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If they go BK and get deregister whats the point in filings
It's funny how Swift is so quick to PR negatives but when it comes to some sort of positive news (states buying or what ever) we get nothing.
Don't know why some one would convert and force a company into BK......so Swift states
Since no debentures have been converted at the present time wonder who was doing all the selling and buying lately.
For that amount of shares that I have that cost me over 60 grand, I rather loose all of it them sale them for a couple of thousand bucks.
Another bad PR, that seems all we ever get.........wonder if this is the last chance Swift gets to scare holders to sell shares. I'm sure alot will sell all they have on Monday.
Looks like Swift is saying that if they convert debentures to shares they better think twice because that will force them to file for BK.
If they convert all with give them about $747,000, but the company has the right to only convert 10% which is 74,700.
Any one can make a list on how to change the world but executing whats on ones list is a totally different challenge.
I'm sure pandey had a list when he was in charge and look were we are today.
What a great business plan, I should post my plan on how to make this world a better place.
Thanks DD for clarifying who brought Swift in, I guess Basu and his investors aren't to happy to have chosen Swift to represent them as one of the BOD'ers or maybe it could be part of the master plan.
Very weird trading pass few days, nothing for hours then bang 10 20 30 million, if some one is trying to gather shares you would think you would see a steay buying and selling
Anyone here still accumulating, if so are they getting filled
Sure ok I would like to see Pandey's plan send it to me via email panimj@gmail.com
You stated we are trying to get a shareholders meeting set up who are WE
You don't need a proxy to appoint some one on the BOD's, I believe Pandey brought him in, once in he has the influence to vote out other board of directors as in the case with Pandey.
Morning, Lochute if insider or people close to insiders are buying up all the shares they can get, who is selling all those shares to them. On a good note that means we should start to get some kind of positive news. Could be after the court case is finished in about a week or so.
Proxy Solicitation
Or:
How to Get Shareholders to Vote for Your Resolution
Proxy solicitation is the process of garnering votes and support for your resolution. The proxy solicitation process of comprised of several steps, including: identifying the shareholders or proxy voters, creating solicitation materials, and contacting fellow shareholders. Proxy voting services and professional proxy solicitation services may also be used to maximize support for your proposal.
Identifying shareholders
Financial databases: Members of the financial services community can access lists of large shareholders through database services such as Bloomberg, CDA Spectrum, ADP or Nelson. Information providers such as CDA Spectrum offer one-time searches for a fee of few hundred dollars. Otherwise, a friendly financial services firm may be willing to do a Bloomberg search for you to identify shareholders.
Stock in "street name": Sometimes shareholders are difficult to identify because their shares are held in the "street name" of the bank or investment company managing their assets. For example, a foundation endowment may not be listed as "The Jones Family Fund," rather, its shares would be under "Putnam Investment Company," the foundation's asset manager.
Getting the list from the company: Under SEC rules, you can obtain a list of shareholders from the company if you'll be using the list to solicit votes for a resolution that year. Within five days a company must either provide you with a list (names, address, number of shares held) or mail the solicitation materials out for you, whichever you request. If the company mails the materials for you, they will charge you to cover their expenses (reportedly the average is about $17,000). The company also has to provide you a profile of those shareholders they plan to solicit. In turn, you must return the list when done, provide proof of ownership, and sign an affidavit promising that you'll only use the list for solicitation purposes for the specific resolution and that you won't share the list with others. See SEC rule 14a-7.
Picking the sympathizers: A full solicitation is costly and/or time-intensive. When reviewing a list of institutional investors, identify public pension funds, universities, and socially responsible funds that may be more sympathetic to your proposal, or more influenced by lobbying (either by you or by their constituencies). Conversely, some investors, such as traditional mutual funds, are difficult to lobby effectively.
