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.
CDEX SCAM's Dr. Oil-kin
Boy them there Tajas folks sure loves the CDEX SCAM stock. You think they might pick up a handle and be vociferous? Let's see, what else would they be interested in? Health care companies? Nah that's a reach. Real estate? Nah. Property management? Pharmaceuticals? Who knows. That's all to easy.
I'll just ask around, see what turns up on the inside.
http://secgems.com/c/all_sec_filings/0001173738/cdex-inc?page=1
Great site! Thanks Crow
.
SCAM CDEX CEO liar!
2011
"the market interest continues to spread for the VG4,” stated Jeff Brumfield, chairman and chief executive officer of CDEX."
CDEX SCAM files Hacked?
My gut tells me that based on the things I have heard from those who actually knew him, including Mp himself, one might not put it past him to go surfing thru computers that were not his.
Well this is interesting! Who has that generous gut spoken to you about?
One remembers that Ts and Mp both had their computers breached. The interesting Cdex saga is that Dr. Poteet was not at Cdex when this breach happened. Two guess who was, lol.
Nope, I don't recall that being in a cdex PR or SEC filing from cdex, do go on. Funny how you cover for poteet right up front, like he's not capable of going through other peoples computers or having someone do his dirty work for him.
Well, lets say that the real answers were already in the folder before the the questions made in onto this Cdex board.
Folder? Is that the poteet personal file?
The Cdex way is to compare and contrast, don'tcha know.
Right, sure. Cdex has a way to tell lies to cover themselves. Sad is when the truth is proofed with documents. Set'em up, knock'em over.
No wondering here mate, the facts were already in before the questions were asked.
The facts? Or just some "narrative" to escape the truth? Just make it up as one goes along like it was never said.
SCAM CDEX's poteet "file"
Just wondering if there any more questions concerning the poteet "file" I think these have been answered.
Did you remember that the letter from Dr. Poteet to the CEO of Cdex has restrictions on it?
Did Dr. Poteet or Cdex Inc, give you permission to post the letter? Better yet, who was the letter obtained?
Dr. Poteet was contacted as well, and he to was wondering how his letter made into your hands???
Oops whoops, did the circle of flies suggest an email? lol,
I find interesting that you would have a copy of this letter that was never made public in any SEC filing???
Did you remember where you found Dr. Poteet's letter to the CEO Mp yet.
You sure know Dr. Poteet well???
Still waiting for where the Dr. Poteet letter came from.
SCAM CDEX Mendacity
Desperation indeed. Anyone but bumfield and his buddies. Any thing but the lack of a saleable cdex product (only toys and props). Any thing but the embarrassing failure of bumfield , Dr. Jason Terrell and Coates at the loan-a-thon, suckered by Dodi Handy and Hanover[elite. Any thing but the fake loan.
It's easy to see what's going on with the stock price.
And yes posters here are right that poteet's emails have been all over the place, well except some posters. Have you seen this one? (redacted (SIC))
Apparently, Malcolm's hubris and ego just would not let that occur: thus, the dire mess that CDEX now finds itself in, thanks entirely to Malcolm. Have you ever noticed that the first three letters of Malcolm's name MAL, means "bad" or "onerous"? After the trail of misery and rotten fruit he has left in his wake here in Arizona, I believe "Son of Satan" or "Satan's pawn" suit him well. It took a long time for people like me and ************* to discover the true con man we have been dealing with, but the 8 years and $24 million of investor's hard-earned money wasted should have been a clue!
Best of luck, and let me know about the ******************* issue,
Wade
NEWS FLASH poteet has a private file at SCAM CDEX!
Gosh I thought the discussion was an "email", from poteet. Not the big money losers in the bumfield caused cdex bankruptcy, who was it again? Dr. Jason Terrell, jeffy bumfield, Motta, and Robbie Stewart.
Say while you are checking with cdex about the poteet email, could you check to see about the location of the Osprey Capital Advisers? Are they located at someone's house like Jim Hock is of Hanover International?
Cdex has no personal gain, no products, no assets, no educated leadership, nothing.
poteet was contacted? Wasn't he at the office when cdex was contacted?
His letter in my hands? poteet has a private file at SCAM CDEX? Gosh I guess it's not private any more now that you mentioned it.
