Cdex, Inc. (fka CDEX)

[Crow3]

Gemini is the biggest creditor. Also the entity, along with MP, most likely to profit from chapter 11. MP is the largest shareholder.

JB got an option to buy 8 million more shares, which would likely pass MP as the #1..but he suffered a chapter 7 with his realestate business, which doubtless wiped him out..so he does not have the money to buy the 8 million at 5 cents a share. Nor the 4 million which is immediately available to him.

The PIPE contract, as amended, prohibits him from paying less than 5 cents a share.If he tries it on the open market, he would run the SP up. The CEXI share market is manipulated and controlled anyway probably by Gemini and MP.

Could he declare a bonus for himself for 4 million shares?? I don't think so. Not even a controlled BOD would go along with that. Also, all the available treasury shares are no doubt spoken for by Gemini and the other creditors.

So the de-facto bosses are MP and Gemini. JB and them got a trial run to see if they could sell PP shares. That is all the true power that they have. The piddling product sales, if any, cannot even pay the salaries.