Actually from the wording of the announcing, though as if written by a weasel, it appears that PAYNE never paid any money to start with. Just promised to pay money. You are right, though.
If he had actually paid, he would have had to sue to get the money back.
CDEX could have sued him for the money,for breach of contract/specific performance..since he had signed up as a SIGNATORY. But I doubt that they wanted the publicity. It would have shown CDEX as selling IMAGINARY STUFF, just as they were trying on selling the IMAGINARY G4 to PP buyers.
Also, PAYNE may not be a person safe to mess with. He had learned too much as a member of the BOD and a LUBBOCK homebody.
