Replies to post #43735 on Cdex, Inc. (fka CDEX)

[highstakes]

trade it... :)))
up 100% if you bought at 4 :)))

cdex

[Crow3]

Poor cdex trying again and again to rewrite the history of the bumfield bankruptcies. It was the government that made bumfield a failure in the businesses he ran into the ground in California. It was three exemployees that filed the cdex bankruptcy. What BS. Saying it over and over just doesn't make it so. Surprise it's years later, cdex went bankrupt on bumfield's watch

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Well it very clear and becoming more so that JB was hired as an expert. With over 5.6 million shares of CDEX he must have had a deep knowledge about the prospects of success for the company. Another way of saying that that he had a large interest in that prospect and wished to see good things happen. For him and his son. Secondarily resulting in good things for what became the "ANGELS" from LUBBOCK way.

He exploited the ANGEL connection first by selling them a fake distributorship in non-existent hot air. Got him some operating money. Then he got WADE as a consultant and IMAGINED up a product which is just more hot air. NOW then!! Just convince some people to loan money and buy PP shares on that pipe dream hot air.

That worked to some extent but the money ran out. WHAT TO DO??

SIMPLE solution...go back to the ANGELS and make a deal. Get them to finance a BK to get rid of the pesky lenders and creditors that had began to agitate for payment. Cut the legs out from under the pesky shareholders who were becoming disenchanted with his leadership of their company.

In exchange for alla that get the court to declare the ANGELS as the ONLY secured lenders in case of CHAP 7 later on when the BK REORG failed. Appoint one leading ANGEL as company DOC and put him on the BOD.

AH SO!! That worked. But now the ANGELS want more. So PROFESSIONAL TOUTS have been hired and a meeting scheduled with MONEY PEOPLE to see if money can be borrowed to keep CDEX going for a while more. RUN the SP up if successful. Increase the prospects for a good P&D!!

The new lender can be counted on to agitate for payment and force CHAP 7... then the ANGEL through their spokesperson can point fingers at the new investors as the CAUSE of the most likely CHAP 7.

AH WEEL. So it is in the life of a SCAM.

[pennstreet]

amanita~~

Hum, did the real estate market in California take a free fall?

amanita said this: "It was the government that made bum field a failure in the businesses he ran into the ground in California."

The CEO of Cdex had this to deal with concerning his real estate company:

""The United States housing bubble was an economic bubble affecting many parts of the United States housing market in over half of American states. Housing prices peaked in early 2006, started to decline in 2006 and 2007, and reached new lows in 2012.[2] On December 30, 2008, the Case-Shiller home price index reported its largest price drop in its history.[3] The credit crisis resulting from the bursting of the housing bubble is—according to general consensus—the primary cause of the 2007–2009 recession in the United States.[4]""

Mr. Brumfield did NOT cause the housing market in real estate to collapse, and he di NOT run his company into the ground. This is misinformation at its best.

We are always talking about "facts"of this Cdex board, and here is another Cdex fact, concerning our CEO who dealt strongly in Real Estate values:

"The chief economist of Freddie Mac and the director of Joint Center for Housing Studies (JCHS) denied the existence of a national housing bubble and expressed doubt that any significant decline in home prices was possible, citing consistently rising prices since the Great Depression.

The chief economist lied, and every one knows he did. Mr. Brumfield's company took a huge write down of real estate values, and the bank called his notes.

His misfortune in real estate was NOT his fault. He did NOT run his real estate company into the ground.

And he was able to work with 14 of 17 note holders to get a very large note restructured. He was NOT his fault, that three ex CDEX employee's ran Cdex into Bankruptcy, he was their fault.

All just simple facts.