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Total revenues North of 20,000,000 for Year06. Howard said this is conservative.
Thanks, I hear ya! EM
BigD, Question pls. Did we start off as pinksheets or OTCBB ?
Nice post investortrends. A lot of investors waiting to get back in or average down. We still got volume, Momo still here.
Insureman, I do! "This really blows"
http://academickids.com/encyclopedia/n/ni/nigeria.html
ENGLISH - OFFICIAL LANGUAGE OF NIGERIA!
Here is something you can do to get your mind off the stock.
http://www.candystand.com/play.do?id=17831
http://www.whtmtnliving.net/games/sports/beer_golf.htm
Still got time to bounce up today
CHDT #3 on Ihub's most active stocks and also #3 on most active board. Lots of interest in this stock on it's way up.
MMs tricks
A Market Maker Speaks Out:Ways of a Market Maker
(REPOST)
I was an OTC MM for about 10 years ending in the late 80's. Since then I have been strictly an investor. Since I
have not been that up to date in MM rules I will only make statements that I feel fairly confident are still accurate
regarding these activities. By and large most MM don't have a clue nor do they care to learn, about the fundamentals
of the stocks they trade.
They just try to make orderly markets. When dealing with BB stocks it is very easy for a MM to get trapped into
being short in dealing in a fast moving market. Reason being; most of the MM's in this stock are what are called
"wholesalers" this means they don't have retail brokers "working" the stocks.
So they have to rely on what's known as the "call" from larger retail houses. If a "Big" retail firm like an E-trade calls
up a market maker to purchase say 5,000 shares of a stock, they expect to get an "execution" from that market
maker. If he turns them down, or only gives a partial then the "Big" firm will go to another MM.
If this second MM "fills the order" then that "Big" firm has a moral obligation to continue to give future "business" in
that stock to that MM who performed (his life blood). This will go on until he "fails" to perform and so on.
Contrary to popular opinion the "Big" firms Do NOT necessarily go to the "Low Offer" to fill a buy order (Or high bid
for a sell). They "Go" to who they think will perform to fill the order and expect that MM to "match" the "low offer" in
the case of a buy (bid in the case of a sell). Even though this MM might in fact be the "high bid" and not really want
to sell any more.
As a wholesaler he must perform or he will get a reputation as a "non-performer" with the "Big" houses and will cease
getting "calls" which means he will soon go out of business. I mentioned above that this activity is very significant to
BB stocks. I say this because most of the trades in these BB stocks are "unsolicited" and are done through discount
houses.
With the above groundwork laid, let me try to explain how market makers get short even if they like the Company;
Lets say that a stock (shell) has been lying quietly at $.25 bid $.50 offered. A limit order comes into one of the MM's
to Buy at $.50 for a thousand shares. Prior to this trade that MM may be "flat" (neither long or short any shares). He
fills the order and is now short 1,000 shares. He may raise his bid hoping to find a seller to "flatten" out his position.
But before he realizes it a wave of buyers have come in and cleared out all the $.50 offers. Now the stock is $.50 bid
.75 offered. Here comes that "Big" firm he just sold the 1,000 shares to at .50 with another bid for 1000 at .75. He
makes this print. Now he is short 2,000 at an average of .625. The market keeps moving and now its .75 bid 1.00
offered. Now he has to make a decision.
Just like investors, MM Hate to take a loss. So 9 times out of 10 he will now sell 2000 at 1.00 making him short 4000
but with an average .81. At this time he would love to see a seller at .75 so he can cover his short and make a few
bucks.
But instead the market keeps moving up. Now it is 1.00 to 1.25 and here comes the buyer again at 1.25. He doesn't
want to lose the call so now he needs to sell 4,000 at 1.25 to keep his break even point above the bid. Now he is
short 8,000. Market moves up to 1.25 bid 1.50 offer here comes the buyer now he feels he must sell 8000 here
because "stocks don't go up forever".
Now he is short 16,000. And so on and so on. If the stock keeps moving up, before he realizes it he could be short
50k or 100k shares (depending how big his bank is). _________________________
Finally the market closes for the day and on paper he may look all right in that his "break even" price may be around
the closing price. But now he has to figure out how to entice sellers so he can cover this short. It is important to
note that if this happened to one MM it has probably happened to most all of them.
