I am not doing a lot. I am retired. Doing a bit of share trading and own a bit of real estate.
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.
FACTUAL FACT and ACTUAL fact are often seen..but the more qualifications that are used on the word FACT the less likely is that it is the truth...and the more likely it is a lie or a spin.
Do not trust a used car salesman that insists that the odometer shows ACTUAL MILES. Look for wear on the brake pedal. Frayed seats, etc. And if you hear a rattle when the thing is cranked up and running do not buy that it is an ACTUALLY NORMAL rattle. Unless it is a diesel..RATTLES AIN'T NORMAL..adding ACTUAL is no proof of anything.except that somebody may be peeing on your leg, and calling it ACTUAL RAIN.
For anyone that still insists that CDEX is not a scam..NOW..but was a scam when MP was running it..TWO THINGS..MP is likely STILL running it..and JB is just as crooked as MP ever was..but lacks an essential...he is NOT a LAWYER..NOR quite as smart.
And all thats a FACK, JACK!!!
How many digits do you need to count the believers?? Just the fingers on one hand?? Take both hands?? Surely not have to toss in the toes too!!
Me, I doubt that there are ANY AT ALL true believers. Just a few people hoping to pull in some suckers..or maybe even start a P&D.
The fat lady is well into her ARIA.
It is up to CDEX to show otherwise.
Not the first time that fact has been confused with truth.
EXAMPLE;
"I see a bird" is a statement of fact. But it is truth if and only if you do actually see a bird. Juries are TRIERS OF FACT. They are charged with determining if you actually saw that damn bird, or not.
I have said that CDEX IS a share-selling SCAM numerous times. That is a statement of fact. There is nearly universal agreement amongst shareholders and even INONITS that it is also a statement of truth.
INONITS would add the word "WAS" into my statement. Most shareholders and ME would not add that word. We keep the word IS.
That case should be settled. No further argument. But the BK court in its infinite wisdom has given the INONITS one more chance. Lets see what they do with it. WAS or IS..which is truth??
Better see if you can make a deal with the fat lady. I keep hearing her warm up for the ARIA...
Can't prove it by me...I can barely count to 100..LOL!! Maybe MOONSOON will chime in.
Only INONITS and SUCKERS would buy off on what PENNSTREET posted.
What he basically said was that SCAMS are fine. Let the BUYER BEWARE. Straight damn lies are OK when one has sumpin they wish to sell. Especially shares in scam companies.
The law does recognize "puffing" as OK..but not outright SCAMS such as CDEX morphed from LOCH.
But in practice, only famous and notorious SCAMS are usually prosecuted. CDEX is chickenfeed. But there are those that sank life savings into it. Certainly not chickenfeed to them.
HERE IT IS...No comment....
SHO IS SONNY..LOL
Maybe you should load up while there is still time!!
BTW, in these days of so many social networks..those anxious to hide ID should avoid ego trips like putting up photos??NAW!! RIGHT PRETTY toothbrush mustaches should never be kept hidden!!
NOW that the BK judge has approved the "PLAN" may one expect an immediate turnaround in the promised new fortunes of CDEX...or should one expect a new bevy of excuses and continued failure??
Today started off with a large jump in volume...is that a new beginning of a P&D or is it a sign of renewed faith in CDEX management??
YOU DECIDE....
Some things left to be done..but which will take some time.
Shareholders will get one share for each 10 that they hold.
The rest will get shares in lieu of money with a few exceptions.
BOTTOM LINE..the court has approved the plan but retain jurisdiction to approve or deny certain things in the future
Then everyone will live happily ever-after...like in all good fairy tales. SHALOM, YALL
The final plan. JB and them have gotten all that they asked for.
Now after implementation, they can proceed to go about the business of doing what they have said that they will do..
1
As we have seen, the JUDGE is asked to approve how much the lawyers are gonna get. He will no doubt award them what they ask, if no objections are raised. Probably will even after any objections are raised. LOL!! He was wunst a lawyer himseff.
G'NITE ALL...HASTA MANANA......
OK one last attempt to explain...
