TheBuzzard,
Good find Buzzard.
This part seems loaded for questions:
" "Although the Company has worked closely with its noteholders and other creditors and constituents over the past year, which led to the reduction of certain obligations, the Company needs to complete its comprehensive restructuring due to its current inability to negotiate restructuring terms with all noteholders," said Jeffrey Brumfield, Chairman and Chief Executive Officer of CDEX."
Mr. Brumfield continue's to be truthful at every level of every PR he puts out. But imo, this sentence says alot.
I will point one one that is so very obvious..... from the day Mr. Brumfield walked into the pig pen that Mp and Ts had allowed the Cdex office to become, he has busted his behind to try and find a way to work with the noteholders and other creditors and constituents that he INHERITED from Mp and Ts. As EVER person ever involved with Cdex knows, Mp called EVER shot that was taken at Cdex from 2001 until the current Team came in September 2010. A mess no one could understand, unless you had walked in that filthy office and saw it for yourself. Then there was ALL the debt to deal with.
And, as EVER SEC filing clearly shows, Mr. Brumfield did and was continuing to try, to get the Cdex debt that he inherited under control, while at the same time, working on patching up relationships that had gone bad, or completely gone away..... AND Mr. Brumfield and team were upgrading the ID2 and completely started from scratch, the G4.
Without doing anymore observation from this one sentence at this time, I will stop here and let others give their one cent.
da digger
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