IT is a SCAM..perpetuated by crooks...NOTHING MORE NEEDS TO BE SAID...

But of course, much more WILL be said!! LOL!!

The answer is simple enough. There were no persons stupid enough to offer CDEX money. Witness the fact that there were no ACTUAL PP sales from that 200 million shares they voted. Had there been anyone willing to invest in a sure and proven loser, then there would have been PP sales. Not even the present PP holders were dumb enough to repeat previous sins against their bank accounts.

ONLY CLOZER admits to wanting to buy more. Who knows if he was really wanting to buy more or was just hoping that others would jump in and start a P&D? He stated confidence in JB, who is CEO and in WREN, who is a distracted member of the BOD. Neither with a recent track record that should inspire confidence. JB has chapter sevens and loan sharking in his BIO, and WREN let the BRAVES miss the play-offs.

There were no offers, ERGO, no concessions.

There were no offers, ERGO, no individuals.

The Chapter 11 was not real. There are no real plans to revive CDEX to sell Imaginary products that have been proven NON-SELLERS for over a decade. It should have been a chapter 7, which I believe it will wind up being.

MP and FIRMBACH were mentioned in the filing to add credence to the non-existant and IMAGINARY fact that The JB and them are new brooms,
out to sweep clean.

Trouble is, JB and and them have no credence. ERGO, nothing to add to.

The latest filing states that there is danger that chapter 11 cannot cover the situation re CDEX.. ( I do not think so either ) and that the court may require that Chap 7 be used instead.

I believe that chap 7 should have been used from the outset.

The filing states that there is escrow money that could be used as operating expenses. HOWEVER that almost surely refers to the BAXA escrow, which they have already filed a petition to the court to return to BAXA.

Sect 341 (a) pertains to CHP 7 or 13, BTW. Debtors are listed as JB and McCommon...No mention of CDEX...or chap 11.

Minute sheet for the section 341 (a) meeting showed That in attendance were JB and McCOMMON with their lawyer, Gemini fund and their Lawyer and Jim RYLES and his lawyer.

NO one else was there except the presiding person for the court...

Firmbach was NOT there, MP was NOT there. Lawyers were Eric Sparks for JB and McCommon , Jeff Sklan for GEMINI and Brian Liard for Jim Ryles.

Call up CLOZER. He claims to be buying. !@#$%^&*()_{{+

Gotta add a Q to to it. CEXIQ. Which does not mean Qute. Means it is on the BB markets sheet leest.

Do not forget that CDEX management are skilled LIARS. Stuff that they claim is far more often than not pure BOOLSHEET. History is against believing anything they say..period. Especially their PRs.

They claim proprietary for everything. Which is their excuse for providing little or no information.

Since the IG4 is really naught more than a valimed...in fact, CDEX calls it the Valimed G4...ASD has a case.

But once the court procedure sorts out what are assets and what are not...the CHAP 11 may be in trouble anyway.

AND if the existing shareholders submit a suit for fraud...not very likely but fully possible if they can get together ... then where is KATIE?? Need the door barred!!!

Look for some creditor of CDEX to file a counter petition saying that CDEX is entitled to the money in the escrow account and that money should be in the CDEX list of assets.

My thanks to ARLOCO and SEA SHELL for that info.

So far not much from the BK...CDEX will give BAXA back the money that they put on escrow way back when.

CDEX is not counting that escrow account as an asset. As I vaguely remember, BAXA put that money in the escrow account as a condition for becoming the sole distributer for VALIMED...which they later gave up in disgust. Never really sold any Valimeds.

Why do that? Well CREDITORS are clamoring for that 200K bucks...that CDEX cannot get from the escrow account..and BAXA needs a court order to get it.

BAXA now is a subsiderary to a big and powerful international company BAXTER..CDEX would not like to wrestle BAXTER for that escrow account.

I dunno. Barb says Wade. I guessed MP..Who you say??

The INONITs can submit a plan (S) to the court...the court may eventually approve one or the other of the plans submitted. We need a good BK lawyer here to help speculate the outcome. We know that GEMINI likely has money, MP likely has money.. JB just had a chap 7 so it appears that he has none. Wade could have some money...who knows??

CDEX itself has no money or other assets to speak of.

Honest shareholders get ZIPPO, NAUGHT, NOTHING, NOT A DAMN THANG!

WHOMEVER wins the the reorganization war (IF ANYONE) gets to issue shares to whomever got the money and damn fool enough to buy any.

Somebody gotta convince the court that they are able to make a viable company outa the dregs.

CDEX has no money, only authorized shares. No inventory of finished goods, unless there are a few VALIMEDS lying about the shop.

Whoever wins the war (MP and/or GEMINI) most likely...can get a symbol, get shares authorized and crank up EDGY and MOON to start BIRDDOGGING.

