I am not doing a lot. I am retired. Doing a bit of share trading and own a bit of real estate.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Guess what?? CDEX filed on time AGAIN!! HOORAY for them.
But such a sad story.
But they did get the (GIGGLE) "LOAN" extended until 30 June.
Had to sell 10 K worth of equipment.
No wonder they could not or at least DID NOT get up the money to renew their website.
http://secgems.com/c/all_sec_filings/0001173738/cdex-inc?page=1
For lotsa CDEX info GOOGLE " MOTTA + CDEX"
The link on the first line is a synopsis of all CDEX filings and is an excellent easy source of CDEX research...
NOTE... Several pages long. The cite above is just the first page.
Yep. Alla them Lawyers fooled JB inta makin up stuff that he dint understand himownseff but sounded right tae him.
He ALLUS had them shareholders in "MINE" when he did stuff.
But then bedang iffin MOTTA din fool him inta signin that "LOAN"
cause his name wuz on it!! And geest what?? Motta is a LAWYER TOO!!!
That was how the IG4 come about. Him and the S.C. held a séance and pulled the Ghost of the Right Reverend Harris, the Founder of
LOCH which then Founded MP and then the SEEDEX or was that CDEX??
The C.S. was merely poking fun at pore ole JB, dint know that he would took it serious like.
Why EVERBODY KNOWS that JB wooten tell nare lie. Honest and troo, is he. Ask Streeties.
Reckon somebody is flustered?? Desperation is said to do that to you.
BTW, all that "jump" in SP and Volume sorta died today.
But as Someone here said, don't matter nohow.
Shares traded on the open market don't do nothing to put no money in the CDEX CEO's hands. Double neggas notwithstanding.
ERGO don't matter none.
Reckon not.
Somebody bought dang nigh 80 bucks wuth of themthere fine CDEX shares terday.. In a football game, that would be a short kickoff outa bounds.
When will CDEX become worthy of legitimate INVESTMENT in a real company and not just a share selling scheme??
I don't see it in their future at all. Too much garbage to try to tote. But I am not a Fortune Teller.
There are many people that I have liked and respected that have lost money on this strange endeavor, CDEX. I would like to see them finally recover something, if there was really any basis for optimism. But I see none.
Yep, that info was out long ago. Streetie is using it to detract attention from the sorry state of affairs at CDEX. No money to market anything even if they had anything to market, next Q report coming up soon and the ANGELS out of a lotta money for Nothing.
Trying to shift blame on MOTTA for the GIFT/LOAN while at the same time trying to praise him for being a gentleman for not foreclosing.... when it was actually the OIL PATCH ANGELS that have decided not to foreclose...YET.. for some reason.
Considerable elation expressed for the recent uptick in volume
while saying that it is the PP players and the said ANGELS that will runup the value of the shares, not the publick traders..LOL!!
Desperation?? Looks like it to me.
http://ih.advfn.com/p.php?pid=nmona&article=64436925
Read the PEMCO LLC statement of ownership Of CDEX shares. .
I do bleeve that the "LOAN" was made by PEMCO and the CEO. NOT MOTTA and the CEO.
The statement of ownership shows that Lawyer MOTTA is NOT listed as OWNER but as MANAGER.
The said statement shows OWNERSHIP in PEMCO is not specified as to the exact persons that make up PEMCO member/ownership.
But as you have often stated, the OIL PATCH ANGELS pay the expenses of CDEX... It is MORE than reasonable to believe that MOTTA was simply carrying out the instructions of the OIL PATCH ANGELS using THEIR MONEY not his own, in making that FAKE LOAN.
PEMCO,LLC is not publically traded, so is not required to reveal ownership. MOTTA clearly states that he is NOT the owner.
YOU have also clearly defended the LOAN in several posts.
Yeah, even if that IG4 worked even as good as the V1, V2, and V3, there would not be enuff market for it to stuff a middlin size desert Jackrabbit. It ain't sellin, nor will it.
