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xkem needs 3 million?????
anybody notice the "or"
suggests to me that they only need 3 million
if the other conditions are not met
The Purchase Agreement contains certain limitations as to application of the proceeds of the offering and further limits the release of in excess of $1,500,000 to the payment of past due payables on the occurrence of one of the following “Release Conditions:” (i) the closing of the current Nexim Bank loan commitment to Xechem Pharmaceuticals Nigeria, Limited (“Xechem Nigeria”) for the funding of at least $325 million Naira (approximately $2.6 million US dollars); (ii) the closing of funding of at least $9,000,000 of the proposed $9,388,980 UPS Capital Loan to Xechem Nigeria, to be guaranteed by the Ex-Im Bank, which in turn is to be supported by guarantees of one half of such amount by each of Diamond Bank PLC and Bank PHB, PLC, which are local Nigerian banks; or (iii) the funding of at least $3,000,000 of equity financing by Xechem Nigeria.
revenues for 07 08 09
anybody care to hazard a guess
assuming construction finishes Q4 07
thanks Traz
http://www.pennypickers.com/xkem_model_traz.xls
happy its heading down
Gives me time to get funds for another million
page 28 interesting piece on nigerian offering
Pandey puts his money where his mouth is
Pandey Pledge Agreement. In order to induce the Purchasers to purchase the Units, Dr. Ramesh Pandey, the CEO of the Company, agreed to pledge to the Unit holders, effective as of the date that the indebtedness of the Company to Alembic, Limited is satisfied, 100% of the beneficial ownership in PRC Holdings, LLC and PCR Holding Company, Inc. (collectively, the “Pledged Interests”), which hold, collectively, 25% of the beneficial ownership in Vineyard Productions, LLC (“Vineyard”). Vineyard is the entity that owns the office building complex in which the Company’s offices and laboratory are located. Dr. Pandey shall be entitled to a release of the Pledged Interests at such time, if any, as the Company either pays off the Debentures, or posts cash collateral (or the substantial equivalent thereof) of $1,500,000 to the holders of the Debentures.
margin question
i want to use margin for two weeks untill funds clear
broker is my track
any advice on what steps i have to take to organise margin
is it as simple as a phone call
remember filling form when first setting up account
i want in below.03
i have upped my target from 3 million to 4 million shares
tia
Scam is gone
investor groups
bank loans
construction
ramp up ramp up ramp
personally would love to get back in at .03 in ten days
wont happen
good question
possable futher dilution?
reserve at all times a sufficient amount of Common Stock to enable it to meet its obligations under the Purchase Agreement (it should be noted that the Company adopted a resolution to not issue in excess of 3,500,000,000 shares of its authorized Common Stock without the approval of shareholders as to such increase, and in the event the Company is unable to meet this obligation, it has an affirmative obligation to obtain shareholder approval promptly following the reaching of such level
Hinchback is your man
he knows how to do dd
so he informs me
mets drift bid dady hinch all the boys in the know
looks like ups is a done deal
The Purchase Agreement contains certain limitations ” (i) the closing of the current Nexim Bank loan commitment to Xechem Pharmaceuticals Nigeria, Limited (“Xechem Nigeria”) for the funding of at least $325 million Naira (approximately $2.6 million US dollars); (ii) the closing of funding of at least $9,000,000 of the proposed $9,388,980 UPS Capital Loan to Xechem Nigeria, to be guaranteed by the Ex-Im Bank, which in turn is to be supported by guarantees of one half of such amount by each of Diamond Bank PLC and Bank PHB, PLC, which are local Nigerian banks; or (iii) the funding of at least $3,000,000 of equity financing by Xechem Nigeria.
well done boys
no reverse split on the horizon
(vi) the prohibition against a reverse or forward split of the Company’s stock for a year following the effectiveness of a registration statement registering the shares underlying the Units absent the consent of the holders of a majority of the Debentures.
well said altough
IM selling a property to get stuck into xechem
two week wait for funds to go through
.03 is good for me
Xechem keeps delivering eom
4 million plus
sufferers at least in Nigeria
growing by 90,000 per year
no competetion.... bone marrow transplant too expensive
Xechem allready selling non toxic /78% effective drug
.68 cents a day to treat a sufferer with sickle cell
ramping up production as we speak
further massive increase in production by 4th quarter 07
XBOOM
http://www.annalsnyas.org/cgi/content/abstract/565/1/126
would love to see this man endorse nicosan some time this year
http://www.sicklecellfoundation.com/directors.asp
professor Akinyangju
Pre purchase
Many think after construction is completed
with elections stranger things have happened
Q4: Do you believe the government of Nigeria may step up and agree to
provide financial support to Xechem in one form or another?
