Replies to post #14083 on Cardinal Resources Inc fka CDNL

[lowtrade]

Yet it was!

Nov 10, 2015

Before Authorized Shares Amendment
142,234,632 300,000,000 157,765,368 -0-

After Authorized Shares Amendment
142,234,632 1,000,000,000 157,765,368 700,000



(1)

Does not include 25,000,000 shares of “blank check” preferred stock, no shares of which are issued or outstanding.



http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11025412

[lowtrade]

Your 100% correct it's not an issue, for retail or stock price. It's a way for company owners to maintain ownership in hostile take overs on the big boards and after large funding partnership deals on the OTC. Nothing more. Just a way for the one who built the company to keep it his, if he wants.

By the way that blank check preferred showed me that management knew what they were doing. Another thing telling retail this is a good business savvy CEO.