Cdex, Inc. (fka CDEX)

[Crow3]

Of course they were "Built"...several years ago.LOL!!

Here is what the CEO and his lawyers told the court on Apr 5 way last year. He had asked the court for money as debtor in possession to get the G4s ... nearly ready .... on out the door.

MR. SPARKS STATES HE HAS SPOKEN WITH SEVERAL CREDITORS, AND THE DEBTOR HAS FILED SUPPLEMENTAL
DOCUMENTS. THERE HAVE BEEN NO OBJECTIONS TO THE USE OF $275,000 FOR 60 DAYS. THE DEBTOR HAS FILED
BUDGETS, AND HAS A NUMBER OF CONTRACTS WHICH WILL GENERATE IMMEDIATE CASH FLOW. THE PLAN WILL BE ON
FILE WITHIN 30 DAYS. HE FEELS WITH THE CASH FLOW PROJECTIONS PROVIDED TO EVERYONE, THE DEBTOR WILL
GENERATE ABOUT $600,000 PER YEAR.
COURT: WHAT IS THE LONG-TERM OUTLOOK FOR THIS CORPORATION?
MR. SPARKS STATES $275,000 WILL GET THE MACHINES OUT THE DOOR, AND MONEY WILL BE GENERATED.
The Debtor has the current status of debtor-in-possession pursuant to Sections 1107 and
1108 of the Bankruptcy Code.
4. Debtor believes that the assistance of special counsel is needed.
5. The scope of the representation of special counsel shall include drafting and negotiating
contracts and agreements between the debtor and third parties, including but not limited
to the following: purchase agreements for hardware, software, supplies and technical
services; dealer agreements, sales and commission agreements involved in the marketing
and sales of CDEX products and services; independent contractor sales and marketing
agreements; employment agreements for CDEX personnel; equipment agreements for the specific use and warranty disclosures on the various CDEX products.