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5 day chart is sideways looks like stand off to me.
Volume going up here.
OT:Klon,
What are you doing to me. You go from keep it simple to encrypted messages...lol
Smartmoney77
I guess you could mell worse..lol
I don't know which makes me happier, being your hero or the thought of a gapper...lol,, Gapper....
Morning....What am I chopped liver?...lol... I smell green today....
If the earnings of .027 per share are validated then I guess you need to determine a PE.
Outside of that I'd say the technicals look OK at present as well.
http://quote.barchart.com/texpert.asp?sym=CKYS
Smart call IMO welcome aboard.
Klon I won't guarantee it, but I give it a 96% chance. Check out Smartmoney77's TA powered by barcharts...lol
http://quote.barchart.com/texpert.asp?sym=CKYS
I liked the video interview that is linked in the PR. Watch it. That was from late September and he said they were hoping to get the A/F out shortly. I know that I once had to have an audited financial done on myself and it took a lot longer than I thought it would because everything had to be verified. I imagine it isn't a simple process for a company like this but I guess you know that being a CPA.
Big it is on the board info above about the float. I heard the CEO say it in the audio interview that I sent you. The float is 180 million. It has probably been PR'sd in the past. I think the more you read it is likely that you might buy back in. Good luck
Big, click on the link to the PR. In the PR there is a link where you can watch a video interview of the CEO on the Nadaq floor. Also the second link is an audio interview where the CEO says the float is 180 million.
Smartmoney77
http://biz.yahoo.com/iw/060926/0166562.html
http://www.tradersnation.com/ckys.shtml
Outstanding Shares - Approximately 580 Million
Float - Approximately 180 Million
Authorized Shares - 1 Billion
Yes I have seen other companies do that. I can't speak for its accuracy.
Big According to prior PR's the earnings per share is .027. So our PE is less than 1. People here are waiting for the audited financials to verify that. Myself I don't think the company would order the A/F if they couldn't verify the numbers. According to the audio interview above the CEo says the revenues should double over the next year so I think the numbers should at least be at .027 per share or better. I assume the A/F will answer many of your questions.
The way I look at it, unless the company is a complete fraud the A/F should pan out. I think since they do have government contracts they are the real deal. Read through some of the prior PR's and it may help bring you up to speed.
My opinion and I am new to the stock
The float is 180 million.
Smartmoney77
I echo Jab on this we have a good base to move from now. I am not discounting what you're saying but these guys do seem to have a plan which is good.
I don't have a strong view on this but I think if we're going to have loan and revenue news coming in November I think the timeing of a construction update might be better in December January when nothing much is going on because Feb. will bring more revenue news.
I don't think I'll care at all if we get a pre-purchase because we may already be rich if that happens.
Octobers short position is 38 million according to buyins.net which is 20% of the float. They couldn't have covered that IMO because these last few days the buying pressure has been created by many of the new faces on this board. I know that myself and two other people here own 10% of the float. I think we have a long way to go up here.
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cmt%5C2006%5C10%5C31...
I tapped it into the close.
BIgD's PR might give a little stronger close.
If a pre-purchase materializes we won't be looking for any PR's for a long time IMO. A 10 million pre-purchase and we are permenantly over .10 IMO because that is revenue not a loan. I'm just guessing here but I think Traz worked it out and it sounded about right.
Thanks for the update.
Might be going back up now.
I agree that expectations should not be high at all for this coming quarter and that they will continue to grow each quarter. Some might try to hype it up to get a spike in the PPS leading up to it so they can flip when the revenues are anounced only to buy back cheaper. Anyone can call the company and Burg will tell you they are deliberately moving slow with distribution.
I'm happy with any revenues and I think that is the better mindset to have here to avoid let downs. Just my 2.41 cents.
I know but from a shareholders standpoint QVC doesn't buy on consignment they pay upfront and store it in house. Plus I think they would sell huge quantities there because it is a demonstratable product hitting a targeted audience. They are always looking for something you can demonstrate. Just a thought but of course Home Dept etc would be great too..
You know this is going to sound crazy but they would sell huge quantities of that lock on QVC. The good thing there is they pay up front and house the product on location unlike other retailers. They do this so it gets shipped to the end user more quickly.
It isn't a done deal and is under negotiations. It could be a yearly thing or a monthly thing if it happens. That is all on the table. We don't need the pre-purchase if we get the Nigerian loan but they wouldn't give any numbers but said it would be sizable if it happened.
We are still waiting for 4-5 million Nigerian loan. We got UPS 9 plus million that was the U.S. import export loan that was guaranteed by Nigerian banks. We need either the Nigerian loan or a pre-purchase to ensure no further dilution. My feeling is the Nigerian loan will push this up a pre-purchase which isn't a done deal will make this fly!
Nigerian loan will move it IMO.
.025 right now.
So are we partnered with Black and Decker?
OT: Light I didn't say you were bashing I was letting you know why it was being discussed here.
OT: Yes it does but since I own millions of shares of both companies I read both. People posted on CKYS and on this board bashing comments toward my investment so I countered. I won't bother anymore. I was just surprised when I saw people that get upset when their investment gets bashed start bashing one of mine.
