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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Actually, it passed the usual run of penny stocks on its way
down. No self respecting penny flipper would spend a dime on a stock so grossly overpriced as is CDEX.
When the artificial props are removed, it will run on down to an SP of .0001 or less. Then the Penny Flippers will take notice and maybe try a dance or two, to try and run it up to a penny.
The CEO declared in BK court that he had many hospitals/pharmacies anxious to own one. Can you name a single one of those??
Down to two employees huh?? Neither of whom is authorized to answer the phone? Or do they have caller ID and only answer when the Streeties call?
When all is said and done, the questions will remain...
Is it needed?
At what cost?
Is it available?
Can CDEX market it?
Can CDEX maintain it?
All assuming that it will work as advertised. (Not a valid assumption, based on the history of CDEX if nothing else).
If it won't sell it is worthless.
What is unique about the IG4 is that it is a doo-hickey that is TOUTED to do great wonders...but all it really does is just gather dust, as it sits and waits for the next medicine show.
SINCE the CAP'N is so fond of Gude AULD JIM, make him the CEO. He can keep his day job.
Make the CAP'N the CEO.
Do whatever the BIG BOSSMAN, MP says to do.
OK rephrase...How do you plan to further fund CDEX??
!. USE the PEMCO group and take over. Fire the CEO and appt a new one. replace some BOD members, but not all. Push some franchises and shares.
2. Issue a new set of Distributerships. Sell them on the OIL patch, where people are used to trading in/buying dry holes.
3. WHAT???
And THAT INCLUDES EVERYBODY
Probably NOBODY REALLY believes that the IG4 is a viable salable instrument.
Actually from the wording of the announcing, though as if written by a weasel, it appears that PAYNE never paid any money to start with. Just promised to pay money. You are right, though.
If he had actually paid, he would have had to sue to get the money back.
CDEX could have sued him for the money,for breach of contract/specific performance..since he had signed up as a SIGNATORY. But I doubt that they wanted the publicity. It would have shown CDEX as selling IMAGINARY STUFF, just as they were trying on selling the IMAGINARY G4 to PP buyers.
Also, PAYNE may not be a person safe to mess with. He had learned too much as a member of the BOD and a LUBBOCK homebody.
Don't need any testing. It already knows how to gather dust.
Which is all it does. The G4 is never gonna sell a single dang copy. Count on it!!!
New record bid. .0001.New record low ask... 3 centavos.
New record spread...30,000.LOL!!!!!!!!!!!!!!!!!!!!!!!
Even CLOSER would think that funny.....!@#$%^&*()_+
Q. what are your plans for CDEX you PEMCO LLC Group???
You are the largest shareholder as a legal entity.
It is a legal entity that GROUP. It can be dissolved but that would require another statement of ownership. Let the chips fall where they may...
The contract or agreement under which the group was formed has not been published.
BTW, also..on 27march, 2013 a statement of ownership was filed.
In the name of a GROUP represented by PEMCO LLC. Filed by a PENNSLYVANIA LAWYER, one Joseph Motta.
Although insofar as can be determined there are no shortage of lawyers in LUBBOCK, TX. A bit of smoke in there!!
So who is in that GROUP??
It is very obvious. That same LUBBOCK bunch that signed into the FAKE ONCOLOGY DISTRIBUTERSHIP. (From which Thomas Payne withdrew).
They pooled their shares, totaling 6, 813, 397...
A pretty good sized voting bloc.. So who honchos that group??
Maybe somebody on the BOD???
Or maybe RS?? Or is it a democracy, requiring a vote??
Ah yes, it was WADE. And my post said so.
BTW, most of my post was quoting CDEX filings.
So be careful about any denials of the truth....although there are lies aplenty in there.
As I remarked it is a fairy tale. Clearly, it was all engineered by MP... The TRUE BOSSMAN.
True. I don't personally know him...Google has a bit on him though... AND he was smart enough to turn his back on CDEX and resign from the BOD...and keep his 100K bucks outa crooked hands.
BTW, he is free to join the forum and speak for himself.
El Senor Payne is a canny bizness mon, nae doot. Should notta took him long tae figger oot that he had strayed inta a packa wolves...and did'na wish tae be et.
As for trust, CDEX did the lack of trust situation to themselves. Lies over a decade will tend to cause lack of trust.
The GUDE DOCTORS presumably have nimble fingers and can make use of a Keyboard. They can sign up for the forum and tell us what they think and why about CDEX..
