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Capnmike,Y does CDEX need 50 million new shares? Guess who will get the bulk of the 50million new shares. That will be the company that does the financing for CDEX! If Valimed was making money there would be no financing needed.
The venture capital group will get these shares at a discount and will dump them quickly. Try some DD on companies that have taken this path most are history. Research the OTCBB daily list there are years of info to get you started. I will bet you that when CDEX get it’s financing sub penny won’t be far off.
Lowtrader,My main reson to buy and hold is that there will be a payday. The insiders hold a large pile of CEXI and are waiting in line for the ride. Now if CEXI can get past the patent infringement case payday should be quick.
One time I was following a sub penny HLSH and passed it up about 6 times and you know the rest of the story.
Lowtrader, I have some $$ set aside to invest in CEXI when it hits my price range. I am looking for under .30 before years end. Did you notice the insider tradeing and the strange pattern? Then they have this little matter to deal with. http://smallbusiness.yahoo.com/r-article-a-36091-m-61-sc-75-tech_company_denies_patent_infringement-...
Lowtrader, can you give me a complete evaluation on CEXI and what the future holds for this company.
tia
Paige, how would you like a fair and unbiased opinion on CEXI? Just ask lowtrader and he will do the research and post the info on his board.
http://www.investorshub.com/boards/board.asp?board_id=3972
Co. Hopes to Make Gasoline Obsolete
Friday, May 19, 2006 9:58 PM EDT
The Associated Press
By DAVID PITT
ALGONA, Iowa (AP) — While much of the world fumes over escalating fuel prices, a small company in north central Iowa is quietly hoping to make gasoline obsolete as an engine fuel.
Research at the Hydrogen Engine Center Inc. is done in an early 1900s red brick armory at the Kossuth County fairgrounds.
There, a clean six-cylinder engine that looks like it could have been pulled from a Ford pickup has been running for 110 hours, not quite half the 300 hours it must continuously run for certification. The company, led by a retired Ford Motor Co. engineer, hopes to meet Environmental Protection Agency automotive 2007 emission standards.
All 81 parts are original Oxx Power, the brand name the company has given all its engines.
The engine can run on a number of fuels including hydrogen, ethanol, natural gas, propane or digester gas from landfills.
The company, started by Ted Hollinger, 65, is initially focusing on making more efficient, environmentally friendlier engines to replace those used in generators and in forklift trucks, airline ground equipment, irrigation pumps, tractors and buses.
Ford, General Motors and Chrysler have dropped industrial engine production as they've cut costs, leaving what Hollinger said is a ready-made market for his fledgling company.
"Our engine has to bolt in where the old engine went and can't be a thread off," he said. "If you do that and you make improvements in it so that it gets rid of emissions and it's more efficient, then I think people are going to like it."
The company incorporated in Iowa in 2003 and two years later in Canada. It merged with Green Mt. Labs in August 2005 and became a publicly traded company under the name Hydrogen Engine Center Inc.
Hollinger said he insisted that his company have a product to sell from day one instead of starting up as a research and development firm.
The company's products include a six-cylinder engine and a three-cylinder version for small engine applications.
The company has found immediate interest in its hydrogen-powered generators that use five engines.
Brad Van Horn, an engine distributor with Northern Power Productions of Minneapolis, said some orders are already placed for the generators as they approach the production phase.
"The level of excitement is huge," he said.
Van Horn, who sells in Minnesota, North Dakota, South Dakota and Nebraska, said he gets calls daily from companies running irrigation equipment in Nebraska. Airports needing to replace the Ford engines in their baggage handling and other ground service equipment will also be a large market.
The company said American Airlines alone has 9,500 vehicles likely to be converted to alternative fuels over the next decade.
While the engines drive a revenue stream for the company, engineers are working to improve the technology of engines that run on hydrogen and other clean fuels.
Bob Mendlesky, another retired Ford engineer, light ups when he describes the potential for the engines his shop is developing.
He said there are obstacles to making cars powered with hydrogen-fueled internal combustion engines. To carry enough hydrogen, the fuel tank would have to be under extremely high pressure, he said. In addition, tanks made to that specification cost as much as the engine to power the car.
Hydrogen technology is better suited for generator applications and for industrial uses at its current stage of development, he said.
A better solution may be engines that run on ammonia, Hollinger said.
Development of ammonia as a fuel must include ways to improve its combustibility. Ammonia does not readily spark like other fuels, but Hollinger is determined to overcome some of the obstacles.
"I tell people that I'm no dumber now than when I was at Ford Motor Co. If I can invent at Ford, I can invent here," Hollinger said. "I don't think that there's any reason we can't. Will we? I don't know."
