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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Here are the BIGGEST owners...from the last annual repoot...
Jeffery K. Brumfield Executive Officer and Director
10,993,468 (2) 14.07%
Gemini Master Fund, Ltd. Investor
10,580,141 (3) 14.21%
PEMCO LLC Investor
9,929,637 (8) 13.57%
Robert W. Stewart..Investor
5,128,723 (9) 7.38%
Ralph D. and Eileen Terrell.. Investor
4,943,249 (10) 7.12%
Jason B. Terrell Director
4,692,165 (4) 6.66%
Stephen A. McCommon Executive Officer
1,339,841 (5) 1.91%
All directors and officers as a group (5 persons)
17,556,114 21.96%
there were 300 million shares auth the last time it was voted on.
there was a 1 for 10 split.. but the bookkeeping is cockeyed.
if THEY WANT VOLume THEY GOTTA GET MORE SHARES AUTHORIZED. Then the flippers would have a chance to Bump up the SP by tOUTing.
Bump the SP way down to like .00001 per pop. Get like a hundred million shares on the outstanding and 75 million on the float.
In order to provide the LLC manager with information needed to file an SEC report, etc, One needs to provide a PP type cert of ownership from CDEX to the manager.
The rules of the LLC agreement apply as to the various contribution, voting powers of the contributers/members, etc. When to terminate, etc, or eg, call in any loans made by the LLC, limiting membership, adding membership.
In the case of CDEX the outstanding shares are mostly restricted save the 25 million owned by the public.
So as soon as PEMCO forecloses, (IF THEY DO) they can wipe out that pesky 25 million by BK if they wish. 7 or 11 will do.
Don't gotta know the rules. All that is needed is to GOOGLE it up.
http://www.sec.gov/divisions/investment/guidance/im-guidance-2013-04.pdf
Since I am not in an investment pool such as an LLC, etc, I have no need of the certs, just as I have no need as a publick trader.
Not true, Buckaroo. Anyone can request and get a cert when they buy shares.
Most don't. Shares are kept in "street name" which eases the process when selling.. One does not have to dig that cert outa a safety box somewhere sign it and present it to the broker.
I would not say. I have traded a lot and never gotten a cert. Could have, but saw no reason.
WHO THEN?? Maybe the president?? POTEET?? The BOD??
Outstanding is nearly 70 million shares. All but a bit more than 25 million stuffed into the mattresses of insiders and the PIPE lender. PEMCO controls a big chunka that 70 million.
The 25 million is held by the publick and is available for trading in case anybody should want any. Or anyone should want to bother to sell any if anybody wanted to buy.
Besides the shares being unattractive because of the Non-performance of the Company and its CEO, and its MUCH less than sterling reputation, it is overpriced even at 2 cents per share.
Actually, it would still be over-priced at deep sub-pennies. One should not wonder at the lack of volume.
WHATEVER the motive for the loan/funding by TEMCO/ANGELS it is voluntary insofar as is apparent. It is their money that they are pouring down that drain.
The manager of PEMCO LLC over in OHIO, and some back in the oil patch, may be selling chances to widows and orphans, etc, to add to the stash of dinero but otherwise the money is coming from accredited people in LUBBOCK and the oil patch.
At any rate it is certain as rain that CDEX will never be successful in selling a product.
One could imagine that PEMCO could be somewhat aggravated with their CDEX CEO. And even contemplate litigation.
But contemplate would likely be about all they could do. They agreed to pay his salary for being CEO.. and to catch up on his back salary.
JB was to bring the G-this and G-that to fruition and do other CEO-ish things. He has done a few things such as making the SEC reports and such, and paying the help and rent on the palatial company HQ and for some "consultations as needed" for Poteet and Coates, etc.
The contract has been fulfilled to the extent possible with the assets available.
So litigation would not likely be successful.
