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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Yer right the volume is up!!!!!!~ the PPS even got up to ALMOST 2 cents!!!!!!!
Two more things from the court today..thanks again to ARLOCO...
June operating report...pitiful!!
Certificate of mailing of hearings, etc. Yep, they mailed off all the stuff to a long list of people.
Consider if you will...what does it mean to be a SECURED investor in CDEX??
It simply means that the company has pledged its all in exchange for the loan. All of the shares and other assets owned by the company. And the company has asked the court to allow a MAJOR increase in company shares. Fail to pay back the loan and the Secured investor can foreclose.
For the amount of money that would allow the company to operate only a few months. While they launch a "new generaton" of VALIMED. VALIMED in all previous generations has NEVER sold nearly enough to even begin to pay operating expenses, much less make a true profit.
Should the present and potential shareholders care who owns the company?? Hell, I dunno. Ask them. They have no vote in the matter. Their TRUE LONG forum is silent.
CDEX has at least hinted to the court that the reason for the failure of the VALIMED is that MP would not allow WADE and them to do the necessary things to increase the demand for the Valimed system. That the new management has fixed all that and that the new VALIMED will sell like hotcakes..be in demand at each and every hospital pharmacy in the known universe, or at least the world. And by Cracky, did all that in a a trice after taking over from the previous management. With WADE only working part time.
Others have a chance to tell why they are opposed, or to vote to accept the CDEX fairy tale. Or even come out with a different plan. CDEX has used up their exclusive right to do that and solicit votes in favor.
The status quo is that CDEX is broke and worthless. They want more money to try and operate some more. Will the unsecured people vote to allow that?? With nothing to lose, they might.
We can only wait and see.
YEP...SCAMS..RS STREETY ADMITTED IT. Even talked of previous CEOS in very harsh terms. Now though, that pillar of unblighted Virtue...JAYBEE...pure as the Virgin of Guadalupe or the driven snow, has taken over. Times they are NOW different...according to our STREETY RS KIDINSIGHT ETC ETC.
SURE THEY ARE!! LOL!! A BKed person who voted shares he no longer owned..PURE?? Who sold RS and friends a distributership that does not exist to get around laws that say a company cannot sell shares they do not have?? LOL!! Then claimed the proceeds of that fraudulent sale as PRODUCT SALES in SEC FILINGS?? Who moved the Company HQ back near MP whom he has accused of trying to take down the Company by refusing to allow the LUBBOCK bunch to be in the position to take over the company as the ONLY SECURED investor?? THAT JAYBEE??? LOL and LOL!!!!
Here is a pretty good synopsis of the history of CDEX..which I saw elsewhere. On the whole, objective and without rancor towards the real people that have over the years supported CDEX by buying shares and PP positions. And by posting things in support of the company..if the word "COMPANY" can be legitimately applied to a long running SCAM.
Some 12 years ago several of us "spitbashers" (tm crowe) began realizing Loch Harris was probably nothing more than a scamster's paradise. Those were the days of "daBeez" (LOCH) and tomscheboy and his buddy Nigel Ramsay and the beginnings of SEC/FBI investigations into loch (and into several other companies led by the same ringmeisters).
Sadly, official investigations into loch went nowhere. That's a pity because a lot of people would have been saved a lot of pain if there had been some follow through. Apparently it wasn't headline-grabbing enough to warrant that kind of attention. So much for the inclination of those agencies to take action against market abuse on a smaller scale than, say, an Enron or Lehman.
I was pretty new to chat rooms back in 1999/2000 -- a lot of people were -- and I originally believed they were places for sharing legitimate information and thoughts. Little did I know they'd already been staked out as the best possible hunting ground for scamsters looking for fresh blood and new money to be hidden away as quickly as possible in offshore accounts, or otherwise used to improve personal lifestyles.
12 or 13 years later and the beat still goes on, following a variety of new leaders and law suits and BKs, a few deaths of principals and investors, and a new company name (CDEX) and a couple (?) of changes of headquarter addresses and I've lost count of how many exciting new products that never quite made either loch or cdex household names.
