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That has got to be the best chart today. (lol)
Thanks for the input Wang, I am soooooooooooo upset I couldn't get into swyb at .02 because my broker didn't recognize the symbol(e-trade), so I had to pass. Need a winner for this week. Thanks buddy!!
Wang, what do you think of ATWT??
Chart looks great Wang, and I will hold for a good run. Thanks Wang.
IMO
Oh I'm selling?? But not at this price, millions in my hand and AMEX on the way(lol) I am holding this baby for a while even if it runs/pulls back and RUNS/// AGAIN. imo
I wouldn't have mentioned Jabber on here unless you know he/she is a lady. IMO
MGOA and CTIC look very good!! Thank you. IMO
agree chart looks very good. Good luck on it I will watch it. Thank you.
Either way your riding free shares(I hope) I think you will have a good run tomorrow (3 day run/rule) who knows maybe more but Fridays usually slow down. Ride the wave my friend, to the moon I hope. IMO
odiaz28 Congrats on that one, I entered the buy at .02 yesterday and etrade screwed me up and wouldn't let the order go through because the symbol wasn't avail (bleeding bad here my friend) but I hope you get to .50+++
I just read through this PR again where Dr.Pandey responded to shareholders and the business community. It doesn't hurt to read through once again and understand the fundamentals of this soon to be huge Pharma company. I know many are feeling down about the sp but much greener days are ahead!! IMO
Xechem Chairman Responds to Shareholder Questions Regarding NICOSAN(TM) Progress and Sales Forecasts
The Chairman of Xechem International, Inc. (OTC BB: XKEM), Dr. Ramesh C. Pandey, responded today to a number of questions posed by investors and others in the business community concerning the status of its operations in the aftermath of the approval of NICOSAN(TM), its sickle cell drug, by Nigerian regulators on July 3rd, 2006. Some of the questions posed to the company and answered by Dr. Pandey are the following:
--------------------------------------------------------------------------------
Status of Production Facility
Q1: Xechem has reported that its Sickle Cell Drug, NICOSAN(TM), is
being produced in limited quantities at its pilot scale facility
in Abuja, and that construction has now begun on its full scale
facility at the same location. When do you expect the full scale
facility to be completed and at what cost?
A1: We estimate that the construction of the new facility will be
completed in approximately nine to twelve months, subject to
timely receipt of the required funds, and the facility will be
fully operational then. Our current estimate is that the total
cost of the new facility, including the cost of the required
machinery and equipment, will be approximately $12 to $15 million,
of which over $5 million has already been invested by the Company.
Expected Sources of Funding
Q2: What are the sources of the expected funding to finance the
capital expenditures?
A2: In the past several weeks, we received a loan from NEXIM Bank of
Nigeria for 150 million Naira (USD $1.2 million). The bulk of
those proceeds have been earmarked for the initial phase of
construction, and that work has recently begun. NEXIM has been an
extremely supportive lender that likes very much what Xechem is
doing in Nigeria and has expressed a strong interest in investing
significantly more money into Xechem's operations there. In fact,
advanced discussions are now underway with NEXIM officials
concerning a substantial new loan, the proceeds of which would be
used primarily for constructing the buildings for the new
commercial scale facility. We are also continuing to aggressively
pursue an approximately $8 to $9 million loan through the U.S.
Export-Import Bank Loan Guarantee Program.
Q3: Can you provide a report on the status of the Ex-Im loan and the
likelihood that it will close in the near future?
A3: As with any significant commercial loan to a company at our stage
of development, issues arise during the course of negotiation and
due diligence that can affect the timing of any proposed
transaction. This was especially true prior to July 2006, when we
received regulatory approval from Nigeria's National Agency for
Food and Drug Administration and Control (NAFDAC). That approval
added quite a bit of credibility to our efforts, particularly in
procuring the required local Nigerian bank guarantee, and has
seemed to accelerate the pace of negotiations with the various
parties involved with the Ex-Im guaranteed loan. Although
certainly there are no assurances as to when or if this loan will
close, I believe we have satisfied all of the statutory and other
requirements for the transaction and my sense is that this loan
has an excellent chance of being approved in the near future.