After all, in EVERY SEC REPORT CDEX has warned that they need people to fund operations or they would have to cease operations. Ain't sold enough product to stuff a gnat.
http://www.facebook.com/l.php?u=http%3A%2F%2Fblogmaverick.com%2F2015%2F03%2F04%2Fwhy-this-tech-bubble-is-worse-than-the-tech-bubble-of-2000%2F%3Futm_source%3Dfeedburner%26utm_medium%3Dtwitter%26utm_campaign%3DFeed%253A%2Bblogmaverick%252FtyiP%2B%2528blog%2Bmaverick%2529&h=gAQE4p9wm
ANGELS here are investing in stuff with no liquidity that can give a chance to win big money..or even recover small money.
CDEX is not quite like that. They are a listed company. But with very small liquidity. The buyers of the shares are few and far between. Load up on this sucker and wait forever or until unload in disgust.
In effect, ANGELS/TEMCO own it.
But can they ever sell it?? THAT is what makes them suckers for JB to make money offa..
To win at that game takes patience and ability to tie up money
for awhile.
That could be what is going on with PEMCO/ANGELS and CDEX.
Yep. The PRIMA FACIE winner is JB alone.
What is behind the losers of PEMCO LLC is not very apparent.
But I have recently read that there are many ANGELS throughout the USA that are investing in worthless companies most likely in the hope that they can generate some worth by symbiosis or something..failing that an occaisional P&D.
One fellow that I know of admits that 9 out of 10 of such investments are losers. But the tenth one more than makes up for the other BLAHS or LOSERS. And that is how he makes his living.
Buy a big pile of deep sub pennies and even if the ultimate SP only reaches one or two cents the percentage gain pays off big.
Example accumulate a couple million shares at .0001 and finally sell at .01 or .02.
Since RYLES is not an employee of the real estate company, why would there be any comment about him at all in the context of that real estate company?? Especially consider the timing.
The comment re Ryles was published very recently.
One can only speculate about the motive for that. Since who to blame for it is not known. But I imagine that grounds for very strong suspicions exist. I may even have a suspicion myself.
The production of the Imaginary G4 has not occurred and of course never will occur. The CEO is clearly no longer involved in the business of running CDEX but has shifted his attention to his real estate company. The noise re Ryles is clearly an attempt to bring up non-relevant issues in an attempt to shift attention from the relevant cdex non-performance to the irrelevant.
JB told the judge in the BK court years ago that he had three G4 ready to ship momentarily. Many a moment has passed since then.
So that makes him at the least a liar in court. Before a federal judge. As a plaintiff. Seeking the courts approval for continuing to operate at the cost of harm to all creditors and shareholders. Which is a federal offense.
A legitimate question would be to ask who speaks for CDEX this time when a "PENNSTREET" post appears.
Actually LOCH was not famous for keeping good books. And there were many trades and in those days many traders under whatever name or alias they decided to use.
Maybe half of them were just aware of the SCAM and half of them true believers. Those aware of the SCAM were simply riding the coat-tails of the scam and some were actually making lots of money doing so. Those that bought for a legitimate invest ment for the long term lost all or nearly all of the money invested.
But in the end, all were losers, even those that made money have lost all credibility.
and IN THE MEANTIME.. No announced sales of anything by CDEX and the fake loan from PEMCO and JB is a coming due.
The CEO is over in CAL and the PR people quit him and walked off with the CDEX funds.
Things are not Hunky Dory at CDEX by any stretch of the simple facts.
No banker even including a PIPE fund would risk any money on CDEX.
One must bleeve that either the ANGELS have an expensive hobby in CDEX or must have connections yet undisclosed.
But it does not matter. CDEX has been dead so long that even the backer angels have nothing to boast of except to extol the non-existant virtures of a known crook. And even that in a left-handed way.. He was not this and he did not have that.
That third place has no significance. It was obviously composed at the NIBA by the once and now gone PR company.
Results..zipppooo. Except for a SELFIE.
Reminds me of the many SCAM medical "sure cures" presented in great profusion on the internet in which TESTIMONIALS, also fake, are used instead of scientific research to present the value of the "medicine".