Today cdex is in BK court and within a couple of months, outside, the company's future should be pretty clear.
Over the years, in addition to all the "misleading" (being generous) PRs and other official paperwork signed by the company, there were other people working behind the scenes to keep the company going, getting new "investors" in. Today some of the same people are still at it, working even harder behind the scenes.
The beat ... and the myth that this is a legitimate, viable company ... goes on. After all, the sacrifice would be very great for some of the visible and trying-to-be-invisible people if cdex just crumpled in a heap and died. So the paper salesmen must keep working, finding new investors who are willing to part with their hard-earned for the opium-like pipe dream.
Today or yesterday I was banned by the board monitor of forum or chat room where I usually post ... banned til Sept 28th! That's some long ban. The monitor (whose name everyone of course knows) really really doesn't want to see me for a long long time. Neither, I suppose, does another former poster who suddenly went totally silent for a while and now is playing good-guy guru games in yet another chat room.
Since the future of cdex is apparently now solely in the Judge's hands, it really doesn't matter what anyone posts anywhere, and I imagine by Sept 28th we'll all have a pretty good idea of what that future will be. Will the same old beat continue or will the company finally rest in pieces?
I'm genuinely sorry for people who've lost money by believing the con wasn't a con, even after Jonathon Weil exposed the company for what it was. On the other hand, I'm glad for those who opened their eyes and didn't continue throwing good money after bad.
Anyways (tm nasfanium), this'll probably be my last post anywhere about this company. But I hope someone finally does write the book. The title could be "Snake Oil Salesmen I've Survived". The companion piece to "Serpent on the Rock".
Looks to be trading again..somebody bought 12K shares and somebody else sold 72K shares.Peak price .019 AND LOW .01..
NO MAS DINERO...
Got this today..thanks to ARLOCO... NO COMMENT re the contents.The JUDGE approved this one.
Eric Slocum Sparks
Arizona State Bar No. 11726
LAW OFFICES OF ERIC SLOCUM SPARKS, P.C.
110 South Church Avenue, #2270
Tucson, Arizona 85701
Telephone (520) 623-8330
Facsimile (520) 623-9157
eric@ericslocumsparkspc.com
Attorney for Debtors
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE DISTRICT OF ARIZONA
In re: ))
CDEX INC., ) Case No. 4:12-bk-02402-JMM
))
Chapter 11
))
ORDER GRANTING
) MOTION TO SHORTEN NOTICE PERIOD
Debtor. ) FOR HEARING ON CONFIRMATION OF
) DEBTOR’S PLAN OF REORGANIZATION
)
____________________________________)
THIS MATTER having come before the Court on CDEX, Inc., Debtor, Debtor-in-possession,
(“Debtor”) Motion to Shorten the Notice Period for Hearing on Confirmation of Debtor’s Plan of
Reorganization and good cause appearing;
IT IS THEREFORE ORDERED that the Debtors Motion for an Order shortening the notice
period for hearing on Confirmation of Debtor’s Plan of Reorganization and to notice the same no later
than July 30, 2012 is hereby GRANTED.
DATED, SIGNED AND ORDERED ABOVE
Dated: July 30, 2012
THIS ORDER IS APPROVED.
James M. Marlar, Chief Bankruptcy Judge
_________________________________
Case
ALSO you may be aware that lying to a federal BK court is taken rather seriously. So far, CDEX has tried the same trick that they always have gotten by with. Disclaiming what they say that is FORWARD LOOKING and depending upon the protection of the "SAFE HARBOR" thing.
Can they get by with that BOOLSHEET in BK court?? Perhaps so, if the creditors vote to approve the Reorg Plan..THEY HAVE NOTHING TO LOSE BY VOTING YES...CDEX is already worthless.
But the COURT/TRUSTEE has power to appoint investigators to probe into the veracity of the dislosure statement and the RE ORG plan. LYING is a criminal offense and the COURT/TRUSTEE can request that the justice Department in the person of the FBI for instance look to verify what is claimed...SAFE HARBOUR OR NO.
