Replies to post #9509 on Cardinal Energy Group Inc. (fka CEGX)

[jessejames001]

ONLY 3 NEW ALERT AREAS in ALL of TEXAS and now they have all wells and leases around all 3!!!!!!!!!

[beer$$money]

Thanks for pointing out how undervalued $CEGX is! Put yourself in these shoe's would you sell for $200K. I'm still trying to figure out "WHO" has controlling interest with this transaction and the outstanding Preferred??? Common practice here on the OTC with Preferred control?? Nothing on Nevada SOS?

https://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=LWOAFYZ4iRRPsVBRSFBlEQ%253d%253d&CorpName=CARDINAL+ENERGY+GROUP%2c+INC.


After the issuance of the new 300,000,000 shares of common stock, the Company has 395,429,557 shares of common stock and 1,000,000 shares of Series A Preferred Stock issued and outstanding, respectively

Each share of Series A Preferred Stock has voting rights equal to 110 votes per share. As a result of the transaction, the total outstanding voting power of the Company is 505,429,557 shares, with the new 300,000,000 shares of common stock representing 59.36% of the voting power of all shares of capital stock outstanding.

http://ih.advfn.com/p.php?pid=nmona&article=73553298