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Here is the news that was SO HUGE on 4/26/18
Many here focused on a plant limit of 1600 plants in yesterday’s news release, well that’s a start and all good. But what everybody missed was that AGTK had previously been solely a medical mj business model.
AGTK announced on 4/26/18 that the company was now getting into the recreational side of the mj market as well. The potential returns from this crossover could be the catalyst that moves AGTK to recognition. The recreational business aspect is the 900 lb. gorilla that AGTK is now pursuing. AGTK business is now on both sides of the fence, medical & recreational. Which is unique in itself.
AGTK enters the recreational mj sector.
Company CEO adapts to coming law changes and positions AGTK to quickly benefit.
Do some math again.
Roughly 1600 lbs, we’ll go conservative and say $1100 / lb. that gives the licensee a cool 1.7 Illini dollars per harvest. Now the big question mark is, what exactly does agtk charge for their support?
I suspect we’re way above the 5%, but don’t know for certain. At any rate, take your percentage times 1.7 million dollars and there you go. Ya, each harvest the $$$ comes rolling in.
Ya, you’re going to need a really big screened in pool.
1600 plant capacity, up to one pound of harvest from each plant. Doing the math, gives the licensed operator roughly 1600 lbs for marketing. AGTK takes their percentage thru land, equipment & brand licensing. Walla, everyone is making money.
Now continue to grow the operations & continue in other locals and profit begins to multiply. Business growth increases and with it, so does our share price.
$ 50,000 in revenue this quarter.
$ 2,000 in revs from the prior quarter, and virtually nothing from the quarterly before that. AGTK appears headed in the right direction. From a recent PR we know product was shipped for the first time in this current quarter that is still ongoing.
The business model is beginning to produce fruit, ehem, revenues.
Since AGTK is fully reporting, at least we get to see all the skeletons in the closet, unlike some other non reporting tickers out there. Millions of shares in exchange for business operations is dilution sadly enough.
Keep watching for further ramp up of revenues in the coming quarters.
Thanks for posting your work on the nutrition store parent company, being AGTK.
A lot of lurkers like myself read and appreciate the informative post here, you get an “atta boy”.
That interview was very informative and packed full of the companies future plans.
Yup, it’s EZ to spot the new posters that suddenly come out of the wood work trying to tear AGTK down. Likely someone wants in at a better cost basis. Another theory is the shorts wanting to cover at a, you guessed it, a lower cost per share.
It’s nice watching AGTK finish nicely after yesterday’s sell off. Higher highs, and higher lows.
Market cap comparisons, AGTK market cap with other competing companies.
COMPETITORS (AGTK)
Symbol % Chg Market Cap
TRTC -1.239% $226M
MJNE 4.435% $143.4M
SPRWF -0.336% $75.3M
CCAN 13.73% $20.3M
AGTK $18.1M
Hey its nice to see all the new posters here with their various input and words of encouragement. The biggest piece of news we've had is the institutional investor that was announced, providing a much needed cash infusion. AGTK has been laying the ground work to move us forward from the ground up.
Rome wasn't built in a day and this relatively new business of mj in the US will take time to develop and mature, but early investors will see huge returns. AGTK has a legitimate shot at blossoming to something special and very lucrative for each of us.
Have a safe holiday, we'll see you again when they ring the opening bell. Opportunity made fresh, every day.
My apologies to the board, AGTK will be aired in January, date to be announced later.
The show will feature other companies on December 23, 2017
TV scheduled show on FOX Business has been set, and released.
Saturday, December 23 at 3pm.
Exactly stockivity. Although the market did not reward us with a large share price increase today after the PR was released, undoubtably this news was a very significant piece to the puzzle for AGTK to have future success moving forward for the current shareholders.
AGTK summary & history
AGTK : Agritek Holdings Analysis and Research Report
2017-11-25 - by Asif, Contributing Analyst
Corporate History
Agritek Holdings, Inc., was initially incorporated under the laws of the State of Delaware in 1997 under the name Easy Street Online, Inc.