AMANITA is a parable writer with even more talent than ATXMAN. I broke down what she/he wrote into paragraphs..to clarify it somewhat.In parenthesis is my interpretation as to what is meant by the preceding paragraph...Disclaimer...not garunteed accurate. LOL!!

"While looking back at CDEX farm history from beginning to present there is one on the farm who has known all the farmers, each and ever one. "

(MP?)(who is;)

'The Goose that lays the plastic golden eggs. These golden eggs are shown to investors."

(the GOOSE SAW TO IT)

"The goose is never responsible for any trouble that may come from these eggs. The goose comes and go's if it doesnt get its way. The goose isn't concerned if the golden plastic eggs don't hatch."

(Hell no, ain't HIS fault!!)

"The goose has now laid another golden plastic egg. This egg is so golden plastic that it must be protected from ex farm hands who may want to steal it, so burn down the barn and hide the golden plastic egg in the hands of new farmers in their yet to be built barn."

(LOCH MORPHED TO CDEX but now went BK.)

"Not all the golden plastic eggs have hatched, save one.
The egg hatched but had someone elses chic inside and the chic had to be given back to its rightful owner."

(The PIPE)(OWNED BY GEMINI)

"So. the farmer had to take the food from many others to feed the farmer and the goose. The farmer never gave back the food, hoping that this last egg will hatch and all will be well."

(BUT The PIPE did nothing but pass gas)

"This new egg may however be the same as the last one that hatched. It may have someone else's chic inside and will have to be given back. No matter the goose will go on."

( MP WILL survive) (BUT CDEX WILL FALL).

And the new farmer and barn will be done."

(TUT TUT..poor JB and them!!)

The End

Thanks to ARLOCO for that INFO...

One fellow named JOHN most likely has a doubt or two re GOOD ole JB being an honest upright non scamming pillar of the community, and a fit one to run a public company . Seems he slap forgot to mention to the BK court in CAL that he owes that JOHN a hunnert tousan bucks.

Now that is bad form, JB.

This fellow JOHN had moved off to northern CAL and did not hear about that CHAP 7 that good OLE HONEST hard working JB had filed until one of the other people that JB had bilked wrote or called and told him about it.

It is against the law to slap forget such.. It would seem unlikely to forget a debt of that size. So its gotta be deliberate forgetfulness..

CDEX is nae doot lucky to have SUCH an honest man as JB running the CHAP 11 for them.

LOL!! Posting a PR that is true is he bigger challenge!!

We have seen a right smart of finger pointing here this morning. By scamps that cannot escape blame..and them trying to exonerate a fellow that once loaned CDEX money at 33 percent. And the very scientist that dreamed up products for which there is little market, and who knew that the real purpose of the products was to sell shares. And that the technology was not reliable for the stated purposes.

That same CEO who dreamed up a scheme to sell shares that CDEX no longer had..so he sold a hot air cancer related distributership to signatories.

Then later converted the shares. That same crook who put a VALIMED in a tin ox and called it sumpin brand new..THE G4..LOL!!

For people whose very way of life is to dream up scams to take money off good people in exchange for worthless shares. So some should be praised and escape blame ??? But go ahead and point them fingers, BOYZ...next you will likely be saying iffin it was not for them damn spit BASHERS...!!!

We predicted years ago that when the inevitable end times came for CDEX, that there would be finger pointing galore. That is a right dangerous game...as has been adage-ed... regard the other four fingers on the pointing hand.

Trying to make MP out as the GOAT in chief is also probably at least semi-dangerous. He knows the deep sheet. On EVERYBODY involved. Period.

But in truth, none of that is relevant to the BK. If one wishes to make issues out who got CDEX into the bind, the SEC or other institutions of Justice is the proper Forum. Fraud and etc.

The BK is to look at assets and liabilities, look at possibilities of which competing plans if any to recover is most likely to succeed, Decide who is entitled to the dregs..and distribute those according to law. Or decide if Chapter 11 is even feasible.

There is a priority according to relevant Laws. Unfortunately, shareholders, as owners of the bankrupt, is at the bottom of the list.

Yall don't tell ole Clozer...but the trades he wasa wowing over was nearly all sells...270K sell, 35.5K buy. It would not surprise me if that buyer was CLOZER hisself...got excited and thinkin there was a a rally on.

But I think some of the BOYs that were trying to start a P&D are clearing up their books. The old shareholders are still not ready to take the losses they have...some of them way into the thousands.

They still just wanta wait and see.

I imagine that "we" will learn more as time goes on. As of now, there are too many speculations no way to really know which are right and which wrong.

We do know that Ryles and Gemini have filed papers to enter into the
deliberations, and provide evidence.

If I did call the CDEX number, I would not believe what they tell me.

