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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I see that IHUB is no longer listing CDEX as Celldex Therapeutics (CDEX)??
MAKES no difference though. There is no volume. But the day is not yet over. Time for some true believer to call a broker and offer say a nickel a share..over-priced, but may be able to get filled.
A bit of confusion, though. Is CDEX going as CDEX.INC or are they going as Celldex Therapeutics (CDEX)??
I have just read several days of posts of not much interest including quite a few by proven liars. But I admit to being impressed by only one statistic furnished by IHUB..the VOLUME of sales of the shares is ZERO.
Nobody is putting their money where their Mouths are.
My congratulations to CDEX on their forthcoming attendance at yet another Dog and Pony show...misnamed MID YEAR...in VEGAS, yet.
The word "VEGAS" could explain why.
So to navigate and see the IHUB BOX is click on the red CDEX above and just under where it says GET QUOTE. Did that help??
I seldom believe what CDEX nor their spokespersons WRITE.. I would never believe what any of them say on the phone or any other manner ORALLY.
It is IHUB that calls the company Celldex Therapeutics (CDEX).
See the box above. To see the box, you have to know how to navigate the web page. But that is not difficult.
It may be a simple error, except that IHUB seldom makes an error..not even a small one.
Them wild turkeys still doing your porch up in OK?? If so you can gitcha one for thanxgivin. Try not to bloody yer porch when you shoot one.
I do hope that you and TEX are not still waitin fer CDEX to make you millionaires,,,assuming that you ain't one already.
CDEX ain't EVEN GOT A MILLION THEMOWNSEFFS and very small prospects for making much beyond salary.
HOT AIR STILL AIN'T SELLIN,,
"This transition reflects the completion of the positive restructuring we completed," said Jeff Brumfield, chairman and chief executive officer of CDEX Inc. "We continue to see strong interest in our proprietary safety and detection products both domestically and internationally, we remain very optimistic of our future outlook."
TRANSLATION.."I sure am glad we got to carry out the BK that the BOSS, MP, thought up. Now we got some money, and I am getting a semi-nice salary. Sois my son, not to mention the reimbursement (LOL) of "expenses" LOL again".
CELLDEX was as high as 105 back in 2001 or 2002...fell on hard times been under 10 for awhile.
Being a touch suspicious, I am with DIDDY..just a wee error. CDEX has never claimed to be into therapy.
Celldex Therapeutics(CDEX) IMPLIES a separate company.
But the PR from VIKING below makes no mention of CELLDEX THERAPEUTICS.
Check it out tommorrow.
Celldex Therapeutics a fairly large company into therapuetics or treatment of cancer. It would be possibly a good move for shareholders if they were to buy out CDEX,
But do not jump for the telephone just yet. Wait until something OFFICIAL comes out from BOTH Celldex Therapeutics and CDEX.
LOOKING UP AT THE TOP OF THE PAGE we see "Celldex Therapeutics(CDEX)"...
W/O explanation, it appears that CELLDEX THERAPEUTICS is about to or has began a process to buy out CDEX...
Or as DIDDY says..simply an error.
As SEA URCHIN SAYS..somebody gotta explain...
QUIET< QUITE< KWITE simple explanation Ms. URCHIN.
It goes back to MAMA and the teachers. All Kiddies were taught "If at first nuthin good happens, try sumpin else".
Well despite all the EXPECTS and such other forward looking stuph from JB and TOUTS, the SP has not jumped up to like a buck.
So get ridda that failing trading symbol and try another one.
The COMPANY already is called "SEEDEX" spelled with four letters..so why not use CDEX as the trading symbol?
TWO advantages...first the history of CEXI becomes hard to find.
Second...Those that never heard of either could become intrigued by the CDEX symbol and maybe read some propaganda. Try a new set of lies..see wha HOPPEN,,,,
It is QUITE likely that you nailed it DW. MP is the largest everything except for GEMINI..CREDITOR, SHAREHOLDER, The works. It is TOTALLY unlikely that he remains in the silent background.
