Cdex "certain obligations" FIRST
The cdex SCAM double tongue, this from the SEC filings:
The proceeds from draws upon the Line may be used for working capital, or any proper corporate purpose, as well as payment of certain obligations of the Borrower, including a portion of the accrued and unpaid salary of the Borrower’s Chief Executive Officer, Jeff Brumfield
And this from the letter to shareholders: See any difference?
secured an aggregate $430,000 line of credit from the Company's CEO, Jeffrey Brumfield, and one of CDEX's largest shareholders. Funds drawn against the line will be used for general working capital purposes and to support the manufacturing and marketing of the ValiMed™ G4 system
However, until we are able to launch the ValiMed G4 system completely
,our ValiMed G4 provided valuable information, leading us to conclude that the product required additional updates
,we are very close to commercialization and implementation of our ValiMed G4,
the necessary changes to advance the Valimed G4 out of beta mode and toward a final product.
we feel that the product is very close to its final form and ready for commercialization in the upcoming year.
