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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Yeah, I had fergit aboot that!!
They gonns make everbody that has even HEERED about this greatset a sheers richt!!
Nobody has much more to lose here. Whatever was lost, it is long gone.
But last time I looked, the sun was rising every day as usual, and we do have a passel of much smarter people than when it all began...LO those many years ago. LOCH/CDEX has been a harsh teacher.
But in waay too many instances, the cost was far too high.
I do bleeve that his contract ran out with the end of the FY.
Being due a retainer, they failed to renew him in time.
Much like the CEO...CDEX is running outa money, and since the CEO is no longer a large shareholder, He has lost interest and scouting the possibilities back in good ole CAL.
I prefer to bleeve that the gude CAP"N has better sense than to be a buyer and keeper of the shares. Quite a formidable propagandist, he is not apt to fall for the CDEX BOOLSHEET stories himself. He can do WOWs but that is a talent, not a weakness..
He I bleeve is regarding the finale of CDEX with tolerant amusement.
It seems also that the Oil Patch boys have written it off, whatever it was they had planned. But they still have a couple months until the annual report is due. So we have a bit of wait and see yet.
Troo Bloooers have not posted anything in MONTHS...the CAP"N tried some half-hearted attempts to stir them. did not work.
Nobody has posted here in advocacy of CDEX for quite a while, either.
CDEX itself has not made any PR tries..
Not really worth trying to dump because the SP would immediately go sub penny if that happened.
SO, is CDEX really dead??
I say yes.
FAT LADY HAS ALREADY HIT THE HIGH NOTE ON THE ARIA!!!
Since they have sold nothing really but lies and hot air, it should be all taxable. At 100%. But book-keeping being what it is, they have shown a loss every year. ERGO, have paid no corporate income tax.
Credits can be used only to offset taxable profits. No taxable profits no offset.
None paid, none refunded.
EIC and other programs passed by congress and signed by Reagan and other FLAMING Liberal Presidents (LOL!!) does not apply to corporations. CDEX gets no refunds.
LOL!! I missed the sibilant.
I used to refer to JB as EL GORDO.. but since he has been taking the CDEX wages, he had to cut down some on the fine dining experiences.
Now only semi GORDO.
JB might have to move to LUBBOCK where his reputation fits in well.
He ain't the BOCA RATON or SARASOTA type. Well, maybe the PHILLY type, though.
LOL..I better recheck my source(s), then. I hear the PITY PARTY will be held in VEGAS and the MARIACHA BAND will bring along paid lady mourners to beller and yowl and shed real tears. They ALWAYS cry when they hear LOS GOLANDRINAS anyway. (SO DO I)...
Well if that is a REAL IMO then Yall OIL Patchers better look sharp about laying SUMMO money on JB and his merry band of liars.
But since IMOs are notoriously unreliable as predictors... and indeed even as tellin hit lack hit is now... then Pahdon Me iffin I do not bleeve it. Not nary a bit of it. NOSIREE BOB!!!
CDEX gonna be flat well before then!!
That is wha hoppen when one reads a script. BRUM becomes BRUN. Wooden expression. focus on the script, not on delivery. Monotone. Lacks sincerity. Deer caught in the headlights look.
But even so, I bleeve he does better than WADE when WADE goes to read his part.
We saw long ago that the myth gun was using a hairdryer for the case. The pocket one nae doot used that wee external hard drive case. Right outa the junk pile. Or cheap offa EBAY.
Good research, PODNER!!!!
Yep, DW, they had already repeated the same BOOLSHEET many times.
Even the slowest reader here would gather that they need something new to brag about re CDEX or just get quiet about it.
The GEE FOUR had been a "coming along splendidly" for several years now. Any dunce could see that any further boasting about that IMAGINARY DOO-HICKEY would fall on deaf ears. Nobody believing it any more.
They do not have to make any SEC reports until next FEB, so they do not have to say anything more until then. If they last that long..
Fishing is good. Hope it is the same in your ponds.
NO (SOB) Volume today.. !@#$%^&*()_+. Cannot get rich offa a stock unless they is VOLUME!!!!! BILO SELHI will not work sans vOLUME!@#$%^&*()_+...
Did somebody post that cdex is dead?? Reckon so..and dead on.
Hot Diggety DOG!! I better check that EBAY sale!!
