Ok talk about the company, got it.
From the 10-K
HISTORY OF OPERATING LOSSES AND AN ACCUMULATED DEFICIT MAY AFFECT OUR ABILITY TO SURVIVE
It did once, why not again? Especially when your paying yourselves bonuses for taking the company into bankruptcy.
ACCOUNTING FIRM THAT EXPRESSES UNCERTAINTY REGARDING ITS ABILITY TO CONTINUE AS A GOING CONCERN.
I don't know why, aren't they good friends with the CFO? Then again they were right last year, about going belly up.
LACK OF ADDITIONAL FINANCING COULD PREVENT US FROM OPERATING PROFITABLY WHICH, EVENTUALLY, COULD RESULT IN A TOTAL LOSS OF OUR BUSINESS.
Lack of additional financing has never been CDEX's problem, there have always been a long line of gullible "investors". Of course the list has shrunk considerably, as those peoples money dried up and the smart one's figured out who, what , where , when.
WE ISSUE ADDITIONAL EQUITY TO FUND OPERATIONS OR ACQUIRE BUSINESSES OR TECHNOLOGIES, CDEX SHAREHOLDERS WILL EXPERIENCE DILUTION PROPORTIONAL TO THE ISSUED EQUITY.
To say the least! How many shares are on the street now, a gazillion what?
OUR POTENTIAL INABILITY TO PROTECT THE PROPRIETARY RIGHTS IN OUR TECHNOLOGIES AND INTELLECTUAL PROPERTY MAY HAMPER OUR ABILITY TO MANUFACTURE PRODUCTS, WHICH WOULD PREVENT US FROM EARNING REVENUES OR BECOMING PROFITABLE.
I should think this was a lesson you must have learned from those folks at ASD Inc..
OUR ABILITY TO SURVIVE MAY BE AFFECTED BY A LACK OF SUCCESSFUL MANUFACTURING EXPERIENCE.
Yep, just have at close look at your products and compare them to similar items on the market.
DEPENDENCE ON OUTSOURCED MANUFACTURING MAY AFFECT OUR ABILITY TO BRING PRODUCTS TO MARKET
Especially since they were shafted during the bankruptcy.
LACK OF MARKET ACCEPTANCE MAY LIMIT OUR ABILITY TO SELL PRODUCTS AND GENERATE REVENUES, WHICH COULD PREVENT US FROM EARNING REVENUES OR BECOMING PROFITABLE.
Just ask Baxa, Decatur, those folks in Europe, etc. However your "scrap" business seems to be doing very well.
WE INTEND TO MARKET OUR PRODUCTS IN INDUSTRIES WHERE TECHNOLOGY CHANGES RAPIDLY, AND WE WILL INCUR COSTS TO KEEP OUR PRODUCTS CURRENT AND INNOVATIVE. OUR FAILURE TO DO SO COULD RENDER OUR PRODUCTS OBSOLETE, WHICH COULD PREVENT US FROM EARNING REVENUES OR BECOMING PROFITABLE
It has been pointed out a number of times on this and other boards that there are many companies with much better products available in the same market as CDEX.
POTENTIAL DEFECTS AND PRODUCT LIABILITY COULD RESULT IN DELAYS IN MARKET ACCEPTANCE, UNEXPECTED LIABILITY AND COSTS AND DIMINISHED OPERATING RESULTS
See the results of the meth gun testing, and sales.
OUR POTENTIAL FUTURE BUSINESS AND/OR TECHNOLOGY ACQUISITIONS MAY BE UNPREDICTABLE AND MAY CAUSE OUR BUSINESS TO SUFFER
Self evident.
LOSS OF ANY OF OUR CURRENT MANAGEMENT OR INABILITY TO RECRUIT AND RETAIN QUALITY PERSONNEL COULD ADVERSELY IMPACT OUR BUSINESS AND PROSPECTS. OUR DIRECTORS AND OFFICERS EXERT SUBSTANTIAL CONTROL OVER OUR BUSINESS AND OPERATIONS.
Quality, is the central word here. Taken at face value the word would require dumping all of the current managentment for people who believe in the boy scout's law.
OUR MANAGEMENT LACKS EXPERIENCE IN THIS MARKET
Nuff Said. Their experience is self evident in their resumes. Some out here in blog land even wonder if some of them have GED's from California.
THERE MAY BE CONFLICTS OF INTEREST BETWEEN OUR MANAGEMENT AND THE COMPANY
Especially when it comes to incoming funds being shared among them.
WE DO NOT HAVE LONG-TERM AGREEMENTS WITH MANUFACTURERS AND SUPPLIERS.
See the bankruptcy paper work for this one.
OUR STOCK PRICE MAY BE VOLATILE
No it's not , it remains on a consistent downward trend.
IF WE ARE SUBJECT TO SEC REGULATIONS RELATING TO LOW-PRICED STOCKS, THE MARKET FOR OUR COMMON STOCK COULD BE ADVERSELY AFFECTED.
Could be? How about, it has!
LACK OF KEY MAN INSURANCE
Who among the 5 employees is the KEY MAN?