We that have had a long experience with this damnscam "knows"
that WHOPPERS are in there. But "we"have no power to even try to prove it. We can only state with certainty that years have gone by with little if any fruitition of previous "plans".
But they have messed with RYLES, which they may come to regret. And there is a certain tendancy for other people to protect their own asses under pressure. This thing could prove to be interesting. LET US WAIT AND SEE.
AS YOU KNOW, NAE DOOT..the present BK is before a FEDERAL BK COURT..
FEDERAL JURISDICTION REQUIRES THAT A US TRUSTEE BE APPOINTED. ONE MAY ASK..what does the US TRUSTEE DO AND WHAT POWERS DOES HE or SHE HAVE. This below tells that story.
1. The United States Trustee ("UST") program was designed to relieve the bankruptcy judges of certain administrative matters. The UST has broad statutory standing in chapter 11 including the right to raise any issue and to be heard on any issue raised by others, 11 U.S.C. § 307, and also have a variety of powers under other provisions of the Code, as well as extensive duties imposed by 28 U.S.C. § 586(a)(3), including appellate standing. In re Columbia Gas Systems Inc., 33 F.3d 294, 296-99 (3d Cir. 1994). Courts have recognized that the UST "serves as the vanguard, especially on those issues that impact upon the integrity of the bankruptcy process." In re National Liquidators, Inc., 171 B.R. 819, 825 (Bankr. S.D. Ohio 1994).
2. USTs are appointed under 28 U.S.C. § 581. They are obligated to report any criminal offenses and assist in any subsequent prosecutions. 18 U.S.C. § 3057; 28 U.S.C. § 586(a)(3)(F). The duties of the UST include (1) monitoring applications for compensation and reimbursement; (2) monitoring plans and disclosure statements in chapter 11 cases; (3) making sure that all reports, schedules, and fees required to be filed by the debtors are in fact filed; (4) monitoring the functioning of creditor's committees; (5) notifying the U.S. Attorney of possible crimes uncovered and cooperating with the U.S. Attorney in subsequent prosecutions; (6) monitoring the progress of bankruptcies and keeping cases moving; and (7) monitoring the employment of professional persons in bankruptcy cases.
This post is re a very prominent member of the CDEX team, a large shareholder and whom has been referred to by the CDEX CEO as Stock Angel..or share angel. He is a SIGNATORY of the ONCOLOGY plan of CEEX. He has been prominent in the affairs of CDEX for over a decade. He is a leader of the Current attempt to provide the only SECURED LOAN to CDEX..and is a participant in adding his money to that loan. He was a BIG supporter of a previous CEO, MP. Whom he now declares that he despises.
I have it from a very reliable source that he has a lot of size on him..sans suet. So I reckon that these with whom he is pist..whomsoever they are..must be quaking a bit. His loyality to EEMPEE may have slipped a bit and he has successfully transferred to JAYBEE and became an ANGEL. CDEX ANGEL.
CRIPES, a bit difficult to swallow, all that. I wonder if his PALS and that gude DOC of the 50 K donation to CDEX over there near the STAKED PLAINS Over there in TEXAS have taken note of that easy transference, and taken some wee steps in self protection?? It has happened before..THE LOCH BOYZ, and the OTRA CEOS have felt the sting of his apparent wrath.
I somehow doubt that EEMPEE is really on his S list. Whomsoever serves his purpose of the moment is his present PAL. But he has been steadfast in his love for CDEX..wherever it took him. So he has doubtless a plan to someday become the biggest frog in the CDEX mud mire. Being a member of ROYALITY by ancestry..he is not apt to accept the role of minion forever. He is known as RS...
I read sumpin on another CDEX Forum The question was..what is a stock Angel?? Here is the rather painful reply..Overworked double negative to be sure..
If I used my defintion of "stock angel", I would look to those investors who have not found reason to not support the company with funding.
