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lmorovan

07/03/03 1:54 PM

#1446 RE: tjfitz #1445

tjfitz, it makes sense, since CDEX does not have much, if any, shares left for Private Placements, and if MP will need more working capital, he will rather increase the issued shares and perform a forward split, allowing more Private Placement investors to get aboard at attractive prices. It's easier to find investors to pay $.50 per shares than $2.50. Most likely the contract money ($200,000) will be eaten up by administrative expenses and overdue salaries. And CDEX will not see the $800,000 before showing some factual and validated proof of the viability of the technology before the Navy would invest that money into. It's a wait and see game, and, in my opinion, things are not as rosy as some try to paint them.
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riorancho

07/03/03 2:10 PM

#1447 RE: tjfitz #1445

tjfitz, I recall private placement shareholders buying there shares at 40 to 60 cents each (est), before the 5 to 1 reverse split, so muliply those prices by FIVE PER SHARE! That's $2.00 to $3.00 @ share! I don't think people buying private placement shares would lay out that kind of investment capitol, without signing an NDA, and knowing what they are investing in! DO YOU?

They surely know more information than any of us, and I think they believe it will be worth more than there investment! DON'T YOU?

We don't know that CDEX will be a BB stock! In fact we don't know what exchange CDEX will be registering with yet, now do we? Good luck, Rio.......