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CDEX INC products returned
CDEX INC ZERO products
Boo-Hoo, Some investor or shareholder see's the truth while doing some due diligence. All one has to do is read CDEX SEC filings and Press releases, look at the stock's history and then explore the principles of the company. Me, I would guide them to the CEO's bankruptcy record, his glaring lack of education, nepotism and his role in wiping out shareholders in the CDEX bankruptcy he caused, etc. Then they could explore the CFO's record, and the total of five employees records, shouldn't take to long.
The real bottom line they could look at the company's past income, net profit margin and the amount of shares on the street, and compare that to the fact the company has ZERO products.
The prospective investor should also go the cdex web site and notice how stale it is, oh and I highly suggest they look at the ytube videos where the prop g4 is used to pretend in a dog and pony with poteet and bumfield.
http://cdex-inc.com/
CDEX monies buried in hole
In Vail AZ, that's correct. Look you do know that some of the over 35 million gone from investors over the years is there. I say buried in a hole, cause it is well protected in several of the available money hiding schemes that only shall we say questionable money handlers would suggest. Wouldn't want anyone getting a hold of it in some angry lawsuit. The recent passing , was a close relative of the Lubbock angel and not a principle.
CDEX INC Dead? Maybe..
One of Cdex INC's biggest investors may have assumed room temperature. Sad times in Lubbock, staff still checking for the obit. But, suckers may abound in Lubbock. RIP, Rewards programs are what they are. Cdex could always dip into it's own wealth accumulated over the years out in Vail AZ, before that goes cold.
Keeping it real, as one supporter always said. GO CDEX!
CDEX INC awaits next sucker check
The 10Q from March indicated that the scamters had 62K in cash revenue mostly from client payments. That would be about 21K a month up to this point (62K divided by three months). That would after the rent is paid for the hole in the wall mall slot be about 19.5K a month. Dividing that by the total number of people on the payroll (5) would be about 3.9K per person. That assumes that daddy's little boy get's the same pay as "the team" and the CFO, CEO. Then we are told that poteet has traveled to the supposed beta test site(s). Seems to me that cdex is just about outa dough. Past history suggests that when the dough is low the chief scientist is a no show, no pay no show, that's the way he rolls. So we must assume that bumfield is on his knees somewhere begging for another sucker check. Ole jeffy , have a jeffy day!
Cdex Inc investors beware!
Dumping the Cdex CCT
Agreed, the process works now. I could see it you could NOT read the labels on the container , however if that occurs one would hope that what ever it was in the container is deposed of, since to process has broken down and needs to restart. As far as stopping wrong dose wrong patient that still will have to be stopped at the patient , not in the compounding Pharmacy. These processes are all ready in place in hospitals. That's why there was no rush to buy the Valimed one , two or three. Heck it got so bad back when that Baxa, a big name in Med supplies couldn't sell those boat anchors and had to dump them. Now with hospitals dumping the CCT, for lack of use or because the thing just didn't work right, I see no rush to the strip mall in Tucson to see the dog and pony from poteet and bumfield or to be lied to.
Cdex legal issues?
Let us have a look at it away from the insider. First if the prop g4 is looking with it's hacked Raman laser through IV bags, vials of dope and syringes to build some sort of data base or library, those containers must have dope in them. Fresh dope cost money, add mixtures cost money, proper blending of dope and add mixtures cost money, sterile conditions cost money.
If one would remember the previous cdex under Malcolm Philips add a lab full of people, chemists, doctors , techs, etc.. The present cdex has two left overs from the past cdex, a CFO, a bankruptcy specialist, and some kid that can't get a job on his own and needs daddy. The point is that the whole operation can't get there without outside help. So what to do?
Fool someone into letting the prop in the door to build a library off someone's compounding pharmacy. That saves you from paying for the expensive dope, the people to mix the dope, and hiring of those people. My bet it's ole Jim Stevenson, it's not like he doesn't have an interest in it . Of course the team at cdex would certainly embellish that to several unnamed hospitals so as to impress the fools that are funding the scam.
This all leads to those forward looking statements in the 10-K, the "we expect" crap that I have posted comments about previously. Trying to sell a lump of metal like the prop without a known use or record, without a real purpose would lead to just what you have, nothing. The prop has been on a road show with all it's showmen for several years now and no one wants the damn thing.
The problem is that if the prop isn't certified to be in pharmacy environment, is coming in contact with otherwise sterile product, etc., then there could be a some legal issues. Investors have yet to see an announcement that the prop is certified to be in anything other than the land fill with it's predecessors. Of course that has never seemed to bother the principles, one in particular at cdex over the last 14 years or so.