But I reckon that if zero results are considered good enough to generate a SELFIE LOAN, then that is bettern nothing. It does provide a paper trail for gifts to CDEX from the angels, through PEMCO, LLC.
I find it more likely that you are bothered by the surfeit of knowledge re CDEX and its CEO on this board!! And of the ANGELS.
Apparently JB does not even read his own "CEOs Corner". Otherwise, why would his erstwhile and long gone "PR" hirelings name still appear there... and even in his annual report!!
No, it is a fair and apparent conclusion that he has deserted the CDEX ship and returned to CA, where he has a Real Estate bidness.
Yall boys amongst the ANGELS should find a new figurehead to pretend to be the CEO of CDEX.
Market quite active so far today. trouble is, all dumps.
Seems that JB did quit already. Just not formally. Not much to do anyhow.
Got no time for CDEX.. So strike one 'employee' offa the list of CDEX drudges.
But does it matter?? NAW. Ain't anything to do there in that CDEX LAB anyway.
BTW that is not all. I do believe that there is evidence that JB has spent a lotta time out there in CAL doing REAL ESTATE most likely from all of last summer.
I will add that citation on a later post.
Actually JEFFY might be making out just fine...who knows?? But there is a hint ratchere...
http://www.facebook.com/l.php?u=http%3A%2F%2Fwww.estately.com%2Flistings%2Finfo%2F24509-barona-mesa--1&h=VAQHmVEW-
No wonder he ain't been seen lurking around that palatial CDEX diggings in TUCKSON..
It appears that you are right, DEMMO. SELFIE was coined on FACEBOOK, I believe by the youth there.... and it certainly fits
That LOAN, or line of credit.. a new word in our lexicon that has spread around the Globe.. Since That PEMCO LLC if I am correct was made up of the ANGELS, ETC from the oil patch, who were already the only secured lenders and probably surviving owners of CDEX... Makes it a SELFIE fershure.
Quarterly repoot is due 45 days from the end of JAN. If it makes it that far as CDEX.
No bets either way.
I would hate to think that JBs LACKEYS and Suckers AKA ANGELS, ETC. have turned agin him and are gonna shut doon CDEX.
What would the pore feller do iffin they did that?
Pore EL GORDO and his kin!! Why I am sure and certain that he has done his unlevel best to bring CDEX up from the ashes!! Now it is come to THIS??? Gee WHIZZ I hope not!!!!!!LOL!!
http://ih.advfn.com/p.php?pid=nmona&article=64436925
Looks as if PEMCO LLC is dissolved,,, or in the process of doing so.
PEMCO LLC holds well over 9 million shares. Just a tad under 10 percent of the outstanding.
But of course, as stated several times earlier, I bleeve that
the PEMCO LLC shares are pooled from individual owners in the LUBBOCK/ANGEL/OIL PATCH.
What does all this mean re the fake loan to CDEX from PEMCO LLC and JB??
I Reckon the future holds alla that.
Simple concepts such as ELECTROMAGNETIC RADIATION and that it comes in different frequencies and wavelengths, easily understood by even elementary students is all that is involved in the heralded technology claimed by CDEX and its unlamented PAPA LOCH. The idea of resonance may complicate it a bit but it has been well known for well over a century.
Maybe JB can impress by explaining the technology without a QUE board to read from.
Should be able to do that since he is the CEO of a company whose so called technology is based on it.
Or maybe he thinks it really is knowledge esoteric to CDEX and safe from exploitation by others.
Say, I wonder how do you go about consulting on Spectroscopy?? All you gotta do is GOOGLE it and see what it is. Don't cost anything.
Doctor COATES did them no good at the big gathering of Money in Noo YAWK.
To the doubtless consternation of JB and his pet MD from LUBBOCK, they wound up having to make a bargain with themselves... PEMCO being just a band of LACKEYS and ANGELS from that OIL PATCH..
