Cdex, Inc. (fka CDEX)

[streetpenn]

Crow3:

Could be. We will soon find out whether there are orders or potential orders and whether there are investors waiting in the wings.

The BK Judge and Trustee are specifically requesting this information. Further delays in disclosure or if there is disclosure but the numbers of orders or potential orders or the amount of investment money waiting in the wings is not sufficient, then conversion to Chapter 7 is likely.

But keep in mind that the BK Court will try to find a way to go the reorganization route so as to protect the interests of ALL creditors and the shareholders.