CDEX Inc a bad investment
Questions concerning the Cdex Inc technology.
The CCT that was returned....was it from lack of use or was it because it was so messed up that it was unsafe in the hospital?
As word gets around that cdex and it's CEO are liars out to just continue a scam, will that have any effect on the decisions made by hospitals to invest scarce monies for cdex junk?
At the end of 2014 when the supposed beta testing if finished will there be anymore lies concerning the prop g4?
When will investors see another dog and pony video from bumfield and poteet highlighting some new hacked product offering from cdex?
Does bumfield really believe his own lies?
Cdex Inc fooling investors with lies
Cdex Inc deception to fool investors
There may actually have been an operators manual. Of course the manual would have been hacked from the manual that came with the Raman machine that was stuffed inside the prop box.
Interesting that if the 10-K provides insight into the deception just now supposedly in beta testing, then what was it that was being "Demo ed" at those shows and to those "private" shows bumfield said occurred? Yep, they claimed to have put a Raman shattering, photoBS, FFT, enhanced software platform ,Blah, Blah, Blah, all together and in working order years ago, sure they did!!! Can you say put it in you shopping cart and check out, free shipping.
Here's part of a post from the now inactive raging bull site posted by captwow describing parts of the manual...
Cdex continues lying
Penestreet:
Cdex suckers set
Well that's the point isn't it, that it takes suckers to keep this SCAM going cause it isn't and won't be the sale of marketable products. Never has been the idea that the so called inventions by poteet were anything other than props to bring in the unwary. As for bumfield who would chose a loser like that? Look at his losses in his personal businesses, his lack of education, then the brankruptcy he caused at cdex. Of course he fits right in with poteet and the others.
Cdex Inc still has junk to sell
poteet's sales are keeping it moving forward, bumfield who knows....cdex still may have some more junk to sell on Ebay, but after that they may like I have been saying have to find some new suckers who will take some worthless stock and warrants for cash.
Cdex arbitration Ibid
From Pennstreet:
Cdex Ebay sale?
Cdex fools
You're welcome. Just remember that these folks are known to move in a circle of fools, so it won't be hard to find some more to move the scheme at cdex forward. Cdex and it's center has been very successfull drawing in fools for years, like flies and fresh..., well you know what I mean.
Cdex lies from the bankruptcy
Anything you may have seen in the bumfield cdex bankruptcy documents that came from bumfield were just stuff made up from whole cloth. The point of them having the g4 prop nearly ready for production was a complete lie. They had to tell that lie to prove that they had a plan, so the fools that were going to give them money in the "loan to own scheme" could convince Gemini and others to vote to approve the plan. Remember calls were made to Gemini to just drop their note or play along. Here is what you were referring to....
17 Status of ValiMed G4
18 Currently three units are in working order in final form. One is being used as the demonstra-
19 tion unit, another is the data gathering unit, and the third is being used as a laboratory device. The
20 following actions must take place before the product is ready to be shipped to the end user: comple-
21 tion of a minimum of fifty different signatures of drugs for the initial library; the units must be
22 certified by CE marking and Underwriter's Laboratory for use in hospital settings; the product must
23 be sent out for third-party testing; and the units must actually be built for delivery. With DIP
24 financing, the debtor anticipates being ready to ship the first units to customers by late May, 2012
All of that was complete LIES! But what did anyone expect from the people at cdex. Also note that none of it is still true. To investors buying stock on the market it should be a clear clue about the stock. To the fools that sank money into this back then it should be a painful reminder of just who they are dealing with.
Cdex Investors gives millions for worthless stock.
No worries if they are like bumfield they will throw millions more at it for a bag full stock certificates so that some day they can cash in. At .016 those shares are easier to carry, comes in rolls with cardboard tubes.
Cdex gives insiders clues over other investors?
Cdex lies to much
Or sure. The cdex investors might want to consider that bumfield is just lying again to them about an unnamed beta test "site" just to keep the checks coming in.
Cdex stock buyers might want to know is this the launched and commercial production g4 from a couple of years ago or that prop seen on the website with the cheap computer on it and the kitchen cabinet handle.
The bottom line is that so many lies have been coming out of the bumfield cdex operation that no one believes except for the fool that has too because he stupidly sank another million into it.
Cdex junk website awaiting check from angels
pennstreet:
Cdex lies
I'm going with lies. Lies to save the inonits their skins and all the shares they have granted themselves, their big salaries, the jobs for their less than ready for the world kids (if you think nearly 30 is a kid), etc. And of course where else are these people going to get jobs, unskilled as there are.
Cdex meth gun dies slow death.
Like all the rest of what cdex has produced albeit in very small prop or demo numbers just to keep the sucker checks coming in.
