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kmryp00, I included the 1:5 CDEx reverse split. Remember?
You're right kmryp00, taking the advise of an insider is not a wise thing to do.
Likewise, averaging down is just plain stupid, although there are people that would love to see you do it.
45.3 x 5 x 10 = 2265
If you owned Loch at .10/share your CDEx equivalent would now be .000044 of a cent FROM STOCK DILUTION ALONE.
Saying it differently, if you owned 100,000 shares of
Loch and held tight, you'd now own 44 shares of CDEx (currently worth about a penny and a half per share).
Remember when shareholders owning 100K shares of Loch would make $1,000 for every penny increase in the PPS?
Those were the days.
The royalty fees to ASD are for the Valimeds "placed", not the iG4. The iG4 doesn't exist in any useful form, just a concept with an imaginary 40 page operator's maual to sell PP's and 50 or so imaginary signatures (according to your post).
Crow, just look at the amount owed to ASD on the creditors list and that will show that CDEx was (is) paying a hefty royalty fee for the privilege of using ASD's patented technology without admitting fault.
I was surprised at how high it is considering how few Valimeds have been "placed".
The chance of CDEx producing an iG4* that's useful: 10 million:1
The chance of CDEx producing an iG4* that's useful without once again being sued for infringement: 100 million:1
* as advertisted
"frequenting"
Good post Amanita, that was an enjoyable version of this obvious scam.
And as with all scams, they have to have good liars of which we have seen a few, then of course, we have seen some bad ones.
One in particular has be frequently this board with his ghost authors trying to convince everyone that the scam is suddenly not a scam.
How foolish is that?
Pennstreet, you're long winded, keep your posts short and you'll sound smarter.
CDEx is a scam and that's all there is to it.
All your BS won't ever change that.
Kapeesh?
I would not have taken a deal that involves investing in CDEx either, like JR, I would have opted for cold hard cash which I had earned and was owed.
What kind of "deal" the others took is irrelevant, it was not JR's fault (no matter how much you may want people to believe) that CDEx could not meet their obigation.
Stop crying. The blame is soley that of CDEx.
CDEx was riding by the seat of their pants and deserve whatever they get.
CDEx caused a bad thing to happen.
"Is it not odd that 3 of 17 think that Cdex had money to make them a special deal, that the other 14 were not getting, nor did they ask for."
No, it is not, it's the norm to want the money owed you instead of worthless stock for a scam company.
CDEx has filed on time, therfore they're worth investing in?
So sorry Pennstreet, a scam is still a scam.
I can't believe you're still spewing garbage.
"It's better to remain silent and though a fool than to speak up and remove all doubt"
-Abe Lincoln
If shareholders don't understand that their money is long gone it don't make no nevermind now.
Most have accepted the fact that they've been skinned, we all had to come to that conclusion at some point.
I say shut this SCAM down once and for all so nobody else gets ripped-off by this bunch lying, heartless crooks.
Absolutely nothing will ever come of this circus show accept for mock-up products and forward looking hot air.
Guaranteed.
They really need to shut this scam down or more people are going to get skinned with the CDEx con game.
How many patents will CDEx infringe on if they attempt to produce a G4 as advertised?
I believe the likelihood of producing a G4 is virtually ZERO and the Trustee should address that with expert witness.
How bad have shareholders been ripped-off with RS's since the Loch days:
43 x 5 x 10* = 2150
and with a PPS worth about a penny go figure your Loch equivalent.
Looking back now, exiting Loch at a PPS of .o8 would have been a savy move.
* if approved
Looks like the Trustee ain't buying CDEx's weasel moves. Hurray!
They moved the Tucson office? So much for trying to convince sharehoders and investors that the "science team" is busy at work in the lab.
I don't think a single person was buying that line of BS anyhow.
Why on earth our these scamsters trying to keep POS alive?
I'm baffled.
Crow, the doc that you posted (Doc. No. 68) was filed on 5/17 and you have not included page 2 where it says, "IT IS FURTHER ORDERED that the documents listed below...".
It appears that they entered a duplicate filing (Doc No. 69) on Monday, 5/21 for the same thing.
I haven't compared the two filings, it could be that the latter is a revision. I'll have to check it out a little closer to see if changes were made.
One thing that's funny is that while JB, Stewart and the rest of the gang try to gather all the requested documents for the court, they have to include ALL THE COMMUNICATIONS BETWEEN EACH OTHER as they're doing so.
