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No, but the "bros" did loan bany 1.6B shares to supposedly satisfy warrant holders. OF COURSE, when they receive these shares back after the RS the shares will be worth 100 times what they are now. CON MEN
Figure out an average and use that or pick particular batches that you chose to sell.
ONGO appeared on the naked short list on 7/23/07. (Buyins.net)
You guys drink too much Kool-aid.
Actually, you can buy back at any time before 30 days; you just cannot realize the tax loss. The tax loss is incorporated into your new cost basis so you do not lose it either.
Yhe "enourmous debt" on the back of enormous dilution is SOMETHING. They both are continuing; much more to come!
You'r probably right about that. I expect to see a RS on the agenda for the Dec. Shareholder meeting. Do not see Xkem getting out of this mess without one.
I think UPDA is a accounting/pr service for CFUL.
If I am reading the filings right, the Gelmon boys loaned Bany 1.6B shares to satisfy warrant holders. Now after the RS, they will get 1.6B shares back. The shares will be worth 100 times what they are now (100 to 1 RS).
Not sure why anyone would buy this BS stock.
Oh come on, we want to hear more of your stories.
You are correct but the guy always pumps Xkem. The fact of it is he has made a "fortune" doing it.
Geeze, there are no MM games....there is no interest or demand for this oinker. You guys spreading your pumper lingo. Unreal.
Hehehehehe!
The PR business.
Hehehehehe
OT:Hey Hinchy. you still around...Whatever happened to Jabbermouth?
I have tried it and have found that ONE can be successful as long as ONE tells the truth.
YES D; this stock is interesting. You must remember back to the days of RB (March 2006). I do not give my alias for those days since I do not feel the need. I DID
I worked in Sicilan Valley in a number of positions; Accounting...Financial Planning & Analysis...Memorex. Buroughs..Unysis...and cunsulted with over 40 of failed small businesses. I still hold Apple through my consulting activities.
PLEASE....Invest as You choose.
There is no quiet period in Nigeria.
Some of the MM's go thru ARCA.
I agree.
"why" why what?
I have my opinion!
I have always been considered as a basher!
MAGE your judgements!
With all due respect, forget "the quiet period."
Fine with me.
Revenue is extremly Important. I always go to the BALANCE SHEET as im a Financial Analyst.
Not so sure.
My concern is Whom will gain and Whom will win.
I want all investors to win; but it's a hard go!
GLTA
True statement!
You seem to see things now. When the pps ran to .115 there was about 500m floating. The daytraders/swingtraders/paid pumper institutions: every penny stock trader Knew it! Nobody read the filings!
Now, the dilution/pumping allowed the stock to run to .036....But the dilution is THREE times what it was. (.115/3=.038.
Everyone should have seen it the SECOND time!
With all due respect, Xkem/Pandy has funded this endevor on the back side. "non-dilutive financing" (HA) That was the only way a scientist could get money. In 2003 he said he would have $5M in Rev's. Yea, "they were in trouble" then.
This firm has always been interesting to me.
I do not come on this board to influencing buying or selling. Since March 2006 I have been a successful daytrader/flipper of this stock; ALWAYS considered a basher.
Not a basher! I do not try to get folks to buy or sell with my posts; in fact I post wery little.
Never fall in love with a stock; Always make your own decisions.
I think the Basu Group/Pandy will do just fine; I feel the real $ will be in the IPO which will benefit the new investors. Most penny's take alot of dead bodies before reaching maturity; if they ever do.
GLTA
Well, this is true for small bio's and IMO Xkem needs $ help. It is hard to do business in Nigeria because noone knows what is really going on. XKEM will keep going as they have no other alternative. Depends on how Nigeria sees Xkem come 2008. Just my opinion.
You must realize you are dealing with a heavily diluted; debt ridden penny stock with operations in Nigeria.
This one initially confused me because the deal looked too good. In @ .064 Still looking for the catch. Continental Fuels gave their SH's a 3 for 1 FS.
Yes everyone is doing it!
NOBODY crippled this stock but FGFC people!