So KJ and $CDNL are on the cusp of great things again, but his hands are tied and he cannot tell too much. He can pass on tidbit of nothing substantial via a private mail to a known bull but cannot release anything to the general public. I would have thought if he had a hired additional people for the audit a filing would have been made just like the CFO been hired.
I have a mail from KJ dated July 5th, it was actually the last time he replied to me, perhaps because come October i was asking too many of the wrong questions?. I would screen shot it but it is not as simple here
That was over 6 months ago and no financials, despite 3 firms working on it, not including the auditor as well, Mmmm.
Time will tell but it certainly seems to be make believe right now, no meat on the bones.
I sound like a negative nancy, but to my way of thinking and after all my digging i see a company built on hope , trying to make a difference but not having the business acumen to succeed and expecting shareholders to keep the faith and keep the blood flowing. KJ is an appalling CEO in the business sense and if he remains in charge history will continue to repeat itself and nothing will ever really happen here.
He promised a decent return on sales of redbirds but if you look at the accounts they were losing money selling them when they did have a few sales back in the day?
back in 2012 they were supposed to have won this contract
http://content.stockpr.com/cardinalres/db/In+...+Times.pdf
$750k a unit for a CRB 20 ?
really its units allegedly cost
Maths not adding up to me, but be Nigerian inflation LOL.
I am digressing from my main point
I believe this is not a business venture but a charity unwittingly funded by shareholders. that is why no banks will lend KJ the money, his business plan sucks and there it no profit there. JMHO
If you want a good laugh read this and see where $CDNL is now
http://www.cardinalres.com/media-center/press...areholders
I will leave it be for a few weeks and check back, but not expecting much to have changed, less chance to be disappointed that way. I repeat not saying you cannot make a buck here but unless history changes its a pure flip play
I have a mail from KJ dated July 5th, it was actually the last time he replied to me, perhaps because come October i was asking too many of the wrong questions?. I would screen shot it but it is not as simple here
Quote:John,
I also appreciate the concern and support. The internet at its best it the perfect example of questioning, debates, and free speech. The price paid for that is sometimes people make statements that are completely false without any merit, but they can have an impact. Today I was asked if I was claiming that people were paying me with gold bars in Switzerland based on a post. I get why people are upset and frustrated over our financials, but I have no idea where someone gets thoughts like the gold bars.
Having the financials out the door will help counter some of those voices. However, the key thing for the company right now is that having the financials out is an absolute requirement to get to where we want to be.
Kevin Jones
w:412-374-0989
Skype krjcardinal
www.cardinalres.com
That was over 6 months ago and no financials, despite 3 firms working on it, not including the auditor as well, Mmmm.
Time will tell but it certainly seems to be make believe right now, no meat on the bones.
I sound like a negative nancy, but to my way of thinking and after all my digging i see a company built on hope , trying to make a difference but not having the business acumen to succeed and expecting shareholders to keep the faith and keep the blood flowing. KJ is an appalling CEO in the business sense and if he remains in charge history will continue to repeat itself and nothing will ever really happen here.
He promised a decent return on sales of redbirds but if you look at the accounts they were losing money selling them when they did have a few sales back in the day?
back in 2012 they were supposed to have won this contract
Quote:Pittsburghbased Cardinal Resources has won a contract with Bayelsa State, Nigeria, worth $9 million for 12 of its solarpowered
water purification systems.
http://content.stockpr.com/cardinalres/db/In+...+Times.pdf
$750k a unit for a CRB 20 ?
really its units allegedly cost
Quote:Our Systems range in price from $126,000 to $268,000,
Maths not adding up to me, but be Nigerian inflation LOL.
I am digressing from my main point
I believe this is not a business venture but a charity unwittingly funded by shareholders. that is why no banks will lend KJ the money, his business plan sucks and there it no profit there. JMHO
If you want a good laugh read this and see where $CDNL is now
http://www.cardinalres.com/media-center/press...areholders
I will leave it be for a few weeks and check back, but not expecting much to have changed, less chance to be disappointed that way. I repeat not saying you cannot make a buck here but unless history changes its a pure flip play
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