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.
Current and Projected Sales Activity
Q6: Turning to the drug itself, have sales of the product begun and,
if so, how is the drug being distributed?
A6: We have begun sales of the product on a limited basis in Abuja.
Because we are producing pilot scale quantities which are
insufficient to meet the expected demand for the product, we have
strictly limited distribution of the drug so that, at present, it
can only be acquired at Xechem Nigeria's headquarters at Sheda
Science and Technology Complex (SHESTCO), Abuja. Soon, we expect
to open three to four satellite offices in Abuja. These measures
will last until the full scale facility is completed when we will
turn to more traditional avenues of marketing and distribution
throughout Nigeria and beyond. Keep in mind that once on the
medicine, a patient must continue taking it on a daily basis
without interruption in order for the drug to be effective. One of
our big concerns is making sure that once a patient begins taking
the medicine, that person will have uninterrupted access to the
drug going forward.
Q7: How many patients do you expect to serve before the completion of
the full-scale facility?
A7: Based on the quantities of the finished product now on hand and
our current small-scale production capability, we project that we
will be able to meet the needs of approximately 20,000 patients
per month on an annualized basis pending completion of the
full-scale facility.
Q8: What is the current price for the drug and what sales volume do
you forecast for this initial period prior to full-scale
production?
A8: We are currently charging 3000 Naira (USD $23) per month for adult
patients and 2400 Naira (USD $18.50) per month for children. If we
meet our target of supplying 20,000 patients per month on average
during the first year, this will result in annual sales of
approximately $5 million during this period of limited production
capability. That number could be significantly higher if, as we
expect, we are successful in achieving some incremental increase
in capacity between now and the time the full-scale facility is
completed.
Q9: Once the expanded production facility is completed, what do you
feel is the market potential for this drug?
A9: There are approximately 4 million people in Nigeria alone
afflicted with Sickle Cell Disease, of whom we believe upwards of
50% live in urban or quasi-urban areas where average income levels
are believed to be sufficiently high to absorb the retail cost of
the product. Realistically, we believe we should be able to
penetrate more than half of that segment of the market over a five
year period, which would result in estimated annual revenues to
Xechem Nigeria of approximately $200 million at today's prices.
And that is for Nigeria alone. Needless to say, down the road, we
expect to generate additional revenues from sales of the product
throughout Africa, not to mention India and the Middle East and,
of course, Europe and the United States. Also, these figures do
not take into account additional sales that may be possible to
poorer segments of Nigerian society as part of a pre-purchase or
other support program with the government of Nigeria.
Q10: Can you speak to the substantial decline in the price of Xechem
stock that has occurred since the launch?
A10: There are many theories on that, and it's probably best for me
not to address them directly. What I do feel comfortable in saying
is that we have something very special going on in Nigeria right
now and have unquestionably accomplished a great deal in getting
to this point in spite of the many obstacles in our path. I am
confident that as we secure one or more traditional bank type
financings and move forward in the implementation of our business
plan, things will change markedly for Xechem and its shareholders.
My message to our shareholders is this: the patient investor will
be rewarded as we progress toward full scale production of this
historical drug.
Palooza, BDB due tell please. I believe in sixth sense, I don't have it but I know my fiance has it and it usually transpires. I'm interested in what you dreamt of. Thanks
Maybe the sp is at this price so that the hedge funds can load up and them make it run creating the 5000% increase to their portfolio's. I's sure more them a few have some inside influece over some of the MM's running this show. Hang on to your shares don't be fooled by this shake. Of coourse IMO
odiaz nice board congrats!!!! Hey ATWT looks ready to rock and roll tomorrow, chart shows ready to explode like some others today but didn't (lol) Keep an eye on her. Augc is a ticking time bomb as far as I'm concerned. See ya
IMO
If we go back to chassman financing, I'm out plain and simple even with a loss. IMO
I agree, gotta love them 2's !!!
