Pennstreet: Any Comments?
Yes, it would be absolutely stupid to vote yes for an additional 2 million shares, without hearing from the CEO re the future.
As I stated before, there is no doubt that additional shares may be needed for new private placement investors to raise money. But the combination of dilution without significant news, will hurt the public shareholders. In this regard, if JB doesn't talk or show results, he will be no different from MP--a salesman of private placement shares.
I do not know if you visit the IHub Board, but there is a poster named Pennstreet that is almost certainly a pp investor (other posters claim that this is Robert Stewart).
From an October 8th post he states:
"Imho, two months is not going to be long enough to accomplish a new Technology. I would speculate next March or April."
That is one troubling statement!!!!!
First, the statement indicates that the addition of 200 million shares would come well before CDEX was able to market anything. So are we supposed to approve the additional shares in Nov. for something that might happen in March or April--6 months later????? Does JB take us for idiots? Do you think JB would issue more shares to himself to maintain his percentage interest in the Company????? No sheet.
Even more troubling is the fact that this statement indicates that CDEX is embarking on yet another NEW technology. And the beat goes on. What's that song? "Second verse, same as the first"
I'd say it's about time JB introduced himself to us shareholders. Don't you agree?
AI