Identifying the proxy voter: Institutional shareholders may have specific personnel who vote proxies, in-house or contracted out to proxy voting services. Make sure to contact the proxy voter during solicitations. Many investors do not vote their proxies until the week before the annual meeting, and may have hundreds if not thousands of resolutions to vote upon, so make sure to bring attention to your particular resolution. On an ongoing basis, it would also be helpful to talk with those at the institution responsible for creating proxy voting policies, the guidelines an institution uses when voting for or against proxies.
Creating proxy solicitation materials
Rule of thumb: As always, no false and misleading information is permissible. Back up your assertions and reference facts. State opinions as such.
Sample proxy solicitation letters: A typical way in which proponents notify other shareholders of their of resolution is through a "Dear Shareholder" letter. Consider how a professional designer or clever copy can make your solicitation materials more eye-catching or attention-grabbing. Please click on the links below for sample solicitation materials for:
Dear Shareholder letter and brochure for Maxxam (professional layout and design make these solicitation materials eye-catching):
Maxxam Proxy Solicitation Brochure
Dear Shareholder Letter for Maxxam Corporation
Dear Shareholder letter for Home Depot and Enclosure:
Letter to Shareholders from Trillium Asset Management - May 10, 1999
Fact Sheet - Proposal No. 4: Report on the Phase-Out of Old Growth Timber
Dear Shareholder letter for global warming resolutions and Enclosures:
Letter to Shareholders from Interfaith Center on Corporate Responsibility
Exxon Global Warming Resolution - 1999
Mobil Global Warming Resolution - 1999
Ozone Action Fact Sheet - Business Leadership on Global Warming
Ozone Action Fact Sheet - Scientific Consensus on Global Warming
Fact Sheet - 1999 Shareholder Resolutions on Chlorine-Free Paper
Dear Shareholder letter for Occidental Petroleum and Enclosures:
Letter to Shareholders from The Sinsinawa Dominicans - April 14, 1999
Fact Sheet - The U'Wa: Occidental Shareholder Briefing
Timeline: Occidental Shareholder Briefing
Media: Occidental Shareholder Briefing
Dear Shareholder letter for Dollar General Corporation and Enclosures:
Letter to Shareholders from the Calvert Group - May 5, 1999
Dollar General Stockholder Proposal #1
Dollar General's Board of Directors' Response
Generating votes through ads: sample advertisements for General Electric, Maxxam. Take out ads in national papers or in the local paper where the company is headquartered. Company employees sometimes hold significant numbers of shares.
Generating votes/ raising awareness through media: You can also generate press for your proposal 4-6 weeks before the annual meeting, when investors are voting their proxies. For example, an article on environmentally responsible shareholder resolutions appeared in Pensions and Investments in 1999.
Generating endorsements: Getting public endorsements from leading institutional investors can be key. See for example, a "Dear Investor" letter from CalPERS and Comptroller of the State of New York endorsing corporate governance resolutions at Maxxam, and accompanying press in The Wall Street Journal and The Chicago Tribune. Also, endorsements from shareholder advisory firms, such as Institutional Shareholder Services, can give resolutions a boost. (see 'Proxy Voting Services', below)
Mailings versus visits and calls: Phone calls and personal visits seem to be far more effective than simply sending proxy materials without follow-up. Consider personally calling or visiting key institutional investors to build a relationship and make your case.
Proxy Voting Services
Institutional investors may hire an outsider proxy voting service to review and vote their proxies each season. Make sure to notify proxy voting services of your resolutions. The more financially relevant and corporate governance-related your resolutions are, the more votes you will likely receive.
Some firms, such as Institutional Shareholder Services, provide proxy voting services along with influential advice, particularly on corporate governance issues. As many institutional investors vote their proxies according to ISS's recommendations, it is important to make sure ISS receives good data and information about your resolution.
Firms like Proxy Monitor tend to be more friendly to environmental and social issues.
Companies like IRRC, Investor Responsibility Research Center, also provide proxy voting services, particularly for American shareholders of foreign companies.
