Replies to post #12785 on Cardinal Energy Group Inc. (fka CEGX)

[jessejames001]

COMMONS UNTOUCHED SO FAR, MIGHT BE A DECREASE IN A/S (NOT INCREASE) IMO TO GET TO WHERE THEY WERE BEFORE ON THE EXCHANGE, D SHARES ARE TO BE SOLD FOR FUNDING TO BIG INVESTORS WITH ROYALTIES AND INTEREST, ALL PERFERRED SHARES CANT BE SOLD FOR 6 MONTHS, 1.00 PER D SHARE 4,600,000 SHARES TO ISSUE, WHICH MEANS D SHARES WONT BE SOLD UNTIL THE STOCK HITS OVER 1.00 PER SHARE, SO 55% OF SHARES WILL BE LOCKED UP TO 1.00 MINIMUM... THEY ARE NOT TOUCHING COMMON SHARES FOR MONEY, THEY ARE USING PERFERRED SHARES TO FINANCE NOW. GREAT NEWS FOR COMMON SHARE HOLDERS. THIS MEANS WE WILL BE HEADING TO SILVER SOON THEN 1.00 UPLISTING TO NYSE....AWESOME NEWS, JUST HAVE TO READ IT CORRECTLY. WHAT I CAN MAKE OF THE PR SHARE STRUCTURE IS THIS. WE KNOW

A SHARES GO TO ? MAYBE 10%
B SHARES GO TO EOI, 10%
C SHARES GO TO ? MAYBE 10%
D SHARES GO TO BIG INVESTORS 55%

THAT WOULD LEAVE 15% FOR COMMON SHARES.........CEGX HAS TO HAVE EITHER A OR C SHARES SO THAT JUST LEAVES 1 PERFERRED SHARE CLASS LEFT TO ISSUE.WHO GETS THAT? WE WILL FIND OUT SOON.......HUGE NEWS IMHO. MY CALCULATIONS ARE A GUESSTIMATE, BUT I BET IM VERY CLOSE......