ChromaDex Corp. (CDXC)

[MinnieM]

From my interview:

http://seekingalpha.com/article/3984591-potential-niagen-health-benefits-drive-revenue-chromadex-stock

Q: I see a licensing agreement with Bayer Innovation, Federal Republic of Germany dated in October 2003 and another one with the University of Texas System in August 2005. These agreements were all signed before you went public in June 2008. In looking at Barry Honig filings, I see he filed a Form 3 for ChromaDex shares in October 2011. These timelines would indicate it's safe to say ChromaDex isn't a Barry Honig business. However, I would like to know the history behind your investment into Pershing Gold.

"FJ: Your timeline on our business development, becoming a public company and Mr. Honig's investment is correct. When we did the financing which involved Mr. Honig, ChromaDex was an 11-year-old business that I founded long before Mr. Honig became an investor, so I am not sure how anything they alleged in the article about me could be true.

In 2010, I was an investor in an enterprise known as Empire Sports and Entertainment, that business failed in 2011 and the company that would later become Sagebrush Gold and then Pershing Gold. I sold my shares in 2013 and took a loss on this investment."

Btw, I've done some research on Honig and have come to the conclusion he's no angel, but, he's no devil either. One has to keep in mind that most new businesses fail. He seems to invest in hundreds of businesses, so, it seems to make sense that some won't do well. Not a defense of him since I'm not done with my research and have never had contact with him.

The board member that had the legal issue is gone now. The only reason the recent board member left was the SA article besmirching the company. He's in retirement and I don't blame him for stepping away from this nasty episode.

Btw, the only reason I made a move to verify the information on this company was due to my Niagen usage. My results with it have been stellar. I look forward to my next round of blood work in November.







In Reply to 'mtg220022'
That's a fair point, but then again, it speaks to the quality of the company. I'm sure he did his due diligence before joining the company... On the other hand, at 77, I would not want to be bothered with much in the way of stressful business ventures. Like you said, it is likely that he realized there were some people involved in fraud that I would probably quit. Just no upside.

But the question remains... Barry Honig's track record and the fact that Jaksch was an investor in PGLC certainly speaks to him being close with Honig. And just a quick look at some other articles on Seeking Alpha show that Honig clearly does not have a good track record.

Additionally, the Lakewood Capital report on Opko from 2013 called Honig a serial stock promoter and highlighted all the ties to stock promotion and fraud he has. It truly is eye opening to see these games played with microcaps. Even if one has no view on ChromaDex as a business or Nigaen, it should be concerning that these guys are so heavily involved with the company.