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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If someone owns 10K shares bought when CDEX was say 1.40 per share. Cost 14000 bucks.
Now buys 10 K more at a dime. Cost a thousand.
Not counting inflation and other unpleasant things, she now has 15K in 20K shares. 75 cents per share. RIGHT??
Except the 10 K she bought before is no longer 10 K. It has been diluted down to 1000..by the 1 for 10 split.
So she now has 11K shares for her 15K dollars. !.36 per share.
Adding Apples and Oranges still won't work. Our third grade teacher was right.
You have no product ready to sell except possibly a few old ones in storage somewhere that you "forgot" to list when you made your inventory list for the BK court.
Not nearly enough money left to build and market the IG4, Even if it would sell, which it would NOT.
If you do have a legitimate role for CDEX in the future, you need to dump JB and his leeches, and get started.. PDQ. All they are doing is using up the money that you gave him to operate on.
BUT...........
If the plan is force CDEX into BK7, and get rid of all present obligations, including all shareholders and then petition the court as the only secured creditor, to let you have the shell, your present course may work.
Right on DW!! The TECHNOLOGY has worked just good enough for the SCAMSTERS to spin lies about its capability. Never good enough to produce a salable product. EXCEPT SHARES.
So it is now, was then and will ever be just that. A share selling scam. And that ain't no damn IMO..
AND that is not an IMO. It is an historical truth. It describes the NOW also.
Any future that CDEX may have depends not at all on JB and his bunch. They are merely there eating up the money that CDEX has. Skating on a tight rope, having lied to a BK court, which fortunately for JB and his bunch does not give a damn. The COURT did not wish to waste any more time on it, case closed.
The pemco llc/lubboch bunch may have plans but that is a wait and see.
Having belief in CDEX is dangerous to the wallet/bank account.
Some profited back in 2000. Since then, only INONITs have profited to amount to anything. Even flippers and day traders have abandoned CDEX.
Those who bought for long term growth and profit have lost their money. Averaging down will only result in more losses.
CDEX is kaput.
The shares in lieu of payment may be worth more as a tax loss than can be gotten by selling on the OTC or PINK market.
Anyway, start selling and see the SP fall.
I remember that and also remember that Dr. Blair had discovered a secret wavelength inside the X-ray part of the spectrum that he used, which would detect gaseous fumes rising from a buried landmine through the soil. From as far as 30 feet!!!!
So far as I have ever heard, though, he never took that ELF thing into a live mine field himself. But he did have a sandbox, in which he would bury some explosive, and shine his elf on it. and show where in the sandbox his pinch of explosive was buried. Also some plastic buckets, filled with sand one with the explosive material, and the ELF would pick it out from the other buckets.
Got some Professor or something to witness it, and the PROF wrote a white paper on it...do not recall the Profs name though. MAYBE kin to GUDE OLE JIM???LOL!!
CDEX shifted away from the Xray to Near UV...and gave up on ELF.
Remember that LUBBOCK and the other towns with high-rise buildings in the area were created from a desolate wasteland, the Llano Estacado, which even the Buzzards once refused to fly over, and was the refuge of the COMANCHE tribe for awhile.
They know how to be patient, see opportunities, get Government subsidies, and wait for payoffs.
What the LUBBOCK/Pemco group want with the CDEX shell is a mystery. But apparently, they do want it. CDEX would have crashed and burned without their help.
Somebody has been doing enough trading to keep it from falling anywhere near the real worth of the shares. Which is less than zero.
Cost them a bit of chickenfeed thus far. Buy some, then sell some. Activity being the aim. Activity enough to keep the shares away from zero. or .001. Hoping that some higher rollers will buy up some PP shares or loan CDEX some money backed by PP shares.
Very high probability, as you et otras have observed, that the scheme will fall when the bilked creditors and PP holders start trying to recover some pennies, and beat each other to the dump.
Them TEXICANS from around the LUBBOCK LIGHTS area nae doot have some plans. VE SHALL eventually see what they are. Experienced as they are at buying and selling dry holes, etc, they can see potential profits better than most.
Somebody dumped 10K shares today. Not enough volume to tigger enough trades to set any trend..either way. But somebody got back a bit over 700 bucks, which can make an automobile payment, usually. Mo bettuh than a wurthlesspeeceapaper.
Which is WELCH for a worthless cdex share certificate.
IZZAT SO?? Well what if CDEX got another "order" for ten V3??
How long would it take to fill THAT order??
According to some, they BUILT and DELIVERED the last ten in a short time. So they must know how it is done. IF TRUE.
I doubt that there are any more previously built unsold ones available for CDEX to do some detail on and ship away. So it would probably take a year or more to repeat..even if someone would extend them credit to buy the components.
