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Re: pennstreet post# 40093

Monday, 05/20/2013 9:49:46 AM

Monday, May 20, 2013 9:49:46 AM

Post# of 45771

A statement with partial truth, yes, Mp and Ts said the G4 would be done, and with Mp's leadership, it NEVER happened. And yes, Mr. Brumfield gave a time frame that was not met either. But, and this bit is mho, had it not been for the dragging out of the Mp leaving, and the 3 forcing the BK, the G4 would all ready be in the market place. But, time will tell if my opinion is right or wrong.

That is not correct. CDEX was allowed to continue to operate DURING the BK. DEBTOR IN POSSESSION. JB assured the court that he had at least three IG4 ready to sell, and in fact had buyers lined up, nearly a year ago.

The LUBBOCK/PEMCO LLC bunch had a condition precedent before they would forward the money. They had to be the only creditors left standing when the smoke cleared. ERGO CDEX continues to operate only because the BK DID HAPPEN.

Ole Crowe

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