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After two years on the job JB...
Jeffrey K. Brumfield
Executive Compensation
As Chief Executive Officer and Chairman of the Board of Directors at CDEX INC, Jeffrey K. Brumfield made $674,225 in total compensation. Of this total $237,781 was received as a salary, $0 was received as a bonus, $436,444 was received in stock options, $0 was awarded as stock and $0 came from other types of compensation. This information is according to proxy statements filed for the 2013 fiscal year.
http://www1.salary.com/Jeffrey-K-Brumfield-Salary-Bonus-Stock-Options-for-CDEX-INC.html
What an invaluable addition to the CDEx team, he actually gets the SEC filings in on time. What more is there to say.
Nothing.
"In effect, ANGELS/TEMCO own it.
But can they ever sell it?? THAT is what makes them suckers for JB to make money offa..
If CDEx has no money at the end of March it looks like the creditors (JD/Pemco Boys) may have the opportunity to acquire CDEx by default.
Not only are the creditors sticking it to CDEx with what is almost equivalent to a 40% per annum interest rate, they're going to profit even further if CDEx defaults:
Upon the occurrence of any Event of Default, at the option of the Lender, all principal and other amounts owed under the Line shall become immediately due and payable without notice or demand by the Lender, and the Lender, in addition to his rights and remedies under this Note, may pursue any legal or equitable remedies that are available to him. The default interest rate shall be the greater of 25% and the maximum amount allowable by law.
How is CDEx going to pay back the loan? Have they been showing any revenue?
Where did we read that JB was going to put the G4 into immediate production after securing financing (I know, I know, he's the classic 'boy that cryed wolf' and ya can't beleive a word he says. I'm just trying to remember the last time that he said it. Was it when he went to the Investment Banker Seminar and got cdexed?
"...have you noticed that the ASHP show runs have stopped? Those folks probably got tired of looking at the prop, with pointee talkee cards, posters and idiots like bumfield shoveling the same bilge year after year."
Yep, I noticed. CDEx had to have been the big laugh at the ASHP show after the second year.
After four years, not even a CDEx scamster would want to stand at a booth and get laughed at.
The pennstreet groupies say:
"It has already been proven that Dan, who posted on the link, is an imaginary person, to which no one can find, not even the very knowledgeable people of Ramona have ever heard of him."
LOL! Pennstreet's idea of proof is hilarious! Just because penny couldn't find the name listed on a website does not constitute proof that they are imaginary! LOL some more.
What it means is penny couldn't find the poster and that's all it means.
On the contrary, what we do know is that the two posters exist and that they both have a very negative impression of CDEx CEO, Jeff Brumfield.
And it doesn't take a rocket scientist to know that "knowledgeable people in Ramon" could very well be lying about not knowing the one or both posters if, indeed, the allegations have merit. Denial would be the obvious first defense.
It could be that the name was not spelled correctly by typo or intentionally or a thouisand other reasons.
The important point is the posters do exist and they don't appear to like doing real estate business with CDEx CEO, Bumfield.
As for the latest comment about Brumfield, I believe that was posted by an actual CDEx promoter that posts on this message board. This is based on past experience dealing with CDEx penny stock scam promoters.
Penn Street, what are you getting so excited about and what are you saying?
"Mark Baker of Loch Harris is on topic on this board, diddy's post is claiming a falsehood."
What am I claiming that's false? I said, "Think Mark Baker, Bumfield and the San Diego Boys and Girls Club." That statement doesn't even posses the properties of truth or falsehood. And your post verifies my statement is true. LOL
What I find interesting is that Baker and Brumield were/are both involved in real estate. Who would have thunk!
Sumtin's in the gravy.
pennyhopper, no point missed, it's just never off topic to let people see what a truth behind the CDEx SCAM.
And YES, my source of information has also acknowledged that Bumfield goes way back into the Loch days. He might not have been a PP investor at that time, but he was around. A simple fact.
Think Mark Baker, Bumfield and the San Diego Boys and Girls Club.
Kapeesh?
"In time, the Cdex truth about Mr. Brumfield and Loch Harris will come out."
What do mean 'will come out'? The truth behind the Loch/CDEx scam has been exposed for the public to see for years.
Even the pennstreet group of scam artists have admitted to the SCAM.
"Cdex moved pass the Penny Stock scamster stuff, when a true business man and leader was brought in by pper's."
-The pennstreet posters
"No hype on bogus pr's, as was the norm from the loch days and first 9 years of Cdex."