What are the chances that they're going to do that? LOL
Of course if they fail to fully comply with the court order, they'll blame it all on MP according to the game plan which I have no doubt that Cappy, Stewart and others have already implemented.
Crow, isn't this the second time this has been ordered by the court?
Wasn't it also ordered on May 17?
June 4th is the big day when JB must submit to examination under oath and deliver the requested documents to the court.
This is the big one. Here's a paste of the court order for those interested (once again, thank Arloco)
UNITED STATES BANKRUPTCY COURT DISTRICT OF ARIZONA
In re: CDEX, INC.,Debtor. No. 4-12-BK-2402-JMM
ORDER COMPELLING APPEARANCE FOR RULE 2004 EXAMINATION AND RULE 9016 PRODUCTION OF DOCUMENTS
Upon consideration of creditor James Ryles’ Motion, through counsel, for an order pursuant to Rule 2004 and Rule 9016, Federal Rules of Bankruptcy Procedure, and good cause appearing therefor, IT IS ORDERED that Debtor’s Chief Executive Officer Jeffrey K. Brumfield shall appear and submit to examination under oath and submit the records described below for copying at the law offices of Heurlin Sherlock Laird, 1636 North Swan Road, Suite 200, Tucson, Arizona, on June 4, 2012, beginning at 10 a.m.
The scope of the examination shall be:
•
Any/all transfers or sales of assets of Debtor from November 12, 2011 until the day of examination.
•
The source, current status, and all terms or agreements of any kind related to the $200,000 that was the subject of Debtor’s March 14, 2012 Motion for Order to Return Funds.
•
The source, current status, and all terms or agreements of any kind related to the approximately $275,000 of separately held funds.
•
The current status of any/all contracts or potential contracts for sales or potential sales of Debtor’s Vali Med systems, and any other products/technology of any kind. • Inventory of all Debtor assets, including but not limited to the following: Ocean Optics USB 2000 + Spectrometer, Ocean Optics USB 2000 + NOS,
Dated: May 21, 2012
THIS ORDER IS APPROVED.
James M. Marlar, Chief Bankruptcy Judge
_________________________________
Case 4:12-bk-02402-JMM Doc 69 Filed 05/21/12 Entered 05/22/12 08:14:35 Desc
Main Document - Motion to Compel Page 1 of 2
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Flashlamp Light Sources.
•
Transfers of assets or payments of any kind from CDEX to Jeffrey Brumfield, Wade Poteet, Steven McCommon, Sean Brumfield, Robert Stewart, from November 12, 2011 until the day of examination.
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Any and all other matters relevant to Debtor’s finances, debts, assets, and bankruptcy.
•
All documents/subjects listed below.
IT IS FURTHER ORDERED that the documents listed below shall be produced on or before 10:00 a.m., June 4, 2012, at Heurlin Sherlock Laird, 1636 North Swan Road, Suite 200, Tucson, Arizona 85712.
The documents to be produced are:
•
All emails or other written communications between Mr. Brumfield and Robert Stewart from November 12, 2011 until the day of examination.
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All non-privileged written communications between Mr. Brumfield and any member of the Baxa and or Pemco companies.
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All written communications and documents of any kind related to the $200,000 that was the subject of Debtor’s March 14, 2012 Motion for Order to Return Funds.
•
All written communications and documents of any kind related to the approximately $275,000 of separately held funds.
•
All written communications and documents of any kind related to any transfers of assets or payments of any kind from CDEX to Jeffrey Brumfield, Wade Poteet, Steven McCommon, Sean Brumfield, Robert Stewart, from November 12, 2011 until the day of examination.
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All written communications and documents of any kind related to inventory of all Debtor assets, including but not limited to the following: Ocean Optics USB 2000 + Spectrometer, Ocean Optics USB 2000 + NOS, Flashlamp Light Sources.
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All written communications and documents of any kind related to the current status of any/all contracts or potential contracts for sales or potential sales of Debtor’s Vali Med systems, and any other products/technology of any kind.
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All other documents otherwise relevant to the subjects listed in number 5, above.
SIGNED AND DATED ABOVE Case 4:12-bk-02402-JMM Doc 69 Filed 05/21/12 Entered 05/22/12 08:14:35 Desc
Main Document - Motion to Compel Page 2 of 2
Can anyone spot the BS in this CDEx PR?:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69634667
Yep, that's prolly it.
