The Lubbock PPer of record on the SEC filings, Robert Wayne Stewart, lost his entire investment in CDEX. Well over a million bucks tossed into the pockets of Wade, Malcolm, Brumfield, and a handful of other minor players. Many of the early PPers were smart enough to bail out before the end. A lot of them dumped in 2005 or so after the registration statement for resale of their 75 cent shares.
A million bucks ain't what it used to be, but it's still something. Sadly, I don't see Stewart at the US Open in Erin Hills. Too bad, I thought he might want to play 18 with me when the tournament is over. If airfare was an issue, he could have simply called and we could have bebopped over to Lubbock to pick him up with the jet on the way up. We usually have an extra seat available. We could have even seen to it that he was loaned a bag of clubs suitable for his height.
Damn shame all that money was swindled from the PPers and retail OTC buyers. Erin Hills turned out great, just as we expected. I hope all CDEX shareholders watch the US Open and think of the time Malcolm bragged that LOCH's CEO Rod Boone hit the ball a ton.
