cb, I think they'd have a lot of angry investors on their backs if this scam goes Chpt 7, maybe even some that know more than what CDEx likes.
A successful chpt 11 would be just like the Loch/CDEx Asset Purchase Agreement (in disguise) and would allow the scam to continue.
Remember what MP did in the beginning with CDEx? First, he staged a phoney demo of the EM-1 on Kingsmen Island where it was 100% successful in detecting freshly dig holes, then posted a silly (unprofessional) test report with a personal comment scolding shareholders by saying that he "never wants to hear anyone say that the underlining technology doesn't work".
Next, he performed his primary mission by slowly burying the fraudulenty touted technology to keep it under wraps and save the B-Boyz' culos- including his own no doubt.
Mp and his PP hawks also scalped investors to the tune of approx. 30 million dollars over the following years.
So why would they prefer Chpt 11 over Chpt 7? To do the same sheet all over again naturally. Bury the newest phoney tech, advertise the newest Golden Widget, and release the PP hounds.
Remember the story about the scamsters that folded their scamco and relaunched it under a new name called "BOHICA"?
When asked how they came up with that name they defiantly stated that it was an acronym for "BEND OVER HERE IT COMES AGAIN".
Scamsters are incredible liars and arrogant Sunsabiches* (TM- Crow).
*I'm giving that to you Crow eventhough my Pa used to say that all the time with his thick Polish accent:
"Them g## d## Sunsabiches!" When he was talking about my brother and I we knew it was time to haul azz! LOL