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Cardiff Lexington Corp (CDIX) Updates Shareholders on Debt Restructure and Future Acquisitions
Cardiff Lexington Corp (CDIX) Updates Shareholders on Debt Restructure and Future Acquisitions.
About this update from Cardiff Lexington Corporation
[{"type":"text","content":"\nFt. Lauderdale, FL, July 25, 2018 (GLOBE NEWSWIRE) -- \n Cardiff Lexington Corporation (the \"Company\") (OTCQB:CDIX) wishes to update shareholders regarding the historical operational debt the company incurred, what it is doing to retire or restructure the debt and status of its pending acquisitions. The Company is well aware of the damaging effect on the share price that the current convertible debt conversions are having, and Cardiff Lexington is anxious to rid itself of any and all debt resulting in these aggressive conversions.  This has been further impacted by false rumor and innuendos from uninformed sources, which the Company is compelled to set the record straight.  The Company is not selling shares. Management has not and is not selling shares. The $1M acquisition debt referenced in our recent Form D filing was solely acquisition financing. This debt will be primarily serviced from the cash flow of the acquired subsidiary in monthly principal and interest payments which historically is sufficient to service the loan. This debt is further secured by Cardiff Lexington shares which cannot be sold for at least 6 months and are further regulated by a strict 30-month Lock-Up/Leak-Out agreement. CDIX firmly believes in having an open and trusting relationship with its shareholders, as well as doing everything within it means to preserve and grow shareholder value. Management feels the company is very undervalued at its current market capitalization and is taking steps to rectify the situation so that the conversions might be greatly curtailed, if not stopped.  A disturbing short selling trend over the past several weeks is of deep concern to Cardiff Lexington’s management as well as its current shareholders. Unknown market makers are shorting CDIX stock to a degree that strongly suggests market manipulation.  Cardiff Lexington and its current shareholders are and have been greatly harmed by the apparent market manipulation. Manipulation of the QB market should be of grave concern to the OTC and to FINRA as it affects the reliability and credibility of the OTC market. As a result, CDIX is requesting  that both OTC and FINRA open an investigation into the possible market manipulation of CDIX  stock. The high percentage of volume shorted reflects unknown market makers wh...