The pennstreet posters
How accurate were the pennstreet posters? 'Penny stock scamster stuff'? Yes, everyone knows that, just read this board for the facts.
'No hype on bogus PR's'? 100% WRONG! Since Bumfield became CEO the PR's have been nothing but bogus. A simple fact proven many times on this board.
As ~Kidd stated, either the pennstreet group are uninformed and don't really know what's going on or they are intentionally lying in an attempt to cover-up the scam, or both.
That CDEx scamster JD (junior grade) has been caught at lying like that under his current and past aliases many, many times.
Every story that he makes up is always an attempt to cover up something about the CDEx Scam.
He'll never get how stupid his posts are.
Some bad comments about Jeff Brumfield back when he was suppose to be hard at work at CDEx:
http://www.mymoneypro.org/Real-Estate-Company/Jeff-Brumfield-Cal-Pacific-Mortgage/
Unethical? Why am I not surprises? LOL
"His "consultants" cannot do much if anything even if they are truly ever consulted about anything. Which I doubt."
But Crow, isn't Dr. Coates the new Director of Spectroscopy at CDEx? LOL!
At least that's the label the scam artists at CDEx put on him. They wouldn't lie to honest investors would they? Maybe he only held that title for a day or two, then that wouldn't be lying would it?
I'm sure that Dr. Coates was like Sgt. Schultz on Hogans Heros, "I see nothing, I hear nothing, I know nothing" and he probably didn't want to know anything either.
"Well, that's what they told me"
"Just pay me my fee and I'll sit at the Investment Bankers Show and repeat what you've told me. For an additional charge I'll let your minions paste my bio on the internet."
That's how I think it went down anyways (TM- nasfanium)
Not a snowballs chance in Palm Springs that CDEx would show him their small shop in the Tucson strip mall... or should I say the CDEx world headquarters.
So what happen to penny hopper (tbeezer, aussiekang, ontheedge, kisdinsight... etc.) and the el gordo tag team?
"...our ValiMed G4 provided valuable information, leading us to conclude that the product required additional updates."
LOL! Sure it did, when a scam company desperately tries to jump start their scam by announcing a new dream machine (G4) to replace their last failed product they know that the clock is ticking before investors and the investment community at large realize it's just another scam product.
In other words, they could never get the G4 to work as they advertised AND PROBABLY NEVER HAD ANY INTENTION OF ATTEMPTING TO GOING SO.
The history of this company is available for anyone to research, it has been nothing but pure scam since the inception.
What happen to JB/RS (aka pennstreet), it seems they're too embarrassed to post here anymore.
Even after MMM, the PPS of the CDEx SCAM eventually adjusts and seeks its true level.
Just like water.
It appears that the concensus is Dr. Coates was used as a "prop" (nicely said Amanita) in an attempt to secure funding at the banker investment show.
Nothing new there, this scam has used that ploy over and over again to the point where it is cliche.
Some very impressive references Dr. Coates has, all of which have absolutely nothing to do with CDEx.
I was told by a knowlegeable person that the IR firm most likely told Bumfield to hire a high visibility consultant to help secure funding and it appears that's exactly what CDEx did. I don't believe that CDEx has the money to hire Dr. Coates for anything other than eye candy for potential investors.
Besides, In order to involve him in research they'd have to invite him to the Tucson strip mall and show him the G4 prop and I don't believe they're going to do that in a million years!
Maybe the CDEx scamsters finally figured out how stupid they looked exhibiting the same silly mock-up each year.
How many years have they exhibited, four? After two years, I'm sure the attendees were already getting a good chuckle as they passed the CDEx booth. After three, all CDEx credibility was lost.
Last year they probably noticed the reaction from the attendees and finally realized exhibiting the same ol' prop without having anything to sell was counterproductive (putting it nicely).
How incredibly stupid, but if their goal was to generate sensationalized PR's to promote PP sales without regard to how they looked to the pharmacology professionals, then I suppose they did OK.
Maybe the ASHP wouldn't even allow them to exhibit this year? Who knows.
I was counting on CDEx to hit a dollar like the CDEx promoter posted on this board so that I'd have enough money to buy Christmas presents.
Ah well...
"The truth concerning Mr Brumfield and Cdex is well documented in the filings of the SEC."
Which is exactly why there is not one thread of SEC evidence in any filing at Loch Harris or Cdex, until 2004."