But he has JB and them to take the blame for whatever goes wrong...and JB can blame WADE.
Dang, DW, you got talent.
I know that you would much rather that CDEX be successful. But you are no longer afflicted by illusions.
So would I much rather that they be successful as a real company but not as a continued story..SCAM!!
THE DREADED DROP? SP down to 15.
If XENO did reply CAPN, what do you think he would write??
Go back and read his posts and reflect on his poor opinion of the veracity of statements from CDEX CEOs. An opinion shared BTW, with the CDEX LONGs.
I share his opinion if not his talent.
FORWARD LOOKING STATEMENTS are not needed. HISTORICAL STATEMENTS that can be verified is needed if CDEX is to rise from the ashes and become worthy of true belief.
btw,THAT SAME SET OF FILINGS SHOWED 20 LARGE UNSECURED CREDITORS, LARGEST BY FAR BEING MP. GEMINI SOMEHOW FAILED THE CUT.
MUCHO THINGS NOT ADDING UP.
BUT TO HECK WITH IT. NO DESIRE TO REOPEN THE CASE. EVEN IF I COULD. WARTER UNNER THE BRIDGE...AND G'NITE TO ALL
Interesting to note the date 5/27/2011 which could be Indicative
of PRE-PLANNING for the BK well prior to the actual filing..not a spontaneous result of the hard-headedness of three creditors that refused to agree to accept shares in lieu of money. Which is all they got anyway, after the BK was decided in favor of the debtor.
PRE planning that MP was most likely involved in, as the biggest shareholder after GEMINI.
5/27/2011 was the date that WADE and O'HARA got on board the BK train. Or so the (COINCIDENTAL LOL!!) date indicates.
The posted numbers came from the public BK filings, CAPN, as I stated in an earlier post that you apparently missed. Not my numbers at all.
MARY O'HARA became co-counsel for CDEX in the BK case.
THEREFORE she had a PERSONAL interest in the BK proceedings unless she divested herself of the shares..AFTER FEB 14 but before becoming co-counsel.
For all I know, she did that or the JUDGE MIGHT not have allowed her to appear in his court in the BK proceedings..
The named on the list are those holding registered certs in their own names..
The vast majority of those are really small numbers..probably forgotten or now practically worthless because it would cost more to sell them than they are worth. Not EVEN worth bothering with.
BOUGHT back in 03 or 04 when they were selling for MUCH more.
By far the largest numbers are held in street name. So it is unlikely that you will find many familier names..but there are some.
A couple that may be of special interest are;
MARY O'HARA............119882....issue date 5/27/2011
WADE POTEET...........1139921....issue date 5/27/2011
LIST OF EQUITY HOLDERS dated 14 FEB lists them all by name or street name. Some with as little as one share, others lots more.
Did not count...but there are several pages of them.
This was a part of the preliminary filings to the Court.
I am emailing a PDF copy to all the usual recipients...
I can be as civil as you wish, CAPN.
It must be clear to you as it is to others that I do not share your optimism re the chances of CDEX becoming profitable. Not even in their usual endeavour of selling PP shares.
It is possible that I may have a reservation or two regarding the sincereity of your stated position re CDEX.
DID JB LIE TO HIS LAWYER??? TUT TUT!
UNITED STATES BANKRUPTCY COURT
Minute Entry
FOR THE DISTRICT OF ARIZONA
Matters:
JAMES M. MARLAR
Reporter / ECR: WESLEY STANGRET
Courtroom Clerk: CINDY TURNBULL
Bankruptcy Judge:
Date / Time / Room:
Case Number: 4:12-BK-02402-JMM Chapter: 11
Debtor: CDEX INC.
