Oh please continue to speak...
Speaking of lying, how exactly did Ryles get to participate in the arbitration?
Ask one of the chief lairs at CDEX....
What a stupid plan, if that is what Cdex did. I mean really stupid.
You mean not paying it's employees and breaking state law.
You dang right the Attorney was confronted before the default of the notes. That is a NO brainer, if the CEO is qualified to run the company. Who in their right mind just sits on their butt and does not anticipate the unpredictable? There were problems with 3 people before the attorney was spoken too!
That particular attorney, requires an up front retainer for services, 25 thousand wasn't it, Ask Jason.
lol, and how is it, that was NOT already known, lol.
Must have missed the press release prior to the bankruptcy announcing to all that Brumfield was working with screwrat and others on a plan to dump it's debt. Worked for Brumfield once, so.....
The uplift in shares is a joke. Why you ask, simple, if the funders were out just for themselves, they would have just let the company go chapter 7.
The uplift was to allow CDEX to continue to sell the only product it has ever had, worthless shares.
There was no money in the Cdex account to mention. The bankruptcy would have left every one with nothing. No money no shares, not nada.
So where did 35 million dollars over the years go? Everyone?, or just the unwashed , certainly not Poteet, McCommon, Brumfield and screwrat?
The funders could have then came in and paid a lot less than they funded, and bought the defunct Cdex.
Could....., they did. What did the court call it, oh that's right "a loan to own scam".
They could have taken the company public or private, gave themselves millions of shares for a much much smaller investment.
Well, at least that was the plan, but stuff happens, hey.
I would have went to Gemini and definitely kept them in the mix. I believe that company has a few very sharp business men, imo.
You are kidding me, bet they wish they had never heard of CDEX. Those attorney fees do add up. Not to mention the worthless certificates they received.
The ultimate kicker, came when Ryles and Philips sent their demand letters, which left Mr. Brumfield absolutely NO option.
Demand letters? You do know that CDEX defaulted on it's notes. Try that with a bank and see what happens. Bet you get sent a demand letter too.
lol, it is so obvious that Mr. Brumfield and the funders did all they could to keep shareholders involved.
Are you speaking of 8 million shares Brumfield, or who,certainly not "I been in this for 12 years" capn wow and the other true beleivers.
No doubt the easy way out,,, and greedy way,,, would have been Chapter 7.
It will be.......
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