The story needs to be told.

What did he accomplish?

I agree with you that Monty took the heat off Pandey.

He led us on for quite a long time then disappeared.

Where does it say that 5 billion shares are outstanding?

Swift sold 5-HMF for about $350,000 and never told Shareholders what he did with the funds.

Someone has to go to jail. First we have to file a complaint with the Attorney General's office. Monte was supposed to draft a letter. Any volunteers?

Is XKEM in the hands of the Attorney General of New Jersey yet?

Thanks Monty. Please post a copy on the board for those whose email addresses you may not have. XI was set up to implode after the development of Nicosan. Hope the DA's would be able to uproot these scammers from the US Capital Markets.

lmf..XKEM listed as XKEM(PN)are there any new developments?

Is there a timeframe for the auction? Has anyone submitted a bid if so who and at what price? What if there are no bids?

Lmf, Any update on the auction? It would be interesting to know how much Xechem India is worth.

Witholding a drug from people who need it is a crime against humanity.

lmf what assets of XI are being sold?

$20 million.

It's about $4.5 million.

The problem we have is the Chapter 7 filling in the US. If we can avert that and have the company emerge from Chapter 11 maybe there's hope. Just my thought.

Is it in order for shareholders to send this article to the Trustee and petition his reversal of the Chapter 7 filing?

http://dailytimes.com.ng/article/xechem-resume-production-sickle-cell-drug

mogul1...If twisting the facts means calling a spade a spade then so be it. I refuse to let any one pull a wool over me eyes. Robert Swift is just a symptom of Dr. Pandey's lack of judgement in signing an agreement with Basu. If you invite a burglar into your home, you can't blame him for stealing your belongings.

I maintain my assertion that Dr. Pandey should be held accountable for setting in motion the destruction of Xechem International. As CEO of a publicly held company, he had a duty to create value and protect shareholders' interest yet he knowingly signed an agreement with a Hedge Fund that eventually destroyed the company then abandoned shareholders.

The fact that he was the CEO of XI while working on the diabetes drug makes it a conflict of interest relationship. That's why he should be investigated to determine whether XI funds, especially the Basu funds were diverted into the diabetes drug research since there were no Audited Financial Statements filed during this period.

My targets for an investigation are Ramesh Pandey and Robert Swift. If they can help avert Chapter 7, reorganize and do what's right by shareholders, we can all put this to rest.

"His" diabetes project should have been developed under Xechem International. He should be investigated to see where he got the money to develop his diabetes project from. Xechem International was stripped of everything, litigated and abandoned by him. Unless this company turns around, he should be jailed for fraud.

I came across this -- http://mycapsules.blogspot.com. Dr. Pandey speaking at NIPRID on February 16, 2011. I thought he was no longer involved.

Me too. I checked in last Saturday afternoon and the pps was $0.13. What a relief it would be.

Mante, what's your new Yahoo email address? Trying to send you an email.

They are not presenting.

Lochute, you're right. "The entire matter is more of a spiritual battle." We need the wisdom of King Solomon to solve this puzzle.

You've said a mouthfull.

Hi Monty. Keep me in the loop pls. cd7059@gmail.com. Send all correspondence to date. Thanks.

Yes indeed the site has disappeared. The drug he's developing doesn't belong to him. He should turn over Cosmid to XKEM shareholders.

Fox, do you have name and phone number of the person to contact?

Since 5-HMF was sold by court order how do we re-acquire it? Do we file a petition to the court?

Looks like all class action firms work on contingency basis and draw their fees from settlement so we can engage a firm.

Yes. Why don't we start searching for one.
I'll do my part.

We're going to need a lawyer to decipher this and advice us on what to do.

Thanks Fox. It has to be in an organized fashion though. Those with know-how should assist us in getting started.

Reason why we should consult with a law firm before it's too late.

Monte, should we talk to Lane about a CAL or should we look for a firm?

Thanks. Now do you think we should contact Lane or should we find a firm that can represent us?

Monte, what's your take on CAL? We need guidance just in case things don't work out.
Thanks.

Good question Larry. I think we should start by asking Lane for direction since he has all the facts. He may know a firm that can help us. Let's get out an email to him

It's not too late to file a CAL. We believed Swift when he said he was going to restructure the company's debt and emerge from bankruptcy. We gave him a chance only to learn that he absconded with the company's IP and started his own company producing a copy of the company's drug without informing shareholders. He sold 5-HMF and pocketed the proceeds without telling shareholders about how the funds were spent. We also know that $7 million of private equity funds was received by Dr. Pandey and shareholders were not formally informed about how these funds were spent.

We are waiting for the outcome of the bk proceedings. If the verdict is not in our interest, we'll start a CAL.

We may have to file a class action lawsuit against AesRX, Cosmid, Swift, Burg and Pandey. This option is open. That's our Plan "B".

In what ways are XKEM shareholders going to benefit from this? Please explain.