LOL! How hard was it for JB to keep off the radar screen prior to his CDEx buy-in and appearance in the SEC filings in 2004? Just because he didn't show up in the filings doesn't prove he wasn't involved with the scam earlier.
JB wasn't involved until he appeared in the SEC filings? LOL Yeah right.
Sheesh! You're losing it man!
Welp, it appears that John Coates is busy with his own company called Sentelligence, Inc. just like Wade Poteet and CP Systems
http://www.environmental-expert.com/companies/sentelligence-inc-45814
(Edit- posted wrong link) http://www.environmental-expert.com/companies/sentelligence-inc-45814
And from reading the Sentelligence story on their website it looks like Coates is no stranger to securing investment capital.
Here's a list of John Coates patents:
http://patents.justia.com/inventor/john-coates
Here's one that seems to be up CDEx's alley:
On-site method of providing analysis of potency and purity of pharmaceutical compounds
Application number: 20070239367
Abstract: A computer facilitated method of requesting a spectral analysis of a sample having an unknown concentration or purity, performing an energy absorption analysis of the sample to obtain spectral data regarding the analysis and comparing the spectral data to a stored spectral data regarding the analyses of the samples having a predetermined concentration and purity to determine the concentration or purity of the sample having an unknown concentration or purity. The spectral analysis is performed on site where the sample is prepared or administered using a portable analytical apparatus and provides a real time report of the concentration or purity of the sample. The apparatus requires only a small sample size.
Type: Application
Filed: March 22, 2007
Issued: October 11, 2007
Assignee: MEDPRO HOLDINGS, LLC
Inventors: Russell Odegard, Earl Pruett, John Coates
Integrated sensing system approach
"Oh my my, one should have been at the CDEX booth in New Orleans."
Total BS!
Anaheim is very close to me and I have a good friend attending the show. I just might pop in to have a look see. Of course it will cost me dinner and drinks but it would be worth it.
Prop or production model?
The ASHP show starts this Sunday (Dec. 7-11) in Anaheim, California. CDEx is listed as an exhibitor once again.
Year number 4, so far it's been all talk and no product, what a total loss of credibility. Simply unbelievable.
I wonder what lies Brumfield will tell this year?
Will they exhibit that same silly prop again?
According to the last CDEx PR they should have a fully operational production model on display. Well... that's if they do what every other company on the planet does and not put them into production until they've been fully tested and 100% functional.
CDEx did announce that they were starting production when they received the line of credit didn't they?
I know, I know ya can't believe a word Brumfield says anymore but maybe the fourth time's a charm?
LOL! Just kiddin'.
That's because everyone knows that CDEx is an on-going scam and those that still hold shares have been ripped-off by asset transfers, R/S's... etc. that by now they hardly have anything left.
It's not the correct terminology to say "average down", when 99% of ones investment is gone. It would be more like newly investing and what shareholder (that has already taken a huge loss) is going to re-invest in a blatant scam.
Besides, only a fool would listen to a CDEx stock promoter advising investors to "average down" on a obvious scam.
"Just imagine if the Valimed G4's start getting placed and the orders start coming in right and left.'
That's exactly what the scamsters at CDEx rely on, a PP sucker with a fertile imagination that will buy into that load of BS.
"Just imagine..."
CHING, CHING.
Volume is picking up. eom
"I have forgot as to why you know that Cdex does not have interested hospital's in the Valimed G4???"
LOL!! Bwhaa ha ha ha ha... etc.
Any hospital would show an interest in what CDEx has advertised, unfortunately for the hospitals, what has been advertised is nothing that CDEx has ever produced.
I don't even think it's a matter of 'bait-n-switch', I think an interest for the illusionary 'dream machine' helps with PP sales... if only those investors knew the MO of this scam like some board member here do.
Touche!
Welp Kidd~
It ain't hard to come up with a simple answer to all your questions, their expectations were just too high! LOL
I will say this, they must have some ingenius method of denial to be able to continue to live with themselves.
"Why not perfect a product first ?
Then state that you are going into production ... After you're SURE it works properly and up the standards your customers seek ?
Not only do they not perfect the product first, they apparently advertise and hyped it before they've even built a prototype (a prototype, not a prop). I still don't think they know if it can be built. Or maybe they know it can't.
Here's a quote from a de facto CDEx expert and promoter that will spin anything to make CDEx look good. This time he inadvertently got it right:
"It may or may not not take a higher education to grasp that "never before built technology" can never have a specific finish date, only approximate dates. One can guess as to the finish time for a product, but the product will only be finished, when it does exactly what it is being designed to do.
