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Drifter: That is my understanding also (Phase III in Nigeria has not yet started). Xechem's plans for Phase III in Nigeria is one of the areas in which I would appreciate clarification from management. (I.e., when does it start, number of participants, estimated completion date, etc.?)
Our current approval is good for two years. At the end of that period, if Phase III has not been completed, I have assumed that the current provisional approval will be extended.
IMHO, completion of Phase III would encourage Akinyanju to publicly support Nicosan.
BDB
Phase III in Nigeria (NAFDAC). eom
FIAT: It would be sweet to get Akinyanju on board . . . I've got to believe that Xechem is working on that.
Summer came to the Seattle area today: It's scheduled to end on Friday. (Rimshot.)
BDB
Raven: I have also been told by a couple of people who follow XKEM closely that Akinyanju is waiting for Xechem to complete Phase III before getting on board.
BDB
Ummmmm . . . yep! eom
"Blue skies, smiling at me. Nothing but blue skies, do I see."
tryz: You nailed it, brother. The wave is coming. I have no idea how far it will carry us, but it be coming.
BDB
I agree luke: Stability in Nigeria is a very good thing. eom
Good post brikk. They can run, but they can't hide. eom
That would make sense, BigD. eom
lsd673: I have had similar thoughts. Hope they are correct. eom
Mr. Gorbachev, tear down this wall! eom
Welcome LAKINGSPHAN! EOM
The $.60's will soon be a memory receding in the rear view mirror.
A new CEO -- with a successful biotech/business background -- would also help.
BigD: It took Tolstoy less time to write War and Peace than it takes for Burg to write a three paragraph PR.
Wasn't it Burg who said that retail investors would be "really happy" in June. Well, there are only nine more days for the happiness to arrive.
BDB
Drifter: I understand that Basu is not an officer or director of Xechem International, but he does have a large stake in XKEM's success, and appears to be at least partly responsible for the recent/current management shakeup.
I think these changes will benefit not only the Basu group, but also the retail investors (us).
Given this identity of interest -- and the probability that over 300 million XKEM shares are owned by posters on this board -- do you see any way in which the retail investors can enhance Basu's efforts? Is there a way we could work together for a common goal?
BDB
I agree, gwikley. The argument that but for Belch, Xechem would have gone under (because no other financing would have been available) is based upon sheer speculation. Regrettably, Dr. Pandey is an outstanding scientist, but a lesser businessman.
BDB
And, as I recall drifter, Mr. Becker is an attorney.
IMHO, the current shakeup is a very, very good thing for retail investors.
BDB
And who brought Mr. Belch and Dr. Pandey together . . . who was the deal maker? Anyone associated with Xechem?
Mmmmm, I'll bet some of the connected posters on this board could make an educated "guess."
Not a pretty story.
BDB
The day Belch and his retinue are really gone, I will commence happy hour with a triple martini! eom
How true, drifter. eom
Quasi-OT: I am a relative newcomer to DPDW, having recently been alerted to this stock by JoChef.
Although I ultimately rely upon my own research and judgment when investing, I do think it is interesting to take note of others who express interest in stocks I am following. As evidenced by the "PeopleMarks" given to the regular posters on this board, DPDW shareholders rival the great lineup of the 1927 Yankees ("Murderers' Row").
It's nice to know that I am in good company.
Best of luck to all!
BDB
Interesting indeed, mrcsn. eom
rattling: I think that a major reason for XKEM's current pps is the perception among some investors that XKEM is "dead money" until the new plant has been completed, and production and revenues have ramped up. Following this line of thought, there is no need to hold XKEM shares now, as there will be plenty of time to get in before construction is done. (This thinking does not take into account the current shakeup in management, or the increase in production that is ocurring this month in the pilot facility.)
I also think you are correct in suggesting that some XKEM investors have simply become tired of watching the pps decline, while foregoing other stocks that are ready to move now (DPDW being an excellent example).
BDB
lsd673: Thank you for sharing with this board the results of your research, which are consistently of high value. You often bring to my attention issues and developments which I might otherwise not consider, but which could have a signficant bearing upon my investment in XKEM.
BDB
mpd68: Together, Becker, the Col., and Dr. Pandey were drawing close to a million dollars a year in salary . . . not bad for a biotech that has never posted a profit. Those numbers cause me to wonder about the terms given to Blech for his infusions of cash, and the relationship of those payments to the salaries.
Xechem needs to be managed like a publicly traded company, and I agree that shareholder trust should be the first item on the BOD's agenda.
BDB
mpd68: I thought it was even worse, and that the Col. was making $250,000/yr. Either way, good move!
Good stuff, drifter. GOOD STUFF! eom
Well drifter, you certainly nailed this one! BDB
I will be here drifter, aint going nowhere. BDB
Since Ireti Oniyide was appointed as Managing Director of Xechem Nigeria, I have been wondering precisely what Col. Pandey does now to justify his $250,000 salary. Being "our man in India" doesn't cut it, particularly when, prior to the recent fiancing, Xechem was still borrowing money from the Blech tribe on sweetheart terms.
Given the abject inattention that Dr. Pandey has shown to the interests of the retail investors (who have absorbed all of the shares that Blech has dumped), shareholders have every right to take a hard look at the compensation being paid to Xechem's officers and employees.
XKEM is an investment, not a religion.
BDB
Agreed, contech7. I had similar thoughts when I learned of Scott's firing. There could be more casualties of the "power struggle."
OT: Dirk . . . you were great in Boogie Nights. eom
Razkyll: Do you have any theories as to why the company would want to be perceived as a "ship of fools." Do you think Scott's hiring and abrupt firing were planned as part of the internal power struggle?
BDB
Back to the future!
Let's do the time warp again.
Best of luck with your recovery!!! BDB
Thanks Brikk, this looks very good. And thanks to JoChef for informing me of DPDW.
BDB
Greetings. This week I have been establishing an initial position in DPDW.
Best of luck to all.
BDB