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Yes, and I think we can put together some stronger calculations when we get some information from the comany. I have put together some numbers that I feel are conservative here the past few weeks. I think 100M right now is reasonable. Note that if this drug does what they say it does, 100M will be a tenth of what this will be worth. We will no more over the coming months for sure.
later bud
BigD
I left $1.5M on the table here. I think I own the IDIOT record.
later
BigD
Why is the market cap not justified? Please explain and support your comment.
Thanks
BigD
latest we wait to find out is 1 month when they issue the 10Q.
I am 100000% sure we are right.
later buddy.
BigD
Good DD would have shown you that the conversion was coming. The debt was o/s and outlined in the 10K and 10Q. I knew it was coming, but I didn't sell either. I though buy preasure would have eaten up these shartes quite easily. I am sitting here with an ass load of shares. I think we will get back to the $0.06 level by next week, if the comany gives us the right news. I WILL DO EVERYTHING I CAN TO GET THAT NEWS.
Sorry you are down bud. The conversions sicks, but it will be the end of it. The company will generate cash flows from now on, and will not have to dilute any further. Even with 2B shares, the pps is stil real cheap at these levels. We should see the highs again following some strong revenue estimates or partnering agreements. I think these are coming in the coming weeks.
GLTY
BigD
big, I think you misunderstand us. We are not bashing. I agree with everything but the flipper comment in your last post. I agree we will be back up very soon here, and fast. I an just trying to explain to people why it has been going down. Unless you have another theory. I have been around this stock a long time now.
later
BigD
sollyman, you don't even know how to bash man. Your post are not well written, and are never supported. Go back to bash school. For example, why is $35M cap not supported? The drug could be worth a billion dollars some day.
but she is
We will have no access to management until next week when they get back. I will post as much information as possible, and push them for PR's. Watch out for conversion dumping tomorrow and time your buy accordingly. The last time before she was done, there was one big short dump followed by a big rebound. We did not look back.
I held all my shares too. I though the conversion would be absorbed MUCH better than this. It was not becasue it was combined with panic selling, shorting, and profit taking. Once teh MM;s have covered, and Chassman is done, we will begin to trade normaly again. Right now, they will not let it go up. This could be tomrrow. In fact, the MM's covered large the past 2 days here.Could be tough going until the end of the week here. Next week should ROCK.
later
BigD
purell, we have got our money where our mouths are.
GLTY bud
I think that when Chassman is done, and because all of the weak hands are out now, we will realy move fast when we get any good news from the company. We need to remember that while the O/S increases as it is here, we need to be careful with our projected pps, as to not create a rediculous market cap expectation. We have a long way to ge here still.
From the last 10Q: Keep in mind that this debt was outlined in previous filings as being received from Chassman. They did not file an 8K with respect to this conversion.
4) In the period from January 1, 2006 through March 31, 2006, holders of Xechem debt converted Xechem debt (in the form of principal and interest) in the aggregate amount of $2,477,000 ($2,329,000 of which is principal and $148,000 of which is interest) into 507,475,000 shares of Xechem's common stock (exercised at conversion rates between $0.0025 - $0.0075 per share). Subsequently, in the period from April 1, 2006 through April 21, 2006, holders of Xechem debt converted Xechem debt (in the form of principal and interest) in the aggregate amount of $242,000 ($239,000 of which is principal and $3,000 of which is interest) into 76,793,430 shares of Xechem's common stock (exercised at conversion rates between $0.0025 - $0.0075 per share). The total conversions from January 1, 2006 through April 21, 2006 represented approximately 61% of Xechem's then issued and outstanding stock.
(5) Through April 21, 2006, Xechem received convertible loans totaling $680,000 from Ms. Chassman and $25,000 from a related party. The notes for these loans are currently in negotiation and will include an interest rate, conversion to common stock features and with due dates of six months to two years.
stocky, I am going to buy it back tomorrow. I wanted to help prop up the pps and get us going today, but it tanked into the close, and it looked like it would be a waste of time. I will try to support any run that starts tomorrow.
later
BigD
Dude, I can tell you how they do it. Maybe they are doing it wrong, but they never file an 8K until after debt is converted. i can walk you throgh all the filings if you like.
Oil, shorts are MM's whol will know and cover before she is done. We should see a very tiny rise in PPS when she is done, and then a HUGE pop the next day. Could be done tomorrow. We will know soon enough.
Dude, you are attacking two of the biggest longs in this stock. Skip and I have been having these same discussions for months. We own more shares than you can ever dream of. We are just having a healthy discussion, so as for everyone to understand exactly what is going on here. We were here through the last round of conversions, and as hard as it was, we watched the PPS explode after Chassman was done. This will happen again here soon. It may just take a couple of more days. I will add more tomorrow.
later
BigD
That is what she is doing bud, converting debt to equity, and then dumoping the shares. They tell us when the loans are issued, but don't say anything about the conversion until after the fact. they are already dumped by then.
Kazin, I don't think finanicng will be an issue here. Dilution will end very soon. I don't think they will use Chassman any more, and I have spent several conversations talking to Burg about this. People need to understand that o/s was about 400M 6 months ago. We are now around 1.5B, and will probably end up around 2.4B after Pandey gets his shares (20% of o/s when XKEM hits revenues of $1.5M per momth). Chassman has been selling into every run. That is why we get the large retraces in the share count. She dumps quick and realy hurts the pps. In toltal, by teh time it is all said and one with, she will have dumped 1.7ish B shares. This is why, she can't hold them all for the run. All she could do was sell at every level until they are all said and done with. Just way too many shres at a rediculous price.