Hearing Information:
MONDAY, JULY 16, 2012 10:45 AM COURTROOM 329
0.00
1) APPROVAL OF DEBTOR'S DISCLOSURE STATEMENT
R / M #: 70 / 0
2) EXPEDITED HEARING ON MOTION FOR ORDER ALLOWING DEBTOR TO UTILIZE FUNDS IN ESCROW
ACCOUNT FOR ORDINARY COURSE OF BUSINESS OPERATIONS FILED BY ERIC SPARKS OF ERIC
SLOCUM SPARKS PC ON BEHALF OF CDEX INC.
R / M #: 84 / 0
ERIC SLOCUM SPARKS, ATTORNEY FOR CDEX INC.
JAMES LEWIN, ATTY FOR NANCY WOLF, APPEARING BY PHONE
SARAH MOYED, ATTY FOR U. S. SEC, APPEARING BY PHONE
MARY O'HARA, SPECIAL COUNSEL FOR DEBTOR RE SEC ISSUES, APPEARING BY PHONE
JOSEPH MOTTA, ATTY PEMCO, LLC, APPEARING BY PHONE
THE DEBTOR'S PRINCIPALS ARE PRESENT IN THE COURTROOM
JEFF SKLAR, ATTY FOR GEMINI MASTER FUND, LTD.
JOE WATSON, ATTY FOR RYLES
LARRY WATSON, ATTY U. S. TRUSTEE, APPEARING BY PHONE
Appearances:
Page 1 of 2 07/18/2012 8:03:09AM
Case 4:12-bk-02402-JMM Doc 94 Filed 07/16/12 Entered 07/18/12 08:03:34 Desc
Main Document Page 1 of 2
UNITED STATES BANKRUPTCY COURT
Minute Entry
FOR THE DISTRICT OF ARIZONA
(continue)... 4:12-BK-02402-JMM MONDAY, JULY 16, 2012 10:45 AM
Proceedings:
ITEM 1: MR. SPARKS STATES HE HAS SPOKEN TO MR. LEWIN REGARDING THE TRUSTEE'S CONCERNS, AND HAS AGREED TO ADD
ADDITIONAL ITEMS AND AMEND THE DISCLOSURE STATEMENT. HE REQUESTS A CONTINUANCE.
COURT: IT SOUNDS LIKE THE DISCLOSURE STATEMENT CONCERNS HAVE BEEN WORKED OUT.
MR. WATSON STATES HE DOESN'T FEEL HIS OBJECTIONS ARE CENTRALIZED IN THE DISCLOSURE STATEMENT. HE FEELS THEY ARE
PLAN ISSUES.
COURT: THE CONFIRMATION HEARING WILL BE SET FOR AUGUST 24, 2012 AT 11:00 A.M. BY VIDEO.
MS. MOYED STATES SHE WROTE A LETTER WITH COMMENTS. SHE WILL NEED TO SEE THE CHANGES TO THE DISCLOSURE STATEMENT.
COURT: MR. SPARKS IS TO SUBMIT A REDLINED DISCLOSURE STATEMENT, AND IF IT MEETS THE DISCLOSURE STATEMENT CONCERNS,
A CONFIRMATION WILL BE SET FOR AUGUST 24, 2012 AT 11:00 A.M. (30 MIN.) MR. SPARKS IS TO WRAP UP EVERYTHING WITH THE
DISCLOSURE STATEMENT, AND HAVE THE ORDER TO THE COURT BY JULY 25, 2012 FOR SIGNATURE.
MR. WATSON STATES THE U. S. TRUSTEE HAS NO CONCERNS, OR OBJECTIONS. WILL THERE BE A DEADLINE FOR OBJECTIONS TO
CONFIRMATION?
COURT: GET RESPONSES IN THREE DAYS' PRIOR TO THE HEARING.