All the flies are around cdex. Yes email.
Yes dump it while you still can!
CDEX SCAM Hoi polloi
Well there you have it. It was actually checked with cdex, LOL! And there is no doubt that the letter is/was personal, just a simple fact, not an opinion, everyone know this the be true etc., etc., etc. One can read between the lines as to how that was done, etc., etc..
The final conclusion is what, that it was done for personal gain? To establish a personal narrative, lead others to conclude this or that? To have others promote a message one is not willing to voice ones self?
I await the wisdom of the Hoi polloi.
Shhhhh
You're gonna ruin the fun....Isn't everyone on poteet's email string.
SCAM CDEX "per-misso"
That nice. There will a lot more that will create interest for all in the future. Concerns for confidentiality I can tell are tops around here. Most streets are two way have you noticed. Hopefully I'll get per-misso and won't have to explain about how I could care less about "restrictions" from the likes of cdex.
SCAM CDEX planned bankruptcy
pennstreet~~~
Motta stuck with it!
"these two men were like the last three who forced Cdex into BK, they could do that." What the? They are the ones that forced cdex into bankruptcy. Philips, Ryles and Firmbach didn't file the cdex bankruptcy bumfield did, and Motta was right there along with Stewart and Terrell.
"I would speculate that they are going to give Cdex and the background work, the time it needs". Well sure Motta has been giving it what now, 10 years. Motta's kinda stuck with it now isn't he. bumfield, well it's all he's got, a day job with junior.
Someone seems to be allergic to posts about Terrell and SCAM CDEX, have you noticed? Well here is 6,193,249 reasons to look a little deeper....
http://ih.advfn.com/p.php?pid=nmona&article=66178356
Motta had a note that was wiped like the rest, 67K Teehee.
SCAM Alerts! persist
Terrell's involvement in Any Test Now continues to get SCAM alerts. Strange that the promoters of cdex never mention his involvement with Any Lab Test, well not since his appointment as head of "CDEX’s research and development". Here is part of his resume as posted on the CDEX INC web site:
Medical director for Any Lab Test Now©, the largest direct access medical testing franchise in the United States.
MD from the University of Texas at Houston School of Medicine.
Serves on the Board of Directors for Terrell Oil and Gas Production Company, Inc, and Dr. Terrell is also the owner of Terrell Property Development, specializing in large multi-family real estate development.
TUCSON, AZ–(Marketwire – Jan 26, 2012) – CDEX Inc.
Dr. Terrell is currently a corporate medical director for Any Lab Test Now©, the largest direct access medical testing franchise in the United States
http://www.ripoffreport.com/reports/directory/any-lab-test
http://cdex-inc.com/cdex-appoints-dr-jason-b-terrell-as-medical-director/
CDEX SCAM team
Speaking of Terrell's involvement here is a new video post on the NIBA web site of team cdex's attempt to a attract "legitimate" lenders at the loan-a-thon last year. Coates, Terrell and bumfiled went a begging, with no takers. Musta done their homework those lenders. Of course a email or two from so-and so might have had some effect on those potential lenders. And there is Ihub!
Let's not forget who took them to the loan-a-thon and has since disappeared, again. Dodi Handy from Hangover[Elite. That picture with Dodi Handy of the dumb looks on team cdex's faces was priceless.
See minute 1:02 and on to about 1:24
http://nibanet.org/conferences/niba-september-2014-new-york-ny-conference
Whoopee!
You should have been here years ago. Get ready for another giant "just dump it" event like the one in January , happens regularly, it's the only way to get rid of it for the majority.
http://www.nasdaq.com/symbol/cdex/stock-chart?intraday=off&timeframe=5y&splits=off&earnings=off&movingaverage=None&lowerstudy=volume&comparison=off&index=&drilldown=off
SCAM CDEX's poteet
Who doesn't know him well after 15 years with the SCAM. And yes I remembered.
CDEX's Dr. Terrell
Future of SCAM CDEX
The SEC report from CDEX is going to be interesting.
Just one more thing before the gang and I head out to the Crab Deck for some fresh Blues. Proverbs 17:28 is of such wisdom here, ole wade poteet would know it.
