{"id":7782,"date":"2016-04-28T11:02:06","date_gmt":"2016-04-28T11:02:06","guid":{"rendered":"\/?p=7782"},"modified":"2016-04-28T11:15:18","modified_gmt":"2016-04-28T11:15:18","slug":"cardinal-resources-inc-otcmktscdnls-jump-continues","status":"publish","type":"post","link":"\/articles\/cardinal-resources-inc-otcmktscdnls-jump-continues\/","title":{"rendered":"Cardinal Resources Inc. (OTCMKTS:CDNL)’s Jump Continues"},"content":{"rendered":"\n

Cardinal Resources Inc. (OTCMKTS:CDNL<\/a>) added another 54.93% to its market value yesterday, once more jumping above the penny mark as part of its ongoing surge. <\/p>\n

There could be little doubt that this continued jump was made possible by the 8-K announcement that the company has actually received the first trache of funding from the Chinese company Hangzhou Sky Valley Water Technology Co., Ltd. This means that CDNL<\/a> <\/strong>now has $3.75 MILLION worth of funds, which it could use to make another attempt at becoming a commercially successful entity.<\/p>\n

That is certainly good news – but is it good enough to justify the ticker’s rapid ascent? After all, having cash on hand is all good and well, but it is just a stepping stone that may allow for competent, enterprising and industrious company management teams to make an attempt to capitalize on a market.<\/p>\n

CDNL<\/a>‘s <\/strong>own management doesn’t seem to have done anything to suggest that it has any of those qualities. The company’s hasn’t even bothered filing its 10-K for the fiscal 2015! That fact alone speaks enough about its nature and its management team.<\/p>\n

And so do the numbers that can be found in its rather outdated 10-Q for Q3 2015:<\/p>\n