CDEX SCAM busted and loan due, so long!
As all know, Cdex was cash broke, thus ALL Cdex had to offer was Cdex stock. Each of the 17 note holders were well versed on the only alternative that they had.
Prove it! Cdex may have been cash broke like they are now. No proof any of the note holders were contacted by anyone.
There should have never been default letters filed, period. Unless of course, you wanted Cdex to go into BK. Which, no doubt the three wanted just that.
As I have said, the default letters were generated WHEN SCAM CDEX's note came due and went unpaid. That's business in the real world!
One does know that Mr. Brumfield COULD NOT declare Cdex BK, without the 100% consent of the BOD. Which he got.
Ok, they were/are stupid too!
Why would any Private Placement shareholder want to have his stock 1 for 10 reversed? Answer,,,,, he/she would not.
Well they did now didn't they, Bahahahahahaha!
Why would any Angel Investor want to have their stock reversed? Answer,,,,,, he/she would not.
Reread the laughing above!
Why would Dr. Terrell provide Cdex $50,000? Answer,,,, because if he did not, a chapter 7 filing was going to happen, instead of an 11.
Cause he was caught up and suckered into the SCAM.
All 17 note holders had to be treated equally, period. Each of them knew that.
Prove it!
Mp, Gf, and jr said no to the only terms that could be put out, Cdex stock.
Prove it!
Just think what Gf could have had today, had he said yes. Lets say Gf claimed $24,133.00 dollars owed to him by Cdex, had he accepted shares at 5 cents in ex change, he would own 482,660 shares of Cdex stock.
Who cares!
And jr claimed $25,601.00 at 5 cents a share. He would have 512,020 shares today.
Who cares!
And there would have been no reason for the Cdex BOD and Cdex to file a BK.
Well they did now didn't they.
The real point to note here, is what do the two have today? Not nada. And they could have had 500,000 shares of Cdex stock.
Who cares!
Hum,,,,,,, the choice was to HAVE NOTHING or 500,000 shares of Cdex stock. Just how smart does one have to be to know what one should do. 14 note holders knew what to do. The record states that very clearly.
No record , just the same worn out story over and over with ZERO proof.
Imo, had they took the stock, they could start selling it in the 4 th quarter of this year.
There might not be a fourth quarter for shareholders.
Of course they could have been selling a little here and there for a long time. But no, they chose to send default letters, w o w, real smart!!! NOT!
Well it worked didn't it!
