12 year pipedream/plan, always enjoy your take on
Post# of 157
Posted On: 12/30/2016 4:04:34 PM
Re: 12 year pipedream #90
12 year pipedream/plan, always enjoy your take on things. I agree the 2 kevins appear decent people on a human level, but as for running a business this seems beyond them, perhaps their humanitarian desires get in the way of being a successful capitalist. The Kevin Haughton go fund me page is disturbing IMO as he was alleged to be CDNLs latin american distributor not a clean water eco warrior.
I hope i am proven wrong and CDNL actually pull that rabbit out but i believe they are more likely in trouble financially without a injection of cash and this is holding up progress on financials as this costs money, the money the Chinese were holding was chicken feed to the Chinese if the potential contracts are to be believed and i cannot believe KJ that pulled the plug on that deal without a back up plan.
If you are honest with yourself almost everything KJ promised has either not materialized or been way behind schedule. Communication from KJ is good when things appear to be going well but then almost nothing to explain when things are delayed or not happening.
From Feb 2015
This was sold to Kevin Haughton and his Charity and it took almost a year from them to get it installed, signifying cash issues to me and nothing regarding the 10 unit minimum since then.
Read the special letter to shareholders from Feb 2015
http://www.cardinalres.com/media-center/press...areholders
It talks of gross margins of between 50%-70% on $40 million African contracts with 4 million already booked, Mmmm
Poised for Success: Cardinal Resources' 2015 Goals, read it and have a good laugh at what was achieved and where $CDNL still is 2 years later
They release another special letter in December 2016 still talking the same talk.
Like i said money can still be made here but treat it for what it is a dreamfactory to be traded not invested in. JMHO good luck to you it will be interesting to see where it is a a few months , i have no problem being wrong on this one but i seem to have the weight of history on my side.
I hope i am proven wrong and CDNL actually pull that rabbit out but i believe they are more likely in trouble financially without a injection of cash and this is holding up progress on financials as this costs money, the money the Chinese were holding was chicken feed to the Chinese if the potential contracts are to be believed and i cannot believe KJ that pulled the plug on that deal without a back up plan.
If you are honest with yourself almost everything KJ promised has either not materialized or been way behind schedule. Communication from KJ is good when things appear to be going well but then almost nothing to explain when things are delayed or not happening.
From Feb 2015
Quote:
In Q3-14, we sold a Red Bird unit to a Panamanian distributor which will ship in the current quarter as part of a ten-unit minimum purchase commitment to be fulfilled by September 2015. The first unit will be used to demonstrate the Red Bird System throughout Central America and Columbia.
This was sold to Kevin Haughton and his Charity and it took almost a year from them to get it installed, signifying cash issues to me and nothing regarding the 10 unit minimum since then.
Read the special letter to shareholders from Feb 2015
http://www.cardinalres.com/media-center/press...areholders
It talks of gross margins of between 50%-70% on $40 million African contracts with 4 million already booked, Mmmm
Poised for Success: Cardinal Resources' 2015 Goals, read it and have a good laugh at what was achieved and where $CDNL still is 2 years later
They release another special letter in December 2016 still talking the same talk.
Like i said money can still be made here but treat it for what it is a dreamfactory to be traded not invested in. JMHO good luck to you it will be interesting to see where it is a a few months , i have no problem being wrong on this one but i seem to have the weight of history on my side.
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