They are both learned and educated persons. Nae Doot articulate enough to be well understood. Maybe a bit overly verbacious but heck there ARE dictionaries.
They would not even have to dumb down what they say for the audience.
As for DIDDY...in over a decade of reading his stuff, I have never even once suspected that he would lie. Period.
Cannot say the same for your heroes.
All you CREDITORS, ETC, expecting SOMETHING for your "SACRIFICE"
in agreeing to the BK terms....watch out for CHAP7 or the company to just pee on the fire and call in the dogs. This FOX HUNT WILL SOON BE HISTORY...
But WADE was entitled to getting his doo-hicky back and past wages paid, RIGHT??
So what is to be blamed??
CDEX has never had a successful product, sales wise. Except PP shares and they ain't sellin no more er...anymore.
The IG4 will never even make it to the market. JB has moved back to RAMONA and everybody is simply sitting about awaiting the funds gotten from the OIL PATCH to run out.
So yall oil patch BOYS.. cough up some more money!!! LOL!!
Despite being blamed for the action that put CDEX up against the poorhouse...Wade got his job back, dreamed up the IG4, and also kept his day job.
And guess what?? That Oncology agreement? Pure hot air. Was claimed by CDEX as REVENUE on an SEC filing. Maybe the first example in history of a company selling hot air as a product.
That money soon ran out, though, and BK happened blamed on MP.
But chasing the blame back to its original source, WADE was to blame.
ANYBODY wanta hear a fairy tale??
In which the new BOD was born..and the auld one left toon...
In August 2009, four former employees and one former contractor (the “Claimants”) filed demands for arbitration with the American Arbitration Association related to deferred wages of approximately $89,000 and to the ownership of certain equipment. A decision was issued by the Arbitrator which the Company received on June 11, 2010. The decision awarded the Claimants three times their deferred wages, plus attorney fees, totaling approximately $270,000.
This arbitration decision created a financial strain on the Company and as such the Board of Directors was forced to find new sources of financing.
Blame them Rascals..say did'nt WADE, lead that charge?? LOL!! Say, wasn't money already short around the CDEX barn?? LOL!!
On or about August 11, 2010, at the invitation of the then sitting Board of Directors, the Company received an offer for financing from PEMCO, LLC, College Health and Investment LP, and Messrs. Peter Maina, Robert Stewart, Scott A. Newby, Thomas Payne and Milt Datsopoulos. Of these, PEMCO LLC and Messrs. Maina, Stewart, Newby, Payne and Datsopoulos were investors in the Company. Part of the terms in their offer required a change to both the management of the Company and its Board of Directors. The offer presented to the board was a new agreement which granted exclusive distribution rights within the United States for all products developed by the Company for applications specifically related to the field of Oncology to various parties for a period of five years in exchange for cash (“Oncology Distribution Agreement”).
Dang!! And I was giving JB credit for that coup!!!
The Board seated at that time determined that the terms of the financing offer as presented were in the best interests of both the Company and its stockholders and as such at a Board of Directors meeting held August 28, 2010 the Board agreed to the terms of the Oncology Distribution Agreement and appointed as new members of the Board Messrs. Jeffrey K. Brumfield, Frank E. Wren, Brain Jenkins, Thomas Payne and Robert H. Foglesong. Subsequently, Messrs. Carmen J. Conicelli, Jr., Donald W. Strickland, Gregory Firmbach and George Dials resigned from their positions on the Board of Directors. Mr. Strickland resigned from his position as the Company's Chief Executive Officer and Mr. Firmbach resigned from his position as President. The newly seated Board elected Jeffrey K. Brumfield as the Chairman of the Board and Chief Executive Officer. Subsequent to this, effective December 11, 2010, Thomas Payne resigned from the CDEX Board of Directors and effective December 15, 2010 James G. Stevenson, Pharm.D. joined the CDEX Board of Directors.
Good of auld TOM to make room for GUDE OLE JIM!!!
The Company has executed the Oncology Distribution Agreement and has received a total of $483,500 in exchange for the exclusive distribution rights granted under the Agreement. Subsequent to the 2010 fiscal year end, two investors, College Health and Investment LP and Thomas Payne, representing $100,000, withdrew from the Agreement. The signatories to the Agreement are PEMCO, LLC, Messrs. Maina, Stewart, Newby and Datsopoulos. It is believed that none of these individual investors beneficially control 5% or more of the Company’s outstanding stock.