Some ways MM's entice sellers; Run the stock up with a "tight spread" in a fast market, then "open" up the spread to
slow down the buying interest. After it has "cooled off" for a little while lower the offer below the last trade right
after a small piece trades on the offer then tighten the spread so that the sellers feel they can take a "quick profit"
by "hitting the bid" on the tight spread.
Once the selling starts the MM's will walk it down quickly by only making small prints on the way down with the tight
spread. Another way is by running the stock up in the morning, averaging up their short then use the above
technique to walk it down in the afternoon.
Hopefully after doing this for several days, it will demoralize the buyers. The volume will dry up and the sellers will
materialize thinking that the game is over.
Contrary to popular opinion, MM usually Do Not Cover in Fast moving markets either Up or Down if they are short.
They Short More. They usually try to cover after the frenzy is out of the market. There are many other techniques
they use but the above are the most popular.
This technique works about 9 times out of 10 particularly in a BB market. However that is because 9 out of 10 BB
stocks are BS. Remember what I said above. Most MM's don't have a clue as to the value of a Company until they
get trapped. If the Company has solid fundamentals and a bright future. Then the stock will do very well. And the
activity that caused the situation will prove to even help the future stock activity because it created an audience."
Just food for thought
Money
Thanks RVD and WSM for answering my question. OTCBB it is...
WSM, Did this company start as OTCBB or from pinks?
Holy Shitzu!
going back up!
lots of .14 trades.
Bagaboombooyaa! looking real good.
BigD, Perhaps you can request some pics of the launch to post on our Ibox.
And with immediate sales, there will be cash flow. With cash flow, continuous production. No Dilution, IMHO.
Same here EM.
One day, When our pps is in the dollars, I will call him and yell out my version of booya!
BAGABOOMBOOYAA! I don't think Kramer's heard this version of Booya yet. LOL!
MOT, did this company start off as Pinks or straight OTCBB?
I concurr 100% Seabiscuit. The long term potential of this stock is staggering IMO. Very blue skies in the future.
Daily Champion (Lagos)
July 7, 2006
Posted to the web July 7, 2006
Lagos
The first Nigerian developed anti-sickler drug, NICOSAN, will be launched today in Abuja.
TODAY? I'm confused.
Has this been posted yet?
http://allafrica.com/stories/200607070320.html
Revenues up 2300%? WOW!
Hi folks, what's brewing here?
Encouraging post, Oilstrike. What stock was this?
I was about to trigger the sell at .10 but held. I still believe in this stock and I believe we will rebound. Still good days ahead IMHO. I am very aware that this became a ten bagger but I believe the NEWS of launching an effective SCD
drug is VERY HUGE NEWS WORLDWIDE! This IMHO is still going up.
GOING UP? ANYONE? DING!
(Imitates elevetor sound)
AWESOME NEWS! SHOW ME DA MONEY! EOM!
Pls. do firehawk. EOM
Other people concerned about kids with SCD
http://www.scinfo.org/Websitehx.htm
A new website is in development www.SickleCellKids.org directed by local artist Cynthia Gentry, to teach children and parents about sickle cell disease using colorful animation’s, inspirational stories and educational cartoons. This family friendly site will have educational materials that will be fun to view and allow inter-activity using the latest tools in web design. Content is reviewed by the center staff and is guided by patient and parent focus groups. There will be lessons on the body and blood, interactive quiz shows, comic illustrations that reinforce healthy living, and pain management content. Several celebrities have authored inspirational notes to the children to be viewed while content downloads. These include:
Tiger Woods
Maya Angelou
Marian Wright Edelman, Children's Defense Fund
Bill Cosby
Wyclef Jean
Congressman John Lewis
Monica Kaufman
Heather Headley (Tony award winner - best actress - for lead in Elton John's "Aida")
Ambassador Andrew Young
Secretary of State Colin Powell
Hank Aaron
Ed Bradley, Sixty Minutes
Al Zollar, CEO, Lotus Development Corp.
