Replies to post #30781 on Cardinal Resources Inc fka CDNL

[PURA VIDA]

Well, I don't think we have been scammed. There would have never been all the political newspaper articles, all of the acclamation from the state etc. if it were all just a big scam. Even the invitation to the White House. I mean seriously.

Kevin Jones, Cardinal Resources' CEO Invited to the White House Business Council to Discuss the President's Export and International Trade Agenda

I think Kevin just got in a little over his head when it appeared that the contract was going through the first time. He geared up, rented high-price high visibility real estate for the office, spent too much money up front, and then got caught in the EXIM Bank defunding fiasco. It's really been quite a frustrating ordeal for him plus all of us who still would like to see the Redbirds installed everywhere they are needed.

You are correct, Kevin holds nearly 44 million shares, so in the long run, it would be in his best financial interest to get this relisted and the price running up.

If it truly had been a scam, he would never continue to update me month to month as he moves the newer contract along. And, you are correct - MINEPAT is the last hurdle before funding through the CHARTER BANK selected.

I, along with you and a few other shareholders I know are holding out hope and want the company to succeed in getting relisted and seeing the stock price grow with continued orders. The prices of the total units can go down exponentially once manufacturing begins and cash flow starts.

I'll keep you posted here once I know more.

PURA VIDA

[grantastic]

What about EXIM bank lending the funds?

Supposedly that was the "last step" for many years

Purevida,

Thanks much for the news. I'm thinkin Minepat is the last step if it ever actually gets there. And then who knows!! Every sliver of hope at this point helps and costs nothing to keep informed.

[grantastic]

It'd be cheaper for KJ to simply start a new corporation. And one where he has a much higher or even total ownership %.

I remember a PR from KJ from years ago saying that he had about 40 million shares!! So,maybe he's got a real stake here for something to happen and relist.