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 apologise for that last post. I was half asleep when I wrote it..
Need to turn in earlier at night sometimes. The computer chair is not a good napping place.
yEP..ALL OF THE inonitS WOULD NEED TRY OUT A FOREIGN
ADDRESS TO SEE IF IT IS FRIENDLY THERE.
PP sales ain't so much luck as skill. Skill at lying, mostly.
Early on, LOCH/CDEX had some highly talented liars..
They published glowing projections that "showed" to the gullible that if they accomplished so much as half of the projected sales of their "products" they would be very wealthy and that PP buyers and other stockholders would become wealthy too..especially those that bought shares and HELD onto them...
It worked very well for awhile, and those that had bought did not want to hear that it was all just a pack of lies. So they held on.
But like most lying schemes..this one finally lost all momentum and is slowly dying. The BK will only hasten the inevitable.
Crow, so who wants to keep this company going?
Those that think that they can find suckers to buy PP shares or loan money on convertible promissory notes would like to see the company get into position to resume that Modus Operandi. JB and RS comes to mind, probably others. Selling shares by one scheme or another has been very successful for the INONITs of LOCHmorphCDEX..
Who would loan them money?
It appears that JB has offers from people, mostly from Lubbock, Tx..where Stewart is. Maybe as much as a little over 260K dollars.
They want to make a secured loan, to take precedence over all the creditors so that they can wind up with the shell.
What will it accomplish if they get money and keep it going?
Actually nothing but pay off some people such as JB and his son
and the CFO, all who have earned salary, not paid. The BOOLSHEET claim is that they can sell some Valimed G4s.
Seems everyone But the Creditors and central INONITs want Chap 7 and get the agony over with. But whatever chance the creditors have of getting anything is LONG gone already. Ditto stockholders. So they would be no better nor worse off with CHAP 7. JB would be unemployed, but has certain skills that he could use to make money. He is NOT making any with CDEX.
Not a pretty sight to see CDEX writheing in agony...let it die would be the merciful thing to do.
Yeah he used to tell me that If I came to plate and he was pitching, he would splat me head open with a duster. I lied right back and told him that I would knock the cowhide offen that ball and send it way downtown.
TB, NIGEL or somebody told him (and others such as ART) when to buy and most importantly, sell. They were valuable shills for the company. Some others, out of luck, sold and made some money back in early 2000.. Stormy, for instance wanted a BOAT worse than he wanted to hold onto the shares.
Don't know fer sure, but I bleeve that RIO may still have all the shares he ever got!! As have many others.
I bleeve that the end is nigh. They got ONLY a few bucks in the Bank to run off of.. The Fellow paying the Lawyers has to see that the wormhole is closing to the black hole. No way back out if he is sucked in.
Only three employees..and one of them a nepotism victim... None getting paid. The NEPOTISM Vic is answering the phone and hanging around.
Neither of the three can put together a IG4 even if all they gotta do is toss in an old Valimed into a tin box.. No money to pay to have it painted.
WADE is settled with and off helping put up a large telescope.
All left is to call the Coroner and report CDEX dead. After the GUDE JUDGE declares Chap 7.
Interesting to see that CLOSER the lone voice crying in the wilderness in favor of CDEX now agrees with the spitbashers on all previous INONITs re LOCH/CDEX. They were ALL CROOKED says he.
JUST like the @#$%^&* SPITBASERS said they are/were..NOPE, he does NOT say that!!
BUT the new "leadership"??
They can sell the unsalable because it is "needed" according to Closer.
Shoot yes, they can!! Gotta get some money outa the Judge is ALL they need!!! LOL!!
FEAR NOT, CLOSER...One day the resta mankind will wake up and prove you are RIGHT...THIS TIME!!! SURE THEY WILL!!!
FER SURE ALREADY...this no incipient COCA COLA nor Microsoft.
Looks a bit too much like a heavily promoted P&D for longterm "investment". Lots of ifs. If they can get money, If they can market more product..ETC. Looking for a flip?? This one could be OK. But it seems that the promotion is already wearing thin...Since I have no Dog in the hunt..you may safely ignore my opinion.. AS YOU WERE!!
Yep.Thanks again. They making mooney hand over feesty.
No salaries.How are they eating?? The JACKRABBITS must be getting nervous. Maybe Rattlesnakes too.
Lawyers lookin at rule 17 fer sure.
Sparks has nae doot learnt. HIZZONER will most likely not allow him to quit. Rule 17 or no. (rule 17...I AIN'T BEEN PAID YET, YER HONOR)
Some expected that when CDEX goes it will go with a bang. I allus figgered it would go with a whimper. No Thunder. Just a fizzle out and the phoenix bird will not arise from the ashes.
When all the INONITs start the write off for losses...the IRS will nae doot tak an intrest too, along with the SEC DOJ, ETC.
Several outright lies and unkept assertations to the court by CDEX Lawyer' et al, can be easily spotted without much strain.
