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"...one would have to point out the obvious, unless one is present 24-7 beside the Cdex CEO, one would have no idea how much work the CEO did."
So you really have no idea either, I thought so.
Still trying to build JB's image and put him on a pedestal just like you did with Malcolm Philips. LOL
Keep trying.
JB did probably have to take a hit on his excellent credit rating. LOL
Actually, JB didn't do much, the bankruptcy attorney and CFO did the work.
What does 'imi' mean? Typo?
Oops, whoops!
Those vendor/creditors better get the restrictions removed from their shares so they can at least recover something. They've already lost 80% of their equity.
Like I stated, an exorbitant salary for a small company just out of bankruptcy.
Nothing has changed since the last CEO.
Nothing, the sacm remains the same.
I'm not talking about "MP and his three buddies", stay on topic.
Cantina eh?
Please show me where I said there was no money at CDEx.
Cantina eh?
$195,000 per year straight out of bankruptcy where shareholders and creditors all got screwed.
Good job Jeff.
Brumfield is making $195,000 per year (plus expenses). What a joke for a little company operating out of a small shop in Tucson, Arizona.
Just like MP, Brumfield is milking the kitty while the gettin' is good.
Nothing has changed from the PR's to the salaries. LOL!!
Lo mismo.
Don't sell yourself short pennstreet, that "BINGO" could have been for you.
Pennstreet has an excuse for everything. He loses all credibilty being a know-it-all and claiming everything he says is a fact with ZERO proof. ZERO.
I find the person most inexcusable is POTEET...
... or has he been so busy in the lab that he has no clue what's been going on? Hardly.
Point men come and go, but Poteet has been around too long to be unaware.
Hello Pennstreet, hello, you're the one that's missed the point entirely.
]You don't throw away your money into a known SCAM! PERIOD.
The people are the company.
If the principals of a company are releasing false and misleading PR's, making claims about product performance that can't be achieved, taking in exorbant salaries and bonuses, paying friends and family as consultants... the company is a straight up SCAM!
That's exactly how this scam has operated from day one until this day.
There's no way to change a scam by bringing in a new point man, who has to hide all the dirty secrets. Valimed is a failure. I believe more units were returned than ever sold. The Myth Gun was a complete joke, the only thing that CDEx has is its dirty reputation.
Lies, lies lies which continue to this day.
But then again, one has to lie to run a scam.
Pennstreet, yes you did, I've already shown you your posts.
You said Loch and the first nine years of CDEx were all hype and bogus PR's. That's illegal and called a scam!
You even said since JB came on board, CDEx moved past the scam years. So you are definitely acknowledging it was a scam. No question about it.
However, I think the scam is continuing exactly as before, nothing has changed one bit.
JB has certainly proved that to be true.
You got it wrong pennster, we're talking shares, not dollars.
There's really no way to talk dollars since we don't know what their PPS entry point was.
So if they entered with 100,00 shares, they'd have 220 today- worth $13.25.
If they entered the market at .03/share why would they want to dump $25K into a known scam when their original investment was only $3K. See my point?
Some are definitely involved and some are probably unaware to various degrees IMO.
Just because Jeff gets the SEC paperwork in on time and people show up to work does not mean it's not a scam. As pennstreet has admitted it always has been a scam and I belive it still is a scam.
"But, lol, you cannot have had 100,000 shares of Loch stock, and today have none, lol. oops whoops, lol."
If someone had 100,000 shares of Loch, they'd have 220 shares of CDEx today- worth $13.24.
Any investment account holding such a balance would be liquidated for maintenance fees.
Investors in Loch/CDEx have taken a 1:453 R/S since the Loch -> CDEx distribution. That does not include PPS devaluation which has been just as devastating.
PPS devaluation after the latest 1:10 R/S alone has been over 75%.
When investors lose virtually everything, they don't "average down", they stay clear of what is clearly a scam.
Only a complete fool would waste any further money on what this scam is selling which is light at the end of the tunnel.
It's sickening to watch these conartist operate unabated.
BTW, someone that invested $100,000 into the original Loch scam would have no money left, zippo.
I guess no pulled that $452 figure out of your hat.
"SO if $100,000 is now priced at $452.00 per share for 221 remaining shares, what should one do?
Mercy me, if one could risk $100,000 in a penny stock 12-13 years ago, what might one be willing to risk today??? "
Today they know that they invested their money in a scam and it is gone. They have learned not to trust these lying, penny stock scam artists, especially the ones that continue to tell investors to average down and lose more money.
One does not have to be a genius to know that once you lose your money in a stock scam, you don't reinvest in it again. You learn to spot a lyin' scamster a stay away.
Virtually ALL Loch/CDEx investors have done exactly that.
"So they have NO, repeat NO, PP sales."
That means that they have to sell product to survive?
That would be en entirely new business model for them.
"Seems the team is still working to perfect the G4. Ebay purchases by a key team member suggest fiber optic and motor control issues are being worked."
That hardly sounds like they've entered the production phase.
At least they have that instruction manual completed. That manual has been waiting for a product for over two years now.
I wonder if any PP suckers took the bait on that one! LOL
Most of them know that they have less than 1% of their original investment remaining- even less with the devaluation of the pps.
After the Loch -> CDEX transition, a large number of shareholders had such little left in their accounts that they were liquidated for maintenance fees.
No doubt that is probably still happening after the latest Loch/CDEX rip-off.
Of course CDEx is loving it, they eliminated all their debt and got rid off 90% of their shareholder equity which went back into the kitty.
Pennstreet bragged about it.
