Quadrax Corp (fka QDXC)

[pennyjunkie]

thanks chief. eom

[chief]

I spoke with the CEO and he said the auditors will release the 10K once everything has been reviewed. he 10Q will follow the 10K release. There is no point in calling the NYC office-there is nothing they can say or discuss with investors that will not be published in the 10K.

[chief]

A very important meeting is taking place today and as soon as I get word on the content, I will post. Let us hope it is of a positive bent.

[DTGoody]

Thanks Chief for the update! I have a question that maybe you could possibly answer for me. There are approx 24.5 million shares outstanding and ColeVic owns approx 12 million or 49% control. Quadrax has authorized 90 million shares. If Quadrax issues more shares into the float then how will the owners of Quadrax maintain their 49% control? Could you give me some possible scenarios, and which one you believe most likely to take place? Thanks again Cheif.

[chief]

An update-Company has just rented another office in NYC to help alleviate the crowding of additional personnel. No set date for 10Q/K releases but they wil be filed. These offices will also be handling Coleman & subs business transactions and future dealings. May be getting a filing date by the end of today's business.

[vacutronics]

Hey Chief,
I have called Thomas several times and he does indeed return my calls. I like this board and it looks far better than those posted elsewhere! I hope this board stays that way. I also hope Thomas will give this another thought to use this board. I realize he is a very busy man. We shall see.
Good luck to all!

[chief]

I have spoken with Tom a number of times and he always returns my calls. He has my respect. He also wants to be fair to all investors and thinks the proper avenue to release info regarding this company is thru the sec filings. I have asked him all questions that would give us a clue to this company's future. He always answers by saying that he is working hard to get all the problems cleared up so Quadrax can move ahead. You can try to gather more clues and post here so we can all learn. I invited Tom to come here and post but he is unwilling, so far. I can delete the posts of "wise guys" and make this a valuable thread to everyone interested. Stay tuned. Chief.

[DTGoody]

Cheif I want to first Thank You for your information and your postings on this thread. I check this board at least once a day. I am going to call Tom Desmond next week to talk to him about the company. I will post anything new if find out anything. I am very bullish on this stock and I am very much invested in this stock. I am hoping that Tom Desmond does make this work. I plan on staying invested even after we go over a dollar if we go over a dollar by this Summer. I'm figuring 3 to 5 years before I even consider selling any of my shares. When do you think we should start to see positive news and positive movement? Later in the Spring or by Mid Summer? Thank and good luck to you.

[chief]

The major part of todays volume was the market makers churning. Common gimmick to get attention before these small companies come out with news. They play the Level2 junkies like a cheap guitar. Volume catches these mo/swing/day traders and then the news gives these con men a chance to pump the ask up. Well they had better do a super job because the numbers in these filings won't be vey good. Let us see how these mm jerks play this tune.

[pennyjunkie]

my thanks to chief for posts...
unfortunately, your most recent post sums up the misgivings I have about this stock's future. There are more and more reasons (IMO) to be skeptical. there are too many unknowns (and no price support even at this level) for me to buy more until the filing (hopefully) sheds a little more light. Thanks again for posting here.
Regards...

[chief]

The 10Q will be released before the 10K-according to Mr. Desmond. I find that odd but maybe he mis-spoke. No matter, at least we get to read about any new developements. Trying to extricate info from the EB people is extremely difficult. Worst scenerio we go private, next worst we have another reverse split, next company fails to satisfy Congress Bank or finally company does not merge with Coleman as we have envisioned.

[chief]

Progres being made as the dispute with old leasee has been settled. The SEC filings will be released on time as of today, but an extension is not out of question. Company has no comment on merger situation nor wil discuss share price. As more facts come in, I will try to keep updating. Company policy is to speak with any investor that calls but the most imporant issues will ONLY be addressed through SEC filings.

[chief]

dailynews.yahoo.com/h/cn/20010318/tc/

[chief]

Level2charts.com has all tading info for this company. Looks like bid dropping to .008 tomorrow. I wonder what Pond did with all those shares they bought fot a nickel?

[chief]

Spoke with the ceo regarding release of 10q. He said, they 10q and 10k, would be out as soon as all the stats can be compiled. They will not be put out just to satisfy the urgency of a few investors. The company has obligations to a few more pressing matters than the release of the sec filings. Quadrax management team intends to file before 20th of April.

[chief]

There was a PR yersterday put out on businesswire at approx. 3:35 pm EST. It gave the new office number where investors may reach this company and the CEO-Thomas Desmond. If you make a call-please post any information that is obtained. This site is here to inform and desminate the news of Quadrax Corp. Please respect your fellow investors and hopefully this company will turn around for all us involved. Thanks.

[chief]

The postings on raging bull were at a peak yesterday as a lot of mo-mo players started chatting. They will soon be crying for press releases to keep the share price moving skyward. Lessons will be learned from this quick buck metality.

Running a business takes so much effort and in the case of quadrax 3 major hurdles. Loan dispute with Congress, lease dispute and a bad track record for the quadrax name.

SEC filings don't come cheap,. Revenues are just starting to pick up after the standard 2 quarter slow period. Once the NOL-1 year period of restriction is concluded, this company has a very good chance of survival. After that time period the outlook looks good regarding a merger with the Coleman group. Till then it won't be a smooth period.