Best not to totally believe what comes out of CDEX especially from any of the principal management.

RUMOR MONGERS say that MP had a hand in it. But no hard evidence as of yet.

BUT CDEX is doornail dead...and the BK is naught more than JACKELS and Others fighting over the carcass.

The fervent hope was that suckers would fall for the repackaged VALIMED..called the G4 model...and the PP shares would sell.

But no joy. NOBODY WANTS the shares!! TRAGIC!! A sad tale INDEED!! Check the latest post by ARLOCO for a hint as to who it was that "pulled the trigger" as PENNY claims. YEP..it was the once chief ENJINEER...and GEMINI!!!

When JB was (GIGGLE) appointed CEO CDEX had over 40 million shares
of stock in the treasury. This was soon depleted by swapping shares for as much debt as it would cover, then the CDEX management asked for and received an additional 200 milion shares
of "funny money " (TM:AMANITA) to play with.

Right out of the starting box, the "signatories" including MISTER STEWART and his Buddys took most of the few remaining old shares and nearly 10 million of the new.

PENNSTREET is bragging that JB got rid of a buncha debt. A no brainer...all he had to do was find some fools to take worthless "funny money" (LOL)in lieu of money to pay them off.

But he now has a PILE of "funny money" (LOL) nobody wants. CDEX ran outa fools and marks and just plain vanilla suckers.

Possibly right...but surely present management anticipated that BK or abandonment was coming after all the HYPE resulted in NOTHING.

Even in the FILINGS, CDEX warns that if any others demand payment that they will have to go BK. So yes, they were aware. I say that they expected to go BK. When they did.

DID they have a choice?? One always has a choice. They could have simply abandoned ship. Left town. Resigned en masse. PIST on the fire and called in the dogs. Dissolved the BOD.

Cancelled the web site. Left no forwarding addresses. Cut off the phones.

It is done quite often. Let the LANDLORD hold the keys to the "LAB"..

I am not sure of your meaning. Are you saying that AMANITAs posts are more meaningful than is generally known and understood??

Even the CDEX management is not so incompetent that they do not know what bills are coming due!!

AMAISTAs post in this instance is certainly dead on!!

Well he lost some creditors. Maybe his welcome in Cal?? Managed somehow to hang onto his CEXI shares, apparently..

I have not did a Goggle Earth on his present abode.

AMANITA you are very perceptive. I look forward to more of your observations. If my posts seem a bit giddy at times, it is because I have been following this thing for many years, and have come to expect very little from the CDEX management that can be relied upon as the truth.

I DO REALIZE THAT scams ARE SERIOUS.

Maybe for the HONOR of it??? LOL!!

Maybe that 50K gave them time to make the announcement. CDEX has a NEW medical Director!!!!! And guess waht?? He already paid for his appointment!!!

For a bit, I thought that JB was pulling a fast one on his own.

The RATIONALE even fit to a T almost.

But I had violated my own rule. Which is never to believe a damn thing the INONITs say, write or even imply.

You is right DIDDY it is a planned event to get rid of the shareholders. And most noteholders.

SUMBICHES can NEVER be believed IN TOTO...

Now except for the bank account, I would not take the assets as a gift. More trouble than they are worth to go fetch them back east..Probably get stuck with a couple months rent on the LAB before I could get in there and haul it away..

The creditor/liablity count is quite accurate, or should be. McCOMMON has a rep to uphold. His future bean-counter employment is at stake.

The assets?? DIDDY, an uninterested party, has already found some glaring holes.

The most credible one is the 7K in the bank.

A flea market operator poking around the LAB could maybe find a few more hundred dollars worth of junk to sell next weekend. That DEMO IG4 assuming it is kept in the Lab, could maybe bring in 3 or 4 hunnert more.
WADE might buy it if for no other reason, keeping mean-assed probers outa it.

Being generous, one could estimate that there is 50K worth of assets, TOPS. Including the leftover Valimeds that have not been cannabilized for guts to go into the IG4. And the market value of the few patents?? ZERO.

Now will the referee probe very deep into verifying the assets? Who knows. Maybe yes, maybe no.

Could have went 7..and should have. The BK court will decide which notes are secured...not JB.

Asset to liability ratio assures that existing shareholders are screwed.

Asset to liability ratio assures that non-secured note holders are screwed.

BK court will decide whether the said ratio is true. They will decide if the asset count is anything but BS, also. Looks like mostly BS to me.

Terms dictated by GEMINI is more to blame than any creditors. ALL of them want their money. Why blame them?? If the looked at the company with any reality, they saw that their chance of collecting is zero. So why bother...

PIPE lenders are far better informed of the risks that any shareholders.

So most likely will be the only "winners" here.

But after the dust settles, they can "bestow"..