JUDGES DO NO WORK. THEY MAKE THE LAWYERS DRAW UP STUFF AND ADD THEM TO THE PILE FOR HIM TO CONSIDER. AT THE RIGHT TIME, THE JUDGE DECIDES THAT HE HAS ENOUGH TO DECIDE> HE DOES NOT MENTION EVERY JOT AND TITTLE FROM HIS PILE OF STUFF..HE MAKES SURE THAT ALL HAS THEIR SAY>>AND TRIES TO CLEAR UP THE OBJECTIONS, IF ANY.
Then after he finally decides, he makes the main lawyer draw up the decision and instructions for implementation. When he is satisfied with what the main lawyer draws up, he affixes his signature. He may or may not comment, it is up to him.
Now mr SPARKS made a filing re MP, already mentioned. His remarks included that there was uncertainty re the amounts of the MP claims, and that on a legal technicality, his claims were not secured.
Now you may continue to argue with yourself on this...I am done.
CASE CLOSED, AND DISMISSED.
Quite right. I make a simple observation based on a filing by the CDEX Lawyer which clearly agrees with what I observed.
So here you are still trying to justify your rather dense reaction to what I posted..and keep multiplying issues to no avail.
If anybody looks the fool, it is you.. I did include a CAVEAT saying that your Lawyer may need to iron out the details..because MP is nobody to trifle with. He could appeal or sue. Already has a LAWYER!!
Your conscience may be bothering you because you are saying bad things about your long time friend and fellow scamster MP..
If so, don't let it bother you. MP does not need sympathy..he made out fine offa CDEX.
The NY LAWYER wants her money/fees..seems a bit excessive to for the work done...but gee whiz,,,RENTS are high in Da big Ceetie..
So now you are saying that the GOOD JUDGE did not read all the filings???
My goodness son. You do not want to anger his honor before he signs!!
What is amazing is that you attempt to discredit your own LAWYER..even now busily drawing up the final papers for the judges signature.
It is obvious that you have not read the documents.
So read CDEX BK Doc #126 - Objection to Phlips & IAM Invesnment
filed by the CDEX lawyer.
Not the first time that you have taken it on yourself to disagree wuth the filings rendered by your own lawyer.
AS YOU OBSERVE..
they traded 105K AT TWO CENTS...iF AND WHEN THE PLAN IS IMPLEMENTED, THAT WILL CHANGE.
Not going to dignify that outburst with a reply..
Still got a bit of work to do..and the LAWER, AS USUAL, has to draw up the order..do the donkey work..the Judge is freed to do his GOLF or whatever for the weekend.
HOPE that JB and family do not starve while waiting for things to settle down and the money comes in so he can draw his first 10K a month salary and perks. Not seemly for a CEO to live in a small donated travel trailer and scrounge for groceries...LOL!!!!!!
ALSO hpe that the LAWYER DOES NOT HAVE TO ASK THE COURT for a delay due to rule 14..AIN'T been paid yet.
JUST GOT THIS ONE FROM ARLOCO...presented verbatim..
UNITED STATES BANKRUPTCY COURT
Minute Entry
FOR THE DISTRICT OF ARIZONA
Matters:
JAMES M. MARLAR
Reporter / ECR: CHRISTINA JOHNSON
Courtroom Clerk: LUPE MARTINEZ
Bankruptcy Judge:
Date / Time / Room:
Case Number: 4:12-BK-02402-JMM Chapter: 11
Debtor: CDEX INC.
Hearing Information:
FRIDAY, AUGUST 24, 2012 11:00 AM COURTROOM 206
0.00
1) CONFIRMATION OF DEBTOR'S PLAN
R / M #: 98 / 0
2) CONTINUED HEARING ON DEBTOR'S MOTION FOR ORDER ALLOWING DEBTOR TO UTILIZE FUNDS IN
ESCROW ACCOUNT FOR ORDINARY COURSE OF BUSINESS OPERATIONS (CONT. FROM 7/16/12)
R / M #: 84 / 0
ERIC SLOCUM SPARKS, ATTORNEY FOR CDEX INC.