We really only had 1 real run so far, flippers are not helping but could it be as someone stated the company wants to keep us down here until chassman is done unloading. A financing mess is what they know they got into but based on the circumstances that was there only option at the time. I don't think they will need to go that route anymore and they want to get her out of their hair. Just my thought, I agree something is fishy here. IMO
Not sure what the heck is going on here but the chart is indicating that we should be in blast off mode. I it's waiting for the PR's to come out before they let go of the lactch and the spring underneath this stock explodes. Weird when I look at the chart and the pps is still the same as last week. Someone mentioned that this might be a last shake at the tree before she runs, I honestly think they are correct. Lets see what tomorrow brings but by next week we should be well under way for a run. Just my Opinion.
Just looking at Xkems chart. Not looking very good for the moment but within the next 30days I see a major run. Seems to be setting up like the last run only this time with a higher base and looks like it will be a much higher spike. Got to pass the 20 MA and 50 day MA which should be within the next 30 days. Not a chart expert but can muddle my way through. Anyways that is my prediction, but I won't put a price tag on the spike. Loan news can blow the charts away easily. Keeping my fingers crossed. IMO
By the way the IR Department in this company is well BELOW average. Something HAS to be done, hope any of you that can attend the annual shareholders meeting can bring this up. IMO
I guess this is what they want us to believe, MM's or who ever is keeping us down to scoop up our shres at this RIDICULOUSLY LOW price. They won't get mine not at these prices, loaded up 660k more today. Loan approval will make us spike and hold this time I hope. Anyways frustrated but holing.
IMO
Loaded up 660000 @ .0245. Very happy!!
Sure does, thank you. I will go try now.
I have no idea, I would like to know so I can insert a pic too. Maybe one of these fine feather fellow posters in the know could help? I will be back I am going to go sign up for a paid membership to Ihub (finally lol). I'll be BACK
(lol) must be.
Heard Wang say today that there could be some AUGC Big news next Tuesday. I think so, but I also think we will get another this week. IMO
If wango knows we knows. I trust him, don't know his source though.
Cool thanks odiaz!!
I hope so lifegear and onefreedude!! If not this week maybe next, I heard Wang say AUGC BIG NEWS Next Tuesday. IMO
lol I hope it runs though I took a hit on SLWF today to try and get in AWYB Man what a run, but my etrade wouldn't recognize the symbol. Talk about bad luck (lol)
odiaz, Momo- I tried to get into that one, could of got in at .017 but my Etrade wouldn't recognize the symbol. I was soooo upset. Oh well hopefully there will be another great runner tomorrow.
ondefreedue- I agree, run or not this is a really good board, nice people and nobody is at each others throat. Great bunch forsure
smartmoney77- Yep sure looks like a pop in the near future based on the chart and possible PR. Depends if they let her run a bit. Me, I am not a chart expert by no means however I do get by, reading enough to make some buy/sell calls for my investment. With Xkem I don't feel comfortable flipping because I could be left without a bag and she goes to a $1. Anyways have yourself a great Sunday, and looking forward to see what this week brings. IMO
Stock Analyzer_ Your right, very nice chart looks like there is plenty of room to rise here. Thanks
IMO
Trying to post chart but not able too. Sorry guys/gals.
Do I have to conert to a gif/jpeg?? Just read them not into pasting them on posts yet!
Hoper Did a few deals in Scarborough on Ellington. Port Perry is very nice!! Have a great night/weekend
You 2 Stock. Enjoy whats left of the weekend, have couple of brewskies. L8tr
Hey, as per the who/what where conversation today: Me:
Born in Toronto, 36 year old, male, real estate invetments, stock swing trading, married, into smowmobiling and motocross. In my past I remember playing hid and seek on the roads without the worry of pediophiles. We eused to hide in other peoples basements and no body would mind. Those were the days!! Brakes on go karts (LoL) Never!!
Have a great weekend
Cowboy
Poker I wasn't meaning you or any of the longs here, Dirtercccc is a long from what I've seen but he had a smart remark and that piss ed me off. I know you are long my friend cant wai to load up more next week but I am waiting for my Etard account to refill. See ya
Cowboy
Why do I have baby in my username?? drifter??? HAve you got a clue young boy??
drifterfcccc What ever. (lol)