Much less let any shareholders get any money back. There are many shareholders holding more than a million shares. Try selling that many shares on the publick market. GLUT in the wink of a eye. Be much harder to keep the SP above a penny.
Could it be that the CEO is plenty smart despite being under-schooled? He has ripped them PEMCO/OILPATCHERS off for more than a few farthings.
But I do note that before they made that last LOAN/GIFT, the PEMCO/OILPATCHER ANGELS made him add some dinero to the pot, and put his name down as a co-lender.
Maybe they do not trust him as much as Streetie is saying.
Ain't it HORRIBLE when SCAMSTERS SCAM themselves??
Alla that dinero gone up in smoke.
DESPERATE?? Gotta think so.
But shoot, they can prolly afford it. CAN'T they??
The best laid plans gone awry.
NO NEW ANGELS BUYING PP SHARES AS WAS EXPECTED. Or maybe just HOPED.
Could it be that the PEMCO/OIL PATCHERS don't want CDEX any more??
Since CDEX recently laid out 12 million shares to hire some new TOUTsters, maybe they think that sumpin good will come outa that?
They have pulled GEMINIs teeth by yanking non-voting shares outa the treasury and giving them to the new TOUTsters, who will likely vote THEIR way.
Or are the PEMCO/OIL PATCHERS got some plans for the CDEX company or shell that they have not yet stated??
Company has no money, no product, no nothing. Either just go outa bidness or go CHAP 7. Or let said OIL patcher foreclose and whatever it is that they plan to happen to happen.
Quien SABE???
REALLY SIMPLE WHAT HAPPENED.
cdex HAD NO MONEY. What did they have?? An IMAGINARY G4.
And a bunch of creditors needing to be paid. Normal result?? BK!
Here come the PEMCO/OIL PATCHERS. Get ridda them dang CREDITORs and Us-uns will furnish yall some operating money. We bleeve that the G4 might work and save us from losing all value offen them piles of CDEX shares we have got. Do a chap 11 if you hafta. You can propose a recovery plan and promise that the G4 will make all prosperous.
So the CEO, who had already hired him a BK lawyer with money furnished by the DOC (50 K) as a retainer went to the crediors and tole them the tale. The Creditors who had already seen that they were not gonna get anything unless CDEX got ahold of some money had nought to lose but MAYBE to gain went along.
Three (who well knew that the G4 was naught more than a pipe dream) said NAW. Pay us off. We got money coming. Bring it on PDQ.
They had good reason not to trust CDEX to market anything. Based on their knowledge of CDEX and the CEO.
Subsequent events have proven them right.
So now CDEX is needing more money. Who are they gonna get it from? I have not noticed that the PEMCO/OIL PATCHERS are rushing in to furnish more money lately. And have allowed their last fake loan to go by w/o foreclosing.
Wonder why that is???
There are 25.36M shares in the float. ERGO plenty of chances for trading. That there is none is obvious.
Today about ten or eleven bucks worth, dumps. The MM bidding a nickel.
The CEO and the Angels set up a fake loan which was really more like a charitable donation, expecting and getting no payback of the "LOAN" although the loan papers looked business-like and tough. Threatening foreclosure if not paid by a certain date now long past.
Loan papers that were clearly, to me, just a failed try at getting suckers to buy PP shares. Or attracting new ordinary investors to buy artificially inflated shares.
"Working in the background" occurs when there is nothing that is good for shareholders working.
That only occurs when there is stuff going on that the company wishes to keep ordinary shareholders in the dark about. Or that the company Management and a select group of co-perps are pursuing their own hidden agendas about.
CDEX with minimal trading and friendly MMs artificially keeping the SP above a penny, to keep CDEX out of the pinks.
That has resulted in CDEX really becoming a private company but with a large number of existing shareholders, unable or unwilling to take the hit that would come if they finally tried to dispose of the shares for which they paid far too much.
