Cdex, Inc. (fka CDEX)

[rottenapple]

Here is another "SWEETHEART DEAL"!! I looked into it a little because this guy (Jeffrey Brumfield) now owns 13% of the company. Seems he lent CDEX $180,000.00 in 2006. It ended up CDEX owed him $260,000.00 by April, 2007. WOW!! That's $80,000.00 profit on a $180,000.00 loan in a years time. That's 45% profit in a year!!! Almost too good to be true for the investor!!

But rather than pay him cash, they gave him 2,363,636 (restricted LOL) shares of CDEX which averages out to be 7.5 cents a share for his initial 180 grand.

We know about "restricted shares" from MP's dealings with Dawn & Mari!!! LOL

(d) Changes. The terms and provisions of this Agreement may not be modified or amended, or any of the provisions hereof waived, temporarily or permanently, except pursuant to a writing executed by duly authorized representatives of the Company and the Investor.

Least I forget, he also got a 200% thirty month warrant for the same number of shares.

THIS IS OUTRAGEOUS!!! What the heck is going on here?!! Boy, that Malcom Philips is some kind of businessman. Can anyone disagree? LOL

PS: dw88in, don't ask me to get proof for you. It's in the filings. Look it up yourself