Cdex points out lack of facts
Just make it up as ya go.....
Decatur Electronics dumps Cdex junk
From the way back machine......
Of course this is when cdex had 30 plus employees, engineers, chemists, on staff doctors, all with college degrees, before being wiped out by the exist of the quitter and then the bumfield bankruptcy. Not what you have today, bumfield , Mr savvy, ole GED and son. The real story is that the ID2 never really impressed "8,000 police, school, military, and other security customers worldwide." as this press release reads and still doesn't.
TUCSON, AZ -- (Marketwire) -- 02/25/09 -- CDEX Inc. (OTCBB: CEXI) www.cdexinc.com announces the signing of a three-year Master Distribution Agreement with Decatur Electronics, Inc. to market its ID2 Meth Scanner and future illicit drug detection devices on a global basis. The Agreement provides an exclusive marketing right to Decatur in the USA and Canadian markets and on a non-exclusive basis worldwide. Decatur will market to law enforcement agencies at federal, state and local levels, prison and jail facilities, Department of Defense and Homeland Security agencies.
Decatur Electronics, www.decaturradar.com, headquartered in Decatur, Illinois is a leading manufacturer of radar speed detectors and in-car video surveillance equipment for law enforcement applications. Decatur was recently purchased by Bowmer & Kirkland, Ltd., www.bandk.co.uk, a U.K.-based, international holding company with extensive positions in global security markets. B&K annual sales exceed $1.5 billion.
Kris Pearson, Director of Marketing for Decatur, talked about the partnership. "The ID2 Meth Scanner brings an exciting new technology to Decatur Electronics' product offerings. We are continuously seeking new ways to help our law enforcement partners and the technology provided by CDEX elevates this commitment. The ID2 is a safer, highly reliable device that police and others can use to detect illicit drugs. Decatur also eagerly anticipates new product development and ongoing product enhancements with CDEX. This technology will provide new applications for our law enforcement partners. We look forward to bringing the ID2 Meth Scanner and other CDEX products to our more than 18,000 police, school, military, and other security customers worldwide."
Steve Schmidt, VP CDEX Security Division, emphasized the significance of the Agreement. "We are very excited about this development for the future of our illicit drug detectors business. Decatur is a perfect partner for CDEX, based on their track record, market presence and aggressive growth strategies. They developed the first police speed radar device more than 50 years ago and have been the market leader since. They are an ISO-9001 certified manufacturer and known for quality products and service. We are particularly impressed with Decatur's large, nationwide direct sales force whose members nearly all have a law enforcement background. They are excited about selling the ID2 Meth Scanner following a substantial market trial and testing period and are enthused about additional future products, including the ID2 Narcolyzer(TM), which is in final development stages."
Mr. Schmidt went on to say, "Decatur is a Federal GSA supplier and very savvy about developing case law for their products. The ID2 Meth Scanner will be co-branded by CDEX and Decatur and will be featured at Decatur trade shows and in marketing collateral and promotions. Decatur will introduce our products to their international operations around the world through B&K."
Cdex Inc a large load!
Cdex insider story telling
poteet paid nothing except his share of the arbitrators expenses. A group of employees won that arbitration. It was "filed by" a group of employees. Each of the employees testified. Each was granted an award. The employees had to pay one half of the arbitrators compensation and expenses, cdex paid the rest.
Of course poteet did get one of his toys back that he couldn't stuff in his car trunk when he quit. Must have been heart breaking for him not to be able to sit next to Malcolm Philips at church that Sunday.
Cdex Quitter
Cdex Inc expectations
Imagine sinking 50K Like the good doctor Terrell did in hiring the BK Lawyer. And this from the way back machine:
Cdex Inc press release February 2, 2012,
Sales Order for pocket ID2?
From the way back machine...
CDEX Inc. November 10, 2010 Press Release. More nothing.....
Cdex Inc ID2 "available soon"
Cdex back in 2011 put out a video that out and out lied about the ID2. Watch this cdex produced video and note what is said at the 2:17 minute point. Goes like this....
Cdex Inc "SCAM continues"
The orbit of crooks may have changed but the nucleus is still there. Still after 14 years. The attraction is mutual and when things go bad for the core then the orbiting crooks are replaced with new ones. Of course one must admit that this sort of "business" model has been very profitable for the center through the years.
Cdex Inc CEO talentless
Yep, if you really research what happened he was escaping his own bankruptcy mess from the land of fruits and nuts. He really had zero experience at being anything other than a real estate promoter who road the bubble until it popped. He joined into a scheme that was successful at keeping the checks coming in with the promise of wonder machines created by the great wade. The great wade having successfully rode that home grown pony for years. Like I said in an earlier post , show me a successfully product from cdex that is still around after 14 years and nearly 40 million dollars. On the other hand you could always show results as it pertains to the inonits. Look at the past salaries , look at the homes built, look at the kids, wives, friends kids, etc. who soaked up pay checks. And as far as we know it still go's on. As long as there are suckers to be found.