In 1997, the Company changed its name to Frontline Communications Corp. (“Frontline”) and operated as a regional Internet service provider (“ISP”) providing Internet access, web hosting, website design, and related services to residential and small business customers throughout the Northeast United States and, through a network partnership agreement, Internet access to customers nationwide.
On April 3, 2003, the Company acquired Proyecciones y Ventas Organizadas, S.A. de C.V. (“Provo Mexico”) and in December 2003 the Company changed the name to Provo International Inc. (“Provo”).
In 2008, Provo changed its name to Ebenefits Direct, Inc., which, through its wholly-owned subsidiary, L.A. Marketing Plans, LLC, engaged in the business of direct response marketing. The Company’s principal business was to market and sell non-insurance healthcare programs designed to complement medical insurance products and to provide savings for those who cannot afford or qualify for traditional health insurance products.
On October 14, 2008, Ebenefits Direct, Inc. changed its name to Seraph Security, Inc. (“Seraph”).
On April 25, 2009, Seraph acquired Commerce Online Technologies, Inc., a credit and debit card processing company.
On May 20, 2009, Seraph Security, Inc. changed its name to Commerce Online, Inc. to more accurately reflect its core business of merchant processing, and financial services.
As of February 18, 2010, Commerce Online, Inc. changed its name to Cannabis Medical Solutions, Inc. (“CMSI”) as a provider of merchant processing payment technologies for the medical marijuana and wellness sector.
On March 8, 2010, the Company completed the acquisition of 800 Commerce, Inc. (“800 Commerce”) a Florida Corporation incorporated by the Company’s Chief Executive Officer. The company issued 1,000,000 shares of common stock to 800 Commerce for all the issued and outstanding stock of 800 Commerce, Inc.
In June 2010, 31,288,702 shares of common stock were issued as dividend shares (the “dividend”) to all existing shareholders of common stock of record.
On June 14, 2011, Cannabis Medical Solutions, Inc. changed its merchant name to MediSwipe Inc. (“MWIP”) as a result of its focus on the processing and financial services related to medical marijuana business.
On June 26, 2013, the Company formed American Hemp Trading Company, a wholly owned subsidiary.
On June 26, 2013, the Company formed Agritech Innovations, Inc. (“AGTI”), a wholly owned subsidiary. On September 3, 2013, AGTI changed its name to Agritech Venture Holdings, Inc. (“AVH”).
On November 12, 2013, the Board of Directors of the Company approved a 1-for-10 reverse stock split (the “Reverse Stock Split”) and a decrease in the authorized common stock of the Company to 250,000,000. Pursuant to the Reverse Stock Split, each 10 shares of the Company’s common stock automatically converted into one share of Company common stock.
On November 12, 2013, the Financial Industry Regulatory Authority (“FINRA”) approved the Reverse Stock Split with an effective date of December 11, 2013. All the share amounts in this annual report on Form 10-K reflect the Reverse Stock Split.
On April 23, 2014, MWIP changed its name to Agritek Holdings, Inc. (“AGTK”) to more properly reflect the Company’s current business model.
On May 27, 2014, AVH changed its names to Agritek Venture Holdings, Inc. (“AVHI”).
On August 27, 2014, American Hemp Trading Company changed its name to Prohibition Products, Inc. (“PPI”)
On May 23, 2016, the Company filed a certificate of amendment (a “Certificate of Amendment”), increasing the authorized capital of the Company to 1,001,000,000 shares of capital stock; consisting of 1,000,000,000 shares of common stock par value $0.0001 and 1,000,000 shares of preferred stock, par value $0.01. The majority of the Company’s shareholders consented to the Certificate of Amendment increasing the authorized capital.
