Cdex, Inc. (fka CDEX)

[Amanita]

CDEX ,The oil patch connection

3509 154th St. Lubbock TX, 3513 158th st. Lubbock TX

Are you looking for the Texas oil cdex connection? Well just look these addresses up and connect the dots. Gosh these folks live blocks from each other. Could Cdex's Terrell know that other guy? Of course.

During the fourth quarter of fiscal year 2010, the Company received approximately $483,000 under our Exclusive Distribution Agreement (“Agreement”) effective August 20, 2010, with a number of signatories including PEMCO, LLC and Messrs. Peter Maina, Thomas Payne (a former Director of the Company), Robert Stewart, and Scott Newby (“the “Signatories”). The Agreement grants exclusive United States distribution rights for all products developed by CDEX for application in the field of Oncology. The term of the Agreement is for five years from the effective date of the Agreement. The financing tranche is available for up to $1.5 million. We may continue to raise money under this agreement. The Agreement grants the Signatories detachable three-year warrants for a total of 670,000 shares at an exercise price of $0.25. Revenue is being amortized on a straight-line basis over the five year term of the agreement resulting in revenue recognition of approximately $19,000 during the quarter ended January 31, 2011.

Now you take that and figure that Pemco is involved, and wasn't it those names from the planned BK? Maybe it's too easy, maybe. Robert Stewart, Pemco, Terrell.


On August 30, 2010, CDEX, Inc. (“CDEX”, or “Company”) entered into an Exclusive Distribution Agreement (“Agreement”) effective August 20, 2010, with a number of signatories including PEMCO, LLC and Messrs. Peter Maina, Thomas Payne (a Director of the Company), Robert Stewart, Milton Datsopoulos and Scott Newby (“the “Signatories”). The Agreement grants an exclusive United States distribution rights for all products developed by CDEX for application in the field of Oncology. The term of the Agreement is five (5) years from the Effective Date of the Agreement. The company is opening the financing tranche for $1.5 million, of which we have received commitments for $430,000, we will continue to raise money under this agreement.

Read more: http://www.getfilings.com/sec-filings/100901/CDEX-INC_8-K/#ixzz3N3QJZ9Ky

Much more to come.....