The last obstacle, GEMINI, has become toothless because that new ADVISOR with their 12 million shares, swiped out of the treasury, has made GEMINI unable to block anything.
GEMINI has been rendered powerless unless they believe that CDEX is worth the time and trouble to file and pursue legal action to block/reverse that transfer of shares.
Seems rather doubtful to me.
I very much doubt that I will hear and read what I look forward to hearing. But what is obvious to me is that the CDEX treasury has been mis-utilized to further non-related Real Estate businesses.
It would be a headline thing except nearly all CDEX shareholders have lost interest and accepted that it is a share selling scam...and have moved on.
So CDEX is into mining minds?? Not much money in that.
Even if that mining came up with a salable IG4, it will not sell many. Not nearly enough to make CDEX well. No market believable analysis would yield a forecast of enough sales to make CDEX well.
Not even enough to cover the "BURN rate".
Gotta do the knee thing and show sumpin sparkley.
The trading chart appears to be flatlined today. But I do believe that 4 shares were traded.
The twelve million, BTW, does not go on the chart.
The MODUS operando of a certain Florida Gentleman who once penned numerous irrelevant TOUTs re CDEX.
Once that gent lost ALL credibility, he went back to his day job, but left his heritage, which is that said Modus Operando.
But now, someone has to adopt that TOUTing way to maintain the CDEX tradition.
But the close perusal of the efforts is not really required.
CDEX is not helped nor much harmed, either way. Read closely and get inflamed, or skip over and let one or two others gather whatever comfort can be gleaned. Of no consequence, either way.
Just a reminder... Nobody can vote the CDEX treasury shares. They are just lying there until somebody gets title to them.
CDEX can sell them PP. CDEX can use them to pay bills. But they cannot vote them.
One more small detail that may be in the offing.
CDEX just added 12 million shares to the side of the CEO and the PEMCO/ANGELS to outvote GEMINI if and when it comes to a vote on something.
Assuming the new chaps does not decide to throw in with GEMINI instead!! LOL!!
NO!! They would not do that, now would they????
But there seems to be a slight lack of total trust on the part of CDEX towards the new fellows. Else why not just go ahead and pay the whole 12 Million to start with???
BUT in the meantime, no new MONEY to "PERFECT" that perfect IG4
that STREETIS has been bragging on.
Seems that the new "Advisors" to CDEX are primarily interested in Real Estate ventures.
Of course, a lot of the Pemco, OIL patch Angels and the CDEX CEO are also into Real Estate.
Is that a coincident?? Oh but of course!! LOL!!
THAT is not news.
CDEX has been there and done that before. Results, ZERO.
But since it costs CDEX nothing but a pile of useless shares
lying around, why not??
Give it another shot BOYOs!!
Where is the CEO?? Is the CFO now running CDEX?? Such a MOMENTOUS EVENT and the CEO cannot find the time to sign?? That RE bidness must be time consuming!! LOL!!
YEP. The rules of this OTC market is that if the shares fall below a penny for a few days, they off it to the pinks.
No need for any further SEC reports after that happens.
The SEC does not care to hear any further lies in the reports.
But CDEX can then do such stuff as lie like a fallen brick and add on as many shares as they want. Shift focus from PP to market, and run Pump and dumps.
No dadgum aggravating audits.
ERGO, the trustee came up with the "LOAN TO OWN" statement.
Doubting in the extreme that CDEX could convince any bankers to make a loan, that was what the trustee saw was up.
So the Trustee was dead on.
But there is that dang PIPE lender wanting their money in the way.
RS could not convince the PIPER to write off their debt and go away. Not yet, anyway.
NERVOUS ALL AROUND, I would say.
A selfie loan does not require getting past nervous bankers, worried about the bank examiners.
And despite an apparent tough "contract" does not require repayment nor immediate foreclosure when re-payment cannot be done.