ITEM #2: MR. SPARKS EXPLAINS THE MOTION. THE DEBTOR HAS A NUMBER OF INQUIRES GOING ON AND ORDERS TO FILL IN THE
NEXT 60 DAYS. IT APPEARS THERE IS POSSIBLY ABOUT $700,000 IN NEW MONEY COMING IN FOR CONFIRMATION, AND HE WOULD LIKE
A COMFORT ORDER FOR MS. O'HARA.
COURT: CAN THE DEBTOR SURVIVE WITH WHAT IT HAS ON HAND UNTIL AUGUST 24TH?
MR. SPARKS STATES HE WILL HAVE TO DISCUSS THIS WITH HIS CLIENT. AFTER DISCUSSION, HE RESPONDS AND REPORTS THAT
AUGUST 24, 2012 AT 11:00 A.M. IS FINE FOR CONFIRMATION. HE WILL PREPARE DECLARATIONS.
COURT: THE MOTION TO ALLOW DEBTOR TO USE FUNDS IN THE ESCROW ACCOUNT WILL BE KEPT PENDING UNTIL CONFIRMATION.
1.00
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Main Document Page 2 of 2
arloco/crowe ... see capnmike's post
He says he remembers seeing something in the court docs in which Gemini (maybe - could have been another entity) estimated a shareholder number in the thousands. Can either of you find what he's referring to?
I wonder where all that IMMEDIATE CASH FLOW FROM ALL THOSE CONTRACTS WENT?? GOODNESS!! LOL!!
IS THIS IT????
THURSDAY, APRIL 05, 2012 10:00 AM
Proceedings:
COURT: ARE THERE ANY UPDATES?
MR. SPARKS STATES HE HAS SPOKEN WITH SEVERAL CREDITORS, AND THE DEBTOR HAS FILED SUPPLEMENTAL
DOCUMENTS. THERE HAVE BEEN NO OBJECTIONS TO THE USE OF $275,000 FOR 60 DAYS. THE DEBTOR HAS FILED
BUDGETS, AND HAS A NUMBER OF CONTRACTS WHICH WILL GENERATE IMMEDIATE CASH FLOW. THE PLAN WILL BE ON
FILE WITHIN 30 DAYS. HE FEELS WITH THE CASH FLOW PROJECTIONS PROVIDED TO EVERYONE, THE DEBTOR WILL
GENERATE ABOUT $600,000 PER YEAR.
COURT: WHAT IS THE LONG-TERM OUTLOOK FOR THIS CORPORATION?
MR. SPARKS STATES $275,000 WILL GET THE MACHINES OUT THE DOOR, AND MONEY WILL BE GENERATED. FURTHER
DISCUSSION IS HELD.
COURT: WHY NOT ADVANCE THE PLAN AND GET IT ON FILE IN A WEEK? IF THERE IS A VIABLE PLAN, LET'S GET IT ON
FILE.
MR. SPARKS STATES HE WILL HAVE A PLAN ON FILE WITHIN 14 DAYS. THE DEBTOR NEEDS THE MONEY NOW TO GET
THE PRODUCT OUT THE DOOR.
MR. LAIRD STATES HE REPRESENTS A FORMER EMPLOYEE, AND HE HAS FILED A LAWSUIT FOR UNPAID WAGES. HE HAS
A CONCERN ABOUT THE $275,000, AND FEELS THIS IS A BLUFF.
THE COURT IS NERVOUS RELEASING MONEY UNTIL THERE HAS BEEN A FULL-BLOWN HEARING TO DETERMINE THE
NATURE OF THE CASH. THE COURT DOESN'T WANT TO MOVE TOO QUICKLY ON THIS.
MR. SKLAR STATES HIS CLIENT HAS $930,000 IN UNSECURED DEBT. HE FEELS THERE IS SOME POTENTIAL IN THIS
COMPANY, AND AGREES THAT A PLAN SHOULD BE FILED SOONER, RATHER THAN LATER.
