Replies to post #42568 on Cdex, Inc. (fka CDEX)

[Crow3]

But the company's chief executive said the company intends to continue operations and emerge from bankruptcy a stronger company.

It has been awhile since the reorg was approved. The Company is not stronger, it is broke again. Awaiting money from the OIL patch. Which most likely will never arrive, Why should it?? NOTHING ON THE MARKET.

So why would ANYONE believe anything at all that the CEO utters, writes or causes to be written??

[Amanita]

CDEX INC investors lose everything!

CDEX Chairman and CEO Jeff Brumfield said the company was forced to file for bankruptcy reorganization after failing to win the approval of creditors on about $2.5 million in unsecured debt remaining on a $4.5 million note.

"win approval of creditors" in other words instead of the money owed them the creditors were offered what?



Here's a clue what they were offered:

"Last June, the company announced that its debenture holders converted about $1.9 million worth of notes to 22.2 million shares of common stock."

So, take some worthless shares in this SCAM for the monies you are owed, the monies that went into what? That's right the pockets of the perps, like poteet and bumfield and McCommon.

Brumfield said 14 of the 17 individual investors backing the original note agreed to restructure the debt, but without the full cooperation of the noteholders the company was unable to proceed

Seeing the list of note holders in the bumfield caused bankruptcy indicates that it was all former employees a VP, the ex CEO and an engineer who rejected the wall paper for cash offer made by bumfield. I bet the others like old Robert Stewart and of course bumfield himself lost their collectives butts (hilarious). It tells all future investors that it was former insiders who knew the truth of the SCAM and rejected the idea that they be treated just like another sucker investor. And so it goes.

A smart CEO would have cut a deal with these former insiders, however that is another truth that investors are aware of , that bumfield is not the brilliant business savvy scion you seem to think he is but rather just another loser running from his own business failures and bankruptcies dragging his special needs a job kid with him.

Still there it is again, what did bumfield do to keep this from happening, nothing. The plan all along was to bring in someone with bankruptcy experience, someone who was a pro at losing. ole jeffy.

By the way no one believes bumfield's lies in any form, especially his own press releases.