CDEX has no contracts to sell any "machines".
GEMINI knows damn well that there is no potential.
None of the creditors object..well hardly any. One fellow jumped up and stated some doubt re the honesty of the proposed swag to be allowed to CDEX. TUT, TUT Mr Ryles!! Takes one to know one??
Still far more than the shares are worth.
Here is miniutes from Apr 5. Note that a bit more than 30 days of water has passed under the bridge since then. Still no plan.
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.
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Case
Quite a lot of Bigtime and small time selling of CDEX going on.
Does not seem to be any more True Believers.
SMART and SAD. Such dreams...now gone with the wind of all the damn lies.
A minor product buried amongst other products on the side shelves of the drugstore. Promoted like a SUMBICH for awhile. History chart shows the usual Pump and dump pattern.
Those that put up the money for the promotion probably made a good bit. Those that rode the coat-tails up and then SOLD made a bit too. Those that are hanging on...look for it to settle down at about a dime or a nickel..IF it truly is in all the drug-stores as advertised.
One could mourn the obesity in the USA that such products as this one and all the other soda waters out there are helping to generate.
If one wishes to waste the carbon that it would take to do so.
WAY, WAY too late for any of that.
TY COBB and many more coke millionaires testify that COKE is here forever. And still growing.
If I had to come up with a recovery plan for CDEX that the Judge would buy it would take me like forever. There is simply no plan that would work. The Judge could be persuaded to believe some lies, I guess.. But there is the factor that the SEC, Justice dept, USA, Justice Dept Nv, SOS Nv and the BK court in Ca watching.
The Judge is likely to be super hard to persuade. In fact, already proven so. No sense of urgency at all shown by the court. No truthful plan that the Lawyers could come up with could do it.
It turns on the credibility of the G4 and if there are truly any potential sales. It should be clear to even the most naive that there are none.
My Q is why drag around?? But of course, the courthouse is the wrong place to go to get swift action.
Which is why Lawyers charge by the "billable" hour. There ain't any hours that are NOT "billable".
Clearly, nobody involved in this comedy is having fun. Not JB nor any of his henchmen. I doubt that any shareholders are having fun, either. Nope, not even MP is sniggering at the incompetence of JB and his lawyers.
Lawyers can usually get extra time to get something filed under "rule 17" of the court. Rule 17 means I ain't been paid yet.
I suspect that "rule 17" is a controlling factor.
(NOT ALL courts call it rule 17..Some mean-ass judges do not even have a similar rule.)..LOL!!
I see that some fool went and SOLD!! ACTUALLY SOLD!! Nearly a ha'million shares a this grand stock!!!
A truly wise Mon grabbed off 55k k though!! !@#$%^&*!!!!! LOL!!!!
OUTSTANDING!!!
Lots of info you already know...unless new here. I like it!!
Do not fear a virus.
somebody sold 100,000 shares today at a penny and a half per crack. Only about 100 times more than they are worth. Keep this up, and there might
be a run up
on the shares!! LOL!!
I think that it is about time for GOOD OLE WADE to take over CDEX..since RS hath defecated in his messkit by letting the spitbashers whup his butt
on the boards. RS failed to hold the side..and the PPsales never did come back.
Clearly, JB has a bad handicap..His CHAP 7 in cal and his strong ties to MP..It is said, or so someone says, though rather difficult to bleeve, etc, that JB bows every morning towards NC...where abodes MP. JB has no shares...the Cal Trustee now "OWNs" them.
A new CEO de jure is needed.
HIZZONER HAS ACCEPTED THE CREDENTIALS OF THE CALIFORNIA TRUSTEE'S LAWYER.
THAT LAWYER WILL GUARD THE CHAP 7 TRUSTEES INTERESTS IN THE PRESENT CDEX BK.
PROBABLY NOT IN JBs PERCEIVED INTEREST. HE WANTS TO BULLY THE CHAP 11 JUDGE INTO GIVING HIM SOME OPERATING MONEY PDQ.
Wants to beat the rest of the world to marketing the imaginary G4.
Don't fret none JB. Nobody wants to make it or buy it. SALL YERS.
Not much chance at all, John..but heck maybe a half of a half of a half a teeny. So you just hang in there, son. You liable to be able to buy the wee bit of West Palm that you do not already own.
REMEMBER that shares certificate that MP signed for JB?? That is the one that the BK in california is holding in TRUST. Yeah, the same ones that JB VOTED to add 200 million more shares.
ANYBODY give enough of a damn, they could probably get that vote annulled. Screw GUDE OLE RS outa his brand new shares he got for being a SIGNATORY...Contact the NEVADA SOS and/or the NEVADA ATTY GEN.
BAXA hearing finished. BAXA did NOT get their money..the Judge wants it included in the reorg "PLAN" if one ever makes it to daylight..
TRUSTEE Wolfes atty wants in on all stuff..trustee WOLFE holds over 4 million shares of CDEX....SHE HOLDS THE ESTATE IN BK of JB and his wife.
