Replies to post #18429 on Cardinal Energy Group Inc. (fka CEGX)

[JPROBIN]

I agree with Oilguy. If you are calling on the behalf of a company asking for someone to invest you have to stand behind the company. You should know what you are selling. In this case, Cardinal is a fraud and stole money looking to steal more. That makes you part of them. If you don't know the company then you are ignorant. They call to make money and couldn't care less about what happens afterward. So, yes, Doug, Dan, Todd and Tim are all part of huge scam. They are losers that have screwed investors out of millions. The evidence is there and irrefutable. Its a slam dunk. So, don't tell us Doug or any of these losers are ok guys. They are thieves end of story.

[OilGuy2]

If you're bringing in numerous investors and a lot of money from one state would you not confirm your registration in that state for compliance? Especially if the investor cash flow comes in over a long period of time. Sure...you have the time to do it. States will do background checks on people and businesses before authorizing securities sales. Are those businesses "forgetting" and "too busy" to comply or hoping to skip that compliance task without getting a cease and desist order because of past violations? Why not register and provide a state's confirmation as a valid background?

No...not all cold callers are bad. But it should raise a red flag to investors to do more background work - on the salesman, the company and the project. From my experience a large percentage are bad as well as the number of projects. Many sales people don't vet the project they are promoting. Their job is sales and getting a commission...not protecting and vetting an investor's money.

I myself am an investor in the O&G industry with many active oil leases. I understand the risk involved. I understand the standard typical level of investor risk(money) into a project.

I have no info on Doug's past Cunningham projects other than South Carolina's factual statement of promoted investor return from their one project. It did seem in a normal range for investor payback but I don't know the drilling operation.

How do investments reach the level where investors file complaints with state security boards? Is it because a legitimate project failed and people get frustrated? Is it because companies ignore, deflect or create false responses to investors once they realize the impossible level of promoted returns? Research has to be made before putting opinions into the right slot.

[OilGuy2]

Any comments about the Reuters article I posted?