On November 7, 2016, the Company issued 5,000,000 shares of common stock and completed the stock purchase for the acquisition of Sterling Classic Compassion, LLC. (“Sterling”). The two (2) year old California based non-profit set up to do business specifically for the cannabis sector in California, now a wholly owned subsidiary of the Company. The company has begun the process to seek licensure in California under new recreational legislation set to begin in 2017. The Company named entertainment guru, Russ Regan, a 50 year veteran of the music and film industry, as Sterling's President and Director, as well as to the advisory board of the Company. With over fifty years in the entertainment industry, Mr. Regan has played a major role in the careers of the biggest names in the music industry. Luminaries such as Elton John, Neil Diamond, Barry White, and Olivia Newton-John all credit Regan as a major force behind their success.
On December 1, 2016, the Company signed a Manufacturing Services Agreement with a third party, for the manufacturing and distribution of the Company’s California Premiums brand. The Company will provide packaging and use of the brand name to the manufacturer, licensed in the regulated jurisdiction of California. The manufacturer will distribute the product and pay the Company for the packaging and use of the brand name.
Description of Business
Agritek Holdings and its wholly-owned subsidiaries, MediSwipe, Inc., Prohibition Products Inc., and Agritek Venture Holdings, Inc. provide turnkey support solutions to the legal cannabis industry. The company provide key business services to the legal cannabis sector including:
Funding and Financing Solutions for Agricultural Land and Properties zoned for the regulated Cannabis Industry.
Compliance Consulting and Certification Solutions
Dispensary and Retail Solutions
Commercial Production and Equipment Build Out Solutions
Banking and Payment Processing Solutions
Multichannel Supply Chain Solutions
Branding, Marketing and Sales Solutions of proprietary product lines
Consumer Product Solutions
The Company is expanding throughout California, Colorado and Puerto Rico and presently intends to bring its’ array of services to each new state that legalizes the use of cannabis according to appropriate state and federal laws. The company's primary objective is acquiring commercial properties to be utilized in the commercial marijuana industry as cultivation facilities in compliance with Colorado and additional jurisdictions including California, Nevada and Puerto Rico in accordance with state law. This is an essential aspect of its overall growth strategy because once acquired and re-zoned, the value of such real property is substantially higher than under the previous zoning and use.
Once properties are identified and acquired to be used for purposes related to the commercial marijuana industry as provided for by state law, and the company plan to create vertical channels within that legal jurisdiction including equipment financing, payment processing and marketing of exclusive brands and services to retail dispensaries
Agritek’s business focus is primarily to hold, develop and manage real property. The Company shall also provide oversight on every property that is part of its portfolio. This can include complete architectural design and subsequent build-outs, general support, landscaping, general up-keep, and state of the art security systems. At this time, Agritek does not grow, process, own, handle, transport, or sell marijuana as the Company is organized and directed to operate strictly in accordance with all applicable state and federal laws. As the legal environment changes in Colorado, California and other states, the Company’s management may explore business opportunities that involve ownership interests in dispensaries and growing operations if and when such business opportunities become legally permissible under applicable state and federal laws.
Services and Markets
To date, Agritek Holdings has purchased eighty (80) acres approved for licenses and cultivation in Pueblo, Colorado. Agritek Holdings has also entered a Letter of Intent to purchase an additional thirty-five (35) acre property in Pueblo, Colorado. Agritek Holdings has multiple manufacturing and service contracts in place in areas in the following sectors:
Funding and Financing Solutions
The company's goal is to become the funding and financing service partner of choice in the legal Colorado and California cannabis market before expanding nationwide if and when applicable state and federal laws allow it to do so. The company offer financing and financial aid to cultivators, collectives, dispensaries and product businesses in the legal cannabis industry with alternative funding and financing solutions. In the evolving legal cannabis industry, where traditional banking opportunities are grossly limited, the company step in to provide the “traditional” bank lending services; lines of credit, property financing, and/or commercial loans. Businesses and individuals seeking funding and financing solutions are qualified and scored based on their experience, current operations, financial records, and compliance grades given by its proprietary banking partners and credit lines that comply with all state governance rules.