Which remeinds me..the PP share holders are gonna have to come up with some more money to go into the CDEX pot if they wish to be one of those that receive distributions from the "NEW" Cdex. That IS in the plan!!!!
If they do that and get into JAYBEEs good graces..then would that make them an ANGEL...or just stupid??
You are right, JOHN..I do not bet. It is a bad habit. This scam is so obvious that there would be no bet anyway.
I last bet in 1950 something. On a football game. I won. But did not feel right about taking the fellows money..which he needed to feed his wife and Kids. So I heve not bet since.
But just what is it you have in mind?? You want to bet that CDEX will get the money and emerge from CHAP 11?? Is that it?? Not me...but somebody might read this and take you up on it.
4 New PDF files today courtesy ARLOCO...
"AMENDED" plan aimed to persuade that the CDEX "HOPES TO, EXPECTS TO, INTENDS, TO WANTS TO.. FORWARD LOOKING CRAP THAT WAS FED TO SHAREHOLDERS FOR YEARS will be accepted and voted for and approved by the court. Nothing new here. But a damn long file that would bore hell out of a bale of hay that tried to read and digest it. The G4 is "nearly" ready, the MYTH guns too. Gonna set up sales orgs and indivudals to sell the stuff that has never sold worth cuss. BLAH AND BLAH. Not even CLOSER nor anyone else once roped into this damn SCAM should beleive any of it. Just MALC TALK..no real details.
CDEX says they are ready to rock and roll and wants to shorten the alloted times..as best as I can tell. Or maybe they want the court to put its foot into the butt of those with intention to oppose the plan. MORE BLAH BLAH BLAH.
ANYHOW, that is my take. COMMENT differently if anyone wishes to.
YALL HAVE THE BEST OF ALL POSIBLE NIGHTS..G'NITE.
Winn Dixie is doing quite well insofar as I have noticed. The stores are
well attended, but not so well as KROGER or PUBLIX.. or even INGALLS.
Except for the updated ones. But even the updated ones closed when faced with a nearby Kroger.
It was really more of a merger than a buy out. The result being both the dog and the tail both becoming private and not having to go to the expense of reporting to the SEC. They did buy out the shareholders too cheaply.
I believe that they will go public again someday maybe with the Winn Dixie name,,the more famous of the two. Or maybe some other name...but I doubt that.
A done deal, I hear. Gotta sue somebody to get a sweetener.
So now we could get new proposals..OR NOT...WHO KNOWS??
I suspect that we will.
The JUDGE denied the request of CDEX to extend the period during which CDEX has the exclusive right to make a proposed plan and solicit votes in favour of it...ERGO, that period expires Aug 8.
Eric Slocum Sparks
Arizona State Bar No. 11726
LAW OFFICES OF ERIC SLOCUM SPARKS, P.C.
110 South Church Avenue #2270
Tucson, Arizona 85701
Telephone (520) 623-8330
Facsimile (520) 623-9157
eric@ericslocumsparkspc.com
Attorney for Debtors
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE DISTRICT OF ARIZONA
In re: ))
CDEX INC, ) Case No. 4:12-bk-02402-JMM
))
Chapter 11
)
Debtor. ) ORDER GRANTING MOTION TO
) EXTEND THE EXCLUSIVITY PERIOD
) DURING WHICH DEBTOR MAY
) SOLICIT ACCEPTANCES OF ITS
____________________________________) PLAN OF REORGANIZATION
This matter having come before the Court on the Debtor’s Motion to Extend the Exclusivity
Period During Which Debtor May Solicit Acceptances of its Plan of Reorganization (“Motion”) and
the Court having found good cause exists to grant the Motion,
IT IS HEREBY ORDERED granting the Motion and that the Debtor shall have up to and
including October 8, 2012 to exclusively solicit acceptances thereof.
IT IS FURTHER ORDERED that Debtor’s counsel shall provide immediate notice of this Order
to all creditors of the Debtor’s estate.
DATED, SIGNED AND ORDERED ABOVE
Dated: July 25, 2012
IT IS HEREBY ADJUDGED and
DECREED this is DENIED.