MS. LAVIGNA STATES HER CONCERNS, AND MOST OF THEM WERE ADDRESSED BY THE ADDITIONAL INFORMATION
SUPPLIED. SHE DISCUSSES THE OFFERING, AND THE DIFFERENCE IN THE TYPES OF OFFERINGS.
MR. SPARKS INTERJECTS COMMENTS. IF THERE IS NO MONEY, THE DEBTOR CAN'T GET THE PRODUCT OUT THE DOOR,
AND GENERATE MONEY TO PAY THE CREDITORS.
MR. WATSON STATES MR. BRUMFIELD IS INVOLVED IN A CHAPTER 7 IN SOUTHERN CALIFORNIA. HE REVIEWS THE PAST
HISTORY OF THE DEBTOR. THE U. S. TRUSTEE HAS SOME SIGNIFICANT CONCERNS. HE AGREES WITH THE COURT
THAT IF MONEY IS ADVANCED, IT WOULD HAVE TO BE DETAILED CLEARLY.
COURT: AFTER FURTHER DISCUSSION, THE DEBTOR'S MOTION IS DENIED, WITHOUT PREJUDICE. MR. SPARKS IS TO
GO BACK AND FIND ANOTHER APPROACH TO OBTAIN FINANCING TO GET THIS MOVING. IT MAY BE NECESSARY TO
INVOLVE THE CHAPTER 7 TRUSTEE IN CALIFORNIA. THE COURT WILL HEAR ANY ACCELERATED HEARING THE DEBTOR
WANTS TO PUT ON.
1.00
DUNNO who is tigersnarks. MP did say that wade retired sans a gold watch but with praise.
Gen 4 is an Imaginary Illusion in my estimation. I cannot imagine why you would believe in it.
Cannot imagine why two figgerhead BOD members are a comfort to you in your old age..or young age or whatever age. They have done nothing for CDEX except vote a coupla times.
No volume means nr TRADING volume. DUH
The listed price for CDEXis holding fairly steady. WHY IS THAT SO?? ANS..little to no volume. As Closer, who made a million off LOCH/CDEX has often said..WATCH THE VOLUME.!@#$%^&*(.
It is VOLUME That moves the SP..One should often listen to millionaire traders.!@#$%^&*().
ONE could also say that the SP moved the Volume.but that is true only if someone is not controlling the SP.
FREE MARKET concept has not always held for CDEX.
MP also said an investment in LOCH/CDEX would give your wallet a boost. I suppose he meant that it would boost your wallet.
Also said that it would give your descendants a good reason to remember you. THAT has proven accurate. Though not fondly.
It would be a srategically wise investment. Helpful far beyond a tactical investment, but one that in a generation or two would be considered OLD MONEY. Yep. But only for the INONITs. ANd not all of them, even. Poor TB lost his purple house, and RAMSAY in the JUG. THE BOYOs though ran out the SOL and last I heard were living quite comfortably but not TEXAS rich.
AND what of CDEX itself... No money, no product, no sales. Only a few rents.
RAIDER invented the slogan "next year will be our year". The CAP'T has taken it over. It is not in the least likely that CDEX will ever have a good year.
Nor is there any evidence of sale of any products. Except for that wee doo hickey that goes in Valimed to hold the test sample.
Which you have posted is not needed in the IG4.
That sounds a bit vague to me, Pennstreet. Especially since I see no evidence of successful sale of PP shares.
Quite so,Poster that seldom sleeps in the city that never sleeps.
Your acquaintance with the LOCH/CDEX Scam goes back even further than mine.
The sale of the ONCOLOGY (CANCER) agreement as if it was a REAL product instead of merely a blast of HOT AIR may be unique in the annals of SEC filings.
Fittingly and as planned, the "agreement" if it can be so dignified, was converted into shares.. AS SOON AS CDEX OBTAINED PERMISSION TO INCREASE THE NUMBER OF AVAILABLE TREASURY OWNED SHARES.
Reality is that it was not more than a sale of shares from the start.
