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Bingo!!!
50/50 odds before meeting. Afterwards it becomes just a question of when we get the loan IMO.
Has anyone verified whether Pandey was in Nigeria or not?
Cab, I agree with you. We have to many positive events coming down the pipeline IMO. Smartmoney buying here IMO.
Do you think it is possible that he meant one day closer to loan news??? You know a simple optimistic post......
Thanks I just wanted to know where it said that.
Can you please show us the article or link where it shows that Pandey is in Nigeria at an investors conference?
Where does it say that?
Newark is way better to fly into. If driving take 78 West to 287 South.
If you are renting a car and don't mind driving a while longer you can fly into Allentown PA and drive in from PA on Route 78 and avoid the hassle of the city. Take 78 East to 287 South. Get the Exact exit from XKEM. Might take 45 minute to an hour longer to drive. If you choose that option you will also be treated like a human at the Airport when you leave but you may need a connecting flight to get there. Otherwise expect harrasment and ignorance when flying out of Newark.
OT: Yeah, she clearly wears the pants in that relationship...J/K as well Liquid.
Commitment there refers to getting it from the lender. A/S increase is not a commitment.
Bottom line is I either can believe public statements and hold. Or not and sell. Also taken in context of the total situation of Nigeria basically bragging about this achievement with other African countries I think they will make it happen.
We already know from the link to the minutes that the UPS loan has not been denied. I choose to no longer speculate on the matter and will wait patiently for XKEM to follow through.
Good Luck
Smartmoney
Tell them to raise the bid/ask to .028 I'll bet a lot of volume will flow in!
Knowles.
Unfortunately I certainly don't hold any inside secrets either :( . My views are based on XKEM public statements and I have to take the A/S increase at face value. They've said that they need it to meet contractual obligations. I assume that means warrants and things like that. They've also said a main purpose is stock options. Another purpose is to fend off a potential hostile take over which is probably why they are increasing it so much.
Pandey has publically said in his August PR that they have met all statuatory and other obligations back in August. If he was being truthful and since they say they have not been denied then I have to conclude they are in detailed negotiations and do not need the A/S increase to get the loan because that would be an obligation. I have asked point blank if there is a connection between the A/S increase and the loans and they've said no. Obviously if they did not get the loans then they would need the A/S but they have said they have no intention to dilute to build the factory and expect to get the loans. I guess they wouldn't tell me if there was a connection but again I have to take thier statements at face value. If they lied in PR's etc. then I'm screwed short term but I don't think that to be the case.
I don't see the A/S increase as an issue anynore and neither does the market because we are trending up not down. I am just waiting to wake up one day to a loan PR which in my mind validates 200 million plus in revenues.
The factory is supposed to be finished in the spring so if they want to issue those extra shares a year or two from now I won't care because XKEM will be a monster by then IMO.
It is not on my radar screen. I'm looking for two loans a possible pre-purchase and revenues of over 200 million down the road. Basically everything in Pandey's August PR.
Good Luck
Smartmoney
This is the link to watch for that.
http://www.exim.gov/articles.cfm/Board%20Minute/
Knowles
I'm guessing we see something before the meeting but I won't complain if it comes afterwards....
Later
Smartmoney
BTW RSI Over 50!
Just popped back in. Nice bid support. RSI about to break 50 again we are off to test .04 next week IMO. We've been trading strong since 8/25 in a bullish price channel continuation. It is almost like somebody just drew the zig zag of the chart.
Back to the swimming pool.....
'running out of posts'
Well my friend as they say in France, no pay no play...lol
Wow if we move to the top of the price channel we will be sitting at .035-.04 next week and if news hits then look out.
I agree as long as we are trending up it can do it at its own pace. I also have the impression that they are working hard to get one of the big three (2 loans or pre-purchase) together before the meeting if possible. After talking to a few of us they don't want a tough meeting. Since approvals came in late July I still don't think 3-4 months is out of the ordinary to close 12 million in loans with different banks on different continents.
We'll close green today. We should be headed to the top of the price channel IMO.
I think you're right about that!
Keep, Anyone flipping down here runs a serious risk of getting burned. The support that we've sat on the last few days is strong to say the least. Even for a flipper we should be in a buying range with the intent of dumping in the mid to upper threes. Which to me is completely stupid too since we are waiting on funding news that will lauch us to the stratosphere.