Good luck finding a wise person at CDEX.
Oh the Truth
The points that you make about all note holders being talked to in advance of the planned bankruptcy by bumfield and the others are just that "points". Points without documents, letters?, mail?, emails? nothing, no proof.
Why would the story change now that bumfield had to wait, I thought you said that he in his smarts knew there was trouble months before.
The SEC filings again were written by bumfield/cdex. You yourself mentioned this and that things were left out for a reason.
The facts, what facts? When you say that three note holders wanted to do damage. Those three evidently didn't like the deal that was being forced down their throats. The others, who knows what they were thinking, no facts.
Yes it is your "opinion" That Philips, Ryles and Firmbach had decided anything together or separately. We do know who lawyered up.
If bumfield had a plan, it sure wasn't a success now was it. Like all his other business dealings, failure and bankruptcies.
Yes, you don't really believe that there aren't some of those very note holders who were shafted out of their monies would just forget about it do you? Hey, some got to get what they can outa this before some other dumb business dealings are executed by the dullard, like the ones we've seen in the last four years. Nope shareholders are free to buy and sell at their own discretion. Take profit where they find it. Pennies from heaven for you and for me.....GO SCAM CDEX!
Enjoy the Truth
"Any attorney would know that by sending a default letter, the letter could cause serious harm to the person or company receiving the letter. "
Well ya see the default letters from Philips and Ryles didn't get fired off until the CDEX SCAM actually defaulted on the note, now did they. Water under Da bridge, hilarious! The big losers were bumfield, Motta and Robert Stewart. Millions wasn't it?
I certainly do and they are just waiting for the right moment to let go and do some real damage.
Just dump it CDEX SCAM
You should ask wade poteet. My guess is another letter like that is in the works. Will know next time I hear from....oh never mind.
Say could you pass along to us all that contact info for Kathy Addison over there in Sanford FLA, be interesting to hear from her. Dodi Handy isn't talking. And Jim Hock, where did you say his office was? And heck where is the office for Osprey Advisors? I know all are really wondering where those guys are located.
CDEX SCAMSTERS got what they deserved
Cdex stock reversed by 1 for 10 in the bumfield caused bankruptcy. Too FUNNY! Let's see who was it Motta, bumfield and R. Stewart. That musta been some kinda fun, bahahahahahahaha! They should have tried arbitration, then poteet could have paid their expenses....ROFLMAO!
CDEX SCAM should look inward
As I have said the CDEX SCAM should look inward as it tries to blame others for the failure of it's dullard CEO. And yes the backers of the SCAM CDEX are suckers.
So now we know for sure it was a planned bankruptcy. Planned to wipe out the debt and dump the note holders, planned for a loan to own. What was not calculated was that ex employees who knew the dullard and his friends and knew their aims. When one spins tales one should remember not to trip on previous tales one forgot they told. Trying to rewrite what is already well documented is never a good idea.
Wow! 6 cents time to dump this dog
CDEX SCAM sinking
Right again! No one wants this junk, it's all a SCAM. The panicked attempts to keep the stock price from sinking below .0001 where it really belongs.
And really starting see some desperation here. Attempts to revise history to fit a narrative, of course it could be the fermented grapes talking. I think we're on a count down. No money to keep the lights on, no more fake loans, no more suckers. No money for poteet. Fear of having to get real jobs that fit their real GED skills, etc.. The present suckers fed up and outa more cash to waste. Should be great fun to watch.
CDEX SCAM almost done
CDEX IS A SCAM
CDEX SCAMMED Again?
Of course.
Still looking hard for any evidence that Hanover International is anything more than smoke blowing in the wind. Same with Kathy Addison, of , let's see Wall Street 1-2-1, Elite Financial, Hanover[Elite, Carrabba's Grill, etc.. NOTHING!
She disappeared with Dodi Handy......suckers!
I encourage you to look her up on Facebook after looking her over on LinkedIn. Looks real busy working on SCAM CDEX's sucker money search.
https://www.linkedin.com/in/kathyaddison
Same goes for Osprey Advisers, no proof yet that there's anything there, NADA! That CDEX CEO bumfield he's sooooooo smart!
CEO of SCAM CDEX known liar
There's the answer.
