Replies to post #10989 on Cardinal Energy Group Inc. (fka CEGX)

[beer$$money]

A detail of the acquisition of EOI Eagle Operating, Inc. & Preferred Stock?

Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

On March 30, 2017, Cardinal Energy Group, Inc. (the “Company”) filed with the Nevada Secretary of State an amendment to the Certificate of Designation for the Company’s Series A Preferred Stock via an Amended and Restated Certificate of Designation of Series A Preferred Stock (the “Amendment”) pursuant to which (i) the number of shares of authorized Series A Preferred Stock was increased from 1,000,000 shares to 10,000,000 shares, (ii) the capital raise required by the Company prior to the Series A Preferred Stock being automatically converted was increased from $5,000,000 to $10,000,000; (iii) the percentage of common stock of the Company, par value $0.00001 per share (the “Common Stock”) into which the Series A Preferred Stock is convertible was reduced from 15% to 10% and (iv) the time in which the Series A Preferred Stock can be converted was changed from being at any time during the three years after issuance to any time from the date that is six months after issuance until three years after issuance. The Amendment is attached hereto as Exhibit 3.1(a).

Also on March 30, 2017, the Company filed three additional Certificates of Designation with the Nevada Secretary of State to designate (i) the Series B Preferred Stock; (ii) the Series C Preferred Stock; and (iii) the Series D Preferred Stock, in each case of the Company.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11969039


I commend and support your vision of building an environmentally responsible oil and gas company by doing things “the correct way”. I also believe that the pending close of. and the addition of Paul Carlisle to the management team will position Cardinal to take advantage of the many opportunities to develop and monetize oil and gas leases throughout the Central Texas area to the benefit of the shareholders of Cardinal Energy Group.
I will continue to serve on the Board of Directors of Cardinal Energy Group. In addition, I plan to maintain my stock holdings in the Company and will be available to consult on accounting, financial reporting and other matters vital to the Company. Once again, thank you for the opportunity to be of service. I wish you and all the members of the Cardinal team continued success in all your endeavors.

Very truly yours,



John R. Jordan

[La Dolce Vita]

The most recent 8k details the creation of 3 new classes of preferred shares with restricted terms on conversion and voting rights...very good for shareholders... cheers to Crawford on that.

http://ih.advfn.com/p.php?pid=nmona&article=74236124

My take, Crawford has secured outside capital and is about to monetize on the West Texas Oil Boom
...imo

Read JessyJames' sticky for the logistics of our current oil leases:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=130144967

I see it coming together Bigly very quickly...

$CEGX