The two players who paid 10.4 cents per share sound like they know what they are doing a lot more than you and I.
HSVW( HangZhou Sky Valley Water Technology Co., Ltd.) is owned by two multi billion dollar companies that trade on the Asian market. Thats why they are making CDNL uplist to Nasdaq after Tranche 2 closes. The Chinese are not penny stock players they are billion dollar companies.
HSVW is a China-based consortium formed to market and commercialize Cardinal Resources' water treatment technologies in Asia and other international markets. Composed of two publicly-traded Asian conglomerates,
About Hangzhou Sky Valley Water Technology Co., Ltd.
Hangzhou Sky Valley Water Technology Co., Ltd. is composed of two principal companies. The first has major equity interests in telecom, environment, alternative energy, high-tech new materials, industrial parks as well as port logistics, infrastructure and fund management. Its holding company is a Hong Kong "A-Shares" public company.
The second company operates a diversified portfolio of subsidiaries in real estate development; development and manufacturing of high-tech products; engineering design, construction and development of energy, transportation, telecommunication and other basic municipal infrastructures as well as active investments in banking, venture capital and private equity. It was approved by the Chinese Ministry of Foreign Economy and Trade and Ministry of Technology as an export base of high-tech products in a national high-tech industrial development zone. Its holding company is Shanghai Stock Exchange listed (SH-180 Index) and reported total assets of approximately US$3 billion.
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