I guess bashers come in all shapes and sizes!
XKEM is at bottom IMO and will deliver on everything in that August PR. I'm expecting slow steady growth for a while and then an explosion at some point. Now is definately the time to buy on low volume when it has bottomed.
OT: You haven't done your DD on this one. There are some .PK that are real companies CKYS is one of them. They have govt. contracts, good products, and are waiting for A/F to verify revenuues.
OT: I didn't realize you started this nice. lol I haven't been posting here much for a couple reasons. One nothing is happening and two I feel it is basically at bottom so my investment is safe here.
OT: I think everyone here will be wealthy in a year or at least better off than they are now :).
OT: Longterm it doesn't really matter who you are talking about. I am surprised that you take pleasure in other peoples pain. That is the kind of thing a basher does. How many times when XKEM had a bad day did some loser come on to that board and post some stupid comment like that. Based on your previous post history it is beneath you.
No problem then. Sometimes what we write comes across the wrong way or is interpreted wrongly.
FYI It is really low class to trash somone elses investment.
I don't know if anyone posted this. This is the US Impoort Export banks release. I think more people read their releases than XKEM'S so it may attract new money.
Press Release Source: Export-Import Bank of the United States
Ex-Im Bank Facility Supports Nigerian Pharmaceutical Production to Combat Sickle Cell Anemia
Tuesday October 31, 4:18 pm ET
U.S. Companies Add Jobs to Fill Export Order
WASHINGTON, Oct. 31 /PRNewswire/ -- Companies in Florida, Georgia and Illinois are exporting equipment and services to a Nigerian pharmaceutical firm to help it in the fight against sickle cell anemia.
ADVERTISEMENT
The exports by American Plastics Technologies, Inc., Schiller Park, Ill.; FinancialBridge, Inc., Miami, Fla.; Nitra Group, Aventura, Fla.; and Fischer Scientific Co. LLC, Suwanee, Ga., are being made possible by a $9.3 million loan guarantee from the Export-Import Bank of the United States (Ex-Im Bank). American Plastics Technologies and FinancialBridge both are small businesses.
Xechem Pharmaceuticals Nigeria Limited, Abuja, Nigeria will use the funds to build laboratories and a manufacturing plant in Abuja to develop a variety of herbal-based drugs to combat sickle cell anemia
Ex-Im Bank approved the medium-term loan guarantee under its new $300 million financing facility, allocated among 14 Nigerian banks, to support U.S. exports to Nigeria. The consolidated facility is designed to expedite the processing of short- and medium-term Ex-Im Bank financing for the purchase of U.S. goods and services by Nigerian buyers. This is the third transaction to be supported by the facility.
UPS Capital Business Credit of Hartford, Conn. is the guaranteed lender on the transaction. Two Nigerian banks included in the facility, Diamond Bank Ltd., and Access Bank Nigeria Plc., both of Lagos, are supporting the transaction by providing co-guarantees.
"This transaction will support the development of Nigeria's pharmaceutical infrastructure and at the same time create and sustain U.S. jobs at small and large businesses alike," said Ex-Im Bank Chairman and President James H. Lambright. "We look forward to the continued use of this financing facility to make possible exports to Nigeria that otherwise would not go forward, and to foster growth in Nigeria's banking sector and a wide range of Nigerian industries."
"In the past, European businesses have aggressively used government assisted financing to successfully compete against us, even though their prices are 40-50 percent higher than ours," said American Plastics CEO Dr. Rao K. Murukurthy. "Now with the help of Ex-Im Bank, we are reversing this trend and selling internationally. This project to build a pharmaceutical factory in Nigeria helps us to employ about 25 technicians and engineers for about eight months. It also helps several of our U.S. vendors to employ about 25 workers for six to eight months."
"Helping U.S. companies win global business is important to UPS Capital and in this transaction, four U.S. companies, including two U.S. small businesses, will be supported by the Export-Import Bank of the United States," said Jim Fortsch, head of ECA Finance at UPS Capital. "Since the funds provided by UPS Capital will be used to purchase plant equipment and machinery for a state-of-the art pharmaceutical facility, this project is especially rewarding."
Xechem, a wholly owned international subsidiary of Xechem International, Inc., New Brunswick, N.J., is building the pharmaceutical facilities under an agreement with Nigeria's National Institute for Pharmaceutical Research and Development and Nigeria's Ministry of Health.
U.S. exporters interested in learning more about Ex-Im Bank's Nigerian bank financing facility and how it can be used to support sales of U.S. goods and services to Nigeria may contact the nearest Ex-Im Bank regional office by calling 1-800-565-3946 and selecting option 2. Visit Ex-Im Bank's web site at http://www.exim.gov.
Ex-Im Bank this year marks its 72nd year of helping finance the sale of U.S. exports, primarily to emerging markets throughout the world. The Bank works with commercial lenders to help U.S. companies increase export sales and American jobs and minimize risk by accessing Ex-Im Bank financing and export credit insurance.
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Source: Export-Import Bank of the United States