Veronica Biggins, Heidrick & Struggles (formerly in the Clinton White House)
Omar Wasow, BlackPlanet.com, technology advisor to Oprah Winfrey
Lonnie Johnson, CEO, Johnson Research & Development (inventor of the
SuperSoaker)
Darien Dash, leading Internet entrepreneur
Usher
Thanks BigD, EOM
Yes scare, Some of the e-mail I sent to the other news agencies came back to me "undeliverable". The response time from the tide news was 2 or 3 days. Seems to me that people know that this launch is a go. Ie. People talking about the launch all the time and are hardly disputed, Nigerian news, Currrent pps. Of course, these are only indicators and not definite. Remains to be seen...
I also tried asking if they can confirm if NAFDAC has approved the drug.
Thank you very much for the quick reply. Question pls? If the President is launching the drug Nicosan on the 8th of July, Does this mean that the drug has already been approved by NAFDAC? I just want to confirm. I would really appreciate a reply. .
Sincerely,
XXXX
The reply I got was not too solid. But they could also have replied with "Can not confirm" or some other things along those lines. So IMHO, they were saying that it has been approved.
Dear XXXX,
We do not think that the president of Nigeria
will publicly launch a drug if it has not been approved
by NAFDAC.
Thanks.
Editor
I did after seeing this http://www.thetidenews.com/. I contacted a few Nigerian newspapers via e-mail and asked them why not a lot of Nigerian papers carried the story about President Obasanjo launching the new drug. Below is the email I sent.
To whom it may concern:
I saw this on only 1 news on line that a new drug Nicosam or Nicosan, a very effective cure for Sickle Cell Disease will be launched July 8 by the president of Nigeria. Here is the link: http://www.thisdayonline.com/nview.php?id=50861
THIS IS AMAZING! I want to confirm if this is a rumor or is this fact? Is it true that the drug is also going to be launched to other countries? If this is true, I am wondering why Nigerian newspapers or TVs are not covering this. This is a very huge breakthrough and is big NEWS. Can we expect Nigerianwide news of this very soon. I would really appreciate a reply.
Sincerely'
XXXXX
Only one newspaper agency responded succinctly:
The Tide News
http://www.thetidenews.com/
contact@thetidenews.com
XXXXX
We stand by our story. It is a competitive world and so we cannot compel other news organs to carry the stories we carry.Please, accept our warmest
regards.
Editor
P.S. This was a bit puzzling to me as I did not find any article about any upcoming drug launch from this news agency.
I can only speculate that they may have covered this but failed to put it in their news archive? Or they may be part owner of "This Day" news agency? ???
I was hoping to hear back from "This Day" but did not get a reply.
Anyway, bottomline is they confirm and stand by the story.
No Braden, LOL! Just happy to be off at work today and got excited posting here. Anyway, This is my 14th post and I am down to 1 more post. Good luck to us longs!
Agree! Still lots of money to make there.
Texun, Here is a valuation of the company from rookiecrd1
http://www.investorshub.com/boards/read_msg.asp?message_id=11696062
XKEM Predictions
Ok I Did some calculations. Please understand I am not an expert on this company but do have a degree in finance.
Here is the longer term evaluation on the price per share:
Current Market cap $37 million
-There are approximately 10 million Sickle Cell sufferers worldwide. Lets use 7 million as the highest Number who will use Nicosan, to be on the safe side
-Now, Most drugs like this would sell for about $40-$50 per month I am guessing. However I am going to use a lower figure of $20 per month just to be safe.
- Once in production on full scale, economies scale should reduce their costs. R & D is already paid for, therefore there should be a profit margin of atleast 30% (Usually more, but once again I am going towards the lower end. Lets figure out the future market cap of this company:
Full scale production Profits:
7 million people X $6 profit per month = $42 million per month = $504 Million Per year Profits
Usually biopharma companies trade at 8-30 times earnings. Once again I will use 10 as a low end figure: 10 X $500 Million = market cap of $5 billion long term.
$5,000,000,000 / 1,200,000,000 = $4.16 per share
Now this is using all low end figures, meaning it could actually be much higher. Also consider that they are working on numerous other natural drugs as well. This is gonna be huge. Stick with this for the long term and you will become rich IMO
Texun, No reverse split necessary. Here is a perspective from Matvfreelife.
USXP went from .0004 to .045. USXP had 7 times the number of shares outstanding as XKEM. All that company had was a POS CEO that put out frivilous PR's one after another with no product.
XKEM is the real deal with a real product. A product which is scheduled to be launched in Nigeria on July 8th, and exported to the rest of the world.
lots of trades at .09, .091 coming up!