Anyone flipping in these ranges has limited bank roll and will miss the boat because of it.
Nothing wrong with flipping. It adds liquidity in any market IMO. It is when flippers tell you when they sell or that they have an entry point that is below the current PPS that I consider a foul ball. They usually do so citing charts and TA in a predictive fashion as if charting were a science and not an art. That is when a flipper crosses the line and becomes a basher IMO. The only purpose in those statements is to try to create doubt and become a sell fulfilling prophecy.
BTW I've only accumulated since end of July.
I think they claim to cure everything.
Actually since they were at the ask it looked like they moved it up to me. It was the people here dumping into the close that stifled it but at least we ended green.
Are you hitting the ask?
Liquid you're going to have to do more than 100 shares at the ask. Lets see that big old bank account. Go Liquid Go!
Just tap the ask into close and we'll holdIMO. Doesn't have to be big ordetrs.
Liquid Nitrogen!
.028 CLOSE.....?
Giddy Up! .025?
Nigeria to hold capacity-building SciTech Week
He said through the exposure of indigenous research works, the country had achieved a great feat in the development of a sickle cell drug, while also witnessing the establishment of more than five companies utilizing 100 percent local raw materials.
http://english.people.com.cn/200610/11/eng20061011_310731.html
Nigeria's National SciTech Week '06 to be held from October 16-22 will focus on the building of indigenous capabilities, Permanent Secretary of the Ministry of Science and Technology Aliyu Abdullahi said on Tuesday in Abuja.
Addressing newsmen in the capital Abuja as part of activities to herald the week, Abdullahi said the week would appraise the country's achievements, and potentials in science and technology.
"It is essentially a forum for showcasing achievements in research and development activities among the populace," he said.
He added that the week would be used to assess the contributions of the federal government to the development of science and technology since 1999.
Abdullahi said an independent panel made up of state governors had already been constituted to analyze the 19-year-old event with a view to evaluating the federal government's contributions.
The permanent secretary said that more than 500 individuals, 200 institutions and some private companies were expected to exhibit their research works, innovations and inventions during the week.
"The week is designed to serve as a forum for the private sector and researchers, inventors and engineers to establish needed linkages that will translate ideas into products for the good of the country," he said.
Abdullahi said the week was expected to create a mechanism for achieving national mass awareness in science and technology as well as promote a creative output in science and technology in the country.
He said through the exposure of indigenous research works, the country had achieved a great feat in the development of a sickle cell drug, while also witnessing the establishment of more than five companies utilizing 100 percent local raw materials.
During the week, a ministerial roundtable to be hosted by the science and technology minister will feature the ministers of finance, education, industry, health, environment as well as information and national orientation and agriculture and rural development.
Source: Xinhua
I feel an EOD Run...
Are you tingling? Anything? A scatch an itch? Nothing?...lol
600,000 share just traded at .0245. That's 10% of todays volume in 1 trade at the high of the day. That should indicate our direction from here IMO.
Yes and today it does really look like sellers have become scarce.
Because they don't only make money on the volume. If they short it that means they are selling it at the higher price even though they don't own it and buying it back at the lower price and keeping the difference. If it goes to zero they make even more money. Basically they are borrowing your shares without your permission and selling them and then buying them back. They are not paying you interest and are creating selling pressure which is not in your interest.
If they are restricting buying pressure to accumulate then they are buying shares and will sell them at the higher price when they let it run.
In the case of naked shorting then are actually selling shares that don't exist. Kind of like counterfeiting money.
That is the best I can explain it I hope it helps.
It isn't always the result of shorting. Sometimes they can run the company to the ground. Also lets say they short at .05 and buy back at .025 they've made money and there wasn't a squeeze. It is when the price starts going up and they are short that they may want to restrict online buying to ease buying pressure so that they can cover thier short positions. A couple weeks ago we bottomed again and two days later a couple brokerages restricted buying on normal volume and a normal rise.
Also, they may not be short at all. They may be trying to ease buying pressure so that they can accumulate shares for themselves at the discounted price without driving the price up. Then when they are done accumulating they let it run.
To me there are only two reasons to restrict buying either to cover short positions or to accumulate shares at a low price. They never restrict selling prssure when a stock is tanking.