I am not doing a lot. I am retired. Doing a bit of share trading and own a bit of real estate.
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Since the value of what is left is near zero, nothing is there there worth going to court over. Just a passel of worthless shares of nothing.
Trading still going on though... so far. An empty shell full of not even lies.
No hot air, no money.
Nothing worth scrapping over, nobody to sue. The COB only.
Gone with the wind.
Did they actually sell anything to Kuwait?? If so, the money is long gone. Was there actually a loan by the CEO and his partner??
Or was that just another lie??
The "float" whatever it really is. Who knows??
There is still like 40 million shares open for trading.. not restricted.
I reckon an MM or two will trade it for whatever they want to trade it.
I wouldn't.
But I wouldn't have traded it anyway.
Si!!! Bless her heart, she shore did. Bellered out the rhythem and the words...
Now we need to have some ole posters come on here and bless the ending and hold the wake. A little flowers bringing and coffee drankin.
So whar is Cisco?? Xeno?? Stormy?? ET AL... CAP'N bless his heart was OUSTED. CLOSER needs to come on and Cuss ~!@#$%^&*()_
SAYONARA CDEX.. a long play indeed.
Of course, having lost liability insurance, The CEO and BOD and other officers of the company resigned in a body at midnight on the same day that their insurance ran out.. No sane insurance company would insure CDEX, knowing the situation, any more than a bank or even another PIPE company would finance them.
JB as Chairman and the sole pseudo member of BOD of the company and self appointed as mop-up agent... will doubtless shop around for someone willing to buy the trading shell. For what he can get. It is likely that if he can do that, he will take the money as a fee as selling agent. As result of recent BOD action he and his co-loaner now own far more shares than anyone else, and if it comes to a vote can far out-vote anyone else.
JB an idiot??? LOL!
But of course.. Them DOCTORS are highly IM-POR-TANT-EE.
The LUBBOCK OILERS have probably lost a ton but maybe not. Hard to see how they could continue to finance CDEX and support JB. No way that there could be any profit in the stuff that CDEX claimed as product to sell, or potential product, despite any "patents". . The CDEX medical director did appear very un-sophisticated at the bankers meeting in NY. He and his Family own many shares. I tend to believe that they were bam-boozled by Wade, JB, RS, Coates and those others there at the meeting, but they wanted to believe.
Of course, for years, one person has been strong in support of CDEX, first as a BIRD-DOG selling PP shares, and using multipole aliases using his keyboard on the FORUMs. Starting as "ON THE EDGE".
Friend of MP. Who then appointed JB. Appointed as CDEX ANGEL and negotiator between CDEX and others to help the agreement for the CHAP 11. The well known RS.
I do not know if there will be those that will or can make lawsuits
to get back something off Wade or others who got a lot of money off the deception and outright lies that are CDEX. But justice would serve if that could be done.
As of midnight last night all officers and directors of CDEX resigned. Jeff Brunfield however has lingered as Chairmen but only long enough to complete winding up the affairs of the company.
What will all of this mean?
The Company has no funds... so I suppose that unless someone forces Chap 7, it will simply cease to exist.
The largest shareholder is PEMCO and second is Osprey and JB himself.
Got some volume going although on what?
But on the other hand, no reason is necessary. At sub-penny rates trades are often made without reason. It is called speculation based on volume movement.
So trade on CDEX and let the fur fly!!
You have to love it whan a plan comes together....
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=114516481
"Did you consider the CEO said it was his turn to contribute to the plan. Maybe he and Mr. Mota wanted to take the game plan to the next level. Maybe the CEO is getting the sails lifted at his and Mr. Mota's expense."
I mean, after all, he is the man with the plan.
.
Cdex, Inc. CDEX Post # 45351
diddy--- Did you consider the CEO said it was his turn?? DID YOU DIDDY??
....
diddy---
course, OSPREY could sell them to an individual en masse. Find somebody that wants the whole thing.. CDEX could maybe claim breach of contract, unjust enrichment, snotty noses, dog-napping, and other stuff.
In truth, insofar as intrinsic value is concerned, the shares are worth very little. But PEMCO wants them back. But is OSPREY willing to pay the bill for the SEC filing??
This will shake out eventually, or not.