Hollinger said he doesn't expect his small company to make major breakthroughs in the automotive propulsion, but he's willing to work with Ford or any other company working on clean fuel technology.
"I hope in the future the automotive people will look at our stuff and incorporate some of our ideas," he said. "Somebody needs to do something now."
———
On the Net: Hydrogen Engine Center: www.hydrogenenginecenter.com
See more stories in this category
Scared, If ASD wins CEXI will be gone. Just another OTCBB stock down the drain.
Until the patent infringement lawsuit is settled expect the share price to decline. Cexi will have to use it's money to fight this case and if it goes against them it's over!
Paige,after the time limit the can sell it or hold the stock till the end of time. Better yet if they aquire a canadian tradeing account short it and replace it at a later date.
INSIDER & FORM 144 HOLDERS*
Individual/Entity Most Recent Trans. Shares Owned as of Trans. Date
DIALS, GEORGE
Director Ownership Statement
29-Nov-04 95,000
29-Nov-04
DIALS, GEORGE E.
Director Proposed Sale
21-Oct-05 Not Reported
KNUBEL, JOHN A.
Director Ownership Statement
29-Nov-04 20,000
29-Nov-04
LIAW, BD
Director Ownership Statement
29-Nov-04 90,000
29-Nov-04
MERGENTHALER, MICHAEL
Vice President Ownership Statement
29-Nov-04 990,305
29-Nov-04
PHILIPS, KITTY C & MALCOLM H.
Proposed Sale
1-Dec-05 Not Reported
PHILIPS, MALCOLM H JR
Director Sale
26-Jan-06 2,184,500
26-Jan-06
PHILLIPS, MALCOLM & KITTY
Chief Executive Officer Proposed Sale
8-Sep-05 Not Reported
RUSSO, DENNIS
Proposed Sale
2-Feb-06 Not Reported
SHRIVER, TIMOTHY D
Director Sale
1-Dec-05 1,251,102
1-Dec-05
SHRIVER, TIMOTHY D.
Vice President Proposed Sale
1-Aug-05 Not Reported
SHRIVER, TIMOTHY SR
Vice President Ownership Statement
29-Nov-04 1,277,658
29-Nov-04
View Transactions for Insiders & Insititutional Holders
ADVERTISEMENT
* Insider roster data is derived solely from the last 24 months of Form 3, Form 4 and Form 144 SEC filings.
MAJOR DIRECT HOLDERS (FORMS 3 & 4)
Holder Shares Reported
PHILIPS, MALCOLM H JR 2,184,500 26-Jan-06
SHRIVER, TIMOTHY SR 1,277,658 29-Nov-04
SHRIVER, TIMOTHY D 1,251,102 1-Dec-05
MERGENTHALER, MICHAEL 990,305 29-Nov-04
DIALS, GEORGE 95,000 29-Nov-04
ADVERTISEMENT
TOP INSTITUTIONAL HOLDERS
Holder Shares % Out Value* Reported
No Top Institutional Holder info Available for CEXI.OB
TOP MUTUAL FUND HOLDERS
Holder Shares % Out Value* Reported
No Top Mutual Fund Holder info Available for CEXI.OB
Imo,No one was was worried about how a company should be ran. Then ratio was 45 to 1 but with all the dulition what's it at now 47 to 1?
Lowtrade,any thoughts on ADLU?
Press Release Source: CDEX Inc.
CDEX and Baxa Sign Distribution Agreement
Thursday November 10, 9:00 am ET
ROCKVILLE, Md.--(BUSINESS WIRE)--Nov. 10, 2005--CDEX Inc. (OTCBB:CEXI - News), developer of the ValiMed(TM) Medication Validation System and other innovative substance detection and verification systems, announces a strategic distribution agreement with Baxa Corporation, a leader in developing systems for preparing, handling, packaging, and administering liquid medications. Baxa will be the exclusive distributor of the CDEX ValiMed System for healthcare organizations in the United States and Canada.
ADVERTISEMENT
The ValiMed System offers clinicians a simple and cost-effective tool to ensure medication safety by verifying that medications are correctly compounded. Its patent-pending technology identifies the medication and strengths to validate compounded doses of high risk medications prior to dispensing. The ValiMed device verifies medications in seconds and provides an added level of safety in the medication dispensing process. The ValiMed System also validates narcotic returns.
"The ValiMed sales required under the Baxa contract, coupled with existing sales and rentals, will solidify the CDEX presence in the medical market and more completely validate our technology for other markets," said Malcolm Philips, CDEX CEO and Chairman. "With Baxa's award-winning customer service and sales teams, we have moved toward that goal in the medical marketplace."