20 K bucks will keep them open a good half a day...maybe more!!
But then since there are no SEC reports that would account for that stuff being sold, maybe it is not totally necessary that any such sales be carried on said books. Just depreciation of inventory, no detailed explanations necessary. Much like R&D or Consultations.
Besides, no SEC reports due until FEB anyhoo!!
Yep. There are none, and will not be any next year on Nov 14.
It was a plain old lie from the get to the go. Not unusual. None of the other stuff has worked good enough to sell.
Nobody CDEX is even CLAIMING that they have a GEE FOUR anymore.
In fact, CDEX has gone silent.
NOPE..Volume did not follow up. Back to zero. !@#$%^&*()_.
lOOKS LIKE 40 K SHARES BAILED TODAY ALREADY. So you may be right.
The more selling, the more apt to be a drop in the SP. The earlier birds get the biggest stack of chips.
FAMOUS WORDS STILL APPLY....WATCH THE !@#$%^&*()_VOLUME!!!TM:CLOSER.
Yep, lying is the thing that they do best, if not really well.
Debate with CAP'N over the merits of the "GEE FOUR" was allowing CDEX the possibility of maybe having sumpin, for instance, that would sell. HA!! You know sumpin?? That was a completely imaginary doo hickey with no basis in reality. NONE.
CDEX claimed to have made three of them and shipped one to some unknown destination for use in finding out some imaginary stuff.
I don't believe that they ever made more than ONE, rigged as a DEMO in the usual LOCH/CDEX fashion for DEMOs, with false simulated outcomes or results. The COMPANY has had MUCH PRACTICE in doing false DEMOs.. LEARNT DURING THE WASHINGTON DEMO OF ELF back in 2000...
Being VETERAN LIARS has been the hallmark of the disgraceful history of the COMPANY...from the beginning.
Only ONE TRUTH stands out re LOCH/CDEX...THEY ARE LIARS.
Besides, that matchless BOD need them CDEX shares they are getting paid with. RUMOUR being that they plan to hold a SPECTACULAR PITY PARTY to bemoan the passing of CDEX. I hear that they are even now lining up a caterer from MEXICO, to hold a fiesta and bring a band to play LOS GOLONDRINAS and LA PALOMAS. Sad songs of FAREWELL, those.
So when are the "FUNDERS" AKA OIL PATCH GANG, AKA PEMCO, LLC AKA "signatories", AKA only secured creditors gonna get tired of paying a bunch of CDEX INONITS, AKA LAYABOUTS to do NOTHING but draw a salary, compliments that aforementioned same loaded bunch from around the environs of the oil floated LUBBOCK, TEJAS and chase them away?
ALLOW ME TO GUESS....you are waiting until the holidays and football seasons are over because you don't wanta throw them out to starve and or be bone chilled cold at Christmas!!
SAY, great humanitarians, are YE MERRY GENTLEMEN!!!!!!!!
BUT NOT TO WORRY... Them INONITs are very resourceful and they canna starve sae lang as the desert doon below TOOSAWN is fulla rattlesnakes Jack rabbits Cacti and pack rats. COUNTRY BOYS WILL SURVIVE, ye ken. Besides, the PIZZA PARLOR is right nearby.
Maybe at the swap meet nearby, selling whatever he can that belongs to CDEX? They need the money, but getting a few bucks instead of a HEAP of BUCKs will only postpone the inevitable a few days
Seems likely. As of 31 July, CDEX claims to have about 236K of "inventory" and only 250K of cash.
So the temptation to sell off the "inventory", such as will sell, to augment the fast disappearance of the cash, so they can get paid a little while longer.
But I suspect that a heap of that "inventory" ain't anything but junk. Maybe, though, a left over VALIMED 1 or 2, or even a 3. A myth gun or two, but I doubt that there is any SOLOR/LUNAR pumps, or VAMMPS. Certainly no TULA COWS. No doubt a few pack rats, given the nearby desert. ELF?? NAW. Too long gone.
Somebody could get a leftover VALIMED maybe, and put it into a museum of SCAMS, if there is one anywhere.
So, nobody home in CA?? Gee, I hope the pore feller did not get foreclosed on!! I wooda thunk that CDEX still had a bit of money
tp pay the CEO up until about the new year!!??..........