One may speculate a bit. When him and PEMCO went into gather and LOANT money to CDEX. JB was to throw in 100K bucks. One might speculate that he has thrown in with PEMCO and the two of them together are gonna foreclose.
PEMCO, being an LLC nae doot has membership... but not really clear as to whom that is... Including the ID of the CEO of the LLC. They do have a Lawyer over east somewhere. It has been reckoned that them GOODOLE BOYS over in the eerie UFO lights of LUBBOCK are members.
In the meanwhile, any shares that OSPREY may have ain't doing them any good because they are restricted and will be forever unless somebody comes up with a forgotten SEC filing. As somebody has here posted their shares are "ironed" ...
To summarize further, OSPREY got ahold of 7.5 million shares of CDEX, for which greatwonders and rotton cucumbers were to ensue.
OSPREY wants the rest of their 12 million shares. They claim that they want them as was first agreed but only got the 7.5 million.
CDEX wants back the 7.5 million shares that they already paid to
OSPREY. OSPREY did not get anything done for CDEX.
So PEMCO wants all of the assets of CDEX, when they do the Foreclosure. Including those shares now held by OSPREY.
I see no mention anywhere of them IG-FOURS that was claimed to be about ready to ship two or three years ago. Wunner whahaPPoned wid dem?? Arybody knows?????
Wunders tambein whahoppen to pore ole Streety?? Don't reckon he hath expired ner nuttun d'ye??
ITEM 1.02 TERMINATION OF A MATERIAL DEFINITIVE AGREEMENT.
Effective May 28, 2015, CDEX Inc. (the "Company") entered into a Consulting
Advisory Services Agreement (the "Agreement") with Osprey Capital Advisors, LLC,
a Florida limited liability company (the "Consultant"). The Agreement called for
the Consultant to provide advisory and consulting services to the Company,
including introduction to, and establishing relationships with, individuals and
entities for possible investment in the Company, guidance on markets, product
distribution, employment, board development and related matters, business plan
development, review of the Company's long- and short-term growth objectives,
investor relations and public relations services and the Company's approach to
its business and financial strategy and efforts taken by the Company to date to
develop investor interest. As consideration for such services, the Company
agreed to issue to the Consultant an aggregate of 12 million shares of its Class
A common stock, 7.5 million of such shares were issued upon signing of the
Agreement.
The Agreement had a stated term of 240 days. However, the parties have been
discussing terminating the Agreement at an earlier date. The Company indicated
its desire to terminate the Agreement in a letter to Osprey, requesting the
return of the 7.5 million shares issued under the Agreement to date. Osprey
requested issuance of the 4.5 million shares remaining unissued under the
Agreement. The status of the Agreement is still under discussion.
In summary, the company has no money. The only assets some patents.
PEMCO has given notice to foreclose.
ITEM 8.01. OTHER EVENTS.
The Company is filing under this item to update the shareholders and the public
as to the current financial conditions of CDEX Inc.
The Company filed a five day extension to file our 10-Q, stating that it lacked
the funds to complete the filing. To date, we have not received the necessary
funds to pay our accountants, attorneys, and other service providers to complete
the filing, and thus are unable to do so. Furthermore, we do not foresee funds
being provided or coming into the company to be able to file in the near future.
As stated in CDEX's prior filings, the company relies on various means of
funding, including but not limited to investments from accredited investors to
continue operations. The company has been aggressively seeking financing from
investment banking firms, financial institutions and high net worth individuals,
in various proposed deal structures. However, the company has not been
successful in its efforts to acquire the necessary funding to continue its
operations, and is currently insolvent.
In October of 2014, amid efforts to secure funds to continue operations through
other sources, Pemco LLC (one of CDEX's longest and largest investors) along
with Jeff Brumfield (CDEX's CEO) provided bridge financing to the company
pursuant to a Line of Credit Agreement upon which the Company has drawn
$470,000.00 in principal to date under Promissory Notes issued thereunder. The
terms of the Notes were better than those proposed by outside investment bankers
offering bridge financing, and the board determined that this offer was the
least burdensome, most favorable source of financing available to the
Company. The Notes were unanimously approved by the board of directors, and
were disclosed and filed in the Company's Current Report on Form 8-K on October
17, 2014, and in all of our subsequent Quarterly and Annual Reports on Forms
10-Q and 10-K and reflected in the financial statements therein. Under their
terms, the Notes were due within six months, and were secured by all of the
assets of the Company including the intellectual property.
