Cdex, Inc. (fka CDEX)

[d4diddy]

It seems that this U.S. Trustee has dealt with a penny stock scam or two in the past:

"Without a budget in place, a proposed interest rate of 12% that must be paid to avoid post-petition default, and the lack of historical financial performance by this Debtor, the U.S. Trustee is concerned that the proposed financing is merely a shield for a potential "loan-to-own" scheme by investors/creditors lying in wait. Red flags are further raised when the Debtor is seeking authority to borrow 1.5 million dollars secured by assets valued at only $425,000.00. Clearly significant prior investment exists as evidence by the issuance of over 109 million shares of common stock with 17,000 investors...."


My hat off to the U.S. Trustee!!!!