Why did the creditors sign off??? They knew that CDEX had no money, therefore they could never collect. If it went chp 7 they SURELY could never collect w/o proving fraud, and then could never collect from the company..they would have to collect, if ever, from the individual perps. By name.
Throw good money after bad.
Being assured by JB and them that they had this hotshot G4 which would eventually make all hunky dory, they could X the dotted line at no cost to them and have a far outa sight vague chance
that the shares could be worth something eventually..., of course, they signed.
Despite what has been BRAGGED HERE by some, By signing, they demonstrated NO faith in CDEX management. They merely took the easiest path to closure. They had already licked the wounds.
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