Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
{i]"But since September 2010, PR's have been truthful and all declaration statements are correct."
That is a false statement which has been proved. The question is whether you are knowingly making a false statement or not.
"Then there is this thought: if there is nothing worth saving, why would 2 or 3 shareholders force Cdex into bankruptcy? Could it be because they thought they had a secured note, and were going to try to buy the G4 IP? This is a thought going through many true seekers minds."
Perhaps they wanted to put an end to an obvious scam, especially if CDEX tried to scam THEM out of their hard earned money.
It's one thing to scam investors, it's another to scam your own employees.
As it has turned out, the ex-employees ended up doing exactly what CDEx wanted, they allow CDEx to have an excuse to file chapter 11 whether they were knowingly involved with the move or not.
And that's the story pennsteet is promotong on the boards. When the dust clears and angry shareholders realize what they're left with, CDEx wants the blame transferred to those bad, ex-employees that are to blame for all the shareholder's misfortune.
And the crooks walk away once again.
Scott free.
Demmo, it's pretty obvious when pennstreet tries so hard to paint the forced BK picture.
Loch/CDEx have never done anything where they're not in complete control. There were no surprises as penny wants peeps to believe.
Of course, the scapegoats are the 2-3 that "forced the BK" which was exactly what CDEX wanted IMO.
Who will benefit and who will not?
Bottom line.
CDEx gets to say, "It wasn't our fault, don't be mad at us, we're really trying to get our IG4 and ID2 on the market. The tech's for real, INVESTORS PLEASE."
It's part of the on-going CDEx scam. Last time during the Loch/CDEx transition they sued themselves. This time right after the MP/JB transition they're forcing a bankrupcy on themselves.
Pennstreet, have you (as de facto CDEX on-line spokesperson) made Mr. Jeffrey Brunfield aware of the blatant errors in the BK filing under Schedule B- Personal Property (page 13, line item No. 22)?
Thank you.
Pennstreet/Kidinsight you said....
"I get copies of post many times a week."
I'm sure you got my post directed to Mr. Jeffrey Blumfield regarding the blatant inaccuracy of the BK filing.
Did you make him aware of it for the record? LOL
"I also do not believe he [MP] has any status as to a "major creditor" of Cdex either."
MP is listed in the filing as the third largest creditor at $307,587.97
Gemini is No. 1 at $927,437.65
Baxa is No. 2 at $191,558.74
BTW, why does CDEx owe Baxa $195K? Did Baxa force CDE to buy back the defective Valimeds that wouldn't sell?
That's what I'm thinking.
"It took several years for many of us to figure out the real motives and actual character of a person who can put on a good party with your money."
That's because you won't listen to some of the people that were telling you it was a scam all along, MP started lying from day one.
You're really slow pennstreet.
Those same people are now telling you that JB is no better than MP.
Let's see how long it takes to to figure this one out! LOL
Same scam, new CEO.
"They must have got him to do those posts on RB...then send the demand letter. It Fits."
YES! This whole BK has been carefully planned, including the insider shills that made those posts under the jryles alias IMO.
The LOCH/CDEX scam continues to repeat the same process over and over again.
Instead of suing themselvess like the insiders did with the LOCH DA, this time they're bankrupting themselves. LOL
Slighty different twist, same strategy.
And who are the only ones that benefit from these legal maneuvers?
THE SCAMSTERS.
" But really, all any demand letter does is give JB an excuse to blame somebody else.'
Yep, they always have to have a fall guy and guess what? Pennstreet is just dying to tell us who the two fall guys are. That's why he keeps been asking everyone if they know who the two guys are. We have to know who they are to transfer the blame.
We don't want to know pennstreet, it doesn't matter, you're all scamsters.
Give it up pennstreet, tryin' to compare a 15 year old scam to Apple? LMAO!
"The doors are still open, are they not?"
I don't know, but we're going to find out PDQ.
"Dr. Poteet does work every day at the lab, this I know for a fact."
How do you know that if you don't even know whether the doors are open?
Pennstreet, did Mr. Jeffrey Brumfield get the information in the posts that were addressed to him?
Still trying to put positive spin on this bankrupt scam pennstreet?
Unbelievable.
"SO DIDDY...what do you think of THAT SCENERIO?? Any holes in it???"
Maybe a small leak IMO. I just think that they're all crooks and they've all been on it together from the start. Period.
"MP knew better than to trust JB. But JB saw that nothing was gonna work right with CDEX after that first success he had in screwing RS and them..and maybe MP was getting ready to fire HIM..MAYBE...so he went and filed BK...somthing that he had gotten to be an expert at."
