Cdex, Inc. (fka CDEX)

[Crow3]

Here is a pretty good synopsis of the history of CDEX..which I saw elsewhere. On the whole, objective and without rancor towards the real people that have over the years supported CDEX by buying shares and PP positions. And by posting things in support of the company..if the word "COMPANY" can be legitimately applied to a long running SCAM.

Some 12 years ago several of us "spitbashers" (tm crowe) began realizing Loch Harris was probably nothing more than a scamster's paradise. Those were the days of "daBeez" (LOCH) and tomscheboy and his buddy Nigel Ramsay and the beginnings of SEC/FBI investigations into loch (and into several other companies led by the same ringmeisters).

Sadly, official investigations into loch went nowhere. That's a pity because a lot of people would have been saved a lot of pain if there had been some follow through. Apparently it wasn't headline-grabbing enough to warrant that kind of attention. So much for the inclination of those agencies to take action against market abuse on a smaller scale than, say, an Enron or Lehman.

I was pretty new to chat rooms back in 1999/2000 -- a lot of people were -- and I originally believed they were places for sharing legitimate information and thoughts. Little did I know they'd already been staked out as the best possible hunting ground for scamsters looking for fresh blood and new money to be hidden away as quickly as possible in offshore accounts, or otherwise used to improve personal lifestyles.

12 or 13 years later and the beat still goes on, following a variety of new leaders and law suits and BKs, a few deaths of principals and investors, and a new company name (CDEX) and a couple (?) of changes of headquarter addresses and I've lost count of how many exciting new products that never quite made either loch or cdex household names.

Today cdex is in BK court and within a couple of months, outside, the company's future should be pretty clear.

Over the years, in addition to all the "misleading" (being generous) PRs and other official paperwork signed by the company, there were other people working behind the scenes to keep the company going, getting new "investors" in. Today some of the same people are still at it, working even harder behind the scenes.

The beat ... and the myth that this is a legitimate, viable company ... goes on. After all, the sacrifice would be very great for some of the visible and trying-to-be-invisible people if cdex just crumpled in a heap and died. So the paper salesmen must keep working, finding new investors who are willing to part with their hard-earned for the opium-like pipe dream.

Today or yesterday I was banned by the board monitor of forum or chat room where I usually post ... banned til Sept 28th! That's some long ban. The monitor (whose name everyone of course knows) really really doesn't want to see me for a long long time. Neither, I suppose, does another former poster who suddenly went totally silent for a while and now is playing good-guy guru games in yet another chat room.

Since the future of cdex is apparently now solely in the Judge's hands, it really doesn't matter what anyone posts anywhere, and I imagine by Sept 28th we'll all have a pretty good idea of what that future will be. Will the same old beat continue or will the company finally rest in pieces?

I'm genuinely sorry for people who've lost money by believing the con wasn't a con, even after Jonathon Weil exposed the company for what it was. On the other hand, I'm glad for those who opened their eyes and didn't continue throwing good money after bad.

Anyways (tm nasfanium), this'll probably be my last post anywhere about this company. But I hope someone finally does write the book. The title could be "Snake Oil Salesmen I've Survived". The companion piece to "Serpent on the Rock".