Agritek Holdings Certification and Compliance Solutions
The company guide its clients through the complex and ever-changing legal landscape regarding the legal cannabis industry. Legal cannabis retail, production, and product manufacturers must comply with all regulations in the highly governed legal cannabis industry, as local and state laws dictate different business requirements. Since complying with applicable laws can be complex, the company help service its clients through each jurisdiction with its team of legal, accounting and technology partners who are experts in areas such as entity selection, internal bookkeeping, government reporting, and inventory and patient records tracking in order to help its clients be compliant.
Commercial Build Out and Dispensary Solutions
The company offer turnkey build-out and commercial services to its clients. Whether it is financial assistance, real estate consulting, operations design, or building construction, its Company can design and rollout customized services for its clients. The company also offer traditional business services to dispensaries as well. These services include infrastructure investment, technology partners, donation accounting, payment processing and succession strategies. It is important to note that Agritek Holdings is not a “one size fits all” organization, but are committed to custom tailored solutions for legal cannabis industry participants.
Finance and Real Estate
Real Estate Leasing
The company's real estate leasing business primarily includes the acquisition and leasing of cultivation space and related facilities to licensed marijuana growers and dispensary owners for their operations. Management anticipates that these facilities will range in size from 5,000 to 50,000 square feet. These facilities will only be leased to tenants that possess the requisite state licenses to operate cultivation facilities. The leases with the tenants will provide certain requirements that permit it to continually evaluate its tenants’ compliance with applicable laws and regulations.
As of the date of this report, the company own one cultivation property that is located in a suburb of Pueblo, Colorado (the “Pueblo West Property”). The property consists of approximately eighty (80) acres of land. The property is currently zoned for cultivating cannabis and is expected to be leased to a medical cannabis cultivator or manufacturer this year. Agritek Holdings is currently evaluating strategic options for this property.
**Shared Office Space, Networking and Event Services **
In January 2017, the company leased two floors located in downtown San Juan, Puerto Rico 00901, which Agritek Holdings has branded as GreenWorkx . The building consists of a 6,056 square feet, which will be converted to serve as unique shared workspace for entrepreneurs, doctors, professionals and others serving the cannabis industry. Clients will be able to lease space to use as offices, meeting rooms, lecture, educational and networking facilities, and individual workstations.
The GreenWorx facility will hold up to 25-30 tenants. Puerto Rico recently has passed favorable medicinal cannabis laws combined with multiple tax incentives for residents and public companies.
The company plan to continue to acquire commercial real estate and lease office space to participants in the cannabis industry. These participants include media, internet, packaging, lighting, cultivation supplies, and financial services. In exchange for certain services that may be provided to these tenants, the company expect to receive rental income in the form of cash. In certain cases, the company may acquire equity interests or provide debt capital to these businesses and eventually acquire a specific business as a wholly owned subsidiary of Agritek.
Industry Finance and Equipment Leasing Services
The company plan to lease cultivation equipment and facilities to customers in the cannabis industry. The company expect the company will enter into sale lease-back transactions of land zoned for cultivation, green houses, grow lights, tenant improvements and other grow equipment. Since Colorado State law does not allow entities operating under a cannabis license to pledge the assets or the license of the cannabis operation for any type of general borrowing activity, the company intend to provide loans to individuals and businesses in the cannabis industry on an unsecured basis. Equipment will only be leased to tenants that possess the requisite state licenses to operate such facilities. The leases with the tenants will provide certain requirements that permit it to continually evaluate its tenants’ compliance with applicable laws and regulations.
Agritek Holdings is exploring lending opportunities in Colorado, California, Nevada and Puerto Rico. The company's finance strategy will include making direct term loans and providing revolving lines of credit to businesses involved in the cultivation and sale of cannabis and related products. These loans will generally be secured to the maximum extent permitted by law. The company believe there is a significant demand for this financing. Agritek Holdings is pursuing other finance services including customized finance, capital formation, and banking, for participants in the cannabis industry.