Throughout the term of the Notes, CDEX continually sought financing to replace
or invest alongside the noteholders. On March 31, 2015, the Notes' maturity
date, the Company had not succeeded in securing funding and was unable to pay
the principal and interest then due. Following discussion with Pemco LLC, both
of the Notes were extended for an additional month. The Notes were subsequently
extended for each month thereafter until August 31, 2015 and then for an
additional five days to September 5, 2015. Through each of these extensions, the
creditors have granted the company forbearance of payment of principal and
interest. On October 2, 2015, Pemco LLC sent the Company a notice and demand
letter indicating that if the Company is unable to pay its note within ten days
of such notice, it will foreclose on the assets of the Company, which primarily
consist of intellectual property in the form of patents on our chemical
detection technology.
Due to CDEX's current financial condition, our general liability policy has
lapsed, and our directors and officers liability coverage will cease in force
after October 25th. We have been notified by our carrier, that unless we secure
enough funding for the upcoming year, it will not renew. Without funds, the
Company cannot continue, and without the necessary insurance, the board of
directors and officers will likely feel compelled to resign.
Both Pemco LLC and Mr. Brumfield have indicated that they are willing to sell
their Notes to potential investors who offer to purchase them, and management is
continuing its discussions with potential investors in an effort to secure
funding. However, given the demand from PEMCO LLC and the absence of any basis
for the Company to dispute the foreclosure, it is likely that the Company will
lose it assets.
Musta been a sure enuff High Roller. 63 cents worth at ask. about a dime at bid. I did not look the trade up. LOL!!
Maybe the "LIL SOAPY" should get the job?? CEO ain't hard if there are no assets. No pay either, but think of the HONOR of it.
Is CDEX honorable?? Surely it must be. Next year,,,or maybe the year after that?? Ad infinitum... After all, it lasted well over a decade and betrayed nearly all the stockholders that supported it with words sweat and tears.
I doubt that the super LOAN SHARK has smelled the air in Arizona for months. Not unless he has some Real Estate deals in motion.
Wade prolly drops by on his way home just to look at the door. And maybe pick up a Pizza from next door.
Maybe he can be the CEO. The CAP'N aint got anything goin much. He could give it a shot. He was wunst thunk of highly afore the FORUM ousted him from here. (THANKS FORUM). Then there is that feller from Vegas named JAMMER who owes Closer some MUNNY.
BUT MP is still the most logical one for CDEX CEO. Stewart could possibly be a dark hoss.
Oil and gas prices far down from what they were before, I would guess that the Lubbock oilers have become the Lubbock Lighters. A bit light on the current money, and thus unwilling to keep CDEX a going.
Nor is anyone else so willing. Nothing from Nothing = zero even in kindergarten classes.
Always before, the CDEX "savior" has been MP. He "rescued" it from the LOCH BOYOS and later from CEO Griffith who had dashed about taking Loan Shark loans from the present CEO.
MP was/is a very convincing liar. So if CDEX is going to continue
to do more than over 16 years as a SCAM.. then it is time for MP to take it over again..
CDEX has NOTHING not even hot air any more. MP could be depended upon to generate massive amounts of that.
So it is MP for CEO or nobody....LOL!!
ABOUT A DIME'S worth traded TODAY..in fact!! Or so it was reported.
Prior to giving notice that they are/were not able to file the Q report, for lack of funds, and failure to repay the fake debt, Cdex could have perhaps filed a form 15 when the so called debt had reached its last (final) extension.
They could have then been exempted from the obligation to file by the SEC on the obligated filing date.
As it is, CDEX is not exempted and the failure to file means that they are still obligated, but are now delinquent.
Rule 144 is thus not available to remove the restrictions on restricted share holders and convertible debt holders and will not be able to do so until CDEX can become current in filing.
By use of the file 15, which is now too late, Cdex could have went pink, and the rule 144 restrictions eventually removed after a year.
As it is, it is cure the Q filing or stay delinquent forever. Shares and convertible debts, SAYONARA, as they say in the far east. BYE BYE WORTHLESS.
But the non-restricted shares can still trade. So yall trade away. IF YOU WANTA...
But there would be some lawsuits maybe.
The CEO made himself vulnerable, (along with the Oil Patchers) for a slew of those if they try the pinko move. Let us as usual see what next...if anything at all.
