Cdex, Inc. (fka CDEX)

[Crow3]

REMEMBER...THE LUBBOCK/PEMCO LLC bunch offered to loan/give cdex operating money if they were the ONLY secured creditors.

The JUDGE would not allow that to happen right away until he was satisfied that all that could be done to rescue the UNSECURED creditors was done. ERGO the money gotten from the said bunch was put into an escrow account pending approval of the cdex reorganization by the judge.

Objections from the Trustee and others had been raised that had to be satisfied before the Judge would give his approval.

Also the proposed cdex reorg had to be voted on and approved by MOST of the creditors. (Ordinary shareholders had no vote because the reverse split did not change their RELATIVE position in the company. what little they had left was unchanged percentage-wise)