So you do admit now that bumfield arranged the deal to bankrupt cdex well before the note was due, refreshing.
Here is the guy bumfield called, advice, right.
http://ericslocumsparkspc.com/
"....votes on the new note?" There was to be no new note. The note holders were offered a take it in the shorts deal at a reduced value to their holdings. Forgive the debt in exchange for what SCAM CDEX and it's SCAMSTERS have , worthless shares. So no note, no debt, the note holders would have been just small time SCAM CDEX shareholders. When that backfired the planned bankruptcy was executed by bumfield, documented facts. Heck even Robert Stewart tried to get Gemini to drop its entire debt. Gemini knew idiots when they saw them.
From the way back machine
Remember this CDEX INC article. Tell me, does this all sound familiar right now?
Tucson, Ariz.-based CDEX Inc. incorporated in 2001 and soon purchased technology assets from a defunct Austin, Texas-based technology incubation company called Loch Harris.
A former Loch Harris and current CDEX investor -- Michael White of Sarasota, Fla. — first encountered the technology behind the meth scanner at a conference in San Diego in 2000. Wade Poteet, now CDEX's principal scientist, was demonstrating the future optics of the CDEX's remote detection capability. White soon became not just an investor, but a believer in the technology.
White believes it is one of the most important technologies being developed to deal with the country's security, so much so that he e-mails information about the scanner to reporters who happen to as little as mention meth in a story.
CDEX CEO Malcolm Philips claims CDEX is now light years ahead of even that technology. Yet the company has not received substantial capital investment. In the past year, it has replaced some top executives and only recently hired a CFO.
It diluted its stock at the beginning of the year in order to create more shares available to drum up investment.
The stock was trading on the Over The Counter Bulletin Board on Thursday at around 60 cents per share.
In recent SEC filings, CDEX lists the following risks to investing in the company:
- A history of losses and an accumulated deficit (a $24 million deficit as of April 2007).
- A lack of additional financing could result in a total loss of the business.
- No assurance of successful manufacturing due to outsourcing (Outsourced to Mastek-InnerStep in Tucson).
- Lack of market acceptance may limit ability to sell products.
- Substantial competition may limit ability to sell products (General Electric, Ahura Corporation).
"Being a small company, you live by the resources that you have," said Philips.
CDEX does hope to bring in $33.75 million in sales from similar remote-detection technology targeted at hospitals.
The company also anticipates that with only a 5 percent market penetration of the nation's 35,000 law enforcement agencies and school districts, the company could generate $26.25 million in sales of its meth scanner, based on the units selling for $5,000 each.
Philips estimates CDEX will have little competition at that price.
Said White, "I have a positive outlook on the situation, even though I look at my portfolio and I'm underwater all the time.
SCAM fake loan to CDEX
Right again. I believe that these guys are actually afraid to have to get real day jobs. Jobs they're actually qualified for.....Like a boatload Florida cab driver, or hotdog cart supervisor, or landscaper in Ramona, etc..
As I mentioned before with no cash a certain doctor will not waste his time coming in to the small hole in the wall SCAM headquarters. Below is what happened last time they stopped payments......
Dear Malcolm,
In the approximate time frame of December, 2006, CDEX technical group personnel had submitted resignations which reflected a lack of confidence in the then current management to carry the company forward. The present management team stepped in and instituted changes that allowed the company to recover by obtaining investor funding and continuing operations. In the time period following that recovery, investor funding and some product sales have funded the company until recently when the company’s financial situation has deteriorated considerably.
I have examined the latest 10KSB along with the latest roster of CDEX personnel. Considering these as well as having a general knowledge of the company’s status with vendors and creditors, I have come to the disturbing conclusion that the present course of the company is not sustainable and will not lead to profitability even in the long term. Among the specific items of concern are
· Extremely high numbers of management and indirect personnel relative to direct workers (a current ratio of about 5 to 1)
· Very high R & D figures (about $943,000) with enormous G & A (about $1.6 million) for a company of this size
· The continued policy of manufacturing product outside the company, even though relatively low volumes of product orders have been experienced, and low volumes are anticipated for the near term (i.e., less than 50 medical units and less than 75/month for the ID2). Our experience to date with outside manufactures has been dismal at best
· Ineffective sales in Europe and poor sales in the U.S.