(JB has been claiming those same shares for himself in the filings.)The SOS Nevada might get annoyed at that... but who knows.
It is a bit complex, nae doot. Just one more LYING example for the SEC to look at if they give a flip..
Sometimes a person will get an inspiration and pile up a bunch of shares. When it really turns out badly, they might hang on in hope of better days to come.
ALMOST NEVER HAPPENS WITH A PENNY STOCK...especially a damn SCAM penny stock.
AYE, but probably mostly PAST TENCE..
Yeah...he is one "ANGEL" who is probably weeping, DIDDY. But chances are that he has a plan for every letter in the ALPHABET. He has now sucked his Homebodies and fellow dry hole sellers into the vortex of his circle.
He may not be personally paying the Lawyers and other expenses here...the
chances are that he is engineering it all..
Good old RS has done a many a thang to try to keep this thing alive.
Numerous aliases which seldom fooled anyone for long. Back in the heyday, making a lotta money offa LOCHMORPHCDEX. aLL THE WHILE PRETENDING TO BE A REG'LAR FELLER/MERE SHAREHOLDER lookin out fer everbody. Filing suits mostly to keep Stormy from doing it first..say...where is Mari these days??
Dancing to MPs tune. Still is probably. That ONTHEEDGE alias was named as descriptive...but as it is now slowly being revealed, he has never been on the edge...an INONIT fer sure...from the beginning.
His real loyality has not surprisingly always been to RS.
That last one is merely a Lawyer of the Trustee in the ChaP 7 in cally
presenting his credentials to the Arizona BK Judge.
The BK is in the doldrums right now. Probably everyone wishing they could just forget the whole damn thang...
One must admit though that the fellow that they hired to paint that metal box did a good job. They still owe him, though!!
But keep in mind that the BK Court will try to find a way to go the reorganization route so as to protect the interests of ALL creditors and the shareholders.
As it stands, there is very little in the way of assets to allow creditors to recover anything. Just an Imaginary device for which there has been no sales in the past. Just take a Valimed and slap it into a new sheet metal package.
NO BUENO!!!
True. But the Judge is not stupid. Or if he is, he has shown no sign of it yet.
We have not seen a reorg package yet. Just JB tryng to stampede the Judge into a summary agreement to allow the Loans.
Once the reorg plan, if ever, is presented to the court..then the creditors get a chance to object..or present their own plan, if any. This thang ain't nigh over yet.
The longer it runs, the less chance that CDEX has to obtain a favourable agreement. The more apt they are to pee on the fire and call in the dogs.
Sumbich is lying, of course!! He has no orders nor potential orders for the IG4..
MP DID SIGN THAT FALSE STOCK CERTIFICATE FOR JB..Why would he do that???
There is simply nothing factual to give credence to the insistence by some that JB's and MP's interests are aligned; that they planned this latest scenario; or that JB would give that a-hole MP the time of day.
Well put, Sea Urchin!!
NANCY WOLFE, who is the TRUSTEE of the Bankrupt estate of JB and his wife
in California has requested copies of all documents re the current Chap 11 in Arizona.
What does this mean?? JB, if he has not deliberately concealed assets
can be finally released from all of his personal debts in California through Chap 7. The TRUSTEE wants to know if that concealment has happened, or if sufficient cause to believe that it has happened comes out in the present BK case. Could mean yet more trouble for PORE OLE JB!!
Swearing to obvious lies in court is serious business...
Ah weel, uneasy sets the crown upon the head of the ruler..(CEO).
In the meanwhile, what is GUDE OLE Wade doing?? Unless he is inclined to working PRO BONO on that Imaginary G4 down in the LAB..CDEX has no money to pay him. I suspect that he is devoting his time to telescopes.
Nobody with a lick of sense SHOULD bleeve a dang thang that the CDEX officials, including the BOD, says. (Well maybe the General, he is way too dense to lie)...He was really appointed by Raider..CDEX felt that they owed RAIDER Sumpin..so they took his homebody as a member of the BOD.. knowing that he would not see anything but rainbows.
It was a tough job over in Tiawan..ELF really did do a great job finding the empty holes...although I betcha the fellow toting the ELF was more nervous than a long tailed cat in a rocking chair convention.
The empty shell case was in plain sight. The clearance contractor let them claim it...after all, it was pretty and brassy..and harmless.
Atty Gen of the state of nevada...the US Justice Dept.. My stars and body!! The SEC in Cal and Washington DC....
If i was an INONIT...I do bleeve that I would scout me out a route to MESSICO...and seeing if there are officials just across the border that I could bribe.
THE LOCH INONITs hauled ass to Tiawan when the heat got bad..right after the Washington Demo.
Where they demoed that ELF could look in the holes where the land mines once were and see if any bad stuff was left behind. I do bleeve they did find a shell case or two. Unarmed.