Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Mets, I am confident that I speak for many on this board when I say that your efforts are greatly appreciated.
BDB
4.3 M here. eom
mrcsn: I appreciate your DD and sharing of information on this board, and believe that this topic is indeed relevant to the future success of Nicosan in Nigeria and elsewhere.
BDB
Thanks for sharing, geo. That's the best news I've heard today. DDareDDevil is a stand up guy, and he has a world class sense of humor. My thoughts are with you DD.
BDB
RocknRoll4ever: Playing the devil's advocate, a scenario can be constructed in which the real profit from the future success of Nicsoan is reaped by Dr. Pandey, management, the Basu group (and other private investors), and those who participate in the Nigerian IPO. Mets -- if you are out there -- my question for the good Dr. P is precisely how the long term, patient investors who have been accumulating XKEM stock will in fact be rewarded?
In my opinion, the fate of patient XKEM holders will be determined to a great extent by the terms of the Nigerian IPO.
I am encouraged by the Basu group's contribution of funds to Xechem International. However, as partial consideration for that investment, the Basu group has received priority status regarding the IPO. They will be protected from, and have the opportunity to participate in, the IPO. We do not enjoy those advantages.
The average retail holder of XKEM must rely on the integrity of Dr. Pandey. I hope that our reliance will be justified.
BDB
Truly funny!!! eom
You have a great attitude, DDareDDevil, which is a key to true happiness.
Best of luck.
BDB
DDareDevil: I truly hope that some treatment can be found to improve your condition. Best of luck. BDB
Hope that you were not injured, rotweiler. eom
Excellent email, transam. Thank you. eom
And concise!
NobleSlave: I doubt that management is trying to hold the pps down. Rather, I think it is a case of benign neglect.
Add me to the lurker list. Running on a treadmill is boring. eom
.40 tomorrow? I would be ecstatic to see .04 by August 1.
Given everything that is happening in Nigeria, and the strangle hold that Dr. Pandey has over the release of Xechem information, I am not surprised that we have received no update re production, prepurchase, UPS loan status, distribution plans, possible IPO, etc. I wonder whether the patient retail investor even appears on the good Doctor's radar at the present time.
Enter the Basu group stage left. With an investment of 7 million dollars, these folks have a keen interest in the pps.
I for one am delighted that they will have two seats on the BOD.
Who knows . . . perhaps Xechem will rediscover the PR?
Goldrush: The wild card here, of course, is a possible prepurchase agreement with the Nigerian Government. If that were to happen, then BigD's production numbers could indeed be translated into revenue in short order.
Interesting how the puzzle pieces fit together. We are way farther along than a year ago, when we were awaiting NAFDAC approval, and speculating as to where Xechem would obtain the funding needed for the new production facility.
Excellent post mpd68: Distribution is now the name of this game.
Goldrush: If BigD is correct, I think that you will be correct, provided that distribution and sales are keeping up with production.
BDB
drifter: Given the funding that is now secure (and I am assuming that UPS is a done deal), I agree that distribution is the next puzzle part that needs to be put in place. During my last conversation with Steve B., he mentioned hospitals as a possible part of the distribution chain (in addition to the pharmacies). It would be interesting to know if the two new members of the BOD have any thoughts regarding developing a distribution system.
BDB
Good post, BigD. EOM
Mets has posted some interesting thoughts as to how and why such advantageous terms were given to the Bleches.
My speculation, niczar, is that any major, sustained upward movement in the pps will begin in August, with the release of the 10Q for the second quarter of 2007. That 10Q should reflect increased production and revenue (the second and third dryers did not become operational until April, and will have no impact upon first quarter production/revenue).
In addition, by late summer, expedited progress on the new plant should be visible, and it should be clear that the promised ribbon cutting ceremony will indeed take place in the fourth quarter.
Hopefully, by late summer Xechem will also have made progress on a nationwide distribution system for Nigeria.
And, of course, the closer we are to the completion of construction, the more likely there will be an announcement of a substantial prepurchase agreement.
If all of the above ducks are indeed in order in the fourth quarter, IMO a pps of .10 by year's end is a real possiblity.
BDB
This is turning into Saturday Night Live. "Cheeseburger, cheeseburger, cheeseburger." So many "ignores," so little time.
You may do whatever you wish, but I won't know about it. Ignore.
Well, that covers it pretty well, Mr. Nixon.
Captain, there's another one on board. Where's the gaffer? LOL
NIII is back on the bid. A patient buyer. eom
When that switch is flipped, Goldrush, I intend to be "in."
Man, it will be the Mother Of All Bummers for those who guess wrong and are "out."
BDB
Agreed, drifter. In addition, two very positive items in the PR have not received much attention: (1) XKEM now has institutional investors; and (2) the construction timetable has been accelerated.
A ribbon cutting ceremony in Q4 sounds awfully good to me.
BDB
President Obasanjo's party (PDP) will win. Impact upon Xechem and XKEM: None. The Nigerian Government will continue to support Nicosan.
Maybe NIII concluded that shares were not going to be available at .02 after all.
Agreed, mrcsn. I think his inclusion on the ballot is important.
I'll bet Vinny could persuade Steve to issue a PR real fast.
The alternative begins with the horse head in the bed routine.
Who really does know DD? My speculation is that IR is simply not an area of great importance to Dr. Pandey/Xechem at this time.
drifter: I have no problem with a possible IPO being mentioned in the 10K. I simply do not understand why it could not also be the subject of a PR, and discussed within the company's broader business plan, so that investors would understand the advantages of such a proposal.
It would really help if Xechem would issue a PR explaining, within the context of its business plan, why a possible IPO is mentioned in the 10K. You're right bahouka, that did trouble some investors.
On a 1 to 10 scale, I would rate Xechem's IR skills at no higher than 3. True, the company does not lie or fluff, but it also does precious little more than the minimum required by law.
Which is only a problem if you want to be a long term investor. (I would imagine flippers are more than content.)
I like Steve, and he is very knowedgeable about Xechem's affairs. However, he has never struck me as an IR type guy, and he does not effectively function as such for Xechem.
Thanks Lochute. Production and revenues are evolving, and IR needs to evolve also. I think there is a lot for IR to talk about, none of which is fluff.
I agree drifter. In the short term, the only antidote would be for IR to be more proactive with timely, substantive updates. I appreciate that Xechem simply does not issue fluff PR's, but certainly there are positive, substantive developments worthy of public release. Hopefully, when the UPS loan approval is announced, we will get updates/guidance on some of the other developments.
BDB
I agree with your analysis pakman. Compare the current AS, OS and float to those that existed during the run to .116 last year. Moreover, as you point out, the current numbers will increase signficantly in the future.
I understand that Xechem had to do what it had to do to survive, and to get where it is today, but the longterm shareholder is feeling the effects of those additional shares.
BDB