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Monday, August 26, 2019 8:07:37 PM
$CDIX look at the debt left in the filings
Pages 17-18
https://www.otcmarkets.com/filing/html?id=13603658&guid=mzSIUqWlr8tIL3h
Most of the remaining notes date a few years back and one large note all the way back to 2009
The 2009 note alone plus interest accounts for 350k of remaining debt
Clearly the 2009 note holder is friendly and has not been converting which leaves only a few recent note holders that may have sold after the RS.
So from the notes left to convert standpoint the company is well positioned for a major acquisition like the current LOI in progress.
Also note the company tweeted that 1 million dollars plus of its debt was serviced by May/2019
https://twitter.com/cardifflex/status/1123563346501017601?s=21
I am NOT letting companies past performance cloud my judgement and make me miss this opportunity.
Investments are made based on current events and future expectations and not past performances.
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