I wonder if the docs will uncover anything interesting related to the preparation for debut of the iG4 at the ASHP Conference in New Orleans.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69634667
Maybe converation on how to stage the demos? LOL
Crow, any idea while November 12, 2011 is the magic date?
You're welcome, but of course the CDEX Longs should thank Arloco.
The SEC contacts monitoring the CDEX BK:
Sarah D. Moyed
Sandra Lavigna
United States Securities and Exchange Commission
Pacific Regional Office
11th Floor
5670 Wilshire Boulevard
Los Angeles, CA 90036-3648
moyeds@sec.gov
lavignas@sec.gov
cb, I think they'd have a lot of angry investors on their backs if this scam goes Chpt 7, maybe even some that know more than what CDEx likes.
A successful chpt 11 would be just like the Loch/CDEx Asset Purchase Agreement (in disguise) and would allow the scam to continue.
Remember what MP did in the beginning with CDEx? First, he staged a phoney demo of the EM-1 on Kingsmen Island where it was 100% successful in detecting freshly dig holes, then posted a silly (unprofessional) test report with a personal comment scolding shareholders by saying that he "never wants to hear anyone say that the underlining technology doesn't work".
Next, he performed his primary mission by slowly burying the fraudulenty touted technology to keep it under wraps and save the B-Boyz' culos- including his own no doubt.
Mp and his PP hawks also scalped investors to the tune of approx. 30 million dollars over the following years.
So why would they prefer Chpt 11 over Chpt 7? To do the same sheet all over again naturally. Bury the newest phoney tech, advertise the newest Golden Widget, and release the PP hounds.
Remember the story about the scamsters that folded their scamco and relaunched it under a new name called "BOHICA"?
When asked how they came up with that name they defiantly stated that it was an acronym for "BEND OVER HERE IT COMES AGAIN".
Scamsters are incredible liars and arrogant Sunsabiches* (TM- Crow).
*I'm giving that to you Crow eventhough my Pa used to say that all the time with his thick Polish accent:
"Them g## d## Sunsabiches!" When he was talking about my brother and I we knew it was time to haul azz! LOL
I beg your pardon Sea-urchin,
"I nominate you and stk to buy that valuable IP, perhaps as a newly formed company with a catchy name. I'm sure stk already has several names in mind."
As you well know Stock and I have several ventures together and I feel quite (quit, quiet) that we can assimilate this "billion dollar" technology into one of our existing tech companies, thank you very much.
And, as a matter of fact you are correct, Stk does have a couple catchy names in mind so we'll be discussing them next week on the corporate yacht, the one in Newport Beach, not Honolulu.
We've also been thinking about inviting pennstreet to join us (if he's still in town) as long as he pulls his tail out from between his legs so he doesn't trip and hurt himself while on the yacht- any other place is none of our business.
"I really don't know what a shell is worth, but besides that, there doesn't seem to be much that anyone would want."
It's not so much what anyone would want as it is what CDEX doesn't want.
CDEx doesn't want the phoney boloney tech to get into the wrong hands where it could be scrutinized. If a competent scientist were to examine the product(s) performance against what CDEx has advertsied over the years, CDEX could be in a heap of trouble if they were intentionally misleading investors- THAT'S FRAUD
I think that's why the Lubbock, TX investment group will only loan money against a senior lienhold- if CDEx were to default on the loan the investment group gets everything.
Good thing the Trustee saw through what she described as a "loan-to-own" scheme where the investment group would be "lying-in-wait" to seize all assets.
I also believe that's why Gemini was retained as an unsecured loan, as CDEX's largest creditor, if CDEx goes Chpt 7, Gemini can get the tech to keep under wraps- that's their fail-safe.
They might be a bunch of unscrupulous scamsters, but nobody says they're stupid.
The important thing for CDEx is to pass the "Hot Potato" (TM- Stock) to someone they can trust and bury it if need be just like they did with the X-ray fluorescent BS (ELF/EM-1) when MP came onboard.
That's just one reason why it's nonsense to think that MP does know or trust JB as the pennstreet foolishly wants people to believe.
Yep, he's doing the same thing that other perps have done after suckering innocent investors to buy into this scam- CHA.