AH SO!! Maybe not so good of auld TOM. He wanted his money back.
Yeah, or to one of the breakaway provinces to the north..Neckslyvania or Armpitspekia. I hear they are having border issues as well as unrest amongst the radical but foodless
populations there. Excellent op for sales of useless but formidable looking doo-hickies in that area.
The rate of exchange, however is not favorable. Although one can get 6 billion freshly printed Tricostas to the dollar, that money is worthless in Arizona.
Could use it however, as wiping agents for the testing of walls for meth residue. Cheaper than cotton.
No end of profit ops for CDEX.
Yep, But Maybe now and again I have Sudafed or chewing gum wrappers in my pocket. That meth gun was hell on Sudafed, ye ken.
WHEW!! And here I was scared that some cop would flash my pockets with wunna them pocket doo hickeys!!! LOL!!!
SOME LEARNERS ARE SLOW LEARNERS.........
BUT THEY DO LEARN..EVENTUALLY...
??
THE REAL BOSSMAN KNOWS IT. which is why he long ago moved his mattress to an NC golfing gated community, near water. He still nae doot keeps score, and tells JB and alla them what to do. But that is merely precautionary, having pulled his skinny Butt outa harms way in the unlikely case that the SEC etc, finds a slow time and takes an interest in CDEX.
He has his GOATS...all set to get the blame if that happens. JB and WADE and alla the rest of the INONITS.
He had long ago knew what to do when dismounting from a tiger. Run like blue blazes.
This tiger turned out to be a kitten... THE FEDS despite a fraudulent BK ain't interested is such small fry.
Very true, Kim O'Sabe. CDEX persons speak with forked tongue. Whether CORPORATE or TOUT, alla the same.
In rare instances of being candid, CAP'N will all but admit that it is a huge joke, at which we here play with perhaps unjustified
consternation. CDEX is a share selling scam, CAP'N knows it, Streetie knows it I know it most of the erstwhile TROO BLOO LONGS know it. DIDDY knows it. YOU know it. DEMMO knows it. All the old POSTTATORS now LURKERS know it. XENO knows it. SASSY and TEX knows it. ETC, ETC. JB knows it, which is why he now hangs out at RAMONA mostly.
Fast running outa dollars with which to operate.
CAP'N seems to feel that so what?? It ain't the only one, such things are very common these days. It will make it or it won't he opines.
But me, having followed this damn scam for well over a decade, aim to be here to the end. They messed with me early on, making threats. I ain't forgot.
Again, CAP'N the G4 does nothing but sit in the CDEX HQ. None have been sold nor leased, and I say never will be. So speaking of what it DOES is at least misleading, if not a deliberate LIE.
Circa 1942 Coke?? Seems unlikely. Prolly a fairy tale.
Just add some MORGAN and taste it. Seems like the more scientific way to do it.
What would any of the Valimeds know of 1942 or Morgan Or Co-Cola.
What I find amazing is the Two or three people still posting favorably re this very sorry, poor CDEX company are still at least pretending that there is ANYTHING AT ALL worth risking a single cent over re this once viable stock selling SCAM.
File BOILERPLATE reports on time?? Yep, that they do. Good on them!!! LOL!! Hey everybody RUSH OUT AND BUY SOME SHARES!! THEY FILE ON TIME!!!!
As most have by now noticed, CDEX is KAPUT. Just awaiting either CHAP 7 or simply abandonment of the company.
The CDEX DOC has already wandered off in pursuit of OTRA INTERESTS.
CDEX wants no subject matter expert third party looking at the IMAGINARY G4...LOL!!
Not that it matters anyway. CDEX will never sell or even place for trial even ONE. Much less enough to make a difference to the CDEX bottom line, nor to the PP sales.
Yep, I got it. As Streetie well knows, you cannot disclose the name w/o the third parties consent.
Not the first time that that person has accused people of LYING.
When I posted about the death of COQUILLE he/she called me a liar.
Then shut the heck up when I posted the OBIT. But of course, I got no apology nor expected any.
As you said, if he has tight intimate relations with the CDEX lab, he can get the info from there.
But do not expect him to admit that he did it, if he does.
He would rather just call you and me a liar.
Yeah but the trouble is, Easter ain't for MONTHS yet!!
That goode ole bunny won't deliver until then.