Wanta buy some shares? All you gotta do is put in an order with a broker that has no scruples about trading penny stocks.
Failure to deliver is said to be common in that branch of the market...so maybe you will get "real" shares, or maybe not. CDEX has no interest in whether you do or don't. They would like for you to trade, though, because high volume is a way to attract interest in the shares.
They get no part of the trades in already OUTSTANDING shares out in the general public.
They want to sell PP shares, or borrow money using shares as collateral. Same thing, really. Except borrowing money postpones
the movement of the shares out of the company treasury until they have to settle up with the lenders.
What CDEX did was first get 200 million new shares approved by the shareholders, then through BK settle the lenders (and incidentally the shareholders) with a one for 10 reverse split. . Now no "debt", and 10 times as many shares to cheat people with.
And actually got a FEDERAL BANKRUPTCY COURT to sanction all that!!
Are they in anywise stupid??? YOUR GUESS!! Cleverly crooked, yes.
STUPID?? NO!!!
SO, you might ask, why bother with the outstanding public shareholders? Why not just cancel their shares as usually happens in BK?
For one thing, they count on shareholders to help by TOUTing the shares. TOO TOO DAMN BAD that that has not happened!!! You ORDINARY shareholders have gotten a damn sight smarter!!!
Well, hell, your education did not come cheap!!!
AI