Anybody wanta guess if CDEX can even jump to the pinks??
As a PINKER, there would be no SEC involved, no filing necessary.
And what of OSPREY?? They now have multiple tons of restricted shares and no way to remove the restrictions unless CDEX is a reporting company. So the shares are worthless for selling or even giving away.
Normally it is necessary for OSPREY to wait six months and then get a legal opinion by form 144 that the shares are tradable. But that can occur only if CDEX gets a pile of money to do the required filings, along with many other hoops to jump through to now become a reporting company.
So CDEX now has a gun to Ospreys head. "Either come up with the money we need to become reporting and viable, or your shares are not gonna getcha anything at all"..is the song.
But OSPREY does not usually lay out bread to clients...they just publish a lot of BOOLSHEET and maybe get some fool with money to finance CDEX.
With gude ole JIM resigning from the BOD (long overdue) it is less likely than ever that any fools with money will some running with the money to "rescue" CDEX. Evidently, the OIL PATCHERS ain't a gonna do anything else...That fake "LOAN" was the last gasp.
Well yeah, lotsa "accusation" no doubt. But few would accuse the principals of owning any integrity and more than zero honesty.
A wounded skunk smells better than does the microscopic remainder of this ancient scam.
But scarcely better than it has smelt from day one.
There is no earthly reason to file at all. Nothing to sell nothing in development. Just plain mothing, period. BYE!!!
Could it be that he still has a Proxy Writer..or maybe two??
Does not matter much though.. CDEX is dead and not many really seem to care much.
The investment money is long gone.
Some claim that MP is gone away for good. But he still owns a heap of shares. And some, including me, believe that he is the true power if and when he chooses to use it, if ever. He selected JB, the present CEO long before his coronation, because JB had some
BK prollems in Cally to take care of.
But there is nothing in CDEX to fight over, so MP most likely sees no reason to mess with it.
Maybe stored enough from CDEX to last him a long time, if not, the SB can bloody starve insofar as I am concerned. But ensconced as he likely is over in the AMEN corner, In the NC/Maryland area he likely will not hurt for Biskits, Sow Belly and syrup to sop with it.
AS for AULD HIMEY, that rapscallion went away a long time ago and morphed into CROW... None of the older posters are still around...
The CAPN and Closer and all them also long give up and went away.
The LYIN CEO and some LUBBOCKERS made false loans to themselves using all Company Treasury shares as collateral and ain't paid anything back.
So far as I know, though, they have not yet settled whether they gonna foreclose on themselves.
But it is an idea still open. Might take a grain of care if anybody wants to complain to the law, or courts. But hard to say whether anyone cares enough to go to the trouble to complain.
This Company is deader than a dead possum in the August Sun by the roadside for 10 days.
Ain't hardly nobody here no mo, Sass!! And the only rich ones are the CROOKS. Scamsters. The BOYOs from LUBBOCK have done given up.
The CEO and his pals went back to Cally, leaving nobody with anything to say or to sell except maybe stuff on EBAY. The rent done past due, I done heard. Only Wade seems to be around and he might drive by the LAB by accident on his way summers else.
CDEX is stone cold dead but I spec that somebody will maybe open up a pool hall or a toenail place or sumpin there.
I just show here wunst in a long while to keep everbody half honest.
How does one write FINIS to the CDEX scam?
It is obviously a dead thing.
Has the "LAB" been abandoned And the lease unpaid??
Is there anyone around to make sales of even such small things as cuvettes?
Who, if anyone, controls and manages the remaining company shares if any??
Can the last lenders, JB and PEMCO LLC claim the ashes by default w/o benefit of court approval??
If so why the heck should they?? And who would object if they did??
If they are stuck with a long term lease they could sub-let to a shoe-shine or toe/finger nail emporium, or sumpin.
At least they should go BYE-BYE with a modicum of dignity.. instead of just a dumb joke, as at present.
HAVE THEY NO PRIDE???
So far today, it only took about a nickel to hold it up above a penny..LOL!! Waste of a nickel. Might be able to buy a lollypop with that much money!!
Looks dim for those that pretend that EVENTULLY Cdex will be a winner!! Card board demo=er or not!!
CISCOS spies say NOPE. NOBODY HOME. They are all off doing OTRA STUFF.
