Cdex, Inc. (fka CDEX)

[d4diddy]

Well RA, looks like some of the True CDEX Long posters agree with you:

By: milchip
16 Oct 2006, 12:54 PM EDT

Not a single trade at the ask...all at 38 cents...must presume all sells...yet bid and ask remains stable.

Very much different from recent action, where a sell for very few shares would often lower the bid.

Do you or anyone else have an explanation? Something's fishy.


By: bulldogconsult0
16 Oct 2006, 03:33 PM EDT

It looks like last weeks big volume day (200,000+ shares) was nothing more then some insider unloading more shares. At this point if you dump 37,000 shares at 0.40 it still sounds ok if you expect the price to deteriorate even further. Something stinks and it is getting worse.

No updates on funding, no new sales announced, no money for travel and now weeks after the conference call when Griffin said there were 3 financing options on the table.

At this point in order to bring in 2 million dollars they would have to sell shares for a very low price. They may be backed into a very serious corner.

With each passing day the options become less appealing and survival all the more difficult.

Sorry to be negative, but the facts are the facts.

Bulldog