Everything was part of a designed game plan IMO. Boone, Baker, Blumfield, Stewrat, Philips, Harris, et al... all buddy-buddy and along with their numerous on-line cronies, have been manipulating honest shareholders for years.
I believe the internal fighting was for the most part diversionary tactics which go all the way back to the Loch Harris DA with Robert Stewrat and Mari Stassi as plaintiffs.
I don't believe a single word that has every come out of their mouths. The motive behind their PR's has either been to promote the sale of PP's or screw honest shareholders IMO. Just like this phoney-baloney BK. A well-played scamster tactic if ya ask me. Will it sell PP's? NO. Will it screw honset shareholders? let's wait and see. I believe that it definately (TM- Closer) WILL!
"Gemini didn't know that JB was going to file...", blah, blah, blah! They're all in on it together if you ask me- and I think ya did (TM-coquille).
It was interesting that even though CDEx, Inc. is its own entity, JB was named the debtor in the case.
I suppose he can't ruin his credit rating any further- 'ya can't fall of the floor'.
Do you think MP knew that before he inserted JB into the cookin' pot?
Junior probably does what he's told.
"...truth and JB is an oxymoron...usually. But he better not mess around with it much in a court filing."
That's why I directed several posts to Mr. Jeffrey Brumfield today.
The information in the BK filing concerning itellectual property is grossly inaccurate when compared to the public information available on the USPTO website.
Seventy percent (70%) of the IT information declared by Mr. Blumfield appears to be FALSE. The CEO of any company worth a salt should know WTH is going on with his company, especially since all the abandoned/cancelled trademarks and patents occurred with Mr. Brumfields at the helm.
Mr. Jeffrey Brumfield,
You're Welcome.
Mr. Jeffrey Brumfield,
In CDEx BK filings there appears to be some blatant errors which I call to your attention since you have submitted the data as true and correct to the best of your knowledge under penalty of perjury.
Listed under SCHEDULE B- Personal Property, page 13, line item 22 titled Patents, copyrights, and other intellectual property CDEx has listed the following:
PATENTS PENDING: 11,822,020; 60/817,101; 13016-0023
Here is the official USPTO status of the above patents pending:
Patent Application No. 11,822,020- Abandoned (5/09/2011)
Patent Application No. 60/817,101- Expired (7/01/2007)
Patent Application No. 13016-0023- "the number cannot be retrieved as entered"
I'm surprised that the money owed to Gemini is unsecured.... or at laest that's what I thought I read.
OH WHAT A SCAM!!!! (TM- I forget whom*)
* Sea_Urchin, is it who or whom?
The money gets funneled out thru all these different LLC's, but on the books it looks like the inonit employees and consultants didn'y get paid?
Are they secured creditors?
The scam artists have full control?
You're kiddin', he's playing the religious card too?
How can Jeffrey own over 8% while going thru his personal BK?
I'm reading the BK filing! What an incredable scam!!
Who's this:
J 3:16 Investment Group FLP
PO Box 780
Vail, AZ 85641
Wasn't J 3:16 MP's favorite passage from the Bible?
Look how all that PP money got sucked out of CDEx!
Unbelievable!!!
This 57 page document tells me that CDEx has been planning this BK move for quite sometime.
I did print it out locs.
You too arloco!
Well that was a big mistake. I didn't relealize the CDEx Bk filing was that many pages otherwise I wouldn't have wasted my ink and print it out! LOL
Crow, maybe you should post the section of the BK filing showing CDEx's assets and liabilities on 10/31/2011.
That says it all.
I don't see the date for ASD?
Here's where Poteet and his partner Harold Cauther were workin' back in August, 2011 when they should have been busy in the lab:
http://tbrconstruction.net/2011/09/
It appears that Wade and Harold once again have their own company called CPSI- remember System Specialists back in the Loch days?
"It appears that there must have been a doo hickey in that tin box from ANALYTICAL SPECTRAL DEVICE INC
2555 55TH STREET SUITE 100
BOULDER CO 80301
for which they still owe...Uses UV. I wonder if ASD knows about that?? Can you inquire?"
I believe that is the accrued royalty fees that CDEx owes ASD. Remember ASD sued CDEx, forcing CDEx to pay a royalty fee for every Valimed sold.
I'm not surprised that CDEx owes them money.
How could CDEX ever develop the imaginarty G4 when they owe so many of their vendors money. Who would do business with them? I wouldn't, not even with 100% cash in advance.