Competitive Strengths
The company believe the company possess certain competitive strengths and advantages in the industries which the company operate:
Range of Services: Agritek Holdings is able to leverage its breadth of services and resources to deliver a comprehensive, integrated solution to companies in the cannabis industry – from operational and compliance consulting to security and marketing to financing needs.
Strategic Alliances. Agritek Holdings is dedicated to rapid growth through acquisitions, partnerships and agreements that will enable it to enter and expand into new markets. The company's strategy in pursuing these alliances are based on the target’s ability to generate positive cash flow, effectively meet customer needs, and supply desirable products, services or technologies, among other considerations. The company anticipate that strategic alliances will play a significant role as more states pass legislation permitting the cultivation and sale of hemp and cannabis.
Industry’s Access to Capital. In February 2014, the Treasury Department issued guidelines for financial institutions dealing with cannabis-related businesses, (see “FinCEN” under “Federal Regulations and The company's Business” of this document). In March 2015, legislation was introduced in the U.S. Senate proposing to change federal law such that states could regulate medical use of cannabis without risk of federal prosecution. A key component of the proposed Compassionate Access, Research Expansion, and Respect States Act (the “CARERS Act”) is to reclassify cannabis under the Controlled Substances Act to Schedule II, thereby changing the plant from a federally-criminalized substance to one that has recognized medical uses. Many banks and traditional financial institutions refuse to provide financial services to cannabis-related business. The company plan to provide finance and leasing solutions to market participants using the FinCEN guidelines as a primary guide for compliance with federal law.
Regulatory Compliance. The state laws regulating the cannabis industry are changing at a rapid pace. Currently, there are twenty-six U.S. states and the District of Columbia that have created a legislative body to manage the medical cannabis industry. There are also five states that have allowed recreational use. In Colorado and Washington states, cannabis is heavily regulated. It is a critical component of its business plan both to ensure that all aspects of its operations are in compliance with all laws, policies, guidance and regulations to which Agritek Holdings is subject and to provide an opportunity to its customers and allies to use its services to ensure that they, too, are in full compliance.
Industry Breadth. The company continue to create, share and leverage information and experiences with the purpose of creating awareness and identifying opportunities to increase shareholder value. The company's management team has extensive knowledge of the cannabis industry and closely monitors changes in legislation. The company work with partners who enhance its industry breadth.
Intellectual Property
On November 17, 2016, the company filed with the United States Patent and Trademark Office (“USPTO”) a federal trademark registration for “Hemp Pops” in the category of Staple Food Products.
Nice call tomxyy, you pretty much nailed it.
AGTK is putting the puzzle pieces together one by one. Standby for lift-off
Huge news out this morning in the mj sector
Constellation Brands to Acquire Minority Stake in Canopy Growth Corporation
GlobeNewswire•October 30, 2017Comment
VICTOR, N.Y., Oct. 30, 2017 (GLOBE NEWSWIRE) -- Constellation Brands (STZ) (NYSE:STZ.B), a leading beverage alcohol company, today announced that it has signed an agreement to acquire a minority stake in Ontario, Canada-based Canopy Growth Corporation, a well-respected public company and leading provider of medicinal cannabis products.
This investment and relationship is consistent with Constellation Brands’ long-term strategy to identify, meet and stay ahead of evolving consumer trends and market dynamics, while maintaining focus on its core total beverage alcohol business. Constellation has no plans to sell any cannabis products in the U.S. or any other market unless or until it is legally permissible to do so at all government levels.
“Canopy Growth has a seasoned leadership team that understands the legal, regulatory and economic landscape for an emerging market that is predicted to become a significant consumer category in the future,” said Constellation Brands President and Chief Executive Officer, Rob Sands. “Our company’s success is the result of our focus on identifying early stage consumer trends, and this is another step in that direction.”
