{"id":6153,"date":"2015-07-04T11:12:20","date_gmt":"2015-07-04T11:12:20","guid":{"rendered":"\/?p=6153"},"modified":"2015-07-04T11:39:30","modified_gmt":"2015-07-04T11:39:30","slug":"cardinal-resources-inc-otcbbcdnl-jumps-on-pr","status":"publish","type":"post","link":"\/articles\/cardinal-resources-inc-otcbbcdnl-jumps-on-pr\/","title":{"rendered":"Cardinal Resources Inc. (OTCBB:CDNL) Jumps On PR"},"content":{"rendered":"\n

Cardinal Resources Inc. (OTCBB:CDNL<\/a>) managed to add 42.59% to its market value yesterday, and interestingly enough, this time the climb was not caused by a paid pump. <\/p>\n

As we’ve discussed on occasion before, CDNL<\/a> <\/strong>has been the target of a multitude of paid pumps over the last few months. The fact that the compensation for the last one was “ $2,500 and 350000 restricted trading shares” should be indicative enough of CDNL<\/a>‘s <\/strong>dubious nature.<\/p>\n

In spite of this, the boastful proclamation that the company will be moving forward with its plans for the Red Bird contract made quite a splash.<\/p>\n

True enough – making $29 million worth of revenue is a big deal for a company as small as CDNL<\/a><\/strong>, as it could be the thing that propels it into profit land.<\/p>\n

However, investors would do well to note CDNL<\/a>is <\/strong>to start work on the Red Bird in Q3 of 2015. There’s still a lot of time until that comes to pass. A lot of things could go wrong in that time, and since we’re talking about a pinksheets OTC Markets company with so many paid pump, it would probably be a safe bet that something will.<\/p>\n

This is why CDNL<\/a>‘s <\/strong>press release should probably have been taken with a pinch of salt. After all, as boastful as it and the pumps targeting the company may have been, at the end of the day, due diligence on CDNL<\/a> <\/strong>yields some very unimpressive numbers:<\/p>\n