BTW, I note that you say that there is a BOD meeting tomorrow. They gonna oust JB or what?? LOL!! JB is the chair. GUDE ole JIM would probably vote with him. So if JB is to be ousted, better work on out-promising GOOD OLE JIM..
When I first heard of the GUDE DOC I figgered that he is a nephew or sumpin of STEWART..the most visible one of the PEMCO/LUBBOCK group. A bit of nepotism to repay Stewart for his support.
But the more I look, the more I believe that THE DOC is a ring-leader.
The Question in my mind is how this thing regarding the remmnants of CDEX is gonna finally play out. Sell the IG4 and get profitable?? NOT BLOODY LIKELY..NOT IN A BILLION YEARS!!!!!
How will it come out and why do I gave a damn. Actually, I don't really care. The shareholders are screwed no matter what happens.
They know that...which is why they are mostly silent..But the more articulate of them would be a factor if this thing ever gets into court..which is damn unlikely.
Very impressive fellow..cannot argue that. Question, is, impressive MEDICO..or impressive SCAMMER. Seems he is into a heap of stuff. In something of a hurry to get TEXAS RICH..Does NOT seem to me that he would tie into CDEX, knowing that the stuff they are "trying" to sell will not sell, including the PP shares.. UNLESS he has something in mind for the shell of CDEX.
That would be like BILL GATES or Murdoch, or one of the other high HIGH Rollers going into tiddly winks.
Otherwise, he does NOT need CDEX. CDEX, in fact, needs HIM.
He and his BUDs from LUBBOCK/TEMCO.LLC have already saved CDEX from CHAP 7..or simply just folding. For that they USED JB who has extensive experience on BK to strip CDEX from debt and render shareholders MORE toothless by dilution. But JB maybe has become a TIGER from which it is dangerous to dismount. Otherwise, why keep him about, eating up the money they "invested" to "save" CDEX?? Sure as hell they know that the G4 is simply BOOLSHEET.
The future, if any, for CDEX depends upon the TEMCO/LUBBOCK GROUP
and WHATEVER their plans for the company is. Damn sure does NOT depend upon selling the BOOLSHEET CDEX "PRODUCTS"..
If you are wondering how it is that I can make so many posts.. look at the dollar sign next to my alias. I actually PAY for the privilege of making UNLIMITED posts on IHUB!!!
NOW you can maybe get an inkling of what the PEMCO LLC AKA LUBBOCK BUNCH..of which the GOOD DOC belongs.. can do with the CDEX shell. Or at least ONE of the things. Take that LAB thing public. Sell SHARES AND FRANCHISES!!
But they DO have to take ownership or at least control of CDEX first.
Would that help the current shareholders?? Sure as hell would be no worse.
What it boils down to is this... Medical Labs have to gather specimens to test if they are gonna be in Bidness.
But instead of setting up gathering sattelites themselves they get the franchisee to do it for them... AND PAY THE COMPANY 40 K FOR THE PRIVILEGE. So if you are the lucky owner of a franchise you have to set up and buy or rent a small building. Hire a nurse or PHLEBOTOMIST to stick or swab people or get a urine sample...and ship it off to one of the company owned LABS.
You gotta advertise. AND until you sign up for a franchise they will not tell you how much they will pay you per sample.
Sounds like a racket to me. And who better to participate than a MEDICAL DIRECTOR AND BOD MEMBER OF CDEX...
BTW, the Founder of "LABTESTNOW" has long been in the FRANCHISE bidness. Go to the web site shown at the top of the preceding post. See A sampling of the FRANCHISES he has set up. I suspect only the successful ones, though.
http://www.anytest.biz/
Going where GOOGLE took me I found where the CDEX medical director is in the franchise racket. They charge 40 K for a franchise where you set up a very small shop and either become a Phlebotamist or nurse yourself or hire one. You draw the blood or do swabs and send them off to a LAB to be analyzed. Then impart the good or bad news to the client.
They are CDEX like in telling you how much money you can expect to make. They do furnish the supplies to gather the blood and DNA SAMPLES AND SHIPPING containers to ship to a LAB.
The GOOD Doc is said to own several LABs himself, as well as being
on the overall "anytestnow" company BOD.
It is a private company.
So the GUDE Doc should be right at home should he ever visit the TUCSON LAB. CDEX sells PP shares. ANYTESTNOW sells over-priced franchises.
I agree. But I think that PEMCO failed to get the proxies of the PIPE people or MP, etc..
That is assuming that there is anything at all in my speculation that PEMCO, LLC wants to take over.
For otherwise, why did they file the shares ownership claim??
Thanks Arloco..I Googled/Yahooed it up.
My speculation was wrong.