Not being the sharpest tool in the shed about the science, he probably got dupped into believing everything he was told just like all the others. In other words, he didn't fraudulenty mislead investors. I think that eventually he figgered it out but has kept the facade since they had the goods on him. What's he going to do, tell the players he was "deaked" and ya'll got screwed?
I think that he was 'rewarded' enough money for bringing in them ball players to the point where he doesn't give a ratzazz whether this SCAM floats or sinks, he just has to keep them angry investors off his back and pretend that he still believes in the imaginary products AS ADVERTISED.
He's been playing with "house money" as Buffyz used to say.
Then there's the involvement of Robert Stewart (aka "Angel Investor") which is a different story entirely.
If JB's 'distinguished' BK track record is any indication of how this drama is going to unfold, WE BETTER HAVE CLOSER BRING IN THE FORENSIC ACCOUNTANT that he's been yapping about for the last 10 YEARS to protect the interests of honest shareholders and creditors.
The Loch/CDEx MO is to brainstorm a trendy, life-saving product, fabricated the products features and benefits to enhance public interest, then start advertising it at trade shows, to affinity groups (esp. religious) and the like.
If potential investors take the bait they'll actually try to build one... well...sometimes.
The iG4 without a doubt was their biggest whopping lie to date.
Desparate times call for big WHOOPERS!
And look who was leading the pack with that one, are own pennstreet/kidinsight/ontheedge... etc.
275K will get the machines out the door in 60 days? LOL!
"MR. SPARKS STATES $275,000 WILL GET THE MACHINES OUT THE DOOR, AND MONEY WILL BE GENERATED."
Looks like Mr. Sparks is being dupped just like all the others in the past.
I gotta admit (once again), them CDEx scamsters are good duppers.
This scam is on the verge of going sub-penny.
LOL!
"He may not be personally paying the Lawyers and other expenses here...the chances are that he is engineering it all.."
I just can't see Pennstreet/Kidinsight/Onetheedge being the ringleader behind this scam, not with the mentality of his posts.
I have always considered him a worker bee and a wannabe.
In another sense he's a lot like Closer, he's probably gotten so many PP investors sucked into this scam that he has to maintain an upbeat attitude "to keep hope alive" as he once put it.
I'm thinking that many of those PP investors he claims to represent are involve in this scam by his doing.
You might say he has a following.
Demmo, LOL Those are classic foot-in-mouth posts by pennstreet/onetheedge/kidinsight.
There's just so many of them it's a riot. In every single post of his that I have saved it turned out that HIS OPINIONS AND BELIEFS WERE 100% DEAD WRONG.
Do you think he was just poorly informed and a bad judge of character or do you think he was intentionally misleading honest investors?
I can just imagine the BS he'd sling when hawking PP's for Loch/CDEx.
When I questioned PENNSTREET how CDEX could develop the iG4 in such a astonishingly short period of time, especially with no money, principal employees suing the CDEx and with a vendor base that CDEX had ripped-off, PENNSTREET asked me to name one vendor that didn't get paid. LOL
No need to wonder about that anymore, the extensive vendor list is in the BK docs, including the Chap that's owed 100 bucks for a paint job, probably on the mock-up Golden Widget box that they were desparately trying to pitch to naive investors.
The truth always comes to the surface with this scam, it just takes time.
"He keeps insisting that he has investors waiting on the sidelines to support a reorganization plan, but he hasn't provided the evidence or particulars, to date."
I believe he has Streetpenn.
In one of the court docs CDEX has disclosed a list of potential investors, among them are Dr. Terrell, his family and friends. There are others as well and after a quick look at the list it seemed that they're all a tightly-knit group.
Of course, none of them will invest without a senior lienhold on all of CDEX's assets. I say ALL of their assets because default on a 1.5 million dollar loan would give the entire worth of the company to that investment group (with several from that group residing in LUBBOCK, TX.)
That senario was what the Trustee called "loan-to-own" and there is no doubt in my mind that that was their game plan. It would have been a disguised version of the ASSET PURCHASE AGREEMENT between Loch Harris and CDEx back in 2000.
Good thing the Trustee and Judge saw it as it was- a "lying-in-wait" scheme to take control.
"And don't forget good ol' AUSSIEKANG, mate."
Oh Yeah, the one who forget what alias he was posting under and signed the bottom of his post
Kidinsight
then got promptly booted off the TCL board for trying to manipulate readers.
I'm pretty sure that the U.S Trustee is aware of this bloke (was all his aliases) and has many posts to review.