Replies to post #16237 on Cardinal Resources Inc fka CDNL

[nonewname1]

So per Kevins tweet today looks like dilution is still going on, 30 million shares in the last month. Do you have any idea through your talks with him how much more we can expect?

At least it looks like it's slowed down, 330 million so far this year is an average of about 55 million a month, I haven't been following that long or that closely...

and of course I could be wrong about the 330 but the last O/S for Q3 was about 137 mil, then 80 million was issued per the subsequent events, so assuming that was done by Jan 1st, that's about 331 more to get to where we are now.

[stayfocused]

Yeah I read em thank god you're here. I guess you DD'd Michael Sean Sobeck and Tangiers Capital then, I suppose in your world everything's all hunky dory and Tangiers is not really a toxic financier. Yeah it's all good news here at CDNL, nothing to worry about, LMFAO.

"Tangiers has rights, under a Convertible Promissory Note, to own an aggregate number of shares of the Issuer’s common stock, which, except for a contractual cap on the amount of outstanding shares of the Issuer’s common stock that Tangiers may own, could exceed such a cap. Tangiers’ ownership cap is 9.99%. Thus, the number of shares of the Issuer’s common stock beneficially owned by Tangiers as of the date of this filing was 51,238,447 shares, as calculated in accordance with Rule 13d-3(d)(1) under the Securities Exchange Act of 1934, which is 9.99% of the 512,897,371 shares that were outstanding on that date."