Founded in 2014, Canopy Growth Corporation is one of the earliest commercial players in Canada’s legal cannabis market. The company is currently traded on the Toronto Stock Exchange (TSX) under the symbol “WEED” and has a market cap of more than C$2 billion. The company owns a collection of diverse brands serving customers in Canada and international markets where medicinal cannabis products are legal. In conjunction with this investment, both companies intend to enter into an agreement to exchange knowledge and expertise.
“We are thrilled to have the backing of such a well-established and respected organization such as Constellation Brands,” said Bruce Linton, Chairman and Chief Executive Officer, Canopy Growth Corporation. “We look forward to working with the Constellation Brands team to access their deep knowledge and experience in growing brands as we continue to expand our business.”
The investment is expected to approximate C$245 million representing an ownership interest of 9.9% of Canopy Growth Corporation, plus warrants which give Constellation Brands the option to purchase an additional ownership interest in the future. The transaction is expected to close during the Company’s third quarter of fiscal 2018.
Went to WeedMaps.com
Wanted to search out our California Premiums, found 3 varieties to pick from. Also found Microdose strips on the same web site.
Was good to see the update on the San Juan facility, and now the Halloweed Fest in San Fran. The pieces of the puzzle are fitting together as AGTK continues to follow through on its business game plan.
Revenues on the latest 10Q showed
AGTK actually showed in the 10Q ended June 30, 2017 they reported $24,000 in consulting income. So to state they had "nill" is not exactly being truthful. You might recall that Rome wasn't built in a day as well, right?
Stay tuned...
DJ Agritek Holdings Inc, Inst Holders, 3Q 2017 (AGTK)
Oct 23, 2017 03:03:00 (ET)
The following table shows the largest shareholders in AGRITEK HOLDINGS INC COM (AGTK) for the quarter ended September 30, 2017, listed by holding size. The list represents up to 50 of the largest holders in the company.
Note: Unless otherwise mentioned the reporting date is 09/30/2017
Institution Shares Shares % Last
Held Changed Held Report
Smith Affiliated Capital Corp. 50,000 0 0.009 06/30
D'Orazio & Associates Inc. (V 0 (1,000) 0.000 06/30
13F data provided by: Factset Research Systems Inc.;
Please send questions to ownership@factset.com.
Copyright, Factset Research Systems, 2017. All Rights Reserved.
(END) Dow Jones Newswires
October 23, 2017 03:03 ET (07:03 GMT)
The mj sector seemed to take off with the Nevada release of mj sales for the first month of operations. 27 million in mj sales, great. Taxed and regulated, bought in stores and not in the local alley.
Would that money otherwise gone to drug dealers, cartels, etc? Kinda shows the enormous black market that currently exist.
Expecting huge returns for ONVO
I received this e-mail below from Motley Fool. I only find it interesting because I believe they are referencing our Organovo stock.
So, I looked up the Forbes reference, which occured on 3/6/12. Then found the MIT reference on 2/28/12. Are they expecting ONVO to record those type of returns, lets hope so.
I had to delete some links from the email to get it to post here. Of coarse they want you to subscribe to find out what stock they are referring to. I just put 2 & 2 together and came up with ONVO.... You guys & gals can thank me later : )
--------------------------------------------------------
Dear Investor,
On October 8, 1997, I bought $2,983 worth of Amazon stock. Years passed, but I never sold it... and today that stock is worth nearly $200,000.
See, I didn’t have a lot of money to invest back then. But I did have access to some very good advice.
And that’s not even the wildest thing I’ve ever seen in my brokerage statement. Another stock I bought back then went up 6,777%. Which disappointed me for a long time. Because it would have been 20,351%... if I’d just listened to my friend’s advice sooner.
