Cytogenix (fka CYGX)

[truthhurts]

Not true Roscoe....

There is an office ;

http://www.sec.gov/Archives/edgar/data/1005302/000101054910000109/cyto8k022510.txt

1570 Dustin Cade Drive, New Braunfels, Texas 78130 - Address of principal executive offices

http://www.whitepages.com/search/ReverseAddress?street=1570+Dustin+Cade+Drive&where=78130

The Cowsert residence. So that "no-time" CEO is on the job as he has selflessly offered is home mailing address as the company's new executive offices.

I'm sure there is some lab equipment...its just needs picked up from the old landlord. Also here are those two super fantastic SynDNA machines (and their steel carts) which are surely off someplace churning out vast amounts of hugely profitable gram quantities. Or maybe their in the Cowsert garge covered by a tarp sprinkled with a few old grass clippings.

There was an 'inventory' it was just grossly overstated.

And the IP...that cherished IP which came from an abandoned patent application...its still there. Problem is its in the same state it has always been in...not unprotected...just unwanted by anyone. In a sense that is probably the best protection it has every enjoyed.

You are right about the debt...piles and piles of it. Ex-employees, ex-officers, tax liens, landlord, suppliers, etc.

Now some have asked why this filing even happened...after months of nothing how dilligent it was of the officers of this company to pour over past filings and find these mis-statements.
Nothing could be farther from the truth. The SEC called the company down on it and that can be the only explanation. Reread the first sentence of this filing ;

On January 14, 2010, the officers of CytoGenix, Inc. (the "Company")
concluded that the financial statements included in the Form 10-K for the period
ended December 31, 2008 and the Form 10-Q for the period ended March 31, 2009
should not be relied upon because of an impairment provision on its inventory at
December 31, 2008 that was not recognized in the financial statements.

"concluded"...it does not say 'discovered'. That means it was brought to their attention. Not by the new 'independent' auditor but by the SEC.

And Paulness is not "dilusional" or even delusional...he's just disingenuous.