Cdex Inc TOAST ?
I do believe you are on to something. If you look at the monies given to the "team" after the bumfield cdex bankruptcy some of it definitely went into producing the now dead web site. Then there were the slick videos showing the prop being demonstrated by poteet. Tough to find those videos now. I loved that one video where poteet is taking notes off that cheap computer atop the prop, later the same note was stuffed into the output port of the supposed printer. Then there was all that vacation time and travel to numerous supposed "shows" of the prop. Then there was the board's vote to raise the compensation levels of bumfield and others. So it's really no surprise to anyone who has been paying attention the last 14 years that the dough is almost all gone. I sure hope they find some new suckers to fund the continuation of operations. I mean what are these people going to do if they actual have to get jobs that require real results.
Cdex Inc the dead zone
Anyone out there wondering what's going on. Haven't heard from the insider in a while. The last time this happened was right before the bumfield cdex bankruptcy. Usually talk of the CEO's business bankruptcies and nepotism will simulate some discussion. However one has to wonder if the rent money is due and the people that pay it aren't answering the phone anymore. Or perhaps this weeks pay checks are as they say "in the mail". My guess is the team is working on their resumes. Experience: Business undevelopment and bankruptcy, lots of savvy, education: none , yet smarter than say an engineer or lawyer, I often told myself this. Willing to travel: yes as long as it's someone else's money. Call and leave a message for as long as the phone remains hooked up.
Stipulation to Dismiss CDEX Inc
This is a stipulation between parties to dismiss a lawsuit that has been filed with prejudice, usually because a settlement has been reached. This agreement must be filed with the court. Afterwards, the lawsuit will be dismissed with prejudice, meaning it can never be refiled. It also includes an Order to Dismiss, which is a document for the judge to sign making the case officially over.
Yep it was dismissed because cdex had to and still does pay ASD some cash for the use of an ASD patent concerning the Valimed generations one, two and three. As Ole Jim Griffin said in a tele-conference with shareholders "we're just gonna to have to make that go away..." . Of course you were there doing your due diligence, right?
Now, in order to make the payments to ASD go away just stop using the patent rights, ego, make the last generation of the old Valimed go away. So long CCT and the revenues it brings in. At the same time the team "invents" generation four. Of course the laws of science and nature sorta get in the way. In the blink of an eye the "team" comes up with the answer, just order it over the Internet, and pay the shipping. What magic to have done it all right after bumfield takes over.
Mister Savvy, jeffy inherits those pesky debts, notes and payments at the take over point. Gosh what to do? The oil patch boys won't lend me a dime unless I make all this debt go away(according to the bankruptcy court, "the loan to own scheme"). Oh I know, bankruptcy! And so it goes, debt free, and the promise of a new gee-whiz machine that does it all. The real cdex longs and all shareholders are wiped out, so long Capt Wow. That was all nearly five years ago. Now the sucker monies are all nearly gone. The g4? No where to be found. Still working on it. Delayed launch! Step right up, you're next! Suckers believe! Just another couple of years and this thing is ready to go!
CDEX Inc sued for patent infringement
March 12, 2006
Analytical Spectral Devices, Inc. brings suit against CDEX, Inc.
Analytical Spectral Devices, Inc. (ASD), a manufacturer of rapid, precision, analytical and quality control instruments, announced today that it filed suit against CDEX, Inc. In its Complaint filed in the U.S. District Court in Denver, Colorado, ASD alleges that CDEX’s ValiMed Medical Validation System infringes upon ASD’s U.S. Patent No. 6,771,369. According to CEO and President, David Rzasa, “ASD filed this suit to protect its valuable intellectual property.”
About ASD
Founded in 1990, Analytical Spectral Devices manufactures cost-effective, precision, transportable and field-portable, laboratory-quality Vis/NIR spectrometers, spectroradiometers, spectrophotometers and corresponding software and accessories. ASD’s instruments perform well in a range of environmental conditions, in and outside the laboratory, and have applications in pharmaceutical, nutraceutical, analytical chemistry, mining, grain, food and dairy, remote sensing, pulp and paper industries world-wide.
.http://www.asdi.com/about-us/news/asd-enforces-pharmacy-validation-patent
CDEX g4 a fake?
I never said it was fake, I said it was a prop. The lawyers will say something else. You don't think cdex is still paying for the last patent F-up do you? Bet they are...