The CEO claimed that CDEX was on the verge of great things and in fact had 3 G4s about ready to ship. So the court allowed the disbursements from the loan, and eventually gave up and turned CDEX loose from Court supervision. (DISCHARGE from BK)
Actually I believe the Judge wanted to retire soon and did not wanta pass that pile of BS on to the next judge.
CDEX sold some stuff outa the junk room to Kuwait, and has not sold anything else.
Could be that the ANGELS are leery of GEMINI which is why they not only have not foreclosed on that loan made during BK, but also made the more recent pseudo loan...GEMINI claims ownership of nearly 10 percent of CDEX shares..
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