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If we do get the bid,I suggest a PR to all shareholders announcing the status of the company............wonder how the share price would react.
With the high respect that Dr.Pandey has in Nigeria this should be very easy for us to take control of Xkem again.
Funny how nobody has heard from the great Swift
Is the plan to develop the new diabetes drug at the Xkem facility in Nigeria.
That's why this situation can not be delayed much further, we need to start producing Nicosan
You should send it to Swift
maybe you could talk to him and include him in the plan, he should have valuable information on the ongoings at Xkem
Good to hear from you, looks like this week we will all know were we stand.
Don't know what a walk out would do since the employees are are with no power and haven't been paid.
Can't recall in history when a consultant took over a company with a drug that should have been a no brainer to sell and drove everything into the ground.
Way a go Swift you just made history......you and everyone that knows you should be proud.
The silence is killing me
So the next update from Lmf should be ..............they have accepted our offer.
SCDAA Ambassador: Tionne "T-Boz" Watkins
Isn't she on the apprentice, she has the disease also. Would be great if the did a little episode on it.Wonder if this is the charity that she is supporting on the show.
She also has a web page, someone with good writing skills should contact her and let her know that there is NICOSAN.
These are questions that should be asked in court, would like to be there to see how they answer. The time is getting close to see our future
This must be a record for the day....no posts guess everyone is waiting for the big news
Morning, Spring is almost here.......
You tell them Lmf, I think Swift was spotted with Osama hiding in a cave
Couldn't agree with you more, why start over when you already have the drug all this needed was for him to more his a$$ and get the sales.................a total waste of people time this Swift is.....he should get a job has a dish washer but then again he might break every dish forcing the restaurant to go BK.
As soon as the Q disappears from the symbol with a nice PR should attract alot of attention.
Thanks again Lmf, so in a couple of weeks we should see were we stand, since Dr.Pandey is highly respected in Nigeria don't see a problem getting the support we need from Nigeria, Swift may have a problem since he didn't do much in that country.
Lmf, when is the new restructuring plan going to be presented
Thanks Lmf, that does clear a few things up.
Thanks for the post Lmf, but there is alot I and probably more on this board that don't understand about your post. Xkem international owns Xkem Nigera didn't Xkem International go BK and not just Xkem Nigeria. It sounds like only Nigeria went BK a subsituary of Xkem International.....how can that be.
If they sell the Nigerian stake what could they get for it when there is nothing there but a facility that isn't even producing.
You stated if Xkem Nigeria is sold to another bidder, Xkem International will have to produce a copycat of Nicosan, I assume that's what you are saying since the Nicosan license is what is really being sold to the highest bidder.If that is the case Swift is still running the show of Xkem International, so were does that leave all the shareholders back to square one with the crook, who seems to be in hiding.
Just the way I read your post, sorry if I misunderstood your post.
And there is still no news if the license was extended
Morning everyone, can we know how many creditors are in favor of the new restructuring plan if possible. The creditors are the ones that could make or break the deal
Bank PHB is a Nigerian Bank that has been hired to find a buyer for the stock.
Now how many buyers do you think will buy this company, you would think if there was a serious buyer they would have tried to buy it long ago. So our chances look pretty good.
Thank you, that does clarify it.
Count me in, if all goes great.
Since there is no activity in Xkem facility guess Vixen isn't getting Nicosan also the three states that were buying........shame, that's why the process has to move faster, but when you deal with the courts nothing anyone can do but wait.
This process can't move fast enough, if we do get the company back............at what terms who knows. But the second step is to remove the Q from the ticker then file the finacials, in which those shouldn't take to much time to do since all the numbers will be known.........then we should see some action on the stock.
Are we the shareholders going to see the proposal before they show the court. Would like to see what happens to the share structure in the proposal.
Bankruptcy Update
The next hearing date is March 20 - the subject is the sale of the stock in Xechem Nigeria.
The next deadline in the case is March 2 when Bank PHB (the Nigerian Bank that is supposed to be finding a buyer) must tell Xechem the identity of the highest bidder.
Sorry for not understanding the above, but what Nigerian stock are you talking about.
And Nigerian Bank finding a buyer for Nicosan or Xkem Nigeria the subsiduary that Xkem USA owns
About being kept in the dark, is it possible that Swift has kept his lawyers in the dark and they don't even know it. What do you think Swift told his lawyers.............yes sir we can't pay our debit because we find it hard to sell the only one of a kind drug in the world of it's kind....or yes dear lawyers I'm trying to kill this company so I can benefit from it's fall.
Swift's lawyers only know what Swift has presented to them.......NOT THE FACTS talk about taking them for a ride and making them look foolish.
Good morning, hope every one had a good family day yesterday.We must be close to submitting the restructuring plan.............no updates
If nothing coming out of Xkem so much for the three states that were buying Nicosan. That's why yesterday I asked how long roughly all this would take..............any court date set. Like to know were Swift is hiding, he should be proud of his accomplishments in destroying a company that provided relief to the sick.
Lmf good to hear from you, any idea on the time line of what you and others are trying to achieve in saving the company. We all know it takes time, but with all those suffering from this disease time is something they don't have. Just asking when you think a restructuring plan will be presented in court.
We all know the other lawyers would love to keep this ongoing for years, that's the only job in the world win or loose they get paid.
I also don't have any idea, but it seems that some or most of us that lost everything and now can't afford a cent at the moment to have an attorney represent us are out of luck also. Guess the millions of shares we all own don't matter, at least that's the way I read it.
Well one out of two ain't bad I guess
Since Swift is in charge of Xkem and even though the facility is in a different country, Xkem is still a US company and up to Swift to make sure he complies with the court order. If someone does not follow through with a court order isn't there usually a order for their arrest. That's like slapping the legal system in the face, should tell the judge a whole lot of what kind of board members we had to deal with, and how Swift thinks he is above the shareholders creditors and the law.
By the way who is paying for all the Swift's legal fee's.....are we (Xkem)
You know what they say......what goes around comes around.
Lmf not been allowed in the facility even with a court order could be a blessing like to see the expression on the judges face if this doesn't raise suspicion nothing will.
Can you imagine having this sort of exposure if Xkem was up and running, we would have to built another facility just to keep up with demand
Lmf maybe in the business plan it should include firing all BODer's and forming a new board.....which include most of the creditors.......banks included