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domen, you are right in that quote from the filing, but my answer was based on the previous quote where the OTC.BB was not mentioned.
domen, you are right by citing that part of the filing. My question was based on what you were quoting before, where no hint of a trading exchange is mentioned.
lochnroll, I took the $.75 as reference based on the only factual and fixed valuation the company has disclosed in it's SB-2 filing. The price on the Grey Market varies on a daily basis and cannot be taken as opening price for the stock if and when it starts trading on the OTC.BB. CDEX will have to set an opening price based on what it considers the fair market value of its stock. I guess a little educational reading would help you get the idea. But then, you have a preconceived opinion about what I would say, so even if I state that the sky is blue, you will find your way to say the contrary and accuse me of lying.
Viking65, that's your opinion. State it as such.
Viking65, where does it say that?
Viking65, where do you get that idea from?
SEC Complaint Center,
450 Fifth Street, NW,
Washington, D.C. 20549-0213.
December 9, 2004
Re: CDEX-Inc
Dear Sirs,
On February 2, 2004, CDEX has filed a Form SB-2 with the Securities and Exchange Commission, amended on May 5, 2004, June 21, 2004, August 4, 2004, September 20, 2004, October 22, 2004 and November 12, 2004. The filing has been declared effective by the Securities and Exchange Commission on November 29, 2004.
In the Form SB-2, CDEX states, among other things:
"No significant trading market for our common stock currently exists, although it has come to our attention that shares of our common stock have traded to a limited extent on the over-the-counter "gray market" and the pink sheets. The gray market is an unofficial market where shares are traded that are not available for trading on an official stock market or exchange. Brokers enter the gray market when they request a trading symbol from the NASD to effect an unsolicited trade of a specific block of securities on behalf of a client without actually listing the securities on the Pink Sheets. Similarly, a broker can request a trading symbol and listing on the Pink Sheets to effect an unsolicited trade of a specific block of securities on behalf of a client by contacting Pink Sheets LLC. Because these trades are unsolicited, the brokers are able to obtain symbols and initiate quotes without the filing of a Form 211, which would normally be required for listing on the Pink Sheets. The brokers are expected to discontinue trading under the symbol after selling the securities for which it is obtained, but they frequently do not do so. Trading in our shares in this market has occurred without any instigation or involvement of our management, and we do not encourage or sanction it. We did not choose the symbol under which these shares are traded nor do we intend to keep this symbol going forward. Prior to the date of this prospectus, CDEX was not a reporting company, and virtually no public information regarding our business, operations or financial condition was available other than preliminary versions of this prospectus and our registration statement of which this prospectus forms a part. The shares traded in this gray market are not being offered by CDEX or pursuant to any disclosure provided by us. We anticipate that our Class A Common Stock will be traded on the OTC Bulletin Board. We expect that a market maker will apply for quotation on the OTC Bulletin Board on our behalf prior to the effective date of the offering. However, we cannot guarantee that such application will be granted or that a trading market in our common stock will develop."
CDEX acknowledges that shares of its common stock have been traded to a limited extent on the Grey Market and the Pink Sheet. At the same time, CDEX denies any involvement in the choosing of the trading ticker/symbol, and states that it does not intend to keep this trading ticker/symbol going forward. Furthermore, CDEX states that it anticipates its securities to be traded on the OTC Bulletin Board.
On November 29, 2004, the same day the SB-2 filing has been declared effective, six of the Directors of CDEX have filed forms 3 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES. Under Item 3 of the aforementioned forms, “3. Issuer Name and Ticker or Trading Symbol, the Directors state CDEX INC as the Issuer Name and [CEXI.PK] under Ticker or Trading Symbol.
As shown above, there is a clear conflict of official information that may cause unnecessary uncertainty regarding the truthfulness of the information that the Company is releasing to the general public and especially to the potential investors in the Company’s securities.
CDEX must be compelled to clarify the aforementioned issue and resolve the conflicting information that is disclosed to the Securities and Exchange Commission and the general public.
Thank you for your attention to this,
Liviu Morovan
SEC Complaint Center,
450 Fifth Street, NW,
Washington, D.C. 20549-0213.