Pennstreet, when it was posted that CDEx lost their Valimed patent you posted this:
"I really would not worry about any cancelled patent..."
Now that CDEx is in BK11, how will the loss of patent protection effect the value of their main asset- Valimed?
Here an excerpt from Scarednomore's link:
"The bankruptcy court may determine that stockholders don't get anything because the debtor is insolvent. (A debtor's solvency is determined by the difference between the value of its assets and its liabilities.) If the company's liabilities are greater than its assets, your stock may be worthless."
http://www.sec.gov/investor/pubs/bankrupt.htm
The cancelled Valimed patent should worry shareholders if Valimed is signifiacntly undervalued without patent protection.
Pennstreet, are you a secured bond holder?
Simple question.
Streetpenn,
"Stop being so evasive. Where does the common shareholder stand?
Simple question."
Good luck with your simple question! LOL
Why are shareholders blaming the noteholders? CDEx is to be blamed entirely.
Just ask yourself who is to benefit from this move? Yes CDEx or more accurately, CDEx insiders.
I believe this whole event has been orchestrated by CDEx including the two noteholders that presented CDEx with default letters. That scenario makes the most sense to me.
Pennstreet, this is an example of inventive tactics just like when Robert Stewart and Mari Stassi files a DA suit against Loch Harris. Insiders have almost 100% control of the proceedings or at least put the odds heavily in their favor.
How about when MP/CDEx did the reverse split after Loch Shareholders finally received their "Loch Shareholder's Shares". Who benefited from that and who did NOT?
Shareholders have been screwed each and every time by a bunch of scam artist IMO.
I was confused for a while why JB, with little or no experience in managing a tech company was brought on board.
Not now.
And watch out for any poster who claims to be buying, we know what's happen in the past. Suckers buy while Loch/CDEx insiders dump.
This is my gut feeling and is consistent with all the past inventive tactics used by Loch Harris/CDEx. With all their brilliant moves in the past, they did NOT just suddenly leave themselves open for this action IMO.
NO friquen way.
Demmo you missed one.....
"The trustee may ask stockholders to send back the company's stock in exchange for new shares in the reorganized company. These new shares may be fewer in number and worthless. Stockholders will also stop receiving dividends. Under Chapter 11 reorganization, the company will explain investors' rights and what investors can expect to receive, if anything, from the company."
"Inventive tactics over the years??? Can that be defined?"
Most certainly.
"Seems on the verge of BK to me. CDEX thinks so too."
Or... it could all be an elaborate scheme to milk in some of those, now, hard to find PP's.
If that's the case you'll see them employ a shill to 'salt the mine'.
We've all seen LOCH/CDEx use some inventive tactics over the years.
They must have some PP investors nibbling at the G4 carrot after their extensive promotional period, like using the USPTO link and all.
"I think the problem may be that Mr. Ryles did not claim Cdex was not a scam. In fact, I think his message and your post message said that Cdex was a scam. Am I wrong?"
That is your problem, not mine, if the poster did not state that, "CDEx is NOT a scam." The fact that he didn't sure got you excited.
As for my opinion, I believe that CDEx continues to be a scam until proven otherwise and that means showing a profit and not just selling PP shares.
Are we clear on that now?
Kidinsight/Pennstreet/ Mrs. Pennstreet,
"Sure sounds like a claim that the ex CE would have loved to say Cdex is a scam."
Nope, but if it was me in his postion, I would have wanted CDEx to think that way. At the end of the day, what he wanted was the money owed to him by CDEx.
Yet, did he resign from the scam he worked at? Just how long did this ex CE endorse Cdex with his Engineering skills while endorsing his name to the checks that PPers allowed him to get?"
The ex CE worked for CDEx providing engineering expertise for a fee, that does not mean he "endorsed" the company. How long did he work there? My guess is until CDEx failed to pay his salary or compensate him in a satisfactory manner.
"Why would an educated ex Chief Engineer get on a Public board apply heat to get Cdex to pay him?"
Gee, that's a tough one. Maybe because CDEX had already failed to pay him (and other employees) in the past so he was concerned that they might not pay on time come February 1st.
"He was paid promptly? Because Cdex was getting nervous about his public innuendos about the company he was doing the Engineering for? This is "NICELY DONE", really?"
I don't know whether he was paid promptly or not, however, that's what I "suspect" if YOU claim CDEx is no longer a scam and they don't want to antagonize their ex Chief Engineer- a very reasonable conclusion.