James M. Marlar, Chief Bankruptcy Judge
_________________________________
Case 4:12-bk-02402-JMM Doc 102 Filed 07/25/12 Entered 07/26/12 09:40:35 Desc
Main Document - Motion to Extend/Limit Exclusivity Period Page 1 of 1
Two new PDFs gotten courtesy ARLOCO re ths Chap 11 B of CDEX today.
One is the operating report which shows the Company ain't hitting on much and the other is the order for the aforementioned hearing on 24 Aug next. Not worth the bother of transcribing into a form that IHUB can use
here.
"AD Hoc" means "for this" or applies only to the case at hand. Such may become "settled law" on appeal. Appellate rulings are often cited by lawyers as the law, or how they wish the "settled law" to apply to their case.
But WHATTHEHECK...I ain't a LAWYER... Iffin I was, I would prolly do the same...
Further reading in GOOGLe reveals that the JUDGE has considerable "AD HOC" powers to consider input from other Agencies.
So I reckon the JUDGE can get pretty much what he wants, including an "INQUIRER" or investigator to go look and see. Which CDEX should resist if they wanta stay in Business. No damn way could the G4 pass a credibility test by a competent investigator..
But as in most law stuff...exact answers are few and may not survive the test of time. Which is how come Lawyers make a living.
http://www.ca9.uscourts.gov/datastore/general/2012/02/09/Amicus%20Brief%20of%20Alejandro-1-19.pdf
Ninth court of appeals re friend of the court briefs in BK proceedings.
A bit murky, to say the least..some say yes, some say maybe, some say not allowed.
Certainly the court recognizes that they would be interested. Which is why he ordered that they get CCed on the filings and rulings.
The TRUSTEE is a party at interest. The others I am not sure about..whether they can do more re the BK than closely observe and then act after the court rules.. other than file the Friend of the court brief..or whether the Judge would even allow such into consideration.
Just not sure... right now.Gonna do some GOOGLES..
Can outside parties that have shown interest enter a recommendation?
PRETTY SURE THAT THE trustee CAN. But what about the SEC and the DOJs??
They can decide to do stuff within their jurisdiction such as prosecute or delist CEXI or the new symbol whatever it is. Or perhaps file an amicus curia (FRIEND OF THE COURT) brief. The Nevada SOS perhaps could refuse registration??
But since I am not sure, I will refrain from voicing an opinion either way.
Also note that GUDE OLE Streety has singled out the CA and the SE coast areas as targets for retribution. I wonder whom it is that he is sooooo pist at that therein dwells??? LOL!! Surely not JAYBEE nor EEMPEE?? Nor do I recall anyone besides those two that had anything to do with running CDEX??
Note that the CDEX atty had asked that the time for CDEX being the only party to propose a reorganization plan be extended well past the current date of AUG 8. I do not think that the Judge agreed.
The "IMPAIRED" ones can do that along with any protests, if they so desire. Note also that the ordinary shareholders are NOT among the ones "IMPAIRED". They get no votes.
Yer right SEA Urchin. The real argument has just begun. Atty Sparks is apparently anxious to get on with it. he has filed stuff earler than he had to...
Which usually means that a Lawyer is nervous about his fee. If the client was loaded, the Lawyer will usually drag it out to assure max billable hours.
Thus the hearing is 24 Aug instead of the previous 28 Aug.
The Judge has accepted the CDEX disclosure filing, and ordered that the hearing is 24 Aug next.
People with objections must file same by 17 August.
The PDF version would not copy for me, but the above is all of the essential info anyway.
Seems nobody else is using that particular trademark..CDEX owns it. Valimed G4...but sweetie, take that and 10 bucks to a fancy coffee shop...and sure enough you can get you a LATTE...or whatever such is called. But me, I drink tea..damn bad habit of mine.
But good to see you here. Keep posting. OK??
One requirement seems to be that the company must be reporting to the SEC with annual and quarterly reports. ERGO, we now know why JAYBEE has been doing his pack of lies on time..or even a bit early.