December 9, 2004
Re: CDEX-Inc
Dear Sirs,
On December 9, 2004, a person posting under the alias name of kidinsight, has disclosed the following on the Raging Bull Loch Long Message Board:
By: kidinsight
09 Dec 2004, 01:31 AM EST Msg. 227029 of 227051
(This msg. is a reply to 227027 by lmorovan.)
Imorovan:
I did my DD Imorovan! And I will state for the record and for the fact, CDEX IS A PUBLIC COMPANY!
kidinsight
If the information this person disclosed is genuine, it raise the question on how and where did he get it. Such a statement is a significant material event in the life of a Company, and such information must be made available in a fair manner to all shareholders and general public by the Company. Selective disclosure of material information, I understand, is a violation of Securities and Exchange Commission rules and regulations, and it may be deemed illegal.
In the past, this person has shown being privy to Company information not available to the general public and shareholders. If the Company is allowing certain information of material significance to leak out, it shows disregard towards the rules and regulations established by the Securities and Exchange Commission, and this practice must stop.
Likewise, a poster under the alias name of Koko11, has made the following statement on November 18, 2004, on the same Message Board:
By: Koko11
18 Nov 2004, 11:30 PM EST Msg. 224730 of 227052
(This msg. is a reply to 224725 by lmorovan.)
Imorovan,
Okay, you missed my point, I knew these events prior to the investors in this company my friend of many years was owner and CEO of.
Now I'll tell you that I've been told by an insider to CDex that we'll be registered on December 15, 2004. The opening price will be $3.00. Gosh....I hope you don't report me. I know if you did, it would be for the best for all the CDex investors, but I just wish you would not let the Sec. know I said this. I mean...I just want to share this info...I didn't mean any harm. Please...Imorovan...I'm begging you to have pity on my poor soul. I know you have a special connection with God, and all, perhaps you might just get off your throne to his right side...and put your hand of forgiveness one me.
Koko11
Evidently, information as such can greatly influence the general investment public and can cause harm.
I trust the Securities and Exchange Commission will look into these irregularities and take proper actions aimed at limiting the spreading of false information, or, of the information is genuine, take proper action against the person/s responsible of leaking material information or practicing selective disclosure of material information.
Thank you
Liviu Morovan
Viking55, why would you remove a post in which I inform shareholders and board members about the two products CDEX has placed in the market?
CDEX products for sale:
http://www.industrialbuyersguide.com/index.cfm?keyword=&id=328138&dowhat=getDetails
CDEX is a listed company under explosives detection sellers
Finally selling products?
http://www.industrialbuyersguide.com/index.cfm?keyword=&id=328138&dowhat=getDetails
CDEX is a listed company under explosives detection sellers
CDEX is a listed company under explosives detection sellers
http://www.industrialbuyersguide.com/index.cfm?keyword=&id=328138&dowhat=getDetails
The share price doesn't seem to reflect a good impression at the Orlando convention.
dubyah
there are 29,019,818 Class A Common shares outstanding, all are free trading, no shares restricted, about 11,000.000 left in the treasury, but all of them, and even more are committed to the severance pay for four of the principals. It seems like CDEX will soon increase the authorized, especially if it plans to work out any deals where shares will be used in liew of cash.
Imported from another board:
Perpetuated scam
Posted by: Himanez on Sunday, November 07, 2004 at 12:17:27 AM
This scam started small, back before the 2000 bubble. They lied and TOUTed their way into a 5+buck per share price, in Feb 2000, a classic pump and dump with extraodinary success, without anything substantial to back up the price. They printed millions of shares, and sold a big pile of them. A pump and dump was repeated with less success about Sept of 2000, getting up to about a buck. which attracted an SEC investigation.
The auditors quit them for lying, the SEC investigated and they were busted to the pinks from the BB. Their "scientist" was found to have no doctorate as claimed. Their device that they claimed would eliminate the threat of landmines forever was demoed by hocus pocus to be almost infallible in detecting unexploded explosives, and even naming the explosives..TNT, etc.
The share price finally drifted back down to a few pennies.
