Cdex, Inc. (fka 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.