FRANK DRUMMOND, ATTORNEY FOR NANCY WOLF, Appearing by Telephone
SARAH MOYED, ATTORNEY FOR SEC, Appearing by Telephone
JOSEPH MOTTA, ATTORNEY FOR PEMCO LLC., Appearing by Telephone
JEFF SKLAR, ATTORNEY FOR GEMINI MASTER FUND, LTD., Appearing by Video
JOSEPH WATSON, ATTORNEY FOR RYLES, Appearing by Video
LARRY WATSON, ATTORNEY FOR THE U.S. TRUSTEE
MARY O'HARA, SPECIAL COUNSEL FOR DEBTOR RE SEC ISSUES, Appearing by Telephone
Appearances:
Page 1 of 2 08/24/2012 4:47:51PM
Case 4:12-bk-02402-JMM Doc 127 Filed 08/24/12 Entered 08/24/12 16:48:03 Desc
Main Document Page 1 of 2
UNITED STATES BANKRUPTCY COURT
Minute Entry
FOR THE DISTRICT OF ARIZONA
(continue)... 4:12-BK-02402-JMM FRIDAY, AUGUST 24, 2012 11:00 AM
Proceedings:
ITEM 1: CONFIRMATION OF DEBTOR'S PLAN
MR. SPARKS REPORTS THAT THE CASE IS CLOSE TO BEING CONFIRMED TODAY. AN AMENDED BALLOT REPORT HAS BEEN FILED. ALL
CLASSES THAT HAVE VOTED, VOTED IN FAVOR OF THE PLAN AS PROPOSED WITH SOME MODIFICATIONS. THE ISSUES WITH THE SEC
HAVE BEEN RESOLVED.
THE COURT NOTES THAT MR. DRUMMOND'S CLIENT VOTED TO REJECT THE PLAN IN THREE CLASSES. HE ASKS IF THE VOTES HAVE
BEEN CHANGED, AND IF THE MATTER HAS BEEN RESOLVED TO HIS SATISFACTION.
MR. DRUMMOND RESPONDS YES. HIS OBJECTION WILL BE WITHDRAWN.
THE COURT ASKS MR. WATSON ABOUT HIS OBJECTION.
MR. WATSON REPLIES.
DISCUSSION IS HELD.
MR. WATSON NOTES FOR THE RECORD, THAT IN LIGHT OF THE CONSENSUAL NATURE OF THE PLAN, THE U.S. TRUSTEE IS NOT
OBJECTING AT THIS TIME.
MR. SKLAR GIVES AN UPDATE AND STATES THAT THEY BELIEVE THE PLAN IS A MUCH BETTER OPTION THAN LIQUIDATION.
MR. MOTTA STATES THAT HIS CLIENT IS BOTH AN EQUITY OWNER AS WELL AS A CLASS FOUR SENIOR NOTE HOLDER, AND HAS NO
OBJECTION TO THE PLAN BEING CONFIRMED.
COURT: THE PLAN WILL BE CONFIRMED. MR. SPARKS IS TO SUBMIT A FORM OF ORDER ONCE ALL THE CREDITORS HAVE SIGNED OFF
ON IT.
ITEM 2: CONTINUED HEARING ON DEBTOR'S MOTION FOR ORDER ALLOWING DEBTOR TO UTILIZE FUNDS IN ESCROW ACCOUNT FOR
ORDINARY COURSE OF BUSINESS OPERATIONS (CONT. FROM 7/16/12)
COURT: THE PLAN BEING CONFIRMED, THE MOTION IS MOOT.
1.00
Page 2 of 2 08/24/2012 4:47:51PM
Case 4:12-bk-02402-JMM Doc 127 Filed 08/24/12 Entered 08/24/12 16:48:03 Desc
Main Document Page 2 of 2
IN the future, if I have an occaision to refer to the new lenders..I will use the shortcut "YLTO Lenders"..an economy of key strokes and wasted time explaining stuph over and over.
I cannot claim to have invented the phrase loan to own..but neverthelss, since it is not copyrighted, can exploit it as just shown. BTW, I trust that YLTO Lenders will NOT have to be tossed on the street for non payment of rent..or have to eat a cheaper brand of dog food as a result of lending all that money.LOL!!
CDEX is very fortunate that YLTO Lenders are on their side. BTW, YLTO Lenders.. since RS is the leader..why not petition the BOD to vote JB out and elect RS as CEO?? He deserves it.
OK suits me. Whatever..now what market? Gray?...pink?...OTCBB...what?? NASDAQ?? NYSE?? American?? which??
More filings from arloco...
SEems that WOLF withdrew her objection..but is still holding onto the shares of the JB estate..awaiting instructions from the CAL Judge.
MPs objection was disallowed over technicalities and uncertainty over the amount. (better straighten that out, CDEX!! Do not want a lawsuit or apppeal from MP!!)