Truth is, even if it worked, which obviously it does not, It would be worthless as a way to stop opiate theft or "Diversion" in hospitals and pharmacies.
Expensive toy, but nobody buying.
Yer right. TROO BLEEVERS are scarce, and getting moreso. Passing time w/o Useful Action will tend to do that very thang!!
BTW, I took the GED wunst, and gottem all, everyone of them right. Did not miss ary a one. Which led me to bleeve that a HS deeploomer ain't worth much. And a GED cert worth even less.
But that was only my opinion based on my own experience. Others found it a bit more difficult.
I was self taught by an ignorant man, after all!! LOL!!
Anybody iggorant enow to jump outa a airplane in flight canna be sae very smart, right??
But I knewt enow tae see very early on that CDEX in alla its
previous incarnations Is nothing at all excusing a SHARE SELLIN SCAM.
WHICH IT STILL IS...but moreso!! Just ain't sellin any.
Since no news is good news, MAYBE even sometimes GREAT, one might predict that today is the breakout day for CDEX. One might look for an ASTOUNDING jump in volume and SP.
Could be that JB and WADE have been sitting on unreleased news that will startle all, and create UNPRECEDENTED jump in VOLUME which we have been told in the past is the ultimate clue that
that riches are a-coming...!@#$%^&*()!!!!!!!!!!!!!!!!!
BUT BEWARE!!! It could be that those two gents sitting on that news that could be so fine, have smashed it. They are a trifle overweight, after all!!
But hang on, ye TROO BLEEVERS!! If not today, maybe next year or at least the year after that. By then it could be unsmashed!!!!!!!!!!!!!
Ran across a stock that CDEX should merge with.
Equally non-sensical and in the "development" stage. Got a talented promotional company bragging on it. It claims to detect cancer in the early stages by smelling ones breath!!
Called ZENO.
The CDEX DOC should LOVE this one!!! LOL!!
No need in pointing out the obvious. Current management is incompetent and on life support from the OIL PATCH.
NOT SUSTAINABLE even if the IG4 would only sell some. EVEN ONE!!
BACK TO THE HEYDAY??
CDEX is dead, but if not quite dead, certainly terminally anemic.
I think CDEx ought to go back to the old landmine detector story - it'd have more credibility than Valimed with about 10 consecutive years of failure. Gotta go grab that "Elf it flies" off the back burner and redo the demo on the Capitol lawn and the Taiwan Power beach hole-finding thingy.
That is true, back in those days they had the special Xray that could detect a non-existent ELF plume and even find holes leftover from munitions clearance on Tiawan!! And a virtual battalion of TROO BLEEVERS to help promote the company.
ELF can FLY! According to TB all it needs is to be made GI proof and ruggedized. STILL NEEDED!! CDEX should ressurect that Thang and put it on sale!!
MP (P4316) says ELF will sell like hotcakes. Buy into this stock, LOCH STOCK AND BARRELL, and your GRANDCHILDREN will bless you for the family money!!
If only they could get a Washington lawyer with a background in nuclear engineering and a former Army officer with connections in the Army engineers could step in and get the ball over the goal line with some Army and Navy tests - or get the ID2 to be tested by the Missouri State Highway Patrol - say, where is that MSHP report anyway? Musta got lost in the mail!! TaiPower?
I hear that both TB and MP are still alive and kicking SOMEWHERE!! Hireum back!!
Yeah, that Diverson thing. It is a problem, but not one that a CDEX Doo Hickey can solve.
So long as drug addictions last, they will be fed by theft of opiates of various kinds. Either used by the Thief or whomever he sells it to, or both.
The only thing that a Hospital can do is to do their best to MANAGE the problem by well designed methods and procedures. The problem of using something like a Valimed or the like is where would you locate it and whom would you trust to operate it and report any thefts. (Assuming that it really works!)..
If a theft is reported then the hospital would then be faced with a WHO-DUNNIT. But they already have that problem but no solution other than firing the caught. Or reporting it to the police.Good luck on THAT!!
Hospital workers have no time nor training to be a detective.
JB put up 100K, PEMCO/ANGELS put up 200 K.
I wonder which wanted the extension on the (GIGGLE) "LOAN??
And which "NEGOTIATED" ?.. Or did that famous negotiator "ANGEL" RS do it??