I hope this helps.
later
BigD
Dude, you are making a fool fo yourself. She has converted and dumped nearly 800M shares in the last 5 months. I have been here and seen it. They always tell us after the fact.
http://biz.yahoo.com/e/060208/xkem.ob8-k.html
txprincess, as hard as it is to believe, you need to find some cash and cost average down to the $0.05 range. If you do that, you should be even the next few weeks.
later
BigD
I do not trade any pinks, only OTCBB very selectively.
skip, those of us who have been hear for a while, know exactly what is going on here. Chassman is unloading as she did at $0.03 the last time and took us to a penny. We also know why. We also knew it was coming and that it would impact the pps. I just thought/hoped it would hold up better than this. I belive that the MM's know she is dumping, and are shorting the hell out of this right now. They know they can cover at lower levels, and basicaly share the profit with her. Add to that HUGE profit taking and panic selling, and you get what we have here now. A lot of PAIN.
I am not sure if she is done, and what resistance levels she will not cross. Problem is, she may not sell under $0.03, but if she creates a ceiling there, then we will go below that level. I don't know how many she has left. This could last a few more days.
I sold 1M shares today in the morning (less than 5% of what I hold) - basicaly what I added the past 3 days. The reason I sold, was so that I could buy back if we began to move back up at the EOD, and support the PPS direction into the close. I am not sure if it was a good or bad idea.
Anyway, I think downside risk here is very limited, maybe max of 25%. We are in a similar position as to when we were at $0.01, where the upside potential far exceeded the downside risk. I think now is a great time for people to get back in cheap.
Just some thoughts
BigD
I will do this as soon as he gets back. I think not having him around has been a bit of a problem for me. He has alsways calmed me down. Anyway, I feel great after my work it. Lets figure out what the hell is going on here now.
later
BigD
It is already reported. It is convertible debt reported in the 10Q and last 8K. This is not news, we knew it was going to come. Problem is, they have combined it with some serious profit taking, to kill the PPS.
later
BigD
Need to go work out before I blow a fuse.
I belive we have bottomed here. I feel stupid, that I hung on to all of these shares all the way to the bottom.
Lesson learned for next time on profit taking, when their are profits to be taken.
I believe we turn around tomorrow and close over $0.04. A couple of PR's next week, and we could be back in the $0.07's. It is just so damn hard to stay positive after an ass kicking like the one we just got. I feel num.
Until later tinight.
BigD
I will, but he is not available until next week.
Bud, why are you posting all teh stupid shit about me on RB?
pfrenz, YOU NEED TO GET YOUR NOSE checked buddy. I have lost over a million dollars on paper in 6 days, and I am not sure why? Nor, have I predicted anything right in over a week. Why? And, what is next?
pfrenz, what is your problem? I am as sick as you are. I don't know WTF to do. I feel stuck and sick.
I do not understand what is going on here. I have told you before that I am not an experienced trader. I believe in this compnay long term, I just don't know what is going to happen short term. I could never have imagined this kind of drop. Don't be upset, lets have a REAL discussion.
later
BigD
How high will it bounce bud? I am just amazed at what is going on here. Were any investors in this for the long run? If this doesn't reverse itself soon, I will feel like a complete IDIOT. I am watching until the end of the week, then doing real gut check on this.
WTF hapenned today guys? I have been in a meeting all afternoon, and came out to see this.
I am f.....n speachless.
No thoughts or comments.
We will begin to move up here soon. AS SOON AS THE MM'S HAVE EVERYONES SHARES. Who the hell do you think has bought the 800M shares dumped by everyone here the past few days?
Stupid people selling now, and will buy back at twice the price soon. MM's are getting loaded here for the next run. They will take every share we will give them.
Fear has wiped out all the DD and hard work we have put into this for months now. The bashers and flippers and MM's have instilled so much fear, that people are not thinking straight anymore.
I suggest everyone STOP and go back and review all the material, and figure out again why we are here. Try to ignore the emotional chaos going on right now. We will enjoy happy times again very soon here.
later
BigD
We all know who the DF is here. Again you DF look at the filings and see that they would have to issue about 200M for admin costs to get to the 19B, you DF. Since June 20 you DM.
DM Charlie
Honestly, does anyone here think that the PPS has gone down on fundamentals? This is pure FEAR that MM's have caused by manipulating this stock. We went from overbought to oversold, and will settle down here very soon.
Much good news will come from XKEM over the next few weeks. We need to give them some time to get back from Nigeria guys.
All short termers and traders have now sold and put in buy orders down here. The stupid ones right now, are the ones that have so little faith in their own DD, that they are giving their shares away at the bottom.
I just can believe these guys won. They missed the boat, and still end up with all the shares by manipulating good people.
It is unfair.
later
BigD
Charlie, if you read any of the cmpany filings, you would know that all the dilutive debt coverted could not get us to 1.9B. It is ingnorent comments like this that upset many. Have you ever read a 10K or 10Q for XKEM?
OK, lets try to time the bottom. What kind of advice is that? Do you honestly think anyoine can do that. Or, would you like for everyone to wait until you buy yours first?
trust me, i care for him as much as you do
jeff and arca also buyers today