Cdex, Inc. (fka CDEX)

[d4diddy]

Bankruptcy was completely avoidable during the real estate crash as long as one did not over leverage there holdings and had the common sense to build in safeguards.

Those that foolishly went willy nilly paid the price.

Brumfield may be considered a business man but very obviously not a good business man, not with two bankruptcies under his belt.

It appears that's how he's running the show at CDEx as well. Taking a 350K/year salary while the company operates on a shoestring with no inventory, no means of manufacturing and no credit with vendors is the business model of true scam artists.

A good CEO that is confident in the success of the company would take a minimmal salary and defer the balance until the company started producing adequate revenue. A SCAM ARTIST GRABS WHATEVER HE CAN GET, THEN RELIES ON FOOLISH PP INVESTORS TO BAIL OUT THE COMPANY WHEN THE MONEY DRIES UP. THAT'S CALLED A STOCK SELLING SCAM.

CDEx is a blatant scam, always has been (as pennstreet has admitted) and continues to be.

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