I doubt that the CEO ever even shows up at the LAB. If he did, what could he do??
He has no science background. Neither does his other two employees. His "consultants" cannot do much if anything even if they are truly ever consulted about anything. Which I doubt.
!! Back in those days we could actually have some fun posting. Even whomever had the baton back then amongst the STREETIES showed a bit of humour. Sea Urchin was amongst the living and she had a scorpion stinger.
But CDEX is no longer very humourous. It is rather pathetic and broken. They have a few shekels thanks to PEMCO and the LUBBOCK LIGHTS. But not nearly enough to even begin to market anything of note, even if they did have anything with potential, which they do not.
Seems that the CDEX bunch aka PEMCO LLC JB have ran out of anything to say. Cannot blame them much. Not since their PR firm quit on them and took away their GREAT (LOL) connections with the bankers and big money suckers.. Turned out that those suckers are not sucker enough to bet on a haberdashery/real estate/loanshark
castoff as a CEO that they would back.
BTW, in the annual repoot they forgot to drop the reference to their long gone PR people, who took their money and left town on a giggle fit.
Whatcha think, DIDDY and CISCO?? Will them PEMCO ANGELS ever come galooping to the rescue?? Or find a banker willing to risk the wrath of the examiners by betting their depositors money on a sure loser??
Surely there ortabe somebody amongst the Perps and Suckers willing to speak up for them 3 employees at the wee forlorn CDEX LAB???
True confessions?? Stuff from the annual report that is contrary to previously stated things by CDEX or its minions...But which has been repeatedly states as true by some damn (spit)bashers.
THEY FILED THE ANNUAL, ALTHOUGH WHY IS HARD TO SAY.
Filled with sound but not much fury...Signifying even less than not much.
Hey, didn't MP DEMO that thang a few back to that AR GOVs TROPHY WIFE??
As I recall, she was dutifully impressed. OOH and AHH!! While the GOV looked on indulgently and poor MP was totally in a frenzy of ecstasy and smiles to be near such a fine lookin Woman and actually impressing her!! They made a VIDEO..
But somhow or other they forgot to properly market that thang and not many were sold. That PIZZA Parlor man was sellin some and maybe even some
on EBAY.. cannot recall any real success, though.
It went from being able to detect a METH operation from a city block away to having to mark off a small area on a wall and swiping it with alcohol and cotton and then using the meth detector to find what was there.
The ANNUAL report to the SEC is about due. 90 days after Oct 31, end of last fiscal year. First quarter of the new FY is also concluding on Jan 31. CDEX has 45 days after that for the first Q report.
Clearly, CDEX needs a new idea to imagine up a doo hickey from.
So how about a coulomb counter??
just read where two fellers, Doctors nae doot, of Math, computed PI (2.718......n) out to the 500,000,000,000th place!!!!
Stupendous!!!!!!!!!!!!!!!!!
2010 February 21 Alexander J. Yee
Gotta bleeve that the good Dr. Yee and his helper have a largish tolerance for boredom. Sorta like copying a big dictionary in longhand.
We used to call that number EPSILON and used it to calculate a coulomb. Turned ooot that our calculations yielded 2.718 * 10 to the 18th power electrons. Since 2.718 nae matter how many places you carry it oot to it is still an irrational number, we used irrational methods, and it worked!!!.
But using it, we proved that you cannot start a car with a 12 volt lantern battery. Ain't enough coulombs in a lantern battery.
We by damn COUNTED them. Secret method.
Now for enuff money, as soon as CDEX gets all that money, from selling the IG4, we will sell them that secret method. Mankind deserves to use it, and who better to bring it to them than CDEX? That coulomb counter will save COUNTLESS lives.
DONT get excited YALL. Some of above may be lies. But shoot, we who follow CDEX are weel used tae lies!!
BTW, the money now supposedly being used for the company clearly came from the ANGELS through PEMCO LLC. JB either bullied his way into being named on the loan or was included by the Angels for some other unknown reason.