· Failed relationship with BAXA and foundering relationship with Grifols (no sales)
· Emphasis on organization and lack of emphasis on substantive sales/efficient manufacturing for company sustainability
· Substandard products to customers (ID2) to bring revenue in the door
· CDEX enjoys the worst reputation for paying its bills of any company public or private that I have ever known, and materials for production have been purchased on credit terms with the company’s foreknowledge of its inability to pay for those materials in a timely way
· Inability of the company to pay its workers in a timely way, even at a rate reduced by voluntary deferral
Even though the present management successfully effected a recovery from the disasters of 2006, I have now lost confidence in their ability to effectively lead the company forward with the present and anticipated future products. CDEX is clearly in breach of my current contract due to non-payment for labor alone. Accordingly, please accept my resignation from the position of Chief Science Officer of CDEX, effective April 30, 2009 for cause. I expect timely payment of the $37,700 owed me for compensation since November, 2008.
I wish you and the company well in the future.
Sincerely,
Wade M. Poteet, Ph.D.
Chief Science Officer
SCAM CDEX documented facts
Those guys you mention Mp. Gf,jr are all long gone. There is absolutely no proof that bumfield called anyone but a bankruptcy lawyer to execute the planned bankruptcy to dump all the debt and the note.
When was that last shareholders meeting, were all three shareholders there? The pig pen was while McCommon was in charge ( just ask the three ex-employees who were there).
The fools who invest in this insider paid day SCAM don't have a clue about the tech, else they would know that it's failed.
Can't wait for the SEC report! There is always something working in the background, that's what keeps the SCAM alive, expectations of this and expectations of that, blah, blah, blah.
SCAM CDEX cash broke? Go figure!
CDEX SCAM excuses
Crow, one can know what's going on behind closed doors at cdex, trust in that.
All one has to do is look at the news that has come out and know that this news means the SCAMSTERS are desperate to find some more suckers to finance the continuation of expectations, and fake launches of the props.
The super hype days at SCAM CDEX are here to stay, like this junk from the CEO corner page of cdex's, jeffy bumfield...."Due to the established growing needs for our technology and given the fact that we are very close to commercialization and implementation of our ValiMed G4"
What cdex has had for the last five years is a failed businessman with a history of bankruptcies. No one picked him, he was part of team of loan to own stock holders who lost big in the reorg of cdex after the bumfield caused bankruptcy.
It is most obvious that the investors in cdex don't know a SCAM when they see one. Some have already lost a great deal of money backing this loser.
No serious investor would believe in such a proven loser
As cdex has demonstrated in the past the common shareholder means nothing to them.
The share selling days may be over cause no one in their right mind would give cash for trash, thus the "giving" away of shares to a nebulous investment firm.
Nothing good at SCAM CDEX
Well said, Cdex is a SCAM and therefore will not meet the parameters you have set. A least back when the college educated folks were at cdex and the staff included engineers, chemists, doctors, technicians and a pharmacist on site on staff there was a hope that the company could prosper. That was all wiped out, and then finished off by the bumfield caused cdex bankruptcy.
The three employees are An uneducated proven loser, bumfield, his dullard kid, and McCommon the CFO. Then there is three contractors, poteet, starsinger, and one would guess Coates. No mention of the outside sales guy John McConnell except on the stale cdex web site. That is all the SEC filings from cdex mention.
Not much of a real company there.....Just a SCAM.
CDEX SCAM shares is all they've got
Except in the case of Coates, who was smart enough to take the cash the simple answer is that's all the SCAM has is worthless shares. Oh and the 36 million blown by the SCAM in the past 15 years, one old cdex doctor got plenty of that.
SCAM CDEX believers all paid "believers"
On the payroll and sporting millions of shares of SCAM CDEX junk stock.
Dr. James G. Stevenson
Dr. John Coates
Dr.wade poteet
Dr. Jason Bradley Terrell
CDEX SCAM sales top expectations!
CDEX SCAM due any day now
This has got to be the funniest most ridiculous you're a sucker if you believe it bunch of nonsense I've seen from the SCAM in years!