I ain't bleeving even half of what I read in the filings..JB lies about how potentially great CDEX is...I do believe him when he says CDEX needs money, though. They ain't got any.
GEMINI filing objecting to the "Debtor In Possession" financing that JB claims to have pending if the court approves..has a lot of info in it that I would use if I were filing a friend of the court brief..which I ain't..plus I would add that CDEX ain't got a chance in hell of surviving and surviving off their so called "products"...
No matter how many imaginary uses for them that they are tying to bedazzle the court with.
WHOINHELL would lay out a million bucks on this thing? No matter how great the conditions and terms. I thought it could only be GEMINI promoting themselves to seniour creditor and the only secured one...
But GEMINI has objected..So in my mind arose the POSSIBILITY that MP and maybe the OLD BOYZ have formed a consortium and trying to screw GEMINI over..although GEMINI have no doubt long ago got their money back by trading and shorting of CDEX shares.
WHO ever "wins" this thing and does DIP funding can almost immediately foreclose and get most of their money back..plus own the "stub".LOL!!
All I am certain about right now is that the existing shareholders are ROYALLY SCREWED..whether the court orders a Chp 7 or approves a CHP 11 plan.
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