SUCH a great CEO deserves all he can get, don't he?? Or even WANTS. Being honest as the day is long, and as pure as the driven snow, and alla that!! CHEE, what hoppen?? Yall boys over in the OIL PATCH forget to replenish the runnin money?? SHAME ON YALL!!!
But then, yall did a sight of bragging on MP when he was CEO..LOL!! and then laid MUCHO bad mouth on him after awhile, so it seems natchel that yall would kick pore JB under the bus. to coin a bunch of old sayings.
LOL!! Maybe two bounds if the buildings are high!! LOL.
Trading on penny stocks were halted briefly today. Now the CDEX apologists can claim that if not for that halt, the SP woulda jumped higher than a Basher...or even a Kangaroo.
A Scamster trying to place himself on the side of the angels
is more than somewhat ludicrous and PRIMA FACIE ineffective, in the case of CDEX as it is.
The old claim that BASHERS do not BASH a bad stock is a left handed way of saying that any stock that they bash is ERGO, a good stock. This "argument" is effective only amongst those willing to believe that CDEX is a good stock because they own it.
CDEX is the author of their own downfall by failing to deliver what is promised, and the inevitable result of trying to bluff through with hot air and straight lies.
Trying to rehabilitate an inadequate Company and especially
a laughable CEO with an unenviable history of BK and LOAN SHARKING to the very company that has now claimed him as CEO.
It has not worked, despite the efforts of posters here..nor will it work.
Only SCAMSTERS who are INONIT on the present SCAM can love that SCAM.
Those that have been SCAMMED may have some faint hope that things will eventually work out and let them at least COME CLOSER to letting them at least break even but even the most cursory analysis tells them otherwise.
They have been shamelessly lied to about the IG4, the one remaining DOO-HICKEY being pushed by cdex. The company is about outa money and slap outa credit or anything else that could possibly lead to even faint success. The only thing that CDEX has is a shell that someone MIGHT want to buy and a passel of authorized shares that won't sell.
That the putative CEO has runoff back to CA does not matter.
That the BOD is fulla splendid fellers does not matter.
No CEO can pull this rabbit outa his hat. THAT is a metaphor, STREETIE in case you do not know. The magic is gone.
Gotta have some couth to be embarrassed.
Ain't seen much sign of couth amongst the INONITs.
Since I am b bit short meself, I am sorta an expert on un-couth. LOL!!
Their best propaganda feller has quit posting again.. evidently just working until the fiscal year expired. Was not effective, so likely no new "contract"?? Vait und see.. (TM:Goebbels).
That feller who was the CEO hath gone off to ca to see if he can find a new way to augment his salary. CDEX is truly dead, yes.
CDEX could drop into the PINKs like LOCH did, and not have to file any SEC filings, can lie as much as they want and hire some professional TOUTs to help market shares, which they can increase as much as they wish. Professional FLIPPERS can help TOUT on the boards, only the uninformed, of which are MANY MANY MANY and still more MANY can buy cheap and keep LONG TERM or forever, whichever comes first..
Although cdex has over 2.7 million shares in the treasury they are doing little, if any good. If anyone was willing to buy them or lend money on them, then they could help finance CDEX in their stated aim to market the IG4.
(Buying shares in the FLOAT does no good. cdex gets no part of that money. It simply moves around in the FLOAT from one shareholder to another, through the MMs.)
But the self generated lack of trust that cdex has imposed upon themselves renders those treasury shares near worthless.
With not much money left, no credit and no trust, how can cdex
market anything?? DAMFINO.
Perhaps the CAP'N or Streetie or someone, or ANYONE can explain it to us?????
It matters NOT who is the CEO nobody can operate in such a manner as to overcome that handicap. The BOD is totally NOT relevant.
SO is cdex dead, or not???
Well good on you!!!
I wish you continued success in your admirable endeavors.
Or EVEN one success other than file on time.
CDEX needs all the help it can get.
Not in the long term plan two or three years ago. The fake ONCOLOGY distributorship signatories out on the STAKED PLAINS OIL PATCH saved CDEX at that time. The "shareholders" (LOL)"VOTED" to increase the shares to 300 million.
(Later did a one for 10 on the outstanding shares, during the BK, which results in some more shares to pay suckers with w/o another "VOTE") LOL!!