A4: In my judgment, the government of Nigeria has an incentive to
offer financial support to Xechem for at least three important
reasons. First, we have licensed our product from Nigeria's
National Institute for Pharmaceutical Research and Development
(NIPRD), which stands to benefit directly from our financial
success through the gross royalty they will receive from the sale
of our product. Second, there is no place in the world where
NICOSAN(TM) is more desperately needed than Nigeria and I believe
that the government has a strong incentive on humanitarian grounds
to help insure that the drug reaches as many of its citizens as
can be accomplished. And third, Nigeria is working very hard to
improve its image internationally and to promote corporate
investment, especially by American companies. The government of
Nigeria knows that Xechem is being closely watched by investors
and others in the business community who want to see if an
American company like Xechem can be truly successful in Nigeria.
For all of these reasons, I believe that the government of Nigeria
would consider offering Xechem substantial financial support in
one form or another under the right circumstances .
Q5: Has Xechem already approached the Nigerian government about the
possibility of providing Xechem some form of financial
accommodation?
A5: As with many aspects of the development of our business, until our
drug was formally approved by the regulators in Nigeria, it was
impossible to have meaningful dialogue concerning possible
governmental support for Xechem in whatever form. Now that the
drug has been approved, those doors have been opening, in some
case widely, and that has been the case concerning possible
governmental support. While I cannot speak to the details of those
discussions or comment on the possible timing or likelihood of
working directly with the government to support our operations
financially, I can say that we are having high level conversations
with government officials concerning a possible pre-purchase of
large scale quantities of our product for distribution by the
government in the country's national hospitals.
Bigdaddy in his opinion
thinks the investor group deal is signed and sealed......i wonder will it be delivered this week.
Anyone care to hazard a guess
http://www.tribune.com.ng/27022007/biznes.html
yes i agree
2 to 4 million tablets per day when production gets under way
I assume thats when construction is finished.
Xechem are delivering on their promises we dont need ceo to make outlandish miss leading claims....no fluff prs bull s..t news paper articles needed
imo
Spot on Goldrush and Shane EOM
Hinch you were telling me how you did your dd in 05
any pointers for me in decipering sec filings ?
Did you know all about chasmann and blech in 05?
tia
yes i know that Hinchback is a veteran here and i reckon hes just playing around a little.
Ive a much hire average than most,not a flipper
and genuinely want to learn all i can about this stock
Im sorry Hinchback
its news to me that nicosan is being sold in the states
http://www.tribune.com.ng/27022007/biznes.html
wow after one year i finally learned how to copy and paste
2 to 4 million tablets daily....its coming
Correct me if im wrong but the US has 80,000 sufferers and orphan drug status means nothing in revenues
I want another 750,000 shares
and wouldnt be unhappy to see xkem remain at .03 for another 2 weeks(not going to happen)
Drift rightly corrected me that phase 3 has not yet started in Nigeria.
The US is way off dont you think.
Will the other African nations realistically sell nicosan
without full approval.
More than enough market in Nigeria.
This event(prof. Akinyanju endorsement of nicosan)
when it happens will be bigger than loans approval
imo
Bone marrow transplant or a drug called hydrocea(spelt wrong)
both expensive and hydrocea has terrible side effects
no competition
Hi Hinchback
does xechem need the ups now?????
Whats the story with the investor group?????
Do you think they need the ups in place before goinh ahead?
If the UPS loan is required for equipment of new facility (4th quarter)
anyone think it will come through later rather than sooner.
Thanks Goldrush
why did ceo Oniyide state that 2 to 4 million tablets will be produced when production was underway ???
Info from ibox
2 - 4 million tablets per day
when production gets under way
Is this after 3rd dryer is installed ( 3 months)
or after construction is completed??????
Driftdoc has professor Akinyanju had talks with Xechem or did you mean that as a result of gov talks with xechem he may endorse nicosan
This would be a huge pr in my opinion
Can anybody tell me the name of the chairman/president of sickle cell in nigeria and is it likely he will publically endorse nicosan soon.
Money in the bank,construction full steam ahead,hopefully roof on before monsoons.
Its a good day for Xechem
hi just read an article stating that xechem is conducting phase 3 trialls in nigeria at the moment.
Drift mentioned that they havent started phase 3 trials yet.
havent figured out to post the link yet.
can you tell me what your dd was ?
not trying to be a smart arse just trying to learn
when you do your dd
would you mind taking me through what you look for
tia
To be honest havent a clue how to do proper dd
read and reread the ibox
tried to make sense of sec filings
loved the fact that it was non toxic and co. opted to go fda route
backed by who was nice
banks giving them loans was decent dd for me,my experience of banks is that they seldom lose
love the fact that they took on bristol myers and won
true my dd is lousy,also my timing, i am a novice so any advice would be appreciated
no alterior motives
friend has 4 million shares average .027
must love your average good luck to you
what share price do you think this "target" is for investor group?
If after one year and they hit target will they be the new chasman?
Hinch i see you have been around since i started buying xkem in the .09s ouch i know.
Given xkem from a friend
what price would you expect in two years with the new facility up and running by the end of this year?