By a series of fradulent transactions, started in 2001, they changed the name of the company from LOCH to CDEX, and even hired a new CEO and BOD.. Their CEO and staff is mostly people that were associates in the LOCH pump and dump scams.
This new company was never registered to trade on any stock market with the SEC and/or the NASD. But they sold a bunch of shares by private placement, and continued the TOUTs and lies.
Most of the proceeds of the PP sales went to pay the salaries of the company CEO and other officers and insiders. Their HQ is in a postal drop in Maryland.
A deeply watered down distribution of CDEX shares in exchange for the outstanding LOCH shares was finally carried out to placate irate LOCH shareholders.
Several months ago they started trading on the gray market, which requires no registration, nor any periodic reports of anything to the SEC. They have no products on the market, but demos of "potential'" products at trade shows continues.
There is much more that could be said about this scam stock, but this abbreviated narrative shoud be sufficient to trigger more investigation by any potential investor.
The Counterfeit Spirits Detection Unit (CSDU) page on the CDEX web site has been withdrawn. A copy of the page can be seen here:
http://www.lmorovan.com/CDEX/cdex.htm
The deception continues:
For over 6 months CDEX has denied any relation with the CEXI trading symbol and the Grey Market, and now there are official Form 3 documents submitted to the SEC stating under "3. Issuer Name and Ticker or Trading Symbol" CDEX INC [CEXI.PK]. How far will the deceit go on?
http://www.sec.gov/cgi-bin/srch-edgar?text=CDEX+Inc&first=1993&last=2004&mode=Simple
A friendly advise to all potential new investors in CDEX or any other company:
Educate yourself. The stock market is full of scams and a fertile ground for scamsters.
Study the fundamentals of the company. Most investors that lose money in the stock market do so because of deficient or partial knowledge of the fundamentals.
Search the past as a reference to present and future performance. Know where the company is coming from.
Learn about the track history of management. Honesty, sincerity, openness, accountability, are not things that you learn, are things that you are born with.
More extensive advice will soon be a
Current and Past information about CDEX Inc, including information that has been withdrawn by the company:
http://www.lmorovan.com/CDEX/cdex.htm
Welcome to my Hub.
preen2222, OK, big shot, I will post it if you publicly and officially commit yourself to sue me. We can find a neutral person that you will send an notarized sworn declaration that you will sue me. If you don't sue me, you will agree to pay me $100,000.00 cash. I will send the same person the e-mail that I sent the pastor.
You're a man of honor and integrity, you take the challenge. Otherwise, you will just show what coward you are.
Rio, you call yourself a true Christian and then use the name of God in vain? I see.
Rio, what's the point of bringing up an issue that has been answered in my previous post. Are you harassing me or something?
Rio, I cannot and will not deny it because is the truth. But one thing is to contact several people for a possible action and another to be accused falsely that I have contacted the congregation of MP's church. I did talk to MP's Pastor over the phone once and also contacted him through e-mail. But that is as far as I ever got. Everything else is pure evil fabrication that will get you nowhere, and yes, speaks volumes of your character and morality.
Rio, I never contacted any member of the congregation, and never suggested him to be removed from the flock. I did speak with his pastor over the phone and sent him an e-mail, expressing my concern for a brother in Christ.
You can distort and twist my words anyway you want, it will not change the real facts.
Rio, I never contacted any member of the congregation, and never suggested him to be removed from the flock. I did speak with his pastor over the phone and sent him an e-mail, expressing my concern for a brother in Christ.
You can distort and twist my words anyway you want, it will not change the real facts.
Current and Past information about CDEX Inc, including information that has been withdrawn by the company:
http://www.lmorovan.com/CDEX/cdex.htm
The deception continues:
for over 6 months CDEX has denied any relation with the CEXI trading symbol and the Grey Market, and now there are official documents submitted to the SEC stating under "3. Issuer Name and Ticker or Trading Symbol" CDEX INC [CEXI.PK]. How far will the deceit go on?
http://access.edgar-online.com/emailAlert.asp?SessionID=NpK7yj_Wr0kREe4&FilingID=3322157&Typ....
http://access.edgar-online.com/emailAlert.asp?SessionID=NpK7yj_Wr0kREe4&FilingID=3322168&Typ....
