amanita~~~
LOL, no, and no and no.
Mr. Brumfield did not arrange the deal to BK Cdex. Geez, what Private Placement Shareholder or Angel Investor would have wanted to have their stock reversed down to 1 for 10???
The most obvious answer is NONE.
Others have pointed out on this board that it is most obvious that Mp, and Gf caused the BK, jr just tagged along as was his style. jr had Dr. Poteet cover his expenses during the Arbitration that Dr. Poteet prevailed on.
Mr. Brumfield smelled 3 rats after talking to all the note holders. He was correct about the rats. He discovered them months before the note was due.
He talked to them several times, but they were determined to get paid on their note or have more shares assigned to them than the other 14 had agreed to.
What is also most obvious, is,,,,,,,,,,,,,,,, had Mp and Gf agreed with the others, the new note would have been X amount of Cdex stock, and there would not have been a Chapter 11, and the Angel Investors, the Private Placement shareholders, and the common shareholders would not have had their Cdex stock reversed by 1 for 10.
The plan that you said "backfired" was a very good plan, and we all know it was good, because 14 out 17 said yes, without any convincing. They all knew, it gave Cdex a chance and them, to one day get a chance to sell their stock.
And the plan DID NOT backfire as you say,,,,, the 14 accepted the best plan available and Mp and Gr, and jr said no. Two letters came in to Cdex from Mp and Gf, telling Cdex they were in default of its note. How dang stupid was that. Answer,,,,, really dang stupid. jr was a tag along as is his style.
AI
