Amanita:
Speaking of lying, how exactly did ryles get to participate in the arbitration?
What a stupid plan, if that is what Cdex did. I mean really stupid.
You dang right the Attorney was confronted before the default of the notes. That is a NO brainer, if the CEO is qualified to run the company. Who in their right mind just sits on their butt and does not anticipate the unpredictable? There were problems with 3 people before the attorney was spoken too!
lol, and how is it, that was NOT already known, lol.
The uplift in shares is a joke. Why you ask, simple, if the funders were out just for themselves, they would have just let the company go chapter 7.
There was no money in the Cdex account to mention. The bankruptcy would have left every one with nothing. No money no shares, not nada.
The funders could have then came in and paid a lot less than they funded, and bought the defunct Cdex.
They could have taken the company public or private, gave themselves millions of shares for a much much smaller investment.
I would have went to Gemini and definitely kept them in the mix. I believe that company has a few very sharp business men, imo.
The ultimate kicker, came when ryles and Philips sent their demand letters, which left Mr. Brumfield absolutely NO option.
lol, it is so obvious that Mr. Brumfield and the funders did all they could to keep shareholders involved.
No doubt the easy way out,,, and greedy way,,, would have been Chapter 7.
AI
