Put yourself in MPs shoes. CDEX was bound to go bankrupt. They had no money, and were deeply in debt. He owned a glob of shares..which were worthless. The LUBBOCK/PEMCO LLC bunch were willing to forward some operating money but only if all the existing creditors were disposed with.
WHY WOULD THEY GIVE CDEX MONEY KNOWING THAT THE CREDITORS WOULD SUE FOR PAYMENT AS SOON AS THEY LEARNED THAT MONEY WAS AVAILABLE??
The only choices were like in a crap game... 7 or 11. 11 was possible only if the court would allow it, and the creditors agreed to accept paid shares in the future, which JB assured the court that the WONDER MACHINE, the IG4, would provide the future.
BANKRUPTCY was inevitable and MP, whose name was already mud amongst shareholders either agreed or decided to go ahead and demand payment. He was joined by two others, either unwilling to accept possible shares in the uncertain future, or were in on the plan. NONE HAD ANYTHING TO LOSE. It WAS ALREADY GONE. This assured that BK would happen, since CDEX could not pay up.
So here CDEX is, money dwindling away, nothing really going on, and looking over towards LUBBOCK, awaiting the next move. BUT TO REITERATE..W/O the BANKRUPTCY, CDEX WOULD HAVE NO MONEY and the court would have forced them to 7.
SO MP THE OLD SAVIOUR, SAVED THEM AGAIN...But NOTHING IS FOREVER.
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