbeware the company continues to dump shares and destroy shareholder value. Management seems to coordinate PRs with toxic debt conversion? @CardiffLex @rollan @SEC_News @flipnrips @ChrisEBarkley @OCDrises pic.twitter.com/7xLKLuETmv

— John Equi (@equijohn) June 27, 2019

So now they've corrected to:

OS 100,340,687
Float 17,315,109

Float has gone up again, even though it's low I still won't be surprised to see this hit trips in the next week.

The problem is that this is looking like anther RS will happen this year for CDIX. No way I'm going to risk going through that again.

With the total lack of investor confidence, and the companies recent PR about offering preferred share to investors so they are 'immune' to future RS it wouldn't surprise me to see this go nobid with a float well under 1 billion.