CANDORADO OPERATING CO V.CDO

News

[nelson11]

Candorado's CFO and a director resign

2011-02-07 18:12 ET - News Release

Mr. Kirk Reed reports

Mark Naylor, director, and Terese Gieselman, chief financial officer, have resigned from Candorado Operating Company Ltd. The company has appointed Rene Bernard as interim chief financial officer. The company is actively pursuing additional directors and management to fill the vacancies.

At the company's upcoming annual general meeting, the company will be seeking shareholder approval to consolidate the company's shares on the basis of one new share for up to five old shares in the future. Management believes that in order to secure alternate financing and avoid significant dilution of its existing shareholders, it is in the best interests of the company and its shareholders to consider the consolidation of its shares at this time.

We seek Safe Harbor.

[pick4ore]

You were warned!!!

[blackgold99]

It's only the beginning!Prepare to suffer some good news soon.

[goldengirl20]

Soon meaning when, hopefully before the AGM or the SP drifts back to .03

[blackgold99]

"soon" meaning that they're in the midst of negotiations and talks right now, once a deal is signed we will get the news release immediately and off she goes (that is, money will come in and work will start).It seems that one of CDO's lawyers hangs around here and has read my posts about my conversations with KR and reported it to him. On my last call he asked that I not

[trader4ever]

Obvioulsy Kirk Reed must hate Rene Bernard.....otherwise I do not understand why friends of Rene  do not get replies by Reed to email and phone calls. Guess you must be a freind of Reed. Strange that we might have fractions now

[blackgold99]

Dear trader~ I know that you're friends with Rene and you go out to dinner with him. I'm going to inbox you KR's  # so you can call him straight, get the facts as I have and put an end to your frustration.