Replies to post #29892 on Cardiff Lexington Corp (CDIX)

[MoneyForNuthin]

Stepping back for a moment and thinking about this... you may be right.

The company provided some information previously in a PR, and it appears that nothing has really changed - based on one person's account of his discussion with the Chairman. There was some elaboration as to the nature of the ongoing negotiation, but the material information has not changed.

So I guess for now I'll take back my earlier "bet" that we'll see a PR or an 8K before open on Monday. It's possible but maybe not necessary. (I'm sure I'll rethink this one or more times again over the weekend, lol)

[trader guy]

I suggest you read the LOI PR again. There is nothing in there about the reconciliation of preferred share holdings of the other subsidiary owners being an issue. That's a big deal because anytime you mess with who owns what in preferred shares your dealing with possibly lessoning the holdings of some, who may or may not be willing to give up enough ownership to allow the deal to close. The others were there first and have much invested in what they've previously agreed to with CDIX. That's huge because everyone needs to be in agreement.