To take over the MM duty for the Company, the MM must assure that the company is not assetless and the stuff they put out seem true.
Gotta file a form 211 with FINRA..claiming compliance.
Obviously, that system and the pertinent rule ain't working. To damn many SCAMS are out there trading away. I don't think that the SEC is paying enough attention. Needs to toughen up that rule.
CDEX
can avoid all that nonsense by dropping out of the reporting and just go on to the pinks.
I will look up that rule. I just saw one lady trader say that they ain't really delisted..some are still trading.
Our new Friend is not very credible..but was very fast protesting when Ms. SEA and I made sport of his posts..So I gave him the short version of why maybe he ought drive his pigs to another market.
They did that alright!! Scores of them..!! Great find, DEMMO..
Including our very not owned CEXIQ...CDEX
BTW, no need to run your concerns at the RB board. They all read this board anyway...so if one of them has a comment re your unfathomable desire for some MYTH GUNS..one of them will dash over here and start telling you how very marvelous that MYTH GUN IS!!
Watching sports is the better pastime...MaybeNever, Auld Chappie.
There are no sports working at CDEX..only SCAMSTERS...they bear watching..but a dull pastime is doing that..
I have heard that WADE beats a mean drum...or was that Sax?? Seem to have forgotten. He ain't a full timer anymore anyhow. Just drops by to assure JAYBEE that he can make the G4 poot Yankee Doodle if that is what JAYBEE wants it to do.
Never was quite clear as whether that PIZZA parlor traded PIZZAS to WADE and other workers at the LAB for MYTH GUNS... or what. The petty cash box at the LAB was no doubt empty...LOL!!
There was a PIZZA parlor near Tucson that claimed to have some for sale. The owner claimed to moonlight doing clearing of suspected houses..or confirming them as Meth hotspots, as I remember..
Cannot remember the name of that PIZZA parlor...sorry.
Pay your money and get your product..if you can find any for sale. They have no one doing assembly...nor money to pay to get it done.
Does it work? Well it went from a claim of "seeing" METH manufacturing from a block away to Marking off a small area on a wall then wiping that area then aiming the MYTH GUN at the wipe looking for METH residue.
The COP version from seeing meth residue otherwise invisible to the naked eye to enough spilled METH to take to court. In other words from impossible to improbable.
They get false positives from Sudafed to chewing gum wrappers.
Not much in the way of credibility in that post. Actually quite devoid.
Ah weel, CDEX still has a few sneaks out there trying.
SPOT ON!! In the penny game, the honest REAL companies are by far a rare phenomena...by FAR the scam rules.
The savvy trader in pennys KNOWS that he or she has to know when to sell...if they decide to buy. They look for a flip..not a long term investment.
Consider the paid promotors...somebody pays them to promote the stock..now suppose what they do when the pump works...THEY SELL!!
Which is why it is called Pump and Dump..
Thing is, the promotors actually says so ..in the small print disclaimers.
Prolly took Mrs JAY BEE along so she could do the Florida Disneyland..whilst he laid BOOLSHEET on the buyers. The FL Disney thang is FAR bigger than the CA one.
ANYWAY...JAYBEE and his Lawyer first tried the same BS that he has gotten by the CDEX shareholders, PP shareholders and money lenders. The COURT and TRUSTEE, etc, demanded much more detail..
ERGO that long "disclosure" thang that you read and commented upon.This BTW, was due to the court on 25 July..so it came early.
DISSENTERS can have a go at this disclosure thang in AUG starting a bit early.
Violation of the LAWYER code which says take the alloted time and ask the court for more.
I looked up reverse trade shows.
At reverse shows, buyers sit at designated spots, and sellers circulate to the buyers.
Thus CDEX can just go to buyers and pitch the CONCEPT... Hang BOOLSHEET on them w/o having to set up a mock-up exhibit. Maybe hand them a video or a brochure such as JAY BEE showed on the computer here. With Him and Wade telling US what a great thang is the bloody G4. Or the IMAGINARY G4...TM DIDDY or me one.