51K shares dumped. The only people that have that volume of shares are the vendor/creditors.
Get what you can, ya'll paid two bits/share, but a suppose you can write of the balance.
So the distribution alone was 1 CDEx share for about 9.06 Loch shares and when combined with the 1:5 reverse split created a final conversion ratio of about 1:45.3
Is that correct?
You could be right capnmike, but I remember two distinct events. One was the "shareholder's shares" distribution, the other a 1:5 reverse split which reduced the CDEx authorized shares fom 200 million to 40 million.
That 40 million eventually increased to 100 million if I remember correctly. I don't believe you included that dilution into your calculation.
With his unimpressive (and tainted) background, he doesn't command the respect as MP did, and without that respect, he probably looks like a two bit husseler when trying to hawk PP's.
Leave the husseling to Robert, he's been know to bring in a PP investor or two. In fact, I believe that he's the one that brought in the Lubbock group.
Can't give JB any credit for that.
Maybe your thoughts on a takeover are close to the truth. I can see Robert taking over this whole operation with his close knit Lubbock group backing him.
He'd be like JB though, he'd need someone behind the scenes doin' his readin', writin' and rithmetic for him.
I believe that pennstreet do a much better job at putting MP on a pedestal. That was back when pennstreet was posting under a different alias.
Of course, MP had much better credentials to be promoted... or more accurately, MP has credentials. Jeff has the opposite, failures.
When the money runs out and the scam is in serious debt, that's when it's time to put another front man at the helm and use the previous one as a scapegoat. I've watched this happen three times now, all virtually carbon copies of the previous one.
And each time the claim is the same, Loch/CDEx is no longer a scam! LOL
" MP is most likely still in charge. Otherwise, why would there still be corporate offices in MARYLAND?"
Mp is still the de facto CDEX counsel. I'm sure he's keeping a tight rein on the lad from the backroom. Since JB is uneducated and a failed businessman, I'm sure they're trying to build his image, but the only thing they've been about to muster is that he has been on time with their SEC filings.
That unfortunately is not an accomplishment, it is par for the course. It's sad that that's the only thing that penny can come up with, over and over again. He's doing a smashing job at putting Jeff on a pedestal. LOL
Don't they have to release the minutes, attendees, etc for the SHM?
As far as we know, the SHM never actually occured, just pulled some numbers out of their hat for the voting.
The voting topics were nothing but a bunch of fluff anyway. They just needed it on record that they had one so BJ can put a feather in his hat. Worthless.
Crow, don't forget CDEx had a 1:5 R/S, then a 1:1O R/S. Also, include PPS devaluation of at least 200% (and that's being kind).
So in essence, investing in CDEx right now would be like investing in CDEx for the first time, their previous investment is 99% gone.
That's why you won't find any previous CDEx investor putting anymore money down this rabbit hole.
1)She buys 9 shares at 6 cents, her average becomes $215.05 per share. 9x.06 = .54 cents
She throws away another .54 cents
2)She buys 99 shares, average at $21.56 99x.06 = $5.94
She throws away another $5.94
3)She buys 999 shares, average at $2.21 999x.06 = $59.94
She throws away another $59.94
4)She buys 9999 shares, average is .27 cents per share. 9999x.06 = $599.94
She throws away another $599.94
5)She buys 99,999 shares, average is .081 cents per share. 99,999x.06 = $5,999.94
She throws away another $5,999.94 ON THE CDEX SCAM.
Creditors that received CDEX shares at .25/share have now been devalued by 76%. When those shares become tradable they better get what they can before it's too late.
When are those CDEx vendor shares (which creditors were forced to accept at .25/share) going to become tradable?
They've already lost 72% of their value.
Hey pennstreet, can they average down? LOL
Remember the phony ELF AND EM-1? Remember the phony x-ray fluoresence that both Loch and CDEx claimed to have?
Well here's another conman peddling a similar device:
http://www.cnn.com/2013/05/01/world/europe/fake-bomb-detector/index.html?hpt=wo_c2
Pennstreet says:
"I have never claimed "loch harris" or "cdex" is a SCAM."
Pennstreet says:
"Cdex moved pass the Penny Stock scamster stuff, when a true business man and leader was brought in by pper's. A fact that MANY know to be true."
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=70301956
Pennstreet says:
"Loch/Cdex shareholders and ppers deserve the opportunity to have a chance to re-coop invested dollars on real products sold to those who want the products. No hype on bogus pr's, as was the norm from the loch days and first 9 years of Cdex."
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=67689575
Hype and phony PR's are STILL HAPPENING to this day. That's why MOST PEOPLE BELIEVE that this is the exact same scam, just with a new golden widget and a new, uneducated CEO.
One other point, there is no possible way any shareholder will EVER recoup there money from this scam. Even suggesting that, as you have, shows why no one trusts you or believes a word you say.
That's a known fact.
Wade poteet, President of CP Systems and Principal Scientist of the CDEx scam*.
The telescopes are being designed and built in Tucson, Ariz. Each telescope includes a 5-foot, 3-inch diameter reflecting mirror and will weigh more than 35,000 pounds, according to Wade Poteet, the president of telescope manufacturer CP Systems.
“This one turned out to be something of a monster,” Poteet said of the project.
http://www.dispatch.com/content/stories/science/2012/05/27/eyes-on-the-skies.html
Poteet appears to be a busy beaver, Poteet and his partner, Harold Cauther of course.
* Poster 'pennstreet' has called CDEx a scam, but claims it isn't anymore. However, everyone is still waiting to see confirming evidence. So far, it looks like business as USUALLY.