Key words: "never been built before"
The iG4 will eventually need to be released if CDEx is to survive. That means that if they can't get it to work as they advertised, they'll have to downgrade what the G4 can do and launch a watered down instrument.
That's something I predicted with 100% certainty a couple years ago which has already come to pass.
It won't have all the features of a Motorola Razr will it Wade Poteet?
What a shame!
Amanita, that is very much a possibility:
A deal may have been struck to once again dump the shareholders. Loan yourself money that can't be paid back, bankrupt it and then claim ownership of the remains. The remains will include some props (built by the loan money) that will transferred to a second entity interested in that sort of science (hints have been droped here before by another poster). The patents will also go along with a very small team of three, two scientists and a software guy (no dullards). The physical move may have already taken place."
Or even if there is no "science" worth saving, at least it's a way to bury the damning evidence so it can't bite them in the hiney later down the road. Isn't that what MP did for the B-Boys, they entrusted the scam to him. He managed to squeeze 30-40 million out of it before handing over the reins.
Then MP brought in Bumfield to do the same.
I must say, the CEO standards are really going down hill, I can only imagine who will be next, Brumfield junior?
Like all of the other half-cocked, failed products from CDEx, it appears that there will be no independent testing of the elusive iG4.
And why would they want to? If the iG4 is like all the other CDEx products they wouldn't want an independent lab to confirm that the device doesn't work as advertised.
That would be bad for PP sales, after all, isn't that what the CDEx SCAM is all about.
Will the iG4 measure drug concentration directly from the bag, vial,syringe... etc like they've been advertising for 4 years??
Not a snowballs chance in Tucson, Arizona in the summertime! Not without a cuvette it won't.
That was a partial post that was accidentally submitted.
If anyone wants to know why the iG4 still does not work as advertised the reasons were posted on this board some three years ago.
There is one thing that all investors should remember about the CDEx SCAM, ever product that CDWEx has ever actually produced has never woked as advertised. Ever single one!
That's all four of them, Vailimed 1, Valimed CCT, the hairdryer meth gun and the pocket meth gun.
The valimed 1 wouldn't sell, 25 units sold to Baxa were returned as unsellable. Hoaspitals returned Valimeds stating that they didn'tdo what CDE
"I believe that he and his team will get Cdex to a big board."
LOL We've all heard that one before allegedly from past CDEx CEO's, but on reflection, those statements probably came from lower echelon CDEx promoters trying to encourage PP investors to close a deal.
That statement is so far from the realm of possibility that it's hilarious. You were trying to be funny weren't you?
Of course you were, now I'm just funnin you.
An attempt is being made to artificially inflate the PPS. That's
a simple fact, but it won't work without massive volume. The question is, who is willing to throw their money away to do that?
One big joke is what it is. Exactly who are you trying to BS? PP investors that might be following this board, because it sure ain't d4diddy.
Brumfield, Poteet and the rest of the crew are common criminals as far as I'm concerned.
The activities of this scam speaks for itself, your attempt at whitewashing over the facts sticks out like a sore thumb.
Boo.
Hey Kidd~, I would expect anyone who can lie and deceive shareholders about the CDEx scam on a day-to-day basis would have very little moral integrity and certainly be easily confused to think that having money means that one has brains.
Yet... it is still rather amazing! LOL
"No one in the Tucson rental closet for months."
Well... If you want to talk to Brumfield just let pennstreet know. He'll contact an intermediary that will then contact Brumfield. If Brumfield is available to take the call he'll let the intermediary know when it would be a convenient time for pennstreet to contact him directly to discuss what the caller wants.
If both pennstreet and Brumfield decide that the callers question(s) are manageable, pennstreet will contact the caller and give him a phone number and specific time when Brumfeild may be contacted directly.
Remember, if pennstreet says to call Brumfield at 4:30, call him at 4:30 sharp! 4:30 means 4:30, there is no margin for error if you are graced with the privelege to speak directly to CDEx's CEO.
He's a very busy man I hear. The real estate market is picking up in Californis didn't ya know.
I have only one question: How on earth can CDEx have started production of the G4 back in October IF NO ONE IS SHOWING UP TO WORK?
D4DIDDY chiming in...
Yes, CDEx is a share selling scam, always has been alway will.
It's been kept alive by the skin of its teeth with PP investors willing to believe the unbelievable.
It just goes to show, the prerequiste for an accredited investor is money not brains.