Elmo's Hub

[lmorovan]

Another LIE?

Proceeds from sale of common stock $203,000

10QSB

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"In October and November 2004, the Company issued convertible promissory notes in the original principal amount of $496,100 to the investors listed below. The notes were convertible into the Company's common stock at a price of $0.30 per share. The notes have been converted into 1,698,668 shares common stock by the investors as follows:"

"In December 2004, the Company issued 220,050 shares of its common stock to the investors listed below for aggregate proceeds of $203,000:"

SB-2/A

**********************

CDEX reports only $203,000 in sales of stock in December, yet, in the SB-2/A it reports sales for the months of October and November. November is part of the quarter ended in January 2005. No report of the sales of common stock in November.

Misrepresentation at its best.