Now I’m not writing you to brag. The truth is, I’m a little embarrassed. (Before today I never showed this brokerage statement to anyone besides my wife.)
And I’m not writing to make you kick yourself for missing out on these huge gains.
I’m writing because the investor who told me about Amazon in 1997 — a man whose picks have more than quadrupled the return of the S&P 500 over the past 10 years, and a dear friend of mine for more than 20 years — recently pointed me to a new idea. And boy, is it a big one...
The scientists at M.I.T. are calling it “the most important new technology since the smart phone.” And Forbes says it’s “the most significant game changer in retail this decade.” But I didn’t believe it until I saw this video footage...
Here's to your wealth!
Todd Etter
Chief Collaboration Officer
The Motley Fool
Pfizer/Organovo agreement is set to expire at the end of this year.
Organovo Holdings (ONVO.PK): In similar fashion to Lpath above, Organovo may be another one trading below the radar that could start looking like a nice accumulation opportunity as a key catalyst involving Pfizer could unfold over the near term. Organovo, as previously discussed, has developed a 3D printer - the NovoGen MMX Bioprinter - that, in conjunction with regenerative medicine expertise, can generate 'bioprints' of human tissue. In looking at the short to mid term, these prints can be used as disease models to enable more effective therapeutic drug discovery and development, but over the long term the company is looking to apply this technology to generate replacement organs. Given the scope and potential of such a forward-looking technology, Organovo has already landed two major partnerships - one with Pfizer and another with United Therapeutics (UTHR). These deals have already generated over a million dollars for the company's coffers, but the Pfizer relationship is worth watching over the short term as the current agreement is set to expire at the end of this year. That provides a short term catalyst for ONVO shares while the long term potential continues to unfold.
It's also worth noting that Zacks.com initiated coverage of the company with a rating of 'Outperform' and a target price of $3.25 earlier in the year, based on the technology and the company's ability to land high-profile partners. A developing story involving next-generation technology that may be riding under the radar right now.
New Video posted on ONVO website
Brief new video recently posted on the website, last about 4 minutes. Follow the link provided below, its worth the effort.
http://www.organovo.com/about/company-profile
Welp Crow
"The serious objections will come from the SEC and other FEDS if there are gonna be any".
The feds and sec have not molested CDEX to date, even after all the unscrupulous goings on over the years. Certainly would not think that now would be any different.
Mister Crowe, your enlightening conversations in regards to the only thing we have in common (CDEX)keep me coming to investors hub each day. Your detective work and crystal ball reading, err uhm maybe tea leaves, and not a crystal ball, well whatever. Your entertainment factor continues strong even after all these days, months, years, decades??? gheeeez... carry on my friend.
Crow, tell us more about the 26 G4s ordered and slated for shipment in the coming months. Don't dwell on the negative so much, without giving us the positive highlites as well. lol
Welp, Crow....
Your version of the summary is alot easier to read than the legal version. Kinda like a Readers Digest version of the whole mess.
I suspect theres a whole lot of folks that are hoping the courts go for that 1 million dollar option versus the alternative.
But why would Gemini formally oppose CDEX getting the 1 million in the first place? Wouldn't ya think that they might have better prospects as well? along with the rest of us?
It would be nice to know why the other 15 did not file a letter.
The other 15 did not file because they were willing to restructure with CDEX.
My understanding of which two triggered the default? I consider MP. & Ryles to be fact!
Have the two default letter persons been identified as of yet?
It is my understanding that Ryles & M.Phillips triggered the default.
CDEX Inc. Commences Debt Restructuring to Strengthen Company's Future Competitiveness
Print
Alert
Cdex CL A (OTCBB:CEXI)
Intraday Stock Chart
Today : Friday 10 February 2012
Click Here for more Cdex CL A Charts.
