Replies to post #37860 on Cdex, Inc. (fka CDEX)

[Crow3]

True. But the Judge is not stupid. Or if he is, he has shown no sign of it yet.

We have not seen a reorg package yet. Just JB tryng to stampede the Judge into a summary agreement to allow the Loans.

Once the reorg plan, if ever, is presented to the court..then the creditors get a chance to object..or present their own plan, if any. This thang ain't nigh over yet.

The longer it runs, the less chance that CDEX has to obtain a favourable agreement. The more apt they are to pee on the fire and call in the dogs.

[Crow3]

But keep in mind that the BK Court will try to find a way to go the reorganization route so as to protect the interests of ALL creditors and the shareholders.

As it stands, there is very little in the way of assets to allow creditors to recover anything. Just an Imaginary device for which there has been no sales in the past. Just take a Valimed and slap it into a new sheet metal package.

NO BUENO!!!