Sworn affadavits re the new lenders..and the amounts now due from them. Wear it in good health BOYS AND GIRLS..YOU lend to owners..
you now* have the company..whatcha gonna do with it..?? LOL!!
*AS SOON AS DEFAULT OCCURS..
So the story continues. How do I feel personally about that? As I have said I have no dog in the hunt, nor am I training one to
jump the birds. So no reason to be elated nor deflated. The COMPANY is what it is..If they can really market stuff and over a long time add enough value to regain some money for the SHAREHOLDERS?
If so... they have my support, for whatever that means to them, if anything at all.
I credit ROBERT STEWART more than I credit JB for "saving" the company, if that is really how it will play out over the next few years.
I believe it is a mistake to retain JB as CEO. His history of dealing is not encouraging..with CHAP 7 BKs, etc. That 33 percent loan shark loan to CDEX is not encouraging, either. But if the company turns out to be just another OTC SCAM...as seems likely to me..then it does NOT make any difference.. [
It does appear that the JUDGE did approve the plan. When the mopping up is done, CDEX will have a new trading symbol..and will be debt free except for the new funding.
Which market? Can they get back on the OTCBB? Or the pinks or gray? Still to be seen.
It is clear that ROBERT STEWART and the group in LUBBOCK did save the company fom chap 7 at least temporarily, by offering funding.
Now the Questions are..can they market anything? Unless they can within the time that the funding can cover operating expenses..then back to broke and perhaps chap 7.
Can they sell PP shares or obtain convertible loans to add to the money from LUBBOCK to sustain operations? That seems to me to be unlikely. They have a history that would be very difficult to overcome. They will have to market some stuff successfuly and
demonstrate some ability to sustain life before they can do much of that.
HAS the JB personal CHAP 7 been discharged or not?
Try to conntrol your hyperness..LOL!! The Judge is liable to notice and ask why??
You would not want to let him think that you are less than confident, would you? He could decide to try to find out what you know!! Not so easy tossing BOOLSHEET around with a judge hanging over your shoulder. LOL!!~
The SP is determined by the trading...to state the obvious.
What you cited is NOT a law. It is merely guidence from the SEC.
The INTRINSIC VALUE is unchanged by the split. Not necessarily the SP.
THE SEC DOES NOT SET SHARE PRICES!!!1`
A reverse split will result in an increease in SP if and only if people are willing to pay more..and does so.
On the OTHER HAND...but you know..all that..
You just wanta split some hairs today..and this is supposed to be your LUCKY DAY!
You are assuming that the 1 for ten will result in SP rising accordingly...But that is up to the market..as represented by the MMs.
No assurance that any of it will happen..although I can tell by the tenor of your post that you do believe that the JUDGE will approve the PLAN..
We shall see. HASTA MANANA...
Four more filings gotten today courtesy ARLOCO...
ARGUING against MPs claim that he had SECURED notes..and a general argument against MP period.
JB statement in support of his OWN plan...however no mention of WOLFEs claim against HIM personally re the 7.
CLOSER predicted that the SP would go to a quarter..now you ae capping it at 20 cents??
Not much doubt that the SP will go up if the JUDGE says OK to the plan..it probably will gap up..LED BY GEMINI..they have boo coo shares...they won't short it until they beliesve the run has faded and pointed down..They call that a P&D...and GEMINI has contractural permission to run P&D or anydamn thing else they wanta do.
If the US laws are an impediment, they can trade in the CAYMENS or some other foreign market.
LOL..it is quite impossible to defame CDEX..it has made its own REP.
CISCO "predicted" months ahead of the appt of JB just how it was gonna go down. And that is how it went. He says that he was using inside info when he did that "predicting"..which means that it was pre-planned that way..and leaked to CISCO..
The new BOD was old pals of MP..not of JB..from all the way back to the LOCH days. EXCEPT for the "GENERAL"..
JB gave MP the excuse he needed to fire GRIFFIN..by offrering the loan shark loan..MP concocted the story about how GRIFFIN DID NOT WANTA MOVE WEST..lol!! THAT WAS planned TOO..MP helped GRIFFIN save face by "hiring" him as a "CONSULTANT"..Just as he did WADE when he fired him..
SOOO sell your story somewhere else..