The ducks were not lined up, but were in disarray. Had to get rid of some pesky creditors, and finish putting the screws to some very pesky LONGs and PPers. The dang PIPE loan was still a problem. A face here and there had to be saved.
But the fake ONCOLOGY money was not enough. As it ran out and new creditors became scarce as hens teeth, CDEX "decided" they needed a Medical Director and got him off the same OIL patch, for which he that GUDE MEDICO paid 50K. Nae doot to show his good will, right?? LOL. That money was enough to hire some lawyers, and CHAP 11. (ALL HEART that DOc!!!)
The OIL PATCH bunch went and made a loan...making sure it was a SECURED LOAN...and that has kept CDEX alive for nearly a year now along with that sale to KUWAIT. The putative CEO and his INONITs were getting paid. They went on the cheap, pushing an IMAGINARY DOO-HICKEY on social networks and not bothering to do any updates much nor any PRs much. Just filing on time!! WHOOPEE!!
The GUDE OIL PATCH DOC was added to the BOD, bye bye the PESKY GENERAL, who apparently dimly saw that he was into some tom-foolery and wanted out...or when he saw that policing up the grounds were not enough to assure that CDEX had any long term future. And CDEX also added a long time buddy of CDEX to the BOD..GUDE OLE JIM.
Now (SOB) the money is running low again. But there are no creditors nor stockholders to cause much trouble, so the time is getting ripe to do a CHAP 7, and complete the job.
Not very too much of a stretch to suspect that the Oil Patch bunch and JB has a plan. Let JB and his inner circle exhaust the treasury of money by salary and such, then do a Chap 7. The oil patch bunch as the only secured creditors could maybe get the shell for what they already paid in.. then do what they wanta do with it.
All the other creditors and of course the existing shareholders would most likely get zilch.
I don't bet... but if I were a better, I would bet that the above stated suspicion is a near sure thang..
Cdex already has 247 million shares that nobody will buy. The trustee cannot find anyone to buy JBs old shares.
So they are abandoned as worthless... and even "worthless" is a bit over-priced. There are expenses in getting the new ownership registered, if anybody would buy them. And getting the court to approve.
JB already had turned them over to the Trustee, so they are no longer his.
Are they now in a round file?? might as well be...along with the other treasury shares. Unless somebody wants the shell for some reason.
You talking your pretend CEO or the REAL one?? LOL!!!
There will never be success from CDEX regardless of whether MP or JB or RS or whomever is the real CEO. Even the CAP'N...or GUDE OLE JIM.
CDEX has nothing to build on nor money to build it if they did have anything.
BTW, the Trustee has abandoned the shares held in the CHAP 7. I found it on this computer after all.
What does "abandoned" mean in a BK???
http://business-finance-restructuring.weil.com/chapter-7-trustees/drop-it-like-its-hot-abandoning-property-of-the-estate/
Do not have the filing on this computer. But you could be right. ARLOCO would know if she cares to comment.
Come to think about it though, who would buy them??
She likely just cancelled them.
Fortunately for JB/CDEX the chap 11 Judge retired and someone new appointed. Creditors did not move to reopen and claim the money outa the KUWAIT sale. The court lost interest anyway. So it seems that JB and them are safe on that point. All of which moved the inevitable forward a few weeks and JB and SON are still drawing salary. Maybe at least until after DEC 25. CDEX creditors are helping CDEX/INONITs have a merry Christmas.
Such an HONEST CEO has CDEX!!!! How fortunate they are to have such a steller feller for a CEO!!!! My insincere congratulations, CDEX cREDITORS AND SHAREHOLDERS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
The 10 V3 assets sold to KUWAIT. Not included in the asset inventory submitted to the court. But later somehow found and sold. Got a wee bit of money outa them, we are told in the filings. Tried to make it look like CDEX manufactured them in "RECORD TIME". Which was believed by nobody.
The vote to increase the shares is a matter of record. Do you deny that it happened??
How would one know?? One would assume that one can read.
BTW, the CHAP 7 trustee did seize and liquidate JBs shares in CDEX. At least those included in that cert signed by MP. So JB unless he has since gotten some new shares, is no longer a share holder of consequence in CDEX.
Frankly, I doubt that JB is stupid enough to spend any money in getting CDEX shares. Especially since the company has only the IG4 to look at for the future.