Proxy Solicitation/ Investor Relations Services
You may hire professional proxy solicitors or investor communications firms such as ADP, Georgeson or Shareholder Direct to perform proxy solicitation for you. Though they tend to cost thousands of dollars and typically have companies as clients, they can put together effective materials, tap their contacts, and provide expert solicitation.
Being Realistic About Goals and Votes Received
Remember that social resolutions typically gain relatively low votes. Even during the peak years of the anti-apartheid movement, South Africa divestment resolutions typically won under 15% of the vote. Also, some companies are "closely held," that is, the majority of their voting stock is concentrated in the hands of insiders, such as top management or family members.
Normally a company or investors need a share holders list in a hostile take over, so they can send proxies out to those shares holders to ask them to vote in favor of the take over.
Why would he spend a few months getting a share holders list for? Yes the way you posted implies that
So you are implying Pandey is planning on a hostile take over with the backing of the share holders.
If some one is buying all those shares, who would sell all those shares
It wouldn't be much of a hostile take over.
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Ya for me also
You got that right, I remember a guy falling out of a helicopter, can you say Brex
To me that don't make any sence, Any compny would put out a few positive PR'es before dumping. Why would a company dump when it's this low, knowing one PR would send this PPS popping
The PPS is .0006 not in the teens or dollars, how much lower does he want it, if there was to be a buyout.
Other stocks with no substance are in the pennies and teens.....amazing
I totally agree, but this is Xkem being run by Swift, All I am trying to say is if Swift can't update us on certain aspects of the company do you really think the site is a priority.
Yes the site would help alot of people at least finding out about Nicosan..............but then again Swift has shown us what kind of scientist he is with no regard for human life.
Wonder were Basu sits in all of this, with 7million invested if he though his investment was toast he could very easily pull the plug and force Xkem into BK. Same with the banks why not try and salvage what they can get.
The banks could very easily take over Xkem and try and run it.....hiring a few in the field.
The site would have stated updating or under construction, with a company that is giving us no news only the negatives, I didn't expect them to update the site with news. So why bother having a site.
I bet there is alot of positives going on, but they reluctant to give it out.
Who cares, I think a web page is the last thing on the list
Do you know this as fact, if you do you must have some contact who is filling you in.
"Changing Tomorrow."
He should have called it "What should have happened Yesterday"
There must be alot we don't know that is going on behind the scene, if nothing positive all this time I'm sure we would have heard about it already. But since it must be positive we wont
Are markets closed today in Canada and US
Seems like everyone is running the same story
Here you go, it clearly states AN INTEREST
The Company recently borrowed $28,676 from Dr. Swift and he posted a letter of credit for an additional $118,255 to secure a certain obligation of the Company, secured by an interest in its contract with Virginia Commonwealth University for the licensing of 5HMF. The loan calls for repayment within 90 days, subject to a 90-day extension. Dr. Swift has accrued compensation from the Company since his appointment as Chief Oversight Officer of approximately $152,500
Yes I'm sure, I will look for it and post if I find it about Swift only getting a percentage of the licence.
Anyone of the BIG creditors can force Xkem into BK by demanding payment.......that usually what causes a company to seek protection. Has any of the banks demanded payment, as far as I know Swift was negotiating the loans, probably already has. And how about Basu, it's not in any one's best interest to cause the company to go BK.
If the company was going BK they would have already, no creditors are forcing the issue or are demanding payment were it would put Xkem in BK protection, they realize if the company goes BK they would get nothing but see the potential Xkem has with Nicosan.
Swift protected his investment with the 5HMF , but only has a percentage of it he will not own it outright.
Before or afterhours
Buy looking at what you posted there is an afterhours trading and is at .0009 or is that just an order that wasn't filled and shows up afterhours. Glad to see we at least closed at .0007 up for the week.
Anyone know how many shares were bought at 8-9
I don't know about that, Swift is sure bluffing his way.
I heard the same thing but it was .65.
And market cap moves with the price of the stock, stock goes up so does the market cap
Lets keep our fingers crossed that it stays up