Amanita:
This from your message: "We dramatically improved our financial position by decreasing our debt and operating expenses while increasing working capital and cash flow"
You then ask the question, "Was this BS or What?
A close look at the last 10 K shows Revenue UP.
Shows Operating Expenses $300,000 LESS.
Shows Total O.E. $250,000 LESS.
Shows operations expense of $250,000 LESS.
Shows total liabilities are less $1,500,000.
Obviously Cdex is making headway under Mr. Brumfield and his team.
Results from operations....For the year ended October 31,
2011 2010
Revenue $ 516,322 $ 408,774
Cost of revenue 173,193 61,724
Gross profit 343,129 347,050
Operating expenses:
Selling, general and admin. 839,394 1,204,546
Research and development 146,718 109,952
Termination of oncology agreement 68,667 - -
Total operating expenses 1,054,779 1,314,498
Loss from operations $ (711,650 ) $ (967,448 )
Total Liabilities 2,514,983 4,107,291
The numbers above point to a positive direction from Mr. Brumfield taking over Cdex.
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