CDEX Inc. (OTCBB: CEXI) today announced that to achieve a debt structure that would allow the Company to continue to develop its leading edge products in the healthcare markets with the ValiMed G4 medication safety system and in the security market with its ID2 Meth Scanner and Pocket ID2 Meth Scanner it has retained the law firm of Eric Slocum Sparks, P.C. to assist in the financial restructuring through the voluntary filing of a Chapter 11 reorganization in the United States Bankruptcy Court for the District of Arizona. During the restructuring, the Company intends to continue operating as normal, without interruption.
The Company's Board of Directors determined that Chapter 11 reorganization provides the most effective and efficient means to restructure with minimal impact on the business, and is in the best interest of the Company, its stakeholders and customers. "Although the Company has worked closely with its noteholders and other creditors and constituents over the past year, which led to the reduction of certain obligations, the Company needs to complete its comprehensive restructuring due to its current inability to negotiate restructuring terms with all noteholders," said Jeffrey Brumfield, Chairman and Chief Executive Officer of CDEX.
CDEX intends to file motions with the Court to ensure the Company's ability to continue its normal operations, including the ability to continue the development, sale and service of all of its products. The Company anticipates receiving approval from the Court within the next several days. "All forms of debt incurred prior to the commencement of the Company's Chapter 11 case that have not been paid is intended to be resolved through the Company's Plan of Reorganization," said Brumfield.
"Throughout this restructuring process, we are committed to working as quickly and efficiently as possible to appropriately restructure CDEX so that it can emerge from Chapter 11 as a strong company, well-positioned to compete effectively in the marketplace," continued Brumfield.
John, please come to the principals office...
Look mister, mind you P's & Q's OK? We need the pro CDEX posters in order to maintain some equality here, can't afford to lose anyone to TOS issues.
Ole Crow, seldom agree with you, but enjoy your sense of humor regardless.
CDEX #1
dale in cincy
Thanks for posting the links paige, eom
Pennstreet, did you attend the ASHP?
Looking to find out what, if any reviews from anyone in attendance. Wonder if CDEX took any spotlights during the 3 day event.
Ole crow
Although I am really long on CDEX and seldom/ever agree with your point of view in regards to current CDEX, your sense of humor is well worth my time to read your post. By the way, which garage sale did you get your sense of humor? too funny. I often catch myself smiling as I read your CDEX putdowns etc, they do have some comic value after all.
Many hope (including Arlaco's sister,lol), that Pennstreet's crystal ball is clear as a bell and proves to be accurate. I could use some quantum multiplying in my portfolio totals, kinda like the LOCH hedays again. Ya, I'll take it. That was an investors dream come true for sure.
Representing lurkers everywhere...
From across the land, both near & far were all part of the CDEX fan club. Lifetime membership appears to be the cost of a jsut few shares, and by buying a few shares at just .06 cents a copy, welp thats even cheaper than wallpaper! what a deal...
Its been enjoyable reading the post that have been going back and forth by all the past few months. Even though most of us lurkers have not much to contribute. I did make it to 2008 shareholders meeting and got to place some faces with names. Also saw the infamous United States map with the postit tacks with all the Valimed installations. As I recall there was 26 perhaps, really testing my memory big time. See the "laboratory" testing benches, shipping/receiving dept. hehe
Would love to be able to attend SH. meeting again in the future and put the new names with faces, Pennstreet, Crow, HCJ64 and the others. Paige, I had the privaledge to meet at the 08' shareholder meeting. I believe there were only about 16 folks attending that meeting, with even fewer of us going back to the CDEX offices. On the plus side, there was plenty of donuts & pastries to go around for all.
Crow, I noticed you changed your picture from the dog to the black crow. While it matches your alias just fine, I liked the dog better. wink, wink...
Pennstreet, I'm just about willing to shell out the cost of an airline ticket just to figure out who you are in this whole mess. Really enjoy your post though, gives me renewed hope for my current investment. All fingers are crossed...
Carryon' fellas, just let me get back under my rock where I lurk the best and follow along, lol.
dale in cincy