I will grant that MP allowed JB to select the GENERAL..who has proven, along with the other members, to be totally worthless to CDEX..a TOUT named RAIDER by alias wanted a homebody on the board..so JB was allowed to select the GENERAL..as a favor to Raider..but even that backfired pretty quick..Raider quit TOUTING..LOL!!
LOL!! Good story..but JB "took over" and is trying to make silk purses offa MPs ugliest SOWs ears..the FAILED VALIMED.
EVEN MP saw that the VALIMED is a lost cause..so he pushed the MYTH GUN really hard up until he hauled ass back to NC. That did not work, either..so off he went after seeing that JB finally got the hot seat.
JB wanted the VALIMED to push..so he took the guts outa a Valimed, tossed them into tin box about the size of a freezer chest...and LO AND BEHOLD..the IG4!!!!!
NOW THEN..he had his vehicle..all that was left to do was take MPs lies and add some even more outrageous lies to them...and maybe get a sure big seller. After all didn't he pull a coup and get GOOD OLE JIM on the BOD??
MAYBE he did not know that a product built on BOOLSHEET will never sell into a knowledgeable market like pharmacies..or he did know and hoped to emulate his hero and mentor, MP, and sell instead PPSHARES AND Convertible loans...
WHICH DO YOU THINK..PENNSTREET?? LOL!!
What if the NEVADA SOS decides to revoke the CEXI/CDEX charter?? NULLIFY all the shares?? Dunno if they can do that...but wouldn't be sumpin???
Right again..twice in ONE DAY!! Tomorrow, I am reliably informed..IS FRIDAY!!
Will the court speak..or will they take a moment to consider options?? Nobody has given the court any real other options to consider. No counter plans..just a wee bit of hair-splitting on the submittted plan..for the sake of form, nae doot..so far as I know.
Wolfe wants to get whatever JB gets, MALC wants a minor change, in his favor, of course..having taken the usually dumb decision of representing himself..thus hiring a fool for a Lawyer..but saving a spot of money..
So..so far as I can tell, the JUDGE can choose to do the 7 thing, or approve the PLAN..perhaps with a modification or two..or schedule more hearings..or whatever he likes, within the law.
The time is near, the WALRUS said..to speak of various COURTLY things..but it can all wait until tomorrow..but what of the three creditors that did not vote?? And the 11 TRUSTEE, and the SEC, and the DOJ and Nevada SOS?? ETC..perhaps the story has just begun??
Not nice to talk that nonsense...gee whizz...
MP signed that phony stock cert for JB. Giving him his argument against WOLF..now you talk about him like that!! SHAMEFUL!! LOL!!
But you are right..JB got no money from CDEX..GOT SHARES INSTEAD...Gave him his claim to fame as the CHAMP SHARE HOLDER..for a time.
I like your style. Hows about sticking around??
CDEX needs more smart people like you making comments re the company..
MP fired GRIFFIN, came back and appointed some feller whose name I forget as "CEO"..took over the money raising with some success for awhile but then made the PIPE loan with GEMINI..putting everything in an impossible position .. Deferring salaries..laying off people. At the same time, running BOOLSHEET PRs praising MYTH GUN and announcing improvements to VALIMED.
Made a few PP sales and hocked all of the treasury shares with convertible loans... Then moved his skinny ass back east.. leaving the CEO duties to another chap ...and finally here comes JB. PICKING up dry bones and selling ONCOLOGY distributership to
RS and them..which really amounted to more baling wire...Got more shares authorized.. converted as many existing loans as he had shares to cover first..and finally...here we are in CHAP 11.seeking more baling wire.
Asking the court to allow him to borrow more from RS and them..(NO WONDER RS IS CALLED AN ANGEL) convert all existing loans fo shares through the BK court..provided the court will allow it..tossing a pully bone to existing shareholders in the form of 1 for every 10..
WHAT A GREAT COMPANY!!!!!!!!!!!!!!!WHAT A GREAT CEO!!!! GO CDEX!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
CDEX really died on that day that GRIFFIN made a plea for more PP buyers to buy more...and then made a loan shark deal with JB to borrow money at 33 percent. He could not sell a VALIMED..and w/o super-salesman MP could not sell PP shares.
Hanging on with everything tied together with baling wire..CDEX was kept barely alive when they should have just let it go.