The deception continues:
for over 6 months CDEX has denied any relation with the CEXI trading symbol and the Grey Market, and now there are official documents submitted to the SEC stating under "3. Issuer Name and Ticker or Trading Symbol" CDEX INC [CEXI.PK]. How far will the deceit go on?
http://access.edgar-online.com/emailAlert.asp?SessionID=NpK7yj_Wr0kREe4&FilingID=3322157&Typ...
http://access.edgar-online.com/emailAlert.asp?SessionID=NpK7yj_Wr0kREe4&FilingID=3322168&Typ...
I feel for the poor shareholders that fall like flies in the glue trap and buy shares based on pure unadulterated hype, only to allow insiders, pp investors and 30 centers to bail out at juicy profits. You should be ashamed of yourself for promoting and participating in the deception.
lochnroll, I feel for the poor shareholders that fall like flies in the glue trap and buy shares based on pure unadulterated hype, only to allow insiders, pp investors and 30 centers to bail out at juicy profits. You should be ashamed of yourself for promoting and participating in the deception.
lochnroll,
From the Amendment No. 6 of the SB-2:
"The Company's purpose in registering the stock on behalf of its existing shareholders is to place these shareholders on an equal footing with those who hold unrestricted shares of the Company's common stock, if and when a trading market develops for the common stock, and to reward them for their loyalty to the Company."
The 2.6+ million shares held by PP investors are now unrestricted common shares, therefore, freely tradable on any exchange.
PS. This amendment has been approved by the SEC.
lochnroll, first of all, welcome to the neighborhood.
Now, The reason for the sb-2 was to register the 2.6+ million shares held by PP investors. Read the last Amendment filed by CDEX. Therefore, those shares can now be freely traded on any exchange CDEX is trading. Since officially CDEX is not public and there is not official market for the shares, they can be traded on the Grey Market that is not regulated by the SEC or the NASD.
Viking65, private placement investors were not able to trade their shares before the SB-2 became effective. As this is no longer the case, they can freely trade their shares on the unregulated Grey Market. Get your facts straight.
Viking65, in case you missed it, the reason for the SB-2 was to register the shares sold to Private Placement investors since the inception of CDEX. The SB-2 is now effective and the Grey Market is trading, so Private Placement investors can now trade their shares.
In case you missed it too, the Grey Market is an unofficial, unregulated market. Everything goes there with impunity.
The registration update page on the CDEX web site has been up all along the process of the SB-2 registration. It clearly stated the steps CDEX is taking in the registration process. Anyone distorting or denying the official stand of the company in this regard, is misleading at best.
Beware of those who will try to do their best to mislead you into believing that the SB-2 was for the benefit of ex Loch shareholders.
REGISTRATION UPDATE
On February 2, 2004, we filed with the Securities and Exchange Commission (SEC) an SB-2 to register 2,632,840 shares of our Class A Common Stock on behalf of certain of our shareholders. CDEX will not receive any proceeds from the sale of shares under the SB-2. We did not include in the SB-2 shares which can be sold under Rule 144 once we become a reporting company or which are already freely tradable by virtue of having been distributed by court order in conjunction with the Loch Harris litigation. We anticipate comments on the SB-2 from the SEC within approximately 30-45 days and plan on responding to those comments as quickly as practicable. If the SEC is satisfied with our responses to comments (which may take several rounds of questions), the filing will be allowed to become effective. If it becomes effective, we intend to complete registration under the Securities Exchange Act of 1934 and do not anticipate CDEX Class A Common Stock will be eligible for trading for four to five months, at the earliest. However, depending on the extent and nature of any comments from the SEC, it could potentially take longer.
http://www.cdex-inc.com/registration.html
Viking65, the price will continue to rise slowly and will eventually pass the $.75 range that will allow the select Private Investors to start bailing out. It is part of the whole script. Now, once the favored shareholders are out with a profit, CDEX will submit the registration to become public and eventually start trading on the OTC.BB, where the rules of supply and demand will set the real value of the stock.
Viking65, get up to speed with what is going on, you sound uninformed, and as such, your opinions are laughable.
Viking65, I have no problem. It seems it is you who has a problem to understand what is going on.