NO change in directors nor anything else.
But the exec pay thing caught strong opposition.
////////////////////////////////////////////////////////////////////
Form 8-K for CDEX INC
--------------------------------------------------------------------------------
25-Apr-2013
Submission of Matters to a Vote of Security Holders
Item 5.07. Submission of Matters to a Vote of Security Holders
CDEX Inc. (the "Company") held its Annual Meeting of Stockholders on April 19, 2013 at which 22,650,812 shares were represented in person or by proxy. The following is a summary of the matters voted on at the meeting:
1) All nominees for director were elected by the following stockholders vote to staggered terms:
Nominee For Withhold Broker Non-Vote Term
Jason B. Terrell, M.D. 17,785,867 90,426 4,774,519 2013-2016
Norman J. Dawson 17,786,258 90,035 4,774,519 2013-2016
2) The appointment of S.E. Clark and Co. as the Company's independent registered public accounting firm for the fiscal year ending October 31, 2013 was ratified by the following stockholder vote:
For: 22,596,791 Against: 29,820 Abstain: 24,201
3) The adoption of the 2013 Equity Incentive Plan was ratified by the following stockholder vote:
For: 17,579,321 Against: 287,607 Abstain: 9,365
4) CDEX' executive compensation was approved by the following advisory vote:
For: 11,494,843 Against: 6,372,979 Abstain: 8,471
5) The advisory vote on the frequency of an advisory vote on CDEX' executive compensation was approved to occur triennially by the following vote:
1 year: 471,670 2 year: 6,642,892 3 year: 10,295,058 Abstain: 466,670
Allow me to do an "OR".
If what I speculated in the last post is not quite accurate, then they are engaged in a proxy fight. And the SH meeting is still going on. Got some Lawyers and possibly the BK court involved,
and lawsuits could be filed.
Need somebody to parse the TUCSON and maybe LUBBOCK newspapers for any news.
Allow me to speculate a bit.
At the SH meeting, PEMCO LLC, a group representing the LUBBOCK boys and voting their shares, and possibly having proxies from others, voted in a new BOD.
To stop the useless bleeding of money as operating expenses, they fired JB and his staff.
As Streetie has often said, JB is never late on required reports
probably thanks to McCommon, so why is he late now? Because he is now out. The SH meeting is a significant event which requires a report to the SEC.
When will we know one way or another??
http://ih.advfn.com/p.php?pid=nmona&article=56935138
I still do not believe that the counterfeit drug problem is as big as claimed. I smell US drug manufacturers propaganda to discourage use of cheaper drugs of foreign manufacture.
Coated pills are another obstacle. The same meds in pill form can have different coating and retain whatever effectiveness it has.
But CDEX used it as part of their propaganda in marketing VALIMEDs. And in selling PP shares.
A bit of probing in the FDA website turned up more info on the CD-3 device.
http://www.fda.gov/ForConsumers/ConsumerUpdates/ucm349110.htm
Unlike the CDEX VALIMED(S) THIS IS A SINGLE purpose device dedicated to the single purpose of detecting counterfeits.
Operating in the visible spectrum, differently colored lights are shone on the sample and it will glow differently from the real thing if not real. See the video.
CDEX could have come up with this if they had really tried.
The sounds of silence. A week ago tomorrow since the sheer haulders meeting, sans NON-INONIT sheerings, Nobody came to hear the great man speak. Nor do we have a pack of lies to laugh at in writing. One may assume that there is no company pride to be had nor expressed. The COMPANY CEO JB HAST NAUGHT TAE SAY as of yet!!
SPEAK UP SIRRAH!! What great and wonderful Thangs Happened at that meeting? What glorious plans do ye have to confound the entire GLOBE??
When will the faithful shareholders be rich?? When is the world gonna be a safer place because of CDEX??
YOU OWE A PR SIRRAH!! PAY UP!!!!
The explanation by Dr Hamburg makes it sound as if it operates in the visible spectrum. Just shine that sucker at a substance and see what colors it gives off/returns. compare that color with a color chart of the real thang.. VIOLA!!
Close enough for Govt work??
Yep, CDEX missed a lick again!!
Reckon they swiped it from CDEX? The PR sure reads like a CDEX one. Or is WADE doing a speck of moonlighting at the FDA or maybe that company that got the contract???.
Sounds like it, LORI..
CDEX should spend more time with the FDA??
The US Food and Drug Administration (FDA) today announced a public-private partnership to help spot counterfeit or substandard antimalarial medicines using a tool called the counterfeit detection device, or CD-3.
Developed by researchers in the FDA's Forensic Chemistry Center, in Cincinnati, Ohio, the CD-3 is a low-cost, hand-held, battery-operated tool that provides visual results in seconds, requires only limited training to operate, and can be used in remote locations.