More wisdom from a really smart person and crappie fisherman. Damn straight!!
yes-i-amtheman:
JMHO. Investors the world over are placing their dollars in any public co. with strong earnings good products lots of good sales news. Weather they are first time buyers or have been holders of a particular stock for years.
CDEX still has the burden of proof that it is a co. like this.
CDEX has the history of a company on the brink of disaster from a down quarter to the next quarter being worse as the years passed. That being a fact then. There is no reason that this stock would hold an attraction to a first time buyer or the long timers.
JMHO.If CDEX has proven products that perform at a high level with accuracy and strong sells and a few good quarters will evaporate it's past history with all buyers. Gamblers wanting to day trade. Or those looking for a safe heaven for investing dollars.
If CDEX has proved anything. It's staying power.
Bad year after year with little or no leadership for long periods of time.
PP shareholders with deep pockets has given CDEX with a new CEO. another chance to prove itself.
That's faith if nothing else.
It seems there is good news coming. According to the recent action of the courts and PP shareholders. Time will tell and should be in the next few quarters. I am anticipating future buying of CDEX. But with only proven statements and Prs. and market driven proven products.
All in my humble opinion.
dw
Quite simply, it is STILL wait and see. As it has been for over a decade.
ANY claim that the CREDITORS were enthusiastic for the plan, and that the cOURT DECISION was anything more than a PRO FORMA agreement is ridiculous.
JB and MINIONS can modify the plan..they are still gotta make progress reports to the trustee. Damnfino what the Court will consider adequate progress or whether the Referee would bother to complain to the court if she sees inadequate progress. I do not believe that the court not the referee really gives a toss.
JB said he needed money. The LUBBOCK bunch came forward and offered to furnish it if all the creditors agreed to take shares in lieu of money, and agreed That LUBBOCK bunch would be the sole "secured creditor" from now on. The creditors overwhelmingly agreed. No appealing alternative existed. So they agreed.
No skin offa the Court nor the referee if CDEX does not get the plan done. Maybe the LUBBOCK bunch have a plan that I cannot see. I dunno. From what I can see, the plan is to sell PP shares, as per usual. I do NOT believe that they will find enough suckers to survive for long.
I cannot rationalize a scenario in which they can avoid being broke again in a few weeks..probably by FEB when the next annual report is due to the SEC or MAR when the next quarterly is due.
That is NOT a prediction, but an analysis which is based on what I can see from my perspective as an onlooker of long ACQUAINTANCE
with the LOCH/CDEX SCAM.
What else COULD THEY POSSIBLY DO to broaden the market. The only thing else that occurs to me is so unlikely as to hit the impossible on the strain guage...make an ID4 that is so useful as to make it a MUST HAVE for every self-respecting hospital in the universe.
Even if they knew how to do that, they do not have the funds necessary to accomplish the manufacturing, pay JB and Son and all the other unavoidable expenses.
JUST HOT AIR. The plan given to the court is it.
Nothing new ..rumor is lease instead of buy or rent per use.
Which was said to widen the market because large payments are avoided. Not bloody likely.
MR CAPP was hoping that we had not gotten the CDEX BK court files. So he could lay BS on us.
Borrowed from a CDEX oriented site elsewhere and written by a very nice and smart person. The people that have bought this stock in the past and who will buy it in the future was very well educated by CDEX 2 times around. JMHO. The Investors that buy market CDEX shares today are much smarter now than in days gone by.
To many were burnt buying on news and not facts.
It will take old fashion earnings and a good bottom line of hard cash. To move this stock.JMHO. Pumped up statements and false Prs. won't entice buyers or move the pps. Those that are anticipating to buy CDEX are waiting for proof positive.
JMHO.
The CDEX market buyers want the equivalent of 100% PURE BEEF. With the U.S.D.A. stamp of approval.
I hope CDEX has what it takes to make a profitable co. and can prove it.
dw.