Crow3--
Quote:
But the company's chief executive said the company intends to continue operations and emerge from bankruptcy a stronger company.
*** Hum, the company is no doubt low on funds, at least as far as you or I know. But, if they had $300,000 cash and had a debt load of 2.5 million, is that better than ZERO debt and very low cash? And that is if Cdex has not or is making arrangements for cash to be invested. A debt free company is stronger than a company covered up in debt.
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.
*** Hum, imo, the latest SEC filing concerning the three beta test sites says it all. I cannot imagine that money will not come in from the investors with the beta sites in the picture.
So why would ANYONE believe anything at all that the CEO utters, writes or causes to be written??
*** The quick answer........ the one's funding Cdex obviously believe in him, they went and asked him to run the company, and they wanted Dr. Poteet to have the chance to finish the job. It matters not if you or I or anyone else believe, it only matters that those who write the checks believe. Imo, they believe.
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