Replies to post #25365 on Cardinal Resources Inc fka CDNL

[gitreal]

That sounds like a reasonable explanation of what happened. We know that at least one significant debt was paid, the group that sued them.

[crookedneck]

Such information is unavailable to the public or shareholders, so if in fact what you state is true, how were you able to secure this inside information that violates the SEC's insider trading rules? Cheers!

yes gitreal, that is exactly what I am saying; the funds went into escrow. Some funds were given to Cardinal with which they paid some debts...other debts still outstanding, and the remainder of the initial $1.16 million remains in escrow under the control of the JV chinese partners.