"The device works by taking advantage of the fact that substances absorb light waves differently depending on their chemical makeup; so if you illuminate a counterfeit or substandard product it will look different from the authentic product," FDA Commissioner Margaret A. Hamburg, MD, explained during a briefing today.
The FDA also announced today it has signed a letter of intent with Corning Incorporated to refine and improve the tool for eventual manufacture on a larger scale for broader use.
///////////////////////////////////////////////////////////////
"Counterfeiters don't limit themselves to antimalarial drugs," Dr. Hamburg noted. "Counterfeit and substandard drugs are a worldwide problem that we face in the United States as well. We've seen counterfeits for cancer drugs, cardiovascular medicines, and antidepressants to name just a few. Counterfeit drugs with little or no active ingredients can have devastating consequences."
Dr. Hamburg said that since 2010, the CD-3 has successfully identified counterfeit drugs and other unapproved products at US ports of entry. The tool has been applied effectively to screen cosmetics, foods, medical devices, and cigarettes and investigate product-tampering and questionable documents.
"We believe it has the potential to be a frontline tool in protecting the integrity of the global supply chain," Dr. Hamburg said.
It would require a work of MAGIC to do that. CDEX has gotten away in the past and got people to believe what would be a work of magic... but not now. I have seen two or three posts that claimed BUILT and shipped...by people that surely knew better.
The tooth fairy no longer dwells at CDEX.
They gave a SH meeting.. and nobody came. One person told me that he/she would probably be there.. but turned out that there was a prior engagement.
That should be a hint. Nobody any longer cares a fig for CDEX.
I guess that it is a fitting end for that truly crummy Company.
To be finally done in by the slimiest crook of all the CRooks that have taken that storied title...CEO of the SCAM CDEX.
But then , he is used to losing.
Ah the excitement!! The troo blooers are falling all over themselves to stay away from commenting re CDEX.
You are right. About all he can do is ape Wades words. Wade is inclined to tell him what he wants to hear. Too damn bad that neither of them is believed sufficiently to stimulate share sells...which is the true aim.
The SH meeting is today. I wonder what new stuff, if any is going to result
from THAT???????????????
If anything, current management of CDEX is even more corrupt than any former management. Although I am FAR from convinced that any former CEO is truly out of touch with CDEX...they still own a large part of the blame
and the shares. No former CEO that I know of EVER made a loan shark loan to CDEX of 33 percent.
None EVER sold a false distributership re cancer to the LUBBOCK bunch and then claimed that the sale was of a PRODUCT.
None ever went BK and cheated the CREDITORS, SHAREHOLDERS, etc, out of any chance to ever collect by "promising" to pay with diluted shares, and the false hope that an IMAGINARY DOO-HICKEY would make them well.
This one bears repeating. It sums up much better than I could do it. Why?? Because there is the pain in there being borne by a former stubborn CDEX believer.
Seems that we are on the same wavelength, Diddy, but you said it better than I did. A NICHE market at best. CDEX has to come up with a more generalized DOO HICKEY to survive, one with appeal to JOE SIX PACK and his offspring.
They can peddle a bit of this and that, and if the INONITs are content to work for very little and lay off all the BONUSES and such, maybe keep the doors open for awhile yet. The quarters are small and inexpensive. They will not have the funds for "R&D" or "consultations" and such nonsense.
It would take more money than CDEX has left over from the LUBBOCK bunch to mount a sales campaign. MUCHO MORE!!! That old saw about building a better mousetrap and the world would come a knocking does not apply here. It ain't a better mousetrap and any demand would be specialized and limited to pharmacies.
As with the VALIMED # 1, pharmacies are not gonna lay out a pile of money on an unproven DOO HICKEY...Even if the Hospital ADMINS would let them.
I know ONE IDIOT that won't believe, ME!! AND A Whole passell of IDIOTS that were once TROO BLOO LONGS.
Technical considerations aside, Where is the money for component parts coming from. Where is the engineering and Labor coming from? As free-hearted as banks have become in the recent past, only one with a death wish would lend CDEX a bent dime. The examiners would close them down PRONTO!!
No supplier with a lick of sense would give CDEX any credit. Even assuming that the IG4 will or would perform as advertised by JB and Wade there is no demand for it. They would have to advertise better than they ever have to create any significant demand. A lying PODCAST will not do it. Nor would any PRs on a scam internet web site.
More tricky lingo, Diddy..."WAS CONTRACTED". MP used that one a lot. It is simply another forward looking statement. Non-specific. Did he publish the exact terms of the "Contract".. NO.
Just another example of MP speak.
I doubt that there was ever a shipment to start with.