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  • Cardinal Resources, Inc. - The Power Of SmallCap Network On John Q. Public  [View article]
    Milt- I saw your comment and reached out directly to the company. I am informed they have patents on the filters: specifically US Patent 7,638,047 B1 issued on 12/29/09, and US 8,366,936 B1 on 2/5/13.

    Their financial position is tenuous with only $.5 million in assets and $2.3 million in liabilities. That's why it's a 7 cent stock.

    If they do start collecting revenues on any of their contracts in Q3, the whole picture could change.

    With regard to the original comments from the bonehead with the lie, referencing the original JH Designs is a joke. They are no longer that company. Cardinal is just in the public company entity now. Cardinal privately goes back to 2004 when it first began development- over $3 million was spent through 2010 according to the SEC filings.

    Highly speculative but corresponding upside. You should be prepared to make 5 to 10 times your money or lose it all.
    Jul 3, 2015. 12:07 PM | 1 Like Like |Link to Comment
  • Cardinal Resources, Inc. - The Power Of SmallCap Network On John Q. Public  [View article]
    Interesting take. Seems like you have some agenda to bash a perfectly legitimate but of course treacherously speculative idea.

    I suspect there's some sort of hidden agenda as there is a blatant lie in your presentation. You state their disclosure says they received "350k "unrestricted" shares".

    Yet, when I go to the site and review their disclosure it clearly states "350k restricted shares". This means those shares have no liquid value for six months from date of issuance, and they are betting on the future. This is highly misleading and a total falsehood.

    Sure, it's highly risky. What do you want for 5 cents? I have no idea if it will work out. However, perhaps you should state your real agenda if you're going to publish a lie. Seems like there's plenty of "lack of credibility" to go around.
    Jun 30, 2015. 06:54 PM | 1 Like Like |Link to Comment
  • Another Red Flag for Universal Travel Group  [View article]
    I'm pretty sure you're the guy who decided about 12 companies in China were publishing fraudulent cash balances based on their balance sheets based on the amount of interest income that they were showing. I don't know if any of them are committing fraud, but it seems to me it's a pretty flimsy argument without ever having talked to any of the cfo's about how they did the bookings. I have spoken with 3 of them and the Bank of China. You are either dangerous, or just a totally transparent shill for shorts, which is fine. Nothing wrong with it. Those who do their homework stand to make a lot of money.
    Nov 4, 2010. 09:45 PM | 1 Like Like |Link to Comment
  • Like Roberto Duran: Fund Managers Say No Mas to China Stocks  [View instapost]
    I'm planning to sell my Dec $7.50 calls about 15 minutes after the market opens on Monday, then sell some covered calls on my remaining position in the common. I believe the shorts are getting killed, and the stock could go a bunch higher- perhaps $30. However, not straight up. I believe there will be some profit taking next week.
    Nov 4, 2010. 05:06 PM | Likes Like |Link to Comment
  • Like Roberto Duran: Fund Managers Say No Mas to China Stocks  [View instapost]
    Thanks so much. We have come up with some very profitable picks since 10/1
    Nov 1, 2010. 03:14 PM | Likes Like |Link to Comment
  • Dear Mr. Zheng Cheng  [View instapost]
    It is true a share buy back would retire the shares and thereby increase the EPS- in my view that is unnecessary. The current EPS is fine- the company just needs to demonstrate it is believable. I believe it is unlikely the company would do both just to demonstrate its stock is worth more. China managed companies are notoriously frugal. Just announce either an ongoing $.25 quarterly dividend, or a one time $1 dividend which would be more painful for the shorts in the near term. Either way, it demonstrates a strong belief in the ability of the company to continue to generate cash flow, and shows they have the cash.
    Sep 19, 2010. 10:24 AM | Likes Like |Link to Comment
  • Orient Paper: Not All BDOs Are the Same  [View article]
    I'm not going to comment on the allegations- true or false as I'm certainly no expert in this arena.

    However, over the 23 years I have been trading in smaller stocks, I've seen many rather transparent efforts to talk stocks down in an environment like today's on behalf of short sellers.

    The fact that you choose to remain anonymous while taking on BDO Seidman speaks volumes about the potential motives for this article.

    After all, BDO now can't identify the author to file a lawsuit for slander or libel.

    Perhaps there is some fraud here, but it wouldn't be any worse than the fraud we see in financial statements from US companies.

    It's also worth noting there are multiple references to the PCAOB board not being allowed to function in China. This board was created by Sarbanes Oxley, and is not self regulating. It is government appointed and recently its existence was declared unconstitutional by the US Supreme Court.

    Perhaps the premise is solid here, but the anonymity really throws a wet blanket on this presentation.
    Jul 6, 2010. 02:36 PM | 3 Likes Like |Link to Comment