People do not often foreclose on themselves.
You are right. Market analysis to determine need was never really done. The PERPS put out a few fairy tales about need and want. Expanding into Europe etc.
But they were just that...fairy tales.
They never sold any of those terrific products to speak of. A passel of Val Ones were returned even though the distributer offered huge discounts.
But they did sell a lot of PPs. And early on a heck of a P&D.
Repeated on a smaller scale later.
The open market for shares gradually just faded away, not to return. Not so far, anyway.
We await the resident "GENIUS" CEO's next move which you said is coming. Reckon we should all load up on shares in anticipation???
LOL. HA. BELLY LAFF. TEE HEE.
The G4 is badly passe. Old story. Been there did that. Tried and failed. Nobody bleeves any more. Only a few largely worthless patents on the table.
As CDEX has stated in their filings, no money to fight off infringement even if somebody built sumpin similar to the G4 and marketed it.
But it would be interesting to see what they come up with to try to revive a dead hoss.
They are probably looking to plug the leak. LOL!
Difficult to imagine that CDEX can make a case for any kind of a comeback except by an expensive promotion by a talented promoter
which is a growing industry on the internet, specializing in sub penny shares.
Sub penny traders can make money, but it is usually over in a week or so, nothing but hot air to sustain the flash.
But CDEX is at a disadvantage because they do not have enough shares on the market to attract the sub-traders, and the current SP, while badly over-priced, is still kept above the sub level by the MMs and a few speculators making pitiful sporadic attempts to generate some volume.
So if they continue trying to promote the G4 they will fail to attract public trading. As STREETIE has said though, they are looking to sell to "qualified" "investers", PP traders, not the open market.
In the unlikely event that someone actually builds and markets thing such as a G4, CDEX probably could not successfully claim patent infringement.
http://www.lw.com/upload/pubContent/_pdf/pub1551_1.pdf
http://en.wikipedia.org/wiki/Inequitable_conduct
One should be careful when submitting information for a patent. A useful patent describes a process and method that actually works and has been proven to work. If patenting an IDEA that one forecasts will work, do not word it as if it has already been proven and in production.
Clearly, the IG4 has not been so proven. The described patent is
claimed as if it has actually been built and perfected. Also, if the claimed thing-a-ma-bob is not available in the marketplace it is of no use.
OOPS... I somehow left a digit off a citation in that post. Here is the real one..
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=75173611
Great Post, DIDDY!!
The last post is a converted document which I did not have the necessary programs to convert to postable on IHUB verbatim. there fore the paragraph numbering got misplaced from the wording.
The objections were over-ruled after the court heard from JB and his Lawyers that CDEX was on the verge of doing great wonders and needed the money to bring it off.. LOL!!
Well it would have taken GREAT WONDERS alright. Which were never forthcoming.
The reader can ignore the numbers.
Here is the Joinder by GEMINI into the trustees objection
to the financing by the ANGELS.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=73588344
The CEO claimed that CDEX was on the verge of great things and in fact had 3 G4s about ready to ship. So the court allowed the disbursements from the loan, and eventually gave up and turned CDEX loose from Court supervision. (DISCHARGE from BK)
Actually I believe the Judge wanted to retire soon and did not wanta pass that pile of BS on to the next judge.
CDEX sold some stuff outa the junk room to Kuwait, and has not sold anything else.
Could be that the ANGELS are leery of GEMINI which is why they
not only have not foreclosed on that loan made during BK, but also made the more recent pseudo loan...GEMINI claims ownership
of nearly 10 percent of CDEX shares..
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=73590553
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=75657713
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=74133052
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=7517361
"Loan to own" came from a motion from the trustee, who obviously saw what was afoot.
The ANGELS were to loan up to 1.5 million to allow CDEX to continue with the CEO as Debtor in possession. (DIP).
Thus would allow CDEX to stay open and avoid chap 7. And leave the ANGELS with dibs.