The agreement calls for purchase of a fixed number of ValiMed units by Baxa for two years, as well as goals that must be met in order to maintain the Baxa exclusive distribution rights.
"The ValiMed System fits with Baxa Corporation's mission to offer our customers innovative fluid medication devices that improve operations and increase medication safety. ValiMed is a great addition to our product line," said Greg Baldwin, Baxa Chairman and CEO.
CDEX's mission is to develop innovative technologies that assist in solving real world problems, then work with industry leaders to bring those products to market. For more than 30 years, Baxa Corporation has focused on developing systems and devices that streamline pharmacy operations, enhancing patient safety and improving efficiency.
About Baxa Corporation
Celebrating 30 years of business in 2005, Baxa Corporation is a Denver-based manufacturer of medical devices and systems for preparing, handling, packaging, and administering liquid medications. The company manufactures and markets a wide range of healthcare products for use in hospitals, critical care units and alternative-site pharmacies. Privately held, Baxa Corporation has subsidiaries and offices in Canada, the United Kingdom and Denmark, and distribution partners worldwide. Further information is available at www.baxa.com.
About CDEX Inc.
CDEX Inc. is a technology development company with a current focus on developing and marketing products using chemical detection and validation technologies. At present, CDEX is devoting its resources to two distinct areas: (i) identification of substances of concern (e.g., explosives and illegal drugs); and (ii) validation of substances for anti-counterfeiting, brand protection and quality assurance (e.g., validation of prescription medication; detection of counterfeit or sub-par products for brand protection; and quality assurance inspection of materials). CDEX is headquartered in Rockville, Maryland and has its primary research and development laboratory in Tucson, Arizona. For more information, visit www.cdex-inc.com and www.valimed.com.
Any statements made in this press release which contain information that is not historical are essentially forward-looking. Forward-looking statements can be identified by the use of words such as "expects," "plans," "may," "anticipates," "believes," "should," "intends," "estimates," and other words of similar meaning. These statements are subject to risks and uncertainties that cannot be predicted or quantified and, consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, the ability of the Company to raise capital to finance the development of its chemical detection products, the effectiveness, profitability and the marketability of those products, the ability of the Company to protect its proprietary information, the establishment of an efficient corporate operating structure as the Company grows and, other risks detailed from time-to-time in our filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update any forward-looking statements.
inet,it sounds like you're lobotomy was a failure.
OT Corn is the answer. http://www.plantmanagers.com/KernelBurner.htm
skitahoe, MSA also makes the #1 tic. Stop by you're local fire company and ask about the E5000 tic.
http://www.indigosystems.com/
skitahoe, yes.
Revolutionary tech without FDA approval will not sell very well. It's a lawyers payday in progress. If there is a PR about sales to foreign countries you can bet the SCAM is in play and the only people holding will be the BAG HOLDERS.
Mark,At what price? MP Conveniently left it out of the SEC filing.
MP, conveniently leaves things out in every SEC filing. I just wonder if he has set a date for the annual meeting or did it slipped his memory.
Y did MP leave out the purchase price?
As of the Effective Date, the Registrant shall also grant Mr. Griffin an option to purchase 300,000 shares of the Registrant's Class A Common Stock (the "Stock Option"), 1/3 of which will vest on September 30, 2006, with 1/24th of the balance vesting on the first day of each month (commencing November 1, 2006) for the two years thereafter. Unless otherwise stated in the Registrant's Stock Option Plan, the Stock Options must be exercised within two years of their vesting date. In the event of a change of control in the Registrant (which shall be the sale of more than 50% of the Registrant), all unvested Stock Options shall immediately vest, effective as of the date of such change in control
Do you think Mr.G paid .10 per share?
Pursuant to the Employment Agreement, in consideration for his services, the Registrant shall pay Mr. Griffin an annual salary of $240,000, which, at the Registrant's discretion, may be paid in a combination of cash and shares of the Registrant's Class A Common Stock. Mr. Griffin shall also be eligible for an annual performance bonus, in the sole discretion of the Registrant. The discretionary bonus for the first year will be equal to 25% of Mr. Griffin's base annual salary.
As of the Effective Date, the Registrant shall also grant Mr. Griffin an option to purchase 300,000 shares of the Registrant's Class A Common Stock (the "Stock Option"), 1/3 of which will vest on September 30, 2006, with 1/24th of the balance vesting on the first day of each month (commencing November 1, 2006) for the two years thereafter. Unless otherwise stated in the Registrant's Stock Option Plan, the Stock Options must be exercised within two years of their vesting date. In the event of a change of control in the Registrant (which shall be the sale of more than 50% of the Registrant), all unvested Stock Options shall immediately vest, effective as of the date of such change in control.
The Employment Agreement provides that Mr